XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Balance Sheets - USD ($)
Jun. 30, 2020
Jun. 30, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 13,708,594 $ 2,555,207
Prepaid expenses 277,063 270,214
Total current assets 13,985,657 2,825,421
PROPERTY AND EQUIPMENT    
Property and equipment 14,100,815 14,092,177
Accumulated depreciation (4,556,384) (3,864,930)
Property and equipment, net 9,544,431 10,227,247
TRADEMARK AND PATENTS    
Trademark and patents 458,954 458,954
Accumulated amortization (100,566) (92,296)
Trademark and patents, net 358,388 366,658
OTHER ASSETS    
Security deposits 3,515 3,515
Deferred equity financing costs 12,190 0
Service agreements 10,158 25,672
Other assets 25,863 29,187
Total assets 23,914,339 13,448,513
CURRENT LIABILITIES:    
Mortgage note payable - related party 1,081,987 0
Accounts payable 380,727 309,893
Accounts payable - related party 561,580 823,783
Loan payable 62,843 0
Accrued expenses 69,240 68,871
Total current liabilities 2,156,377 2,848,153
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
Common stock, $0.001 par value; 150,000,000 shares authorized, 9,083,414, and 3,844,921 shares issued and outstanding at June 30, 2020 and 2019, respectively 9,083 3,845
Additional paid-in capital 127,311,634 102,712,845
Accumulated deficit (105,563,124) (92,116,586)
Total stockholders' equity 21,757,962 10,600,360
Total liabilities and stockholders' equity 23,914,339 13,448,513
Derivative liability - Old Warrants    
CURRENT LIABILITIES:    
Derivative liability - warrants   1,645,606
Series A Convertible Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Series A convertible preferred stock, $0.001 par value, 10,000,000 shares designated, 368,602 and 255,714 shares issued and outstanding, at June 30, 2020 and 2019, respectively $ 369 $ 256