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Business, Acquisition of Assets and Basis of Presentation (Tables) | 12 Months Ended
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Jun. 30, 2015
Accounting Policies [Abstract] |
Company's Allocation on Consideration Transferred for ProstaScint | The Company’s allocation on consideration transferred for ProstaScint as of the purchase date May 20, 2015 is as follows:
|  | Estimated Fair Value |
Tangible assets |  | $ | 727,000 |
Intangible assets |  |  | 1,590,000 |
Goodwill |  |  | 74,000 |
Total assets acquired |  | $ | 2,391,000 |
Unaudited Pro-forma Information | Pro Forma Information The unaudited pro-forma results presented below include the effects of the ProstaScint acquisition as if it has been consummated as of July 1, 2013, with adjustments to give effect to pro forma events that are directly attributable to the acquisition which includes adjustments related to the amortization of acquired intangible assets. The unaudited pro forma results do not reflect any operating efficiency or potential cost savings which may result from the consolidation of ProstaScint. Accordingly, these unaudited pro forma results are presented for informational purposes only and are not necessarily indicative of what the actual results of operation of the combined company would have been if the acquisition had occurred at the beginning of the period presented nor are they indicative of future results of operations and are not necessarily indicative of either future results of operations or results that might have been achieved had the acquisition been consummated as of July 1, 2013.
|  | Years ended June 30, |
|  | 2015 |  |  | 2014 |
Total revenue |  | $ | 1,371,106 |  |  | $ | 1,736,139 |
Expenses |  |  |  |  |  |  |  |
Cost of sales - ProstaScint |  |  | 1,818,690 |  |  |  | 2,054,786 |
Research and development |  |  | 3,065,626 |  |  |  | 3,933,619 |
Research and development - related party (Note 8) |  |  | 156,988 |  |  |  | 125,587 |
General and administrative |  |  | 4,417,884 |  |  |  | 2,388,665 |
Amortization and impairment of intangible assets |  |  | 131,989 |  |  |  | 100,000 |
Loss from operations |  |  | (8,220,071 | ) |  |  | (6,866,518 | )
Interest (expense) income |  |  | (114,994 | ) |  |  | (45,553 | )
Net loss, before income tax |  |  | (8,335,065 | ) |  |  | (6,912,071 | )
Deferred income tax benefit |  |  | 23,910 |  |  |  | 813,697 |
Net loss |  | $ | (8,311,155 | ) |  | $ | (6,098,374 | )

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 + Details
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