Consolidated Balance Sheets ( March 31, 2012 Unaudited) (USD $)	Mar. 31, 2012	Jun. 30, 2011
Current assets:
Cash and cash equivalents	$ 4,612,852	$ 3,767,427
Restricted cash	0	275,058
Short term investments	33,529	25,146
Other current assets	11,595	87,937
Assets related to discontinued operations	0	81,585
Total current assets	4,657,976	4,237,153
Other assets	0	900,000
Total Assets	4,657,976	5,137,153
Current liabilities:
Accounts payable	96,603	736
Accrued liabilities	59,417	104,180
Liabilities related to discontinued operations	0	2,961
Total current liabilities	156,020	107,877
Equity:
Convertible preferred stock	225	225
Common stock	56,073	56,101
Treasury stock, at cost	0	(125,606)
Additional paid in capital	43,465,335	43,584,771
Accumulated deficit	(38,983,561)	(38,441,716)
Accumulated other comprehensive loss (available for sale security)	(36,116)	(44,499)
Total stockholders' equity	4,501,956	5,029,276
Total liabilities and stockholders' equity	$ 4,657,976	$ 5,137,153