Quarterly report [Sections 13 or 15(d)]

Condensed Statements of Cash Flows (Unaudited)

v3.25.4
Condensed Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:        
Net loss $ (1,999,397) $ (2,463,030) $ (4,157,751) $ (4,663,766)
Adjustments to reconcile net loss to net cash used in operating activities        
Stock-based compensation 198,530 564,333 436,174 851,253
Amortization of loan commitment fee     34,879 119,393
Changes in operating assets and liabilities:        
Grant receivable     16,435 (30,756)
Prepaid expenses     86,026 47,524
Accounts payable     330,687 125,492
Accrued expenses     667,271 455,127
Net cash used in operating activities     (2,586,279) (3,095,733)
Cash flows from financing activities:        
Proceeds from issuance of common stock     15,000,000
Net cash provided by financing activities     15,000,000
Net (decrease) increase in cash     (2,586,279) 11,904,267
Cash, beginning of period     11,627,849 3,094,200
Cash, end of the period $ 9,041,570 $ 14,998,467 9,041,570 14,998,467
Noncash investing and finance activities:        
Offering costs included in accounts payable     $ 37,597