5. RELATED PARTY TRANSACTIONS	3 Months Ended
Sep. 30, 2015
Related Party Transactions [Abstract]
5. RELATED PARTY TRANSACTIONS	At September 30, 2015, due to related parties totaled $1,243,867. This primarily consisted of $31,000 due to GHL Group, Ltd., whose President, Gregory H. Laborde is a Director, under their consulting services agreement, $231,500 accrued for directors’ fees for services of non-executive directors, $159,300 due to Netbloo Media, Ltd. under its contractor agreement, $40,700 due to Marillion Partnership under its contractor agreement and $781,500 due to Theodore A. Greenberg, CFO and director, for compensation. On July 30, 2015, the Company divested a portfolio of Internet marketing assets (“IM Sale”), including Market Pro Max, in two separate transaction with Marillion Partnership and Netbloo Media, Ltd. in exchange for return of a total of 16,743,681 shares of the Company’s common stock to the Company, see note 3 for further details on the divestiture.

5. RELATED PARTY TRANSACTIONS

3 Months Ended

Sep. 30, 2015

At September 30, 2015, due to related parties totaled $1,243,867. This primarily consisted of $31,000 due to GHL Group, Ltd., whose President, Gregory H. Laborde is a Director, under their consulting services agreement, $231,500 accrued for directors’ fees for services of non-executive directors, $159,300 due to Netbloo Media, Ltd. under its contractor agreement, $40,700 due to Marillion Partnership under its contractor agreement and $781,500 due to Theodore A. Greenberg, CFO and director, for compensation.

On July 30, 2015, the Company divested a portfolio of Internet marketing assets (“IM Sale”), including Market Pro Max, in two separate transaction with Marillion Partnership and Netbloo Media, Ltd. in exchange for return of a total of 16,743,681 shares of the Company’s common stock to the Company, see note 3 for further details on the divestiture.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details