Quarterly report pursuant to Section 13 or 15(d)

Note 20 - Subsequent Events

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Note 20 - Subsequent Events
6 Months Ended
Dec. 31, 2011
Subsequent Events [Text Block]
NOTE 20 - SUBSEQUENT EVENTS

Independent board members were issued 40,000 shares of common stock against compensation for which expense was recorded in December, 2011.

Officers of the company were issued 25,000 shares of common stock against compensation for which expense was recorded in December, 2011.

Employees of the company were issued 12,500 shares of common stock against compensation for which expense was recorded in December, 2011.

One of the employee of the company exercised options to acquire 200,000 shares of common stock valued at $100,000.