5. INCOME TAXES (Details Narrative) (USD $)

12 Months Ended

Jun. 30, 2012

Jun. 30, 2011

Income Taxes Details Narrative

Minimum statutory state income tax liability

$ 912

$ 912

Federal net operating loss carry forwards

4,200,000

State net operating loss carry forwards

2,200,000

Net operating loss carry forwards from the Company's Hong Kong operations

$ 1,900,000

Operating loss carryforwards expiration dates

All expire at various dates from 2013 through 2031, except operating loss carryforwards from the Company's Hong Kong operations, which carry forward indefinitely.