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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 640,731us-gaap_ShareBasedCompensation 986,317us-gaap_ShareBasedCompensation
Changes in operating assets and liabilities:    
Decrease (increase) in prepaid expenses (42,190)us-gaap_IncreaseDecreaseInPrepaidExpense 7,767us-gaap_IncreaseDecreaseInPrepaidExpense
Increase in accounts payable and other accrued liabilities 40,193us-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 0us-gaap_PaymentsToAcquireNotesReceivable (100,000)us-gaap_PaymentsToAcquireNotesReceivable
Proceeds from Collection of Notes Receivable 0us-gaap_ProceedsFromCollectionOfNotesReceivable 100,000us-gaap_ProceedsFromCollectionOfNotesReceivable
Net cash used in investing activities 0us-gaap_NetCashProvidedByUsedInInvestingActivities 0us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from (Repayments of) Restricted Cash, Financing Activities (4,985,239)us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities 0us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
Proceeds from Other Debt 5,000,000us-gaap_ProceedsFromOtherDebt 0us-gaap_ProceedsFromOtherDebt
Net cash provided by financing activities 14,761us-gaap_NetCashProvidedByUsedInFinancingActivities 0us-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 3,448,501us-gaap_CashAndCashEquivalentsAtCarryingValue 13,027,932us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 2,057,390us-gaap_CashAndCashEquivalentsAtCarryingValue $ 3,942,491us-gaap_CashAndCashEquivalentsAtCarryingValue