Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2013
Jun. 30, 2013
CURRENT ASSETS:    
Cash $ 37,068   
GST tax receivable 1,358 1,209
TOTAL CURRENT ASSETS 38,426 1,209
Property and Equipment, net 291 538
TOTAL ASSETS 38,717 1,747
LIABILITIES AND STOCKHOLDERS' EQUITY    
Bank Overdraft    5
Accounts payable 259,455 272,596
Accrued Expenses and other payables 319,518 251,439
Loans 24,211 32,879
Convertible Note, net of $139,680 and $0 debt discount, repectively      
Warrant derivative liability 403,492   
Due to directors - related parties 58,359 57,237
Loans from directors and officer - related parties 138,817 130,689
Employee benefit liability 53,283 49,378
TOTAL CURRENT LIABILITIES 1,257,135 794,223
STOCKHOLDERS' EQUITY    
Common stock, $0.001 par value; 100,000,000 shares authorized; 71,829,768 and 70,632,267 shares issued and outstanding as of September 30, 2013 and June 30, 2013, respectively 71,831 70,632
Common stock issuable, $0.001 par value; 0 and 25,000 shares issued and outstanding as of September 30, 2013 and June 30, 2013, respectively    25
Additional paid in capital 16,290,135 16,104,809
Accumulated other comprehensive income (loss) (285,520) (244,589)
Deficit accumulated during development stage (17,294,864) (16,723,353)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT) (1,218,418) (792,476)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 38,717 $ 1,747