XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Jun. 30, 2021
Current Assets    
Cash $ 5,483,748 $ 6,787,250
Deferred compensation, current portion 662,464 662,464
Prepaids & other current assets 240,788 22,521
Total Current Assets 6,387,000 7,472,235
Equipment 381,629 115,888
Leasehold improvements 316,927 12,420
Accumulated depreciation (16,888)  
Net fixed assets 681,668 128,308
Intangible assets 14,333 14,833
Right of use asset-facility 653,756 729,176
Deferred compensation, long term portion 339,543 673,498
Other assets 13,014 65,069
Total Assets 8,089,313 9,083,119
Current Liabilities    
Accounts payable 85,014 68,575
Accrued expenses & other current liabilities 161,208 61,384
Lease liability-current portion 153,164 157,141
Total Current Liabilities 399,386 287,100
Lease Liability-Long Term Portion 539,110 610,455
Commitments and Contingencies
Total Liabilities 938,496 897,555
Stockholders’ Equity    
Preferred Stock par value $0.0001, 10,000,000 authorized, none issued and outstanding. Common Stock par value $0.0001, 50,000,000 shares authorized, 10,650,002 shares and 10,535,002 issued and outstanding at December 31, 2021 and June 30, 2021, respectively. 1,066 1,054
Additional Paid In Capital 8,607,018 8,415,432
Accumulated Deficit (1,457,267) (230,922)
Total Stockholders’ Equity 7,150,817 8,185,564
Total Liabilities and Stockholders’ Equity $ 8,089,313 $ 9,083,119