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

 

 

    September 30, 2014     June 30, 2014  
Common stock issuable upon exercise of warrants     1,411,564       1,410,389  
Exercise price   $ 1.10     $0.90 and $1.10  
Market price of the Company’s common stock   $ 1.70     $ 1.75  
Risk free interest rate     0.58 %     0.47 %
Dividend yield     0.00 %     0.00 %
Volatility     336.01 %     278.08 %
Expected term   1.23-1.79 years     1.48-2.04 years