Consolidated Balance Sheets (USD $)	Jun. 30, 2012	Jun. 30, 2011
Assets
Cash	$ 192,100	$ 1,606,764
Accounts receivable, net	18,700	8,081
Inventory, net	88,798
Other current assets	45,125
Total current assets	344,723	1,614,845
Equipment, net	5,257
License and supply agreement with Sugar Cane Paper Co., Ltd., net		337,386
Other assets	3,994	3,994
Total assets	353,974	1,956,225
Liabilities and Stockholders' Equity
Notes payable due to bank	150,000
Accounts payable and accrued liabilities	221,020	143,070
Accrued compensation and personnel related payables	43,722	45,258
Total current liabilities	414,742	188,328
Stockholders' equity:
Preferred stock ($0.001 par value, 10,000,000 shares authorized, none issued and outstanding)
Common stock ($0.001 par value, 300,000,000 shares authorized, 10,288,526 shares issued and outstanding; 10,256,000 at June 30, 2011)	10,289	10,256
Additional paid-in capital	8,069,581	5,944,872
Prepaid stock compensation		(368,000)
Accumulated deficit	(8,140,638)	(3,819,231)
Total stockholders' equity	(60,768)	1,767,897
Total liabilities and stockholders' deficit	$ 353,974	$ 1,956,225