| Schedule of Debt [Table Text Block] |
Notes payable consist of the following:
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September 30,
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June 30,
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2012
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2012
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Note payable – former Managing Member
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$
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27,750
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$
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27,750
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Note payable – related corporation
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4,300
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4,300
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Note payable – stockholder
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13,000
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13,000
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Note payable – Chief Executive Officer
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10,000
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5,000
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Notes payable – Financial Institutions
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41,485
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—
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Note payable – Southridge Partners II LP
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40,000
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40,000
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Convertible note payable – former Digipath member
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1,050,000
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—
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Convertible notes payable
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398,284
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195,000
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Total
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1,584,819
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285,050
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Convertible notes payable, discount
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(87,230
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)
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(33,645
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)
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Total, net of discount
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1,497,589
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251,405
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Less current portion
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546,654
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133,240
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Long-term debt
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$
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950,935
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$
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118,165
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