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8. SETTLEMENT OF ACCOUNTS PAYABLE
9 Months Ended
Mar. 31, 2013
Settlement Of Accounts Payable  
8. SETTLEMENT OF ACCOUNTS PAYABLE

In December 2012, the Company settled $106,149 of accounts payable with a vendor for a negotiated payment of $30,000, and recorded a gain of $76,149. The gain is included within other income for the nine months ended March 31, 2013 in the accompanying consolidated statements of operations.