Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ 794,674	$ (4,489,182)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	27,593	27,242
Accrued interest and amortization on premium/discount	0	(272)
Stock-based compensation	252,471	203,636
Changes in operating assets and liabilities:
Prepaid expenses, restricted cash and other assets	(9,285)	80,770
Accounts payable	300,081	652,172
Accrued expenses	427,334	480,390
Deferred revenue	3,932,315	1,000,000
Net cash provided by (used in) operating activities	5,725,183	(2,045,244)
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from maturity of investments	0	1,500,000
Purchases of property and equipment	0	(6,239)
Net cash provided by investing activities	0	1,493,761
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on capital lease obligations	0	(5,841)
Payment of withholding taxes related to restricted stock units	(122,068)	(25,215)
Net cash used in financing activities	(122,068)	(31,056)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	5,603,115	(582,539)
CASH AND CASH EQUIVALENTS, beginning of period	12,184,605	19,167,632
CASH AND CASH EQUIVALENTS, end of period	17,787,720	18,585,093
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	$ 1,730	$ 1,851