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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Jun. 30, 2021
Current assets:    
Cash and cash equivalents $ 47,325,547 $ 60,104,919
Accounts receivable 583,991 1,580,443
Inventories 1,078,896 1,162,000
Prepaid expenses and other current assets 2,379,693 3,059,679
Total current assets 51,368,127 65,907,041
Property and equipment, net 511,316 94,817
Right-of-use assets 1,058,241 1,237,813
Other assets 56,916 56,916
Total assets 52,994,600 67,296,587
Current liabilities:    
Accounts payable 160,180 640,650
Accrued expenses 6,178,200 5,797,378
Short-term operating lease liabilities 360,655 351,853
Short-term finance lease liabilities 96,924 0
Other current liabilities 7,068,033 3,721,907
Total current liabilities 13,863,992 10,511,788
Long-term operating lease liabilities 715,893 900,520
Long-term finance lease liabilities 204,908 0
Other long-term liabilities 3,013,500 6,232,907
Total liabilities 17,798,293 17,645,215
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 December 31, 2021 and June 30, 2021 40 40
Common stock of $0.01 par value - authorized 300,000,000 shares: issued and outstanding 231,695,273 shares as of December 31, 2021 and 230,049,691 shares as of June 30, 2021 2,316,953 2,300,497
Additional paid-in capital 400,473,806 399,146,232
Accumulated deficit (367,594,492) (351,795,397)
Total stockholders' equity 35,196,307 49,651,372
Total liabilities and stockholders' equity $ 52,994,600 $ 67,296,587