CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2018 |
|
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) | ||||
| Revenues | $ 400,000 | |||
| Operating expenses: | ||||
| Research and development expenses | 806,000 | 1,399,000 | 1,609,000 | 2,756,000 |
| General and administrative expenses | 354,000 | 432,000 | 619,000 | 692,000 |
| Officers' payroll and payroll tax expenses | 118,000 | 118,000 | 236,000 | 241,000 |
| Professional fees | 67,000 | 45,000 | 222,000 | 304,000 |
| Total operating expenses | 1,345,000 | 1,994,000 | 2,686,000 | 3,993,000 |
| Loss from operations | (1,345,000) | (1,994,000) | (2,286,000) | (3,993,000) |
| Other income (expense) | ||||
| Other income | 40,000 | 40,000 | ||
| Interest expense - debt | (48,000) | (50,000) | (96,000) | (101,000) |
| Interest expense - preferred stock liability | (20,000) | (1,975,000) | (40,000) | (1,975,000) |
| Change in fair value of preferred stock | 102,000 | |||
| Warrants modification expense | (1,212,000) | (1,212,000) | ||
| Impairment expense of operating lease | (643,000) | |||
| Other expense, net | (1,280,000) | (1,985,000) | (1,889,000) | (2,036,000) |
| Loss before provision for income taxes | (2,625,000) | (3,979,000) | (4,175,000) | (6,029,000) |
| Provision for income taxes | ||||
| Net loss | $ (2,625,000) | $ (3,979,000) | $ (4,175,000) | $ (6,029,000) |
| Basic and diluted loss per share attributable to common stockholders | $ (0.01) | $ (0.02) | $ (0.02) | $ (0.04) |
| Weighted average number of common shares | 214,073,575 | 170,541,226 | 209,925,208 | 166,912,770 |