Income Taxes (Tables)

12 Months Ended

Jun. 30, 2013

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,
	2013		2012
Deferred tax liabilities:
Depreciation and amortization	$	(299,896)	$	(237,291)
Total deferred tax liabilities		(299,896)		(237,291)
Deferred tax assets:
Bad debt reserves		56,842		36,535
Accruals and allowances		13,504		13,506
Inventory valuation		611,272		286,527
License fee and other income		59,602		55,653
Stock-based compensation		225,793		225,823
Deferred gain - HIFU and Labcaire		203,946		211,263
Tax credits		534,163		475,386
Net operating loss carry forwards		5,235,264		4,745,221
Other		22,512		5,993
Total deferred tax assets		6,962,898		6,055,907
Valuation allowance		6,663,002		(5,818,616)
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,
	2013		2012
Current:
Federal	$	(79,667)	$	(181,016)
State		4,471		(13,766)
Total current		(75,196)		(194,782)
Deferred:
Federal		-		-
State		-		-
Total deferred		-		-
	$	(75,196)	$	(194,782)

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) are as follows:

	Year ended June 30,
	2013		2012
Tax at federal statutory rates	$	(993,461)	$	(273,206)
State income taxes, net of federal benefit		2,951		(9,086)
Research credit		(58,777)		(50,722)
Stock-based compensation		166,080		116,541
Rate change		-		24,093
Valuation allowance		782,808		(21,306)
Travel and entertainment		24,860		22,099
Other		343		(3,195)
	$	(75,196)	$	(194,782)