Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (8,095,643)	$ (12,128,868)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	56,568	54,778
Accrued interest and amortization on premium/discount	(346)
Gain on sale of supplies and equipment		(4,620)
Stock-based compensation	405,629	325,720
Increase in fair value of warrants		7,069,165
Changes in operating assets and liabilities:
Accounts receivable		(10,360)
Prepaid expenses, restricted cash and other assets	32,470	804,548
Accounts payable	(47,734)	189,921
Accrued expenses, compensation and deferred rent	456,398	(1,616,709)
Unearned revenues	1,000,000
Net cash used in operating activities	(6,192,658)	(5,316,425)
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sale of supplies and equipment	3,750,000
Purchases of property and equipment		4,620
Purchases of investments	(6,239)	(21,774)
Net cash provided by (used in) investing activities	3,743,761	(17,154)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on capital lease obligations	(11,794)	(10,926)
Payment of withholding taxes related to restricted stock units	(25,214)	(34,785)
Proceeds from the sale of common stock units		34,402,768
Net cash (used in) provided by financing activities	(37,008)	34,357,057
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(2,485,905)	29,023,478
CASH AND CASH EQUIVALENTS, beginning of period	19,167,632	3,827,198
CASH AND CASH EQUIVALENTS, end of period	16,681,727	32,850,676
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	$ 2,805	$ 3,534