v2.4.0.6
Statements of Cash Flows (USD $)
12 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net loss $ (903,674) $ (408,991)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 17,201 11,501
Consulting expenses (stock)    31,250
Interest expense (stock) 29,652   
Beneficial conversion feature amortization 68,014 19,862
Debt discount amortization 3,636   
Change in operating assets and liabilities:    
Accounts receivable 91,938 (145,397)
Advances 10,178 (10,178)
Inventory (198) (3,036)
Prepaid expenses (9,585) (2,796)
Other assets (3,250) (688)
Accounts payable 175,762 30,818
Accrued expenses 9,230 48,071
Warranty liability (779) 5,811
Other payables 18,268 1,188
Loans payable to shareholders 232,344 252,000
Payments on loans payable to shareholders (38,554) (75,621)
Accrued interest (related parties) 10,110 2,658
Net cash used in operating activities (289,707) (243,548)
Cash flows from investing activities:    
Purchase of property and equipment (15,582) (38,684)
Net cash used in investing activities (15,582) (38,684)
Cash flows from financing activities:    
Payments on long-term debt (4,444) (3,577)
Proceeds from convertible notes payable 205,000 120,000
Issuance of common stock    250,000
Net cash flows provided by financing activities 200,556 366,423
Increase/(Decrease) in cash and cash equivalents (104,733) 84,191
Cash at beginning of period 111,741 27,550
Cash at end of period 7,008 111,741
Cash paid for:    
Interest 39,402 18,442
Interest (related parties) 12,412 13,687
Non-cash activities:    
Stock issued for loans and interest 60,000   
Stock issued for shareholder loans and interest 25,000   
Derivative liability and beneficial conversion features $ 105,086 $ 51,428