Stock Option (Tables)

3 Months Ended

Sep. 30, 2012

Equity [Abstract]

Stock Option Activity

	Shares		Weighted Average Grant Date Fair Value
Unvested, at June 30, 2012		-		-
Granted		300,000	$	0.25
Vested		300,000
Forfeited		-
Unvested, at September  30, 2012		-	$	0.25

Stock Option Valuation Assumptions

	Options Granted
	2012
Fair value of options granted	$	0.85
Assumptions used:
Expected life (years) (a)		1.00
Risk free interest rate (b)		0.18	%
Volatility (c)		111	%
Dividend yield (d)		0.00	%

a)	Expected life: The expected term of options granted is determined using the “shortcut” method allowed by SAB No.107. Under this approach, the expected term is presumed to be the mid-point between the vesting date and the end of the contractual term.
b)	Risk-free interest rate: The rate is based on the U.S. Treasury zero-coupon yield curve on the grant date for a maturity similar to the expected life of the options.

c)	Volatility: The expected volatility of the Company’s common stock is calculated by using the historical daily volatility of the Company’s stock price calculated over a period of time representative of the expected life of the options.
d)	Dividend yield: The dividend yield rate is not considered in the model, as the Company has not established a dividend policy for the stock.