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Consolidated Balance Sheets - USD ($)
Jun. 30, 2019
Jun. 30, 2018
Current assets:    
Cash and cash equivalents $ 43,510,422 $ 38,000,171
Accounts receivable 60,265,970 0
Prepaid expenses and other current assets 637,289 513,688
Total current assets 104,413,681 38,513,859
Property and equipment, net 141,539 164,035
Other assets 179,916 338,916
Total assets 104,735,136 39,016,810
Current liabilities:    
Accounts payable 504,787 2,223,693
Accrued expenses 2,848,692 2,103,021
Notes payable, net of discount 332,896 5,948,763
Other current liabilities 499,517 487,488
Total current liabilities 4,185,892 10,762,965
Notes payable, net of discount 0 332,898
Deferred revenue 0 500,000
Other non-current liabilities 0 456,038
Total liabilities 4,185,892 12,051,901
Commitments and contengencies (Note 12)
Stockholders' deficiency:    
Preferred stock of $0.01 par value, authorized 10,000,000 shares: Series A Convertible: authorized 264,000 shares: issued and outstanding 4,030 shares as of June 30, 2019 and June 30, 2018 40 40
Common stock of $0.01 par value, authorized 300,000,000 shares; issued and outstanding 226,815,363 shares as of June 30, 2019 and 200,554,205 shares as of June 30, 2018 2,268,154 2,005,542
Additional paid-in capital 394,053,929 357,005,233
Accumulated deficit (295,772,879) (332,045,906)
Total stockholders' (deficiency) equity 100,549,244 26,964,909
Total liabilities and stockholders' equity $ 104,735,136 $ 39,016,810