Equity Transactions (Tables)

12 Months Ended

Jun. 30, 2017

Schedule of Stockholders Equity [Table Text Block]

For the year ended June 30, 2015, the Company estimated the fair value of the warrants granted quarterly to the Scientific Advisory Board on the date of grant using the Black-Scholes Option-Pricing Model with the following weighted-average assumptions:

Expected life (year)	4
Expected volatility	37.44% -45.84	%
Expected annual rate of quarterly dividends	0.00	%
Risk-free rate(s)	1.20 - 1.67	%

For the year ended June 30, 2016, the Company estimated the fair value of the warrants granted quarterly to the Scientific Advisory Board on the date of grant using the Black-Scholes Option-Pricing Model with the following weighted-average assumptions:

Expected life (year)	4
Expected volatility	57.81% -73.40	%
Expected annual rate of quarterly dividends	0.00	%
Risk-free rate(s)	1.07 - 1.63	%

For the year ended June 30, 2017, the Company estimated the fair value of the warrants granted quarterly to the Scientific Advisory Board on the date of grant using the Black-Scholes Option-Pricing Model with the following weighted-average assumptions:

Expected life (year)	4
Expected volatility	55.57% -87.09	%
Expected annual rate of quarterly dividends	0.00	%
Risk-free rate(s)	1.00 - 1.79	%

Series B Convertible Debentures [Member]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The Company estimated the fair value of the warrants issued to the Holders of the Company’s Series B Debentures on the date of issuance using the Black-Scholes Option-Pricing Model. 

Expected life (year)	3
Expected volatility	44.18	%
Expected annual rate of quarterly dividends	0.00	%
Risk-free rate(s)	1.01	%

Series A Preferred Stock [Member]

Schedule Of Fair Value Of Stock Classified By Issuance Date [Table Text Block]

The fair value of the Series A Preferred stock at each date of issuance was as follows:

Date	Shares		Value
7/31/2014		2,572	$	25,821
8/31/2014		2,572		27,560
9/30/2014		2,572		19,602
10/31/2014		2,572		18,765
11/30/2014		2,572		22,025
12/31/2014		2,572		18,849
1/31/2015		2,572		16,501
2/28/2015		2,572		15,943
3/31/2015		2,572		16,299
4/30/2015		2,572		14,124
5/31/2015		2,572		11,460
6/30/2015		172,216		645,811
		200,508	$	852,760

The fair value of the Series A Preferred stock at each date of issuance was as follows:

Date	Shares		Value
7/21/2015		408,839	$	1,587,669
7/31/2015		2,572		10,998
8/31/2015		2,572		9,631
9/30/2015		2,572		7,220
10/31/2015		2,572		7,440
11/30/2015		2,572		7,837
12/31/2015		2,572		8,068
1/31/2016		43,732		167,677
2/29/2016		2,572		9,332
3/31/2016		2,572		15,565
4/30/2016		2,572		14,948
5/31/2016		2,572		11,332
6/30/2016		29,358		153,490
		507,649	$	2,011,207

The fair value of the Series A Preferred stock was the following for the dates indicated:

Date	Shares		Value
7/31/2016		2,572	$	11,439
8/31/2016		2,572		11,978
9/30/2016		2,572		10,847
10/31/2016		2,572		9,591
11/30/2016		2,572		7,631
12/31/2016		2,572		6,583
1/25/2017		200,000		512,984
1/31/2017		2,572		6,231
2/28/2017		2,572		6,357
3/03/2017		26,786		65,630
3/31/2017		2,572		6,493
4/30/2017		2,572		6,679
5/31/2017		2,572		7,500
6/30/2017		2,572		7,633
		257,650	$	677,576