5. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES	6 Months Ended
Dec. 31, 2011
Related Party Transactions Disclosure [Text Block]	5. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES Officer-directors and other related parties have acquired 88 % of the outstanding common capital stock and have made contributions to capital of $ 3,698. The Company has a $30,000, 6%, demand note payable dated August 25, 2006 due a principal shareholder which has conversion rights at $.40 per share (post split 1 for 40) at the discretion of the note holder. No value has been recognized for the conversion rights. The Company also has a standby revolving line of credit of $50,000 with the same principal shareholder, Lane Clissold. The line of credit is convertible to common stock at $0.40 per share (post split 1 for 40) at the option of the principal shareholder. The interest rate is 10% per annum on the outstanding balance. The Company has borrowed $50,000 under this line of credit as of December 31, 2011. No value has been recognized for the conversion rights. The due date for the unsecured revolving line of credit is December 31, 2011. On January 2, 2012 the Company received an additional $5,000 from Lane Clissold under the same terms of the existing revolving line of credit and extended the due date until December 31, 2012. On January 12, 2012 the Board of Directors approved the issuance of 212,500 restricted shares (post split 1 for 40) to Lane Clissold for promissory notes valued at $.40 per share for a total of $85,000. The Company also issued a check to Mr. Clissold in the amount of $6,000 for any accrued interest and Mr. Clissold waived the remaining accrued interest of $ 14,309. 5. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES (continued) On November 15, 2011 the Company engaged the services of Alewine Limited Liability Company to assist the Company in its marketing of its technology and related corporate filings. A total cash fee of $5000 was paid during the months of November and December 2011. Alewine Limited Liability Company is a Nevada limited liability company managed by Mr. Norman, our Vice-President, through which he conducts his consulting business in the area of corporate finance. On January 24, 2012 Mr. Norman submitted his resignation as an officer and director to the Company. The Company on February 6, 2012 renewed the services of Alewine and paid a cash fee of $1500 to assist in the preparation of its 10Q filing for December 31, 2011

5. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES

6 Months Ended

Dec. 31, 2011

5. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES

Officer-directors and other related parties have acquired 88 % of the outstanding common capital stock and have made contributions to capital of $ 3,698. The Company has a $30,000, 6%, demand note payable dated August 25, 2006 due a principal shareholder which has conversion rights at $.40 per share (post split 1 for 40) at the discretion of the note holder. No value has been recognized for the conversion rights.

The Company also has a standby revolving line of credit of $50,000 with the same principal shareholder, Lane Clissold. The line of credit is convertible to common stock at $0.40 per share (post split 1 for 40) at the option of the principal shareholder. The interest rate is 10% per annum on the outstanding balance. The Company has borrowed $50,000 under this line of credit as of December 31, 2011. No value has been recognized for the conversion rights. The due date for the unsecured revolving line of credit is December 31, 2011. On January 2, 2012 the Company received an additional $5,000 from Lane Clissold under the same terms of the existing revolving line of credit and extended the due date until December 31, 2012.

On January 12, 2012 the Board of Directors approved the issuance of 212,500 restricted shares (post split 1 for 40) to Lane Clissold for promissory notes valued at $.40 per share for a total of $85,000. The Company also issued a check to Mr. Clissold in the amount of $6,000 for any accrued interest and Mr. Clissold waived the remaining accrued interest of $ 14,309.

5. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES (continued)

On November 15, 2011 the Company engaged the services of Alewine Limited Liability Company to assist the Company in its marketing of its technology and related corporate filings. A total cash fee of $5000 was paid during the months of November and December 2011. Alewine Limited Liability Company is a Nevada limited liability company managed by Mr. Norman, our Vice-President, through which he conducts his consulting business in the area of corporate finance. On January 24, 2012 Mr. Norman submitted his resignation as an officer and director to the Company. The Company on February 6, 2012 renewed the services of Alewine and paid a cash fee of $1500 to assist in the preparation of its 10Q filing for December 31, 2011

- Definition

The entire disclosure for related party transactions, including the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

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+ Details