Annual report pursuant to Section 13 and 15(d)

Income Taxes (Details 2)

v2.4.0.8
Income Taxes (Details 2)
12 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Statutory federal income tax rate 34.00% 34.00%
State (net of federal benefit) 6.00% 6.00%
Non-deductible expenses - change in fair value of derivative financial liability 0.00% 3.00%
Research and development tax credit 1.00% 4.00%
Other 0.00% (2.00%)
Change in valuation allowance (41.00%) (45.00%)
Effective income tax rate 0.00% 0.00%