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Derivative Liabilities (Tables)
12 Months Ended
Jun. 30, 2014
Notes to Financial Statements  
Fair value assumptions

 

 

    February 7, 2014     June 30, 2014  
Common stock issuable upon exercise of warrants     1,482,852       1,410,389  
Exercise price     $3.00     $0.90 and $1.10  
Market price of the Company’s common stock     $0.79       $1.75  
Risk free interest rate     0.34% - 0.69%       0.47%  
Dividend yield     0.00%       0.00%  
Volatility     365.22% - 381.90%       278.08%  
Expected term   1.89-3.12 years     1.48-2.04 years