Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation and Warrants (Tables)

v3.10.0.1
Stock-Based Compensation and Warrants (Tables)
6 Months Ended
Dec. 31, 2018
Share-based Compensation [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table sets forth a summary of stock option activity for the six months ended December 31, 2018:
 
 
 
 
 
 
Weighted
 
 
Weighted Average
 
 
 
Number of
 
 
Average
 
 
Remaining
 
 
 
Options
 
 
Exercise Price
 
 
Contractual Life
 
Outstanding, June 30, 2018
 
 
19,415,246
 
 
$
1.55
 
 
 
7.8
 
Granted
 
 
1,125,000
 
 
 
0.52
 
 
 
 
 
Forfeited
 
 
(1,839,642
)
 
 
1.62
 
 
 
 
 
Outstanding, December 31, 2018
 
 
18,700,604
 
 
 
1.58
 
 
 
7.6
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable, December 31, 2018
 
 
11,744,856
 
 
 
1.86
 
 
 
6.2
 
Schedule Of Warrants Issued To Agents Activity [Table Text Block]
 
 
 
 
 
Weighted
 
 
Weighted Average
 
 
 
Number of
 
 
Average
 
 
Remaining
 
 
 
Warrants
 
 
Exercise Price
 
 
Contractual Life
 
Outstanding, June 30, 2018
 
 
45,635,217
 
 
$
1.37
 
 
 
3.4
 
Warrants issued for consulting services
 
 
31,248
 
 
 
1.00
 
 
 
 
 
Outstanding, December 31, 2018
 
 
45,666,465
 
 
 
1.37
 
 
 
2.8
 
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
Stock-based compensation expense is included in compensation and benefits under the following captions in the unaudited condensed consolidated statements of operations:
 
 
 
Three Months
 
 
Six Months
 
 
 
Ended December 31,
 
 
Ended December 31,
 
 
 
2018
 
 
2017
 
 
2018
 
 
2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Research and development
 
$
61,063
 
 
$
281,814
 
 
$
190,672
 
 
$
580,769
 
General and administrative
 
 
754,355
 
 
 
912,215
 
 
 
1,502,697
 
 
 
2,120,959
 
Total
 
$
815,418
 
 
$
1,194,029
 
 
$
1,693,369
 
 
$
2,701,728
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
Expected volatility
 
 
84
%
Risk free interest rate
 
 
2.83
%
Expected term (years)
 
 
7
 
Dividend yield
 
 
0
%