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Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2019
Jun. 30, 2019
Current assets:    
Cash and cash equivalents $ 96,698,232 $ 43,510,422
Accounts receivable 97,379 60,265,970
Prepaid expenses and other current assets 597,853 637,289
Total current assets 97,393,464 104,413,681
Property and equipment, net 186,166 141,539
Right-of-use assets 213,065 0
Other assets 179,916 179,916
Total assets 97,972,611 104,735,136
Current liabilities:    
Accounts payable 57,823 504,787
Accrued expenses 1,579,460 2,848,692
Notes payable, net of discount 0 332,896
Other current liabilities 213,065 499,517
Total liabilities 1,850,348 4,185,892
Stockholders' equity:    
Preferred stock of $0.01 par value - authorized 10,000,000 shares; shares issued and outstanding designated as follows: Series A Convertible: authorized 264,000 shares: issued and outstanding 4,030 shares as of September 30, 2019 and June 30, 2019 40 40
Common stock of $0.01 par value - authorized 300,000,000 shares: issued and outstanding 227,697,257 shares as of September 30, 2019 and 226,815,363 shares as of June 30, 2019 2,276,973 2,268,154
Additional paid-in capital 394,119,078 394,053,929
Accumulated deficit (300,273,828) (295,772,879)
Total stockholders' equity 96,122,263 100,549,244
Total liabilities and stockholders' equity $ 97,972,611 $ 104,735,136