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Statements of Operations - USD ($)
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
OPERATING EXPENSES      
Research and development $ 4,695,524 $ 5,921,720 $ 5,913,720
General and administrative 3,300,935 2,737,962 3,411,449
Total operating expenses 7,996,459 8,659,682 9,325,169
LOSS FROM OPERATIONS (7,996,459) (8,659,682) (9,325,169)
OTHER INCOME (EXPENSE):      
Interest income 17,079 55,497 100,429
Interest expense (93,670) 0 (185,274)
Gain on warrant settlement 614,494 0 0
Loss on issuance of Series A preferred stock for accounts payable - related party (142,669) 0 0
Loss on extinguishment of debt   0 (1,348,247)
Discount on convertible debentures   0 (359,214)
Change in fair value of derivatives (5,845,313) 179,745 2,554,020
Other (expense) income, net (5,450,079) 235,242 761,714
LOSS BEFORE INCOME TAX PROVISION (13,446,538) (8,424,440) (8,563,455)
INCOME TAX PROVISION   0 0
NET LOSS $ (13,446,538) $ (8,424,440) $ (8,563,455)
NET LOSS PER COMMON SHARE      
Net loss per common share- basic and diluted $ (2.39) $ (2.35) $ (2.64)
Weighted average common shares outstanding      
Weighted average common shares - basic and diluted 5,616,728 3,590,070 3,246,043