General form of registration statement for all companies including face-amount certificate companies

Consolidated Statements of Operations

v3.2.0.727
Consolidated Statements of Operations - Entity [Domain] - USD ($)
 3 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Sep. 30, 2014
Sep. 30, 2013
Revenues $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Operating expenses:            
General and administrative expenses 813,122 825,951 2,536,654 2,271,443 3,134,285 1,526,075
Research and development expenses 525,107 320,345 1,327,337 951,101 1,477,479 218,901
Total operating expenses 1,338,229 1,146,296 3,863,991 3,222,544 4,611,764 1,744,976
Operating loss (1,338,229) (1,146,296) (3,863,991) (3,222,544) (4,611,764) (1,744,976)
Other income (expense):            
Interest expense (134,326) (27,763) (212,647) (83,293) (111,059) (108,879)
Loss on issuance of warrants         (7,541,693) 0
(Increase)/decrease to fair value of derivative (925,384) 1,584,818 2,924,064 2,069,693 4,121,693 0
Fair value of derivative liabilities in excess of proceeds 0 0 0 (7,541,693)    
Gain on exercise of warrants 75,321 0 299,321 0    
Gain/(loss) on warrant derivative modification 927,373 0 (996,813) 0    
Other income         0 64
Total other income (expense) (57,016) 1,557,055 2,013,925 (5,555,293) (3,531,059) (108,815)
Net (Loss)/income $ (1,395,245) $ 410,759 $ (1,850,066) $ (8,777,837) $ (8,142,823) $ (1,853,791)
Basic earnings per share            
Net (loss) income per common share basic $ (0.02) $ 0.01 $ (0.02) $ (0.13) $ (0.12) $ (0.09)
Weighted common shares - basic 76,804,674 71,949,564 75,396,047 65,933,378    
Diluted earnings per share            
Net (loss) income per common share diluted $ (0.02) $ 0.01 $ (0.02) $ (0.13)    
Weighted common shares - diluted 76,804,674 72,084,748 75,396,047 65,933,378    
Weighted Common Shares - Basic and Diluted         67,492,823 21,366,752