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 |
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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 |