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INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2013

Net deferred tax liabilities consist of the following components at June 30:

	2013			2012
Deferred tax assets:
NOL Carryover	$	44,760,272		$	44,932,303
Depreciation		-			-
Amortization		-			-
Allowance for Bad Debts		74,100			85,800
Accrued Expenses		199,977			225,430
Deferred Revenue		396,086			360,022
Deferred tax liabilities:
Depreciation		(97,517	)		(39,431	)
Amortization		(348,847	)		(322,991	)
Valuation allowance		(44,984,071	)		(45,241,133	)
Net deferred tax asset	$	-		$	-

Summary of income tax

The income tax provision differs from the amounts of income tax determined by applying the US federal income tax rate to pretax income from continuing operations for the years ended June 30, 2013 and 2012 due to the following:

	2013			2012
Book Income	$	100,420		$	(334,880	)
Stock for Services		149,651			143,936
Life Insurance		27,098			13,714
Meals & Entertainment		10,277			11,783
Change in deferred revenue		36,064			(288,639	)
Change in accrual and Allowance		(37,153	)		180,996
Change in depreciation		(99,084	)		(130,649	)
NOL utilization		(187,273	)		403,739
Change in Related Party Accruals		-			-
Valuation allowance		-			-
	$	-		$	-

- Definition

Tabular disclosure of deferred tax liabilities not recognized because of the exceptions to comprehensive recognition of deferred taxes, including a description of the temporary differences, events that would cause the temporary differences to become taxable, the cumulative amounts of the temporary differences and the amounts not recognized as deferred tax liabilities or a statement that the determination of the deferred tax liabilities is not practicable.

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