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
 6 Months Ended
Dec. 31, 2011
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 December 31
   
As of June 30
 
   
2011
   
2011
 
             
 Accounts Payable
  $ 1,192,350     $ 1,348,453  
 Accrued Liabilities
    2,640,634       2,364,233  
 Accrued Payroll
    163,091       148,565  
 Accrued Payroll Taxes
    377,732       216,485  
 Interest Payable
    232,825       380,808  
 Deferred Revenues
    32,066       32,066  
 Taxes Payable
    297,101       239,417  
     Total
  $ 4,935,799     $ 4,730,027