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Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Mar. 31, 2013
Income Statement [Abstract]        
REVENUES:          $ 10,361
OPERATING EXPENSES:        
Research and development 2,151,225 2,944,587 8,230,733 7,733,670
General and administrative 1,212,513 1,079,197 3,236,093 3,141,751
Total operating expenses 3,363,738 4,023,784 11,466,826 10,875,421
Loss from operations (3,363,738) (4,023,784) (11,466,826) (10,865,060)
OTHER INCOME (EXPENSE):        
Investment income 4,363 9,629 14,613 37,017
Interest expense (182) (1,103) (2,987) (4,746)
Increase in fair value of warrants          (7,069,165)
Gain on disposition of supplies and equipment          4,620
Total other income (expense), net 4,181 8,526 11,626 (7,032,274)
Loss before income taxes (3,359,557) (4,015,258) (11,455,200) (17,897,334)
Income tax benefit 1,846,646    1,846,646 1,753,208
NET LOSS $ (1,512,911) $ (4,015,258) $ (9,608,554) $ (16,144,126)
Basic and diluted net loss per common share $ (0.01) $ (0.04) $ (0.09) $ (0.17)
Weighted average number of common shares outstanding used in computing basic and diluted net loss per common share 106,709,340 106,424,443 106,668,094 94,754,789