Income Taxes (Tables)

12 Months Ended

Jun. 30, 2012

Income Tax Disclosure [Abstract]

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

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities are presented below:

	June 30,
	2012			2011
Deferred tax liabilities:
Depreciation and amortization	$	(237,291	)	$	(169,095	)
Total deferred tax liabilities		(237,291	)		(169,095	)
Deferred tax assets:
Bad debt reserves		36,535			23,120
Accruals and allowances		13,506			13,732
Inventory valuation		286,527			276,453
License fee income		55,653			72,090
Stock-based compensation		225,823			229,607
Deferred gain — HIFU and Labcaire		211,263			198,145
Tax credits		475,386			424,664
Net operating loss carry forwards		4,745,221			4,608,441
Capital loss carryover		-			387,112
Other		5,993			8,468
Total deferred tax assets		6,055,907			6,241,832
Valuation allowance		(5,818,616	)		(6,072,737	)
Net deferred tax asset	$	-		$	-
Recorded as:
Current deferred tax asset	$	-		$	-
Non-current deferred tax liability, net		-			-
	$	-		$	-

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Significant components of the income tax expense (benefit) attributable to continuing operations are as follows:

	Year ended June 30,
	2012			2011
Current:
Federal	$	(181,016	)	$	33,100
State		(13,766	)		31,116
Total current		(194,782	)		64,216
Deferred:
State		-			-
Total deferred		-			-
	$	(194,782	)	$	64,216

Federal Income Tax Note [Table Text Block]

The reconciliation of income tax expense (benefit) computed at the Federal statutory tax rates to income tax expense (benefit) is as follows:

	Year ended June 30,
	2012			2011
Tax at federal statutory rates	$	(273,206	)	$	(799,394	)
State income taxes, net of federal benefit		(9,086	)		20,519
Research credit		(50,722	)		(168,495	)
Capital loss		-			(375,323	)
Stock-based compensation		116,541			80,320
Rate change		24,093			-
Valuation allowance		(21,306	)		1,295,045
Travel and entertainment		22,099			15,084
Other		(3,195	)		(3,540	)
	$	(194,782	)	$	64,216