Subsequent Events

3 Months Ended

Sep. 30, 2011

Subsequent Events [Abstract]

Subsequent Events

11. SUBSEQUENT EVENTS:

The Company has evaluated events that occurred subsequent to September 30, 2011 for recognition and disclosure in the financial statements and notes to the financial statements.

      Issuance of Common Stock and Units

      From October 1, 2011 through November 7, 2011 the Company has issued 36,373 shares of the Company's common shares to various consultants valued at approximately $96,206.

      From October 1, 2011 through November 7, 2011, the Company has closed subscription offerings to convert 15,270 shares of the Company's Preferred Series B stock and accrued dividends of $39,425 at the shareholder's election into 782,593 shares of the Company's common shares and 78,276 warrants to purchase the Company's common stock at a price of $3.10 per share until December 31, 2014.  Additionally 61,618 warrants will be issued to registered brokers/advisors who assisted with these conversions.

      From October 1, 2011 through November 7, 2011, the Company has closed subscription offerings to convert 9,550 shares of the Company's Preferred Series C stock and accrued dividends of $23,875 at the shareholder's election into 326,302 shares of the Company's common shares. Additionally,   41,179 warrants to purchase the Company's common stock at a price of $3.10 per share until December 31, 2014 will be issued to registered brokers/advisors who assisted with these conversions.