v2.4.0.8
Income Taxes (Tables)
6 Months Ended
Dec. 31, 2013
Income Taxes [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation
 
 
December 31,
2013
 
Statutory rate
   
34.0
%
State income taxes
   
6.0
%
Permanent differences
   
(15.7
)%
Valuation allowance
   
(21.4
)%
Other
    (2.7 )% 
Total
   
0.0
%
Schedule of Deferred Tax Assets and (liabilities)
 
 
 
December 31,
2013
   
June 30,
2013
 
Net operating losses carryforward
 
$
2,159,286
   
$
2,002,842
 
Start-up costs and fixed assets, net of amortization
   
120,011
     
60,005
 
Property and equipment
   
126,955
     
56,270
 
Stock based compensation
   
340,217
     
192,786
 
Gross deferred taxes
 
$
2,746,569
   
$
2,311,903
 
Valuation allowance
   
(2,746,569
)
   
(2,311,903
)
Net deferred taxes
 
$
-
   
$
-