Note 10 - Income Taxes: Deferred income tax assets, temporary differences and carry forwards (Tables)

12 Months Ended

Jun. 30, 2015

Tables/Schedules

Deferred income tax assets, temporary differences and carry forwards

The temporary differences and carry forwards which give rise to the deferred income tax assets are as follows:

	For the Years Ended June 30,
	2015	2014
Accrued compensation	$22,380	$43,189
Debt discount & benefical conversion feature	-	(4,075)
Other	-	6,516
Net operating loss carry forwards	993,318	774,617
Valuation allowance	(1,015,698)	(820,247)
Net long-term deferred tax asset	$-	$-