Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets (Unaudited)

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Condensed Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2024
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 5,147,139 $ 11,247,403
Prepaid expenses 223,676 422,748
Total current assets 5,370,815 11,670,151
Other assets:    
Loan commitment fees 624,820
Total assets 5,995,635 11,670,151
Current liabilities:    
Accounts payable 384,920 534,545
Accrued expenses 625,401 534,256
Total liabilities 1,010,321 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 March 31, 2024 and June 30, 2023
Common stock, $0.001 par value; 50,000,000 and 40,000,000 shares authorized at March 31, 2024 and June 30, 2023, respectively; 25,933,217 and 25,633,217 shares issued and outstanding at March 31, 2024 and June 30, 2023, respectively 25,934 25,634
Additional paid-in capital 69,013,155 67,777,757
Accumulated deficit (64,053,775) (57,202,041)
Total stockholders’ equity 4,985,314 10,601,350
Total liabilities and stockholders’ equity $ 5,995,635 $ 11,670,151