Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Jun. 30, 2012
Fair Value Measurements

Our fair value measurements at the reporting date were as follows:

 

At June 30, 2012:

 

  Quoted Prices in
Active Markets
for Identical
Assets
    Significant Other
Observable Inputs
    Significant 
Unobservable
Inputs
 
  (Level 1)     (Level 2)     (Level 3)  
Description              
                   
Derivative Liabilities $ -     $ -     $ 4,943,000  
                   
Total Liabilities $ -     $ -     $ 4,943,000