Organization and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2013

Organization And Summary Of Significant Accounting Policies Tables

Basic Loss Per Share of Common Stock

	For the Year Ended June 30, 2013			For the Year Ended June 30, 2012
Loss (numerator)	$	(79,419	)	$	(109,452	)
Shares (denominator)		41,209,615			36,490,028
Per Share Amount	$	(0.00	)	$	(0.00	)

Tax provision (benefit)

The tax provision (benefit) for the year-ended June 30, 2013 and the year ended June 30, 2012 consisted of the following:

	2013		2012
Current:
Federal	$	-	$	-
State		-		-
Deferred
Federal		-		-
State		-		-
Total tax provision (benefit)	$	-	$	-

Deferred tax assets liabilities

The Company’s total deferred tax liabilities, deferred tax assets, and deferred tax asset valuation allowances at June 30, 2013 and June 30, 2012 are as follows:

	2013			2012
Net Operating Losses:
Federal	$	(47,170,776	)	$	(48,089,679	)
State		-			-
Total tax provision (benefit)	$	(47,170,776	)	$	(48,089,679	)
Less valuation allowance		47,170,776			48,089,679
Deferred tax asset	$	-		$	-

Reconciliation of income tax

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

	2013			2012
Expense (benefit) at federal statutory rate	$	89,189		$	(25,936	)
State tax effects		-			-
Non deductible expenses		-			-
Deferred tax asset valuation allowance		(89,189	)		25,936
Income tax provision (benefit)	$	-		$	-