5. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

12 Months Ended

Jun. 30, 2015

Payables and Accruals [Abstract]

5. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

A summary of accounts payable and accrued expenses as of June 30, 2015 and 2014 follows:

	2015		2014
Accounts Payable	$	344,451	$	951,563
Accrued Interest		93,762		74,483
Deferred Revenue		2,500		3,500
Consulting Services-Related Party		82,267		278,568
Total	$	522,980	$	1,308,113

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