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Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
REVENUES        
Contract $ 11,492 $ 195,408 $ 38,709 $ 411,555
Grant    846,768    846,768
Total revenues 11,492 1,042,176 38,709 1,258,323
Research and development 2,693,067 1,984,440 4,977,450 5,437,202
General and administrative 1,019,747 889,476 2,129,129 2,271,252
Total operating expenses 3,712,814 2,873,916 7,106,579 7,708,454
Loss from operations (3,701,322) (1,831,740) (7,067,870) (6,450,131)
Investment income 7,234 32,986 22,274 53,361
Interest expense (1,847) (1,329) (4,820) (3,633)
Gain on sale of securities    60,390    60,390
Gain on sale of supplies and equipment 3,000 1,800 3,000 1,800
Total other income, net 8,387 93,847 20,454 111,918
Loss before income taxes (3,692,935) (1,737,893) (7,047,416) (6,338,213)
Income tax benefit 1,068,233 637,391 1,068,233 637,391
NET LOSS $ (2,624,702) $ (1,100,502) $ (5,979,183) $ (5,700,822)
Basic and diluted net loss per common share $ (0.08) $ (0.09) $ (0.17) $ (0.48)
Weighted average number of common shares outstanding used in computing basic and diluted net loss per common share 34,900,591 11,839,309 34,900,591 11,785,470