Quarterly report pursuant to Section 13 or 15(d)

Derivative Liabilities (Details)

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Derivative Liabilities (Details) - Initial Valuation [Member] - $ / shares
6 Months Ended 12 Months Ended
Dec. 31, 2016
Jun. 30, 2016
Summary of assumptions used in valuation model of derivatives liabilities    
Common stock issuable upon exercise of warrants 2,574,570 2,574,570
Market value of common stock on measurement date (1) [1] $ 1.09 $ 2.28
Risk free interest rate (2) [2] 1.47% 0.71%
Expected life in years 2 years 5 months 9 days 2 years 11 months 12 days
Expected volatility (3) [3] 108.00% 75.00%
Expected dividend yields (4) [4]
Maximum [Member]    
Summary of assumptions used in valuation model of derivatives liabilities    
Exercise price $ 11.25 $ 11.25
Minimum [Member]    
Summary of assumptions used in valuation model of derivatives liabilities    
Exercise price $ 7.50 $ 7.50
[1] Quoted market value of the common stock, reflects a one-for-five reverse stock split.
[2] The risk-free interest rate was determined by management using the applicable Treasury Bill as of the measurement date.
[3] The historical trading volatility was determined by calculating the volatility of the Company's stock at December 31, 2016 and the Company's peer group at June 30, 2016.
[4] The Company does not expect to pay a dividend in the foreseeable future.