v2.4.0.6

STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended		96 Months Ended
STATEMENTS OF OPERATIONS (USD $)	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2012
OPERATING EXPENSES
Amortization of equipment	$ 24,313	$ 278	$ 49,056	$ 834	$ 50,724
Amortization of patents	19,185	19,185	57,556	57,556	172,667
General and administrative	155,934	50,073	610,274	402,030	1,599,825
Professional fees	166,388	125,230	679,226	346,442	1,432,042
Research and development	353,569	614,390	1,234,208	1,885,314	4,239,492
Stock-based compensation	90,817	923,849	994,139	1,158,627	2,399,963
Total Operating Expense	(810,206)	(1,733,005)	(3,624,459)	(3,850,803)	(9,894,713)
OTHER ITEMS
Interest income	0	0	25	0	25
Impairment of intangible assets	0	0	0	0	(106,000)
Total Other Items	0	0	25	0	(105,975)
Loss and comprehensive loss for the period	$ (810,206)	$ (1,733,005)	$ (3,624,434)	$ (3,850,803)	$ (10,000,688)
Basic and diluted loss per common share	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.03)
Weighted average number of common shares outstanding	149,757,139	146,758,720	148,516,993	144,738,718

The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.

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The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.

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The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money.

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The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.

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