Annual report pursuant to Section 13 and 15(d)

PREPAID EXPENSES

v2.4.0.6
PREPAID EXPENSES
 12 Months Ended
Jun. 30, 2012
Prepaid Expenses Disclosure [Text Block]

NOTE C – PREPAID EXPENSES


Prepaid expenses consist of the following:


 

 

 

 

 

 

 

 

 

 

As of June 30,

 

 

 

 

 

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

 

 

 

Technology Transfer Agreement (“TTA”) - related party

 

$

666,666

 

$

759,833

 

Other

 

 

17,769

 

 

14,313

 

 

 

 

 

Total

 

$ 

684,435

 

$ 

774,146