Series A Convertible Preferred Stock (Details Textual) - USD ($) |
1 Months Ended | 12 Months Ended | |||||
|---|---|---|---|---|---|---|---|
Apr. 12, 2016 |
Dec. 10, 2015 |
Dec. 07, 2015 |
Mar. 31, 2016 |
Jun. 30, 2016 |
Mar. 02, 2016 |
Jun. 30, 2015 |
|
| Series A Convertible Preferred Stock [Line Items] | |||||||
| Preferred Stock, Shares Authorized | 20,000,000 | 20,000,000 | |||||
| Preferred Stock, Conversion Basis | The Series A Stock had a conversion feature at the option of the holder that could be converted at any time at a conversion rate of $1.95, subject to adjustment, into common stock. The shares also had a mandatory conversion feature at the same conversion rate if one of the following events occurs: 1) Upon vote or consent of 2/3 of the then outstanding Series A Stock; 2) Upon the Companys listing to NASDAQ Stockmarket or the NYSE MKT and the Companys common stock trades for 30 days for at least 155% of the Series A Stock conversion price; or 3) the Company closes an underwritten public offering of at least $15 million in gross proceeds with an offering price of at least 155% of the Series A Stock conversion price. The Series A Stocks conversion price was subject to weighted average anti-dilution protection, as defined, and was subject to adjustments for stock splits, dividends, and similar events. | ||||||
| Preferred Stock, Redemption Price Per Share | $ 1.95 | ||||||
| Preferred Stock Shares Issued | 512,820 | 0 | 0 | ||||
| Proceeds from Issuance of Preferred Stock and Preference Stock | $ 1,000,000 | ||||||
| Series A Convertible Preferred Stock [Member] | |||||||
| Series A Convertible Preferred Stock [Line Items] | |||||||
| Preferred Stock, Shares Authorized | 15,000,000 | ||||||
| Preferred Stock, Dividend Rate, Percentage | 6.00% | ||||||
| Preferred Stock, Redemption Price Per Share | $ 1.95 | $ 1.95 | |||||
| Preferred Stock Shares Issued | 1,025,699 | 1,716,487 | |||||
| Proceeds from Issuance of Preferred Stock and Preference Stock | $ 1,803,548 | $ 2,956,975 | |||||
| Preferred Stock, Accretion of Redemption Discount | $ 22,846 | ||||||
| Dividends Preferred Stock, Shares | 71,708 | ||||||
| Conversion of Stock, Shares Converted | 3,326,714 | ||||||
| Conversion Of Stock, Conversion Price | $ 1.95 | ||||||
| Conversion Of Stock, Exchange Shares And Exchange Warrants Issued | 5,897,677 | ||||||
| Conversion Of Stock, Excess Fair Value Of Securities | $ 5,811,700 | ||||||
| Conversion Of Stock, Gain On Conversion Of Stock | $ 2,929,084 | ||||||
| Convertible Preferred Stock, Terms of Conversion | Series A stockholder to exchange the Conversion Shares into shares of common stock and related warrants equal to the Series A Preferred Stock purchase price plus accrued dividends at an exchange rate of $1.10 per Exchange Share and related Exchange Warrant. | ||||||
| Series A Convertible Preferred Stock [Member] | Warrant [Member] | |||||||
| Series A Convertible Preferred Stock [Line Items] | |||||||
| Payments of Debt Issuance Costs | 90,852 | 159,311 | |||||
| Series A Convertible Preferred Stock [Member] | Private Placement [Member] | |||||||
| Series A Convertible Preferred Stock [Line Items] | |||||||
| Payments of Debt Issuance Costs | $ 105,715 | $ 231,214 |