Quarterly report pursuant to Section 13 or 15(d)

Warrant Derivative Liability (Tables)

v2.4.0.6
Warrant Derivative Liability (Tables)
 9 Months Ended
Mar. 31, 2013
Fair Value Inputs, Liabilities, Quantitative Information [Table Text Block] The following table summarizes the inputs and assumptions used to calculate the fair value of the warrant derivative liability:
    March 31,
2013 		  March 31,
2013 		  March 31,
2013 		  June 30,
2012 		  June 30,
2012 		  June 30,
2012
Common stock price       $0.54           $0.76    
Exercise price   $1.82   -   $2.34   $1.82   -   $2.34
Risk-free interest rate       0.1%           0.2%    
Dividend yield       0           0    
Volatility       98.6%           100.0%    
Remaining contractual term (in years)       0.4           1.2