PREFERRED DIVIDENDS (Tables)

3 Months Ended

Sep. 30, 2012

Preferred Dividends

Pro forma effect of a Dividend Adjustment

The pro-forma effect of a Dividend Adjustment is shown in the table below: 

	Fiscal Quarter Ended September 30, 2012						Variance
	As Reported			Pro-forma			Dollars			Percent
Dividends on Series A Preferred		$	86,402		$	177,095		$	90,693		105	%
Net loss applicable to common shareholders		$	(5,588)		$	(96,281)		$	(90,693)		-1,623	%
Basic and diluted loss per share		$	(0.00)		$	(0.01)		$	(0.01)		-1,623	%