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CONVERTIBLE AND NON-CONVERTIBLE NOTE AGREEMENTS (Tables)
 12 Months Ended
Jun. 30, 2012
Convertible and Non-Convertible Note Agreements [Abstract]  
Schedule of Debt

A summary of notes payable and related discounts as of June 30, 2012 is as follows:


                         

 

 

Principal

 

 

Unamortized

Discount

 

 

Debt,

Net of

Discount

 

Third parties

 

 

 

 

 

 

 

 

 

Convertible notes payable

 

$

107,625

 

 

$

(33,411

)

 

$

74,214

 

Less current portion

 

 

107,625

 

 

 

(33,411

)

 

 

74,214

 

Convertible notes payable, net of current portion

 

$

-

 

 

$

-

 

 

$

-

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Related parties

 

 

 

 

 

 

 

 

 

 

 

 

Convertible notes payable

 

$

1,907,354

 

 

$

(126,641

)

 

$

1,780,713

 

Notes payable

 

 

84,380

 

 

 

-

 

 

 

84,380

 

  

 

 

1,991,734

 

 

 

(126,641

)

 

 

1,865,093

 

Less current portion

 

 

494,251

 

 

 

(126,641

)

 

 

367,610

 

Convertible and non-convertible note payable, net of current portion

 

$

1,497,483

 

 

$

-

 

 

$

1,497,483