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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities    
Net loss $ (2,974,691) $ (20,803,596)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 54,819 9,256
Common stock issued for services 204,534 1,180,410
Stock-based compensation 1,002,576 796,952
Change in fair value of derivative liabilities (13,108,866) 3,710,277
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 959,957 (1,209,458)
Accounts payable 424,426 89,187
Accrued expenses 152,586 244
Long-term liabilities 140,914
Net cash used in operating activities (13,143,745) (16,226,728)
Cash flows from investing activities    
Purchase of fixed assets (562,256) (23,326)
Net cash used in investing activities (562,256) (23,326)
Cash flows from financing activities    
Proceeds from exercise of A warrants, net of fees 13,423,838
Proceeds from warrant exercises from consultants and Series A preferred stock warrant holder 25,450
Payments on notes payable (263,752) (293,625)
Net cash (used in) provided by financing activities (263,752) 13,155,663
Net decrease in cash and cash equivalents (13,969,753) (3,094,391)
Cash and cash equivalents at beginning of the year 22,469,960 25,564,351
Cash and cash equivalents at end of the year 8,500,207 22,469,960
Cash paid during the period for:    
Income taxes
Interest 3,086 4,922
Non-cash investing and financing transactions:    
Notes payable issued in connection with director and officer insurance policies 273,670 557,377
Cancellation of note payable in connection with director and officer insurance policy 55,220
Reclassification of derivative liabilities to additional paid-in capital for warrant exercises 15,295,841
Cashless exercise of warrants for Common Stock 1,094
Conversion of Class A Preferred Stock to Common Stock 72 595
Issuance of restricted stock for service $ 28