v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 3 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash Flows From Operating Activities:    
Net income (loss) $ 373,144 $ (581,498)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization of property and equipment 4,722 310
Amortization of customer contracts 21,042 43,750
Amortization of notes payable discount 48,283 0
Goodwill impairment loss 0 48,158
Stock-based compensation expense 189,128 171,147
Restricted stock award expense 20,833 0
Bargain purchase gain (921,005) 0
Changes in operating assets and liabilities:    
Accounts receivable 104,601 135,958
Deposits, prepaid expenses and other assets 0 1,515
Accounts payable (15,939) 143,957
Accrued expenses and other current liabilities 38,816 19,393
Accrued compensation 6,040 20,000
Net Cash Used In Operating Activities (130,335) 2,690
Cash Flows From Investing Activities:    
Cash paid for acquisition (500) 0
Cash distribution to former Digipath member (96,662) 0
Purchase of property and equipment (14,100) (10,150)
Net Cash (Used) Provided In Investing Activities (111,262) (10,150)
Cash Flows From Financing Activities:    
Proceeds from issuance of notes payable and common stock warrants 137,000 3,300
Principal paid on notes payable 0 (9,250)
Proceed from issuance of Series F Preferred Stock 90,000 0
Proceeds from issuance of common stock 6,000 0
Net Cash Provided By Financing Activities 233,000 (5,950)
Net Change in Cash and Cash Equivalents (8,597) (13,410)
Cash and Cash Equivalents - Beginning of Period 16,404 50,598
Cash and Cash Equivalents - End of Period 7,807 37,188
Supplemental Disclosures Of Cash Flow Information:    
Interest paid 8,598 1,837
Income taxes paid 0 0
Non-Cash Investing and Financing Activities:    
Issuance of convertible note for acquisition of DigiPath 1,050,000 0
Issuance of Series G Preferred stock for acquisition of DigiPath 562,500 0
Fair value of common stock warrants issued with convertible notes payable 1,979 0
Fair value of beneficial conversion feature on notes payable 99,889 0
Notes payable and accrued interest converted to common stock 35,347 0
Series E Preferred Stock and accrued dividends converted to note payable 105,834 0
Cash dividend accrued on Series E Preferred Stock $ 1,528 $ 3,833