CONSOLIDATED BALANCE SHEETS - USD ($)
|
Jun. 30, 2016 |
Jun. 30, 2015 |
| Current Assets: |
|
|
| Cash |
$ 6,310,000
|
$ 8,410,000
|
| Prepaid expenses and security deposits |
350,000
|
347,000
|
| Subscription receivable |
26,000
|
12,000
|
| Total Current Assets |
6,686,000
|
8,769,000
|
| Other Assets: |
|
|
| Patent costs - net |
4,311,000
|
5,018,000
|
| Property, plant and equipment -net |
90,000
|
38,000
|
| Deferred offering costs |
358,000
|
494,000
|
| Total Other Assets |
4,759,000
|
5,550,000
|
| Total Assets |
11,445,000
|
14,319,000
|
| Current Liabilities: |
|
|
| Accounts payable - (including related party payables of approx. $1,502,000 and $1,686,000, respectively) |
3,528,000
|
1,838,000
|
| Accrued expenses - (including related party accruals of approx. $72,000 and $115,000, respectively) |
97,000
|
593,000
|
| Accrued salaries and payroll taxes -(including related party accrued salaries of approx. $2,777,000 and $2,777,000, respectively) |
2,834,000
|
2,842,000
|
| Note payable - related party |
2,022,000
|
2,022,000
|
| Total Current Liabilities |
8,481,000
|
7,295,000
|
| Total Liabilities |
8,481,000
|
7,295,000
|
| Stockholders' Equity |
|
|
| Preferred stock, $0.001 par value, 500,000 designated shares, no shares issued and outstanding |
|
|
| Additional paid-in capital |
56,969,000
|
48,177,000
|
| Accumulated deficit |
(54,017,000)
|
(41,165,000)
|
| Total Stockholders' Equity |
2,964,000
|
7,024,000
|
| Total Liabilities and Stockholders' Equity |
11,445,000
|
14,319,000
|
| Common Class A |
|
|
| Stockholders' Equity |
|
|
| Common Stock, Value |
12,000
|
12,000
|
| Common Class B |
|
|
| Stockholders' Equity |
|
|
| Common Stock, Value |
|
|