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Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
OPERATING EXPENSES        
Research and development $ 1,255,074 $ 1,464,177 $ 4,613,302 $ 4,530,448
General and administrative 532,801 643,358 1,707,514 2,139,392
Total operating expenses 1,787,875 2,107,535 6,320,816 6,669,840
LOSS FROM OPERATIONS (1,787,875) (2,107,535) (6,320,816) (6,669,840)
OTHER INCOME (EXPENSE)        
Interest expense (4,789) (495) (6,050) (77,471)
Loss on disposal of property and equipment 0 0 0 (2,026)
Other (expense) income, net (4,789) (495) (6,050) (79,477)
NET LOSS $ (1,792,664) $ (2,108,030) $ (6,326,866) $ (6,749,317)
Net loss per common share        
Net loss per common share- basic $ (0.16) $ (0.19) $ (0.55) $ (0.63)
Net loss per common share- diluted $ (0.16) $ (0.19) $ (0.55) $ (0.63)
Weighted average common shares        
Weighted average common shares outstanding- basic 11,540,926 10,953,052 11,527,069 10,700,405
Weighted average common shares outstanding- diluted 11,540,926 10,953,052 11,527,069 10,700,405