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Common Stock Warrants
6 Months Ended
Dec. 31, 2011
Common Stock Warrants [Abstract]  
Common Stock Warrants
7. Common Stock Warrants
 
As of December 31, 2011, there were 8,048,386 Common Stock warrants outstanding, all of which were currently exercisable at exercise prices ranging from $1.13 to $7.70 per share. In accordance with ASC Topic 815, Derivatives and Hedging, 4,803,955 of the warrants are subject to liability accounting. Therefore, the fair value of the warrants is included on the Company’s consolidated balance sheets and changes in the fair value are included in the Company’s consolidated statements of operations (see Note 5). The foregoing does not reflect warrants exercisable for up to 6,904,887 shares at $2.20 per share or 609,376 shares at $6.40 per share which expired on December 31, 2011.