Quarterly report pursuant to Section 13 or 15(d)

Note 12 - Accounts Payable and Accrued Expenses

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Note 12 - Accounts Payable and Accrued Expenses
 6 Months Ended
Dec. 31, 2012
Accounts Payable and Accrued Liabilities Disclosure [Text Block]
NOTE 12 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consisted of the following:

   
As of December 31
   
As of June 30
 
   
2012
   
2012
 
             
 Accounts Payable
  $ 1,169,826     $ 1,278,452  
 Accrued Liabilities
    1,955,110       1,778,414  
 Accrued Payroll
    89,056       17,097  
 Accrued Payroll Taxes
    310,031       158,626  
 Interest Payable
    156,129       326,746  
 Deferred Revenues
    303       32,463  
 Taxes Payable
    354,132       277,557  
     Total
  $ 4,034,587     $ 3,869,355