XML 27 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Mar. 31, 2011
REVENUES $ 775,822 $ 1,685,146 $ 1,918,065 $ 3,428,047
COSTS OF SALES 655,019 1,314,027 1,510,803 2,211,880
GROSS PROFIT 120,803 371,119 407,262 1,216,167
GENERAL AND ADMINISTRATIVE EXPENSES 519,079 4,450,630 1,747,888 7,150,660
LOSS FROM OPERATIONS (398,276) (4,079,511) (1,340,626) (5,934,493)
OTHER INCOME (EXPENSE)        
Interest income   1   297
Interest expense (8,416)   (12,664) (4,329)
Nonoperating Income (Expense), Total (8,416) 1 (12,664) (4,032)
LOSS BEFORE PROVISION FOR INCOME TAXES (406,692) (4,079,510) (1,353,290) (5,938,525)
Provision for income taxes            
NET LOSS (406,692) (4,079,510) (1,353,290) (5,938,525)
Dividends on Series B Preferred Convertible stock (60,000) (60,000) (180,000) (180,000)
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS $ (466,692) $ (4,139,510) $ (1,533,290) $ (6,118,525)
Basic and diluted net loss per share available to common stockholders $ (0.01) $ (0.17) $ (0.05) $ (0.26)
Basic and diluted weighted average shares outstanding 33,292,397 24,728,085 30,571,300 23,426,346