Annual report pursuant to Section 13 and 15(d)

3. PROPERTY AND EQUIPMENT

3. PROPERTY AND EQUIPMENT

12 Months Ended

Jun. 30, 2013

Property, Plant and Equipment [Abstract]

Property, plant, and equipment consist of the following as of June 30,

	2013			2012

Office equipment at cost	$	14,513		$	16,143
Less: Accumulated depreciation		(13,975	)		(11,526	)

Total property, plant, and equipment	$	538		$	4,617

Depreciation expense for the years ended June 30, 2013 and 2012 were $4,062 and $1,792, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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