Common Stock Warrants (Tables)

12 Months Ended

Jun. 30, 2013

Common Stock Warrants Tables

Company’s stock warrants

A summary of the status of the Company’s stock warrants as of June 30, 2013 and 2012 is presented below:

	Stock Exercise		Warrants Price		Weighted Ave. Exercise Price
Outstanding and Exercisable, June 30, 2011		2,360,000	$	0.75-1.75	$	1.09
Granted		-		-		-
Expired/Canceled		-		-		-
Exercised		-		-		-
Outstanding and Exercisable, June 30, 2012		2,360,000	$	0.75-1.75	$	1.09
Outstanding and Exercisable, June 30, 2012		2,360,000	$	0.75-1.75	$	1.09
Granted		2,600,000	$	0.15	$	0.15
Expired/Canceled		100,000	$	1.75	$	1.75
Exercised		-		-		-
Outstanding and Exercisable, June 30, 2013		860,000	$	0.15-1.75	$	0.35

Outstanding stock warrants

A summary of outstanding stock warrants at June 30, 2013 follows:

Number of Common Stock Equivalents		Expir. Date	Remaining Contracted Life (Years)		Exercise Price		Weighted Ave Exer. Price
	50,000	October 2015		2.250	$	0.15	$	0.15
	210,000	September 2015		2.250	$	0.15	$	0.15
	500,000	December 2015		2.500	$	0.75	$	0.75
	500,000	December 2015		2.500	$	0.15	$	0.15
	250,000	December 2015		2.500	$	1.00	$	1.00
	250,000	December 2015		2.500	$	0.15	$	0.15
	250,000	December 2015		2.500	$	1.50	$	1.50
	250,000	December 2015		2.500	$	0.15	$	0.15
	2,600,000	May 2018		5.000	$	0.15	$	0.15