Quarterly report pursuant to Section 13 or 15(d)

Note 11 - Accounts Payable and Accrued Expenses

v2.4.0.6
Note 11 - Accounts Payable and Accrued Expenses
 3 Months Ended
Sep. 30, 2012
Accounts Payable and Accrued Liabilities Disclosure [Text Block]
NOTE 11 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consisted of the following:

   
As of September 30
2012
   
As of June 30
2012
 
             
 Accounts Payable
  $ 1,393,336     $ 1,278,452  
 Accrued Liabilities
    2,049,595       1,778,414  
 Accrued Payroll
    84,747       17,097  
 Accrued Payroll Taxes
    239,759       158,626  
 Interest Payable
    123,356       326,746  
 Deferred Revenues
    32,417       32,463  
 Taxes Payable
    319,449       277,557  
     Total
  $ 4,242,659     $ 3,869,355