Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Stockholders' Equity (Deficit)

v2.4.0.6
Consolidated Statements of Stockholders' Equity (Deficit) (USD $)
Total
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Beginning Balance at Jun. 30, 2010 [1] $ 220,000 $ 34,000 $ 816,000 $ (630,000)
Beginning Balance (in shares) at Jun. 30, 2010 [1]   33,979,000    
Net loss (1,313,000)     (1,313,000)
Share-based compensation 58,000   58,000  
Ending Balance at Jun. 30, 2011 [1] (1,035,000) 34,000 874,000 (1,943,000)
Beginning Balance (in shares) at Jun. 30, 2011 [1]   33,979,000    
Issuance of common stock - notes payable debt conversion (in shares)   3,735,000    
Issuance of common stock - notes payable debt conversion 1,264,000 4,000 1,260,000  
Net loss (2,385,000)     (2,385,000)
Issuance of common stock - Private Placement transactions, net (in shares)   2,813,000    
Issuance of common stock - Private Placement transactions, net 1,126,000 3,000 1,123,000  
Reclassification of Warrant as a -derivative liability (1,159,000)   (1,159,000)  
Recapitalization of Common stock - Reverse Acquisition transactions (in shares)   3,544,000    
Recapitalization of Common stock - Reverse Acquisition transactions   3,000 (3,000)  
Share-based compensation 45,000   45,000  
Ending Balance at Jun. 30, 2012 $ (2,144,000) $ 44,000 $ 2,140,000 $ (4,328,000)
Ending Balance (in shares) at Jun. 30, 2012   44,071,000    
[1] Shares outstanding have been adjusted to reflect the effect of the June 14, 2012 Reverse Acquisition, see Note 1.