Fair Value Measurements (Tables)

6 Months Ended

Dec. 31, 2012

Fair Value Measurements [Abstract]

Schedule of Financial Assets and Liabilities Accounted for at Fair Value on Recurring Basis and Fair Value Calculation Input Hierarchy Level

	Balance at		Balance at		Input
Description	December 31, 2012		June 30, 2012		Hierarchy Level
Assets:
Cash and cash equivalents	$	4,440,703	$	2,672,711	Level 1
Restricted cash		181,111		181,027	Level 1
Liabilities:
Derivative warrant liability	$	240,000	$	314,000	Level 2