v3.22.2.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2022
Jun. 30, 2021
Current Assets:    
Cash $ 3,807,000 $ 10,194,000
Prepaid expenses and other current assets 145,000 495,000
Total Current Assets 3,952,000 10,689,000
Equity investment 3,978,000 0
Other Assets:    
Patent costs - net 2,312,000 2,754,000
Deferred offering costs 59,000 778,000
Security deposit 78,000 78,000
Total Other Assets 2,449,000 3,610,000
Total Assets 10,379,000 14,299,000
Current Liabilities:    
Accounts payable - (including related party payables of approx. $1,511,000 and $1,511,000, respectively) 2,567,000 2,563,000
Accrued expenses - (including related party accruals of approx. $12,000 and $8,000, respectively) 92,000 348,000
Accrued salaries and payroll taxes - (including related party accrued salaries of approx. $1,563,000 and $1,915,000, respectively) 1,640,000 1,992,000
Operating lease - current liability 197,000 165,000
Convertible note payable - related party 250,000 1,283,000
Accrued dividend - Series B 5% convertible preferred stock 62,000 15,000
Loan payable 0 172,000
Total Current Liabilities 4,808,000 6,538,000
Other Liabilities:    
Series B 5% convertible preferred stock liability at $1,080 stated value; 620 shares and 0 shares issued and outstanding at June 30, 2022 and 2021, respectively 786,000 0
Operating lease - long term liability 55,000 252,000
Total Liabilities 5,649,000 6,790,000
Stockholders' Equity    
Preferred stock, $0.001 par value, 10,000,000 designated shares, no shares issued and outstanding 0 0
Additional paid-in capital 129,090,000 124,835,000
Accumulated deficit (122,157,000) (115,116,000)
Treasury Stock, at cost (10,874,593 shares as of June 30, 2022 and 2021, respectively) (2,254,000) (2,254,000)
Total Stockholders' Equity 4,730,000 7,509,000
Total Liabilities and Stockholders' Equity 10,379,000 14,299,000
Common Class A [Member]    
Stockholders' Equity    
Common stock value 49,000 42,000
Common Class B [Member]    
Stockholders' Equity    
Common stock value $ 2,000 $ 2,000