Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2014

Summary of Significant Accounting Policies [Abstract]

Schedule of Estimated Useful Lives

Depreciation is computed using the straight-line method over the following estimated useful lives:

Production equipment	3 to 7 years
Office equipment	2 to 5 years
Furniture and fixtures	2 to 5 years

Schedule of Financial Assets and Liabilities Measured at Fair Value

The following table sets forth the Company's financial assets and liabilities measured at fair value on a recurring basis by level within the fair value hierarchy. Assets and liabilities are classified in their entirety base on the lowest level of input that is significant to the fair value measurement.

Fair value at June 30, 2014

	Total		Level 1		Level 2		Level 3
Cash and cash equivalents	$	7,680,073	$	7,680,073	$	-	$	-
Warrant derivative liability		573,000		-		573,000		-

Fair value at June 30, 2013

	Total		Level 1		Level 2		Level 3
Cash and cash equivalent	$	2,899,927	$	2,899,927	$	-	$	-
Warrant derivative liability		104,000		-		104,000		-

Schedule of Antidilutive Securities Excluded from Computation of Loss per Share

Securities that could be dilutive in the future as of June 30, 2014 and 2013 are as follows:

	2014		2013
Preferred stock		59,065		59,065
Common stock warrants		444,747		1,957,033
Common stock options		2,314,422		2,305,072
Total potential dilutive securities		2,818,234		4,321,170