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Leases	12 Months Ended
Jun. 30, 2012
Leases:
Leases	Note 8 - Leases At December 21, 2007, the Company signed a new operating lease for its headquarter facilities that expired December 31, 2010. Under the terms of the lease agreement, the Company was responsible for its share of normal operating costs, including maintenance expenses, property taxes and insurance. Rent for the first 12 months was $817 per month which includes 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 operating lease agreement was entered into effective March 5, 2010 for a period of two years after which the lease will continue on a month to month basis. Rent was $2,500 per month with a security deposit of $7,500. Under the terms of the lease agreement, the Company was responsible for its share of normal operating costs, including maintenance expenses, property taxes and insurance. The Company incurred rent expense on the headquarters facility of $30,000 and $48,500 for the years ended June 30, 2012 and 2011, respectively. Subsequent to June 30, 2012 the Company effectuated a new lease for the headquarters facility (See Note 11).

Leases

12 Months Ended

Jun. 30, 2012

Note 8 - Leases

At December 21, 2007, the Company signed a new operating lease for its headquarter facilities that expired December 31, 2010. Under the terms of the lease agreement, the Company was responsible for its share of normal operating costs, including maintenance expenses, property taxes and insurance. Rent for the first 12 months was $817 per month which includes 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 operating lease agreement was entered into effective March 5, 2010 for a period of two years after which the lease will continue on a month to month basis. Rent was $2,500 per month with a security deposit of $7,500. Under the terms of the lease agreement, the Company was responsible for its share of normal operating costs, including maintenance expenses, property taxes and insurance.

The Company incurred rent expense on the headquarters facility of $30,000 and $48,500 for the years ended June 30, 2012 and 2011, respectively. Subsequent to June 30, 2012 the Company effectuated a new lease for the headquarters facility (See Note 11).

- 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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