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Statements of Cash Flows (USD $)
3 Months Ended
Sep. 30, 2011
Sep. 30, 2010
OPERATING ACTIVITIES  
Net loss$ (138,436)$ (136,150)
Adjustments to reconcile net loss to net cash used by operating activities:  
Depreciation3,7503,750
Increase (decrease) in:  
Interest receivable, related parties(11,941)(10,007)
Accounts payable and accrued expenses6,21024,457
Interest payable to shareholders74,156 
Deferred compensation47,25047,250
Net cash used by operating activities(19,011)(70,700)
FINANCING ACTIVITIES  
LOAN FROM PAC23,512 
LOAN FROM HEFNER 3,000
Net cash provided by financing activities23,5123,000
INVESTING ACTIVITIES  
Deposit on equipment(1,002) 
Other LT assets & liabilities 67,000
Net cash used by investing activities(1,002)67,000
NET DECREASE IN CASH3,499(100)
CASH AT BEGINNING OF PERIOD40100
CASH AT END PERIOD$ 3,539