Convertible Note Issuance Costs (Details) |
6 Months Ended |
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Dec. 31, 2014
USD ($)
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Debt Disclosure [Abstract] | |
Placement fee | $ 553,490 |
Fair value of Financing Warrants at time of issuance | 212,155 |
Attorney fees | 79,679 |
Escrow fees | 3,500 |
Beneficial conversion feature | 212,155 |
Accumulated amortization | (151,568) |
Net issuance costs | 909,411 |
Convertible Notes | 6,000,000 |
Convertible Notes discount net of amortization | (909,411) |
Convertible Notes, net of discount | $ 5,090,589 |
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- Definition The amount of expense during the period for attorney fees. No definition available.
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- Definition Amount of short-term debt before deduction of unamortized discount or premium. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, with initial maturities within one year or the normal operating cycle, if longer. No definition available.
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- Definition The amount of expense during the period for escrow fees. No definition available.
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- Definition Amount of expense (income) related to adjustment to fair value of warrant from issuance of rights to purchase common shares at predetermined price. No definition available.
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- Definition Amount of noncash expense included in interest expense to allocate debt discount and premium, and the costs to issue debt and obtain financing over the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of a written promise to pay a note, initially due after one year or beyond the operating cycle if longer, which can be exchanged for a specified amount of one or more securities (typically common stock), at the option of the issuer or the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of a favorable spread to a debt holder between the amount of debt being converted and the value of the securities received upon conversion. This is an embedded conversion feature of convertible debt issued that is in-the-money at the commitment date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of debt issuance costs (for example, but not limited to, legal, accounting, broker, and regulatory fees). No definition available.
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- Definition The amount of expense during the period for floor brokerage fees paid to other broker-dealers to execute trades on their behalf, stock exchange fees, order flow fees, and clearance fees. No definition available.
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