Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Details Textual)

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Stockholders' Equity (Details Textual) - USD ($)
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2014
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Jun. 30, 2016
Stockholders Equity Note [Line Items]            
Preferred stock, par value   $ 1.00   $ 1.00   $ 0.001
Preferred stock, shares authorized   5,000,000   5,000,000   5,000,000
Preferred stock, shares issued   278,530   278,530   278,530
Preferred stock special voting shares issued   1   1   1
Common stock, shares authorized   50,000,000   50,000,000   50,000,000
Common stock, par value   $ 0.001   $ 0.001   $ 0.001
Common stock, shares issued (in shares)   11,675,174   11,675,174   11,187,023
Common stock, shares outstanding   11,187,023   11,187,023   11,187,023
Preferred stock, rate of dividend       3.00%   9.00%
Series B preferred stock dividends, shares   49,955 0 150,844 0  
Converted shares of common stock   6,250 0 37,188 0  
Common stock issued and outstanding exchanged basis   982,761   982,761    
Exchange Agreement [Member]            
Stockholders Equity Note [Line Items]            
Preferred stock, par value $ 1.00          
Preferred stock, shares issued 278,530          
Preferred stock, rate of dividend 3.00%          
Series A shares [Member]            
Stockholders Equity Note [Line Items]            
Preferred stock, par value $ 1.00          
Preferred stock, shares issued 278,530 278,530   278,530   278,530
Preferred stock, shares outstanding   278,530   278,530   278,530
Preferred stock, rate of dividend 3.00%     3.00%    
Series A shares [Member] | Exchange Agreement [Member]            
Stockholders Equity Note [Line Items]            
Preferred stock, par value $ 1.00          
Preferred stock, shares issued 278,530          
Preferred stock, rate of dividend 3.00%          
Series B shares [Member]            
Stockholders Equity Note [Line Items]            
Preferred stock, shares issued   887,363   887,363   902,238
Preferred stock, shares outstanding   887,363   887,363   902,238
Preferred stock, rate of dividend           9.00%
Purchase price of shares           $ 8.00
Convertible preferred stock           2.5
Conversion price           $ 3.20
Series B preferred stock dividends, shares   49,955 0 150,844 0  
Converted shares of common stock   6,250 0 37,188 0  
Description of dividend payment          
Each share of Series B Preferred Stock is convertible into 2.5 shares of common stock equating to a conversion price of $3.20 (the "Conversion Price") and will automatically convert to common stock at the earlier of 24 hours following regulatory approval of VAL-083 with a minimum closing bid price of $8.00 or five years from the final closing dates. The holders of the Series B Preferred Stock are entitled to an annual cumulative, in arrears dividend at the rate of 9% payable quarterly. The 9% dividend accrues quarterly commencing on the date of issue and is payable quarterly on June 30, December 31, December 31, and March 31 of each year commencing on June 30, 2016.
Increase in accumulated deficit   $ 676,865 $ 0 $ 209,811 $ 0