Quarterly report pursuant to Section 13 or 15(d)

Stockholders Equity (Tables)

v3.6.0.2
Stockholders Equity (Tables)
6 Months Ended
Dec. 31, 2016
Stockholders Equity [Abstract]  
Summary of changes in options
    Number 
of 
Options
    Weighted Average Exercise Price For Share     Weighted Average Remaining Contractual Term (Years)     Aggregate Intrinsic 
Value
 
Outstanding at June 30, 2016     642,204     $ 6.41       7.7     $ 21,500  
Forfeited     (82,232  )     6.41       -     $ -  
Outstanding and expected to vest at December 31, 2016     559,972     $ 6.41       7.2     $ -  
Options exercisable at December 31, 2016     383,202     $ 5.79       8.04     $ -  
Summary of black-scholes option pricing model assumptions used to determine the fair value of options granted
    For the Six Months Ended
December 31,
 
    2015  
Risk free interest rate     1.7 %
Dividend yield     0 %
Volatility     74 %
Expected term (in years)     6.25  
Summary of the changes in restricted stock
    Number of Shares     Weighted Average Price Per Share  
Unvested restricted stock awards at June 30, 2016     49,625       14.10  
Forfeited     (7,000 )     13.45  
Outstanding and expected to issue at December 31, 2016     42,625       14.21  
Schedule of stock-based compensation expense
    Three Months Ended     Six Months Ended  
    December 31,     December 31,  
    2016     2015     2016     2015  
Research and development   $ 21,500       52,200     $ 64,100       104,500  
General and administrative     110,500       235,500       240,000       466,700  
Total   $ 132,000       287,700     $ 304,100       571,200