XML 47 R38.htm IDEA: XBRL DOCUMENT v3.7.0.1
Other Expense, net (Tables)
9 Months Ended
Mar. 31, 2016
Other Income and Expenses [Abstract]  
Schedule of Other Nonoperating Income (Expense) [Table Text Block]
Other expense consists of the following:
 
 
 
Three Months Ended
March 31,
 
Nine Months Ended
March 31,
 
 
 
2016
 
2015
 
2016
 
2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charitable contributions – Related Party – Note 16
 
$
-
 
$
-
 
$
-
 
$
(1,015,750)
 
Interest income
 
 
-
 
 
-
 
 
-
 
 
2,615
 
Interest expense
 
 
(93,734)
 
 
(4,654)
 
 
(93,734)
 
 
(10,716)
 
Loss on equity method investment
 
 
-
 
 
-
 
 
-
 
 
(71,955)
 
Gain on sale of equipment
 
 
-
 
 
-
 
 
-
 
 
52,381
 
Write-off of notes receivable
 
 
-
 
 
-
 
 
-
 
 
(92,000)
 
Change in fair value of warrant liability
 
 
(340,000)
 
 
-
 
 
(340,000)
 
 
-
 
Other income (expense)
 
 
(25,710)
 
 
-
 
 
(16,618)
 
 
18
 
Total other expense, net
 
$
(459,444)
 
$
(4,654)
 
$
(450,352)
 
$
(1,135,407)