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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Mar. 31, 2014
Accounting Policies [Abstract]  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
The following table shows the number of potentially outstanding dilutive common shares excluded from the diluted net income (loss) per common share calculation as they were anti-dilutive:
 
 
 
Potentially Outstanding Dilutive Common Shares
 
 
 
For the
Nine months
Ended
March 31, 2014
 
For the Nine months Ended March 31, 2013
 
 
 
 
 
 
 
 
 
Stock options
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Stock options issued on September 23, 2005 to the founders of the Company upon formation with an exercise price of $0.10 per share expiring ten (10) years from the date of issuance
 
 
535,715
 
 
535,715
 
 
 
 
 
 
 
 
 
Sub-total: stock options
 
 
535,715
 
 
535,715
 
 
 
 
 
 
 
 
 
Warrants
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Warrants issued from June 15, 2006 to October 1, 2007 to investors in connection with the Company’s equity financing with an exercise price of $3.50 per share expiring June 30, 2014
 
 
513,143
 
 
513,143
 
 
 
 
 
 
 
 
 
Warrants issued on August 22, 2008 to investors in connection with the Company’s equity financing with an exercise price of $3.50 per share expiring June 30, 2014
 
 
466,486
 
 
466,486
 
 
 
 
 
 
 
 
 
Warrants issued from June 15, 2008 through May 15 ,2010 to SAB for services with an exercise price from $2.45 to $9.38 per share expiring June 30, 2014
 
 
211,429
 
 
211,429
 
 
 
 
 
 
 
 
 
Warrants issued on June 30, 2009 to investors with an exercise price of $3.50 per share expiring June 30, 2014
 
 
568,771
 
 
568,771
 
 
 
 
 
 
 
 
 
Warrants issued on September 30, 2009 to investors with an exercise price of $3.50 per share expiring June 30, 2014
 
 
1,437,871
 
 
1,437,871
 
 
 
 
 
 
 
 
 
Warrants issued from August 16, 2010 to May 15, 2011 to SAB for services with an exercise price ranging from $5.15 to $6.34 per share expiring fiscal year ending June 30, 2015
 
 
65,714
 
 
65,714
 
 
 
 
 
 
 
 
 
Warrants issued from August 16, 2011 to May 15, 2012 to SAB for services with an exercise price ranging from $2.80 to $4.94 per share expiring fiscal year ending June 30, 2016
 
 
68,571
 
 
68,571
 
 
 
 
 
 
 
 
 
Warrants issued from August 16, 2012 to May 15, 2013 to SAB for services with an exercise price ranging from $1.89 to $5.88 per share expiring fiscal year ending June 30, 2017
 
 
68,571
 
 
68,571
 
 
 
 
 
 
 
 
 
Warrants issued on September 10, 2013 to investors with an exercise price of $5.25 per share expiring September 10,2018 less Warrants exercised through March 31, 2014
 
 
2,802,928
 
 
-
 
 
 
 
 
 
 
 
 
Warrants issued on August 15, 2013 to SAB for services with an exercise price of $5.17 per share expiring on August 15, 2017
 
 
17,143
 
 
-
 
 
 
 
 
 
 
 
 
Warrants issued on September 10, 2013 to Placement Agents as commissions with an exercise price of $5.25 per share expiring February,28, 2018
 
 
58,910
 
 
-
 
 
 
 
 
 
 
 
 
Warrants issued on November 15, 2013 to SAB for services with an exercise price of $6.56 per share expiring on November 15, 2017
 
 
17,143
 
 
-
 
 
 
 
 
 
 
 
 
Warrants issued on January 24, 2014 to investors with an exercise price of $6.05 per share expiring January 24, 2019
 
 
2,479,935
 
 
-
 
 
 
 
 
 
 
 
 
Warrants issued on January 24,2014 to Placement Agents as commissions with an exercise price of $6.05 per share expiring January 24, 2019
 
 
76,306
 
 
-
 
 
 
 
 
 
 
 
 
Warrants issued on February 14, 2014 to SAB for services with an exercise price of $3.98 per share expiring on February 14, 2018
 
 
17,143
 
 
-
 
Sub-total: warrants
 
 
8,870,064
 
 
3,400,556
 
Total potentially outstanding dilutive common shares
 
 
9,405,779
 
 
3,936,271