Balance Sheet

v3.24.3

Condensed Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2024	Jun. 30, 2024
Current assets:
Cash and cash equivalents	$ 1,404,211	$ 3,094,200
Grant receivable	245,362
Prepaid expenses	312,940	413,790
Total current assets	1,962,513	3,507,990
Other assets:
Loan commitment fees	505,427	565,124
Total assets	2,467,940	4,073,114
Current liabilities:
Accounts payable	252,142	156,426
Accrued expenses	317,083	104,157
Total liabilities	569,225	260,583
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.001 par value; 2,000,000 shares authorized, no shares issued or outstanding at September 30, 2024 and June 30, 2024
Common stock, $0.001 par value; 50,000,000 authorized at September 30, 2024 and June 30, 2024; 25,933,217 shares issued and outstanding at September 30, 2024 and June 30, 2024	25,934	25,934
Additional paid-in capital	69,477,261	69,190,341
Accumulated deficit	(67,604,480)	(65,403,744)
Total stockholders’ equity	1,898,715	3,812,531
Total liabilities and stockholders’ equity	$ 2,467,940	$ 4,073,114

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Source