Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

v3.6.0.2
Consolidated Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2016
Jun. 30, 2016
Current assets:    
Cash and cash equivalents $ 4,714,293 $ 8,500,207
Other receivables 2,350
Prepaid expenses 578,979 798,094
Total current assets 5,295,622 9,298,301
Fixed assets, net 514,865 531,348
Other assets 414,811 414,355
Total assets 6,225,298 10,244,004
Current liabilities:    
Accounts payable 307,235 1,259,711
Accrued expenses 472,480 634,853
Notes payable 110,033 273,670
Derivative liabilities 523,505 892,503
Total current liabilities 1,413,253 3,060,737
Other long-term liabilities 137,078 140,914
Total liabilities 1,550,331 3,201,651
Commitments and contingencies
Stockholders' equity:    
Preferred stock value
Common stock, $0.001 par value,100,000,000 shares authorized, 12,035,912 and 12,035,037 shares issued and outstanding, respectively 12,036 12,035
Additional paid-in capital 86,431,275 86,127,252
Accumulated deficit (81,768,344) (79,096,934)
Total stockholders' equity 4,674,967 7,042,353
Total liabilities and stockholders' equity 6,225,298 10,244,004
Class A convertible preferred stock    
Stockholders' equity:    
Preferred stock value