Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)

v2.4.0.8
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ 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, Shares   41,040,000          
Issuance of common stock for cash, 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, Shares   10,260,000          
Issuance of common stock for cash, Amount   10,260   (10,256)     4
Foreign Currency translation loss           (50,680) (50,680)
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, Shares   583,334          
Issuance of common stock for cash, 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
Officer shares contributed to third party for services rendered       299,737     299,737
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, Shares   7,639,465          
Issuance of common stock for cash, 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   14,401,919 (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, Shares 5,000 85,534          
Issuance of common stock for cash, 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     20,554
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          
Issuance of previously granted common stock, Shares (5,877) 5,877          
Issuance of previously granted common stock, Amount (6) 6          
Issuance of common stock for conversion of convertible debt, Shares   51,264          
Issuance of common stock for conversion of convertible debt, Amount   51   76,845     76,896
Shares issued under voluntary ratchet, Shares   214,089          
Shares issued under voluntary ratchet, Amount   214   138,944     139,158
Issuance of common stock for conversion of accrued expenses, Shares   225,000          
Issuance of common stock for conversion of accrued expenses, Amount   225   146,025     146,250
Issuance of stock for service, Shares 25,000 1,012,500          
Issuance of stock for service, Amount 25 1,013   662,087     663,125
Cancellation of shares, shares   (3,582,032)          
Cancellation of shares, Amount   (3,582)   3,582      
Consultant stock expense   48,000         48,000
Write off of subscription receivable     325       325
Foreign currency translation income           114,328 114,328
Net loss         (1,442,638)   (1,442,638)
Ending balance, Amount at Jun. 30, 2013 $ 25 $ 70,633    $ 16,104,809 $ (16,723,353) $ (244,589) $ (792,476)
Ending balance, Shares at Jun. 30, 2013 25,000 70,632,267