CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
|
Dec. 31, 2019 |
Jun. 30, 2019 |
| ASSETS |
|
|
| Cash |
$ 187,000
|
$ 579,000
|
| Prepaid expenses and other current assets |
29,000
|
46,000
|
| Total Current Assets |
216,000
|
625,000
|
| Other Assets: |
|
|
| Patent costs - net |
3,201,000
|
3,342,000
|
| Property, plant and equipment -net |
|
1,000
|
| Security deposit |
78,000
|
78,000
|
| Total Other Assets |
3,279,000
|
3,421,000
|
| Total Assets |
3,495,000
|
4,046,000
|
| Current Liabilities: |
|
|
| Accounts payable - (including related party payables of approx. $1,511,000 and $1,511,000, respectively) |
2,285,000
|
2,127,000
|
| Accrued expenses - (including related party accruals of approx. $75,000 and $45,000, respectively) |
120,000
|
85,000
|
| Accrued salaries and payroll taxes -(including related party accrued salaries of approx. $3,282,000 and $3,129,000, respectively) |
3,358,000
|
3,162,000
|
| Operating lease current liability |
126,000
|
|
| Note payable - related party |
1,922,000
|
1,922,000
|
| Total Current Liabilities |
7,811,000
|
7,296,000
|
| Series B 5% convertible preferred stock liability at $1,080 stated value; 1,440 and 1,196 shares issued and outstanding at December 31, 2019 and June 30, 2019, respectively |
812,000
|
879,000
|
| Operating lease long term liability |
489,000
|
|
| Total Liabilities |
9,112,000
|
8,175,000
|
| Commitments and contingencies (Note 9) |
|
|
| Stockholders' Deficiency |
|
|
| Preferred stock, $0.001 par value, 10,000,000 designated shares, no shares issued and outstanding |
|
|
| Additional paid-in capital |
93,278,000
|
90,537,000
|
| Accumulated deficit |
(98,771,000)
|
(94,596,000)
|
| Treasury Stock, at cost (659,448 shares and 228,218 shares as of December 31, 2019 and June 30, 2019, respectively) |
(146,000)
|
(91,000)
|
| Total Stockholders' Deficiency |
(5,617,000)
|
(4,129,000)
|
| Total Liabilities and Stockholders' Deficiency |
3,495,000
|
4,046,000
|
| Common Class B [Member] |
|
|
| Stockholders' Deficiency |
|
|
| Common Stock - Class B, (10 votes per share); $.0001 par value, 100,000,000 shares authorized, 909,090 shares and 909,090 shares issued and outstanding as of December 31, 2019 and June 30, 2019, respectively |
|
|
| Common Class A [Member] |
|
|
| Stockholders' Deficiency |
|
|
| Common Stock - Class A, $0.0001 par value, 600,000,000 shares and 300,000,000 shares authorized, as of December 31, 2019 and June 30, 2019, respectively, 219,211,111 shares and 202,860,141 shares issued as of December 31, 2019 and June 30, 2019, respectively, 218,551,663 shares and 202,631,923 shares outstanding as of December 31, 2019 and June 30, 2019, respectively |
$ 22,000
|
$ 21,000
|