XML 17 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
6 Months Ended 12 Months Ended
Dec. 31, 2017
Dec. 31, 2018
Jun. 30, 2017
Costs and Expenses:      
Research and development $ 7,163,530 $ 7,593,715 $ 13,651,987
General and administrative 3,358,091 7,000,444 7,371,885
Total Operating Expenses 10,521,621 14,594,159 21,023,872
Loss from Operations (10,521,621) (14,594,159) (21,023,872)
Other Income (Expense):      
Change in fair value of debt   (108,942)  
Interest on debt   (339,158)  
Change in fair value of derivative instruments-warrants and contingent consideration 1,062,769 5,056,964 4,224,819
Loss before income taxes (9,458,852) (9,985,295) (16,799,053)
Income tax benefit 1,947,760 536,000 1,908,003
Net loss (7,511,092) (9,449,295) (14,891,050)
Series C deemed dividend (see note 6)   (8,451,851)  
Net loss attributable to Common Stockholders $ (7,511,092) $ (17,901,146) $ (14,891,050)
Weighted Average Common Shares Outstanding      
Basic 9,678,329 12,871,530 7,286,304
Diluted 9,678,329 12,871,530 7,292,327
Net loss per Common Share (see note 12)      
Basic $ (0.78) $ (1.39) $ (2.04)
Diluted $ (0.78) $ (1.39) $ (2.41)