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Consolidated Statements of Cash Flows (unaudited) - USD ($)
3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (7,823,649) $ (5,205,999)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 80,790 87,357
Decrease in right-of-use asset 89,198 88,563
Unrealized foreign currency transaction loss (gain) 131,600 (159,750)
Stock-based compensation 349,023 390,336
Change in fair value of liability classified warrants 0 (682,400)
Changes in operating assets and liabilities:    
Accounts receivable 0 1,567,260
Prepaid expenses and other assets 13,837 563,548
Inventories 0 (1,072,251)
Accounts payable (152,901) (2,033,887)
Accrued expenses 388,246 641,212
Operating lease liabilities (92,357) (90,382)
Net cash used in operating activities (7,016,213) (5,906,393)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Maturity of marketable securities 0 2,992,890
Net cash provided by investing activities 0 2,992,890
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of withholding taxes related to restricted stock units (99,482) (56,401)
Proceeds from the sale of common stock and warrants, net 0 531,369
Payment of finance lease obligations (27,487) (26,074)
Net cash (used in) provided by financing activities (126,969) 448,894
NET DECREASE IN CASH AND CASH EQUIVALENTS (7,143,182) (2,464,609)
CASH AND CASH EQUIVALENTS, beginning of period 9,527,396 7,989,582
CASH AND CASH EQUIVALENTS, end of period 2,384,214 5,524,973
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest $ 5,940 $ 10,882