v2.4.0.8
Income Taxes (Tables)
9 Months Ended
Mar. 31, 2014
Income Taxes [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation
  
March 31,
2014
 
Statutory rate
  
34.0
%
State income taxes
  
5.8
%
Permanent differences
  
2.3
%
Valuation allowance
  
(42.5
)%
Other
  
0.4
Total
  
0.0
%
 
Schedule of Deferred Tax Assets and (liabilities)
 
   
March 31,
2014
   
June 30,
2013
 
Net operating losses carryforward
 
$
4,197,125
   
$
2,002,842
 
Start-up costs and fixed assets, net of amortization
   
120,011
     
60,005
 
Property and equipment
   
159,025
     
56,270
 
Stock based compensation
   
399,261
     
192,786
 
Gross deferred taxes
 
$
4,875,422
   
$
2,311,903
 
Valuation allowance
   
(4,875,422
)
   
(2,311,903
)
Net deferred taxes
 
$
-
   
$
-