Annual report pursuant to Section 13 and 15(d)

Statements of Stockholders' Equity

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Statements of Stockholders' Equity (USD $)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balance at Jun. 30, 2010 $ 28,273 $ 14,567,349 $ (13,519,492) $ 1,076,130
Balance (in Shares) at Jun. 30, 2010 28,272,655      
Issuance of common stock and warrants, net of expenses 4,000 7,231,644   7,235,644
Issuance of common stock and warrants, net of expenses (in Shares) 4,000,000      
Common stock issued in accordance with anti-dilution provisions pursuant to the August 2008 equity offering 20 (20)    
Common stock issued in accordance with anti-dilution provisions pursuant to the August 2008 equity offering (in Shares) 19,599      
Issuance of common stock in connection with exercise of warrants for cash and the cashless provision of the warrant agreement 89 129,911   130,000
Issuance of common stock in connection with exercise of warrants for cash and the cashless provision of the warrant agreement (in Shares) 89,841      
Stock-based compensation expense   3,897,319   3,897,319
Net loss     (12,142,451) (12,142,451)
Balance at Jun. 30, 2011 32,382 25,826,203 (25,661,943) 196,642
Balance (in Shares) at Jun. 30, 2011 32,382,095      
Issuance of common stock and warrants, net of expenses 15,385 9,020,464   9,035,849
Issuance of common stock and warrants, net of expenses (in Shares) 15,385,000      
Stock-based compensation expense   2,612,386   2,612,386
Net loss     (5,675,838) (5,675,838)
Balance at Jun. 30, 2012 $ 47,767 $ 37,459,053 $ (31,337,781) $ 6,169,039
Balance (in Shares) at Jun. 30, 2012 47,767,095