Fair Value Measurements (Tables)

9 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

Fair Value of Assets and Liabilities

The following table sets forth the Company’s financial assets and liabilities measured at fair value by level within the fair value hierarchy. As required by ASC 820, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

			Fair Value at March 31, 2016						June 30, 2015
Assets	Total		Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	7,070,985		7,070,985		—		—	$	9,282,534
Marketable Securities	$	-		—		—		—	$	14,657