Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.5.0.2
Consolidated Statements of Operations - USD ($)
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Research and development    
Compensation and benefits $ 4,374,763 $ 2,068,236
Consultants and outside costs 1,317,465 742,229
Material manufacturing costs 2,414,708 1,355,882
Facilities and other costs 1,341,452 534,862
Research and development 9,448,388 4,701,209
General and administrative    
Consulting fees 0 349,633
Compensation and benefits 3,891,916 3,778,791
Professional fees 441,978 526,257
Investor relations 259,351 523,345
General and administrative 909,657 818,647
General and Administrative 5,502,902 5,996,673
Total operating expenses 14,951,290 10,697,882
Loss from operations (14,951,290) (10,697,882)
Other income (expense)    
Interest income 965 4,970
Interest expense (5,039) (6,729)
Derivative income (loss) 19,822 (662,723)
Total other income (expense) 15,748 (664,482)
Net loss (14,935,542) (11,362,364)
Cummulative Preferred Stock Dividend (5,974,385) 0
Net Loss attributable to common stock $ (20,909,927) $ (11,362,364)
Net loss per common share - basic and diluted $ (0.84) $ (0.54)
Weighted average number of common shares outstanding - basic and diluted 24,773,213 20,950,191