XML 43 R30.htm IDEA: XBRL DOCUMENT v3.19.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Jun. 30, 2017
Current assets:            
Cash and cash equivalents $ 19,813,349   $ 38,000,171 $ 25,736,158   $ 40,200,324
Prepaid expenses and other current assets 697,178   513,688      
Total current assets 20,510,527   38,513,859      
Property and equipment, net 156,648   164,035      
Other assets 338,916   338,916      
Total assets 21,006,091   39,016,810      
Current liabilities:            
Accounts payable 474,773   2,223,693      
Accrued expenses 2,640,208   2,103,021      
Notes payable, net of discount 1,328,973   5,948,763      
Other current liabilities 495,169   487,488      
Total current liabilities 4,939,123   10,762,965      
Notes payable, net of discount 0   332,898      
Deferred revenue 0   500,000      
Other non-current liabilities 0   456,038      
Total liabilities 4,939,123   12,051,901      
Stockholders' equity:            
Preferred stock 40   40      
Common stock 2,030,634   2,005,542      
Additional paid-in capital 362,033,736   357,005,233      
Accumulated deficit (347,997,442)   (332,045,906)      
Total stockholders' equity 16,066,968 $ 21,139,698 26,964,909 $ 10,226,387 $ 9,626,053 $ (5,164,644)
Total liabilities and stockholders' equity 21,006,091   39,016,810      
Adjustments            
Current assets:            
Cash and cash equivalents 0          
Prepaid expenses and other current assets 0          
Total current assets 0          
Property and equipment, net 0          
Other assets 0          
Total assets 0          
Current liabilities:            
Accounts payable 0          
Accrued expenses 0          
Notes payable, net of discount 0          
Other current liabilities 0          
Total current liabilities 0          
Notes payable, net of discount 0          
Deferred revenue 500,000          
Other non-current liabilities 0          
Total liabilities 500,000          
Stockholders' equity:            
Preferred stock 0          
Common stock 0          
Additional paid-in capital 0          
Accumulated deficit (500,000)   500,000      
Total stockholders' equity (500,000)          
Total liabilities and stockholders' equity 0          
As reported without adoption of ASC Topic 606            
Current assets:            
Cash and cash equivalents 19,813,349          
Prepaid expenses and other current assets 697,178          
Total current assets 20,510,527          
Property and equipment, net 156,648          
Other assets 338,916          
Total assets 21,006,091          
Current liabilities:            
Accounts payable 474,773          
Accrued expenses 2,640,208          
Notes payable, net of discount 1,328,973          
Other current liabilities 495,169          
Total current liabilities 4,939,123          
Notes payable, net of discount 0          
Deferred revenue 500,000          
Other non-current liabilities 0          
Total liabilities 5,439,123          
Stockholders' equity:            
Preferred stock 40          
Common stock 2,030,634          
Additional paid-in capital 362,033,736          
Accumulated deficit (348,497,442)   $ (331,545,906)      
Total stockholders' equity 15,566,968          
Total liabilities and stockholders' equity $ 21,006,091