Restatement Of Financial Statements (Tables)

12 Months Ended

Jun. 30, 2013

Restatement Of Financial Statements Tables

Balance Sheet

	June 30, 2013
	Originally
	Reported			Restated			Difference
ASSETS
CURRENT ASSETS
Cash	$	28,196		$	28,196			-
Total current assets		28,196			28,196			-
Total Assets	$	28,196		$	28,196			-
LIABILITIES AND STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES:
Accounts payable	$	7,765		$	7,765			-
Related party payables		-			-			-
Notes payable		-			-			-
Convertible notes payable		666,000			766,000			(100,000	)
Derivative Liability		8,223,786			9,448,441			(1,224,655	)
Accrued interest payable		-			-			-
		8,897,551			10,222,206			(1,324,655	)
Total current liabilities		8,897,551			10,222,206			(1,324,655	)
STOCKHOLDERS' DEFICIT
Preferred stock: $0.001 par value; 10,000,000 shares authorized;
none issued or outstanding at June 30, 2013 and 2012,          respectively.		-			-			-
Common stock: $0.001 par value; 500,000,000 shares authorized;
103,125,000 and 179,125,000 shares issued and outstanding
at June 30, 2013 and 2012, respectively.		103,125			103,125			-
Common stock issuable		101,000			101,000			-
Additional paid-in capital		381,356			381,356			-
Accumulated deficit		(9,454,836	)		(10,779,491	)		1,324,655
Total stockholders' deficit		(8,869,355	)		(10,194,010	)		1,324,655
Total liabilities and stockholders' deficit	$	28,196		$	28,196			-

Statement of Operations

	For the year ended June 30, 2013
	Originally Reported			Restated			Difference
Sales	$	-		$	-			-
Cost of goods sold		-			-			-
Gross Margin		-			-			-
Operating Expenses
Consulting		264,116			264,116			-
General and administrative		122,010			222,010			100,000
Professional Fees		46,833			46,833			-
Travel		93,831			93,831			-
Wages		86,518			86,518			-
Total operating expenses		613,308			713,308			100,000
Loss from Operations		(613,308	)		(713,308	)		(100,000	)
Other (Income) Expenses
Interest expense- derivative		(8,223,786	)		(9,448,441	)		1,224,655
Loss on sale to subsidiary		(32,261	)		(32,261	)		-
Other (income) expenses		(8,256,047	)		(9,480,702	)		1,224,655
Loss before Income Taxes		(8,869,355	)		(10,194,010	)		(1,324,655	)
Provision for income tax		-			-			-
Net Loss from continuing operations	$	(8,869,355	)	$	(10,194,010	)		(1,324,655	)
Discontinued Operations:
Income from discontinued operations		-			-			-
Net Loss	$	(8,869,355	)	$	(10,194,010	)		(1,324,655	)
Net income (loss) per common share- basic and diluted	$	(0.08	)	$	(0.10	)		0.02
Weighted average common shares outstanding-
basic and diluted		107,081,164			107,081,164			-

Statement of Cash Flows

	For the Year Ended June 30, 2013
	Originally Reported			Restated			Difference
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(8,869,355	)	$	(10,194,010	)		1,324,655
Adjustments to reconcile net loss to net cash
used by operating activities:
Derivative interest		8,223,786			9,448,441			(1,224,655	)
Debt forgiveness		209,015			209,015			-
Changes in operating assets and liabilities:
Discontinued operations		-			-			-
Related party payables		(200	)		(200	)		-
Accounts payable and accrued expenses		(154,027	)		(154,027	)		-
NET CASH USED IN OPERATING ACTIVITIES		(590,781	)		(690,781	)		100,000
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of notes payable		(47,023	)		(47,023	)		-
Proceed from convertible notes payable		666,000			766,000			(100,000	)
NET CASH PROVIDED BY FINANCING ACTIVITIES		618,977			718,977			(100,000	)
NET CHANGE IN CASH		28,196			28,196			-
Cash at beginning of the period		-			-			-
Cash at end of the period	$	28,196		$	28,196			-
SUPPLEMENTAL DISCLOSURE OF
CASH FLOWS INFORMATION:
Interest paid	$	-		$	-			-
Income tax paid	$	-		$	-			-