Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2014
Jun. 30, 2013
CURRENT ASSETS:    
Cash $ 40   
GST tax receivable    1,209
TOTAL CURRENT ASSETS 40 1,209
Property and Equipment, net    538
TOTAL ASSETS 40 1,747
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Bank Overdraft    5
Accounts payable 332,287 272,596
Accrued Expenses and other payables 373,286 251,439
Other Loans 35,608 32,879
Convertible Note, net of $107,881 debt discount 39,890   
Warrant derivative liability 111,343   
Due to directors - related parties 57,952 57,237
Loans from directors and officer - related parties 156,149 130,689
Employee benefit liability 58,719 49,378
TOTAL CURRENT LIABILITIES 1,165,234 794,223
STOCKHOLDER'S DEFICIT    
Preferred stock, $0.01 par value; 10,000,000 sharesauthorized; zero shares issued and outstanding as of March 31, 2014 and June 30, 2013, respectively      
Common stock, $0.001 par value; 100,000,000 shares authorized; 72,684,768 and 70,632,267 shares issued and outstanding as of March 31, 2014 and June 30, 2013, respectively 72,686 70,632
Common stock issuable, $0.001 par value; 0 and 25,000 shares issued and outstanding as of March 31, 2014 and June 30, 2013, respectively    25
Additional paid in capital 16,374,780 16,104,809
Accumulated other comprehensive loss (277,330) (244,589)
Deficit accumulated during development stage (17,335,330) (16,723,353)
TOTAL STOCKHOLDERS' DEFICIT (1,165,194) (792,476)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 40 $ 1,747