XML 14 R7.htm IDEA: XBRL DOCUMENT v3.25.4
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:        
Net loss $ 1,864,092 $ (1,943,349) $ (8,042,412) $ (2,748,136)
Adjustments to reconcile net loss to net cash used in operating activities:        
Share-based compensation     204,978 45,820
Depreciation and amortization expense     331,581 331,834
Non-cash rent expense     114,662 66,456
Change in fair value of accompanying warrant liability     (988,708) (3,847,707)
Change in fair value of contingent consideration     (18,738) 167,591
Effect of foreign currency remeasurement     256,933 (280,247)
Changes in assets and liabilities:        
Accounts receivable, non-trade     (1,097,960) 91,323
Prepaid insurance expense     713,239 440,296
Accounts payable     (633,660) (712,995)
Accrued expenses and other current liabilities     (884,478) (1,153,961)
Operating lease liabilities     (116,314) (71,308)
Deferred tax liability     (69,586) (120,619)
Other non-current liabilities       503
Net cash used in operating activities     (10,230,463) (7,791,150)
Cash flows from financing activities:        
Proceeds from the sale of equity, net of issuance costs     17,915,883  
Issue costs associated with ADS shares and ADS pre-funded warrants       (338,900)
Net cash provided by (used in) financing activities     17,915,883 (338,900)
Effect of exchange rate on changes on cash, cash equivalents, and restricted cash     275,951 (138,325)
Net increase (decrease) in cash, cash equivalents, and restricted cash     7,961,371 (8,268,375)
Cash, cash equivalents, and restricted cash, beginning of period     14,288,690 12,686,935
Cash, cash equivalents, and restricted cash, end of period 22,250,061 4,418,560 22,250,061 4,418,560
Reconciliation of cash, cash equivalents, and restricted cash:        
Cash and cash equivalents 22,170,414 4,344,578 22,170,414 4,344,578
Restricted cash 79,647 73,982 79,647 73,982
Total cash, cash equivalents, and restricted cash $ 22,250,061 $ 4,418,560 $ 22,250,061 $ 4,418,560