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Note 9 - Subsequent Events:
3 Months Ended
Sep. 30, 2012
Subsequent Events [Text Block]

9.     SUBSEQUENT EVENTS:


The Company has evaluated events that occurred subsequent to September 30, 2012 for recognition and disclosure in the financial statements and notes to the financial statements.


From October 1, 2012 through November 6, 2012 the Company has issued 16,964 shares of the Company's common shares to various consultants and an employee valued at approximately $33,700.


From October 1, 2012 through November 6, 2012 the Company has issued 34,223 Units (each consisting of one share of the Company's common stock and a warrant to purchase ½ share of the Company's common stock at $3.10 per share until December 31, 2014) for approximately $77,000 of proceeds.


As of November 6, 2012, the Company has accrued additional deferred compensation totaling approximately $59,500 of which $26,000 and $21,000, respectively, is owed to Mr. Bassani and Mr. Smith, and $12,500 is due to Mr. Shafer.