Annual report pursuant to Section 13 and 15(d)

8. INCOME TAXES (Details 2)

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8. INCOME TAXES (Details 2) (USD $)
Jun. 30, 2013
Jun. 30, 2012
Current Deferred Tax Assets    
Provision for annual leave $ 14,813 $ 12,630
Superannuation 3,699 4,114
Total Current Deferred Tax Assets 18,512 16,744
Current Deferred Tax Liabilities    
Prepaid Investor Services      
Prepaid expenses      
Prepaid insurance      
Accounts Payable/trade creditors      
Patent Costs      
Total Current Deferred Tax Liabilities      
Non-Current Deferred Tax Assets    
Prepaid Investor Services 1,393,309 2,284,981
Capital Raising Costs 27,752 30,870
Legal Costs 28,337 30,948
Intellectual Property 13,854 15,410
Patent Costs 32,425 23,518
Formation Expense 8,491 9,445
Net Operating Loss Carryover 2,418,795 1,893,262
Foreign Exchange Loss (OCI) 73,377 107,675
Total Non-Current Deferred Tax Assets 3,996,340 4,396,109
Deferred Tax Valuation Allowance (4,014,862) (4,412,853)
Total Non-Current Deferred Tax Assets (18,512) (16,744)
Total Deferred Tax Assets (Net)