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GOING CONCERN UNCERTAINTY AND MANAGEMENT'S PLAN | 3 Months Ended
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Sep. 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 had net income applicable to common shareholders of $27,309 for the three months ended September 30, 2012 and a net loss applicable to common shareholders of $2,096,670 for the year ended June 30, 2012. Further, the Company had a working capital deficit of $2,227,993 and a stockholders’ deficit of $504,078 at September 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 and through expansion of its customer base, and is also actively seeking 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 capital. These financial statements do not include any adjustments that might result from the outcome of this 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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