XML 25 R12.htm IDEA: XBRL DOCUMENT

DEFERRED OFFERING COSTS – ADDITIONAL PAID IN CAPITAL	6 Months Ended
Dec. 31, 2012
Notes to Financial Statements
DEFERRED OFFERING COSTS – ADDITIONAL PAID IN CAPITAL	NOTE 7 – DEFERRED OFFERING COSTS – ADDITIONAL PAID IN CAPITAL Deferred offering costs consist principally of accounting, legal and other fees incurred through the close of the common stock offering (August 1, 2012) that are directly related to the offering. Deferred offering costs were offset against the net proceeds received from our common stock offering. On August 1, 2012, deferred offering costs of $60,439 were offset against additional paid in capital. On or about December 24, 2012 an adjustment was made to additional paid in capital of $14,000, reflecting the final payment to our former legal counsel and a credit received from our current legal counsel which affected deferred offering costs. Accrued expenses include deferred offering costs outstanding of $19,500 as of December 31, 2012.

DEFERRED OFFERING COSTS – ADDITIONAL PAID IN CAPITAL

6 Months Ended

Dec. 31, 2012

DEFERRED OFFERING COSTS – ADDITIONAL PAID IN CAPITAL

NOTE 7 – DEFERRED OFFERING COSTS – ADDITIONAL PAID IN CAPITAL

Deferred offering costs consist principally of accounting, legal and other fees incurred through the close of the common stock offering (August 1, 2012) that are directly related to the offering. Deferred offering costs were offset against the net proceeds received from our common stock offering. On August 1, 2012, deferred offering costs of $60,439 were offset against additional paid in capital. On or about December 24, 2012 an adjustment was made to additional paid in capital of $14,000, reflecting the final payment to our former legal counsel and a credit received from our current legal counsel which affected deferred offering costs. Accrued expenses include deferred offering costs outstanding of $19,500 as of December 31, 2012.