Significant Components of the Deferred Tax Asset (Table)

12 Months Ended

Jun. 30, 2012

Significant Components of the Deferred Tax Asset

Significant Components of the Deferred Tax Asset

The significant components of the deferred tax asset at June 30, 2012 and June 30, 2011 were as follows:

	June 30, 2012			June 30, 2011
Net operating loss carry forward	$	7,654,000		$	7,618,000
Deferred tax asset	$	1,975,000		$	2,095,000
Deferred tax asset valuation allowance		(1,975,000	)		(2,095,000	)
Net deferred tax asset	$	-		$	-