Commitments and Contingencies (Tables)

6 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments And Contingencies Disclosure [Table Text Block]

Commitments and contingencies are described below and summarized by the following table for the designated fiscal years ending June 30, as of December 31, 2015:

	Total		Remaining 2016		2017		2018		2019		2020		Thereafter

Management fee	$	1,620,000	$	180,000	$	360,000	$	360,000	$	360,000	$	360,000	$	-
Primsol business		1,250,000		1,000,000		250,000		-		-		-		-
Manufacturing agreement		1,000,000		1,000,000		-		-		-		-		-
Office Lease		385,000		68,000		142,000		145,000		30,000		-		-
Sponsored research agreement with related party		315,000		35,000		70,000		70,000		70,000		70,000		-
	$	4,570,000	$	2,283,000	$	822,000	$	575,000	$	460,000	$	430,000	$	-

Schedule of Rent Expense [Table Text Block]

Rent expense for the respective periods is as follows:

	Three Months Ended December 31,				Six Months Ended December 31,
	2015		2014		2015		2014

Rent expense	$	34,000	$	22,000	$	51,000	$	40,000