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</LabelSeparator><Level>2</Level><ElementName>us-gaap_EarningsPerSharePolicyTextBlock</ElementName><ElementPrefix>us-gaap_</ElementPrefix><IsBaseElement>true</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="D130101_130630" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;!--egx--&gt;&lt;p style='margin:0in;margin-bottom:.0001pt'&gt;&lt;b&gt;&lt;i&gt;&lt;u&gt;Income/Loss per Common Share&lt;/u&gt;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt; &lt;p style='margin:0in;margin-bottom:.0001pt'&gt;&amp;nbsp;&lt;/p&gt; &lt;p style='margin:0in;margin-bottom:.0001pt'&gt;Income/Loss per share amounts are computed by dividing income or loss applicable to the common shareholders of the Company by the weighted-average number of common shares outstanding during each period. Diluted income or loss per share amounts are computed assuming the issuance of common stock for potentially dilutive common stock equivalents.&amp;nbsp;&amp;nbsp;The number of dilutive warrants and options is computed using the treasury stock method, whereby the dilutive effect is reduced by the number of treasury shares the Company could purchase with the proceeds from exercises of warrants and options.&amp;nbsp;&amp;nbsp;As of June 30, 2013 and 2012, all convertible instruments were anti-dilutive.&lt;/p&gt; &lt;p style='margin:0in;margin-bottom:.0001pt'&gt;&amp;nbsp;&lt;/p&gt; &lt;p style='margin:0in;margin-bottom:.0001pt'&gt;The following instruments are currently antidilutive and have been excluded from the calculations of diluted income or loss per share at June 30, 2013 and 2012, as follows:&lt;/p&gt; &lt;p style='margin:0in;margin-bottom:.0001pt'&gt;&amp;nbsp;&lt;/p&gt; &lt;div align="center"&gt; &lt;table border="0" cellspacing="0" cellpadding="0" width="90%" style='width:90.0%'&gt; &lt;tr align="left"&gt; &lt;td valign="bottom" style='padding:0in 0in 1.5pt 0in'&gt; &lt;p style='margin:0in;margin-bottom:.0001pt'&gt;&amp;nbsp; &lt;/p&gt; &lt;/td&gt; &lt;td colspan="2" valign="bottom" style='border:none;border-bottom:solid black 1.5pt;padding:0'&gt; &lt;p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'&gt;June 30,&lt;/p&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align="left"&gt; &lt;td valign="bottom" style='padding:0in 0in 1.5pt 0in'&gt; &lt;p style='margin:0in;margin-bottom:.0001pt'&gt;&amp;nbsp; &lt;/p&gt; &lt;/td&gt; &lt;td valign="bottom" style='border:none;border-bottom:solid black 1.5pt;padding:0'&gt; &lt;p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'&gt;2013&lt;/p&gt; &lt;/td&gt; &lt;td valign="bottom" style='border:none;border-bottom:solid black 1.5pt;padding:0'&gt; &lt;p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'&gt;2012&lt;/p&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align="left"&gt; &lt;td valign="bottom" style='padding:0'&gt; &lt;p style='margin:0in;margin-bottom:.0001pt'&gt;&amp;nbsp; &lt;/p&gt; &lt;/td&gt; &lt;td valign="bottom" style='padding:0'&gt; &lt;p style='margin:0in;margin-bottom:.0001pt'&gt;&amp;nbsp;&lt;/p&gt; &lt;/td&gt; &lt;td valign="bottom" style='padding:0'&gt; &lt;p style='margin:0in;margin-bottom:.0001pt'&gt;&amp;nbsp;&lt;/p&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align="left"&gt; &lt;td width="76%" valign="bottom" style='width:76.0%;background:#CCEEFF;padding:0'&gt; &lt;p style='margin:0in;margin-bottom:.0001pt'&gt;Convertible notes&lt;/p&gt; &lt;/td&gt; &lt;td width="9%" valign="bottom" style='width:9.0%;background:#CCEEFF;padding:0'&gt; &lt;p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'&gt;18,900,000&lt;/p&gt; &lt;/td&gt; &lt;td width="9%" valign="bottom" style='width:9.0%;background:#CCEEFF;padding:0'&gt; &lt;p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'&gt;18,900,000&lt;/p&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align="left"&gt; &lt;td width="76%" valign="bottom" style='width:76.0%;background:white;padding:0'&gt; &lt;p style='margin:0in;margin-bottom:.0001pt'&gt;Convertible preferred stock - Series B&lt;/p&gt; &lt;/td&gt; &lt;td width="9%" valign="bottom" style='width:9.0%;background:white;padding:0'&gt; &lt;p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'&gt;11,818,181&lt;/p&gt; &lt;/td&gt; &lt;td width="9%" valign="bottom" style='width:9.0%;background:white;padding:0'&gt; &lt;p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'&gt;11,818,181&lt;/p&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align="left"&gt; &lt;td width="76%" valign="bottom" style='width:76.0%;background:#CCEEFF;padding:0'&gt; &lt;p style='margin:0in;margin-bottom:.0001pt'&gt;Warrants&lt;/p&gt; &lt;/td&gt; &lt;td width="9%" valign="bottom" style='width:9.0%;background:#CCEEFF;padding:0'&gt; &lt;p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'&gt;24,585,662&lt;/p&gt; &lt;/td&gt; &lt;td width="9%" valign="bottom" style='width:9.0%;background:#CCEEFF;padding:0'&gt; &lt;p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'&gt;24,585,662&lt;/p&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align="left"&gt; &lt;td width="76%" valign="bottom" style='width:76.0%;background:white;padding:0in 0in 1.5pt 0in'&gt; &lt;p style='margin:0in;margin-bottom:.0001pt'&gt;Compensation-based stock options and warrants&lt;/p&gt; &lt;/td&gt; &lt;td width="9%" valign="bottom" style='width:9.0%;border:none;border-bottom:solid black 1.5pt;background:white;padding:0'&gt; &lt;p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'&gt;69,208,483&lt;/p&gt; &lt;/td&gt; &lt;td width="9%" valign="bottom" style='width:9.0%;border:none;border-bottom:solid black 1.5pt;background:white;padding:0'&gt; &lt;p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'&gt;74,481,483&lt;/p&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr align="left"&gt; &lt;td width="76%" valign="bottom" style='width:76.0%;background:#CCEEFF;padding:0in 0in 3.0pt 0in'&gt; &lt;p style='margin:0in;margin-bottom:.0001pt'&gt;&amp;nbsp; &lt;/p&gt; &lt;/td&gt; &lt;td width="9%" valign="bottom" style='width:9.0%;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'&gt; &lt;p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'&gt;124,512,326&lt;/p&gt; &lt;/td&gt; &lt;td width="9%" valign="bottom" style='width:9.0%;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'&gt; &lt;p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'&gt;129,785,326&lt;/p&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;p style='margin:0in;margin-bottom:.0001pt'&gt;&amp;nbsp;&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. 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