Quarterly report pursuant to Section 13 or 15(d)

Note 11 - Accounts Payable and Accrued Expenses

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Note 11 - Accounts Payable and Accrued Expenses
 9 Months Ended
Mar. 31, 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 March 31
   
As of June 30
 
   
2012
   
2011
 
             
 Accounts Payable
  $ 1,813,496     $ 1,348,453  
 Accrued Liabilities
    1,955,645       2,364,233  
 Accrued Payroll
    153,927       148,565  
 Accrued Payroll Taxes
    100,265       216,485  
 Interest Payable
    294,051       380,808  
 Deferred Revenues
    32,523       32,066  
 Taxes Payable
    274,969       239,417  
     Total
  $ 4,624,876     $ 4,730,027