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CONCENTRATIONS

12 Months Ended

Jun. 30, 2013

Concentration Risk Disclosure [Text Block]

10. CONCENTRATIONS

Major Customer

For the years ended June 30, 2013 and 2012, approximately 63% and 54%, respectively, of the Company’s revenues were from one customer. At June 30, 2013 and 2012 respectively, the same customer accounted for approximately 82% and 62% of the total accounts receivable balance.

Major Suppliers

For the year ended June 30, 2013, two suppliers accounted for 22% and 10% of the total cost of revenues, respectively. For the year ended June 30, 2012, two suppliers accounted for 13% and 10% of the cost of revenues, respectively.

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

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