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Consolidated Statements of Operations (unaudited) - USD ($)
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
REVENUES    
Product revenue, net $ 4,850,678 $ 1,218,457
License and contract 3,000 250,000
Total revenues 4,853,678 1,468,457
OPERATING EXPENSES    
Cost of products sold 418,470 217,529
Research and development 22,630,577 21,327,434
Selling, general and administrative 15,290,836 16,511,942
Gain on purchase commitment (1,027,322) 0
Total operating expenses 37,312,561 38,056,905
Loss from operations (32,458,883) (36,588,448)
OTHER INCOME (EXPENSE)    
Investment income 691,981 29,963
Foreign currency (loss) gain (429,971) 389,868
Interest expense (20,013) (29,682)
Total other income (expense), net 241,997 390,149
Loss before income taxes (32,216,886) (36,198,299)
Income tax benefit 4,674,999 0
NET LOSS $ (27,541,887) $ (36,198,299)
Basic and diluted net loss per common share $ (2.53) $ (3.79)
Weighted average number of common shares outstanding used in computing basic and diluted net loss per common share (Note 1) 10,890,159 9,543,762