Commitments and Contingencies (Tables)

9 Months Ended

Mar. 31, 2016

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 March 31, 2016:

			Remaining
	Total		2016		2017		2018		2019		2020		Thereafter

Management fee	$	901,000	$	53,000	$	212,000	$	212,000	$	212,000	$	212,000	$	-
Primsol business		1,250,000		1,000,000		250,000		-		-		-		-
Manufacturing agreement		1,000,000		1,000,000		-		-		-		-		-
Office Lease		351,000		34,000		142,000		145,000		30,000		-		-
Sponsored research agreement with related party		298,000		18,000		70,000		70,000		70,000		70,000		-
	$	3,800,000	$	2,105,000	$	674,000	$	427,000	$	312,000	$	282,000	$	-

Schedule of Rent Expense [Table Text Block]

Rent expense for the respective periods is as follows:

	Three Months Ended March 31,				Nine Months Ended March 31,
	2016		2015		2016		2015

Rent expense	$	35,000	$	3,000	$	86,000	$	43,000