Balance Sheets (USD $)	Mar. 31, 2015	Jun. 30, 2014
Current assets
Cash and cash equivalents	$ 1,491,202	$ 2,639,650
Accounts receivable	1,036
Inventory	11,233
Prepaid expenses	25,000	521,322
Prepaid research and development-related party (Note 9)	121,983	121,983
Deferred tax asset		31,762
Total current assets	1,650,454	3,314,717
Fixed assets, net (Note 2)	36,591	57,246
In-process research and development	7,500,000	7,500,000
Patents, net	646,472	699,563
Long-term portion of prepaid research and development-related party (Note 9)	365,950	457,438
Deposits	1,998
Total non current assets	8,551,011	8,714,247
Total assets	10,201,465	12,028,964
Current liabilities
Accounts payable	546,346	649,504
Accrued liabilities-related party (Note 9)		150,000
Accrued compensation	98,949
Deferred revenue	85,714	85,714
Payable to Ampio	468,550	861,059
Notes to Ampio	8,000,000	4,300,000
Accrued interest to Ampio	3,329	46,002
Total current liabilities	9,202,888	6,092,279
Long-term deferred revenue	447,321	511,607
Noncurrent deferred tax liability		55,672
Total liabilities	9,650,209	6,659,558
Commitments and contingencies (Note 6)
Stockholders' equity
Common stock	4,465	4,465
Additional paid-in capital	13,156,590	12,406,780
Accumulated deficit	(12,609,799)	(7,041,839)
Total stockholders' equity	551,256	5,369,406
Total liabilities and stockholders' equity	$ 10,201,465	$ 12,028,964