XML 13 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
BALANCE SHEETS (USD $)
Sep. 30, 2011
Jun. 30, 2011
ASSETS    
Cash and cash equivalents $ 10,879,319 $ 9,224,023
Prepaid expenses 321,886 332,294
Total current assets 11,201,205 9,556,317
Property and equipment, net 773,000 802,367
Trademark, net 402,922 399,383
TOTAL ASSETS 12,377,127 10,758,067
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 97,785 79,529
Accounts payable - related parties 710,388 462,955
Accrued expenses 93,919 27,173
Derivative Liability 89,066 17,519
TOTAL CURRENT LIABILITIES 991,158 587,176
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' EQUITY    
Common stock, $0.001 par value; 300,000,000 shares authorized; 145,763,702 and 143,548,394 shares issued and outstanding, respectively 145,764 143,582
Additional paid-in capital 35,588,822 33,235,990
Deficit accumulated during the development stage (24,356,885) (23,216,909)
TOTAL STOCKHOLDERS' EQUITY 11,385,969 10,170,891
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 12,377,127 10,758,067
Series A Convertible Preferred Stock [Member]
   
STOCKHOLDERS' EQUITY    
Preferred stock 8,218 8,218
Series B Convertible Preferred Stock [Member]
   
STOCKHOLDERS' EQUITY    
Preferred stock $ 50 $ 10