8. COMMON STOCK	12 Months Ended
Jun. 30, 2012
Text Block [Abstract]
8. COMMON STOCK	The Company has authorized 100,000,000 shares of $0.001 par value per share Common Stock, of which 36,412,601 and 30,916,182 were issued outstanding as of June 30, 2012 and 2011, respectively. The activity surrounding the issuances of the Common Stock is as follows: Fiscal Year Ended June 30, 2012 The Company issued 918,220 shares of Common Stock for net cash proceeds of $436,869. The Company paid $45,091 in cash offering costs. Offering costs have been recorded as reductions to additional paid-in capital from Common Stock proceeds. The Company issued 775,103 shares of Common Stock valued at $413,582 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 505,856 shares of Common Stock to convert $100,000 in convertible notes payable and $169,287 in accrued liabilities. The difference between the fair market value of the stock on the date of conversion of the accrued liabilities resulted in a gain on conversion of these liabilities of $191. An additional 877,550 shares of Common Stock were issued to convert 416,000 shares of Convertible Preferred Stock and accrued dividends of $23,072. As share-based compensation to employees and non-employees, the Company issued 1,642,078 shares of Common Stock valued at $733,945, based on the market price of the stock on the date of issuance. As interest expense on outstanding notes payable, the Company issued 770,232 shares of Common Stock valued at $300,599 based on the market price on the date of issuance. Fiscal Year Ended June 30, 2011 The Company issued 1,847,501 shares of Common Stock for net cash proceeds of $1,001,912 and 351,983 shares of Common Stock for exercised warrants and options for total cash proceeds of $129,567. The Company paid $45,091 in cash offering costs. Offering costs have been recorded as reductions to additional paid-in capital from Common Stock proceeds. The Company issued 625,103 shares of Common Stock valued at $1,228,273 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 1,232,452 shares of Common Stock to convert $864,471 in convertible notes payable and other accrued liabilities. The difference between the fair market value of the stock on the date of conversion of the accrued liabilities resulted in a loss on conversion of these liabilities of $888,900. An additional 206,099 shares of Common Stock were issued to convert 100,000 shares of Convertible Preferred Stock and accrued dividends of $5,370. As share-based compensation to employees and non-employees, the Company issued 1,332,182 shares of Common Stock valued at $1,616,999, based on the market price of the stock on the date of issuance. NOTE 9 – STOCK PURCHASE OPTIONS AND WARRANTS The Board of Directors on June 10, 2009 approved the 2009 Long-Term Stock Incentive Plan. The purpose of the 2009 Long-term Stock Incentive Plan is to advance the interests of the Company by encouraging and enabling acquisition of a financial interest in the Company by employees and other key individuals. The 2009 Long-Term Stock Incentive Plan is intended to aid the Company in attracting and retaining key employees, to stimulate the efforts of such individuals and to strengthen their desire to remain with the Company. A maximum of 1,500,000 shares of the Company's Common Stock is reserved for issuance under stock options to be issued under the 2009 Long-Term Stock Incentive Plan. The Plan permits the grant of incentive stock options, nonstatutory stock options and restricted stock awards. The 2009 Long-Term Stock Incentive Plan is administered by the Board of Directors or, at its direction, a Compensation Committee comprised of officers of the Company. Stock Purchase Options During the fiscal year ended June 30, 2012, the Company did not issue any stock purchase options. The Company did recognize $11,707 in employee stock option expense during the fiscal year ended June 30, 2012 for options vested during the period that were issued in prior periods.

8. COMMON STOCK

12 Months Ended

Jun. 30, 2012

The Company has authorized 100,000,000 shares of $0.001 par value per share Common Stock, of which 36,412,601 and 30,916,182 were issued outstanding as of June 30, 2012 and 2011, respectively. The activity surrounding the issuances of the Common Stock is as follows:

Fiscal Year Ended June 30, 2012

The Company issued 918,220 shares of Common Stock for net cash proceeds of $436,869. The Company paid $45,091 in cash offering costs. Offering costs have been recorded as reductions to additional paid-in capital from Common Stock proceeds.

The Company issued 775,103 shares of Common Stock valued at $413,582 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 505,856 shares of Common Stock to convert $100,000 in convertible notes payable and $169,287 in accrued liabilities. The difference between the fair market value of the stock on the date of conversion of the accrued liabilities resulted in a gain on conversion of these liabilities of $191. An additional 877,550 shares of Common Stock were issued to convert 416,000 shares of Convertible Preferred Stock and accrued dividends of $23,072.

As share-based compensation to employees and non-employees, the Company issued 1,642,078 shares of Common Stock valued at $733,945, based on the market price of the stock on the date of issuance. As interest expense on outstanding notes payable, the Company issued 770,232 shares of Common Stock valued at $300,599 based on the market price on the date of issuance.

Fiscal Year Ended June 30, 2011

The Company issued 1,847,501 shares of Common Stock for net cash proceeds of $1,001,912 and 351,983 shares of Common Stock for exercised warrants and options for total cash proceeds of $129,567. The Company paid $45,091 in cash offering costs. Offering costs have been recorded as reductions to additional paid-in capital from Common Stock proceeds.

The Company issued 625,103 shares of Common Stock valued at $1,228,273 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 1,232,452 shares of Common Stock to convert $864,471 in convertible notes payable and other accrued liabilities. The difference between the fair market value of the stock on the date of conversion of the accrued liabilities resulted in a loss on conversion of these liabilities of $888,900. An additional 206,099 shares of Common Stock were issued to convert 100,000 shares of Convertible Preferred Stock and accrued dividends of $5,370.

As share-based compensation to employees and non-employees, the Company issued 1,332,182 shares of Common Stock valued at $1,616,999, based on the market price of the stock on the date of issuance.

NOTE 9 – STOCK PURCHASE OPTIONS AND WARRANTS

The Board of Directors on June 10, 2009 approved the 2009 Long-Term Stock Incentive Plan. The purpose of the 2009 Long-term Stock Incentive Plan is to advance the interests of the Company by encouraging and enabling acquisition of a financial interest in the Company by employees and other key individuals. The 2009 Long-Term Stock Incentive Plan is intended to aid the Company in attracting and retaining key employees, to stimulate the efforts of such individuals and to strengthen their desire to remain with the Company. A maximum of 1,500,000 shares of the Company's Common Stock is reserved for issuance under stock options to be issued under the 2009 Long-Term Stock Incentive Plan. The Plan permits the grant of incentive stock options, nonstatutory stock options and restricted stock awards. The 2009 Long-Term Stock Incentive Plan is administered by the Board of Directors or, at its direction, a Compensation Committee comprised of officers of the Company.

Stock Purchase Options

During the fiscal year ended June 30, 2012, the Company did not issue any stock purchase options. The Company did recognize $11,707 in employee stock option expense during the fiscal year ended June 30, 2012 for options vested during the period that were issued in prior periods.

- Definition

Disclosure of accounting policy for its capital stock transactions, including dividends and accumulated other comprehensive income.

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