Bank Loan (Narrative) (Details) (USD $)

12 Months Ended

Jun. 30, 2013

Jun. 30, 2012

Bank Loan Narrative Details

Lender name

National Bank of California

Bank Loan Terms

In February 2007, the Company obtained a line of credit (LOC) with National Bank of California (NBOC). The LOC is secured by the Company's assets and the personal assets of the Company's officers. Subsequent to February 2007, the LOC was extended and amended several times. On November 1, 2011, the maturity of the loan was extended to February 1, 2013 with 14 monthly payments of $6,000 plus interest and quarterly principal payment of $50,000. As of June 30, 2012, the total outstanding balance of the loan amounted to $349,276 with an average interest of 7.5% per annum.

Bank loan

$ 0

$ 349,276

Interest expense

$ 10,000