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SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
12 Months Ended
Jun. 30, 2012
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION [Abstract]  
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
7.
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION

 
 
 
 
 
 
 
 
 
 
Period from
 
 
 
 
 
 
 
 
 
 
 
February 12,
 
 
 
 
 
 
 
 
 
 
 
1996
 
 
 
 
 
 
 
 
 
 
 
(Inception)
 
 
Years Ended June 30,
 
 
Through
 
 
2012
 
 
2011
 
 
2010
 
 
June 30, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure of Non-Cash Transactions
 
 
 
 
 
 
 
Shares Issued for
 
 
 
 
 
 
 
 
 
 
 
 
Redemption of preferred shares
 
$
0
 
 
$
0
 
 
$
0
 
 
$
415,000
 
Property and equipment
 
$
0
 
 
$
0
 
 
$
0
 
 
$
23,000
 
Proprietary agreement
 
$
0
 
 
$
0
 
 
$
0
 
 
$
711,000
 
Settlement of accounts payable
 
$
0
 
 
$
0
 
 
$
0
 
 
$
228,742
 
Settlement of convertible debentures
 
$
236,926
 
 
$
0
 
 
$
0
 
 
$
236,926
 
Services (provided by officers and directors)
 
$
0
 
 
$
0
 
 
$
0
 
 
$
120,000
 
Settlement of lawsuit
 
$
0
 
 
$
0
 
 
$
0
 
 
$
15,000
 
Services
 
$
34,954
 
 
$
619,284
 
 
$
81,000
 
 
$
1,551,022
 
Subscriptions received
 
$
191,600
 
 
$
11,250
 
 
$
0
 
 
$
57,750
 
Acquisition of subsidiary
 
$
0
 
 
$
0
 
 
$
0
 
 
$
894,200
 
Supplemental Cash Flow Information
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest paid
 
$
0
 
 
$
0
 
 
$
0
 
 
$
81,111
 
Income tax paid
 
$
0
 
 
$
0
 
 
$
0
 
 
$
0