F. Stockholders’ Equity (Deficit)

3 Months Ended

Sep. 30, 2014

Equity [Abstract]

NOTE F- Stockholders’ Equity (Deficit)

On October 7, 2014, the Company effected a 1-for-40 reverse split of its common stock.  The number of authorized shares of common stock was also increased to 4,000,000,000.  The Company also amended its articles of incorporation, changing the par value of its common stock from $0.001 to $0.000001.

All share and per share information in the accompanying financial statements have been restated retroactively to reflect the reverse stock split and change in par value.

During the three months ended September 30, 2014, the Company issued a total of 31,968,565 common shares in payment of accrued expenses, and principal and interest due on convertible notes totaling $192,060.

During the three months ended September 30, 2014, 11,588,445 common shares were issued in connection with the cashless exercise of warrants.