v2.4.0.6
Note 6 Convertible Debentures (Details) (USD $)
3 Months Ended
Sep. 30, 2012
Mammoth Debenture $ 108,788
Conversion Rate of Mammoth Debenture 100.00%
Original Conversion Rate 50.00%
Present Value of Mammoth Debenture Conversion Feature Plus Face Value 560,108
Face Value of Mammoth Debenture 280,054
Conversions During the Period 40,000
Mammoth Debenture Amended and Restated 160,565
Series D Shares Issued in Connection with Restructuring of Convertible Debentures 484,615
Series D Shares Cancelled by MIF 124,615
Fixed Amount of Common Shares Issued Upon Completion of Planned Merger 128,113
Series D Shares Issued Upon Completion of Planned Merger 300,000
Price Per Share of Series D Shares on a Post Merger Basis 1.25
Long Side Ventures Debenture 32,500
Present Value of LSV Debenture Conversion Feature Plus Face Value 31,654
Face Value of LSV Debenture 15,827
Reduction in Conversion Liability Resulting From Conversion 10,760
Carrying Value of LSV Debentures 10,134
Principal Portion of LSV Debentures 5,067
Interest Expense $ 600