10. INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2014

Income Tax Disclosure [Abstract]

Schedule of Income Tax (benefit) Provision

	As of
	June 30,		June 30,
	2014		2013
Current
Federal	$	-	$	-
State		-		-
Total Current		-		-
Deferred
Federal		-		-
State		-		-
Total Deferred		-		-
Income tax provision	$	-	$	-

Schedule of reconciliation of the Expected Income Tax benefit (provision)

	As of
	June 30,				June 30,
	2014				2013
Income tax benefit based on federal statutory rate		$	(1,123,000	)		$	(2,405,000	)
State income tax benefit, net of federal income tax			(444,000	)			(448,000	)
Change in deferred tax valuation allowance			1,567,000				2,778,000
Other, net			-				-
Income tax provision		$	-			$	-

Schedule of Deferred Tax Asset and Liabilities

	As of
	June 30,			June 30,
	2014			2013
Deferred tax assets:
Debt extinguishment	$	918,000		$	298,000
Impairment of fixed assets		604,000			447,000
Domestic net operating loss carryforwards		9.828,000			8,383,000
Total gross deferred tax assets		11,350,000			9,128,000
Less valuation allowance on deferred tax assets		(11,350,000	)		(9,128,000	)
Net deferred tax assets		-			-
Deferred tax liabilities:
Deferred costs		-			-
Total deferred tax liabilities		-			-
Net deferred taxes	$	-		$	-