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Condensed Consolidated Balance Sheets (USD $)
Dec. 31, 2011
Jun. 30, 2011
Current assets:    
Cash and cash equivalents $ 292,036 $ 1,606,764
Certificate of deposit 150,535   
Accounts receivable 12,953 8,081
Inventory, net of reserves for obsolescence of $ - ($15,321 at June 30, 2011) 50,107   
Other current assets 170,637   
Total current assets 676,268 1,614,845
Equipment, net 26,511   
License and supply agreement with Sugar Cane Paper Co., Ltd., net of accumulated amortization of $39,872 ($30,671 at June 30, 2011) 328,185 337,386
Other assets 3,994 3,994
Total assets 1,034,958 1,956,225
Current liabilities:    
Notes payable due to bank 50,000   
Accounts payable and accrued liabilities, including amounts due to related parties of $5,800 ($7,668 at June 30, 2011) 102,264 143,070
Accrued compensation and personnel related payables 48,785 45,258
Total current liabilities 201,049 188,328
Commitments and contingencies      
Stockholders' equity:    
Preferred stock ($.001 par value, 10,000,000 shares authorized, none issued and outstanding)      
Common stock ($0.001 par value, 300,000,000 shares authorized, 10,256,000 shares issued and outstanding) 10,256 10,256
Additional paid-in capital 7,236,573 5,944,872
Prepaid stock compensation    (368,000)
Accumulated deficit (6,412,920) (3,819,231)
Total stockholders' equity 833,909 1,767,897
Total liabilities and stockholders' deficit $ 1,034,958 $ 1,956,225