Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v2.4.0.8
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 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
 
 
(336,489)
 
Warrant reclassified to equity
 
 
1,407,739
 
Warrant recorded as derivative liability
 
 
(949,084)
 
Balance as of June 30, 2014
 
$
(35,595)