Annual report pursuant to Section 13 and 15(d)

Balance Sheets

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Balance Sheets - USD ($)
Jun. 30, 2024
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 3,094,200 $ 11,247,403
Prepaid expenses 413,790 422,748
Total current assets 3,507,990 11,670,151
Other assets:    
Loan commitment fees 565,124
Total assets 4,073,114 11,670,151
Current liabilities:    
Accounts payable 156,426 534,545
Accrued expenses 104,157 534,256
Total liabilities 260,583 1,068,801
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value; 2,000,000 and no shares authorized, and no shares issued or outstanding at June 30, 2024 and 2023
Common stock, $0.001 par value; 50,000,000 and 40,000,000 shares authorized at June 30, 2024 and 2023, respectively; 25,933,217 and 25,633,217 shares issued and outstanding at June 30, 2024 and 2023, respectively 25,934 25,634
Additional paid-in capital 69,190,341 67,777,757
Accumulated deficit (65,403,744) (57,202,041)
Total stockholders’ equity 3,812,531 10,601,350
Total liabilities and stockholders’ equity $ 4,073,114 $ 11,670,151