Consolidated Balance Sheets (Unuadited) (USD $)	Mar. 31, 2015	Jun. 30, 2014
Current assets:
Cash and cash equivalents	$ 36,729,174	$ 12,184,605
Prepaid expenses and other current assets	1,971,572	156,393
Total current assets	38,700,746	12,340,998
Property and equipment, net	153,971	160,748
Other assets	173,518	57,308
Total assets	39,028,235	12,559,054
Current liabilities:
Accounts payable	2,325,778	261,280
Accrued expenses	2,839,406	1,508,958
Capital lease obligations	25,497	0
Deferred revenue	0	1,000,000
Total current liabilities	5,190,681	2,770,238
Notes payable, net of discount	9,757,797	0
Capital lease obligations	48,358	0
Other non-current liabilities	47,827	0
Total liabilities	15,044,663	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 March 31, 2015 and June 30, 2014, respectively	47	47
Common stock of $.01 par value - authorized 300,000,000 shares; issued and outstanding 42,155,105 shares as of March 31, 2015 and 39,416,595 as of June 30, 2014, respectively	421,551	394,166
Additional paid-in capital	303,174,803	283,428,356
Accumulated deficit	(279,612,829)	(274,033,753)
Total stockholders' equity	23,983,572	9,788,816
Total liabilities and stockholders' equity	$ 39,028,235	$ 12,559,054