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Related Parties
12 Months Ended
Jun. 30, 2013
Related Party Transactions [Abstract]  
Related Parties

4.     RELATED PARTIES

 

During the fiscal year ended June 30, 2013, the Company received a total of $130,000 from Wings Fund, Inc., an affiliate of the Company, pursuant to the March 2013 Note and the May 2013 Note. See footnote 3 for details regarding the March 2013 Note and the May 2013 Note.

 

During the fiscal year ended June 30, 2012, the Company signed a licensing agreement with PageTransformer, to obtain expertise in the area of mobile app and mobile web development. This licensing agreement expires in the year ended June 30, 2014 and will not be renewed. The two founders of PageTransformer, Andrew VanNoy and Zachary Bartlett, are our current Chief Executive Officer and our current Vice President of Operations, respectively. Other than the original licensing fee paid to PageTransformer, the Company has not made any subsequent payments to PageTransformer under the licensing agreement.