Our sales were $8,024 for the year ended June 30, 2012, as compared to $15,540 for the year ended June 30, 2011. The decrease of $7,516 or 48.4 % was due to lack of merchandising.
Net Income and Loss
Our net loss was $1,482,168 for the year ended June 30, 2012, as compared to $1,244,112 for the year ended June 30, 2011. The increase of $238,056 or 12.7 % was due to our increase in interest expenses that is attributable to the increase in our convertible promissory note debt and advances payable.