Note 4 - Loans Payable - Affiliates:

9 Months Ended

Mar. 31, 2013

Related Party Transactions Disclosure [Text Block]

4.     LOANS PAYABLE - AFFILIATES:

As of March 31, 2013, Dominic Bassani (“Bassani”), the Chief Executive Officer (“CEO”) and Mark A. Smith (“Smith”), the Company’s President, have loaned the Company $100,000 and $25,000 respectively, for working capital needs.  The loans bear interest at 6% per annum and will be repaid when the Company’s cash position permits.  Interest expense related to the loans payable – affiliates was $3,275 for the three and nine months ended March 31, 2013.  During April 2013, Bassani loaned the Company an additional $100,000, which bears the same terms as the other loans.