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Note 3 - Going Concern
6 Months Ended
Dec. 31, 2011
Notes  
Note 3 - Going Concern

NOTE 3 – GOING CONCERN  

The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company has a cumulative net loss for the period from inception (November 16, 2006) through December 31, 2011 of $3,983,819, a working capital deficit of $933,939 and negative cash flows from development stage activities of $72. These conditions raise substantial doubt about the Company's ability to continue as a going concern. The Company's continuation as a going concern is dependent on its ability to meet its obligations, to obtain additional debt and/or equity financing as may be required and ultimately to attain profitability. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.