Quarterly report pursuant to Section 13 or 15(d)

Income Taxes

v3.4.0.3
Income Taxes
9 Months Ended
Mar. 31, 2016
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block]
13.
Income Taxes
 
The Company recorded no income tax expense for the nine months ended March 31, 2016 and 2015 because the estimated annual effective tax rate was zero. As of March 31, 2016, the Company continues to provide a valuation allowance against its net deferred tax assets since the Company believes it is more likely than not that its deferred tax assets will not be realized.