Consolidated Balance Sheets (Unuadited) (USD $)	Sep. 30, 2014	Jun. 30, 2014
Current assets:
Cash and cash equivalents	$ 17,787,720	$ 12,184,605
Prepaid expenses and other current assets	473,643	156,393
Total current assets	18,261,363	12,340,998
Property and equipment, net	133,155	160,748
Other assets	57,088	57,308
Total assets	18,451,606	12,559,054
Current liabilities:
Accounts payable	561,361	261,280
Accrued expenses	2,160,407	1,508,958
Deferred revenue	4,932,315	1,000,000
Total current liabilities	7,654,083	2,770,238
Total liabilities	7,654,083	2,770,238
Stockholders' equity:
Preferred stock of $.01 par value - authorized 10,000,000 shares; Series A Convertible; issued and outstanding 4,697 shares as of September 30, 2014 and June 30, 2014, respectively	47	47
Common stock of $.01 par value - authorized 300,000,000 shares; issued and outstanding 39,490,161 shares as of September 30, 2014 and 39,416,595 as of June 30, 2014, respectively	394,901	394,166
Additional paid-in capital	283,641,654	283,428,356
Accumulated deficit	(273,239,079)	(274,033,753)
Total stockholders' equity	10,797,523	9,788,816
Total liabilities and stockholders' equity	$ 18,451,606	$ 12,559,054