12. NON-CASH FINANCING ACTIVITIES

12 Months Ended

Jun. 30, 2014

Supplemental Cash Flow Elements [Abstract]

12. NON-CASH FINANCING ACTIVITIES

Common Stock Issued to Extinguish Debt and Liabilities

The Company issued 1,271,534 and 425,168 shares of Common Stock for conversion notes payable for the years ended June 30, 2014 and 2013 totaling $127,153 and $85,179, respectively.

Common Stock and Warrants Issued for Prepaid Services

The Company recorded prepaid services for the years ended June 30, 2014 and 2013 totaling $-0- and $37,840, respectively.

Warrants, Stock, and Beneficial Conversion Feature on Issuance of Convertible Debt

The Company recorded $46,283 for beneficial conversion features in connection with the issuance of convertible debt for the year ended June 30, 2014. The Company recorded $1,852,579 for beneficial conversion features in connection with the issuance of convertible debt for the year ended June 30, 2013.

Common Stock Issued as Dividend on Preferred Stock

The Company issued -0- shares of Common Stock as dividends related to the Company’s preferred shares for the years ended June 30, 2014 and 2013, respectively.