NOTE 8 - STOCKHOLDERS EQUITY

6 Months Ended

Dec. 31, 2013

Equity [Abstract]

NOTE 8 - STOCKHOLDERS EQUITY

NOTE 8 – STOCKHOLDERS EQUITY

Common Stock

During the three months ended December 31, 2013:

a) The Company issued 8 shares of common stock to employees and consultants as compensation valued at $67 under a stock bonus plan.

b) The Company issued 5 shares of common stock for costs and expenses of $45.

c) Options for 10 shares of common stock pursuant to the 2005 Incentive Stock Option Plan were exercised for $31.

During the six months ended December 31, 2013:

a) The Company issued 11 shares of common stock to employees and consultants as compensation valued at $86 under a stock bonus plan.

b) The Company issued 20 shares of common stock for costs and expenses of $155.

c) Options for 10 shares of common stock pursuant to the 2005 Incentive Stock Option Plan were exercised for $31.