17. Income Taxes (Tables)

12 Months Ended

Jun. 30, 2012

Income Taxes Tables

Schedule of deferred tax assets

	2012			2011
Sale and deconsolidation of RBG	$	-		$	2,669,000
Impairment of intangible asset		3,133,000
Write-off of investment in joint venture, intangible assets and deferred expenses		54,000			28,800
Other		-			225
Net operating loss		1,895,000			2,477,800
		5,082,000			5,175,825
Allowance		(5,082,000	)		(5,175,825	)
	$	None		$	None

Schedule of deferred income tax expenses

	2012			2011
Sale and deconsolidation of RBG	$	-		$	2,669,000
Impairment of intangible asset		5,760,000
Write-off of investment in joint venture, intangible assets and deferred expenses		375,000			320,600
Other		29,300			29,300
Net operating loss		5,582,525			3,645,925
		11,746,825			6,664,825
Valuation allowance		(11,746,825	)		(6,664,825	)
	$	None		$	None