INTANGIBLE ASSET

12 Months Ended

Jun. 30, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSET

The Company’s intangible asset was comprised of the following on June 30, 2012 and 2011:

	2012			2011
License Agreement	$	2,268		$	—
Accumulated Amortization		(50	)		—
Intangible Asset, Net	$	2,218		$	—

Amortization expense for the years ended June 30, 2012 and 2011 was $50 and $-0-, respectively. The Company’s future estimated amortization for the above intangible asset is as follows:

Year		Amortization
2013	$	454
2014		454
2015		454
2016		454
2017		402
Total	$	2,218