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RELATED PARTY
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3 Months Ended |
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Sep. 30, 2012
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| Related Party Transactions Disclosure [Text Block] |
NOTE E – RELATED PARTY The Company entered into an agreement in January 2012, with a vendor, whose minority stockholder is the President of the Company. The vendor performs laboratory feasibility analyses of gene expression and protein purification and also preparation of research samples. The expense for the three months ended September 30, 2012 and 2011 approximated $95,000 and $0, respectively. Included in accounts payable at September 30, 2012 and June 30, 2012, was approximately $95,000 and $64,000, respectively. |
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- Definition
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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