XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
OPERATING EXPENSES        
Research and development $ 1,493,200 $ 1,012,085 $ 3,066,271 $ 2,494,490
General and administrative 798,722 622,347 1,496,034 1,127,819
Total operating expenses 2,291,922 1,634,432 4,562,305 3,622,309
LOSS FROM OPERATIONS (2,291,922) (1,634,432) (4,562,305) (3,622,309)
OTHER INCOME (EXPENSE)        
Interest income 1,187 784 4,246 6,001
Interest expense (37,293) (4,131) (81,202) (4,131)
Loss on disposal of property and equipment (2,026)   (2,026) 0
Loss on issuance of Series A preferred stock for accounts payable - related party   (142,669) 0 (142,669)
Change in fair value of derivative liability   (147,078)   274,449
Other (expense) income (38,132) (293,094) (78,982) 133,650
LOSS BEFORE INCOME TAX PROVISION (2,330,054) (1,927,526) (4,641,287) (3,488,659)
INCOME TAX PROVISION 0 0 0 0
NET LOSS $ (2,330,054) $ (1,927,526) $ (4,641,287) $ (3,488,659)
NET LOSS PER COMMON SHARE        
Net loss per common share- basic and diluted $ (0.22) $ (0.50) $ (0.44) $ (0.91)
Weighted average common shares outstanding        
Weighted average common shares outstanding - basic and diluted 10,666,056 3,853,858 10,576,828 3,849,437