Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Changes in Shareholders' Equity (Deficit)

v2.4.0.6
Consolidated Statement of Changes in Shareholders' Equity (Deficit) (USD $)
Common Stock Issuable
Common Stock
Subscription Receivable
Additional Paid-In Capital
Deficit Accumulated During Development Stage
Accumulated Other Comprehensive Loss
Total
Beginning balance, Amount at Oct. 14, 2007              
Issuance of common stock for cash @ $0.01 - related parties, Shares   41,040,000          
Issuance of common stock for cash @ $0.01 - related parties, Amount   $ 41,040   $ (41,022)     $ 18
Contributed capital, related party       495,665     495,665
Foreign Currency translation loss           (2,522) (2,522)
Net loss         (408,027)   (408,027)
Ending balance, Amount at Jun. 30, 2008   41,040   454,643 (408,027) (2,522) 85,134
Ending balance, Shares at Jun. 30, 2008   41,040,000          
Issuance of common stock for cash @ $0.01 - related parties, Shares   10,260,000          
Issuance of common stock for cash @ $0.01 - related parties, Amount   10,260   (10,256)     4
Foreign Currency translation loss           (50,680) (50,681)
Net loss         (443,849)   (443,849)
Ending balance, Amount at Jun. 30, 2009   51,300   444,387 (851,876) (53,202) (409,391)
Ending balance, Shares at Jun. 30, 2009   51,300,000          
Issuance of common stock for cash @ $0.01 - related parties, Shares   583,334          
Issuance of common stock for cash @ $0.01 - related parties, Amount   583   91,227     91,810
Issuance of stock for service, Shares   1,092,112          
Issuance of stock for service, Amount   1,092   175,613     176,705
Conversion of notes payable and accrued interest to common stock - related parties, Shares   3,305,615          
Conversion of notes payable and accrued interest to common stock - related parties, Amount   3,306   531,550     534,856
Issuance of stock for services, Shares       299,737     299,737
Gain on related party debt converted to common stock       9,252     9,252
Foreign Currency translation loss           (47,385) (47,385)
Net loss         (842,487)   (842,487)
Ending balance, Amount at Jun. 30, 2010   56,281   1,551,766 (1,694,363) (100,587) (186,903)
Ending balance, Shares at Jun. 30, 2010   56,281,061          
Issuance of common stock for cash @ $0.01 - related parties, Shares   7,639,465          
Issuance of common stock for cash @ $0.01 - related parties, Amount   7,639   1,275,491     1,283,130
Issuance of stock for service, Shares   139,400          
Issuance of stock for service, Amount   139   (139)     0
Issuance of stock for services, Amount   7,856   11,574,801     11,582,657
Issuance of stock for services, Shares   7,855,964          
Foreign Currency translation loss           (19,598) (19,598)
Net loss         (2,151,977)   (2,151,977)
Ending balance, Amount at Jun. 30, 2011   71,915   1,401,919 (3,846,340) (120,185) 10,507,309
Ending balance, Shares at Jun. 30, 2011   71,915,890          
Issuance of common stock for conversion of convertible debt, Shares 877 48,341          
Issuance of common stock for conversion of convertible debt, Amount 1 48   73,778     73,827
Issuance of common stock for cash @ $0.01 - related parties, Shares 5,000 85,534          
Issuance of common stock for cash @ $0.01 - related parties, Amount 5 86 (325) 107,459     107,225
Issuance of stock for service, Shares   31,622          
Issuance of stock for service, Amount   32   20,522     20,522
Issuance of stock for services, Shares   24,182          
Issuance of stock for services, Amount   24   36,248     36,272
Issuance of stock for services, Shares   600,000          
Issuance of stock for services, Amount   600   389,400     390,000
Foreign Currency translation loss           (238,732) (238,732)
Net loss         (11,434,375)   (11,434,375)
Ending balance, Amount at Jun. 30, 2012 $ 6 $ 72,706 $ (325) $ 15,029,326 $ (15,280,715) $ (358,917) $ (537,919)
Ending balance, Shares at Jun. 30, 2012 5,877 72,705,569