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NOTE 6 - USECURRED NOTES PAYABLE TO RELATED PARTIES

12 Months Ended

Jun. 30, 2012

Debt Disclosure [Abstract]

NOTE 6 - USECURRED NOTES PAYABLE TO RELATED PARTIES

NOTE 6– USECURRED NOTES PAYABLE TO RELATED PARTIES

The unsecured notes payable to present and past affiliates of the Company are related to legal fees, director fees, and unpaid salaries that were converted into 12% notes payable with a maturity date of June 30, 2012. The notes were not paid at maturity, therefore the interest rate increased to 18% per annum. These notes consist of the following:

Note Holder		Amount
ClearWater Law and Governance Group, LLC		$	3,783
James U Jensen			7,117
John M Knab			5,500
John D Thomas			6,000
Robert K Bench			24,500
Robyn Farnsworth			15,000
Total		$	61,900

The Company is default on the Notes and is now accruing interest at 18% per annum. No affiliate has demanded payment.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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