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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Dec. 31, 2012
Accounting Policies [Abstract]  
Future License Acquisition cost Amortization Expense

Estimated future license acquisition cost amortization expense is as follows:

 

As of
December 31,
     
2013   $ 4,860  
2014     5,632  
2015     5,632  
2016     3,217  
    $ 19,341  
Consists of Potential Common Shares

Such potential common shares consist of the following:

 

  Three months ended December 31, 2012 
Warrants  40,859,674 
Stock options  5,500,000 
Convertible Debt  8,000,000 
   54,359,674