v2.4.0.6

SUBSEQUENT EVENTS	9 Months Ended
	Mar. 31, 2012
Notes to Financial Statements
SUBSEQUENT EVENTS	NOTE 14. SUBSEQUENT EVENTS On April 8, 2012, the Company issued a convertible promissory note in the amount of $25,000, bearing interest at a rate of 20% per annum. The note is secured by the Company’s Accounts Receivable, and matures on December 1, 2012. The entire principal and accrued interest on the note are convertible into common stock of the Company at a 30% discount to the market price, at the point of conversion. In April and May of 2012, the Company issued 2,727,273 shares of common stock in partial satisfaction of the balance outstanding under the convertible note payable, originated in January of 2011, in the amount of $40,000.

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The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.

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