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EXCEL - IDEA: XBRL DOCUMENT - ROTATE BLACK INCFinancial_Report.xls
10-Q - QUARTERLY REPORT - ROTATE BLACK INCrobk_10q.htm
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EX-31.2 - CERTIFICATION - ROTATE BLACK INCrobk_ex312.htm
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v2.4.0.6
Consolidated Balance Sheets (Unaudited) (USD $) (USD $)
Mar. 31, 2012
Jun. 30, 2011
Current Assets    
Cash $ 2,686   
Prepaid expenses 269 23,641
Total current assets 2,955 23,641
Fixed assets - net 3,728 11,104
Land purchase deposit 8,470,674 8,470,674
Investment in RBMS 186,181 65,519
Deferred development cost 138,507 52,278
Security deposit 3,600 3,600
TOTAL ASSETS 8,805,645 8,626,816
Current liabilities    
Accounts payable and accrued expenses 1,139,052 950,250
Accrued salaries 867,519 351,137
Redeemable Preferred Series A Stock 190,000 190,000
Note payable - insurance    2,074
Loan payable - stockholder 83,871 792,455
Dividends payable 28,383   
Note payable - truck - current portion 2,675 5,712
Total current liabilities 2,311,500 2,291,628
Mortgage payable - Big Easy vessel 2,975,000 2,975,000
Note payable- Big easy vessel 600,000 600,000
Accrued interest on mortgage and note payable 1,407,004 642,576
Note payable-truck    2,539
TOTAL LIABILITIES 7,293,504 6,511,743
STOCKHOLDERS'  EQUITY    
Common stock, $0.001 par value, 75,000,000 shares authorized; shares authorized; 32,878,896 and 22,138,849 shares issued and outstanding as of March 31, 2012 and June 30, 2011, respectively 32,879 22,139
Additional paid-in capital 21,203,364 19,076,687
Accumulated deficit (19,724,102) (16,983,753)
TOTAL STOCKHOLDERS' EQUITY 1,512,141 2,115,073
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 8,805,645 $ 8,626,816