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Income Taxes (Tables)

12 Months Ended

Jun. 30, 2015

Income Taxes [Abstract]

Schedule of deferred tax assets

		June 30,  2015				June 30,  2014
Deferred tax assets:
Net operating loss		$	8,257,000			$	3,556,600
Stock-based compensation			4,268,200				4,248,700
Research and development tax credits			767,000				197,700
Accruals			46,400				22,900
Other			2,900				2,900
Valuation allowance			(13,341,500	)			(8,028,800	)
Total		$	-			$	-

Reconciliation of the statutory tax rate to the effective tax rate

		Year Ended June 30, 2015				Six Months Ended June 30, 2014				Year Ended December 31, 2013
Statutory federal income tax rate			34	%			34	%			34	%
State (net of federal benefit)			6.6	%			6.6	%			6.6	%
Non-deductible expenses			(9.7	)%			(13.1	)%			(29.7	)%
Other			0.6	%			(2.3	)%			-
Change in valuation allowance			(31.5	)%			(25.2	)%			(10.9	)%
Effective income tax rate			0	%			0	%			0	%

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- References

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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=6907707&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=6907707&loc=d3e32687-109319

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