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Short Term Loans - Related Parties (Narrative) (Details) (USD $)
1 Months Ended 12 Months Ended
Jul. 31, 2014
Jun. 30, 2014
Jun. 30, 2013
Short-term loans, related party   $ 0 $ 185,000
Common stock issued, amount 389,500 1,021,500  
West Point Partners, LLC
     
Related Party Transaction, Description of Transaction  

As of June 30, 2012, we had received $185,000 from West Point Partners, LLC, whose managing partner is the Company's Principal Accounting Officer. These funds were due on demand, and accrued an annual interest rate of 12%. As of June 30, 2013, outstanding balance of the loan amounted to $185,000 and accrued interest of $26,650.

On April 1, 2014, we granted an aggregate of 7,610,000 shares of common stock with a fair value of $684,900 along with 7,610,000 warrants with a fair value of $683,983 to settle this demand note with a face value of $185,000 and accrued interest of $43,300. The shares have not been issued as June 30, 2014, and will be issued in reliance on Section 4(2) of the Securities Act of 1933, as amended. The shares were not offered via general solicitation to the public. The Company issued rule 144 shares in connection with these issuances. No sales commissions or other remuneration was paid in connection with this issuance.

 

 

 

 
Related Party Transaction, Rate   12.00%  
Short Term Loan from Related Party   185,000  
Short-term loans, related party   0 185,000
Interest payable to related party   0 26,650
Warrants issued in connection with note   7,610,000  
Common stock issued, shares   7,610,000  
Common stock issued, amount   $ 684,900