Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.1.9
Consolidated Balance Sheets (USD $)
Mar. 31, 2015
Jun. 30, 2014
Current assets    
Cash $ 8,224,718us-gaap_Cash $ 5,934,534us-gaap_Cash
Restricted cash 450,055us-gaap_RestrictedCashAndCashEquivalents 0us-gaap_RestrictedCashAndCashEquivalents
Inventory 92,425us-gaap_InventoryNet 289,600us-gaap_InventoryNet
Other current assets 175,023us-gaap_OtherAssetsCurrent 83,425us-gaap_OtherAssetsCurrent
Total current assets 8,942,221us-gaap_AssetsCurrent 6,307,559us-gaap_AssetsCurrent
Non-current assets    
Fixed assets, net 2,303,080us-gaap_PropertyPlantAndEquipmentNet 337,932us-gaap_PropertyPlantAndEquipmentNet
Intangible assets, net 60,729us-gaap_IntangibleAssetsNetExcludingGoodwill 9,161us-gaap_IntangibleAssetsNetExcludingGoodwill
Deposit 750,000us-gaap_DepositsAssetsNoncurrent 750,000us-gaap_DepositsAssetsNoncurrent
Total non-current assets 3,113,809us-gaap_AssetsNoncurrent 1,097,093us-gaap_AssetsNoncurrent
Total Assets 12,056,030us-gaap_Assets 7,404,652us-gaap_Assets
Current liabilities:    
Accounts payable and accrued expenses 1,325,754us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent 460,311us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent
Accounts payable and accrued expenses - related party 0us-gaap_DueToRelatedPartiesCurrent 397,055us-gaap_DueToRelatedPartiesCurrent
Convertible notes payable 60,000us-gaap_ConvertibleNotesPayableCurrent 60,000us-gaap_ConvertibleNotesPayableCurrent
Deferred lease liability, current portion 96,015us-gaap_OtherLiabilitiesCurrent 0us-gaap_OtherLiabilitiesCurrent
Lease payable, current portion 92,912us-gaap_CapitalLeaseObligationsCurrent 0us-gaap_CapitalLeaseObligationsCurrent
Interest payable 12,579us-gaap_InterestPayableCurrent 11,079us-gaap_InterestPayableCurrent
Warrant derivative liability 211,221us-gaap_DerivativeLiabilitiesCurrent 35,595us-gaap_DerivativeLiabilitiesCurrent
Total current liabilities 1,798,481us-gaap_LiabilitiesCurrent 964,040us-gaap_LiabilitiesCurrent
Non-current liabilities:    
Deferred lease liability, less current portion 506,499us-gaap_OtherLiabilitiesNoncurrent 33,881us-gaap_OtherLiabilitiesNoncurrent
Lease payable, less current portion 46,946us-gaap_CapitalLeaseObligationsNoncurrent 0us-gaap_CapitalLeaseObligationsNoncurrent
Total non-current liabilities 553,445us-gaap_LiabilitiesNoncurrent 33,881us-gaap_LiabilitiesNoncurrent
Total Liabilities 2,351,926us-gaap_Liabilities 997,921us-gaap_Liabilities
Commitments and Contingencies (Note 10)      
Stockholders' equity:    
Preferred stock, $0.001 par value; 20,000,000 shares authorized; none issued and outstanding 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common stock, $0.001 par value, 200,000,000 shares authorized; 23,535,740 and 18,091,792 shares issued and outstanding, March 31, 2015 and June 30, 2014, respectively 23,536us-gaap_CommonStockValue 18,092us-gaap_CommonStockValue
Additional paid-in capital 35,750,392us-gaap_AdditionalPaidInCapital 24,135,563us-gaap_AdditionalPaidInCapital
Accumulated deficit (26,069,824)us-gaap_RetainedEarningsAccumulatedDeficit (17,746,924)us-gaap_RetainedEarningsAccumulatedDeficit
Total stockholders' equity 9,704,104us-gaap_StockholdersEquity 6,406,731us-gaap_StockholdersEquity
Total Liabilities and Stockholders' Equity $ 12,056,030us-gaap_LiabilitiesAndStockholdersEquity $ 7,404,652us-gaap_LiabilitiesAndStockholdersEquity