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Consolidated Statements of Income (USD $)
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Jun. 30, 2011
REVENUES $ 571 $ 889 $ 2,795 $ 4,612
COST OF SALES 1,149 1,102 2,841 6,315
GROSS MARGIN (578) (213) (46) (1,703)
Research and development 12,386 107,523 60,746 146,113
Depreciation and amortization 168 308 526 958
Bad debt expense     203  
General and administrative 60,591 394,257 573,042 1,148,572
Total Operating Expenses 73,145 502,088 634,517 1,295,643
OPERATING LOSS (73,723) (502,301) (634,563) (1,297,346)
Patent licensing income   133,725   133,725
Loss on equity investment   (8,358)   (8,358)
Other income   (7) 3,124 603
Total Other Income (Expense)   125,360 3,124 125,970
Loss before income taxes and noncontrolling interest (73,723) (376,941) (631,439) (1,171,376)
NET LOSS (73,723) (376,941) (631,439) (1,171,376)
Less: Net loss attributable to noncontrolling interest (16,350) (13,166) (52,027) (45,433)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS (57,373) (363,775) (579,412) (1,125,943)
Foreign currency translation adjustments (18,924) (12,262) 28,207 43,865
Total Other Comprehensive Income (Loss) (18,924) (12,262) 28,207 43,865
COMPREHENSIVE LOSS $ (92,647) $ (389,203) $ (603,232) $ (1,127,511)
BASIC AND DILUTED LOSS PER SHARE $ 0.00 $ 0.00 $ (0.01) $ (0.01)
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING 118,742,272 97,035,545 115,492,406 88,869,853