5. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

12 Months Ended

Jun. 30, 2012

Payables and Accruals [Abstract]

5. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

A summary of accounts payable and accrued expenses as of June 30, 2012 and 2011 follows:

	2012		2011
Accounts Payable	$	763,354	$	718,557
Accrued Interest		18,625		10,305
Deferred Revenue		3,500		5,700
Deferred Rent		-		7,571
Other Accrued Expenses		376,510		300,831
Total	$	1,161,989	$	1,042,964

 Other accrued expenses consist primarily of accrued payroll liabilities, consulting fees payable and other fees payable.