Subsequent Events
|
12 Months Ended |
---|---|
Jun. 30, 2013
|
|
Subsequent Events | |
Subsequent events | 11. SUBSEQUENT EVENTS
Management has evaluated subsequent events according to ASC TOPIC 855 as of the date of the financial statements and has determined that the following subsequent events are reportable.
On July 2, 2013, the Company received an additional advance on the May 2013 Note from Wings Fund, Inc, in the amount of $25,000 to help fund operations. This amount was not included in the total amount due on the May 2013 Note, as of June 30, 2013.
On August 26, 2013, the Company signed a lease agreement for approximately 2,534 square feet of office space located at 1933 Cliff Dr., Suite 11, Santa Barbara, CA 93109, , pursuant to a two year lease agreement for approximately $4,308 per month, which commences on October 1, 2013. In addition, the Company is responsible for its pro-rata share of common area maintenance fees. |
Related Parties
|
12 Months Ended |
---|---|
Jun. 30, 2013
|
|
Related Party Transactions [Abstract] | |
Related Parties |
4. RELATED PARTIES
During the fiscal year ended June 30, 2013, the Company received a total of $130,000 from Wings Fund, Inc., an affiliate of the Company, pursuant to the March 2013 Note and the May 2013 Note. See footnote 3 for details regarding the March 2013 Note and the May 2013 Note.
During the fiscal year ended June 30, 2012, the Company signed a licensing agreement with PageTransformer, to obtain expertise in the area of mobile app and mobile web development. This licensing agreement expires in the year ended June 30, 2014 and will not be renewed. The two founders of PageTransformer, Andrew VanNoy and Zachary Bartlett, are our current Chief Executive Officer and our current Vice President of Operations, respectively. Other than the original licensing fee paid to PageTransformer, the Company has not made any subsequent payments to PageTransformer under the licensing agreement.
|
Deferred Tax Benefit (Schedule Of Deferred Tax Assets) (Details) (USD $)
|
Jun. 30, 2013
|
Jun. 30, 2012
|
---|---|---|
Deferred Tax Assets: | ||
NOL Carryforward | $ 2,349,100 | $ 2,207,500 |
Depreciation | (12,500) | 7,500 |
R&D Carryforward | 300 | 11,100 |
Capital Loss Carryforward | 12,000 | 11,800 |
Accrued Vacation Payable | 8,600 | 6,500 |
Allowance for Doubtful Accounts | 9,700 | 20,500 |
Related party accruals | 1,000 | |
Contribution Carryforward | 200 | 200 |
Valuation allowance | (2,368,400) | (2,265,100) |
Net deferred tax assets |
Summary Of Significant Accounting Policies (Policies)
|
12 Months Ended | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2013
|
||||||||||||||||
Accounting Policies [Abstract] | ||||||||||||||||
Accounts receivable | Accounts receivable
The Company extends credit to its customers, who are located nationwide. Accounts receivable are customer obligations due under normal trade terms. The Company performs continuing credit evaluations of its customers financial condition. Management reviews accounts receivable on a regular basis, based on contracted terms and how recently payments have been received to determine if any such amounts will potentially be uncollected. The Company includes any balances that are determined to be uncollectible in its allowance for doubtful accounts. After all attempts to collect a receivable have failed, the receivable is written off. The balance of the allowance account at June 30, 2013 and 2012 are $24,907 and $52,408 respectively. |
|||||||||||||||
Use of estimates | Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the accompanying financial statements. Significant estimates made in preparing these financial statements include the allowance for doubtful accounts, the estimate of useful lives of property and equipment, the deferred tax valuation allowance, and the fair value of stock options and warrants. Actual results could differ from those estimates. |
|||||||||||||||
Cash and Cash Equivalents | Cash and Cash Equivalents
The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents |
|||||||||||||||
Revenue recognition | Revenue recognition
The Company recognizes income when the service is provided or when product is delivered. We present revenue, net of customer incentives. Most of the income is generated from professional services and site development fees.
We provide online marketing services that we purchase from third parties. The gross revenue presented in our statement of operations is in accordance with ASC 605-45.
We also offer professional services such as development services. The fees for development services with multiple deliverables constitute a separate unit of accounting in accordance with ASC 605-25, which are recognized as the work is performed.
Upfront fees for development services or other customer services are deferred until certain implementation or contractual milestones have been achieved. The deferred revenue as of June 30, 2013 and 2012 was zero and $32,853, respectively.
For the fiscal year ended, June 30, 2013, monthly recurring fees for TCP, ICS and mobile services account for 34% of the Companys total revenues, professional services account for 62% and the remaining 4% of total revenues are from resale of third party products and services.
For the fiscal year ended, June 30, 2012, monthly recurring fees for TCP, ICS and mobile services account for 61% of the Companys total revenues, professional services account for 22% and the remaining 17% of total revenues are from resale of third party products and services. |
|||||||||||||||
Return policy | Return policy
On all service offerings such as web based e-commerce products there are no returns. Monthly fees are assessed and revenue is recognized at the end of every month, after service has been provided. Some higher paying customers may have service level agreements where we guarantee system uptime such as 99.9% of the time per month. If we fall below the agreed upon level of uptime, we shall credit one day of service fee for each hour our system is down up to a maximum of one monthly fee. This guarantee only covers downtime as a result of failure in the Companys hardware, software or gross negligence. Historically, the Company has not had to issue any credits for such returns. |
|||||||||||||||
Cost of Revenue | Cost of Revenue
Cost of revenue includes the direct costs of operating the Companys network, including telecommunications charges and third party internet marketing charges. |
|||||||||||||||
Research and Development | Research and Development
Research and development costs are expensed as incurred. Total research and development costs were $13,307 and $119,163 for the years ended June 30, 2013 and 2012, respectively. |
|||||||||||||||
Advertising Costs | Advertising Costs
The Company expenses the cost of advertising and promotional materials when incurred. Total advertising costs were $498 and $25,116 for the years ended June 30, 2013 and 2012, respectively. |
|||||||||||||||
Fair value of financial instruments | Fair value of financial instruments
The Companys financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities are carried at cost, which approximates their fair value, due to the relatively short maturity of these instruments. As of June 30, 2013 and 2012, the Companys capital lease obligations and notes payable have stated borrowing rates that are consistent with those currently available to the Company and, accordingly, the Company believes the carrying value of these debt instruments approximates their fair value. |
|||||||||||||||
Property and Equipment | Property and Equipment
Property and equipment are stated at cost, and are depreciated or amortized using the straight-line method over the following estimated useful lives:
Depreciation expenses were $23,495 and $25,888 for the years ended June 30, 2013 and 2012, respectively. |
|||||||||||||||
Concentrations of Business and Credit Risk | Concentrations of Business and Credit Risk
The Company operates in a single industry segment. The Company markets its services to companies and individuals in many industries and geographic locations. The Companys operations are subject to rapid technological advancement and intense competition in the telecommunications industry. Accounts receivable represent financial instruments with potential credit risk. The Company typically offers its customers credit terms. The Company makes periodic evaluations of the credit worthiness of its enterprise customers and other than obtaining deposits pursuant to its policies, it generally does not require collateral. In the event of nonpayment, the Company has the ability to terminate services. |
|||||||||||||||
Stock based compensation | Stock-Based Compensation
The Company addressed the accounting for share-based payment transactions in which an enterprise receives employee services in exchange for either equity instruments of the enterprise or liabilities that are based on the fair value of the enterprises equity instruments or that may be settled by the issuance of such equity instruments. The transactions are accounted for using a fair-value-based method and recognized as expenses in our statement of income. There was no material impact on the Companys financial statement of operations.
Stock-based compensation expense recognized during the period is based on the value of the portion of stock-based payment awards that is ultimately expected to vest. Stock-based compensation expense recognized in the consolidated statement of operations during the year ended June 30, 2013, included compensation expense for the stock-based payment awards granted prior to, but not yet vested, as of June 30, 2013 based on the grant date fair value estimated. Stock-based compensation expense recognized in the statement of operations for the year ended June 30, 2013 is based on awards ultimately expected to vest, or has been reduced for estimated forfeitures. Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. The stock-based compensation expense recognized in the consolidated statements of operations during the year ended June 30, 2013 and 2012 was $21,010 and $2,708, respectively. |
|||||||||||||||
Earnings Per Share | Earnings Per Share
Earnings per Share require the Company to calculate earnings per share based on basic and diluted earnings per share, as defined. Basic earnings per share exclude dilution and are computed by dividing net income by the weighted average number of shares outstanding for the period. Diluted earnings per share reflect the potential dilution that could occur if stock options and warrants to issue common stock were exercised or converted into common stock. For the year ended June 30, 2013, since the Company reported a net loss, the additional diluted shares would have had an anti-dilutive effect. Therefore, all additional shares that would have been included in the diluted earnings per share calculation were excluded, and the basic and diluted earnings per share numbers are identical. |
|||||||||||||||
Income Taxes | Income Taxes
The Company uses the liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to financial statements carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry-forwards. The measurement of deferred tax assets and liabilities is based on provisions of applicable tax law. The measurement of deferred tax assets is reduced, if necessary, by a valuation allowance based on the amount of tax benefits that, based on available evidence, is not expected to be realized. |
|||||||||||||||
Recently issued accounting pronouncement | Recently Issued Accounting Pronouncements
Management reviewed accounting pronouncements issued during the twelve months ended June 30, 2013, and no pronouncements were adopted during the period. |
|||||||||||||||
Reclassification | Reclassification
Certain balance sheet and statement of operations amounts for the year ended June 30, 2012 were reclassified to conform to the presentation for the year ended June 30, 2013.
|
Commitments And Contingencies (Narrative) (Details) (Office Space, USD $)
|
12 Months Ended | |
---|---|---|
Jun. 30, 2013
acre
|
Jun. 30, 2012
|
|
Office Space
|
||
Lease period | 5 years | |
Land area | 5,251 | |
Monthly rent | $ 8,046 | |
Total lease expenses | $ 151,148 | $ 152,198 |
Lease terms | During the year ended June 30, 2013, the Company leased approximately 5,251 square feet of office space at 6500 Hollister Avenue, Suite 120, Santa Barbara, California 93117 for approximately $8,046 per month, pursuant to a five year lease agreement which commenced on May 25, 2010. |
Stock Options And Warrants (Summary Of Stock Option Activity) (Details) (USD $)
|
12 Months Ended | |
---|---|---|
Jun. 30, 2013
|
Jun. 30, 2012
|
|
Number of Options | ||
Outstanding -beginning of period | 3,578,000 | 608,000 |
Granted | 12,500,000 | 3,500,000 |
Exercised | ||
Forfeited | (2,570,000) | (530,000) |
Outstanding - end of period | 13,508,000 | 3,578,000 |
Exercisable at the end of period | 4,101,184 | 703,430 |
Weighted Average Exercise Price | ||
Outstanding -begining of period | $ 0.01 | $ 0.06 |
Granted | $ 0.005 | $ 0.004 |
Exercised | ||
Forfeited | $ 0.007 | $ 0.05 |
Outstanding - end of period | $ 0.005 | $ 0.01 |
Excercisable at the end of period | $ 0.005 | $ 0.017 |
Weighted average fair value of options granted during the year | $ 0.005 | $ 0.004 |
Stock Option And Warrants (Schedule Of Fair Value Assumptions Of Options) (Details) (Stock Options)
|
12 Months Ended |
---|---|
Jun. 30, 2013
|
|
Stock Options
|
|
Fair Value Assumptions Of Options - Black Scholes Model | |
Risk free interest rate | 6.00% |
Stock volatility factor | 171.00% |
Weighted average expected option life | 7 years |
Expected dividend yield |
Related Parties (Narrative) (Details) (USD $)
|
12 Months Ended | |
---|---|---|
Jun. 30, 2013
|
Jun. 30, 2012
|
|
Related Party Transaction [Line Items] | ||
Proceeds from issuance of notes payable | $ 130,000 | |
Wings Fund, Inc
|
||
Related Party Transaction [Line Items] | ||
Proceeds from issuance of notes payable | $ 130,000 |
Commitments And Contingencies (Details) (Rent Payment, USD $)
|
Jun. 30, 2013
|
---|---|
Rent Payment
|
|
Operating Leased Assets [Line Items] | |
2014 | $ 63,393 |
2015 | $ 53,760 |
Deferred Tax Benefit (Schedule Of Provision For Income Taxes) (Details) (USD $)
|
12 Months Ended | |
---|---|---|
Jun. 30, 2013
|
Jun. 30, 2012
|
|
Deferred Tax Benefit Schedule Of Provision For Income Taxes Details | ||
Book Income | $ (130,200) | $ (224,000) |
Nondeductible expenses | 8,700 | 1,000 |
Accrued Vacation Payable | (2,200) | 6,000 |
Allowance for Bad Debt | (10,700) | 16,000 |
Depreciation | (1,400) | (4,500) |
Contributed Services | 4,700 | 12,500 |
R&D Credit | 100 | 4,500 |
Related party accruals | 1,000 | |
Valuation Allowance | 130,000 | 188,500 |
Income Tax Expense | ||
Income tax effective rate | 39.00% | 39.00% |
Summary Of Significant Accounting Policies
|
12 Months Ended | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2013
|
||||||||||||||||
Accounting Policies [Abstract] | ||||||||||||||||
Summary of significant accounting policies | 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
This summary of significant accounting policies of Warp 9, Inc. is presented to assist in understanding the Companys financial statements. The financial statements and notes are representations of the Companys management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements.
The Consolidated Financial Statements include the Company and its majority-owned subsidiary (Warp 9, Inc., a Delaware corporation). All significant inter-company transactions are eliminated in consolidation.
Accounts receivable
The Company extends credit to its customers, who are located nationwide. Accounts receivable are customer obligations due under normal trade terms. The Company performs continuing credit evaluations of its customers financial condition. Management reviews accounts receivable on a regular basis, based on contracted terms and how recently payments have been received to determine if any such amounts will potentially be uncollected. The Company includes any balances that are determined to be uncollectible in its allowance for doubtful accounts. After all attempts to collect a receivable have failed, the receivable is written off. The balance of the allowance account at June 30, 2013 and 2012 are $24,907 and $52,408 respectively.
Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the accompanying financial statements. Significant estimates made in preparing these financial statements include the allowance for doubtful accounts, the estimate of useful lives of property and equipment, the deferred tax valuation allowance, and the fair value of stock options and warrants. Actual results could differ from those estimates.
Cash and Cash Equivalents
The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents.
Revenue recognition
The Company recognizes income when the service is provided or when product is delivered. We present revenue, net of customer incentives. Most of the income is generated from professional services and site development fees.
We provide online marketing services that we purchase from third parties. The gross revenue presented in our statement of operations is in accordance with ASC 605-45.
We also offer professional services such as development services. The fees for development services with multiple deliverables constitute a separate unit of accounting in accordance with ASC 605-25, which are recognized as the work is performed.
Upfront fees for development services or other customer services are deferred until certain implementation or contractual milestones have been achieved. The deferred revenue as of June 30, 2013 and 2012 was zero and $32,853, respectively.
For the fiscal year ended, June 30, 2013, monthly recurring fees for TCP, ICS and mobile services account for 34% of the Companys total revenues, professional services account for 62% and the remaining 4% of total revenues are from resale of third party products and services.
For the fiscal year ended, June 30, 2012, monthly recurring fees for TCP, ICS and mobile services account for 61% of the Companys total revenues, professional services account for 22% and the remaining 17% of total revenues are from resale of third party products and services.
Return policy
On all service offerings such as web based e-commerce products there are no returns. Monthly fees are assessed and revenue is recognized at the end of every month, after service has been provided. Some higher paying customers may have service level agreements where we guarantee system uptime such as 99.9% of the time per month. If we fall below the agreed upon level of uptime, we shall credit one day of service fee for each hour our system is down up to a maximum of one monthly fee. This guarantee only covers downtime as a result of failure in the Companys hardware, software or gross negligence. Historically, the Company has not had to issue any credits for such returns.
Cost of Revenue
Cost of revenue includes the direct costs of operating the Companys network, including telecommunications charges and third party internet marketing charges.
Research and Development
Research and development costs are expensed as incurred. Total research and development costs were $13,307 and $119,163 for the years ended June 30, 2013 and 2012, respectively.
Advertising Costs
The Company expenses the cost of advertising and promotional materials when incurred. Total advertising costs were $498 and $25,116 for the years ended June 30, 2013 and 2012, respectively.
Fair value of financial instruments
The Companys financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities are carried at cost, which approximates their fair value, due to the relatively short maturity of these instruments. As of June 30, 2013 and 2012, the Companys capital lease obligations and notes payable have stated borrowing rates that are consistent with those currently available to the Company and, accordingly, the Company believes the carrying value of these debt instruments approximates their fair value.
Property and Equipment
Property and equipment are stated at cost, and are depreciated or amortized using the straight-line method over the following estimated useful lives:
Depreciation expenses were $23,495 and $25,888 for the years ended June 30, 2013 and 2012, respectively.
Concentrations of Business and Credit Risk
The Company operates in a single industry segment. The Company markets its services to companies and individuals in many industries and geographic locations. The Companys operations are subject to rapid technological advancement and intense competition in the telecommunications industry. Accounts receivable represent financial instruments with potential credit risk. The Company typically offers its customers credit terms. The Company makes periodic evaluations of the credit worthiness of its enterprise customers and other than obtaining deposits pursuant to its policies, it generally does not require collateral. In the event of nonpayment, the Company has the ability to terminate services.
Stock-Based Compensation
The Company addressed the accounting for share-based payment transactions in which an enterprise receives employee services in exchange for either equity instruments of the enterprise or liabilities that are based on the fair value of the enterprises equity instruments or that may be settled by the issuance of such equity instruments. The transactions are accounted for using a fair-value-based method and recognized as expenses in our statement of income. There was no material impact on the Companys financial statement of operations.
Stock-based compensation expense recognized during the period is based on the value of the portion of stock-based payment awards that is ultimately expected to vest. Stock-based compensation expense recognized in the consolidated statement of operations during the year ended June 30, 2013, included compensation expense for the stock-based payment awards granted prior to, but not yet vested, as of June 30, 2013 based on the grant date fair value estimated. Stock-based compensation expense recognized in the statement of operations for the year ended June 30, 2013 is based on awards ultimately expected to vest, or has been reduced for estimated forfeitures. Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. The stock-based compensation expense recognized in the consolidated statements of operations during the year ended June 30, 2013 and 2012 was $21,010 and $2,708, respectively.
Earnings Per Share
Earnings per Share require the Company to calculate earnings per share based on basic and diluted earnings per share, as defined. Basic earnings per share exclude dilution and are computed by dividing net income by the weighted average number of shares outstanding for the period. Diluted earnings per share reflect the potential dilution that could occur if stock options and warrants to issue common stock were exercised or converted into common stock. For the year ended June 30, 2013, since the Company reported a net loss, the additional diluted shares would have had an anti-dilutive effect. Therefore, all additional shares that would have been included in the diluted earnings per share calculation were excluded, and the basic and diluted earnings per share numbers are identical.
Income Taxes
The Company uses the liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to financial statements carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry-forwards. The measurement of deferred tax assets and liabilities is based on provisions of applicable tax law. The measurement of deferred tax assets is reduced, if necessary, by a valuation allowance based on the amount of tax benefits that, based on available evidence, is not expected to be realized.
Recently Issued Accounting Pronouncements
Management reviewed accounting pronouncements issued during the twelve months ended June 30, 2013, and no pronouncements were adopted during the period.
Reclassification
Certain balance sheet and statement of operations amounts for the year ended June 30, 2012 were reclassified to conform to the presentation for the year ended June 30, 2013. |
Income Taxes
|
12 Months Ended |
---|---|
Jun. 30, 2013
|
|
Income Tax Disclosure [Abstract] | |
Income Taxes |
5. INCOME TAXES
The Company files income tax returns in the U.S. Federal jurisdiction, and the state of California. With few exceptions, the Company is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2009.
Deferred income taxes have been provided by temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for tax purposes. To the extent allowed by GAAP, we provide valuation allowances against the deferred tax assets for amounts when the realization is uncertain. Included in the balances at June 30, 2013 and 2012, are no tax positions for which the ultimate deductibility is highly certain, but for which there is uncertainty about the timing of such deductibility. Because of the impact of deferred tax accounting, other than interest and penalties, the disallowance of the shorter deductibility period would not affect the annual effective tax rate but would accelerate the payment of cash to the taxing authority to an earlier period.
The Company's policy is to recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. During the periods ended June 30, 2013 and 2012, the Company did not recognize interest and penalties.
|
Notes Payable
|
12 Months Ended |
---|---|
Jun. 30, 2013
|
|
Notes Payable | |
Notes payable | 3. NOTES PAYABLE
At June 30, 2007, the Company reclassified an accounts payable account to a vendor in the amount of $154,429 to a note payable. The monthly payment on the note is $3,342 per month and bears annual interest at the rate of 10% per annum. At June 30, 2013 and 2012, the outstanding principal and accrued interest balance was $45,815 and $41,831, respectively. The total outstanding and accrued interest balance of $45,815 is currently due.
On March 25, 2013, the Company signed a convertible promissory note (the March 2013 Note) in the amount of $100,000, at which time an initial advance of $50,000 was received to cover operational expenses. The lender, Wings Fund, Inc., advanced an additional $20,000 on April 16, 2013, an additional $15,000 on May 1, 2013 and an additional $15,000 on May 16, 2013, for a total draw of $100,000. The terms of the March 2013 Note allow the lender to convert all or part of the outstanding balance plus accrued interest, at any time after the effective date, at a conversion price of the lower of (a) $0.015 per share, or (b) 50% of the lowest trade price of Common Stock recorded on any trade day after the effective date of the agreement. The March 2013 Note bears interest at a rate of 10% per year and matures one year from the effective date of each advance.
On May 16, 2013, the Company signed a convertible promissory note (the May 2013 Note) in the amount of $100,000, at which time an initial advance of $10,000 was received to cover operational expenses. The lender, Wings Fund, Inc., advanced an additional $20,000 on June 3, 2013 and an additional $25,000 on July 2, 2013, for a total draw of $55,000. The terms of the May 2013 Note allow the lender to convert all or part of the outstanding balance plus accrued interest, at any time after the effective date, at a conversion price of the lower of (a) $0.015 per share, or (b) 50% of the lowest trade price of Common Stock recorded on any trade day after the effective date of the agreement. At the time of issuance, the Company recognized a discount on the May 2013 Note in the amount of $6,000, due to the beneficial conversion feature. This discount will be recognized over twelve months, beginning on May 16, 2013. For the year ended June 30, 2013, the Company included $542 in interest expense related to the discount. The May 2013 Note bears interest at a rate of 10% per year and matures one year from the effective date of each advance. |
Stock Options And Warrants (Summary Of Weighted Average Remainining Contractual Life Of Options) (Details) (USD $)
|
12 Months Ended | |||||
---|---|---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2012
|
Jun. 30, 2011
|
Jun. 30, 2013
Exercise Price 0.050
Stock Options
|
Jun. 30, 2013
Exercise Price 0.005
Stock Options
|
Jun. 30, 2013
Exercise Price 0.004
Stock Options
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Excerise Prices | $ 0.050 | $ 0.005 | $ 0.004 | |||
Number of options outstanding | 13,508,000 | 3,578,000 | 608,000 | 8,000 | 12,500,000 | 1,000,000 |
Weighted Average remaining contractual life (years) | 5 years 0 months 29 days | 6 years 1 month 13 days | 8 years 3 months 14 days |
Summary Of Significant Accounting Policies (Narrative) (Details) (USD $)
|
12 Months Ended | |
---|---|---|
Jun. 30, 2013
|
Jun. 30, 2012
|
|
Product Information [Line Items] | ||
Percentage on returns | 99.90% | |
Advertising cost | $ 498 | $ 25,116 |
TCP, ICS and Mobile Service Revenue | Total Revenue
|
||
Product Information [Line Items] | ||
Percentage of product revenue to total revenue | 34.00% | 61.00% |
Professional Services Revenue | Total Revenue
|
||
Product Information [Line Items] | ||
Percentage of product revenue to total revenue | 62.00% | 22.00% |
Third Party Products and Services Revenue | Total Revenue
|
||
Product Information [Line Items] | ||
Percentage of product revenue to total revenue | 4.00% | 17.00% |
Concentrations (Narrative) (Details)
|
12 Months Ended | |
---|---|---|
Jun. 30, 2013
|
Jun. 30, 2012
|
|
Total Revenue | Two Major Customers
|
||
Customer Concentration Percentage | 46.00% | |
Total Revenue | Three Major Customers
|
||
Customer Concentration Percentage | 55.00% | |
Accounts Receivable | FourCustomers
|
||
Customer Concentration Percentage | 84.00% | 75.00% |