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Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
OPERATING EXPENSES        
Research and development $ 1,464,177 $ 1,134,132 $ 4,530,448 $ 3,628,622
General and administrative 643,358 1,408,231 2,139,392 2,536,050
Total operating expenses 2,107,535 2,542,363 6,669,840 6,164,672
LOSS FROM OPERATIONS (2,107,535) (2,542,363) (6,669,840) (6,164,672)
OTHER INCOME (EXPENSE)        
Interest income 2,021 9,264 6,267 15,265
Interest expense (2,516) (44,937) (83,718) (49,068)
Loss on disposal of property and equipment     (2,026) 0
Gain on warrant settlement   614,494 0 614,494
Loss on issuance of Series A preferred stock for accounts payable - related party     0 (142,669)
Change in fair value of derivative liability   (6,119,762)   (5,845,313)
Other (expense) income (495) (5,540,941) (79,477) (5,407,291)
LOSS BEFORE INCOME TAX PROVISION (2,108,030) (8,083,304) (6,749,317) (11,571,963)
INCOME TAX PROVISION 0 0 0 0
NET LOSS $ (2,108,030) $ (8,083,304) $ (6,749,317) $ (11,571,963)
NET LOSS PER COMMON SHARE        
Net loss per common share- basic and diluted $ (0.19) $ (1.24) $ (0.63) $ (2.45)
Weighted average common shares outstanding        
Weighted average common shares outstanding - basic and diluted 10,953,052 6,518,077 10,700,405 4,732,514