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4. OTHER CURRENT ASSETS (Tables)

12 Months Ended

Jun. 30, 2012

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Other Current Assets

		2012				2011
Common stock issued for services		$	38,520			$	10,775,858
Prepaid insurance			-				2,093
Total Prepaids and Other Current Assets		$	38,520			$	10,777,951

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Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets.

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