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Income Taxes (Tables)

12 Months Ended

Jun. 30, 2016

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The following table reflects the reconciliation for the respective periods:

		Year Ended June 30,
		2016								2015
Benefit at statutory rate		$	(9,581,229	)			(34.00	)%		$	(2,634,087	)			(34.00	)%
State income taxes, net of federal benefit			(853,203	)			(3.03	)%			(216,183	)			(2.79	)%
Stock based compensation			7,156				0.03	%			426,725				5.51	%
Interest on convertible debt			75,148				0.27	%			—				0.00	%
Change in valuation allowance			8,672,155				30.77	%			2,397,527				30.95	%
Reduction of net operating losses upon deconsolidation			1,674,110				5.94	%			—				0.00	%
Other			5,863				0.02	%			2,108				0.03	%
Net income tax provision (benefit)		$	—				0.00	%		$	(23,910	)			(0.30	)%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The approximate tax effects of significant temporary differences which comprise the deferred tax assets and liabilities are as follows for the respective periods:

		2016				2015
Deferred tax assets (liabilities):
Deferred revenue		$	—			$	190,000
Deferred rent			5,000				—
Accrued expenses			445,000				73,000
Net operating loss carry forward			9,202,000				6,337,000
Intangibles			606,000				453,000
Share-based compensation			327,000				—
Acquired in-process research and development			—				(2,779,000	)
Unrealized loss on investment			360,000				—
Warrant liability			153,000				—
Inventory			192,000				—
Allowance for doubtful accounts			15,000				—
Total deferred income tax assets (liabilities)			11,305,000				4,274,000
Less: Valuation allowance			(11,305,000	)			(4,274,000	)
Total deferred income tax assets (liabilities)		$	—			$	—

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- References

No definition available.

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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=65882285&loc=d3e32537-109319

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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=65882285&loc=d3e32687-109319

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