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Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Research and development        
Compensation and benefits $ 1,909,518 $ 1,142,198 $ 3,213,358 $ 2,007,401
Consultants and outside costs 194,783 340,289 466,258 604,280
Material manufacturing costs 567,430 755,464 1,079,137 1,375,511
Facilities and other costs 403,648 285,926 802,555 504,951
Research and development 3,075,379 2,523,877 5,561,308 4,492,143
General and administrative        
Compensation and benefits 1,285,052 1,170,679 2,151,953 2,117,850
Professional fees 139,865 116,112 286,016 238,173
Investor relations 87,428 57,402 155,535 114,320
General and administrative 301,520 198,466 558,115 403,649
General and administrative 1,813,865 1,542,659 3,151,619 2,873,992
Total operating expenses 4,889,244 4,066,536 8,712,927 7,366,135
Loss from operations (4,889,244) (4,066,536) (8,712,927) (7,366,135)
Other income (expense)        
Interest income 0 193 0 964
Interest expense 0 (1,379) (1,595) (2,992)
Derivative gains 1,313 1,729 10,725 14,316
Total other income (expense) 1,313 543 9,130 12,288
Net loss $ (4,887,931) $ (4,065,993) $ (8,703,797) $ (7,353,847)
Net loss per common share - basic and diluted $ (0.12) $ (0.17) $ (0.23) $ (0.3)
Weighted average number of common shares outstanding - basic and diluted 40,788,241 24,338,219 38,091,406 24,338,219