v2.4.0.8

Stock Compensation Expense and Fair Value Measurement (Tables)

12 Months Ended

Jun. 30, 2013

Stock Compensation Expense and Fair Value Measurement [Abstract]

Summary of relevant inputs used to determine the value of the stock option grants

		July 12, 2012				August 15, 2012				November 21, 2012				March 28, 2013				April 8, 2013				June 28, 2013
Number of options outstanding			3,600,000				1,400,000				500,000				500,000				500,000				50,000
Weighted average risk-free rate			0.83	%			0.83	%			0.95	%			1.005	%			1.685	%			1.685	%
Expected life in years			3.5				6.0				6.0				6.0				6.0				6.0
Expected volatility			70	%			70	%			60	%			55	%			55	%			55	%
Expected dividends			0	%			0	%			0	%			0	%			0	%			0	%

Summary of stock option activities

		Options				Weighted Average Exercise Price				Weighted Average Contractual Term				Aggregate Intrinsic Value
Outstanding June 30, 2012			-			-				-				-
Granted			6,550,000			$	0.23			7.3				$	0
Exercised			-
Forfeited			-
Outstanding June 30, 2013			6,550,000			$	0.23				7.3			$	1,150,000
Exercisable at year-end			-			$	0				0			$	0

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- Definition

Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (k)

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- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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