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Summary of Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Jun. 30, 2015
Quarterly Financial Information Disclosure [Abstract]  
Summary of Unaudited Quarterly Results of Operations

The following table sets forth a summary of the unaudited quarterly results of operations for the years ended June 30, 2015 and 2014:

 

2015

 

Q1

 

 

Q2

 

 

Q3

 

 

Q4

 

Revenue

 

$

30,486

 

 

$

67,049

 

 

$

—

 

 

$

38,902

 

Net loss before other items

 

 

813,337

 

 

 

385,064

 

 

 

495,234

 

 

 

1,321,215

 

Net loss

 

 

1,467,214

 

 

 

1,094,320

 

 

 

1,214,312

 

 

 

1,455,361

 

Net loss per Common Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.18

 

 

$

0.13

 

 

$

0.15

 

 

$

0.18

 

Diluted

 

$

0.18

 

 

$

0.13

 

 

$

0.15

 

 

$

0.18

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

Q1

 

 

Q2

 

 

Q3

 

 

Q4

 

Revenue

 

$

5,000

 

 

$

—

 

 

 

38,860

 

 

$

33,837

 

Net loss before other items

 

 

670,096

 

 

 

686,159

 

 

 

569,555

 

 

 

659,870

 

Net loss

 

 

1,263,609

 

 

 

1,321,410

 

 

 

1,218,863

 

 

 

1,230,862

 

Net loss per Common Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.16

 

 

$

0.16

 

 

$

0.15

 

 

$

0.15

 

Diluted

 

$

0.16

 

 

$

0.16

 

 

$

0.15

 

 

$

0.15