Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments and Fair Value Measurement

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Financial Instruments and Fair Value Measurement
6 Months Ended
Dec. 31, 2013
Fair Value Disclosures [Abstract]  
Fair Value Disclosures [Text Block]
4.
Financial Instruments and Fair Value Measurement
 
The carrying values of cash, accounts receivable, prepaid expenses and other current assets, accounts payable and accrued expenses in the Company’s condensed consolidated balance sheets approximated their fair values as of December 31, 2013 and June 30, 2013 due to their short-term nature. The warrant derivative liability is carried on the condensed consolidated balance sheets at fair value, which was $-0- as of both December 31, 2013 and June 30, 2013. See Note 7 - Warrant Derivative Liability for additional information.