Consolidated Balance Sheets (December 31, 2011 unaudited) (USD $)	Dec. 31, 2011	Jun. 30, 2011
Current assets:
Cash and cash equivalents	$ 3,845,369	$ 3,767,427
Restricted cash (note 3)	275,128	275,058
Short term investments	18,859	25,146
Other current assets	20,608	87,937
Assets related to discontinued operations	2,355	81,585
Total current assets	4,162,319	4,237,153
Other assets	600,000	900,000
Total Assets	4,762,319	5,137,153
Current liabilities:
Accounts payable	17,894	736
Accrued liabilities	91,467	104,180
Liabilities related to discontinued operations	0	2,961
Total current liabilities	109,361	107,877
Equity:
Convertible preferred stock	225	225
Common stock	56,101	56,101
Treasury stock, at cost	(125,606)	(125,606)
Additional paid in capital	43,589,386	43,584,771
Accumulated deficit	(38,816,362)	(38,441,716)
Accumulated other comprehensive loss (available for sale security)	(50,786)	(44,499)
Total stockholders' equity	4,652,958	5,029,276
Total liabilities and stockholders'	$ 4,762,319	$ 5,137,153