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Income Taxes (Tables)

12 Months Ended

Jun. 30, 2016

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes consists of the following for the years ended June 30, 2016 and 2015:

		Years Ended June 30,
		2016			2015
Current
Federal		$	-		$	-
State			3,796			4,892
Foreign (Mexico)			24,366			26,000
Deferred
Federal			-			-
Foreign			-			-
State			-			-
Provision for income tax expense		$	28,162		$	30,892

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation of the effective income tax rate to the federal statutory rate is as follows:

		Years Ended June 30,
		2016			2015
Federal income tax rate			34.0	%		34.0	%
State tax, net of federal benefit			(5.0)	%		(5.0)	%
Permanent differences			(5.6)	%		167.1	%
Effect of reversal of deferred tax liability			-	%		-	%
Change in valuation allowance			(29.6)	%		(200.1)	%
Other			-	%		-	%
Effective income tax rate			(6.2)	%		(4.0)	%

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company's deferred tax assets and liabilities at June 30, 2016 and 2015 are as follows:

		June 30,  2016			June 30,  2015
Deferred tax assets:
Federal net operating loss carryforward		$	2,016,304		$	2,482,321
State net operating loss carryforward			415,279			536,444
Intangibles amortization			243,929			239,483
Stock based compensation			1,378,602			1,135,879
Other			200,602			166,602
Total deferred tax assets			4,254,716			4,560,729
Deferred tax liability
Intangible Assets			-			-
Fixed asset depreciation			48,252			42,211
Net deferred tax assets			4,302,968			4,602,940
Less valuation allowance			(4,302,968)			(4,602,940)
		$	-		$	-

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- References

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319

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