Quarterly report pursuant to sections 13 or 15(d)

BALANCE SHEETS (Unaudited)

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BALANCE SHEETS (Unaudited) (USD $)
Mar. 31, 2013
Jun. 30, 2012
Current assets:    
Cash and cash equivalents $ 151,833 $ 80,502
Accounts receivable 275,291 105,123
Total current assets 427,124 185,625
Property and equipment, net 3,485 1,084
Other assets:    
Prepaid expenses 25,616 8,472
Intangible asset, net 399,026 416,669
Total other assets 424,642 425,141
Total assets 855,251 611,850
Current liabilities:    
Accounts payable 324,611 714,110
Unearned revenue 1,341,110 100,957
Accrued expenses 99,412 188,275
Current maturity of note payable - related party 81,707 102,025
Current maturity of note payable - related party 6,166,181 5,913,737
Current maturity of note payable - related party 1,306,072 1,242,834
Total current liabilities 9,319,093 8,261,938
License payable 160,000 160,000
Long-term liability - convertible note payable 0 0
Long-term liability - convertible note payable 259,973 254,986
Total liabilities 9,739,066 8,676,924
Stockholders' deficit:    
Common stock, $0.0001 par value; 100,000,000 authorized shares; 37,346,154 shares issued and outstanding at March 31, 2013 and June 30, 2012 3,735 3,735
Additional paid-in capital 15,448,353 15,448,353
Outstanding stock options 3,865,978 4,131,709
Accumulated deficit (28,201,881) (27,648,871)
Total stockholders' deficit (8,883,815) (8,065,074)
Total liabilities and stockholders' deficit $ 855,251 $ 611,850