INCOME TAXES (Details) (USD $)	Jun. 30, 2012	Jun. 30, 2011
Income Tax Disclosure [Abstract]
Corporate income tax rate	34.00%	34.00%
Expected income tax (recovery)	$ (174,245)	$ 506,320
Non-deductible finance costs and other	102,000
Change in valuation allowance	72,245
Income tax provision		$ 506,320

- Definition

The amount of the valuation allowance recorded for tax benefits that will be credited to shareholders' equity if those tax benefits subsequently become realizable. Examples include 1) adjustments of the opening balance of retained earnings for certain changes in accounting principle or a correction of an error; 2) gains and losses included in comprehensive income but excluded from net income; 3) expenditures that are deductible for income tax purposes that are reported as a reduction of shareholders' equity; 4) expenses for employee stock options recognized differently for financial reporting purposes and income tax purposes; 5) dividends paid on unallocated shares held by an ESOP that are charged to retained earnings and 6) deductible temporary differences that existed at the date of a quasi reorganization.

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