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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2013
Summary Of Significant Accounting Policies Tables  
Fair Value Measurement (Tables)

The following table presents liabilities of the Company that are measured and recorded at fair value on the Company's balance sheets on a recurring basis and their level within the fair value hierarchy.

          Fair Value Measurements at June 30, 2012
          Using Fair Value Hierarchy
Financial Instrument         Level 1     Level 2     Level 3
                       
     Derivative liability         -       -       6,271 
Total       $ -     $ -     $ 6,271 

 

Fair Value Measurements Using Significant
Unobservable Inputs (Level 3)
    Derivative Liability
     
Balance at June 30, 2012 $ 6,271 
Total (gains) losses included in interest expense and other   (10,281)
Creation - convertible note issuances   15,149 
Settlements - note conversions   (11,139)
Balance at June 30, 2013 $

 

 

 

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Tables)

At June 30, 2013, future estimated patent amortization costs are:

Year Ended      
June 30,     Amount
2014   $ 19,853 
2015     19,853 
2016     17,860 
2017     12,749 
Total   $ 70,315 

 

 

 

Useful lives of Property, Plant and Equipment

Property and equipment are recorded at cost and depreciated using the straight-line method over the following estimated useful lives.

Leasehold improvements   Shorter of life of asset or lease
Furniture   5-7 Years
Office equipment   5 Years
Lab equipment   4 Years
Skid systems (demo units)   4 Years