12. DERIVATIVE FINANCIAL INSTRUMENTS (Details) - USD ($) |
12 Months Ended | |
|---|---|---|
Jun. 30, 2014 |
Jun. 30, 2013 |
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| Schedule of Derivative Instruments [Abstract] | ||
| Beginning Balance | $ 5,999,435 | $ 0 |
| Initial fair value of derivative warrants | 8,228,882 | |
| Change in fair value of derivatives | (5,350,627) | (2,229,447) |
| Issuance of warrants to investors and consultants | 245,423 | |
| Reclassification of Zolla share-based compensation liability | 558,446 | |
| Ending Balance | $ 1,452,677 | $ 5,999,435 |
| X | ||||||||||
- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of unrealized gain (loss) recognized in the income statement for a financial instrument classified as derivative asset (liability) after deduction of derivative liability (asset), measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- References No definition available.
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- References No definition available.
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