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COMMON STOCK	3 Months Ended
Sep. 30, 2011
Notes to Financial Statements
COMMON STOCK	The Company has authorized 100,000,000 shares of $0.001 par value per share Common Stock, of which 32,798,436 were issued outstanding as of September 30, 2011. The activity surrounding the issuances of the Common Stock is as follows: For the Three Months Ended September 30, 2011 The Company issued 635,335 shares of Common Stock for net cash proceeds of $371,664. The Company paid $41,266 in cash offering costs. Offering costs have been recorded as reductions to additional paid-in capital from Common Stock proceeds. The Company issued 400,103 shares of Common Stock valued at $239,582 to non-employees in advance of services. The shares of Common Stock were valued based on the quoted market price on the date of issuance. The Company also issued 386,238 shares of Common Stock to convert $100,000 in convertible notes payable and $104,085 in accrued liabilities. The difference between the fair market value of the stock on the date of conversion of the accrued liabilities of $103,772 resulted in a gain on conversion of these liabilities of $313. An additional 136,000 shares of Common Stock were issued to convert 66,000 shares of Preferred Stock and accrued dividends of $2,296. As share-based compensation to employees and non-employees, the Company issued 259,234 shares of Common Stock valued at $171,667, based on the market price of the Common Stock on the date of issuance. As interest expense on outstanding notes payable, the Company issued 65,344 shares of Common Stock valued at $43,770 based on the market price on the date of issuance.

COMMON STOCK

3 Months Ended

Sep. 30, 2011

The Company has authorized 100,000,000 shares of $0.001 par value per share Common Stock, of which 32,798,436 were issued outstanding as of September 30, 2011. The activity surrounding the issuances of the Common Stock is as follows:

For the Three Months Ended September 30, 2011

The Company issued 635,335 shares of Common Stock for net cash proceeds of $371,664. The Company paid $41,266 in cash offering costs. Offering costs have been recorded as reductions to additional paid-in capital from Common Stock proceeds.

The Company issued 400,103 shares of Common Stock valued at $239,582 to non-employees in advance of services. The shares of Common Stock were valued based on the quoted market price on the date of issuance. The Company also issued 386,238 shares of Common Stock to convert $100,000 in convertible notes payable and $104,085 in accrued liabilities. The difference between the fair market value of the stock on the date of conversion of the accrued liabilities of $103,772 resulted in a gain on conversion of these liabilities of $313. An additional 136,000 shares of Common Stock were issued to convert 66,000 shares of Preferred Stock and accrued dividends of $2,296.

As share-based compensation to employees and non-employees, the Company issued 259,234 shares of Common Stock valued at $171,667, based on the market price of the Common Stock on the date of issuance. As interest expense on outstanding notes payable, the Company issued 65,344 shares of Common Stock valued at $43,770 based on the market price on the date of issuance.

- Definition

This element may be used to capture the complete disclosure pertaining to an entity's common stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation.

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