Prepaid Expenses	9 Months Ended
Mar. 31, 2013
Prepaid Expenses:
Prepaid Expenses	7. Prepaid Expenses At March 31, 2013, the Company had prepaid expenses consisting of prepaid consulting fees, prepaid insurance, and prepaid rent of $636,170 of which $333,476 was considered a current asset with the remainder of $302,694 as non-current. The non-current portion is related to long term consulting contracts with two independent service providers to assist the Company with long-term strategies, investor relations, and marketing. The non-current portion will be amortized over the life of the remaining contracts.

Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.17)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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