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Leases	6 Months Ended
Dec. 31, 2011
Leases:
Leases of Lessee Disclosure	8. Leases At December 21, 2007, the Company signed a new operating lease for its headquarters facility that expired December 31, 2010. Under the terms of the lease agreement, the Company was responsible for its share of normal operating costs. Rent for the first 12 months was $817 per month which included city tax and a parking fee. The rent for the remaining 24 months was $881 per month including tax and parking. The lease agreement included a $775 security deposit. A new lease for the facility was executed on March 5, 2010 for a period of two years with the lease ending March 5, 2012. Rent was increased to $2,500 per month with a security deposit of $7,500. Under the terms of the lease agreement, the Company is responsible for its share of normal operating costs, including maintenance expenses, property taxes and insurance. The Company is continuing their lease on a month to month basis after March 2012. Future minimum lease payments are as follows: January 2012 through March 2012 $7,500 The Company incurred rent expense on the headquarters facility of $7,500 and $15,000 for the three and six months ended December 31, 2011 and 2010, respectively.

Leases

6 Months Ended

Dec. 31, 2011

8. Leases

At December 21, 2007, the Company signed a new operating lease for its headquarters facility that expired December 31, 2010. Under the terms of the lease agreement, the Company was responsible for its share of normal operating costs. Rent for the first 12 months was $817 per month which included city tax and a parking fee. The rent for the remaining 24 months was $881 per month including tax and parking. The lease agreement included a $775 security deposit. A new lease for the facility was executed on March 5, 2010 for a period of two years with the lease ending March 5, 2012. Rent was increased to $2,500 per month with a security deposit of $7,500. Under the terms of the lease agreement, the Company is responsible for its share of normal operating costs, including maintenance expenses, property taxes and insurance. The Company is continuing their lease on a month to month basis after March 2012.

Future minimum lease payments are as follows:

January 2012 through March 2012 $7,500

The Company incurred rent expense on the headquarters facility of $7,500 and $15,000 for the three and six months ended December 31, 2011 and 2010, respectively.

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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