Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2013
Jun. 30, 2013
CURRENT ASSETS:    
Cash $ 736   
Prepaid expenses and other current assets 6,667   
GST tax receivable 4,520 1,209
TOTAL CURRENT ASSETS 11,923 1,209
Property and Equipment, net    538
TOTAL ASSETS 11,923 1,747
LIABILITIES AND STOCKHOLDERS' EQUITY    
Bank Overdraft    5
Accounts payable 311,455 272,596
Accrued Expenses and other payables 318,285 251,439
Other Loans 23,742 32,879
Convertible Note, net of $118,306 debt discount 19,550   
Warrant derivative liability 163,559   
Due to directors - related parties 55,608 57,237
Loans from directors and officer - related parties 116,552 130,689
Employee benefit liability 53,593 49,378
TOTAL CURRENT LIABILITIES 1,062,344 794,223
STOCKHOLDERS' EQUITY    
Preferred stock, $0.01 par value; 10,000,000 shares authorized; zero shares issued and outstanding as of December 31, 2013 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 December 31, 2013 and June 30, 2013, respectively 72,685 70,632
Common stock issuable, $0.001 par value; 0 and 25,000 shares issued and outstanding as of December 31, 2013 and June 30, 2013, respectivel    25
Additional paid in capital 16,374,780 16,104,809
Accumulated other comprehensive loss (229,421) (244,589)
Deficit accumulated during development stage (17,268,465) (16,723,353)
TOTAL STOCKHOLDERS' DEFICIT (1,050,421) (792,476)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 11,923 $ 1,747