Note Payable

3 Months Ended

Sep. 30, 2013

Note Payable [Abstract]

NOTE PAYABLE

NOTE 5NOTE PAYABLE

During March 2012 the Company borrowed $15,000 pursuant to a note bearing interest at 10% per annum, payable interest only until March 1, 2015, when the principal balance is due.

During the year ended June 30, 2013, the Company borrowed an aggregate of $265,000 pursuant to notes bearing interest at 10% per annum and due 48 months from the dates of the notes, payable interest only until the due dates during the year ended June 30, 2017, when the principal is due.

During the period ended September 30, 2013, the Company borrowed $90,000 pursuant to notes bearing interest at 10% per annum and due 48 months from the dates of the notes, payable interest only until the due dates during August and September 2017, when the principal is due.  In addition, the Company borrowed $250,000 pursuant to 36 month 10% loans from private investors. The $250,000 loans are secured by all of the Company’s assets and are convertible by the investors into the Company's current registered offering with $200,000 being convertible into the offering at a 20% discount to the offering price and $50,000 being convertible at a 50% discount to the offering price. In addition, the $250,000 debt includes warrants to purchase $250,000 in common shares for a three year period at a price equal to 125% of the share price of the offering.