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Income Taxes (Tables)

12 Months Ended

Jun. 30, 2016

Income Taxes [Abstract]

Schedule of deferred tax assets

		June 30,  2016				June 30,  2015
Deferred tax assets:
Net operating loss		$	13,381,000			$	9,818,000
Stock-based compensation			168,000				61,000
Research and development tax credits			827,000				767,000
Accruals			67,000				46,000
Other			74,000				80,000
Loss: valuation allowance			(14,517,000	)			(10,772,000	)
Total		$	-			$	-

Reconciliation of the statutory tax rate to the effective tax rate

		Year Ended June 30, 2016				Year Ended June 30,  2015
Statutory federal income tax rate			34	%			34	%
State (net of federal benefit)			6.0	%			6.6	%
Non-deductible expenses			25	%			(9.7	)%
Other			-	%			0.6	%
Change in valuation allowance			(65	)%			(31.5	)%
Effective income tax rate			0	%			0	%

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- References

No definition available.

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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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