Organization and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2012

Organization And Summary Of Significant Accounting Policies Tables

Basic Loss Per Share of Common Stock

	For the Year Ended June 30, 2012			For the Year Ended June 30, 2011
Loss (numerator)	$	(109,452	)	$	(991,784	)
Shares (denominator)		36,490,028			33,539,434
Per Share Amount	$	( 0.00	)	$	(0.03	)

Tax provision (benefit)

The tax provision (benefit) for the year-ended June 30, 2012 and the year ended June 30, 2011 consisted of the following:

	2012		2011
Current:
Federal	$	-	$	-
State		-		-
Deferred
Federal		-		-
State		-		-
Total tax provision (benefit)	$	-	$	-

Deferred tax assets liability

The Company’s total deferred tax liabilities, deferred tax assets, and deferred tax asset valuation allowances at June 30, 2012 and June 30, 2011 are as follows:

	2012			2011
Net Operating Losses:
Federal	$	(47,067,968	)	$	(46,958,516	)
State		-			-
Total tax provision (benefit)	$	(47,067,968	)	$	(46,958,516	)
Less valuation allowance		46,067,968			46,958,516
Deferred tax asset	$	-		$	-

Reconciliation of income tax

The reconciliation of income tax computed at statutory rates of income tax benefits is as follows:

	2012			2011
Expense (benefit) at federal statutory rate	$	(25,936	)	$	(347,124	)
State tax effects		-			-
Non deductible expenses		-			-
Deferred tax asset valuation allowance		25,936			347,124
Income tax provision (benefit)	$	-		$	-