Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2019
Jun. 30, 2019
Current assets:    
Cash and cash equivalents $ 7,849,873 $ 9,216,554
Other receivable 176,980
Lease payments receivable - short-term 71,581 70,102
Prepaid expenses 376,902 520,745
Total current assets 8,298,356 9,984,381
Fixed assets, net of accumulated depreciation 6,110 7,210
Other assets 25,000 25,000
Lease payments receivable - long-term 184,683 203,142
Total assets 8,514,149 10,219,733
Current liabilities:    
Accounts payable 1,266,548 924,359
Accrued expenses 1,014,390 1,317,855
Notes payable 255,925 364,204
Total liabilities 2,536,863 2,606,418
Commitments and contingencies
Stockholders' equity:    
Preferred stock value
Common stock, $0.001 par value, 50,000,000 shares authorized, 9,937,608 and 9,744,643 shares issued and outstanding, respectively 9,937 9,744
Additional paid-in capital 121,299,210 119,265,938
Accumulated deficit (115,331,861) (111,662,367)
Total stockholders' equity (deficit) 5,977,286 7,613,315
Total liabilities and stockholders' equity (deficit) 8,514,149 10,219,733
Class A convertible preferred stock    
Stockholders' equity:    
Preferred stock value