Annual report pursuant to section 13 and 15(d)

BALANCE SHEETS

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BALANCE SHEETS (USD $)
Jun. 30, 2013
Jun. 30, 2012
Current assets:    
Cash and cash equivalents $ 49,677 $ 80,502
Accounts receivable 249,583 105,123
Total current assets 299,260 185,625
Property and equipment, net 3,182 1,084
Other assets:    
Prepaid expenses 37,943 8,472
Intangible asset, net 382,858 416,669
Total other assets 420,801 425,141
Total assets 723,243 611,850
Current liabilities:    
Accounts payable 501,924 714,110
Unearned revenue - current 121,375 100,957
Accrued expenses 61,356 188,275
Current maturity of note payable - related party 77,931 102,025
Current maturity of convertible note payable -related party 1,327,078 1,242,834
Current maturity of convertible note payable -related party 6,249,816 5,913,737
Current maturity of note payable 254,891 254,986
Total current liabilities 8,594,371 8,516,924
License payable 0 160,000
Unearned Revenue - long-term 1,188,749 0
Total liabilities 9,783,120 8,676,924
Commitments and contingencies      
Stockholders' deficit:    
Common stock, $0.0001 par value; 100,000,000 authorized shares; 37,346,154 shares issued and outstanding at June 30, 2013 and June 30, 2012, respectively 3,735 3,735
Additional paid-in capital 15,609,340 15,448,353
Outstanding stock options 3,688,992 4,131,709
Accumulated deficit (28,361,944) (27,648,871)
Total stockholders' deficit (9,059,877) (8,065,074)
Total liabilities and stockholders' deficit $ 723,243 $ 611,850