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GOING CONCERN UNCERTAINTY AND MANAGEMENT'S PLAN | 12 Months Ended
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Jun. 30, 2012
Going Concern Uncertainty and Managements Plan [Abstract] |
Going Concern Uncertainty And Management's Plan [Text Block] | 2. GOING CONCERN UNCERTAINTY AND MANAGEMENT’S PLAN The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate the continuation of the Company as a going concern. The Company has incurred net losses applicable to common stockholders of $2,069,670 and $2,983,213 for the years ended June 30, 2012 and 2011, respectively, and has experienced an operating cash flow deficit in both 2012 and 2011. Further, the Company has a working capital deficit of $1,728,680 and a stockholders’ deficit of $1,781,370 at June 30, 2012. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management is anticipating revenue growth as a result of its recent acquisition of DigiPath Solutions, LLC (see Note 17) and by expanding its customer base, and is also actively seeking additional financing through new and existing investors to fund operations. There is no assurance that the Company can reverse its net losses, or that the Company will be able to raise additional capital. These financial statements do not include any adjustments that might result from the outcome of the above uncertainty.

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- Definition Entire disclosure of going uncertainty and management plan during the period. + References No definition available. + Details
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