2. BUSINESS ACQUISITION (Tables)

12 Months Ended

Jun. 30, 2012

Business Combinations [Abstract]

Reconciliation of cash to purchase price

Total purchase price	$	2,515,071
Less debt and equity issued to Seller:
Note payable		(1,350,000	)
Common stock		(920,000	)
Total debt and equity issued to Seller		(2,270,000	)
Total cash paid		245,071
Less cash acquired		(19,149	)
Acquisition of business, net of cash acquired	$	225,922

Key assumptions used by management

Cash and cash equivalents	$	19,149
Accounts receivable		225,081
Inventories		772,932
Property and equipment		4,500
Other intangible assets		2,198,097
Accounts payable		(141,003	)
Accrued expenses		(203,823	)
Deferred revenue		(359,862	)
Net assets acquired	$	2,515,071

Unaudited Pro Forma Information

	Year Ended June 30,
	2012			2011
Revenues	$	4,805,568		$	2,784,747
Loss from Operations		(12,455,296	)		(11,897,977	)
Net loss	$	(13,710,226	)		(9,113,230	)
Net Loss per share-
Basic and diluted	$	(0.37	)	$	(0.40	)
Weighted average shares-basic and diluted:
Basic		37,156,390			22,517,626
Diluted		37,156,390			22,517,626