Income Taxes (Tables)

12 Months Ended

Jun. 30, 2014

Income Taxes [Abstract]

Schedule of Deferred Tax Components

The significant deferred tax components using a 35% federal income tax rate for the years ended June 30, 2014 and 2013 are as follows:

	2014			2013
Fixed assets	$	446,998		$	408,223
Share-based compensation		371,358			279,089
Reserves		13,512			18,409
Other accruals		37,700			24,627
Asset retirement obligation		303,296			277,285
Net operating loss carryforwards		17,274,297			14,791,279
Total deferred tax assets		18,447,161			15,798,912
Valuation allowance		(18,447,161	)		(15,798,912	)
Net deferred tax asset	$	-		$	-

Statutory Rate Reconciliation

The Company's statutory rate reconciliation is as follows:

	2014			2013
Expected income tax benefit base on statutory rate of 35%	$	(2,039,240	)	$	(1,349,809	)
Meals and entertainment		10,209			17,966
Non-deductible penalties		297			849
Warrant liability		(483,747	)		73,500
Increase in valuation allowance		2,512,481			1,257,494
Income tax expense (benefit)	$	-		$	-