Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.24.0.1
Condensed Balance Sheets - USD ($)
Dec. 31, 2023
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 6,644,517 $ 11,247,403
Prepaid expenses 171,740 422,748
Total current assets 6,816,257 11,670,151
Other assets:    
Loan commitment fees 684,516
Total assets 7,500,773 11,670,151
Current liabilities:    
Accounts payable 318,679 534,545
Accrued expenses 694,877 534,256
Total liabilities 1,013,556 1,068,801
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value; 2,000,000 shares authorized, no shares issued or outstanding at December 31, 2023 and June 30, 2023
Common stock, $0.001 par value; 50,000,000 and 40,000,000 shares authorized at December 31, 2023 and June 30, 2023, respectively; 25,933,217 and 25,633,217 shares issued and outstanding at December 31, 2023 and June 30, 2023, respectively 25,934 25,634
Additional paid-in capital 68,861,516 67,777,757
Accumulated deficit (62,400,233) (57,202,041)
Total stockholders’ equity 6,487,217 10,601,350
Total liabilities and stockholders’ equity $ 7,500,773 $ 11,670,151