As of September 30, 2012, the balance
of prepaid expenses was $0. As of June 30, 2012, the balance of prepaid expenses was $13,533, representing $8,770 of
consulting and $4,763 of contract labor, materials and equipment rentals.
Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs.