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License Agreement/Revenue Recognition
9 Months Ended
Mar. 31, 2015
Text Block [Abstract]  
License Agreement/Revenue Recognition

Note 5 – License Agreement/Revenue Recognition

We have not generated material revenue in our operating history. The license revenue recognized in the 2015 periods and 2014 periods, respectively, represents the amortization of the upfront payments received on our license agreements. The initial payment of $500,000 from the license agreement of Zertane with a Korean pharmaceutical company was deferred and is being recognized over ten years. The initial payment of $250,000 from the license agreement of Zertane with a Canadian-based supplier was deferred and is being recognized over seven years.