v2.4.0.6

BALANCE SHEETS (Unaudited) (USD $)	Mar. 31, 2013	Jun. 30, 2012
Current assets:
Cash and cash equivalents	$ 151,833	$ 80,502
Accounts receivable	275,291	105,123
Total current assets	427,124	185,625
Property and equipment, net	3,485	1,084
Other assets:
Prepaid expenses	25,616	8,472
Intangible asset, net	399,026	416,669
Total other assets	424,642	425,141
Total assets	855,251	611,850
Current liabilities:
Accounts payable	324,611	714,110
Unearned revenue	1,341,110	100,957
Accrued expenses	99,412	188,275
Current maturity of note payable - related party	81,707	102,025
Current maturity of note payable - related party	6,166,181	5,913,737
Current maturity of note payable - related party	1,306,072	1,242,834
Total current liabilities	9,319,093	8,261,938
License payable	160,000	160,000
Long-term liability - convertible note payable	0	0
Long-term liability - convertible note payable	259,973	254,986
Total liabilities	9,739,066	8,676,924
Stockholders' deficit:
Common stock, $0.0001 par value; 100,000,000 authorized shares; 37,346,154 shares issued and outstanding at March 31, 2013 and June 30, 2012	3,735	3,735
Additional paid-in capital	15,448,353	15,448,353
Outstanding stock options	3,865,978	4,131,709
Accumulated deficit	(28,201,881)	(27,648,871)
Total stockholders' deficit	(8,883,815)	(8,065,074)
Total liabilities and stockholders' deficit	$ 855,251	$ 611,850

Carrying value as of the balance sheet date of liabilities associated with the use of an exclusive technology license and if certain milestones are met, which is expected to be paid after one year or beyond the normal operating cycle, if longer.

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The amount for notes payable (written promise to pay), due to related parties. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.

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Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital.

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Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

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Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.

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-Name Accounting Principles Board Opinion (APB)

-Number 12

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 31

-Article 5

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-Name Regulation S-X (SX)

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-Section 04

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- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.29-31)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 29, 30, 31

-Article 5

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-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph A3

-Appendix A

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SAB TOPIC 4.E)

-URI http://asc.fasb.org/extlink&oid=6228006&loc=d3e74512-122707

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-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 4

-Section E

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