Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events (Tables)

v3.10.0.1
Subsequent Events (Tables)
 6 Months Ended
Dec. 31, 2018
Subsequent Events [Abstract]  
Summary of the Liquidation Preference and Conversion Terms Table Text Block [Text Block]
Presented below is a summary of the total original issue price and conversion terms for all Series AA Shares outstanding as of January 30, 2019:
 
 
 
Number
 
 
Total
 
 
Conversion
 
 
Shares of
 
Holder
 
of Shares
 
 
Issue Price
 
 
Price
 
 
Common Stock
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
New Investors
 
 
2,500,000
 
 
$
25,000,000
 
 
$
0.22
 
 
 
113,636,364
 
Fiscal 2018 Note holders
 
 
771,000
 
 
 
7,710,000
 
 
 
0.22
 
 
 
35,045,455
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
3,271,000
 
 
$
32,710,000
 
 
 
 
 
 
 
148,681,818
 
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]
The table below summarizes the Company’s operating lease commitments and the payment obligations under the amended License Agreement with Xoma, for the subsequent events discussed above:
 
Fiscal Year Ending June 30,
 
Operating
Leases
 
 
Licensing
Liability
 
 
 
  
 
 
  
 
2019
 
 $ 112,598
 
 
 $ -
 
2020
 
 
 274,295
 
 
 
 6,500,000
 
2021
 
 
 272,658
 
 
 
 2,000,000
 
2022
 
 
 148,643
 
 
 
 -
 
 
 
 $ 808,194  
 
 $ 8,500,000