XML 42 R31.htm IDEA: XBRL DOCUMENT v3.6.0.2
Summary of Significant Accounting Policies (Details Textual) - USD ($)
 3 Months Ended 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Jun. 30, 2016
Accounting Policies [Line Items]          
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 6,650,996     6,010,971  
Debt Instrument, Redemption, Description     the Company, at its sole option, shall have the right, but not the obligation, to repurchase the Debenture at any time prior to the Maturity Date (the “Redemption”). If the Company intends to repurchase the Debenture, and if the closing bid price of the Common Stock is greater than $5.25 on the Redemption Date, unless the Holder, on or prior to the Redemption Date, elects to receive the “Redemption Payment”, as that term is defined herein, the Company shall pay to the Holder: (i) 952,381 shares of Common Stock in consideration of the exchange of the principal amount of the Debenture; and (ii) any and all accrued coupon interest. If on or prior to the Redemption Date, the Holder elects to receive the Redemption Payment, or the closing bid price of the Common Stock is less than $5.25, the Company shall issue to the Holder: (i) the principal amount of the Debenture; (ii) any accrued coupon interest; (iii) additional interest of 7% per annum for the period from the date of issuance of the Debenture to the Redemption Date; and (iv) warrants to purchase 619,048 shares of Common Stock which shall expire in three years from the date of issuance at an exercise price of $6.05 per share of Common Stock (the “Redemption Warrants”, and collectively with (i) – (iv), the “Redemption Payment”). The Company shall use its best efforts to register the shares underlying the Redemption Warrants under a “shelf” registration statement, provided same is available to the Company, in accordance with the provisions of the Securities Act.    
Series B Convertible Debentures [Member]          
Accounting Policies [Line Items]          
Debt Instrument, Periodic Payment, Interest $ 40,000 $ 40,000 $ 160,000 $ 160,000  
Common Stock Value Issued for Debt instrument Periodic Interest Payment $ 80,000 $ 80,000 $ 80,000 $ 80,000  
Common Stock Shares Number Of Shares Authorized For Issuance     73,733 66,666  
Series A Convertible Preferred Stock [Member]          
Accounting Policies [Line Items]          
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount     14,372,841    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price $ 3.5   $ 3.5    
Convertible Preferred Stock, Terms Of Conversion     60% or less    
Preferred Stock, Shares Issued 4,106,526   4,106,526   4,091,094
Common Stock [Member] | Series B Convertible Debentures [Member]          
Accounting Policies [Line Items]          
Debt Conversion, Converted Instrument, Shares Issued     1,714,286    
Debt Instrument, Convertible, Conversion Price $ 3.50   $ 3.50    
Common Stock [Member] | Series C Convertible Debentures [Member]          
Accounting Policies [Line Items]          
Debt Conversion, Converted Instrument, Shares Issued     952,381