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Derivative Liability (Details) (USD $)
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9 Months Ended | ||
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Mar. 31, 2013
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Jun. 30, 2012
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Mar. 31, 2013
Warrant [Member]
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| Summary of roll forward of fair value of warrant liability | |||
| Fair Value of Derivative Value at Issuance | $ 2,367,258 | $ 5,688,766 | |
| Repurchase of Warrants | (21,715) | ||
| Change in fair value in the nine-months ended March 31, 2013 | (3,299,793) | ||
| Balance at March 31, 2013 | $ 2,367,258 | $ 2,367,258 |
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- Details
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- Definition
Increase (decrease) in fair value of derivative liability. No definition available.
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- Definition
Fair value of derivative liability, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount paid by the entity to reacquire the right to purchase equity shares at a predetermined price, usually issued together with corporate debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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