STOCK WARRANTS (Tables)

12 Months Ended

Jun. 30, 2014

Notes to Financial Statements

Schedule of Derivative Warrant Liability

Fair value assumptions – derivative warrants:	Year Ended June 30, 2014
Risk free interest rate		1.62	%
Expected term (years)		5
Expected volatility		362	%
Expected dividends		0	%

Warrants

	Number of Shares Granted		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (years)		Aggregate Intrinsic Value
July 1, 2012		—	$	—		—	$	—
Grants		—		—		—		—
Expired		—		—		—		—
June 30, 2013		—	$	—		—		—
Grants		43,319,259		0.06		6.17		9,272,292
Expired		—		—		—		—
June 30, 2014		43,319,259	$	0.06		6.17	$	9,272,292

Warrant Exercise Range

Exercise Price Range		Shares Outstanding		Shares Exercisable		Weighted Contractual Life Remaining (in Years)		Weighted Average Exercise Price
$	0.050		35,875,000		35,875,000		6.16	$	0.050
$	0.100		4,999,998		5,000,000		6.3	$	0.100
	$0.059-$0.070		2,444,261		2,444,261		6.5		$0.059-$0.070

Fair Value Assumptions

Fair value assumptions –	Year Ended June 30, 2014
Risk free interest rate		1.62%-2.19
Expected term (years)		5-7
Expected volatility		219%-362%
Expected dividends		0	%