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v2.4.1.9

Consolidated Statements of Cash Flows (USD $) | 9 Months Ended
--- | ---
Mar. 31, 2015 | Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES: |  |
Net loss | $ (2,044,606)us-gaap_NetIncomeLoss | $ (8,471,985)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities: |  |
Stock-based compensation | 640,731 us-gaap_ShareBasedCompensation | 986,317 us-gaap_ShareBasedCompensation
Changes in operating assets and liabilities: |  |
Decrease (increase) in prepaid expenses | (42,190)us-gaap_IncreaseDecreaseInPrepaidExpense | 7,767 us-gaap_IncreaseDecreaseInPrepaidExpense
Increase in accounts payable and other accrued liabilities | 40,193 us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (1,607,540)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Net cash used in operating activities | (1,405,872)us-gaap_NetCashProvidedByUsedInOperatingActivities | (9,085,441)us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH FLOWS FROM INVESTING ACTIVITIES: |  |
Payments to Acquire Notes Receivable | 0 us-gaap_PaymentsToAcquireNotesReceivable | (100,000)us-gaap_PaymentsToAcquireNotesReceivable
Proceeds from Collection of Notes Receivable | 0 us-gaap_ProceedsFromCollectionOfNotesReceivable | 100,000 us-gaap_ProceedsFromCollectionOfNotesReceivable
Net cash used in investing activities | 0 us-gaap_NetCashProvidedByUsedInInvestingActivities | 0 us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH FLOWS FROM FINANCING ACTIVITIES: |  |
Proceeds from (Repayments of) Restricted Cash, Financing Activities | (4,985,239)us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities | 0 us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
Proceeds from Other Debt | 5,000,000 us-gaap_ProceedsFromOtherDebt | 0 us-gaap_ProceedsFromOtherDebt
Net cash provided by financing activities | 14,761 us-gaap_NetCashProvidedByUsedInFinancingActivities | 0 us-gaap_NetCashProvidedByUsedInFinancingActivities
NET INCREASE IN CASH AND CASH EQUIVALENTS | (1,391,111)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (9,085,441)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 3,448,501 us-gaap_CashAndCashEquivalentsAtCarryingValue | 13,027,932 us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ 2,057,390 us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 3,942,491 us-gaap_CashAndCashEquivalentsAtCarryingValue

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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash -URI http://asc.fasb.org/extlink&oid=6506951 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash Equivalents -URI http://asc.fasb.org/extlink&oid=6507016 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.1) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3044-108585 + Details
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