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Subsequent Events | 6 Months Ended
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Dec. 31, 2019
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | NOTE 13 - SUBSEQUENT EVENTS From January 1st through March 16, 2020, 480,361 warrants with an average exercise price of $6.30 were exercised, for net proceeds of $3,028,414. In February 2020, 2,434 options were exercised at an exercise price of $30.00, for net proceeds of $73,020. In January 2020, Maged Shenouda retired from the Board of Directors and was appointed to be the Chief Financial Officer of Relmada. In January 2020, Charles Ence was appointed to be the Chief Accounting and Compliance Officer of Relmada and his pre-existing consulting contract was terminated. In March 2020, the company hired three individuals and granted 600,000 options pursuant to the employee stock option plan, which vest over 4 years and have a range of exercise price from $28.00 to $45.61. The Company's lease agreement at 880 Third Avenue expired on December 31, 2019 and has been renewed for calendar year 2020. Included in this lease is additional office space on the 10th floor along with the existing space on the 5th floor for a total monthly cost of $13,610.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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