• Filing Date: 2013-09-27
  • Form Type: 10-K
  • Description: Annual report
v2.4.0.8
Consolidated Statements of Operations (Unaudited) (USD $)
12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2011
REVENUES:      
License and contract $ 10,361 $ 73,736 $ 497,540
Grant       977,917
REVENUES: 10,361 73,736 1,475,457
OPERATING EXPENSES:      
Research and development 10,528,691 13,813,376 10,377,019
General and administrative 5,066,830 5,045,741 4,751,824
Total operating expenses 15,595,521 18,859,117 15,128,843
Loss from operations (15,585,160) (18,785,381) (13,653,386)
OTHER INCOME (EXPENSE):      
Investment income 42,734 32,133 99,258
Interest expense (8,411) (10,411) (10,606)
Increase in fair value of warrants (7,069,165)    (2,266)
Gain on sale of securities       119,346
Gain on disposition of supplies and equipment 4,620 442,248 (5,666)
Total other income (expense), net (7,030,222) 463,970 200,066
Loss before income taxes (22,615,382) (18,321,411) (13,453,320)
Income tax benefit 1,753,208 1,068,233 637,391
NET LOSS $ (20,862,174) $ (17,253,178) $ (12,815,929)
Basic and diluted net loss per common share $ (0.21) $ (0.49) $ (0.64)
Weighted average number of common shares outstanding used in computing basic and diluted net loss per common share 97,618,714 34,900,591 20,084,022