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Summary of Significant Accounting Policies (Tables)

6 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

The following table shows the number of potentially outstanding dilutive common shares excluded from the diluted net loss per common share calculation, as they were anti-dilutive:

		Potentially Outstanding Dilutive Common Shares
		For the				For the
		Three Months				Six Months
		Ended				Ended
		December 31, 2016				December 31, 2015
Warrants			6,650,996				6,010,971
Total potentially outstanding dilutive common shares			6,650,996				6,010,971

The following represents a reconciliation of the numerators and denominators of the basic and diluted per share calculations for loss from continuing operations:

		For the three months ended								For the six months ended
		December 31,								December 31,
		2016				2015				2016				2015
Calculation of basic loss per share of common stock:
Net loss attributable to common stockholders		$	(1,546,400)			$	(2,775,292)			$	(4,607,843)			$	(4,082,246)
Denominator for basic weighted average shares of common stock			58,205,494				57,588,081				58,192,721				57,431,198
Basic loss per share of common stock		$	(0.03)			$	(0.05)			$	(0.08)			$	(0.07)
Calculation of diluted loss per share of common stock:
Net loss attributable to common stockholders		$	(1,546,400)			$	(2,775,292)			$	(4,607,843)			$	(4,082,246)
Add: Income impact of assumed conversion of Debentures			-				-				-				-
Net loss attributable to common stockholders plus assumed conversions		$	(1,546,400)			$	(2,775,292)			$	(4,607,843)			$	(4,082,246)
Denominator for basic weighted average shares of common stock			58,205,494				57,588,081				58,192,721				57,431,198
Incremental shares from assumed conversions of Debentures payable			-				-				-				-
Denominator for diluted weighted average shares of common stock			58,205,494				57,588,081				58,192,721				57,431,198
Diluted loss per share of common stock		$	(0.03)			$	(0.05)			$	(0.08)			$	(0.07)

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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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