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Consolidated Statements of Operations - USD ($)
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2017
REVENUES:      
License and contract $ 117,989 $ 60,300,476 $ 67,134,758
OPERATING EXPENSES:      
Research and development 13,959,397 14,857,095 32,566,217
General and administrative 9,765,372 9,699,061 8,641,976
Total operating expenses 23,724,769 24,556,156 41,208,193
(Loss) income from operations (23,606,780) 35,744,320 25,926,565
OTHER INCOME (EXPENSE):      
Investment income 1,200,898 446,268 310,663
Interest expense (20,141) (417,561) (1,452,014)
Total other income (expense), net 1,180,757 28,707 (1,141,351)
(Loss) income before income taxes (22,426,023) 35,773,027 24,785,214
Income tax expense 0 0 (82,500)
NET (LOSS) INCOME $ (22,426,023) $ 35,773,027 $ 24,702,714
Basic net income (loss) per common share $ (0.10) $ 0.17 $ 0.12
Diluted net income (loss) income per common share $ (0.10) $ 0.16 $ 0.12
Weighted average number of common shares outstanding used in computing basic net income (loss) per common share 234,684,776 207,670,607 198,101,060
Weighted average number of common shares outstanding used in computing diluted income (loss) income per common share 234,684,776 217,133,374 207,007,558