XML 30 R36.htm IDEA: XBRL DOCUMENT

State of Texas Funding (Details Narrative) (USD $)	9 Months Ended
State of Texas Funding (Details Narrative) (USD $)	Mar. 31, 2013
State Of Texas Funding
Texas Emerging Technology Fund, proceeds	$ 1,800,000
Texas Emerging Technology Fund, research and development arrangement	In March 2010, the Texas Emerging Technology Fund awarded 1st Detect $1.8 million for the development and marketing of the Miniature Chemical Detector, a portable mass spectrometer designed to serve the security, healthcare and industrial markets. In exchange for the award, 1st Detect granted a common stock purchase right and a note payable to the State of Texas. The common stock purchase right is exercisable at the first Qualifying Financing Event ("QFE"). The shares available to the State of Texas is calculated as the total disbursements divided by the stock price established in the QFE. If the first QFE does not occur within 18 months of the agreement's effective date, which was extended to March 31, 2013, the number of shares available for purchase will equal the total disbursements divided by $100.
Texas Emerging Technology Fund, accrued interest	8.00%

Describes the terms of significant agreements under research and development arrangements accounted for as a contract to perform research and development for others (including royalty arrangements, purchase provisions, license agreements, and commitments to provide additional funding), aggregated by similar arrangements or individually if necessary to understand the effects on the financial statements.

+ References+ Details