v2.4.0.8

Statements of Stockholders' Equity (Deficit) (USD $)	Common Stock [Member]	Retained Earnings [Member]	Total
Balance at Jun. 30, 2012	$ 38,018,888	$ (50,605,801)	$ (12,586,913)
Balance (in Shares) at Jun. 30, 2012	48,990,896
Shares issued for services	11,244		11,244
Shares issued for services (in Shares)	103,779		103,779
Reclassification of derivative liability to common stock			0
Common stock options issued for services	9,843		9,843
Net loss for the year		(1,876,446)	(1,876,446)
Balance at Jun. 30, 2013	38,039,975	(52,482,247)	(14,442,272)
Balance (in Shares) at Jun. 30, 2013	49,094,675		49,094,675
Shares issued for services	34,275		34,275
Shares issued for services (in Shares)	288,207		288,207
Shares issued for settlement of accounts payable	67,280		67,280
Shares issued for settlement of accounts payable (in Shares)	305,818		305,818
Reclassification of derivative liability to common stock	666,009		666,009
Common stock issued in conversion of notes payable and accrued interest	275,353		275,353
Common stock issued in conversion of notes payable and accrued interest (in Shares)	5,188,290		5,188,290
Net loss for the year		(1,735,353)	(1,735,353)
Balance at Jun. 30, 2014	$ 39,082,892	$ (54,217,600)	$ (15,134,708)
Balance (in Shares) at Jun. 30, 2014	54,876,990		54,876,990

This element represents the amount of recognized equity-based compensation related to stock options during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized).

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Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.

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The amount of the liability for the conversion option reclassified to stockholders' equity when the embedded option no longer required separation from the host instrument.

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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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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.

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Number of shares issued during the period as a result of the conversion of convertible securities.

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Number of shares issued in lieu of cash for services contributed to the entity. Number of shares includes, but is not limited to, shares issued for services contributed by vendors and founders.

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The gross value of stock issued during the period upon the conversion of convertible securities.

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Value of stock issued in lieu of cash for services contributed to the entity. Value of the stock issued includes, but is not limited to, services contributed by vendors and founders.

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Value of shares of stock issued during the period that is attributable to transactions involving issuance of stock not separately disclosed.

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