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8. Subsequent Events
3 Months Ended
Sep. 30, 2012
Notes  
8. Subsequent Events

8. Subsequent Events

Convertible notes payable

During October 2012, we issued convertible notes to four unrelated, accredited third parties in exchange for $65,000 in cash.  The notes mature in 6 months from the date of issuance which maturity can be extended by an additional 30 days at the discretion of the Company.  The notes bear interest at a rate of 10.0% per annum and have a conversion rate of $1.25 per share.  We are still evaluating the accounting treatment of these notes.

Stock Options

                Subsequent to September 30, 2012, the Company awarded options for 200,000 common shares to Derrick Mains, our Vice President of Business Development and Operations.

Reverse Merger With Earth911

On October 17, 2012, the reverse merger with Earth911 was completed.  Amendments to the Articles of Incorporation, more fully disclosed in Note 1,  were completed and filed in Form 8-K dated October 23, 2012.

Also at the time of completion of the reverse merger with Earth911, severance agreements and a 2012 incentive plan were completed and filed with the Form 8-K dated October 23, 2012.  More detailed descriptions of these items can be found in the Form 8-K mentioned above.