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Balance Sheet - USD ($)
Jun. 30, 2024
Jun. 30, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 4,797,778 $ 8,149,808
Prepaid expenses 172,742 295,486
Total current assets 4,970,520 8,445,294
Property and equipment, net 7,512,463 8,106,647
Intangible assets, net 325,308 333,578
OTHER ASSETS    
Service agreements 14,562 14,361
Total assets 12,822,853 16,899,880
CURRENT LIABILITIES:    
Accrued expenses 262,467 143,760
Total current liabilities $ 1,358,776 $ 534,250
Notes Payable, Noncurrent, Related Party, Type [Extensible Enumeration] Related party Related party
Other non-current liability - related party   $ 1,500,000
Notes Payable, Noncurrent, Related Party, Type [Extensible Enumeration] Related party Related party
Total liabilities $ 1,358,776 $ 2,034,250
COMMITMENTS AND CONTINGENCIES (NOTE 11)
STOCKHOLDERS' EQUITY:    
Common stock, $0.00001 par value; 150,000,000 shares authorized, 13,144,055 and 11,698,497 shares issued and outstanding at June 30, 2024 and 2023, respectively. (Note 8) 131 117
Additional paid-in capital 150,838,832 145,946,257
Accumulated deficit (139,374,895) (131,080,749)
Total stockholders' equity 11,464,077 14,865,630
Total liabilities and stockholders' equity 12,822,853 16,899,880
Nonrelated party    
CURRENT LIABILITIES:    
Accounts payable 376,270 157,056
Related party    
CURRENT LIABILITIES:    
Accounts payable 720,039 233,434
Series A convertible preferred stock    
STOCKHOLDERS' EQUITY:    
Series A convertible preferred stock, $0.00001 par value, 10,000,000 shares designated, 892,625 and 547,674 shares issued and outstanding, at June 30, 2024 and 2023, respectively. (Note 9) $ 9 $ 5