| Income Statement (Quarterly) | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 |
| Cost of Revenue | 57,344 | 57,344 | 57,344 | 57,344 |
| Gross Profit | -57,344 | -57,344 | -57,344 | -57,344 |
| Operating Expenses | ||||
| R&D Expenses | 0 | 0 | 0 | 0 |
| SG&A Expenses | 1,586,000 | 2,531,000 | 2,075,000 | 2,679,000 |
| Operating Expenses | 2,931,000 | 7,235,000 | 4,065,000 | 4,790,000 |
| Operating Income | -2,988,000 | -7,293,000 | -4,122,000 | -4,790,000 |
| Interest Expense | 4,998 | 66,700 | 256,024 | 439,943 |
| Income Before Tax | -2,788,000 | -7,157,000 | -4,152,000 | -4,941,000 |
| Income Tax Expense | 0 | -7,157,000 | 0 | 0 |
| Net Income | -2,788,000 | -7,157,000 | -4,152,000 | -4,941,000 |
| Per Share | ||||
| EPS | -0.15 | -0.46 | -0.70 | -0.81 |
| EPS Diluted | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Statement (Annual) | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| Cost of Revenue | 0 | 229,377 | 266,842 | 237,421 | 0 |
| Gross Profit | 0 | -229,000 | -267,000 | -237,421 | 0 |
| Operating Expenses | |||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 8,570,089 | 8,850,000 | 11,552,000 | 9,765,259 | 0 |
| Operating Expenses | 17,836,823 | 31,950,000 | 45,080,000 | 27,252,977 | 138,054,139 |
| Operating Income | -18,066,200 | -32,180,000 | -45,080,000 | -27,252,977 | -138,054,139 |
| Interest Expense | 332,720 | 2,894,000 | 4,300,000 | 2,162,989 | 559,455 |
| Income Before Tax | -17,911,585 | -32,121,000 | -50,256,000 | -26,084,468 | -130,249,204 |
| Income Tax Expense | 0 | 0 | 4,300,000 | -3,287,418 | 0 |
| Net Income | -17,911,585 | -32,121,000 | -50,256,000 | -22,797,050 | -130,249,204 |
| Per Share | |||||
| EPS | -12.12 | -3.55 | -7.73 | -0.92 | -10.50 |
| EPS Diluted | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Balance Sheet (Quarterly) | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|
| Assets | ||||
| Cash and Cash Equivalents | 17,544,547 | 23,843,798 | 19,460,883 | 18,641,716 |
| Short Term Investments | 0 | 0 | 14,477,726 | 0 |
| Net Receivables | 2,104,000 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 |
| Total Current Assets | 20,698,494 | 24,048,190 | 34,041,135 | 18,779,595 |
| Property Plant Equipment | 339,653 | 406,726 | 80,789 | 118,254 |
| Goodwill and Intangibles | 524,052 | 753,429 | 982,806 | 1,212,183 |
| Total Assets | 21,562,199 | 25,208,345 | 35,104,730 | 20,114,594 |
| Liabilities | ||||
| Account Payables | 0 | 3,586,912 | 3,476 | 2,443 |
| Short Term Debt | 74,464 | 5,761,553 | 9,149,983 | 38,884 |
| Total Current Liabilities | 2,274,784 | 9,352,236 | 14,494,669 | 4,169,174 |
| Long Term Debt | 275,430 | 349,894 | 5,269,775 | 12,226,100 |
| Total Liabilities | 2,550,214 | 9,702,130 | 19,764,444 | 16,443,659 |
| Shareholders Equity | ||||
| Retained Earnings | -352,144,246 | -334,232,661 | -301,225,705 | -250,969,890 |
| Total Shareholders Equity | 19,011,985 | 15,506,215 | 15,340,286 | 3,670,935 |
| Balance Sheet (Annual) | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
|---|---|---|---|---|---|
| Assets | |||||
| Cash and Cash Equivalents | 17,544,547 | 23,843,798 | 19,460,883 | 18,641,716 | 4,511,642 |
| Short Term Investments | 0 | 0 | 14,477,726 | 0 | 0 |
| Net Receivables | 2,104,000 | 0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 20,698,494 | 24,048,190 | 34,041,135 | 18,779,595 | 4,605,129 |
| Property Plant Equipment | 339,653 | 406,726 | 80,789 | 118,254 | 0 |
| Goodwill and Intangibles | 524,052 | 753,429 | 982,806 | 1,212,183 | 1,441,560 |
| Total Assets | 21,562,199 | 25,208,345 | 35,104,730 | 20,114,594 | 6,046,689 |
| Liabilities | |||||
| Account Payables | 0 | 3,586,912 | 3,476 | 2,443 | 0 |
| Short Term Debt | 74,464 | 5,761,553 | 9,149,983 | 38,884 | 0 |
| Total Current Liabilities | 2,274,784 | 9,352,236 | 14,494,669 | 4,169,174 | 996,374 |
| Long Term Debt | 275,430 | 349,894 | 5,269,775 | 12,226,100 | 0 |
| Total Liabilities | 2,550,214 | 9,702,130 | 19,764,444 | 16,443,659 | 996,374 |
| Shareholders Equity | |||||
| Retained Earnings | -352,144,246 | -334,232,661 | -301,225,705 | -250,969,890 | -224,885,422 |
| Total Shareholders Equity | 19,011,985 | 15,506,215 | 15,340,286 | 3,670,935 | 5,050,315 |
| Cash Flow Statement (Quarterly) | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | -17,542,120 | -32,120,533 | -50,255,815 | -26,084,468 |
| Depreciation & Amortization | 229,377 | 229,377 | 229,377 | 229,377 |
| Stock Based Compensation | 2,471,936 | 4,660,114 | 6,375,392 | 6,194,079 |
| Change in Working Capital | -4,396,490 | -86,843 | -270,439 | 2,750,786 |
| Operating Cash Flow | -19,025,205 | -27,945,024 | -40,252,881 | -18,990,850 |
| Investing Activities | ||||
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| Investing Cash Flow | 0 | 14,525,000 | -14,301,135 | 0 |
| Financing Activities | ||||
| Debt Repayment | -5,850,000 | 0 | 0 | -14,609,900 |
| Common Stock Issued/Repurchased | 15,674,613 | 27,802,939 | 55,370,943 | 18,511,009 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Financing Cash Flow | 12,725,954 | 17,802,939 | 55,373,183 | 33,120,924 |
| Summary | ||||
| Free Cash Flow | -19,025,205 | -27,945,024 | -40,252,881 | -18,990,850 |
| Net Change in Cash | -6,299,251 | 4,382,915 | 819,167 | 14,130,074 |
| Cash Flow Statement (Annual) | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -17,542,120 | -32,120,533 | -50,255,815 | -26,084,468 | -130,249,204 |
| Depreciation & Amortization | 229,377 | 229,377 | 229,377 | 229,377 | 229,377 |
| Stock Based Compensation | 2,471,936 | 4,660,114 | 6,375,392 | 6,194,079 | 3,019,809 |
| Change in Working Capital | -4,396,490 | -86,843 | -270,439 | 2,750,786 | 19,466 |
| Operating Cash Flow | -19,025,205 | -27,945,024 | -40,252,881 | -18,990,850 | -10,453,047 |
| Investing Activities | |||||
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | 0 | 14,525,000 | -14,301,135 | 0 | 0 |
| Financing Activities | |||||
| Debt Repayment | -5,850,000 | 0 | 0 | -14,609,900 | -1,821,818 |
| Common Stock Issued/Repurchased | 15,674,613 | 27,802,939 | 55,370,943 | 18,511,009 | 15,628,010 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Financing Cash Flow | 12,725,954 | 17,802,939 | 55,373,183 | 33,120,924 | 14,927,494 |
| Summary | |||||
| Free Cash Flow | -19,025,205 | -27,945,024 | -40,252,881 | -18,990,850 | -10,453,047 |
| Net Change in Cash | -6,299,251 | 4,382,915 | 819,167 | 14,130,074 | 4,474,447 |