XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
Statements of Cash Flows - USD ($)
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,570,642) $ (2,613,068)
Adjustments to reconcile net loss to net cash used in operating activities    
Preferred shares issued as compensation 13,864 32,890
Preferred shares issued pursuant to license agreement 0 935,088
Common shares issued as compensation and for services 38,250 42,000
Warrants granted to Scientific Advisory Board 480 1,352
Depreciation 181,335 174,357
Amortization 2,067 2,067
Changes in operating assets and liabilities:    
Prepaid expenses 118,464 111,423
Other assets 6,852 0
Accounts payable (20,270) (83,768)
Accounts payable - related party 218,722 673,638
Accrued expenses (21,980) (210)
NET CASH USED IN OPERATING ACTIVITIES (1,032,858) (724,231)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (44,506) (24,313)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of loan payable (70,951) (71,339)
NET CASH (USED IN) FINANCING ACTIVITIES (70,951) (71,339)
NET CHANGE IN CASH AND CASH EQUIVALENTS (1,148,315) (819,883)
Cash and cash equivalents at beginning of period 14,066,359 20,516,677
Cash and cash equivalents at end of period 12,918,044 19,696,794
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Interest paid $ 844 $ 892