XML 42 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
OPERATING EXPENSES        
Research and development $ 1,012,085 $ 1,657,838 $ 2,494,490 $ 3,024,779
General and administrative 622,347 711,360 1,127,819 1,383,517
Total operating expenses 1,634,432 2,369,198 3,622,309 4,408,296
LOSS FROM OPERATIONS (1,634,432) (2,369,198) (3,622,309) (4,408,296)
OTHER INCOME (EXPENSE):        
Interest income 784 15,565 6,001 37,749
Interest expense (4,131) 0 (4,131) 0
Loss on issuance of Series A preferred stock for accounts payable - related party (142,669) 0 (142,669) 0
Change in fair value of derivative (147,078) 122,541 274,449 298,092
Other (expense) income (293,094) 138,206 133,650 335,841
LOSS BEFORE INCOME TAX PROVISION (1,927,526) (2,230,992) (3,488,659) (4,072,455)
INCOME TAX PROVISION 0 0 0 0
NET LOSS $ (1,927,526) $ (2,230,992) $ (3,488,659) $ (4,072,455)
NET LOSS PER COMMON SHARE        
Net loss per common share- basic and diluted $ (0.50) $ (0.64) $ (0.91) $ (1.18)
Weighted average common shares outstanding        
Weighted average common shares outstanding- basic and diluted 3,853,858 3,469,193 3,849,437 3,464,246