SUBSEQUENT EVENT

12 Months Ended

Jun. 30, 2012

SUBSEQUENT EVENT [Abstract]

SUBSEQUENT EVENT

14. SUBSEQUENT EVENT

Subsequent to June 30, 2012, the Company issued 1,398,333 units, each unit consisting of one share of common stock at $0.30 and one warrant at $0.001. Each warrant entitles the holder to purchase one share of common stock on or before two years after the closing date at an exercise price of $0.70.