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Statements of Operations - USD ($)
3 Months Ended
Sep. 30, 2017
Sep. 30, 2016
OPERATING EXPENSES    
Research and development $ 1,155,228 $ 1,452,137
General and administrative 1,075,218 988,312
Total operating expenses 2,230,446 2,440,449
LOSS FROM OPERATIONS (2,230,446) (2,440,449)
OTHER INCOME (EXPENSE):    
Interest income 24,394 14,176
Interest expense (125,000) (245,000)
Discount on convertible debentures (239,351) (403,462)
Change in fair value of derivatives 564,848 13,291
Other income (expense), net 224,891 (620,995)
LOSS BEFORE INCOME TAXES (2,005,555) (3,061,444)
INCOME TAX PROVISION 0 0
NET LOSS $ (2,005,555) $ (3,061,444)
NET LOSS PER COMMON SHARE    
- Basic (in dollars per share) $ (0.03) $ (0.05)
- Diluted (in dollars per share) $ (0.03) $ (0.05)
Weighted average common shares outstanding    
- Basic (in shares) 63,307,083 58,179,949
- Diluted (in shares) 63,307,083 58,179,949