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Fixed Assets
 6 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]

Note 2 — Fixed Assets

Fixed assets are recorded at cost and, once placed in service, are depreciated on the straight-line method over the estimated useful lives. Fixed assets consist of the following:
 
 
 
Estimated
Useful Lives
in years
 
As of
December 31,
2015
 
As of
June 30,
2015
Office equipment and furniture
 
 
3 – 5
 
 
$
108,000
 
 
$
—
 
Lab equipment
 
 
3 – 5
 
 
 
90,000
 
 
 
90,000
 
Leasehold improvements
 
 
3
 
 
 
18,000
 
 
 
—
 
Manufacturing equipment
 
 
5
 
 
 
7,000
 
 
 
—
 
Less accumulated depreciation and amortization
 
 
 
 
 
(79,000
) 
 
 
(60,000
) 
Fixed assets, net
 
 
 
 
$
144,000
 
 
$
30,000