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Related Party Transactions (Details Textual) (USD $)
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1 Months Ended | 3 Months Ended | 9 Months Ended | 48 Months Ended | |||
|---|---|---|---|---|---|---|---|
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Sep. 01, 2011
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Mar. 31, 2014
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Mar. 31, 2013
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Mar. 31, 2014
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Mar. 31, 2013
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Mar. 31, 2014
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Jun. 30, 2013
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| Line of credit issued to related party | $ 1,000,000 | ||||||
| Line of credit facility, amount outstanding | 0 | 0 | 0 | 163,829 | |||
| Line of credit facility accrued interest | 0 | 0 | 0 | 3,341 | |||
| Line Of Credit Facility, Interest Rate Description | The line of credit bears interest equal to the lower of 10%, or the Wall Street Journal Prime Rate (3.25% at March 31, 2014) plus 5%. | ||||||
| Line of credit facility, interest rate at period end | 8.25% | 8.25% | 8.25% | ||||
| Line of credit facility, interest rate during period | 5.00% | ||||||
| Line of credit facility, description | The line of credit matured on August 31, 2012 and the Company has no further obligations to fund the credit line. | ||||||
| Consulting expenses | 172,530 | 266,164 | 334,205 | 445,389 | |||
| Professional fees | 228,308 | 198,368 | 470,926 | 486,747 | 1,273,869 | ||
| Related party expenses | 1,122,839 | 1,122,839 | 1,122,839 | 807,001 | |||
| Due from related parties | 0 | 0 | 0 | 183,346 | |||
| Write off balances due from related party | 163,829 | ||||||
| Interest income, related party | 13,553 | ||||||
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Board of Directors Chairman
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|||||||
| Due from related parties | 164,398 | 164,398 | 164,398 | ||||
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Related Parties
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| Professional fees | $ 0 | $ 25,500 | $ 51,000 | $ 109,500 | |||