0001010549-13-000007.txt : 20130107 0001010549-13-000007.hdr.sgml : 20130107 20130107113915 ACCESSION NUMBER: 0001010549-13-000007 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 20120930 FILED AS OF DATE: 20130107 DATE AS OF CHANGE: 20130107 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEAMZ INTERACTIVE INC CENTRAL INDEX KEY: 0001423357 STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD AUDIO & VIDEO EQUIPMENT [3651] IRS NUMBER: 943399024 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-54662 FILM NUMBER: 13514231 BUSINESS ADDRESS: STREET 1: 15354 N. 83RD WAY STREET 2: SUITE 102 CITY: SCOTTSDALE STATE: AZ ZIP: 85260 BUSINESS PHONE: 480-889-0150 MAIL ADDRESS: STREET 1: 15354 N. 83RD WAY STREET 2: SUITE 102 CITY: SCOTTSDALE STATE: AZ ZIP: 85260 10-Q/A 1 beamz10q093012.htm BEAMZ INTERACTIVE beamz10q093012.htm
 


 
 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q/A
Amendment No. 1

[X]   QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
   EXCHANGE ACT OF 1934

For the quarterly period ended:  September 30, 2012

[_] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

Commission file number
000-54662

Beamz Interactive, Inc.
(Name of registrant as specified in its charter)

Delaware
94-3399024
(State or other jurisdiction of incorporation)
(IRS employer identification no.)
 
15354 N. 83rd Way, Suite 102
 Scottsdale, Arizona 85260
 
(480) 424-2053
(Address of principal executive offices)
(Registrant’s telephone number, including area code)

 
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o
 
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes o  No x
 
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (check one)

Large accelerated filer o
Accelerated filer o
Non-accelerated filer o
 
Smaller reporting company x
 
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o  No x
 
Shares issued and outstanding of the registrant’s $.001 par value common stock as of November 15, 2012: 14,520,079.
 

 
 

 
 
 

EXPLANATORY NOTE

The purpose of this Amendment No. 1 to Beamz Interactive, Inc.’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2012, filed with the Securities and Exchange Commission on November 19, 2012, is solely to include a corrected version of the previously filed Exhibit 10, which provides the financial statements and related notes from the Form 10-Q formatted in XBRL (eXtensible Business Reporting Language). No other substantive changes have been made to the Form 10-Q. This Amendment does not reflect events that may have occurred subsequent to the original filing date.
 
 
 
 
 

 


ITEM 6. EXHIBITS
 
The following documents are filed as part of this Report:
 
EXHIBIT INDEX



Number
  
Description
3(i).1
  
Fourth Amended and Restated Certificate of Incorporation(1)
3(i).2
 
Amendment to Fourth Amended and Restated Certificate of Incorporation(1)
3(ii)
  
Bylaws(1)
4.1
  
HumanBeams, Inc. 2004 Incentive Compensation Plan(1)
4.2
 
Beamz Interactive 2009 Incentive Compensation Plan(1)
4.3
 
First Amendment to Beamz Interactive 2009 Incentive Compensation Plan(1)
4.4
 
Second Amendment to Beamz Interactive 2009 Incentive Compensation Plan(1)
4.5
 
Non-Qualified Deferred Compensation Plan(1)
10.1
 
License Agreement by and between Cypher Entertainment Group LLC and Beamz Interactive, Inc. dated August 30, 2012 (2)
31.1
 
Certifications of Chief Executive Officer and Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (3)
32.1
 
Certifications of Chief Executive Officer and Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (3)
101    Interactive data files pursuant to Rule 405 of Regulation S-T. 
 
(1) Previously filed as an exhibit to the Company’s Registration Statement on Form 10, filed April 19, 2012.
(2) Previously filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the three months ended September 30, 2012
(3) Filed herewith

 
 
 
 

 
 
SIGNATURES
 

Pursuant to the requirements of the Exchange Act of 1934, the registrant duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
 
 
 
 
Date: January 3, 2013
BEAMZ INTERACTIVE, INC.
 
 
 
By   /s/ Charles R. Mollo
Charles R. Mollo
Chief Executive Officer
 
   



 
 

 
 
 
  

 
EX-31.1 2 beamz10qex311093012.htm beamz10qex311093012.htm
EXHIBIT 31.1

 
CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 
I, Charles R, Mollo, certify that:
 
        (1)   I have reviewed this quarterly report on Form 10-Q of Beamz Interactive, Inc.;
 
        (2)   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
 
        (3)   Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
 
        (4)   The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
 
        (a)   Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
 
        (b)   Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
 
        (c)   Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
 
        (d)   Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
 
        (5)   The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
 
        (a)   All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
 
        (b)   Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 
Date: January 3, 2013
 
/s/ Charles R. Mollo
Charles R. Mollo
 Chief Executive Officer
(Principal Executive Officer and Principal Financial Officer)
EX-32.1 3 beamz10qex321093012.htm beamz10qex321093012.htm  EXHIBIT 32.1
 


 
CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO 
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 
        Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code), the undersigned officer of Beamz Interactive, Inc.  (the "Company"), does hereby certify, to such officer's knowledge, that: the Quarterly Report on Form 10-Q, for the period ended September 30, 2012 (the "Form 10-Q") of the Company fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, as amended, and the information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of the Company as of, and for, the periods presented in the Form 10-Q.

 
Dated: January 3, 2013
 
/s/ Charles R. Mollo
Charles R. Mollo
 Chief Executive Officer
(Principal Executive Officer and Principal Financial Officer)

 
        The foregoing certification is being furnished as an exhibit to the Form 10-Q pursuant to Item 601(b)(32) of Regulation S-K and Section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code) and, accordingly, is not being filed as part of the Form 10-Q for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

EX-101.INS 4 bzic-20120930.xml 10-Q 2012-09-30 false BEAMZ INTERACTIVE INC 0001423357 --06-30 14520082 Smaller Reporting Company Yes No No 2013 Q1 22464 13293 86501 12547 121653 139216 349667 265448 580285 430504 533 683 2500 2500 583318 433687 542426 427045 30872 45662 65888 43132 331134 221833 1385966 1005064 828 800 14426 14146 12160456 11839928 -12978358 -12426251 -802648 -571377 583318 433687 0.001 0.001 10000000 10000000 1300000 1300000 827940 800440 827940 800440 0.001 0.001 40000000 40000000 14426082 14146082 14426082 14146082 103124 120462 35872 121245 67252 -783 150 5556 113648 59680 129522 109147 187714 127349 -490187 -302515 0 1 -61920 -2137 -552107 -304651 -0.04 -0.02 14349886 12802080 -552107 -304651 150 5556 280000 0 7393 0 49737 0 -81347 43372 17563 5116 -84219 116377 -14790 -510 -91329 -95643 100000 0 500 0 100500 0 9171 -95643 13293 118528 22464 22885 148254 37235 0 0 1997 2137 <!--egx--><p style="MARGIN:0in 0in 0pt 32pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center"><b>Note 1</b></p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center"><b>Nature of Corporation</b>&nbsp;</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Beamz Interactive, Inc.&nbsp;&nbsp;(the "Company") was incorporated in the State of Delaware in 2001.&nbsp;&nbsp;The Company's operations consist of the development and sales of an interactive laser controller technology (the &#147;<b>Beamz</b>&#148;) that can be used to develop new market opportunities in a wide variety of music, game and consumer applications throughout the world.</p> <p style="MARGIN:0in 0in 0pt 32pt; TEXT-ALIGN:justify">&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Note 2 Summary of Significant Accounting Policies and Use of Estimates&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">&nbsp;</p> <p style="MARGIN:0in 0in 0pt"><b>Presentation of Interim Information</b></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">The condensed financial statements included herein have been prepared by Beamz Interactive, Inc. (&#147;we&#148;, &#147;us&#148;, &#147;our&#148; or &#147;Company&#148;) without audit, pursuant to the rules and regulations of the United States Securities and Exchange Commission (&#147;SEC&#148;) and should be read in conjunction with the audited financial statements as of June 30, 2012 and 2011. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted, as permitted by the SEC, although we believe the disclosures, which are made, are adequate to make the information presented not misleading. Further, the condensed financial statements reflect, in the opinion of management, all normal recurring adjustments necessary to present fairly our financial position at September 30, 2012, and the results of our operations and cash flows for the periods presented. The June 30, 2012 condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">Interim results may be subject to seasonal variations and the results of operations for the three months ended September 30, 2012 are not necessarily indicative of the results to be expected for the full year.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt"><b>Use of Estimates</b></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires us to establish accounting policies and make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements. These financial statements include estimates and assumptions that are based on informed judgments and the experience of management. Significant estimates include, but are not limited to, collectability of accounts receivable, the allowance for obsolete inventory, and valuation of stock issuances, stock-based compensation and warrants.&nbsp;&nbsp;We evaluate our policies and estimates on an on-going basis and discuss the development, selection and disclosure of critical accounting policies with the Company's Audit Committee. Predicting future events is inherently an imprecise activity and as such requires the use of judgment. Our financial statements may differ materially based upon different estimates and assumptions.</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">We discuss our significant accounting policies to our financial statements below. Our significant accounting policies are subject to judgments and uncertainties that affect the application of such policies. We believe these financial statements include the most likely outcomes with regard to amounts that are based on our judgment and estimates. Our financial position and results of operations may be materially different when reported under different conditions or when using different assumptions in the application of such policies. In the event estimates or assumptions prove to be different from the actual amounts, adjustments are made in subsequent periods to reflect more current information. We believe the following accounting policies are critical to the preparation of our financial statements due to the estimation process and business judgment involved in their application.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify"><b>Fair Value of Financial Instruments</b></p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">In determining the fair value of its financial instruments, the Company uses a variety of methods and assumptions that are based on market conditions and risks existing as of each balance sheet date. The Company&#146;s financial instruments include cash and cash equivalents, deposits, and debt and approximate fair value based on their short maturities or the effective interest rate. All methods of measuring fair value are based on Level 3 inputs, and result in a general approximation of value since valuations are inherently not precise.</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify"><b>Stock-Based Compensation and Warrants</b></p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">We use the Black-Scholes pricing model as a method for determining the estimated fair value for all stock options and warrants awarded to employees, officers, directors, investors, and consultants.&nbsp;We apply judgment in estimating key assumptions that are important elements in the model and in expensing stock options and warrants, such as the expected stock-price volatility, expected term, stock value on the date of grant, and expected forfeiture rates. Our estimates of these important assumptions are based on historical data and judgment regarding market trends and factors.If actual results are not consistent with our assumptions and judgments used in estimating these factors,&nbsp;&nbsp;we may be required to record additional stock-based compensation expense, which could be material to our results of operations.&nbsp;&nbsp;We have not historically issued any dividends and we do not expect to in the future.&nbsp;&nbsp;We&nbsp;&nbsp;use the graded vesting attribution method to recognize compensation costs over the requisite service period for grants to employees and directors.</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify"><b>Cash and Cash Equivalents</b></p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Cash equivalents are considered to be all highly liquid investments purchased with an initial maturity, at time of purchase, of three (3) months or less.</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify"><b>Accounts Receivable, Net</b></p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Accounts receivable represents amounts earned but not collected in connection with the Company's sales. Trade receivables are carried at their estimated collectible amounts and are generally unsecured. Trade credit is generally extended on a short-term basis, thus trade receivables do not bear interest.</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">The Company provides an allowance for doubtful accounts based upon an individual review of the accounts outstanding, as well as the prior history of bad debts.&nbsp;&nbsp;Accounts are considered past due or delinquent based on contractual terms, recent payment activity, and our judgment of collectability. As of September 30, 2012 and June 30, 2012, an allowance has been provided for potentially uncollectible accounts receivable and product returns in the amounts of $51,818 and $44,425, respectively.&nbsp;&nbsp;Bad debt expense for the three months ended September 30, 2012 and 2011 was $2,964 and $5,919, respectively.</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify"><b>Prepaid Expenses</b></p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Prepaid expenses represent payments for consulting, development, and director fees and are being amortized to expense on a straight-line basis over the related contract periods.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt"><b>Inventory, Net</b></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">Inventory consists primarily of finished products and materials and supplies.&nbsp;&nbsp;Inventory is stated at the lower of cost or market.&nbsp;&nbsp;Cost is determined by using the first-in, first-out method.&nbsp;&nbsp;The Company periodically reviews its inventory and makes provisions for damaged or obsolete inventory.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">At September 30, 2012 and June 30, 2012 inventory is comprised of the following:</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <div align="center"> <table width="80%" style="WIDTH:80%" cellpadding="0" cellspacing="0"> <tr> <td width="70%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:70%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><b>&nbsp;</b></p></td> <td width="13%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:13%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center"><b>September 30, 2012</b></p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><b>&nbsp;</b></p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><b>&nbsp;</b></p></td> <td width="13%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:13%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center"><b>June 30, 2012</b></p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><b>&nbsp;</b></p></td></tr> <tr> <td width="70%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:70%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="13%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:13%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">(Unaudited)</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="13%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:13%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="70%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:70%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="13%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:13%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="13%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:13%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="70%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:70%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Finished goods</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">113,211</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">131,372</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="70%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:70%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Marketing and media</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">14,728</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">14,130</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="70%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:70%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">127,939</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">145,502</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="70%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:70%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Less: allowance for obsolescence</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">(6,286</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">)</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">(6,286</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">)</p></td></tr> <tr> <td width="70%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:70%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="70%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:70%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Net inventory</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">121,653</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">139,216</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr></table></div> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt"><b>Research and Development</b></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Expenditures for research activities relating to product development and improvement are charged to expense as incurred. Such expenditures amounted to $113,648 and $59,680 for the three months ended September 30, 2012 and 2011, respectively.</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Software development costs are expensed as incurred until technological feasibility has been established, at which time such costs are capitalized until the product is available for general release to customers. To date, the Company&#146;s software has been available for general release to customers and, accordingly, no development costs have been capitalized.</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Software development costs incurred and included in research and development expense noted above totaled $2,430 and $18,608 for the three months ended September 30, 2012 and 2011, respectively.</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify"><b>Advertising Costs</b></p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Advertising costs are expensed as incurred and are included in sales and marketing expenses on the accompanying statements of operations. Advertising expense totaled $60,835 and $28,082 for the three months ended September 30, 2012 and 2011, respectively.</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify"><b>Revenue Recognition</b></p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Revenues are recognized when a contract has been entered into or an order placed, the price is fixed, shipment of the products to the customer has occurred, or the transfer of title, if later, and collection is reasonably assured.&nbsp;&nbsp;Amounts billed to a customer related to shipping or handling charges are included in revenues.&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Provisions for sales discounts and rebates to customers are recorded, based upon the terms of sales contracts, in the same period the related sales are recorded, as a reduction to the sale. Sales discounts and rebates are offered to certain customers to promote customer loyalty and encourage greater product sales.&nbsp;&nbsp;The Company also provides an allowance for sales returns, that is estimated based upon prior experience.&nbsp;&nbsp;As of September 30, 2012 and 2011, the allowance was $4,919 and $19,289, respectively.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt"><b>Property and Equipment</b></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">Property and equipment are stated at cost. Depreciation is provided for on the straight-line method over the following estimated useful lives:</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Maintenance and repairs that neither materially add to the value of the property nor appreciably prolong its life are charged to expense as incurred.&nbsp;&nbsp;Betterments or renewals are capitalized when incurred.&nbsp;&nbsp;For the three months ended September 30, 2012 and 2011 depreciation expense was $150 and $207, respectively.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt"><b>Concentration of Credit Risk</b></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Management maintains the Company&#146;s cash and cash equivalents in bank accounts, which at times may exceed federally insured limits.&nbsp;&nbsp;The Company has not experienced any losses in such accounts, and Management believes the Company is not exposed to any significant credit risk on cash and cash equivalents. As of September 30, 2012 there are no balances that exceeded federally insured limits.</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">During the three months ended September 30, 2012 the Company had one customer that represented approximately 82% of net sales.&nbsp;&nbsp;The Company had approximately $84,200 in accounts receivable at September 30, 2012 from this customer.&nbsp;&nbsp;During the three months ended September 30, 2011, the Company had one customer representing approximately 69% of net sales.&nbsp;&nbsp;The Company had accounts receivable of approximately $106,400 at September 30, 2011 from this customer.</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">During the three months ended September 30, 2012, the Company had no significant vendors, although we still rely on one principal supplier.&nbsp;&nbsp;During the three months ended September 30, 2011, the Company had one vendor representing approximately 21% of purchases.&nbsp;&nbsp;If purchases from this vendor was disrupted, particularly at certain critical times during the year, our sales could be adversely affected in the short term until alternative supply arrangements could be established.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt"><b>Recent Accounting Pronouncements</b></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">There have been no recent accounting pronouncements or changes in accounting pronouncements during the three months ended September 30, 2012, that are of significance, or potential significance, to us.</p> <p style="MARGIN:0in 0in 0pt">&nbsp; </p> <p style="MARGIN:0in 0in 0pt"><b>Per Share Data</b></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Net loss per share (EPS) of common stock is computed based upon the weighted-average number of common shares outstanding during the year. Net loss equates to loss available to common stockholders as there is no dividend accrued for preferred stock. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock.&nbsp;&nbsp;Basic and diluted EPS were the same for the three months ended September 30, 2012 and 2011, as the Company had losses from operations during both periods and therefore the effect of all potential common stock equivalents is anti-dilutive (reduces loss per share).&nbsp;&nbsp;Stock options and warrants representing 1,754,337 and 63,024 shares of Common Stock were outstanding at September 30, 2012 and 2011, respectively, with exercise prices ranging from $.02 to $1.00 per share. Additionally, there were 827,940 and 800,440 shares of Series D preferred stock outstanding at September 30, 2012 and 2011, respectively, that were convertible into common stock on a 1 for 10 basis.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt"><b>Income Taxes</b></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Deferred tax assets and liabilities arise from temporary timing differences between the book and tax basis of accounting for assets, liabilities, and income as well as from timing in the recognition of net operating losses. Deferred income tax assets primarily arise from net operating loss carryforwards and deferred income tax liabilities are based on the different depreciation and amortization methods used for tax reporting and financial accounting purposes. The Company assesses its ability to realize deferred tax assets based on the current earnings performance and on projections of future taxable income in the relevant tax jurisdictions.&nbsp;&nbsp;These projections do not include taxable income from the reversal of deferred tax liabilities and do not reflect a general growth assumption but do consider known or pending events, such as the passage of legislation.&nbsp;&nbsp;The Company&#146;s estimates of future taxable income are reviewed annually.&nbsp;&nbsp;All tax positions are first analyzed to determine if the weight of available evidence indicates that it is more likely than not that the position will be sustained under audit, including resolution of any related appeals or litigation processes.&nbsp;&nbsp;After the initial analysis, the tax benefit is measured as the largest amount that is more than 50% likely of being realized upon ultimate settlement.&nbsp;&nbsp;Our income tax returns are subject to adjustment under audit for approximately the last four years.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">If the Company is required to pay interest on the underpayment of income taxes, the Company recognizes interest expense in the first period the interest becomes due according to the provisions of the relevant tax law.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">If the Company is subject to payment of penalties, the Company recognizes an expense for the amount of the statutory penalty in the period when the position is taken on the income tax return.&nbsp;&nbsp;If the penalty was not recognized in the period when the position was initially taken, the expense is recognized in the period when the Company changes its judgment about meeting minimum statutory thresholds related to the initial position taken.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt"><b>Liquidity</b></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">The accompanying unaudited condensed financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. The Company has not yet established an ongoing source of revenue sufficient to cover its operating costs, which raises doubts about the ability of the Company to continue as a going concern. In order to continue as a going concern, the Company will need to generate additional revenue and obtain additional capital to fund its operating losses and service its obligations. Management of the Company has developed a strategy, which it believes will accomplish this objective through additional equity funding and long term financing, which will enable the Company to operate for the coming year, though there can be no assurance that the Company&#146;s efforts will be successful. The condensed financial statements do not include any adjustments that might result from the outcome of these uncertainties.</p> <p style="MARGIN:0in 0in 0pt">&nbsp; </p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center"><b>Note 3</b></p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center"><b>Commitments</b>&nbsp;</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">During March 2009, the Company entered into a consulting agreement for business and product development.&nbsp;&nbsp;The contract provided for the issuance of Series C Preferred Stock and Notes in the amount of $50,000 to be earned on a month-to-month basis through the term of the agreement.&nbsp;&nbsp;In addition, the agreement provided for monthly payments of $4,000 beginning July 2009 and will automatically renew for successive one year periods unless terminated by the parties. During the year ended June 30, 2012 the parties agreed to an increase in the payments to $10,000 per month. The agreement may be terminated up to 60 days prior to a renewal term.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">The Company is a party to various licensing agreements with regards to music and video content and the use and sale of same with its product and through its website.&nbsp;&nbsp;The agreements have varying terms and include royalties based on the sales or use of the aforementioned licenses.&nbsp;&nbsp;The terms range from a royalty equal to 17.5%&nbsp;&nbsp;to 25% of the net revenues or a floor rate of $.15 to $.30 per record in each electronic transmission record.&nbsp;&nbsp;For the three month periods ended September 30, 2012 and 2011, royalty fees under these licenses were approximately $900 and $1,800, respectively, and are included in cost of sales on the statement of operations.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">During October, 2010, the Company entered into a consulting agreement for the performance of the duties of Engineering and Supply Chain Manager, terminating December 2011.&nbsp;&nbsp;The consulting fee was at a rate of $7,729 per month commencing November 2010, plus bonuses to be paid based on the achievement of certain goals.&nbsp;&nbsp;In addition, the consultant&nbsp;&nbsp;received 18,034 shares of common stock and debt valued at $12,023. The agreement was subsequently extended through December 31, 2012. Future payments on the contract for the year ended&nbsp;&nbsp;September 30, 2013 are approximately $21,000.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">During May, 2011 the Company formed a partnership (the Beamz Cypher Partnership, LLC) with Cypher Entertainment, Inc. (Cypher).&nbsp;&nbsp;Simultaneously, the Company entered into a ten (10) year license agreement with&nbsp;&nbsp;Beamz Cypher Partnership, LLC granting&nbsp;&nbsp;a worldwide, non-exclusive right and license to develop, modify and/or manufacture the Beamz Products and any additional products approved by the Company. On August 30, 2012 the Company restructured its licensing arrangement with Cypher by terminating its joint venture in favor of entering into a license agreement directly with Cypher (the &#147;Cypher License Agreement&#148;) and the release, by both parties, of any past financial obligations in addition to the issuance of 25,000 shares of Series D preferred stock (Note 5). Pursuant to the Cypher License Agreement, the Company granted Cypher a worldwide, exclusive right and license to develop and manufacture the Smart Phone Beamz Player and market it to online and in-store mass retail channels. Beamz has retained the right to market the new product to a range of other channels, including the professional, DJ, retirement, education, special needs and select internet consumer markets. The Cypher License Agreement provides for payments to Beamz for the use of the Beamz Content included on the Smart Phone Beamz Player equal to $1.50/Unit plus 100% of the out-of-pocket third-party royalties associated with such Beamz Content.&nbsp;&nbsp;In addition, for each Unit sold by Cypher, Cypher will pay Beamz a royalty equal to thirteen (13%) of the manufacturer contract purchase price for such product. Similarly, Beamz will purchase Smart Phone Beamz Players from Cypher at cost plus thirteen percent (13%) of manufacturer cost for Beamz sales of such new product. Beamz has retained the right to develop, manufacture or license any other products or versions of the Beamz Products it desires other than the Smart Phone Beamz Player product family.The new&nbsp;&nbsp;product will be owned 50% by Cypher and 50% by us, and will be distributed to the retail consumer channel by Cypher. We will distribute the new product to other channels, including the professional, DJ, retirement, education, special needs and select internet consumer markets.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">The Company has agreed to indemnify its officers and directors for certain events or occurrences arising as a result of the officer or director serving in such capacity. The term of the indemnification period is for the officer&#146;s or director&#146;s lifetime. The maximum potential amount of future payments the Company could be required to make under these indemnification agreements is unlimited. However, the Company has had limited operations and no pending litigation or potential claims. As a result of these items, the Company believes the estimated fair value of these indemnification agreements is minimal and has no liabilities recorded for these agreements as of September 30, 2012 and June 30, 2012.</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Effective August 13, 2012, the Company entered into the Pooled Vehicle Participation Agreement.&nbsp;&nbsp;The intent of the agreement is to raise money through a third party which was formed to acquire interests in a portfolio of business ventures.&nbsp;&nbsp;The third party has been granted 1,500,000 warrants to purchase common stock at an exercise price of $1 per share expiring in August 2013.&nbsp;&nbsp;In addition, the third party will receive a fee of $3,000 per month through the expiration of the warrants or a 120 day notice by either party to terminate the contract and a commission of 10% of the proceeds received for the exercise of the warrants.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p>&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center"><b>Note 4</b></p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center"><b>Notes Payable</b>&nbsp;</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">As of September 30, 2012 and June 30, 2012, notes payable consists of the following:</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <div align="center"> <table width="94%" style="WIDTH:94%" cellpadding="0" cellspacing="0"> <tr> <td width="66%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:66%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><b>&nbsp;</b></p></td> <td width="15%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:15%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center"><b>September 30, 2012</b></p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><b>&nbsp;</b></p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><b>&nbsp;</b></p></td> <td width="15%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:15%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center"><b>June 30, 2012</b></p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><b>&nbsp;</b></p></td></tr> <tr> <td width="66%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:66%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="15%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:15%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">(Unaudited)</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="15%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:15%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="66%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:66%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">10% Bridge Loan to an entity through May, 2013; unsecured</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">72,655</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">50,000</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="66%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:66%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="66%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:66%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="66%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:66%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">72,655</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">50,000</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="66%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:66%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Less: unamortized discount for warrants</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">(6,767</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">)</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">(6,868</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">)</p></td></tr> <tr> <td width="66%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:66%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">65,888</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">43,132</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr></table></div> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">During the three months ended September 30, 2012 and the year ended June 30, 2012 the Company issued Bridge Loans to related parties (Note 6) and two unrelated parties.&nbsp;&nbsp;The Bridge Loans also provided for the issuance of warrants at the rate of 50% of the principal amount that are exercisable at $.02 per share (Note 5).&nbsp;&nbsp;A discount, related to the relative fair value of the warrants at the date of grant, was recorded and is being amortized to interest expenses over the term of the loans under the effective interest method.&nbsp;&nbsp;The Bridge Loan Agreements provide that each noteholder shall have the option to convert any or all of the principal balance of, and accrued, but unpaid interest on such noteholders'&nbsp;&nbsp;Bridge Promissory Note into securities offered in an equity financing of the Company of $2,000,000 or more consummated after the date of the Bridge Loan Agreements at a 10% discount to the terms of such financing.&nbsp;&nbsp;The closing of such financing has not occurred as of the date of the financial statements.&nbsp;&nbsp;If the Company does not raise $3,000,000 or more before December 31, 2012, then the maturity date of the Bridge Promissory Notes automatically extends to the sooner of December 31, 2014 or when such funds are raised.&nbsp;&nbsp;In that case, additional warrants to purchase Common Stock at an exercise price of $0.02 per share shall be issued to each noteholder in an amount equal to 1 share of Common Stock for each $2 of principal amount of the Bridge Promissory Notes issued to the noteholders.&nbsp;&nbsp;No principal or interest has been paid on the Bridge Promissory Notes and subsequent to September 30, 2012 the notes were amended to extend the maturity dates through March 2013 and the provisions for the 10% discount upon conversion was eliminated (Note 7).</p> <p>&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center"><b>Note 5</b></p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center"><b>Equity</b>&nbsp;</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt"><b>Common Stock</b></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">As of September 30, 2012, the Company has 50,000,000 shares of stock authorized, 40,000,000 of which have been designated as common stock, $.001 par value.There were14,426,082 common shares issued and outstanding at September 30, 2012.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">During the three months ended September 30, 2012, the Company issued 255,000 shares of common stock to various contractors and officers and directors for services that were valued at $.57 per share based on a third party valuation.&nbsp;&nbsp;In addition, 25,000 shares of common stock were issued for proceeds of $500, pursuant to the exercise of 25,000 warrants.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt"><b>Preferred Stock</b></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">As of September 30, 2012 the Company has 10,000,000 shares of preferred stock, $.001 par value, authorized of which 1,300,000 shares are Series D Convertible Preferred Stock (&#147;Series D&#148;). There are 827,940 shares of Series D issued and outstandingat September 30, 2012.&nbsp;&nbsp;Each Series D share is convertible into 10 shares of common stock and has a liquidation preference of $10 per share.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">During the three months ended September 30, 2012 the Company issued 25,000 shares of Series D preferred stock to Cypher pursuant to the renegotiated license agreement (Note 3).&nbsp;&nbsp;The shares were valued at $142,500 based on a third party valuation. In addition, the Company has corrected the outstanding Series D shares to include 2,500 Series D shares issued in 2008 with a deminimis value.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt"><b>Commitment</b></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">Pursuant to the July 2011&nbsp;&nbsp;Bridge Loan Stock Purchase and Security Agreement, each cash Lender under the Loan Document, simultaneously with the consummation of a Sale Event, shall be entitled to a fee in an amount equal to two hundred (200%) of the original principal amount loaned by such Lender to the Company, regardless whether such Lender's Note is outstanding at that time, and such fee shall be paid to the Lenders in preference above any amounts owed by the Company to its other stockholders.&nbsp;&nbsp;The aggregate amount of such preference payments equals $2,815,850 as of September 30, 2012.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt"><b>Warrants &amp; Options</b></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">Pursuant to the Bridge Loan Financing Agreement, as additional consideration for each of the Loans, the Company granted the Lenders warrants with the right to purchase a number of shares of the Company's common stock equal to fifty percent (50%) of the principal amount of the Lender's Notes.During the three months ended September 30, 2012, 61,313 warrants were issued pursuant to the Bridge Loan Financing Agreement.&nbsp;&nbsp;The warrants are exercisable at $.02 per share and expire through January 2015.As the warrants were issued with the bridge loans, the relative fair value of same, in the amount of $40,336 for the three months ended September 30, 2012, was allocated between the debt proceeds and the warrants and the warrant relative value reflected as a discount on the debt that will be amortized over the term of the debt.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">During August 2012 the Company granted 1,500,000 warrants pursuant to a Pooled Vehicle Participation Agreement (Note 3).&nbsp;&nbsp;The warrants expire in August 2013 and have an exercise price of $1 per share.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt"><i>2004 Incentive Compensation Plan</i></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">The Company has adopted the 2004 Incentive Compensation Plan (the &#147;2004 Plan&#148;).&nbsp;&nbsp;The 2004 Plan provides for the issuance of incentive and non-incentive stock options.&nbsp;&nbsp;The Company has reserved 750,000 shares of common stock for issuance underlying the grants under the 2004 Plan. As of September 30, 2012, 29,825 options under the plan are outstanding. Options under the 2004 Plan generally become exercisable over vesting periods of up to four years and expire ten years from the date of grant.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt"><i>2009 Incentive Compensation Plan</i></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">In January 2009, the Company adopted the 2009 Incentive Compensation Plan (the "2009 Plan") that permits the issuance of options or shares to selected employees and directors of, and consultants to, the Company.&nbsp;&nbsp;The Plan was amended in January 2012 to reserve 1,150,000 shares of Series C Preferred Stock for issuance underlying the grants of stock, stock options and warrants.&nbsp;&nbsp;As of September 30, 2012, 765,906 shares of Series C Preferred Stock were issued pursuant to the Plan and were converted to common stock in June, 2011.&nbsp;&nbsp;Options under the 2009 Plan generally become exercisable over vesting periods of up to four years and expire ten years from the date of grant.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">A summary of the options and warrants for the quarter ended September 30, 2012are presented in the table below:</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <div align="center"> <table width="93%" style="WIDTH:93%" cellpadding="0" cellspacing="0"> <tr> <td width="52%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:52%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="10%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:10%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Weighted </p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Average </p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Exercise </p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Price</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="10%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:10%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Number of </p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Options and </p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Warrants</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="10%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:10%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Weighted </p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Average </p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Remaining </p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Contractual Term</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="10%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:10%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Aggregate </p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Fair </p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Value</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="52%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:52%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="10%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:10%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="10%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:10%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="10%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:10%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="10%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:10%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="52%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:52%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Outstanding at June 30, 2012</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">0.04</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">209,924</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">3.16</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">151,955</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="52%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:52%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="52%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:52%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Granted</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">0.96</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">1,569,413</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">0.93</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">33,730</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="52%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:52%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Exercised</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">-</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">(25,000</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">)</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">-</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">-</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="52%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:52%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="52%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:52%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Outstanding at September 30, 2012 (Unaudited)</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">0.87</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">1,754,337</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">1.14</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">185,685</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr></table></div> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">For purposes of determining the fair values of warrants issued during the three months ended September 30, 2012 using the Black-Scholes option pricing model, the Company used the following assumptions in the three months ended September 30, 2012; expected volatility 150%, risk-free interest rate 1%, warrant life of 3 years, estimated market price of $.57 per share and expected dividend rate of 0%.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">Included in the table above are 29,825 options outstanding at September 30, 2012 and June 30, 2012.&nbsp;&nbsp;The options are subject to various vesting periods up to thirty three months and all were fully vested as of December 2011.&nbsp;&nbsp;&nbsp;The options expire on various dates between January, 2014 and October, 2018. Additionally, the options and warrants had an intrinsic value of $110,054 as of September 30, 2012.&nbsp;&nbsp;Intrinsic value arises when the exercise price is lower than the market, which was estimated to be $.57 per share at September 30, 2012.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">The options outstanding at September 30, 2012 had a no unrecognized compensation costs.</p> <p>&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center"><b>Note 6</b></p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center"><b>&nbsp;Related Party Transactions</b>&nbsp;</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">As of September 30, 2012 and June 30, 2012, notes payable to related parties consists of the following:</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <div align="center"> <table width="94%" style="WIDTH:94%" cellpadding="0" cellspacing="0"> <tr> <td width="66%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:66%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><b>&nbsp;</b></p></td> <td width="15%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:15%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center"><b>September 30, 2012</b></p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><b>&nbsp;</b></p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><b>&nbsp;</b></p></td> <td width="15%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:15%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center"><b>June 30, 2012</b></p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><b>&nbsp;</b></p></td></tr> <tr> <td width="66%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:66%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="15%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:15%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">(Unaudited)</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="15%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:15%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="66%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:66%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">10% Bridge Loan to an entity through April, 2013; unsecured</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">360,000</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">260,000</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="66%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:66%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="66%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:66%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="66%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:66%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">360,000</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">260,000</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="66%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:66%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Less: unamortized discount for warrants</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">(28,866</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">)</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">(38,167</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">)</p></td></tr> <tr> <td width="66%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:66%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">331,134</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">221,833</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr></table></div> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">At September 30, 2012 and June 30, 2012 the Company had a payable to entities controlled by the chief executive officer in the amounts of $415,646 and $267,392, respectively.&nbsp;&nbsp;The payables are non-interest bearing, uncollateralized, and due on demand.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">During the three months ended September 30, 212 the Company received $100,000 in bridge loans from an entity controlled by the chief executive officer.&nbsp;&nbsp;The entity received 50,000 warrants to purchase common stock at $.02 per share, expiring in April 2013.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">During the three months ended September 30, 2012 the Company issued 25,000 shares of common stock to the audit committee chair for services and 100,000 shares of common stock to an officer for services to be performed through July 2013.</p> <p>&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center"><b>Note 7</b></p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center"><b>Subsequent Events</b>&nbsp;</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">&nbsp; </p> <p style="MARGIN:0in 0in 0pt">During October, 2012 the Board of Directors approved the issuance of 104,000 shares of common stock to various contractors of which 94,000 were issued as of November 14, 2012.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">Subsequent to September 30, 2012 the Company amended the Bridge Loans to increase the maximum offering amount from $500,000 to $1,500,000, extend the maturity dates through March 2013 and to eliminate the provision allowing a 10% discount on conversion.</p> <p>&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt"><b>Presentation of Interim Information</b></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">The condensed financial statements included herein have been prepared by Beamz Interactive, Inc. (&#147;we&#148;, &#147;us&#148;, &#147;our&#148; or &#147;Company&#148;) without audit, pursuant to the rules and regulations of the United States Securities and Exchange Commission (&#147;SEC&#148;) and should be read in conjunction with the audited financial statements as of June 30, 2012 and 2011. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted, as permitted by the SEC, although we believe the disclosures, which are made, are adequate to make the information presented not misleading. Further, the condensed financial statements reflect, in the opinion of management, all normal recurring adjustments necessary to present fairly our financial position at September 30, 2012, and the results of our operations and cash flows for the periods presented. The June 30, 2012 condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">Interim results may be subject to seasonal variations and the results of operations for the three months ended September 30, 2012 are not necessarily indicative of the results to be expected for the full year.</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt"><b>Use of Estimates</b></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires us to establish accounting policies and make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements. These financial statements include estimates and assumptions that are based on informed judgments and the experience of management. Significant estimates include, but are not limited to, collectability of accounts receivable, the allowance for obsolete inventory, and valuation of stock issuances, stock-based compensation and warrants.&nbsp;&nbsp;We evaluate our policies and estimates on an on-going basis and discuss the development, selection and disclosure of critical accounting policies with the Company's Audit Committee. Predicting future events is inherently an imprecise activity and as such requires the use of judgment. Our financial statements may differ materially based upon different estimates and assumptions.</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">We discuss our significant accounting policies to our financial statements below. Our significant accounting policies are subject to judgments and uncertainties that affect the application of such policies. We believe these financial statements include the most likely outcomes with regard to amounts that are based on our judgment and estimates. Our financial position and results of operations may be materially different when reported under different conditions or when using different assumptions in the application of such policies. In the event estimates or assumptions prove to be different from the actual amounts, adjustments are made in subsequent periods to reflect more current information. We believe the following accounting policies are critical to the preparation of our financial statements due to the estimation process and business judgment involved in their application.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p>&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify"><b>Fair Value of Financial Instruments</b></p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">In determining the fair value of its financial instruments, the Company uses a variety of methods and assumptions that are based on market conditions and risks existing as of each balance sheet date. The Company&#146;s financial instruments include cash and cash equivalents, deposits, and debt and approximate fair value based on their short maturities or the effective interest rate. All methods of measuring fair value are based on Level 3 inputs, and result in a general approximation of value since valuations are inherently not precise.</p> <p>&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify"><b>Stock-Based Compensation and Warrants</b></p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">We use the Black-Scholes pricing model as a method for determining the estimated fair value for all stock options and warrants awarded to employees, officers, directors, investors, and consultants.&nbsp;We apply judgment in estimating key assumptions that are important elements in the model and in expensing stock options and warrants, such as the expected stock-price volatility, expected term, stock value on the date of grant, and expected forfeiture rates. Our estimates of these important assumptions are based on historical data and judgment regarding market trends and factors.If actual results are not consistent with our assumptions and judgments used in estimating these factors,&nbsp;&nbsp;we may be required to record additional stock-based compensation expense, which could be material to our results of operations.&nbsp;&nbsp;We have not historically issued any dividends and we do not expect to in the future.&nbsp;&nbsp;We&nbsp;&nbsp;use the graded vesting attribution method to recognize compensation costs over the requisite service period for grants to employees and directors.</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify"><b>Cash and Cash Equivalents</b></p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Cash equivalents are considered to be all highly liquid investments purchased with an initial maturity, at time of purchase, of three (3) months or less.</p> <p>&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">.</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify"><b>Accounts Receivable, Net</b></p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Accounts receivable represents amounts earned but not collected in connection with the Company's sales. Trade receivables are carried at their estimated collectible amounts and are generally unsecured. Trade credit is generally extended on a short-term basis, thus trade receivables do not bear interest.</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">The Company provides an allowance for doubtful accounts based upon an individual review of the accounts outstanding, as well as the prior history of bad debts.&nbsp;&nbsp;Accounts are considered past due or delinquent based on contractual terms, recent payment activity, and our judgment of collectability. As of September 30, 2012 and June 30, 2012, an allowance has been provided for potentially uncollectible accounts receivable and product returns in the amounts of $51,818 and $44,425, respectively.&nbsp;&nbsp;Bad debt expense for the three months ended September 30, 2012 and 2011 was $2,964 and $5,919, respectively.</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify"><b>Prepaid Expenses</b></p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Prepaid expenses represent payments for consulting, development, and director fees and are being amortized to expense on a straight-line basis over the related contract periods.</p> <p>&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt"><b>Inventory, Net</b></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">Inventory consists primarily of finished products and materials and supplies.&nbsp;&nbsp;Inventory is stated at the lower of cost or market.&nbsp;&nbsp;Cost is determined by using the first-in, first-out method.&nbsp;&nbsp;The Company periodically reviews its inventory and makes provisions for damaged or obsolete inventory.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">At September 30, 2012 and June 30, 2012 inventory is comprised of the following:</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <div align="center"> <table width="80%" style="WIDTH:80%" cellpadding="0" cellspacing="0"> <tr> <td width="70%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:70%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><b>&nbsp;</b></p></td> <td width="13%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:13%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center"><b>September 30, 2012</b></p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><b>&nbsp;</b></p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><b>&nbsp;</b></p></td> <td width="13%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:13%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center"><b>June 30, 2012</b></p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><b>&nbsp;</b></p></td></tr> <tr> <td width="70%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:70%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="13%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:13%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">(Unaudited)</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="13%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:13%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="70%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:70%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="13%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:13%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="13%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:13%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="70%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:70%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Finished goods</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">113,211</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">131,372</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="70%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:70%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Marketing and media</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">14,728</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">14,130</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="70%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:70%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">127,939</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">145,502</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="70%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:70%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Less: allowance for obsolescence</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">(6,286</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">)</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">(6,286</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">)</p></td></tr> <tr> <td width="70%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:70%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="70%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:70%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Net inventory</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">121,653</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">139,216</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr></table></div> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt"><b>Research and Development</b></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Expenditures for research activities relating to product development and improvement are charged to expense as incurred. Such expenditures amounted to $113,648 and $59,680 for the three months ended September 30, 2012 and 2011, respectively.</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Software development costs are expensed as incurred until technological feasibility has been established, at which time such costs are capitalized until the product is available for general release to customers. To date, the Company&#146;s software has been available for general release to customers and, accordingly, no development costs have been capitalized.</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Software development costs incurred and included in research and development expense noted above totaled $2,430 and $18,608 for the three months ended September 30, 2012 and 2011, respectively.</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p>&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify"><b>Advertising Costs</b></p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Advertising costs are expensed as incurred and are included in sales and marketing expenses on the accompanying statements of operations. Advertising expense totaled $60,835 and $28,082 for the three months ended September 30, 2012 and 2011, respectively.</p> <p>&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify"><b>Revenue Recognition</b></p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Revenues are recognized when a contract has been entered into or an order placed, the price is fixed, shipment of the products to the customer has occurred, or the transfer of title, if later, and collection is reasonably assured.&nbsp;&nbsp;Amounts billed to a customer related to shipping or handling charges are included in revenues.&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Provisions for sales discounts and rebates to customers are recorded, based upon the terms of sales contracts, in the same period the related sales are recorded, as a reduction to the sale. Sales discounts and rebates are offered to certain customers to promote customer loyalty and encourage greater product sales.&nbsp;&nbsp;The Company also provides an allowance for sales returns, that is estimated based upon prior experience.&nbsp;&nbsp;As of September 30, 2012 and 2011, the allowance was $4,919 and $19,289, respectively.</p> <p>&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt"><b>Property and Equipment</b></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">Property and equipment are stated at cost. Depreciation is provided for on the straight-line method over the following estimated useful lives:</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Maintenance and repairs that neither materially add to the value of the property nor appreciably prolong its life are charged to expense as incurred.&nbsp;&nbsp;Betterments or renewals are capitalized when incurred.&nbsp;&nbsp;For the three months ended September 30, 2012 and 2011 depreciation expense was $150 and $207, respectively.</p> <p>&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt"><b>Concentration of Credit Risk</b></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Management maintains the Company&#146;s cash and cash equivalents in bank accounts, which at times may exceed federally insured limits.&nbsp;&nbsp;The Company has not experienced any losses in such accounts, and Management believes the Company is not exposed to any significant credit risk on cash and cash equivalents. As of September 30, 2012 there are no balances that exceeded federally insured limits.</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">During the three months ended September 30, 2012 the Company had one customer that represented approximately 82% of net sales.&nbsp;&nbsp;The Company had approximately $84,200 in accounts receivable at September 30, 2012 from this customer.&nbsp;&nbsp;During the three months ended September 30, 2011, the Company had one customer representing approximately 69% of net sales.&nbsp;&nbsp;The Company had accounts receivable of approximately $106,400 at September 30, 2011 from this customer.</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">During the three months ended September 30, 2012, the Company had no significant vendors, although we still rely on one principal supplier.&nbsp;&nbsp;During the three months ended September 30, 2011, the Company had one vendor representing approximately 21% of purchases.&nbsp;&nbsp;If purchases from this vendor was disrupted, particularly at certain critical times during the year, our sales could be adversely affected in the short term until alternative supply arrangements could be established.</p> <p>&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt"><b>Recent Accounting Pronouncements</b></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">There have been no recent accounting pronouncements or changes in accounting pronouncements during the three months ended September 30, 2012, that are of significance, or potential significance, to us.</p> <p>&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt"><b>Per Share Data</b></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Net loss per share (EPS) of common stock is computed based upon the weighted-average number of common shares outstanding during the year. Net loss equates to loss available to common stockholders as there is no dividend accrued for preferred stock. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock.&nbsp;&nbsp;Basic and diluted EPS were the same for the three months ended September 30, 2012 and 2011, as the Company had losses from operations during both periods and therefore the effect of all potential common stock equivalents is anti-dilutive (reduces loss per share).&nbsp;&nbsp;Stock options and warrants representing 1,754,337 and 63,024 shares of Common Stock were outstanding at September 30, 2012 and 2011, respectively, with exercise prices ranging from $.02 to $1.00 per share. Additionally, there were 827,940 and 800,440 shares of Series D preferred stock outstanding at September 30, 2012 and 2011, respectively, that were convertible into common stock on a 1 for 10 basis.</p> <p>&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt"><b>Income Taxes</b></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">Deferred tax assets and liabilities arise from temporary timing differences between the book and tax basis of accounting for assets, liabilities, and income as well as from timing in the recognition of net operating losses. Deferred income tax assets primarily arise from net operating loss carryforwards and deferred income tax liabilities are based on the different depreciation and amortization methods used for tax reporting and financial accounting purposes. The Company assesses its ability to realize deferred tax assets based on the current earnings performance and on projections of future taxable income in the relevant tax jurisdictions.&nbsp;&nbsp;These projections do not include taxable income from the reversal of deferred tax liabilities and do not reflect a general growth assumption but do consider known or pending events, such as the passage of legislation.&nbsp;&nbsp;The Company&#146;s estimates of future taxable income are reviewed annually.&nbsp;&nbsp;All tax positions are first analyzed to determine if the weight of available evidence indicates that it is more likely than not that the position will be sustained under audit, including resolution of any related appeals or litigation processes.&nbsp;&nbsp;After the initial analysis, the tax benefit is measured as the largest amount that is more than 50% likely of being realized upon ultimate settlement.&nbsp;&nbsp;Our income tax returns are subject to adjustment under audit for approximately the last four years.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">If the Company is required to pay interest on the underpayment of income taxes, the Company recognizes interest expense in the first period the interest becomes due according to the provisions of the relevant tax law.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:justify">If the Company is subject to payment of penalties, the Company recognizes an expense for the amount of the statutory penalty in the period when the position is taken on the income tax return.&nbsp;&nbsp;If the penalty was not recognized in the period when the position was initially taken, the expense is recognized in the period when the Company changes its judgment about meeting minimum statutory thresholds related to the initial position taken.</p> <p>&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt"><b>Liquidity</b></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">The accompanying unaudited condensed financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. The Company has not yet established an ongoing source of revenue sufficient to cover its operating costs, which raises doubts about the ability of the Company to continue as a going concern. In order to continue as a going concern, the Company will need to generate additional revenue and obtain additional capital to fund its operating losses and service its obligations. Management of the Company has developed a strategy, which it believes will accomplish this objective through additional equity funding and long term financing, which will enable the Company to operate for the coming year, though there can be no assurance that the Company&#146;s efforts will be successful. The condensed financial statements do not include any adjustments that might result from the outcome of these uncertainties.</p> <p>&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt">At September 30, 2012 and June 30, 2012 inventory is comprised of the following:</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <div align="center"> <table width="80%" style="WIDTH:80%" cellpadding="0" cellspacing="0"> <tr> <td width="70%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:70%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><b>&nbsp;</b></p></td> <td width="13%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:13%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center"><b>September 30, 2012</b></p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><b>&nbsp;</b></p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><b>&nbsp;</b></p></td> <td width="13%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:13%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center"><b>June 30, 2012</b></p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><b>&nbsp;</b></p></td></tr> <tr> <td width="70%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:70%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="13%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:13%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">(Unaudited)</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="13%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:13%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="70%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:70%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="13%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:13%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="13%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:13%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="70%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:70%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Finished goods</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">113,211</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">131,372</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="70%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:70%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Marketing and media</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">14,728</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">14,130</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="70%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:70%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">127,939</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">145,502</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="70%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:70%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Less: allowance for obsolescence</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">(6,286</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">)</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">(6,286</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">)</p></td></tr> <tr> <td width="70%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:70%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="70%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:70%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Net inventory</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">121,653</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="12%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:12%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">139,216</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr></table></div> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <!--egx--><p style="MARGIN:0in 0in 0pt">As of September 30, 2012 and June 30, 2012, notes payable consists of the following:</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <div align="center"> <table width="94%" style="WIDTH:94%" cellpadding="0" cellspacing="0"> <tr> <td width="66%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:66%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><b>&nbsp;</b></p></td> <td width="15%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:15%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center"><b>September 30, 2012</b></p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><b>&nbsp;</b></p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><b>&nbsp;</b></p></td> <td width="15%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:15%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center"><b>June 30, 2012</b></p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt"><b>&nbsp;</b></p></td></tr> <tr> <td width="66%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:66%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="15%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:15%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">(Unaudited)</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="15%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:15%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="66%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:66%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">10% Bridge Loan to an entity through May, 2013; unsecured</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">72,655</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">50,000</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="66%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:66%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="66%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:66%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="66%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:66%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">72,655</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">50,000</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="66%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:66%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Less: unamortized discount for warrants</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">(6,767</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">)</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">(6,868</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">)</p></td></tr> <tr> <td width="66%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:66%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">65,888</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="14%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:14%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">43,132</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr></table></div> <!--egx--><p style="MARGIN:0in 0in 0pt">A summary of the options and warrants for the quarter ended September 30, 2012are presented in the table below:</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <div align="center"> <table width="93%" style="WIDTH:93%" cellpadding="0" cellspacing="0"> <tr> <td width="52%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:52%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="10%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:10%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Weighted </p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Average </p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Exercise </p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Price</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="10%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:10%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Number of </p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Options and </p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Warrants</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="10%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:10%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Weighted </p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Average </p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Remaining </p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Contractual Term</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="10%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:10%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Aggregate </p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Fair </p> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:center" align="center">Value</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="52%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:52%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="10%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:10%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="10%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:10%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="10%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:10%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="10%" colspan="2" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:10%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8; BACKGROUND-COLOR:transparent" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="52%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:52%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Outstanding at June 30, 2012</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">0.04</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">209,924</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">3.16</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">151,955</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="52%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:52%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="52%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:52%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Granted</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">0.96</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">1,569,413</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">0.93</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">33,730</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="52%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:52%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Exercised</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">-</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">(25,000</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">)</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">-</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:black 1.5pt solid" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">-</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:1.5pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="52%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:52%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:aliceblue; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="52%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:52%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Outstanding at September 30, 2012 (Unaudited)</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">0.87</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">1,754,337</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">1.14</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">&nbsp;</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt">$</p></td> <td width="9%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:0in; BORDER-LEFT:#ece9d8; WIDTH:9%; PADDING-TOP:0in; BORDER-BOTTOM:black 2.25pt double" valign="bottom"> <p style="MARGIN:0in 0in 0pt; TEXT-ALIGN:right" align="right">185,685</p></td> <td width="1%" style="BORDER-RIGHT:#ece9d8; PADDING-RIGHT:0in; BORDER-TOP:#ece9d8; PADDING-LEFT:0in; BACKGROUND:white; PADDING-BOTTOM:3pt; BORDER-LEFT:#ece9d8; WIDTH:1%; PADDING-TOP:0in; BORDER-BOTTOM:#ece9d8" valign="bottom"> <p style="MARGIN:0in 0in 0pt">&nbsp;</p></td></tr></table></div> <!--egx--><p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">As of September 30, 2012 and June 30, 2012, notes payable to related parties consists of the following:</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p> <table width="100%" style="WIDTH:100%" cellpadding="0" cellspacing="0"> <tr> <td width="4%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:1.5pt; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:4%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="64%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:1.5pt; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:64%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:1.5pt; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" colspan="2" style="BORDER-BOTTOM:black 1.5pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:14%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">September 30, 2012</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:1.5pt; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:1.5pt; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" colspan="2" style="BORDER-BOTTOM:black 1.5pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:14%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">June 30, 2012</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:1.5pt; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="4%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:4%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="64%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:64%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" colspan="2" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:14%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">(Unaudited)</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="14%" colspan="2" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:14%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="4%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:4%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="64%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:64%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">10% Bridge Loan to an entity through April, 2013; unsecured</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="13%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:13%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">360,000</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="13%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:13%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">260,000</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="4%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:1.5pt; PADDING-LEFT:0in; WIDTH:4%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="64%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:1.5pt; PADDING-LEFT:0in; WIDTH:64%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:1.5pt; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:black 1.5pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="13%" style="BORDER-BOTTOM:black 1.5pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:13%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:1.5pt; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:1.5pt; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:black 1.5pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="13%" style="BORDER-BOTTOM:black 1.5pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:13%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:1.5pt; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="4%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:4%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="64%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:64%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="13%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:13%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="13%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:13%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="4%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:4%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="64%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:64%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="13%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:13%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">360,000</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="13%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:13%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">260,000</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td></tr> <tr> <td width="4%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:1.5pt; PADDING-LEFT:0in; WIDTH:4%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="64%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:1.5pt; PADDING-LEFT:0in; WIDTH:64%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">Less: unamortized discount for warrants</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:1.5pt; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:black 1.5pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="13%" style="BORDER-BOTTOM:black 1.5pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:13%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">(28,866</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:1.5pt; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">)</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:1.5pt; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:black 1.5pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="13%" style="BORDER-BOTTOM:black 1.5pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:13%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">(38,167</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:1.5pt; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:aliceblue; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">)</p></td></tr> <tr> <td width="4%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:3pt; PADDING-LEFT:0in; WIDTH:4%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="64%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:3pt; PADDING-LEFT:0in; WIDTH:64%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp; </p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:3pt; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:black 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">$</p></td> <td width="13%" style="BORDER-BOTTOM:black 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:13%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">331,134</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:3pt; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:3pt; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td> <td width="1%" style="BORDER-BOTTOM:black 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">$</p></td> <td width="13%" style="BORDER-BOTTOM:black 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:13%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">221,833</p></td> <td width="1%" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:3pt; PADDING-LEFT:0in; WIDTH:1%; PADDING-RIGHT:0in; BACKGROUND:white; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p></td></tr></table> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt">&nbsp;</p> 51818 44425 113211 131372 14728 14130 127939 145502 -6286 -6286 121653 139216 4919 19289 1754337 209924 0.02 0.02 1.00 1.25 827940 800440 2964 5919 113648 59680 2430 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link:calculationLink 000060 - Disclosure - Nature of Corporation link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 6 bzic-20120930_cal.xml EX-101.DEF 7 bzic-20120930_def.xml EX-101.LAB 8 bzic-20120930_lab.xml Weighted Average Exercise Price 2009 Incentive Compensation Plan Number of options under Incentive Compensation Plan are outstanding Number of options under Incentive Compensation Plan are outstanding. Preferred stock par value Face amount or stated value per share of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share. Issuance of warrants percentage on bridge loans The percentage of issuance of warrants on the principal amount of bridge loans. Number of shares paid to consultant Number of shares issued to the consultant. Percentage of vendors on purchases The percentage of vendors on net sales during the period. Percentage of one customer on net sales Percentage of one customer on net sales Concentration of Credit Risk. Series D Preferred Stock shares outstanding. Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased Allowance for uncollectible accounts receivable Summary of options and warrants issued {1} Summary of options and warrants issued Use of Estimates Presentation of Interim Information Equity Accounts receivable allowance INCOME STATEMENT Accumulated deficit Accounts payable ASSETS Document Period End Date Granted Number of Options and warrants granted during the period. Remaining contractual term Common stock per share value of shares issued Per share value of common stock shares issued to various contractors, officers and directors. Royalty Fees Royalty Fees Allowance for sales returns For each income statement presented, the amount of estimated sales returns. Notes payable to related parties Research and Development Note Payable Cash flows from financing activities: Total Stockholders' Equity (Deficit) Commitments and Contingencies Equity summary of options and warrants issued Common stock shares reserved for issuance under Incentive Compensation Plan 2009 .Common stock shares reserved for issuance under Incentive Compensation Plan. Common stock shares reserved for issuance under Incentive Compensation Plan 2004 Common stock shares reserved for issuance under Incentive Compensation Plan. Warrants issued during August 2012 The number of warrants or rights which entitle the entity to receive future services in exchange for the unvested, forfeitable warrants or rights. Warrants and Options Note Payable Bridge Loan Bridge Loan, Net Short-Term financing which is expected to be paid back relatively quickly, such as by a subsequent longer-term loan. Also called swing loan or bridge financing. Bridge Loan Total The amount of total bridge loan. Issuance of preferred stock and notes as per consulting agreement The amount of issuance of preferred stock and notes as per consulting agreement. Property and Equipment Accounts Receivable, Net {1} Accounts Receivable, Net Disclosure of accounting policy for accounting receivable net. Interest paid Increase (decrease) in cash and cash equivalents Interest expense Registration costs Registration costs incurred. LIABILITIES AND STOCKHOLDERS' EQUITY(DEFICIT) Deposits {1} Deposits Fair value of warrants under following assumptions: Notes payable to related parties {1} Notes payable to related parties Tabular disclosure of notes payable to related parties. Schedule of Inventory Advertising Costs Stock Based Compensation and Warrants Equity {1} Equity Commitments {1} Commitments Sales and marketing expenses Preferred Stock, shares authorized Notes payable, net of discount Total Assets Entity Public Float Entity Current Reporting Status Entity Common Stock, Shares Outstanding 10% Bridge Loan to various individuals or entities due Expired Number of Options and warrants expired during the period. Outstanding Outstanding Outstanding Number of options and warrants outstanding as on the date. Series D convertible preferred stock converted into common shares Number of preferred stock converted into common stock shares. Revenue Recognition and Accounts Receivable Summary of options and warrants issued Net cash provided by financing activities Changes in Assets and Liabilities Entity Registrant Name Bridge Loans Minimum Bridge Loans Minimum Common stock outstanding shares Total number of shares of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares represent the ownership interest of the common shareholders. Shares outstanding equals shares issued minus shares held in treasury and other adjustments, if any. Advertising Costs. Research activities related to product development and improvement The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use Stock options and warrants outstanding Stock options and warrants outstanding as of the date. Inventory Gross Marketing and media supplies Recent Accounting Pronouncements Disclosure of Recent Accounting Pronouncements policy of the entity during the period. Income taxes paid Equity issued for services and liabilities. Equity issued for services and liabilitiesunder non cash activity. Cash and cash equivalents, beginning of year Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year Net Loss Research and development expenses Common Stock, shares authorized Property and equipment, net Current Assets: Discount on conversion Discount on conversion Expected Volatility Rate Expected volatility rate for determining the fair value of warrants using the Black-Scholes Option Pricing model. Series D convertible preferred stock shares outstanding Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased. Commitments Consulting Fees and Royalty . Accounts receivable from One customer Accounts receivable from One customer Subsequent Events {1} Subsequent Events Related party payments of accounts payable The value of the related party payments of accoutns payable in a noncash (or part noncash) transaction. Common Stock, par or stated value Entity Voluntary Filers Future payments of consulting fees The amount of consulting fees. Commitments Future payments Monthly payment of consulting fees beginning from July 2009 Monthly payment of consulting fees beginning from July 2009 The amount of consulting fees. Reseach and Development. Exercise price maximum range Exercise price of maximum range. Inventory, net, Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer Inventory is comprised of the following Concentration of Credit Risk Disclosure of accounting policy for concentration of credit risk of the entity during the period. Summary of Significant Accounting Policies and Use of Estimates {1} Summary of Significant Accounting Policies and Use of Estimates Changes in Accounts receivable Loss per share Depreciation and amortization Gross profit (loss) Sales, net Convertible Preferred Stock series D, shares outstanding Prepaid expenses and other current assets Outstanding' Outstanding' Number of options and warrants outstanding as on the date. Expected Dividend Rate Expected Dividend Rate Warrant Life Warrant Life for determining the fair value of warrants using the Black-Scholes Option Pricing model. Series D convertible preferred stock shares issued Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Equity common stock Value of debt of consultant The amount of debt, shares issued for the debt. Monthly payment of consulting fees beginning from November, 2010 Monthly payment of consulting fees beginning from November, 2010 Monthly payment of consulting fees beginning from November, 2010 Royalty maximum rate The maximum rate of royalty. Accounts Receivable Net Bad Debt Expense Per Share Data. Revenue Recognition Related Party Transactions {1} Related Party Transactions Nature of Corporation Convertible Preferred Stock, shares series D authorized The maximum number of convertible nonredeemable preferred shares series D (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws Total Current Assets Entity Central Index Key Amendment Flag Less: unamortized discount The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized. Aggregate Fair Value Preferred stock shares authorized' The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Common stock authorized shares The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Less: unamortized discount for warrants Advertising expense' Liquidity Subsequent Events Loss from Operations Preferred Stock 10,000,000 shares authorized $.001 par value: Series D Convertible Preferred; 1,300,000 authorized; 827,940 and 800,440 shares issued and outstanding Current Fiscal Year End Date Unsecured loan net of discount The amount of unsecured debt net of unamortized discount. October, 2012; unsecured Including the current and noncurrent portions, carrying value as of the balance sheet date of uncollateralized debt obligations (with maturities initially due after one year or beyond the operating cycle if longer). Number of Options and Warrants Exercise price per share, shares issued during August 2012 Exercise price per share, shares issued during August 2012 Exercise price per share, shares issued Exercise price per share, shares issued. Series D convertible preferred stock shares authorized The maximum number of nonredeemable preferred series D shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Note payable consisted of the following Software development costs included in research and development expense Bad debt expense. Amount of the current period expense charged against operations, the offset which is generally to the allowance for doubtful accounts for the purpose of reducing receivables, including notes receivable, to an amount that approximates their net realizable value (the amount expected to be collected). Schedule of Inventory {1} Schedule of Inventory Fair Value of Financial Instruments Summary of Significant Accounting Policies and Use of Estimates Changes in Prepaid expenses and other assets Cash flows from operating activities: Common Stock, shares outstanding Statement [Line Items] Document Fiscal Period Focus Entity Filer Category Warrants issued The number of warrants or rights which entitle the entity to receive future services in exchange for the unvested, forfeitable warrants or rights. Cash paid for: Changes in Accrued liabilities Reconciliation of Net Loss to Net Cash Provided (Used) by Operating Activities Basic and diluted loss per common share Bridge Loans Maximum Bridge Loans Maximum Subsequent Transactions Details 2004 Incentive Compensation Plan Discount to finance Bridge Loan Agreements at a discount to the terms of such financing. Bridge promissory notes into securities The Bridge Loan Agreements provide that each noteholder shall have the option to convert any or all of the principal balance of, and accrued, but unpaid interest on suc h noteholder's Bridge Promissory Note into securities offered in an equity financing of the Company Less: allowance for obsolescence Charge to cost of goods sold that represents the reduction of the carrying amount of inventory, generally attributable to obsolescence or market conditions. Accounts Receivable Net. Bridge Loan {2} Bridge Loan Tabular disclosure of the Bridge loan and unamortized discount for warrants. Cash and Cash Equivalent Related Party Transactions Proceeds from related party bridge loans Net cash provided (used) by operating activities Depreciation and amortization. Convertible Preferred Stock, shares series D issued Common Stock, $.001 par value, 40,000,000 shares authorized; 14,426,082 and 14,146,082 shares issued and outstanding Notes payable - related parties, net of discount Accrued liabilities Inventory, net Common stock issued shares Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Summary of Significant Accounting Policies and Use of Estimates (Policies) Note Payable {1} Note Payable Proceeds from exercise of warrants Amortization of debt discount Equity issued for services and liabilities Equity issued for services and liabilities under operating activity. Weighted average common shares outstanding - basic and diluted The average number of shares or units issued and outstanding that are used in calculating basic and diluted EPS Interest income Common Stock, shares issued Stockholders equity number of shares par value Current Liabilities: Accounts receivable, net Issue of shares of common stock to various contractors Issue of shares of common stock to various contractors Statement, Equity Components [Axis] Warrants exercise price for the issuance of warrants to bridge loans Warrants exercise price for the issuance of warrants to bridge loans. 10% Bridge Loan to an entity due October, 2012; unsecured The amount of 10% bridge loan unsecured to an entity and due on October, 2012. Royalty minimum rate The minimum rate of royalty. Increase of consulting fees per month The amount of consulting fees. Property and equipment Depreciation Finished goods Issuance of bridge loan for payment of services Issuance of bridge loan for payment of services Warrants issued with bridge loans Warrants issued with bridge loans Total Liabilities and Stockholders' Equity (Deficit) Additional paid-in capital Total Liabilities Cash and cash equivalents Document Fiscal Year Focus Series C Preferred stock shares issued. Number of Series C Preferred stock shares issued. . Common stock shares issued to various contractors, officers and directors Number of Common stock shares issued to various contractors, officers and directors. Exercise price minimum range Exercise price of minimum range. Bridge Loan {1} Bridge Loan Income Taxes Commitments Nature of Corporation {1} Nature of Corporation Non-cash activity Changes in Accounts payable Net Loss for the period General and administrative expenses Entity Well-known Seasoned Issuer Document Type Risk Free interest Rate Risk free interest rate for determining the fair value of warrants using the Black-Scholes Option Pricing model. Per share value of liquidation preference Equity Preferred Stock Authorized Shares The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Depreciation expense.' Amount of total depreciation expense for property, plant and equipment. Includes production and non-production related depreciation. Per Share Data Inventory, Net {1} Inventory, Net Prepaid Expenses Disclosure of prepaid expenses policy of the entity during the period. Changes in Inventory Other Income (Expense): Cost of goods sold Preferred Stock, par or stated value Stockholders' Equity (Deficit): Advances from related party Statement [Table] Document and Entity Information EX-101.PRE 9 bzic-20120930_pre.xml XML 10 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 11 R25.htm IDEA: XBRL DOCUMENT v2.4.0.6
Equity Warrants and Options (Details) (USD $)
3 Months Ended
Sep. 30, 2012
Warrants issued 61,313
Exercise price per share, shares issued $ 0.02
Warrants issued during August 2012 1,500,000
Exercise price per share, shares issued during August 2012 $ 1
Expected Volatility Rate 150.00%
Risk Free interest Rate 1.00%
Warrant Life 3
Expected Dividend Rate 0.00%
XML 12 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note Payable
3 Months Ended
Sep. 30, 2012
Note Payable  
Note Payable

Note 4

Notes Payable 

 

 

As of September 30, 2012 and June 30, 2012, notes payable consists of the following:

 

 

 

September 30, 2012

 

 

June 30, 2012

 

 

 

(Unaudited)

 

 

 

 

10% Bridge Loan to an entity through May, 2013; unsecured

 

 

72,655

 

 

 

50,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

72,655

 

 

 

50,000

 

Less: unamortized discount for warrants

 

 

(6,767

)

 

 

(6,868

)

 

 

$

65,888

 

 

$

43,132

 

 

During the three months ended September 30, 2012 and the year ended June 30, 2012 the Company issued Bridge Loans to related parties (Note 6) and two unrelated parties.  The Bridge Loans also provided for the issuance of warrants at the rate of 50% of the principal amount that are exercisable at $.02 per share (Note 5).  A discount, related to the relative fair value of the warrants at the date of grant, was recorded and is being amortized to interest expenses over the term of the loans under the effective interest method.  The Bridge Loan Agreements provide that each noteholder shall have the option to convert any or all of the principal balance of, and accrued, but unpaid interest on such noteholders'  Bridge Promissory Note into securities offered in an equity financing of the Company of $2,000,000 or more consummated after the date of the Bridge Loan Agreements at a 10% discount to the terms of such financing.  The closing of such financing has not occurred as of the date of the financial statements.  If the Company does not raise $3,000,000 or more before December 31, 2012, then the maturity date of the Bridge Promissory Notes automatically extends to the sooner of December 31, 2014 or when such funds are raised.  In that case, additional warrants to purchase Common Stock at an exercise price of $0.02 per share shall be issued to each noteholder in an amount equal to 1 share of Common Stock for each $2 of principal amount of the Bridge Promissory Notes issued to the noteholders.  No principal or interest has been paid on the Bridge Promissory Notes and subsequent to September 30, 2012 the notes were amended to extend the maturity dates through March 2013 and the provisions for the 10% discount upon conversion was eliminated (Note 7).

 

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