Statements of Cash Flows (USD $)	9 Months Ended	41 Months Ended
Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (5,899,240)	$ (2,385,729)	$ (14,115,732)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	1,151,370	200,734	1,487,488
Changes in operating assets and liabilities:
Decrease (increase) in prepaid expenses	73,369	4,944	(64,660)
Increase in accounts payable and other accrued liabilities	(980,292)	(166,955)	821,372
Net cash used in operating activities	(5,654,793)	(2,347,006)	(11,871,532)
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of other assets	0	(150,000)	(225,000)
Acquisition of properties	(200,000)	0	(1,208,886)
Net cash used in investing activities	(200,000)	(150,000)	(1,433,886)
CASH FLOWS FROM FINANCING ACTIVITIES:
Shareholders’ contributions	0	0	6,784,272
Common stock issuance, net	14,033,915	8,431,618	22,465,533
Short-term borrowings	0	500,000	500,000
Repayment of short-term borrowings	0	(500,000)	(500,000)
Net cash provided by financing activities	14,033,915	8,431,618	29,249,805
NET INCREASE IN CASH AND CASH EQUIVALENTS	8,179,122	5,934,612	15,944,387
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	7,765,265	2,395,100	0
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 15,944,387	$ 8,329,712	$ 15,944,387

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Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.