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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended 180 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2013
Cash flows from operating activities:        
Net loss $ (6,122,542) $ (5,066,133) $ (7,268,976) $ (63,059,296)
Adjustments to reconcile net loss to net cash used in operating activities:        
Noncash capital contribution 0 0 0 85,179
Noncash conversion of accrued expenses into equity 0 0 0 131,250
Noncash income related to change in fair value of warrant liability (371,591) (472,463) (609,239) (9,022,980)
Noncash charge for change in warrant terms 0 0 115,869 115,869
Issuance of common stock and warrants for interest 0 0 0 2,003,386
Issuance of common stock for services 0 0 0 53,800
Stock-based compensation expense 724,693 766,004 750,366 12,830,646
Depreciation and amortization 293,629 258,023 143,274 1,393,934
Write-off of intangibles 64,210 321,137 1,588,087 1,973,434
Deferred rent 0 0 (8,060) 0
Amortization of convertible note discount 0 0 0 10,000,000
Amortization of deferred financing costs 0 0 0 1,227,869
Loss on settlement of warrant liabilities 1,724,546 0 0 1,724,546
Loss on extinguishment of debt 0 0 0 361,877
(Increase) decrease in operating assets:        
Prepaid expenses and other current assets (370,696) (102,460) (141,269) (1,919,220)
Security deposit 0 7,187 (5,171) (5,171)
Increase (decrease) in operating liabilities:        
Accounts payable 42,806 34,989 2,105 637,320
Accrued expenses 112,319 (132,333) 41,572 542,541
Net cash used in operating activities (3,902,626) (4,386,049) (5,391,442) (40,925,016)
Cash flows from investing activities:        
Patent costs (527,761) (446,035) (684,399) (6,752,473)
Purchase of equipment, furniture and fixtures (1,281) (4,461) (2,026) (185,947)
Net cash used in investing activities (529,042) (450,496) (686,425) (6,938,420)
Cash flows from financing activities:        
Proceeds from grant 0 0 0 99,728
Proceeds (repayments) from line of credit (12,026) 0 4,264 2,187,082
Proceeds from issuance of preferred stock and warrants, net 0 0 0 10,754,841
Redemption of convertible notes and warrants 0 0 0 (2,160,986)
Deferred financing costs 0 0 0 (651,781)
Proceeds from issuance of common stock and warrants, net and exercise of warrants and options 4,044,663 3,227,916 1,657,261 29,371,846
Net cash provided by financing activities 4,032,637 3,227,916 1,661,525 49,465,730
Net (decrease) increase in cash and cash equivalents (399,031) (1,608,629) (4,416,342) 1,602,294
Cash and cash equivalents at beginning of period 2,001,325 3,609,954 8,026,296 0
Cash and cash equivalents at end of period 1,602,294 2,001,325 3,609,954 1,602,294
Bridge notes
       
Cash flows from financing activities:        
Proceeds from issuance of notes 0 0 0 525,000
Convertible notes
       
Cash flows from financing activities:        
Proceeds from issuance of notes $ 0 $ 0 $ 0 $ 9,340,000