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Property and Equipment

12 Months Ended

Jun. 30, 2012

Note 3 - Property and Equipment

The Company records property and equipment at cost less accumulated depreciation. Below is a summary of property and equipment:

	Life In Years	June 30, 2012	June 30, 2011
Office Equipment and Furniture	7	$18,472	$18,910
Less Accumulated Depreciation		(10,630)	(5,125)
Net Book Value		$7,842	$13,785

Depreciation expense on property and equipment was $5,505 and $4,058, for the years ended June 30, 2012, and 2011, respectively.

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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