Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Stockholders' Equity (Deficit)

v3.19.1
Condensed Consolidated Statement of Stockholders' Equity (Deficit) - USD ($)
Total
Series AA Preferred Stock
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Balances at Jun. 30, 2017 $ 8,527,967   $ 49,230 $ 72,800,699  
Balance (in shares) at Jun. 30, 2017     49,228,640    
Stock-based compensation 1,507,699   $ 0 1,507,699  
Issuance of Series AA Preferred Stock for:          
Net loss (6,684,612)   0 0  
Balances at Sep. 30, 2017 7,805,901   $ 53,730 78,758,745  
Balance (in shares) at Sep. 30, 2017     53,728,640    
Balances at Jun. 30, 2017 8,527,967   $ 49,230 72,800,699  
Balance (in shares) at Jun. 30, 2017     49,228,640    
Issuance of Series AA Preferred Stock for:          
Net loss (17,371,037)        
Balances at Mar. 31, 2018 532,930   $ 54,075 82,171,854  
Balance (in shares) at Mar. 31, 2018     54,073,309    
Balances at Sep. 30, 2017 7,805,901   $ 53,730 78,758,745  
Balance (in shares) at Sep. 30, 2017     53,728,640    
Stock-based compensation 1,194,029   $ 0 1,194,029  
Issuance of Series AA Preferred Stock for:          
Net loss (5,718,587)   0 0  
Balances at Dec. 31, 2017 3,801,798   $ 54,075 80,472,884  
Balance (in shares) at Dec. 31, 2017     54,073,309    
Stock-based compensation 1,473,765   $ 0 1,473,765  
Issuance of Series AA Preferred Stock for:          
Net loss (4,967,838)   0 0  
Balances at Mar. 31, 2018 532,930   $ 54,075 82,171,854  
Balance (in shares) at Mar. 31, 2018     54,073,309    
Balances at Jun. 30, 2018 (3,960,755) $ 0 $ 62,168 90,160,815 $ (94,183,738)
Balance (in shares) at Jun. 30, 2018   0 62,166,309    
Stock-based compensation 2,389,413 $ 0 $ 0 2,389,413 0
Issued to consultants for services 9,466 0 0 9,466 0
Modification for debt discount to former member of Board of Directors 137,845 0 0 137,845 0
Shareholder surrender of shares for no consideration 0 $ 0 $ (302) 302 0
Shareholder surrender of shares for no consideration (in shares)   0 (299,990)    
Beneficial conversion feature related to Fiscal 2018 Notes 2,233,000 $ 0 $ 0 2,233,000 0
Beneficial conversion feature related to Series AA Preferred Stock 0 $ 0 $ 0 2,273,000 (2,273,000)
Issuance of Series AA Preferred Stock for:          
Cash, including Exclusivity Payment (in shares)   2,500,000 0    
Cash, including Exclusivity Payment 25,000,000 $ 25,000,000 $ 0 0 0
Principal under Fiscal 2018 Notes (in shares)   667,500 0    
Principal under Fiscal 2018 Notes 5,340,000 $ 5,340,000 $ 0 0 0
Accrued interest under Fiscal 2018 Notes 800,117 $ 800,117 $ 0 0 0
Accrued interest under Fiscal 2018 Notes (in shares)   100,019 0    
Net loss (27,299,470) $ 0 $ 0 0 (27,299,470)
Balances at Mar. 31, 2019 4,649,616 $ 31,140,117 [1] $ 61,866 97,203,841 (123,756,208)
Balance (in shares) at Mar. 31, 2019   3,267,519 61,866,319    
Balances at Dec. 31, 2018 (9,787,697) $ 0 $ 61,866 91,860,840  
Balance (in shares) at Dec. 31, 2018   0 61,866,319    
Stock-based compensation 696,047 $ 0 $ 0 696,047  
Issued to consultants for services 3,109 0 0 3,109  
Modification for debt discount to former member of Board of Directors 137,845 0 0 137,845  
Beneficial conversion feature related to Fiscal 2018 Notes 2,233,000 0 0 2,233,000  
Beneficial conversion feature related to Series AA Preferred Stock 0 $ 0 $ 0 2,273,000  
Issuance of Series AA Preferred Stock for:          
Cash, including Exclusivity Payment (in shares)   2,500,000 0    
Cash, including Exclusivity Payment 25,000,000 $ 25,000,000 $ 0 0  
Net loss (19,772,805) 0 0 0  
Balances at Mar. 31, 2019 $ 4,649,616 $ 31,140,117 [1] $ 61,866 $ 97,203,841 $ (123,756,208)
Balance (in shares) at Mar. 31, 2019   3,267,519 61,866,319    
[1] Consists of the aggregate par value of $3,268 and additional paid-in capital related to the Series AA Preferred Stock of $31,136,849.