XML 25 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (USD $)
3 Months Ended 6 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Income Statement [Abstract]        
Revenues $ 6,555 $ 11,492 $ 10,361 $ 38,709
Research and development 2,445,770 2,693,067 4,789,083 4,977,450
General and administrative 1,001,538 1,019,747 2,062,554 2,129,129
Total operating expenses 3,447,308 3,712,814 6,851,637 7,106,579
Loss from operations (3,440,753) (3,701,322) (6,841,276) (7,067,870)
Investment income 13,016 7,234 27,387 22,274
Interest expense (1,360) (1,847) (3,642) (4,820)
Increase in fair value of warrants       (7,069,165)   
Gain on disposition of supplies and equipment    3,000 4,620 3,000
Total other income (expense), net 11,656 8,387 (7,040,800) 20,454
Loss before income taxes (3,429,097) (3,692,935) (13,882,076) (7,047,416)
Income tax benefit 1,753,208 1,068,233 1,753,208 1,068,233
NET LOSS $ (1,675,889) $ (2,624,702) $ (12,128,868) $ (5,979,183)
Basic and diluted net loss per common share $ (0.02) $ (0.08) $ (0.14) $ (0.17)
Weighted average number of common shares outstanding used in computing basic and diluted net loss per common share 106,424,443 34,900,591 89,046,806 34,900,591