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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net loss $ (118,762,184) $ (16,228,893)
Adjustments to reconcile net loss to net cash used in operating activities:    
Changes in fair value of warrant liabilities 86,378,330  
Loss on induced exchanges of debt 13,005,329  
Depreciation and amortization 212,535 225,862
Amortization of deferred revenue (16,794) (15,107)
Amortization of bond premiums (14,007) 94,380
Amortization of debt issuance costs 1,569,116 182,454
Amortization of deferred rent (9,066) 24,879
(Gain) loss on sale of marketable securities (286) 15,040
Increase (decrease) in allowance for doubtful accounts 3,218 (10,590)
Non-cash expense related to stock compensation 583,525 774,042
Changes in operating assets and liabilities (3,520,451) (1,870,432)
Net cash used in operating activities (20,570,735) (16,808,365)
Cash flows from investing activities:    
Purchases of marketable securities (244,890)  
Proceeds from sales/maturities of marketable securities 15,124,483 12,712,000
Purchases of property and equipment (788,518) (647,572)
Net cash provided by investing activities 14,091,075 12,064,428
Cash flows from financing activities:    
Sale of common stock and warrants, net of related expenses 5,906,251  
Exercise of stock options 611,670 105,133
Direct cost of raising equity (419,054)  
Tax withholding payments for stock compensation (51,134) (105,229)
Net cash provided by (used in) financing activities 6,047,733 (96)
Effect of changes in exchange rates on cash and cash equivalents (2,353) 5,015
Net decrease in cash and cash equivalents (434,280) (4,739,018)
Cash and cash equivalents beginning of period 43,393,570 13,203,625
Cash and cash equivalents end of period 42,959,290 8,464,607
Supplemental disclosure of cash flow information:    
Interest paid 2,375,000 $ 2,375,000
Schedule of non-cash financing activities:    
Convertible Senior Notes converted to common stock 80,000,000  
Reclass of warrant liability to capital contributed in excess of par $ 11,241,662