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Statement of Consolidated Operations (USD $)
12 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Net Revenues:    
Plastics $ 3,139,267  
Royalties - former medical device business 18,480  
Total revenues 3,157,747  
Cost of Sales-Plastics (3,269,601)  
Gross Profit (111,854)  
Operating Expenses:    
Selling, general and administrative 1,248,508 365,641
Total Expenses 1,248,508 365,641
Operating loss (1,360,362) (365,641)
Other Income and (Expense):    
Interest income 24,266 8,033
Miscellaneous income 7,330 2,532
Interest expense (143,565)  
Total Other Income and (Expense) (111,969) 10,565
Net loss before income taxes (1,472,331) (355,076)
Net loss from continuing operations (1,472,331) (355,076)
Income (Loss) from discontinued operations 332,786 761,388
Loss on sale of discontinued operations (123,702)  
Net income (loss) from discontinued operations 209,084 761,388
Net income (loss) $ (1,263,247) $ 406,312
Earnings per share: Net Income (loss) per common share:    
Basic income (loss) from continuing operations per share $ (0.03) $ (0.01)
Diluted income (loss) from continuing operations per share $ (0.03) $ (0.01)
Basic income (loss) from discontinued operations per share $ 0.00 $ 0.02
Diluted income (loss) from discontinued operations per share $ 0.00 $ 0.02
Basic income (loss) per common share $ (0.03) $ 0.01
Diluted income (loss) per common share $ (0.03) $ 0.01
Weighted Average Common Shares Outstanding Basic 46,817,291 42,646,016
Weighted Average Common Shares Outstanding Diluted 54,153,971 49,982,696