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Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Jun. 30, 2010
ASSETS    
Cash and Cash Equivalents $ 3,794 $ 0
Prepaid Expenses 46 0
Other Receivables 29 0
TOTAL CURRENT ASSETS 3,869 0
Restricted Cash 695 0
Investment in Interests in Corporate Jet 1,511 0
Capitalized Software Costs, Net 317 0
Equipment, Net 79 0
TOTAL ASSETS 6,471 0
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)    
Accounts Payable and Accrued Expenses 1,105 78
Current Portion of Loan Payable 49 0
TOTAL CURRENT LIABILITIES 1,154 78
Loans Payable, less current portion 891 0
Other Long-Term Liabilities 342 0
TOTAL LIABILITIES 2,387 78
COMMITMENTS AND CONTINGENCIES    
STOCKHOLDERS’ EQUITY (DEFICIT):    
Preferred stock, $0.001 par value, authorized 1,000,000 shares, no shares issued and outstanding 0 0
Common stock, $0.01 par value: authorized 300,000,000 shares, issued and outstanding 134,941,797 shares as of June 30, 2011 and authorized 1,000,000 shares, issued and outstanding 419,200 shares (as adjusted for the Reverse Split) as of June 30, 2010 139 4
Additional paid-in-capital 36,416 12,481
Accumulated deficit (32,471) (12,563)
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) 4,084 (78)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 6,471 $ 0