Quarterly report pursuant to sections 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Mar. 31, 2014
Accounting Policies [Abstract]  
Fair Value, Instruments Classified in Shareholders Equity Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
The following table sets forth a reconciliation of changes in the fair value of financial instruments classified as level 3 in the fair value hierarchy:
 
Balance as of June 30, 2013
 
$
(157,761)
 
Total unrealized gains (losses):
 
 
 
 
Included in earnings
 
 
(559,791)
 
Warrant reclassified to equity
 
 
614,635
 
Balance as of March 31, 2014
 
$
(102,917)