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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended 9 Months Ended 33 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Operating Expenses:          
General and administrative $ 356,412 [1] $ 237,667 $ 589,174 [1] $ 578,561 $ 1,953,896 [1]
Acquisition related costs 1,472,706 [1]    1,472,706 [1]    1,472,706 [1]
Loss from operations 1,829,118 [1] 237,667 2,061,880 [1] 578,561 3,426,602 [1]
Other income (expenses):          
Interest income 33 [1]    33 [1]    33 [1]
Interest expense (404,994) [1] (900) (413,335) [1] (1,908) (419,457) [1]
Realized and unrealized loss on derivatives (2,380,540) [1]    (2,380,540) [1]    (2,380,540) [1]
Total other income (expenses) (2,785,501) [1] (900) (2,793,842) [1] (1,908) (2,799,964) [1]
Loss from continuing operations (4,614,619) [1] (238,567) (4,855,722) [1] (580,469) (6,226,566) [1]
Loss from discontinued operations (212,479) [1]    (212,479) [1]    (212,479) [1]
Net loss $ (4,827,098) [1] $ (238,567) $ (5,068,201) [1] $ (580,469) $ (6,439,045) [1]
Basic and diluted net loss per share:          
Loss from continuing operations per share $ (0.42) [1] $ 0.00 $ (0.44) [1] $ 0.00  
Loss from discontinued operations per share $ (0.02) [1] $ (0.21) $ (0.02) [1] $ (0.50)  
Net loss per share $ (0.44) [1] $ (0.21) $ (0.46) [1] $ (0.50)  
Weighted average number of common shares outstanding - basic and diluted 10,918,321 [1] 1,161,804 10,918,321 [1] 1,161,804  
[1] Restated