v3.19.1
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
Total revenue $ 237,463 $ 284,408 $ 873,760 $ 1,029,901
Cost of revenue 299,433 308,288 813,223 831,353
Gross profit (61,970) (23,880) 60,537 198,548
Operating expenses        
Research and development 5,547,341 3,044,957 14,475,770 9,522,353
General and administrative expenses 2,460,328 2,441,992 6,705,626 6,464,518
Total operating expenses 8,007,669 5,486,949 21,181,396 15,986,871
Loss from operations (8,069,639) (5,510,829) (21,120,859) (15,788,323)
Other (expense) income        
Interest (expense) income (780,698) 139 (2,006,099) 1,136
Rental income 69,644 72,637 206,985 244,825
Other income 352 352
Change in fair value of contingent real estate liability 905,183 635,061 804,738 555,756
Change in fair value of derivative liabilities (1,558,401) (1,371,700)
Total other (expense) income (1,364,272) 708,189 (2,366,076) 802,069
Net loss $ (9,433,911) $ (4,802,640) $ (23,486,935) $ (14,986,254)
Net loss per common share - basic and diluted $ (0.31) $ (0.22) $ (0.88) $ (0.73)
Weighted average common shares outstanding - basic and diluted 29,959,908 22,284,528 26,659,999 20,499,917
Revenue With Customers [Member]        
Total revenue $ 237,463 $ 284,408 $ 764,288 $ 882,669
Grant [Member]        
Total revenue $ 109,472 $ 147,232

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