Quarterly report pursuant to Section 13 or 15(d)

Warrant Derivative Liability (Tables)

v2.4.0.8
Warrant Derivative Liability (Tables)
9 Months Ended
Mar. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
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:
 
 
 
June 30,
 
 
 
2013
 
Common stock price
 
$
0.42
 
Exercise price
 
$
1.53 - $1.97
 
Risk-free interest rate
 
 
0.04
%
Dividend yield
 
 
0
%
Volatility
 
 
97.9
%
Remaining contractual term (in years)
 
 
0.2