XML 16 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2016
Sep. 30, 2015
REVENUES:    
License revenue $ 0 $ 0
OPERATING EXPENSES:    
Research and development 11,226,084 10,597,714
General and administrative 1,209,346 1,199,937
Total operating expenses 12,435,430 11,797,651
Loss from operations (12,435,430) (11,797,651)
OTHER (EXPENSE) INCOME:    
Interest income 6,645 15,740
Interest expense (623,985) (628,008)
Total other income (expense), net (617,340) (612,268)
NET LOSS $ (13,052,770) $ (12,409,919)
Basic and diluted net loss per common share $ (.08) $ (.08)
Weighted average number of common shares outstanding used in computing basic and diluted net loss per common share 165,848,269 156,176,618