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Warrants | 12 Months Ended
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Jun. 30, 2025
Warrants [Abstract] |
Warrants | Note 5 - Warrants In connection with the recent public offering (Note 4), the Company agreed to issue the underwriters, or their designees, warrants to purchase a number of shares of common stock equal to five percent (5%) of the number of shares sold to the public at an at an exercise price equal to 125.0% of the offering price per share of common stock, or $3.75 per share. The fair value of the warrants issued was approximately $96,000 based on the following inputs and assumptions using the BSM: (i) expected stock price volatility of 108%; (ii) risk free rate of 3.65%; and (iii) expected life of the warrants of 5 years. The warrants were fully vested on the date of grant and are included in offering costs. A summary of warrant activity during the fiscal years ended June 30, 2025 and 2024 is presented below:
Warrants |  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (in years) |
Outstanding at July 1, 2023 |  |  | 521,038 |  |  | $ | 14.07 |  |  |  | 2.6 |
Expired |  |  | (123,257 | ) |  |  | 18.00 |  |  |  | (0 | )
Additional issuances |  |  | - |  |  |  | - |  |  |  | - |
Outstanding at June 30, 2024 |  |  | 397,781 |  |  | $ | 12.85 |  |  |  | 3.6 |
Expired |  |  | (13,783 | ) |  |  | (24.00 | ) |  |  | (0 | )
Additional issuances |  |  | 45,063 |  |  |  | 10.10 |  |  |  | 4.6 |
Outstanding and vested at June 30, 2025 |  |  | 429,061 |  |  | $ | 11.03 |  |  |  | 2.7 |

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