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Stock-Based Compensation (Tables)
9 Months Ended
Mar. 31, 2024
Stock-Based Compensation [Abstract]  
Schedule of Stock Option Activity The following is a summary of stock option activity transactions as of and for the period ended June 30, 2023 and March 31, 2024:
   Number of
options
   Weighted
average
exercise
price
   Weighted
average
fair value
per option
 
Outstanding at June 30, 2023   
-
   $
-
   $
-
 
Granted   3,072,500   $9.63   $5.44 
Exercised   
-
   $
-
   $
-
 
Expired   
-
   $
-
   $
-
 
Forfeiture   165,000   $9.76   $5.54 
Outstanding at March 31, 2024   2,907,500   $9.63   $5.43 
Schedule of Options were Valued using the Binomial Option Pricing Model The options granted during the nine months ended March 31, 2024 were valued using the binomial option pricing model based on the following range of assumptions:
   Nine months
ended
March 31,
2023
 
Risk-free interest rate   4.062% - 4.812% 
Time to expiry   4 - 10 years 
Expected volatility   50% - 55% 
Expected dividend yield   0% 

 

Schedule of Awards Granted to Employees RSUs are accounted for as equity using the fair value method, which requires measurement and recognition of compensation expense for all awards granted to employees, directors and consultants based upon the grant-date fair value.
   Shares   Weighted average
grant date
fair value
 
Unvested, June 30, 2023   
-
   $
-
 
Granted   637,235    9.46 
Vested   
-
    
-
 
Canceled and forfeited   (43,833)   9.76 
Unvested, March 31, 2024   593,402   $9.44 
Schedule of Allocation of Stock-Based Compensation The following table summarizes the allocation of stock-based compensation in the accompanying consolidated statements of operations and comprehensive loss:
   Three months ended
March 31,
   Nine months ended
March 31,
 
   2023   2024   2023   2024 
General and administrative expenses  $
     -
   $1,809,204   $
     -
   $4,611,237 
Sales and marketing expenses   
-
    32,188    
-
    80,635 
Total  $
-
   $1,841,392   $
-
   $4,691,872