Income Taxes (Details 1) (USD $)
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Jun. 30, 2014
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Jun. 30, 2013
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Deferred tax assets | ||
Net operating loss carryforward | $ 2,267,379us-gaap_DeferredTaxAssetsOperatingLossCarryforwards | $ 562,335us-gaap_DeferredTaxAssetsOperatingLossCarryforwards |
Start-up and organizational expenses | 457,495us-gaap_DeferredTaxAssetsTaxDeferredExpenseOther | 580,219us-gaap_DeferredTaxAssetsTaxDeferredExpenseOther |
Stock-based compensation | 1,683,247us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost | 1,265,350us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost |
Derivative expense | 129,986us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsOther | 60,943us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsOther |
Other | 17,093us-gaap_DeferredTaxAssetsOther | (26)us-gaap_DeferredTaxAssetsOther |
Total deferred tax assets | 4,555,200us-gaap_DeferredTaxAssetsGross | 2,468,821us-gaap_DeferredTaxAssetsGross |
Valuation allowance | (4,555,200)us-gaap_DeferredTaxAssetsValuationAllowance | (2,468,821)us-gaap_DeferredTaxAssetsValuationAllowance |
Net deferred taxes | $ 0us-gaap_DeferredTaxAssetsNet | $ 0us-gaap_DeferredTaxAssetsNet |
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- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from other compensation and benefits not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from share-based compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from other provisions, reserves, allowances, and accruals not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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