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Contingent Liabilities	12 Months Ended
Jun. 30, 2014
Contingent Liabilities
Note 10 - Contingent Liabilities	The Company retains the services of law firms that specialize in intellectual property licensing, enforcement and patent law. The Company also retains business advisory firms that specialize in obtaining funding for potential patent infringement cases. The law and business advisory firms are retained on an hourly fee, contingent fee or blended fee basis. In a contingency fee arrangement, the firms are paid a scaled percentage of any negotiated fees, settlements or judgments awarded, based on how and when the fees, settlements or judgments are obtained. As of June 30, 2014 and June 30, 3013, the Company did not recognize any contingent expenses related to any potential litigation. MV Patents incurred legal fees, a portion of which are contingent on a subsequent funding received by MV Patents. MV Patents had $441,527 of contingent liabilities, as of June 30, 2013, based on the subsequent funding contingency because the event was considered probable, and the amount could be reasonably estimated. MV Patents classified these liabilities as long-term as they were not expected to be paid in the next 12 months.

Contingent Liabilities

12 Months Ended

Jun. 30, 2014

The Company retains the services of law firms that specialize in intellectual property licensing, enforcement and patent law. The Company also retains business advisory firms that specialize in obtaining funding for potential patent infringement cases. The law and business advisory firms are retained on an hourly fee, contingent fee or blended fee basis. In a contingency fee arrangement, the firms are paid a scaled percentage of any negotiated fees, settlements or judgments awarded, based on how and when the fees, settlements or judgments are obtained. As of June 30, 2014 and June 30, 3013, the Company did not recognize any contingent expenses related to any potential litigation.

MV Patents incurred legal fees, a portion of which are contingent on a subsequent funding received by MV Patents. MV Patents had $441,527 of contingent liabilities, as of June 30, 2013, based on the subsequent funding contingency because the event was considered probable, and the amount could be reasonably estimated. MV Patents classified these liabilities as long-term as they were not expected to be paid in the next 12 months.