Significant Accounting Policies and Recent Accounting Pronouncements (Tables)
 12 Months Ended
Jun. 30, 2016
Significant Accounting Policies And Recent Accounting Pronouncements Tables  
Schedule of components of stock based compensation related to stock options recognized in the company's statement of operations
   

June 30,

2016

    

June 30,

2015

    

June 30,

2014

  
Research and development expenses                  
Consulting fees   $ 188,000     $ 55,000     $ 389,000  
Employees’ bonus     -       103,000       -  
Officers’ bonus     33,000       230,000       -  
                         
Professional expenses     432,000       -       -  
                         
General and administrative expenses                        
Directors’ fees     60,000       -       -  
Employees’ bonus     -       12,000       105,000  
Consulting fees     -       -       54,000  
                         
Total share-based compensation expense   $ 713,000     $ 400,000     $ 548,000