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Equity Transactions (Tables)
 12 Months Ended
Jun. 30, 2024
Equity Transactions  
Schedule of proceeds from sale of stock

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​

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​

​

Gross proceeds

    

$

3,237,000

Less: offering costs and expenses

​

​

117,000

Net proceeds from issuance of common stock

​

$

3,120,000
Schedule of estimation of estimated the fair value of the warrants granted

For the year ended June 30, 2024, the Company estimated the fair value of the warrants granted quarterly to the Scientific Advisory Board on the date of grant using the Black-Scholes Option-Pricing Model with the following assumptions:
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​

​

​

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Expected life (year)

    

4

​

Expected volatility

 

50.13-55.28

%

Expected annual rate of quarterly dividends

 

0.00

%

Risk-free rate(s)

 

4.29-4.60

%

For the year ended June 30, 2023, the Company estimated the fair value of the warrants granted quarterly to the Scientific Advisory Board on the date of grant using the Black-Scholes Option-Pricing Model with the following assumptions:

​

​

​

​

Expected life (year)

    

4

​

Expected volatility

 

51.39-85.12

%

Expected annual rate of quarterly dividends

 

0.00

%

Risk-free rate(s)

 

3.025-4.195

%

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