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
9 Months Ended
Mar. 31, 2018
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 March 31, 2018 and June 30, 2017 due to their short-term nature. The carrying value of the capital lease obligation approximated its fair value as of March 31, 2018 and June 30, 2017 as the interest rate used to discount the lease payments approximated market.