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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (8,703,797) $ (7,353,847)
Amortization of intangible asset 3,646 3,646
Depreciation expense 546,429 220,537
Stock-based compensation expense 2,125,966 1,965,993
Derivative gains (10,725) (14,316)
Warrant expense 0 21,092
Changes in operating assets and liabilities:    
Decrease in other assets 29,153 65,739
Increase in accounts payable and accrued expenses 12,097 295,965
(Decrease) increase in interest payable (2,800) 1,000
Decrease in deferred lease liability (58,924) (4,098)
Net Cash Used In Operating Activities (6,058,955) (4,798,289)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of fixed assets (272,587) (1,257,542)
Return of security deposit 187,500 187,500
Decrease in restricted cash 0 450,167
Net Cash Used In Investing Activities (85,087) (619,875)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on lease payable (23,128) (46,453)
Proceeds from issuance of equity financing 6,361,499 2,000,115
Payment of placement agent compensation and issuance costs (683,194) (105,715)
Net Cash Provided by Financing Activities 5,655,177 1,847,947
Net decrease in cash (488,865) (3,570,217)
Cash - Beginning of Period 4,062,013 5,278,706
Cash - End of Period 3,573,148 1,708,489
Cash Paid During the Period for:    
Taxes 0 0
Interest 0 0
Non-Cash Transactions:    
Fixed assets acquired through accounts payable and accrued expenses 18,016 511,563
Warrant value recorded as issuance costs 516,550 90,852
Conversion of note payable into common stock 50,000 0
Conversion of interest payable into common stock $ 9,517 $ 0