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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
Licensing Revenue $ 75,000 $ 75,000 $ 100,000
Operating expenses:      
General and administrative 1,606,043 3,170,499 3,683,350
Research and development 2,182,989 4,568,435 3,338,687
Acquisition Costs 0 0 544,978
Impairment of goodwill 5,780,951 8,121,966 0
Impairment of acquired R&D 1,700,000 0 0
Impairment and write-off of patents 0 2,290,836 1,680,781
Total operating expenses 11,269,983 18,151,736 9,247,796
Loss from operations (11,194,983) (18,076,736) (9,147,796)
Other non-operating income (expense)      
Change in fair value of stock right 254,027 12,405 0
Change in fair value of warrant liability 1,993,560 3,313 0
Interest expense (533) (2,767) (77,438)
Net loss before income tax benefit (8,947,929) (18,063,785) (9,225,234)
Income tax benefit 680,000 0 0
Net Loss (8,267,929) (18,063,785) (9,225,234)
Preferred dividends (179,154) (838,925) (4,629,197)
Loss applicable to common shares (8,447,083) (18,902,710) (13,854,431)
Other comprehensive loss 0 0 0
Comprehensive loss $ (8,447,083) $ (18,902,710) $ (13,854,431)
Basic and diluted net loss per common share $ (0.42) $ (1.31) $ (2.53)
Basic and diluted weighted-average number of common shares outstanding 20,322,714 14,417,029 5,476,717