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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2011
Jun. 30, 2011
Jun. 30, 2010
ASSETS      
Cash and Cash Equivalents $ 30,099 $ 3,794 $ 0
Prepaid Expenses 133 46 0
Other Receivables 67 29 0
TOTAL CURRENT ASSETS 30,299 3,869 0
Restricted Cash 695 695 0
Investment in Interests in Corporate Jet 1,426 1,511 0
Capitalized Software Costs, Net 1,061 317 0
Equipment, Net 182 79 0
Intellectual property 4,209 0 0
TOTAL ASSETS 37,872 6,471 0
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)      
Accounts Payable and Accrued Expenses 1,620 1,105 78
Current Portion of Loan Payable 50 49 0
TOTAL CURRENT LIABILITIES 1,670 1,154 78
Loans Payable, less current portion 878 891 0
Other Long-Term Liabilities 52 342 0
TOTAL LIABILITIES 2,600 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 0
Common stock, $0.001 par value: authorized 300,000,000 shares, issued and outstanding, 149,142,024 shares as of September 30, 2011; 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 153 139 0
Additional paid-in-capital 101,480 36,416 12,481
Accumulated deficit (66,361) (32,471) (12,563)
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) 35,272 4,084 (78)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 37,872 $ 6,471 $ 0