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Income Taxes (Tables) | 9 Months Ended
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Mar. 31, 2015
Income Tax Disclosure [Abstract] |
Reconciliation of Income Taxes | The following table reflects the reconciliation for the respective periods:
|  | Years Ended June 30, |  |  | March 31, 2015 |
|  | 2014 |  |  | 2013 |  |
|  |  |  |  |  |  |  | (unaudited) |
Benefit at federal statutory rate |  |  | (34.00 | )% |  |  | (34.00 | )% |  |  | (34.00 | )%
State, net of federal income tax benefit |  |  | (2.89 | )% |  |  | (2.85 | )% |  |  | (2.89 | )%
Stock-based compensation |  |  | 1.84 | % |  |  | 2.31 | % |  |  | 1.79 | %
Change in valuation allowance |  |  | 22.29 | % |  |  | 10.26 | % |  |  | 34.65 | %
Other |  |  | 0.03 | % |  |  | 0.0 | % |  |  | 0.03 | %
Effective tax rate |  |  | (12.73 | )% |  |  | (24.28 | )% |  |  | (0.42 | )%
Schedule of Deferred Tax Assets and Liabilities | The approximate tax effects of significant temporary differences which comprise the deferred tax assets and liabilities are as follows for the respective periods:
|  | 2014 |  |  | 2013 |  |  | Nine Months Ended March 31, 2015 |
|  |  |  |  |  |  |  | (unaudited) |
Current deferred income tax asset: |  |  |  |  |  |  |  |  |  |  |  |
Deferred revenue short-term |  | $ | 32,000 |  |  | $ | 18,000 |  |  | $ | 31,000 |
Valuation allowance |  |  | (13,000 | ) |  |  | (3,000 | ) |  |  | (18,000 | )
Total current deferred income tax asset |  |  | 19,000 |  |  |  | 15,000 |  |  |  | 13,000 |
Long-term deferred income tax assets (liabilities): |  |  |  |  |  |  |  |  |  |  |  |
Net operating loss carryforward |  |  | 3,847,000 |  |  |  | 1,704,000 |  |  |  | 5,688,000 |
Section 197 intangible |  |  | 482,000 |  |  |  | 515,000 |  |  |  | 458,000 |
Deferred revenue long-term |  |  | 190,000 |  |  |  | 132,000 |  |  |  | 166,000 |
Share-based compensation expense |  |  | 80,000 |  |  |  | 22,000 |  |  |  | 249,000 |
Acquired patents |  |  | — |  |  |  | — |  |  |  | — |
Acquired in-process research and development |  |  | (2,779,000 | ) |  |  | (2,779,000 | ) |  |  | (2,779,000 | )
Less: Valuation allowance |  |  | (1,863,000 | ) |  |  | (447,000 | ) |  |  | (3,795,000 | )
Total long-term deferred income tax assets (liabilities) |  |  | (43,000 | ) |  |  | (853,000 | ) |  |  | (13,000 | )
Total deferred income tax assets (liabilities) |  | $ | (24,000 | ) |  | $ | (838,000 | ) |  | $ | — |

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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 + Details
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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 + Details
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