Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Details Textual)

v3.19.2
Stockholders' Equity (Details Textual) - USD ($)
9 Months Ended 12 Months Ended
Jul. 17, 2019
May 08, 2019
Nov. 26, 2018
May 15, 2018
Apr. 04, 2018
Dec. 06, 2016
Sep. 22, 2016
Jun. 30, 2019
Jun. 30, 2018
Sep. 30, 2018
Aug. 21, 2017
Apr. 05, 2016
Mar. 26, 2013
Dec. 10, 2012
Mar. 22, 2012
Aug. 03, 2006
Stockholders' Equity (Textual)                                
Total number of share authorized               265,000,000                
Common stock authorized               250,000,000   250,000,000            
Preferred stock authorized               15,000,000   15,000,000            
Preferred stock, par value (in dollars per share)               $ 0.001   $ 0.001            
Common stock outstanding               12,701,266   7,407,254            
Options outstanding               1,792,164   803,937            
Common stock exercise price (in dollars per share)               $ 5.05   $ 10.13            
Total unrecognized stock-based compensation               $ 246,866 $ 1,110,717              
Number of vested shares               1,069,418   531,604            
Number of unvested shares               722,746   272,333            
Gross cash proceeds               $ 2,544,700 2,100,000              
Subsequent Event [Member]                                
Stockholders' Equity (Textual)                                
Performance bonus $ 150,000                              
Restricted Stock [Member]                                
Stockholders' Equity (Textual)                                
Number of equity instruments other than options outstanding               652,314   406,564            
Total unrecognized stock-based compensation               $ 186,600              
Number of vested shares               652,314   351,522            
Number of unvested shares                 55,042            
2006 Stock Incentive Plan [Member]                                
Stockholders' Equity (Textual)                                
Options outstanding               1,397                
Number of shares reserved for future issuance                               3,339
Omnibus Incentive Compensation Plan 2012 [Member]                                
Stockholders' Equity (Textual)                                
Common stock purchase price (in dollars per share)                     $ 0.001          
Common stock authorized                     975,000          
Options outstanding               1,590,767                
Weighted exercise price (in dollars per share)               $ 2.7                
Number of options authorized                       200,000 75,000 27,500 1,667  
Number of authorized shares available for grant previously                     885,781          
Number of shares available for grant               231,919     1,570,248          
Maximum number of shares granted to individual                     150,000          
Description of plan terms   The Board of Directors granted 50,000 restricted shares and 100,000 options to purchase common stock to the Chairman of the Board, Dr. Robin L. Smith, under the Company's Amended and Restated 2012 Omnibus Incentive Compensation Plan. The restricted shares and options vest immediately and survive the full term. In the event the merger does not close, Dr. Smith will forfeit 25,000 restricted shares and 25,000 shares of common stock to the Company's plan. The holders of the Company’s common and preferred stock voted to (i) amend the 2012 Plan to eliminate the annual individual award limits under the 2012 Plan and (ii) amend 2012 Plan to increase: (a) the total number of shares of common stock, par value $0.001 per share (“Common Stock”), available for grant under the 2012 Plan (subject to the overall limits described in clause (b) below) from 1,500,000 shares to an aggregate of 2,250,000 shares and (b) the aggregate limitation on authorized shares available for grant under the 2012 Plan, following any increases pursuant to the evergreen provision (the “Evergreen Provision”), from 2,200,000 shares to 2,950,000 shares.   The holders of the Company’s common stock voted to amend the 2012 Plan to increase (i) the total number of shares of Common Stock available for grant under the 2012 Plan (subject to the overall limit described in clause (ii) below) from 1,072,500 shares to an aggregate of 1,500,000 shares and (ii) the aggregate limitation on the authorization shares available for grant under the 2012 Plan, following any increases pursuant to the evergreen provision, from 1,570,248 shares to 2,200,000 shares.   (i) increase the total number of shares of Common Stock available for grant under the 2012 Plan from 200,000 shares to an aggregate of 500,000 shares, (ii) add an "evergreen" provision which, on January 1st of each year through 2022, automatically increases the number of shares subject to the 2012 Plan by the lesser of: (a) a number equal to 10% of the shares of Common Stock authorized under the 2012 Plan as of the preceding December 31st, or (b) an amount, or no amount, as determined by the Board, but in no event may the number of shares of Common Stock authorized under the 2012 Plan exceed 885,781 and (iii) increase the annual individual award limits under the 2012 Plan to 100,000 shares of Common Stock, subject to adjustment in accordance with the 2012 Plan. Per the above mentioned “evergreen” provision, an additional 50,000 shares were automatically allocated for distribution under the 2012 Plan as of January 1, 2017.                  
Restricted shares of common stock               652,314                
Maximum [Member] | 2006 Stock Incentive Plan [Member]                                
Stockholders' Equity (Textual)                                
Common stock exercise price (in dollars per share)                               $ 3,300
Maximum [Member] | Omnibus Incentive Compensation Plan 2012 [Member]                                
Stockholders' Equity (Textual)                                
Common stock exercise price (in dollars per share)               $ 600.00                
Number of options authorized                         75,000   27,500  
Minimum [Member] | 2006 Stock Incentive Plan [Member]                                
Stockholders' Equity (Textual)                                
Common stock exercise price (in dollars per share)                               $ 2,400
Minimum [Member] | Omnibus Incentive Compensation Plan 2012 [Member]                                
Stockholders' Equity (Textual)                                
Common stock authorized                     550,000          
Common stock exercise price (in dollars per share)               $ 1.18                
Number of options authorized                         27,500   1,667  
Second Common Stock Purchase Agreement [Member]                                
Stockholders' Equity (Textual)                                
Description of purchase notice       Amount equal to 50,000 shares, and the closing sale price of its Common Stock is equal to or greater than $0.50 per share, the Company also has the right, in its sole discretion, to present Aspire Capital with a volume-weighted average price purchase notice (each, a “VWAP Purchase Notice”) directing Aspire Capital to purchase an amount of stock equal to up to 30% of the aggregate shares of Common Stock traded on its principal market on the next trading day (the “VWAP Purchase Date”), subject to a maximum number of shares the Company may determine. The purchase price per share pursuant to such VWAP Purchase Notice is generally 95% of the volume-weighted average price for Common Stock traded on its principal market on the VWAP Purchase Date.                        
Second Common Stock Purchase Agreement [Member] | Aspire Capital Fund, LLC [Member]                                
Stockholders' Equity (Textual)                                
Number of common shares purchased       10,000,000       3,108,180                
Common stock purchase price (in dollars per share)       $ 0.50                        
Description of purchase notice       The Company has the right, in its sole discretion, to present Aspire Capital with a purchase notice, directing Aspire Capital (as principal) to purchase up to 50,000 shares of Common Stock per business day, up to $10.0 million of the Company’s common stock in the aggregate at a per share purchase price equal to the lesser of:a) the lowest sale price of Common Stock on the purchase date; or b) the arithmetic average of the three (3) lowest closing sale prices for Common Stock during the twelve (12) consecutive trading days ending on the trading day immediately preceding the purchase date.                        
Gross cash proceeds               $ 4,600,000                
Second Common Stock Purchase Agreement [Member] | Aspire Capital Fund, LLC [Member] | Commitment Shares [Member]                                
Stockholders' Equity (Textual)                                
Number of common shares purchased       250,000                        
Number of share not request purchase per day       300,000                        
Second Common Stock Purchase Agreement [Member] | Aspire Capital Fund, LLC [Member] | Maximum [Member]                                
Stockholders' Equity (Textual)                                
Number of shares sold per day       50,000                        
First Common Stock Purchase Agreement [Member]                                
Stockholders' Equity (Textual)                                
Number of shares sold per day           80,000                    
Description of purchase notice           The purchase price per share pursuant to such VWAP Purchase Notice is generally 95% of the volume-weighted average price for Common Stock traded on its principal market on the VWAP Purchase Date.                    
First Common Stock Purchase Agreement [Member] | Aspire Capital Fund, LLC [Member]                                
Stockholders' Equity (Textual)                                
Number of common shares purchased           10,000,000   1,180,000                
Common stock purchase price (in dollars per share)           $ 0.50   $ 2.00                
Description of purchase notice           Under the First Purchase Agreement, on any trading day selected by the Company on which the closing sale price of its Common Stock is equal to or greater than $0.50 per share, the Company had the right, in its sole discretion, to present Aspire Capital with a purchase notice, directing Aspire Capital (as principal) to purchase up to 50,000 shares of Common Stock per business day, up to $10.0 million of the Company's common stock in the aggregate at a per share purchase price equal to the lesser of:   a) the lowest sale price of Common Stock on the purchase date; or   b) the arithmetic average of the three (3) lowest closing sale prices for Common Stock during the twelve (12) consecutive trading days ending on the trading day immediately preceding the purchase date.                    
Gross cash proceeds               $ 2,400,000                
First Common Stock Purchase Agreement [Member] | Aspire Capital Fund, LLC [Member] | Commitment Shares [Member]                                
Stockholders' Equity (Textual)                                
Number of common shares purchased           80,000                    
Number of share not request purchase per day           100,000                    
First Common Stock Purchase Agreement [Member] | Aspire Capital Fund, LLC [Member] | Maximum [Member]                                
Stockholders' Equity (Textual)                                
Number of shares sold per day           50,000