v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Mar. 31, 2011
Revenues $ 154,837 $ 162,980 $ 470,037 $ 234,407
Cost of Revenues 75,846 110,663 214,067 211,398
Gross Profit (Loss) 78,991 52,317 255,970 23,009
Operating Expenses        
Selling, general and administrative 588,570 581,002 1,593,572 1,053,312
Research and development 0 0 0 15,360
Amortization of customer contracts 43,750 14,583 131,250 14,583
Goodwill impairment loss 0 0 48,158 0
Total Operating Expenses 632,320 595,585 1,772,980 1,083,255
Operating Loss (553,329) (543,268) (1,517,010) (1,060,246)
Other Income (Expense), Net        
Interest income 0 5,305 0 5,305
Interest expense (10,443) 0 (16,349) 0
Other income 6,720 0 115,489 0
Total Other Income (Expense), Net (3,723) 5,305 99,140 5,305
Loss before Income Taxes (557,052) (537,963) (1,417,870) (1,054,941)
Income tax benefit 0 0 0 0
Net Loss (557,052) (537,963) (1,417,870) (1,054,941)
Net Income (Loss) Attributable to Non-Controlling Interest (367) 2,066 43,518 2,066
Net Loss Attributable to AccelPath, Inc. (557,419) (535,897) (1,374,352) (1,052,875)
Deemed and cash dividends to Preferred Stockholders - Series E (3,167) (19,417) (10,833) (19,417)
Net Loss Applicable to Common Shareholders $ (560,586) $ (555,314) $ (1,385,185) $ (1,072,292)
Net Loss Per Share - Basic and Diluted (in dollars per share) $ (0.005) $ (0.005) $ (0.011) $ (0.012)
Weighted Average Number of Common Shares Outstanding        
Basic and diluted (in shares) 121,711,629 103,612,229 120,753,268 91,344,119