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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
REVENUES:        
License and contract $ 0 $ 8,962,709 $ 34,505 $ 46,516,370
OPERATING EXPENSES:        
Research and development 3,943,982 7,068,849 10,528,329 27,277,830
General and administrative 1,818,796 2,411,302 5,947,943 5,581,066
Total operating expenses 5,762,778 9,480,151 16,476,272 32,858,896
(Loss) income from operations (5,762,778) (517,442) (16,441,767) 13,657,474
OTHER INCOME (EXPENSE):        
Investment income 107,460 86,496 361,212 219,578
Interest expense (71,812) (326,983) (370,981) (1,175,023)
Total other income (expense), net 35,648 (240,487) (9,769) (955,445)
(Loss) income before income taxes (5,727,130) (757,929) (16,451,536) 12,702,029
Income tax benefit 0 18,746 0 192,611
NET (LOSS) INCOME $ (5,727,130) $ (739,183) $ (16,451,536) $ 12,894,640
Basic net (loss) income per common share $ (0.03) $ (0.00) $ (0.08) $ 0.07
Diluted net (loss) income per common share $ (0.03) $ (0.00) $ (0.08) $ 0.06
Weighted average number of common shares outstanding used in computing basic net income (loss) per common share 207,016,304 197,485,758 206,148,695 197,277,286
Weighted average number of common shares outstanding used in computing diluted net income (loss) per common share 207,016,304 197,485,758 206,148,695 202,712,963