XML 11 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (USD $)
12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
REVENUES    
Session Revenues $ 192,205 $ 108,782
Advertising Revenues    5,000
AfterMaster Revenues 85,532 87,646
Barter Revenues    23,500
Total Revenues 277,737 224,928
COSTS AND EXPENSES    
Cost of Revenues (Exclusive of Depreciation and Amortization) 322,973 941,808
Cost of Barter Exchanges    23,500
Depreciation and Amortization Expense 214,951 493,139
Impairment on long lived assets and intangibles    1,145,450
General and Administrative Expenses 3,033,876 3,900,060
Total Costs and Expenses 3,571,800 6,503,957
Loss from Operations (3,294,063) (6,279,029)
Interest Expense (1,362,732) (1,203,433)
Other Income 1,500  
Loss on Disposal of Property (6,725)  
Gain on Extinguishment of Debt 188,436 191
Total Other (Expense) (1,179,521) (1,203,242)
Loss Before Income Taxes (4,473,584) (7,482,271)
Income Tax Expense      
NET LOSS (4,473,584) (7,482,271)
Preferred Stock Accretion and Dividends (68,066) (392,138)
NET LOSS AVAILABLE TO COMMON SHAREHOLDERS $ (4,534,150) $ (7,874,409)
Basic and Diluted Loss Per Share of Common Stock $ (0.11) $ (0.23)
Weighted Average Number of Common Shares Outstanding 40,990,041 33,586,953