v2.4.0.6

CONSOLIDATED BALANCE SHEETS [Parenthetical] (USD $) |  |  | 12 Months Ended |  |
--- | --- | --- | --- | --- | ---
Jun. 30, 2012 | Jun. 30, 2011 | Jun. 30, 2012 Series E Convertible Preferred Stock [Member] | Jun. 30, 2011 Series E Convertible Preferred Stock [Member] | Jun. 30, 2012 Variable Interest Entity, Primary Beneficiary [Member] | Jun. 30, 2011 Variable Interest Entity, Primary Beneficiary [Member]
Cash held by variable interest entity (in dollars) | $ 16,404 | $ 50,598 |  |  | $ 8,916 | $ 23,184
Accounts receivable | 40,942 | 219,494 |  |  | 0 | 155,376
Allowance for doubtful accounts receivable (in dollars) | 0 | 9,000 |  |  | 0 | 0
Prepaid expenses and other current assets of the variable interest entity (in dollars) | 2,000 | 28,337 |  |  | 2,000 | 16,053
Accumulated depreciation on Property and Equipment (in dollars) | 5,673 | 1,249 |  |  |  |
Accumulated amortization of customer contracts (in dollars) |  | 58,332 |  |  |  |
Accounts payable of the variable interest entity (in dollars) | 1,271,890 | 1,094,666 |  |  | 158,313 | 185,644
Accrued expense and other current liabilities of the variable interest entity (in dollars) | 216,544 | 185,758 |  |  | 30,848 | 65,958
Notes payable - current, net of discounts (in dollars) | 1,810 |  |  |  |  |
Notes payable - long-term, net of discounts (in dollars) | 31,835 |  |  |  |  |
Preferred stock, dividend rate (in percentage) |  |  | 5.00% | 5.00% |  |
Preferred stock, par value (in dollars per share) |  |  | $ 1,000 | $ 1,000 |  |
Preferred stock, shares issued |  |  | 200 | 300 |  |
Preferred stock, shares outstanding |  |  | 200 | 300 |  |
Preferred stock, liquidation value (in dollars) |  |  | $ 216,871 | $ 303,511 |  |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |  |  |  |
Common stock, shares authorized | 495,000,000 | 495,000,000 |  |  |  |
Common stock, shares issued | 123,578,320 | 120,279,296 |  |  |  |
Common stock, shares outstanding | 123,578,320 | 120,279,296 |  |  |  |

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- Definition The amount due for services rendered or products shipped, but not yet billed, recognized in conformity with revenue recognition criteria. This element is distinct from accounts receivables because this is based on noncontract transactions. + References No definition available. + Details
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- Definition Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Also includes, aggregate carrying amount, as of the balance sheet date, of current obligations not separately disclosed in the balance sheet due to materiality considerations. Current liabilities are expected to be paid within one year (or the normal operating cycle, if longer). + References No definition available. + Details
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