Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ (25,659,603)	$ 3,571,462
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation and amortization	22,193	55,185
Non-cash interest expense	161,478	8,486
Stock-based compensation	800,748	512,390
Changes in operating assets and liabilities:
Accounts receivable	0	(3,035,400)
Prepaid expenses and other assets	229,186	(1,255,646)
Accounts payable	1,269,795	1,152,758
Accrued expenses	(445,111)	1,412,699
Deferred revenue	0	(1,000,000)
Other non-current liabilities	173,913	0
Net cash (used in) provided by operating activities	(23,447,401)	1,421,934
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of investments	(1,387,022)	0
Purchases of property and equipment	(17,695)	0
Net cash used in investing activities	(1,404,717)	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on capital lease obligations	(12,748)	0
Payment of withholding taxes related to restricted stock units	(131,959)	(122,067)
Proceeds from the sale of warrants, net of costs	19,834,278	19,348,000
Proceeds from the issuance of notes payable and warrants	10,000,000	10,000,000
Payment of debt issuance costs	(146,115)	(138,000)
Net cash provided by financing activities	29,543,456	29,087,933
NET INCREASE IN CASH AND CASH EQUIVALENTS	4,691,338	30,509,867
CASH AND CASH EQUIVALENTS, beginning of period	27,299,268	12,184,605
CASH AND CASH EQUIVALENTS, end of period	31,990,606	42,694,472
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	922,111	2,601
Issuance of warrants in connection with debt financing	305,196	267,820
Unrealized loss on available-for-sale investments	9,389	0
Interest accrued on long-term debt	0	22,500
Equipment acquired under capital lease	0	80,000
Non-cash equity financing costs in accounts payable	0	490,000
Non-cash equity financing costs in accrued expenses	0	285,000
Non-cash debt financing costs in accounts payable	0	10,000
Non-cash debt financing costs in accrued expenses	$ 0	$ 60,000