Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.3.0.814
Consolidated Statements of Operations - USD ($)
12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Research and development    
Compensation and benefits $ 2,068,236 $ 0
Consultants and outside costs 742,229 34,317
Material manufacturing costs 1,355,882 0
Facilities and other costs 534,862 0
Research and development 4,701,209 34,317
General and Administrative    
Consulting fees 349,633 579,817
Compensation and benefits 3,778,791 2,260,598
Professional fees 526,257 724,385
Investor relations 523,345 661,914
General and administrative 818,647 915,002
General and Administrative 5,996,673 5,141,716
Total operating expenses 10,697,882 5,176,033
Loss from operations (10,697,882) (5,176,033)
Other income (expense)    
Interest income 4,970 12,180
Interest expense (6,729) (4,230,112)
Derivative losses (662,723) (336,489)
Total other income (expense) (664,482) (4,554,421)
Net loss $ (11,362,364) $ (9,730,454)
Net loss per common share - basic and diluted $ (0.54) $ (1.04)
Weighted average number of common shares outstanding - basic and diluted 20,950,191 9,384,662