Income Taxes (Tables)

12 Months Ended

Jun. 30, 2016

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The following table reflects the reconciliation for the respective periods:

	Year Ended June 30,
	2016				2015
Benefit at statutory rate	$	(9,581,229)	(34.00)	%	$	(2,634,087)	(34.00)	%
State income taxes, net of federal benefit		(853,203)	(3.03)	%		(216,183)	(2.79)	%
Stock based compensation		7,156	0.03	%		426,725	5.51	%
Interest on convertible debt		75,148	0.27	%		-	0.00	%
Change in valuation allowance		8,672,155	30.77	%		2,397,527	30.95	%
Reduction of net operating losses upon deconsolidation		1,674,110	5.94	%		-	0.00	%
Other		5,863	0.02	%		2,108	0.03	%
Net income tax provision (benefit)	$	-	0.00	%	$	(23,910)	(0.30)	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The approximate tax effects of significant temporary differences which comprise the deferred tax assets and liabilities are as follows for the respective periods:

	2016		2015
Deferred tax assets (liabilities):
Deferred revenue	$	-	$	190,000
Deferred rent		5,000		-
Accrued expenses		445,000		73,000
Net operating loss carry forward		9,202,000		6,337,000
Intangibles		606,000		453,000
Share-based coompensation		327,000		-
Acquired in-process research and development		-		(2,779,000)
Unrealized loss on investment		360,000		-
Warrant liability		153,000		-
Inventory		192,000		-
Allowance for doubtful accounts		15,000		-
Total deferred income tax assets (liabilities)		11,305,000		4,274,000
Less: Valuation allowance		(11,305,000)		(4,274,000)
Total deferred income tax assets (liabilities)	$	-	$	-