Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Income Statement [Abstract]
REVENUES:	$ 8,019,415	$ 0	$ 12,951,730	$ 0
OPERATING EXPENSES:
Research and development	4,273,571	2,630,368	7,197,537	6,079,508
General and administrative	1,423,206	980,070	2,537,667	2,023,580
Total operating expenses	5,696,777	3,610,438	9,735,204	8,103,088
Income (loss) from operations	2,322,638	(3,610,438)	3,216,526	(8,103,088)
OTHER INCOME (EXPENSE):
Investment income	6,199	4,931	9,998	10,250
Interest expense	(31,857)	(954)	(33,587)	(2,805)
Foreign exchange transaction loss	(51,700)	0	(152,983)	0
Total other (expense) income, net	(77,358)	3,977	(176,572)	7,445
Income (loss) before income taxes	2,245,280	(3,606,461)	3,039,954	(8,095,643)
Income tax benefit	531,508	0	531,508	0
NET INCOME (LOSS)	$ 2,776,788	$ (3,606,461)	$ 3,571,462	$ (8,095,643)
Basic net income (loss) per common share	$ 0.03	$ (0.03)	$ 0.03	$ (0.08)
Diluted net income (loss) per common share	$ 0.03	$ (0.03)	$ 0.03	$ (0.08)
Weighted average number of common shares outstanding used in computing basic net income (loss) per common share	109,314,460	106,668,186	108,134,179	106,638,953
Weighted average number of common shares outstanding used in computing diluted net income (loss) per common share	109,815,718	106,668,186	108,888,313	106,638,953