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Statements of Operations - USD ($)
3 Months Ended
Sep. 30, 2018
Sep. 30, 2017
OPERATING EXPENSES    
Research and development $ 1,411,483 $ 1,451,906
General and administrative 627,615 778,540
Total operating expenses 2,039,098 2,230,446
LOSS FROM OPERATIONS (2,039,098) (2,230,446)
OTHER INCOME (EXPENSE):    
Interest income 22,084 24,394
Interest expense 0 (125,000)
Discount on convertible debentures 0 (239,351)
Change in fair value of derivatives 175,551 564,848
Other income, net 197,635 224,891
LOSS BEFORE INCOME TAXES (1,841,463) (2,005,555)
INCOME TAX PROVISION 0 0
NET LOSS $ (1,841,463) $ (2,005,555)
Net loss per common share – basic and diluted $ (0.03) $ (0.03)
Weighted average common shares outstanding – basic and diluted 69,185,965 63,307,083