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Statements of Operations (USD $)
3 Months Ended 9 Months Ended 107 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
OPERATING EXPENSES          
Research and development $ 625,737 $ 1,359,205 $ 2,930,436 $ 3,279,220 $ 25,734,496
Refund credit research and development costs 0 0 0 0 (420,842)
General and administrative 607,628 831,353 1,943,123 1,748,582 14,957,971
Total operating expenses 1,233,365 2,190,558 4,873,559 5,027,802 40,271,625
LOSS FROM OPERATIONS (1,233,365) (2,190,558) (4,873,559) (5,027,802) (40,271,625)
OTHER INCOME (EXPENSE):          
Interest income 54,789 0 78,850   346,548
Interest expense (2,725,716) (822,278) (2,972,216) (770,825) (3,149,254)
Amortization of discount on convertible debentures (143,051) 0 (419,305) 0 (1,407,738)
Beneficial conversion feature of convertible debentures 0 0 0 0 (713,079)
Change in fair market value of derivatives 3,752,933 (669,753) (73,342) (896,302) (1,364,208)
Other income (expense), net 938,955 (1,492,031) (3,386,013) (1,667,127) (6,287,731)
LOSS BEFORE INCOME TAX PROVISION (294,410) (3,682,589) (8,259,572) (6,694,929) (46,559,356)
INCOME TAX PROVISION 0 0 0 0 0
NET LOSS $ (294,410) $ (3,682,589) $ (8,259,572) $ (6,694,929) $ (46,559,356)
NET LOSS PER COMMON SHARE - BASIC AND DILUTED: (in dollars per share) $ (0.01) $ (0.08) $ (0.16) $ (0.15)  
Weighted average common shares outstanding - basic and diluted (in shares) 53,318,736 46,701,410 50,307,984 45,686,379