10. INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2012

Income Tax Disclosure [Abstract]

Schedule of Income Tax (benefit) Provision

	As of
	June 30,		June 30,
	2012		2011
Current
Federal	$	-	$	-
State		-		-
Total Current		-		-
Deferred
Federal		-		-
State		-		-
Total Deferred		-		-
Income tax provision	$	-	$	-

Schedule of Expected Income Tax benefit (provision)

	As of
	June 30,				June 30,
	2012				2011
Income tax benefit based on federal statutory rate		$	(2,381,000	)		$	(3,095,000	)
State income tax benefit, net of federal income tax			(169,000	)			(183,000	)
Change in deferred tax valuation allowance			2,550,000				2,071,000
Other, net			-				1,207,000
Income tax provision		$	-			$	-

Schedule of Deferred Tax Asset and Liabilities

	As of
	June 30,			June 30,
	2012			2011
Deferred tax assets:
Debt extinguishment	$	298,000		$	298,000
Impairment of fixed assets		447,000			-
Domestic net operating loss carryforwards		7,239,000			5,793,000
Total gross deferred tax assets		7,984,000			6,091,000
Less valuation allowance on deferred tax assets		(7,984,000	)		(6,091,000	)
Net deferred tax assets		-			-
Deferred tax liabilities:
Deferred costs		-			-
Total deferred tax liabilities		-			-
Net deferred taxes	$	-		$	-