8. INCOME TAXES (Details 1) (USD $)
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12 Months Ended | 69 Months Ended | |
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Jun. 30, 2013
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Jun. 30, 2012
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Jun. 30, 2013
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Income Taxes Details 1 | |||
Income Tax Expense (Benefit) at Australia Statutory Rate | $ (492,334) | $ (3,482,491) | |
Stock Based Compensation | 351,935 | ||
R & D Refundable Tax Credit | (60,461) | (173,928) | |
Reduction of NOL Carryforward Due to R & D Tax Credit | 60,461 | 173,928 | |
Deferred Tax Valuation Allowance | (363,703) | 3,211,114 | |
Foreign Exchange Rate Changes | 443,641 | 97,449 | |
Total Income Tax Expense (Benefit) | $ (60,461) | $ (173,928) | $ (318,970) |
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- Definition
Deferred Tax Valuation Allowance No definition available.
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- Details
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- Definition
Income Tax Expense (Benefit) at Australia Statutory Rate No definition available.
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- Definition
Reduction of NOL Carryforward Due to R & D Tax Credit No definition available.
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- Definition
StockBasedCompensation1 No definition available.
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- Definition
The effect of exchange rate changes on cash balances in continuing operations held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount deducted from an entities' taxes, reflecting a percentage of an amount invested in certain assets spread over the useful life of those assets; includes deferred investment tax credits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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