Accounting for Share-Based Payments (Tables)

12 Months Ended

Dec. 31, 2018

Accounting for Share-Based Payments

Schedule of stock based compensation expense

			For the transition
	Year ended		Period ended
	December 31, 2018		December 31, 2017
General and administrative	$	271,644	$	509,072
Research and development		(37,134)		236,669
Total stock-based compensation expense	$	234,510	$	745,741

Summary of stock option activity and of changes in stock options outstanding under the Plan

							Weighted			Weighted
							Average			Average
	Number of	Exercise Price					Exercise Price		Intrinsic	Remaining
	Options	Per Share					Per Share		Value	Contractual Term
Balance outstanding, June 30, 2017	810,148	$	0.88	-	$	30.64	$	12.32	301,011	7.72	years
Granted	45,000	$	2.96	-	$	4.96	$	4.16
Cancelled	(2,500)	$	4.00	-	$	4.96	$	4.48
Balance outstanding, December 31, 2017	852,648	$	0.88	-	$	30.64	$	11.84	5,958	7.00	years
Forfeited	(126,184)	$	2.96	-	$	16.08	$	9.44
Cancelled	(83,868)	$	4.64	-	$	20.48	$	1.82
Balance outstanding, December 31, 2018	642,596	$	0.88	-	$	30.64	$	12.32		6.02	years
Vested awards and those expected to vest at December 31, 2018	639,940	$	0.88	-	$	30.64	$	12.66	—	6.06	years
Vested and exercisable at December 31, 2018	616,115	$	0.88	-	$	30.64	$	12.82	—	6.02	years

Schedule of weighted-average assumptions used to estimate fair value of stock option awards granted to employees

	For the transition
	period ended			Year Ended
	December 31, 2017			June 30, 2017
Stock price	$	4.16		$	11.12
Risk-free interest rate		1.64	%		1.86	%
Dividend yield		—			—
Expected volatility		73.05	%		79.18	%
Expected term (in years)		6	years		6	years