• Filing Date: 2013-09-27
  • Form Type: 10-K
  • Description: Annual report
v2.4.0.8
Consolidated Balance Sheets (Unuadited) (USD $)
Jun. 30, 2013
Jun. 30, 2012
Current assets:    
Cash and cash equivalents $ 19,167,632 $ 3,827,198
Short-term investments 5,249,654   
Accounts receivable    27,631
Restricted Cash    350,000
Prepaid expenses and other current assets 332,267 532,010
Total current assets 24,749,553 4,736,839
Property and equipment, net 266,415 318,653
Other assets 58,131 324,992
Total assets 25,074,099 5,380,484
Current liabilities:    
Capital lease obligations 19,909 22,277
Accounts payable 338,726 294,894
Accrued expenses 1,701,727 2,706,496
Accrued compensation    433,333
Total current liabilities 2,060,362 3,457,000
Capital lease obligations    19,909
Deferred rent 35,460 72,677
Total liabilities 2,095,822 3,549,586
Stockholders' equity:    
Preferred stock of $.01 par value - authorized 10,000,000 shares; Series A Convertible; issued and outstanding 4,697 shares as of June 30, 2013 and 4,997 as of June 30, 2012 47 50
Common stock of $.01 par value - authorized 300,000,000 shares; issued and outstanding 39,116,948 shares as of June 30, 2013 and 34,900,591 as of June 30, 2012 391,169 349,006
Additional paid-in capital 282,692,520 240,725,127
Accumulated deficit (260,105,459) (239,243,285)
Total stockholders' equity 22,978,277 1,830,898
Total liabilities and stockholders' equity $ 25,074,099 $ 5,380,484