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v3.20.1

Stockholders' Equity (Tables) | 6 Months Ended
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Dec. 31, 2019
Schedule of private placements of securities pursuant to unit purchase agreements and subscription agreements |
Date of closing |  | Common Stock Issued |  |  | Warrants issued |  |  | Unit Price |  |  | Net proceeds |  |  | Warrant exercise price |  |  | Warrant coverage |
October 12, 2018 |  |  | 501,027 |  |  |  | 325,668 |  |  | $ | 3.60 |  |  | $ | 1,630,991 |  |  | $ | 6.00 |  |  |  | .65 |
October 18, 2018 |  |  | 410,084 |  |  |  | 266,555 |  |  | $ | 3.60 |  |  | $ | 1,287,007 |  |  | $ | 6.00 |  |  |  | .65 |
November 2, 2018 |  |  | 374,864 |  |  |  | 243,662 |  |  | $ | 3.60 |  |  | $ | 1,215,242 |  |  | $ | 6.00 |  |  |  | .65 |
December 5, 2018 |  |  | 334,694 |  |  |  | 217,550 |  |  | $ | 3.60 |  |  | $ | 1,083,307 |  |  | $ | 6.00 |  |  |  | .65 |
February 12, 2019 |  |  | 201,389 |  |  |  | 130,903 |  |  | $ | 3.60 |  |  | $ | 725,000 |  |  | $ | 6.00 |  |  |  | .65 |
March 27, 2019 |  |  | 178,572 |  |  |  | 89,286 |  |  | $ | 5.60 |  |  | $ | 1,000,000 |  |  | $ | 9.00 |  |  |  | .50 |
May 14, 2019 |  |  | 569,083 |  |  |  | 284,541 |  |  | $ | 6.00 |  |  | $ | 3,168,865 |  |  | $ | 9.00 |  |  |  | .50 |
June 14, 2019 |  |  | 612,914 |  |  |  | 306,456 |  |  | $ | 6.00 |  |  | $ | 3,274,331 |  |  | $ | 9.00 |  |  |  | .50 |
June 20, 2019 |  |  | 720,799 |  |  |  | 360,399 |  |  | $ | 6.00 |  |  | $ | 4,059,050 |  |  | $ | 9.00 |  |  |  | .50 |
June 28, 2019 |  |  | 71,687 |  |  |  | 35,845 |  |  | $ | 6.00 |  |  | $ | 395,863 |  |  | $ | 9.00 |  |  |  | .50 |
Total |  |  | 3,975,115 |  |  |  | 2,260,865 |  |  |  |  |  |  | $ | 17,839,656 |  |  |  |  |  |  |  |  |
Schedule of changes in options outstanding |
|  | Number of Shares |  |  | Weighted Average Exercise Price Per Share |  |  | Weighted Average Remaining Contractual Term (Years) |  |  | Aggregate Intrinsic Value |
Outstanding and expected to vest at June 30, 2017 |  |  | 139,997 |  |  | $ | 25.64 |  |  |  | 6.7 |  |  | $ | - |
Granted |  |  | 662,500 |  |  |  | 3.28 |  |  |  | 9.3 |  |  |  | 511,000 |
Forfeited |  |  | (35,277 | ) |  |  | 37.00 |  |  |  | - |  |  |  | - |
Outstanding and expected to vest at June 30, 2018 |  |  | 767,220 |  |  | $ | 5.80 |  |  |  | 8.8 |  |  | $ | 511,000 |
Granted |  |  | 712,500 |  |  |  | 4.73 |  |  |  | 9.5 |  |  |  | - |
Forfeited |  |  | (6,406 | ) |  |  | - |  |  |  | - |  |  |  | - |
Outstanding and expected to vest at June 30, 2019 |  |  | 1,473,314 |  |  | $ | 5.18 |  |  |  | 8.6 |  |  | $ | 4,668,153 |
Granted |  |  | 2,205,000 |  |  |  | 29.32 |  |  |  | 9.8 |  |  |  | - |
Exercised |  |  | (62,712 | ) |  |  | - |  |  |  | - |  |  | $ | - |
Outstanding and expected to vest at December 31, 2019 |  |  | 3,615,602 |  |  | $ | 19.96 |  |  |  | 9.2 |  |  | $ | 74,837,043 |
Options exercisable at December 31, 2019 |  |  | 632,301 |  |  | $ | 7.83 |  |  |  | 7.7 |  |  | $ | 19,924,698 |
Schedule of the changes in outstanding restricted stocks |
|  | Number of Shares |  |  | Weighted Average Fair Value Per Share |
Outstanding and expected to issue at June 30, 2017 |  |  | 2,188 |  |  | $ | 61.00 |
Issued |  |  | (938 | ) |  | $ | 61.00 |
Forfeited |  |  | (1,250 | ) |  | $ | 61.00 |
Outstanding and vested at June 30, 2018 |  |  | - |  |  | $ | - |
Issued |  |  | - |  |  | $ | - |
Forfeited |  |  | - |  |  | $ | - |
Outstanding and vested at June 30, 2019 |  |  | - |  |  | $ | - |
Issued |  |  | - |  |  | $ | - |
Forfeited |  |  | - |  |  | $ | - |
Outstanding and vested at December 31, 2019 |  |  | - |  |  | $ | - |
Schedule of changes in outstanding warrants |
|  | Number of Shares |  |  | Weighted Average Exercise Price Per Share |
Outstanding and vested at June 30, 2017 |  |  | 971,718 |  |  | $ | 30.85 |
Issued |  |  | 1,486,482 |  |  | $ | 6.00 |
Exercised |  |  | (4,443 | ) |  | $ | 0.004 |
Outstanding and vested at June 30, 2018 |  |  | 2,453,757 |  |  | $ | 15.845 |
Issued |  |  | 2,691,123 |  |  | $ | 7.10 |
Exercised |  |  | (25,004 | ) |  | $ | 0.004 |
Forfeited/Expired |  |  | (689,894 | ) |  | $ | 18.94 |
Outstanding and vested at June 30, 2019 |  |  | 4,429,982 |  |  | $ | 7.12 |
Issued |  |  | 21,250 |  |  | $ | 10.25 |
Exercised |  |  | (740,694 | ) |  | $ | 7.80 |
Forfeited/Expired |  |  | (63,666 | ) |  | $ | 13.89 |
Outstanding and vested at December 31, 2019 |  |  | 3,646,872 |  |  | $ | 6.83 |
Schedule of stock-based compensation expense |
|  |  |  |  | (Unaudited) |  |  |  |  |  |  |
|  | Six Months Ended |  |  | Six Months Ended |  |  | Year ended |  |  | Year ended |
|  | December 31, |  |  | December 31, |  |  | June 30, |  |  | June 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Research and development |  | $ | 174,500 |  |  | $ | 29,500 |  |  | $ | 215,900 |  |  | $ | 62,500 |
General and administrative |  |  | 2,192,500 |  |  |  | 386,300 |  |  |  | 998,100 |  |  |  | 455,500 |
Total |  | $ | 2,367,000 |  |  | $ | 415,800 |  |  | $ | 1,214,000 |  |  | $ | 518,000 |
Stock-based compensation - options [Member] |
Schedule of Black-Scholes option pricing model assumptions |
|  |  |  |  | (Unaudited) |  |  |  |  |  |  |
|  | Six Months Ended |  |  | Six Months Ended |  |  | Year ended |  |  | Year ended |
|  | December 31, |  |  | December 31, |  |  | June 30, |  |  | June 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Risk free interest rate |  |  | 1.73 to 1.79 | % |  |  | 2.69 | % |  |  | 2.37 to 2.69 | % |  |  | 2.14 to 2.61 | %
Dividend yield |  |  | 0 | % |  |  | 0 | % |  |  | 0 | % |  |  | 0 | %
Volatility |  |  | 107.4-108.2 | % |  |  | 102.3 | % |  |  | 101.5-102.3 | % |  |  | 99.9-101.6 | %
Expected term (in years) |  |  | 5 to 6.25 |  |  |  | 6.25 |  |  |  | 6.25 |  |  |  | 6.25 |
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