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STOCKHOLDERS DEFICIENCY (Tables) | 3 Months Ended
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Sep. 30, 2024
STOCKHOLDERS DEFICIENCY |
Equity Distribution Agreement |
|  | Three Months Ended September 30, 2023 |  |  | Cumulative from inception |
|  | Shares |  |  | Proceeds |  |  | Shares |  |  | Proceeds |
Gross proceeds |  |  | 217,027 |  |  | $ | 547,803 |  |  |  | 721,061 |  |  | $ | 1,744,542 |
Fees |  |  | - |  |  |  | (16,434 | ) |  |  | - |  |  |  | (52,336 | )
Expenses |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (126,800 | )
Net proceeds |  |  | 217,027 |  |  | $ | 531,369 |  |  |  | 721,061 |  |  | $ | 1,565,406 |
Outstanding Stock Purchase Warrants |
| Shares of Common | Exercise Price per | Latest Expiration |
Description | Stock | Share | Date |
May 2022 Warrants | 66,666 | $ 12.50 | May 11, 2026 |
October 2022 Placement Agent Warrants | 90,909 | $ 6.88 | October 31, 2027 |
October 2023 Private Warrants | 943,396 | $ 2.12 | April 24, 2029 |
October 2023 Placement Agent Warrants | 117,925 | $ 2.65 | October 20, 2028 |
January 2024 Private Warrants | 1,831,503 | $ 5.46 | February 1, 2028 |
January 2024 Placement Agent Warrants | 91,575 | $ 6.83 | February 1, 2028 |
June 2024 Series A Warrants | 2,727,273 | $ 1.88 | June 24, 2029 |
June 2024 Series B Warrants | 2,122,642 | $ 1.88 | June 24, 2029 | *
Option activity |
|  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Term in Years |  |  | Aggregate Intrinsic Value |
Outstanding - June 30, 2024 |  |  | 2,263,440 |  |  | $ | 6.11 |  |  |  | 8.2 |  |  |  |
Granted |  |  | - |  |  |  | - |  |  |  |  |  |  |  |
Forfeited |  |  | - |  |  |  | - |  |  |  |  |  |  |  |
Exercised |  |  | - |  |  |  | - |  |  |  |  |  |  |  |
Expired |  |  | (14,338 | ) |  |  | 7.92 |  |  |  |  |  |  |  |
Outstanding - September 30, 2024 |  |  | 2,249,102 |  |  | $ | 6.12 |  |  |  | 8.0 |  |  | $ | - |
Exercisable at September 30, 2024 |  |  | 927,524 |  |  | $ | 10.81 |  |  |  | 6.4 |  |  | $ | - |
Expected to vest at September 30, 2024 |  |  | 1,321,578 |  |  | $ | 2.83 |  |  |  | 9.1 |  |  | $ | - |
Restricted Stock Units |
Outstanding at June 30, 2024 |  |  | 1,374,980 |
Granted |  |  | - |
Forfeited |  |  | - |
Vested |  |  | (232,941 | )
Expirations |  |  | (2,726 | )
Outstanding at September 30, 2024 |  |  | 1,139,313 |

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