30DC (TDCH) 10-Q 15 Oct 13 2013 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Dec. 31, 2012	Oct. 14, 2013
Document And Entity Information
Entity Registrant Name	30DC, INC.
Entity Central Index Key	1118974
Document Type	10-Q
Document Period End Date	31-Dec-12
Amendment Flag	FALSE
Current Fiscal Year End Date	-24
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	No
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		87,313,464
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2013

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Dec. 31, 2012	Jun. 30, 2012
Assets
Cash and Cash Equivalents	$274,112	$1,031,167
Accrued Commissions Receivable	11,154	15,805
Accounts Receivable	26,217	156,104
Assets of Discontinued Operations	94,792	95,625
Total Current Assets	406,275	1,298,701
Property and Equipment, Net	29,870	34,100
Intangible Assets, Net	319,000	0
Goodwill	2,252,849	1,503,860
Total Assets	3,007,994	2,836,661
Liabilities and Stockholders' Equity (Deficiency)
Accounts Payable	662,683	581,775
Accrued Expenses and Refunds	389,365	494,603
Accrued Commissions Expense	0	699,592
Deferred Revenue	24,813	244,378
Due to Related Parties	743,863	606,827
Liabilities of Discontinued Operations	355,687	374,756
Total Current Liabilities	2,176,411	3,001,931
Total Liabilities	2,176,411	3,001,931
Stockholders' Equity (Deficiency)
Preferred Stock, Par Value $0.001, 10,000,000 Authorized, -0- Issued
Common Stock, Par Value $0.001, 100,000,000 authorized, 86,931,169 and 72,928,421 issued and outstanding respectively	86,931	72,928
Paid in Capital	3,816,496	2,600,410
Accumulated Deficit	-2,968,986	-2,735,750
Accumulated Other Comprehensive Loss	-102,858	-102,858
Total Stockholders' Equity (Deficiency)	831,583	-165,270
Total Liabilities and Stockholders' Equity (Deficiency)	$3,007,994	$2,836,661

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2012	Jun. 30, 2012
Stockholders Equity
Preferred Stock par value	$0.00	$0.00
Preferred Stock Authorized	10,000,000	10,000,000
Preferred Stock Issued	0	0
Common Stock par value	$0.00	$0.00
Common Stock Authorized	100,000,000	100,000,000
Common Stock Issued	86,931,169	72,928,421
Common Stock Outstanding	86,931,169	72,928,421

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
Revenue
Commissions	$60,147	$41,349	$163,964	$143,849
Subscription Revenue	136,916	143,179	255,153	338,068
Products and Services	319,853	148,811	405,958	162,884
Seminars and Mentoring	85,504	174,534	227,084	278,330
Total Revenue	602,420	507,873	1,052,159	923,131
Operating Expenses	794,249	545,853	1,285,136	1,187,210
Operating Income (Loss)	-191,829	-37,980	-232,977	-264,079
Other Income (Expense)
Forgiveness of Debt	8,746	0	8,746	0
Foreign Currency Loss	-1	-6,021	-31	-12,422
Total Other Income (Expense)	8,745	-6,021	8,715	-12,422
Loss From Continuing Operations	-183,084	-44,001	-224,262	-276,501
Loss From Discontinued Operations	-3,957	-3,613	-8,974	-6,169
Net Loss	-187,041	-47,614	-233,236	-282,670
Foreign Currency Translation Gain (Loss)	0	-34,495	0	23,620
Comprehensive Loss	($187,041)	($82,109)	($233,236)	($259,050)
Weighted Average Common Shares Outstanding
Basic	83,550,967	74,520,248	78,451,650	74,520,248
Diluted	83,550,967	74,520,248	78,451,650	74,520,248
Loss Per Common Share (Basic and Diluted)
Continuing Operations	$0	$0	$0	$0
Discontinued Operations	$0	$0	$0	$0
Net Loss Per Common Share	$0	$0	$0	$0

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Cash Flows from Operating Activities:
Net Loss	($233,236)	($282,670)
Loss From Discontinued Operations	8,974	6,169
Adjustments to Reconcile Loss from Continuing Operations to Net Cash Provided By (Used In) Operating Activities
Depreciation and Amortization	25,988	31,957
Equity Based Payments To Employees	52,050	0
Equity Based Payments To Non-Employees	99,050	0
Changes in Operating Assets and Liabilities
Accrued Commissions Receivable	4,651	19,804
Accounts Receivable	129,887	0
Prepaid Expenses	0	-58,872
Accounts Payable	80,908	25,496
Accrued Expenses and Refunds	-105,238	4,881
Accrued Commissions Expense	-699,592	0
Deferred Revenue	-219,565	48,945
Due to Related Parties	137,036	214,399
Net Cash Provided by (Used in) Operating Activities	-719,087	10,109
Cash Flows from Investing Activities
Purchases of Property and Equipment	-10,758	-5,311
Net Cash Used in Investing Activities	-10,758	-5,311
Cash Flows from Discontinued Operations
Cash Flows From Operating Activities	-27,210	-6,637
Net Cash Used in Discontinued Operations	-27,210	-6,637
Effect of Foreign Exchange Rate Changes on Cash	0	215
Decrease in Cash and Cash Equivalents	-757,055	-1,624
Cash and Cash Equivalents - Beginning of Period	1,031,167	33,790
Cash and Cash Equivalents - End of Period	274,112	32,166
Supplemental Disclosures of Non Cash Financing Activity: Common Stock Issued for Asset Acquisition:
Customer Lists	75,000	0
Software	255,000	0
Goodwill	$748,989	$0

1_DESCRIPTION_OF_BUSINESS_BASI

1. DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND LIQUIDITY	6 Months Ended
	Dec. 31, 2012
Organization, Consolidation and Presentation of Financial Statements [Abstract]
1. DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND LIQUIDITY	30DC, Inc., Delaware, (“30DC DE”) was incorporated on October 17, 2008 in the state of Delaware, as a holding company, for the purpose of building, acquiring and managing international web-based sales and marketing companies. On July 15, 2009, 30DC DE completed the acquisitions of the business and assets of 30 Day Challenge (“30 Day”) and Immediate Edge (“Immediate”). 30 Day was acquired from the Marillion Partnership and Edward Wells Dale, both of Victoria, Australia, in consideration for the issuance of 2,820,000 shares of Common Stock of 30DC DE. Immediate was acquired from Dan Raine of Cheshire, United Kingdom, in consideration for the issuance of 600,000 shares of Common Stock of 30DC DE. The acquired businesses were sold subject to specific liabilities which included accounts payable, accrued expenses and deferred revenue. The acquisitions were pursuant to an agreement dated November 14, 2008. Mr. Dale and Mr. Raine were part of the founding group of shareholders of 30DC DE and in conjunction with the acquisitions, Mr. Dale was named the Chief Executive Officer of 30DC DE. In accordance with the provisions of Accounting Standards Codification (“ASC”) 805, “Business Combinations”, the acquisitions of 30 Day and Immediate were accounted for as transactions between entities under common control, whereby the acquired assets and liabilities of 30 Day and Immediate were recognized in the financial statements at their carrying amounts.
	On September 10, 2010, shareholders of 30DC DE exchanged 100% of their 30DC DE shares for 60,984,000 shares of Infinity Capital Group, Inc. (“Infinity”), a publicly traded company which trades over the counter (“OTC”) on the OTC Pink market operated by OTC Market Group, Inc. 30DC DE became a wholly owned subsidiary of Infinity Capital Group, Inc. which has subsequently changed its name to 30DC, Inc. (“30DC” and together with its subsidiary “the Company”). After the share exchange, the former shareholders in 30DC DE held approximately 90% of the outstanding shares in Infinity and the officers of 30DC DE became the officers of Infinity. 30DC DE was the accounting acquirer in the transaction and its historical financial statements will be the historical financial statements of 30DC. Infinity’s operations were discontinued and subsequent to the share exchange are accounted for as discontinued operations.
	30DC offers internet marketing services and related training that help Internet companies in operating their businesses. 30DC’s core business units are 30 Day and Immediate. 30 Day, with approximately 100,000 active online participants, offers a free e-commerce training program year round along with an online education subscription service and periodic premium live seminars that are targeted to experienced internet business operators. Immediate is an online educational program subscription service offering high-end Internet marketing instruction and strategies for experienced online commerce practitioners. Other revenue streams include sales of instructional courses and software tools related to internet marketing and from commissions on third party products sold via introduction to the 30DC customer base of active online participants and subscribers which are referred to as affiliate marketing commissions. The Company’s recorded and unrecorded assets consist primarily of property and equipment, goodwill and internally developed intangible property such as domain names, websites, customer lists and copyrights.
	In May of 2012 the Company signed a joint venture agreement (“JV Agreement”) with Netbloo Media, Ltd. (“Netbloo”) for the MagCast Publishing Platform (“MagCast”) which was jointly developed. MagCast provides customers access to a cloud-based service to create an application (“App”) to publish a digital magazine on Apple Corporation’s online marketplace Apple Newsstand and includes executive training modules as well as a three-month trial subscription to the Company’s Immediate Edge subscription product and other bonus products. Under the terms of the JV Agreement the Company was responsible for marketing, sales and administration and Netbloo was responsible for product development. MagCast was launched in May 2012 and a majority of sales were the result of affiliate marketing relationships which result in commission of 50% of gross revenue for those sales to the affiliate responsible for the sale. Pursuant to ASC 808-10 the joint operating activity with Netbloo is considered a collaborative arrangement. The Company was deemed the principal participant and recorded all revenue under the JV Agreement on a gross basis with the 50% of revenue due Netbloo, net of affiliate commissions and other allowable costs, recorded as commission expense.
	In October 2012 the Company reached an agreement for the Company to purchase Netbloo’s 50% interest in the MagCast JV Agreement and Market Pro Max an online marketing platform that allows anyone to create digital products and quickly build a variety of eCommerce marketing websites for a purchase price of 13,487,363 shares of the Company’s common stock. Netbloo received a three year contractor agreement with annual compensation of $300,000 which is payable in monthly installments of $25,000 and may be terminated after two years subject to a six month termination payment. The contractor agreement was effective October 1, 2012 and final documents were signed on December 31, 2012. Please see Note 3 for further details on the acquisition.
	GOING CONCERN
	The condensed consolidated financial statements have been prepared using accounting principles generally accepted in the United States of America applicable for a going concern which assumes that the Company will realize its assets and discharge its liabilities in the ordinary course of business. As of December 31, 2012, the Company had a working capital deficit of approximately $1,770,000 and had accumulated losses of approximately $2,969,000 since its inception. At July 31, 2013 the Company had a working capital deficit of approximately $1,880,000. Subsequent to December 31, 2012 the Company received $105,000 in cash from the sale of 300,000 shares of Strategic Environmental and Energy Resources, Inc. which were included in Assets of Discontinued Operations. The Company’s ability to continue as a going concern is dependent upon its ability to obtain the necessary financing or to earn profits from its business operations to meet its obligations and pay its liabilities arising from normal business operations when they come due. In May 2012, the Company launched MagCast which the Company expects to be an integral part of its businesses on an ongoing basis. MagCast is being sold through an affiliate network which expands the Company’s selling capability and has a broad target market beyond the Company’s traditional customer base. Until the Company achieves sustained profitability it does not have sufficient capital to meet its needs and continues to seek loans or equity placements to cover such cash needs. No commitments to provide additional funds have been made and there can be no assurance that any additional funds will be available to cover expenses as they may be incurred. If the Company is unable to raise additional capital or encounters unforeseen circumstances, it may be required to take additional measures to conserve liquidity, which could include, but not necessarily be limited to, issuance of additional shares of the Company’s stock to settle operating liabilities which would dilute existing shareholders, curtailing its operations, suspending the pursuit of its business plan and controlling overhead expenses. The Company cannot provide any assurance that new financing will be available to it on commercially acceptable terms, if at all. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. These condensed consolidated financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should the Company be unable to continue as a going concern.

2_SUMMARY_OF_SIGNIFICANT_ACCOU

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Dec. 31, 2012
Accounting Policies [Abstract]
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	BASIS OF PRESENTATION
	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) and with instructions to Form-10Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information required by GAAP for a complete set of financial statements. In the opinion of management, all adjustments, (including normal recurring accruals) considered necessary for a fair presentation have been included in the financial statements. Operating results for the interim period are not necessarily indicative of the results that may be expected for the fiscal year ended June 30, 2013 or any other period. In addition, the balance sheet data at June 30, 2012 was derived from the audited financial statements but does not include all disclosures required by GAAP. This Form 10-Q should be read in conjunction with the Audited Financial Statements for the year ended June 30, 2012 included in the Company’s annual report on Form 10-K which was filed on June 3, 2013.
	The Company has determined that the acquisition date for the Netbloo asset acquisition (see Note 3) was October 24, 2012. All operating activity starting October 1, 2012 is included in these financial statements, the Company believes the operating activity for the period October 1 through October 23, 2012 does not have a material impact on these financial statements.
	The unaudited condensed consolidated financial statements include the accounts of 30DC, Inc., (f/k/a Infinity Capital Group, Inc.) and its subsidiary 30DC DE.
	FOREIGN CURRENCY TRANSLATION AND REMEASUREMENT
	The functional currency of the Company’s 30 Day Challenge division switched to the United States dollar from the Australian dollar on July 1, 2012. All other Company operations have and continue to use the United States dollar as their functional currency. For all accounting periods prior to July 1, 2012, the Company followed ASC 830 “Foreign Currency Matters”, under which functional currency assets and liabilities are translated into the reporting currency, US Dollars, using period end rates of exchange and the related translation adjustments are recorded as a separate component of accumulated other comprehensive income. Functional statements of operations amounts expressed in functional currencies are translated using average exchange rates for the respective periods. Re-measurement adjustments and gains or losses resulting from foreign currency transactions are recorded as foreign exchange gains or losses in the Statement of Operations. The historical foreign currency translation loss remains on the Balance Sheet at $(102,858) which was the balance at June 30, 2012.
	NET LOSS PER SHARE
	The Company computes net loss per share in accordance with ASC 260 “Earnings per Share.” Under ASC 260, basic net loss per share is computed by dividing net loss per share available to common stockholders by the weighted average number of shares outstanding for the period and excludes the effects of any potentially dilutive securities. Diluted earnings per share, if presented, would include the dilution that would occur upon the exercise or conversion of all potentially dilutive securities into common stock using the “treasury stock” and/or “if converted” methods as applicable. The computation of basic loss per share excludes potentially dilutive securities consisting of 3,401,522 warrants and 3,600,000 options because their inclusion would be anti-dilutive. In computing net loss per share, warrants with an insignificant exercise price are deemed to be outstanding common stock.
	RECENT ACCOUNTING PRONOUNCEMENTS
	Management does not believe that any recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Company’s financial statements.

3_Acquisition

3. Acquisition	6 Months Ended
	Dec. 31, 2012
Business Combinations [Abstract]
3. Acquisition	In October 2012 the Company reached an agreement for the Company to purchase Netbloo’s 50% interest in the MagCast JV Agreement and Market Pro Max an online marketing platform that allows anyone to create digital products and quickly build a variety of eCommerce marketing websites for a purchase price of 13,487,363 shares of the Company’s common stock. Netbloo received a three year contractor agreement with annual compensation of $300,000 which is payable in monthly installments of $25,000 and may be terminated after two years subject to a six month termination payment. The contractor agreement was effective October 1, 2012 and final documents were signed on December 31, 2012. The Company has determined that control of the acquired assets changed hands on October 24, 2012, in accordance with ASC 805-10-25-6 the 13,487,363 shares were valued using the $0.08 per share closing price on that date for total purchase price consideration of $1,078,989. In accordance with purchase acquisition accounting, the company initially allocated the consideration to the net tangible and identifiable intangible assets, based on their estimated fair values as of the date of acquisition. Goodwill represents the excess of the purchase price over the fair value of the underlying net tangible and identifiable intangible assets.
	The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date. The company has finalized its purchase price allocation.
	Tangible Assets	$ -
	Customer Lists	75,000
	Software	255,000
	Goodwill	748,989
	Total purchase price	$1,078,989

4_PRO_FORMA_FINANCIAL_INFORMAT

4. PRO FORMA FINANCIAL INFORMATION	6 Months Ended
	Dec. 31, 2012
Business Combinations [Abstract]
4. PRO FORMA FINANCIAL INFORMATION	The following unaudited consolidated pro forma information gives effect to the Netbloo asset acquisition (see Note 3) as if this transaction had occurred at the beginning of each period presented. The following unaudited pro forma information is presented for illustration purposes only and is not necessarily indicative of the results that would have been attained had the acquisition of this business been completed at the beginning of each period presented, nor are they indicative of results that may occur in any future periods.
		Six Months Ended December 31, 2012	Six Months Ended December 31, 2011
		(Unaudited)	(Unaudited)
	Revenues	$1,067,917	$929,709
	Operating Expenses	1,354,688	1,187,628
	Other Income (Expense)	8,715	-12,422
	Loss from Continuing Operations	-278,056	-270,341
	Loss from Discontinued Operations	-8,974	-6,169
	Net Loss	-287,030	-276,510
	Foreign Currency Translation Gain	-	23,620
	Comprehensive Loss	($287,030)	($252,890)
	Basic and Diluted Loss Per Share	$         (0.00)	$         (0.00)
	Weighted Average Shares Outstanding – Basic & Diluted	86,881,252	88,007,611
			Three Months Ended December 31, 2011
			(Unaudited)
	Revenues		$514,451
	Operating Expenses		546,271
	Other Expense		-6,021
	Loss from Continuing Operations		-37,841
	Loss from Discontinued Operations		-3,613
	Net Loss		-41,454
	Foreign Currency Translation Loss		-34,495
	Comprehensive Loss		($75,949)
	Basic and Diluted Loss Per Share		$      (0.00)
	Weighted Average Shares Outstanding – Basic & Diluted		88,007,611

5_COLLABORATIVE_ARRANGEMENT

5. COLLABORATIVE ARRANGEMENT	6 Months Ended
	Dec. 31, 2012
Organization, Consolidation and Presentation of Financial Statements [Abstract]
5. COLLABORATIVE ARRANGEMENT	Pursuant to ASC 808-10, prior to the Company’s purchase of Netbloo’s 50% interest in the MagCast JV Agreement (discussed in Note 3) the joint operating activity was considered a collaborative arrangement.
	In May of 2012 the Company signed a joint venture agreement (“JV Agreement”) with Netbloo for the MagCast Publishing Platform (“MagCast”) which was jointly developed. MagCast provides customers access to a cloud-based service to create an application (“App”) to publish a digital magazine on Apple Corporation’s online marketplace Apple Newsstand and includes executive training modules as well as a three-month trial subscription to the Company’s Immediate Edge subscription product and other bonus products. Under the terms of the JV Agreement the Company was responsible for marketing, sales and administration and Netbloo was responsible for product development. MagCast was launched in May 2012 and a majority of sales were the result of affiliate marketing relationships which result in commission of 50% of gross revenue for those sales to the affiliate responsible for the sale. Pursuant to ASC 808-10 the joint operating activity with Netbloo was considered a collaborative arrangement. The Company was deemed the principal participant and recorded all transactions under the JV Agreement on a gross basis with the 50% amount net of affiliate commissions and other allowable costs due Netbloo recorded as commission expense.
	The following revenue and expense amounts from transactions under the JV Agreement are included in the Statement of Operations for the Six months ended December 31, 2012;
	Sales of MagCast Publishing Platform	$76,457
	Affiliate Commission Expense	4,291
	Transaction Fees	5,956
	Independent Contractors	5,449
	Internet Expenses	2,895
	Netbloo Commissions	28,933
	Net Profit	$28,933
	The Company has acquired Netbloo’s 50% share of the MagCast JV (see Note 3), accordingly there is no longer a collaborative arrangement to report on subsequent to September 30, 2012.

6_DISCONTINUED_OPERATIONS

6. DISCONTINUED OPERATIONS	6 Months Ended
	Dec. 31, 2012
Discontinued Operations and Disposal Groups [Abstract]
6. DISCONTINUED OPERATIONS	On September 10, 2010, immediately prior to the share exchange with 30DC DE, Infinity withdrew its election to operate as a Business Development Company (“BDC”) under the Investment Company Act of 1940 (“1940 Act”). Infinity historically operated as a non-diversified, closed-end management investment company and prepared its financial statements as required by the 1940 Act. 30DC is no longer actively operating the BDC and the assets, liabilities and results of operations of Infinity’s former business are shown as discontinued operations in the Company’s financial statements subsequent to the share exchange with 30DC.
	Results of Discontinued Operations for the
			Six Months Ended	Six Months Ended
			31-Dec-12	31-Dec-11
	Revenues		$-	$-
	Operating expenses		8,141	9,919
	Loss from operations		-8,141	-9,919
	Unrealized gain (loss) on marketable securities		-833	3,750
	Net (loss) income		($8,974)	($6,169)
			Three Months Ended	Three Months Ended
			31-Dec-12	31-Dec-11
	Revenues		$-	$-
	Operating expenses		3,957	4,863
	Loss from operations		-3,957	-4,863
	Unrealized gain (loss) on marketable securities		-	1,250
	Net (loss) income		($3,957)	($3,613)
	Assets and Liabilities of Discontinued Operations as of
		31-Dec-12	30-Jun-12
	Assets
	Marketable securities	$94,792	$95,625
	Total assets of discontinued operations	$94,792	$95,625
	Liabilities
	Accounts payable	$94,595	$94,428
	Accrued expenses	63,509	58,138
	Notes payable	124,020	124,770
	Due to related parties	73,563	97,420
	Total liabilities of discontinued operations	$355,687	$374,756
	Notes Payable
	Included in liabilities of discontinued operations at December 31, 2012 and June 30, 2012 are $144,051 and $169,801 respectively (including $20,031 and $45,031 in due to related parties respectively) in notes payable plus related accrued interest of which are all in default for lack of repayment by their due date. For the six months ended December 31, 2012 and December 31, 2011 the Company incurred interest expense on notes payable of $7,013 and $8,700 respectively which is included in the Statement of Operations under income (loss) from discontinued operations.

7_RELATED_PARTY_TRANSACTIONS

7. RELATED PARTY TRANSACTIONS	6 Months Ended
	Dec. 31, 2012
Related Party Transactions [Abstract]
7. RELATED PARTY TRANSACTIONS	The Company entered into three-year Contract For Services Agreements commencing July 2009 (“Commencement Date”) with the Marillion Partnership (“Marillion”) for services which includes Mr. Edward Dale acting as the Company’s Chief Executive Officer, with 23V Industries, Ltd. (“23V”) for services which include Mr. Dan Raine acting as the Company’s Vice President of Business Development and with Jesselton, Ltd. (“Jesselton”) for services which include Mr. Clinton Carey acting as the Company’s Chief Operating Officer. Effective April 1, 2010, Raine Ventures, LLC replaced 23V Industries, Ltd in providing consulting services to the Company which include Mr. Raine acting as the Company’s Vice President of Business Development. These agreements were non-cancelable by either party for the initial two years and then with six months notice by either party for the duration of the contract. Mr. Dale and Mr. Carey are directors of the Company, Mr. Dale and Mr. Raine are both beneficial owners of greater than 10% of the Company’s outstanding common stock. Marillion Partnership is owned by affiliates of Mr. Dale. 23V and Raine Ventures are owned 100% by Mr. Raine. Jesselton voluntarily withdrew from its contract with the Company effective March 1, 2012 and Mr. Carey has continued as a director of the Company. The Marillion and Raine Ventures contracts expired June 30, 2012 and have continued on a month to month basis under the same terms.
	Cash remuneration under the Marillion, 23V and Raine Ventures agreements was initially $250,000 per year and $200,000 under the Jesselton agreement. On December 12, 2011 cash remuneration for the Marillion and Jesselton agreements was amended for the year ended June 30, 2012 to the Australian Dollar equivalent of the originally contracted amounts at the exchange rate on the contract start date of July 15, 2009. The Marillion original annual contract amount of $250,000 was amended to $317,825 AUD Dollars and the Jesselton original annual contract amount of $200,000 was amended to $254,260 AUD. If in any year starting from the Commencement Date, revenues of 30DC, Inc. doubles then a bonus equal to 50% of cash remuneration will be due in shares of 30DC, Inc. as additional compensation. The bonus was not earned in the fiscal year ending June 30, 2012 and nothing has been accrued in the December 31, 2012 financial statements, since the proportionate amount to reach the bonus for the fiscal year ending June 30, 2013 was not earned.
	During the term of the agreements, Marillion, Jesselton and Raine Ventures were prohibited from engaging in any other business activity that competes with 30DC, Inc. without written consent of the 30DC, Inc. Board of Directors.
	In July, 2009 when 30DC acquired 30 Day and Immediate, Messrs. Dale and Carey signed executive services agreements with the Company and Mr. Raine signed a consulting services agreement with the Company. Pursuant to the agreements with Marillion, Jesselton and 23V (effective April 1, 2010 Raine Ventures replaced 23V), the contract for services agreements memorialized the preexisting contractual relationship and formally set the terms and conditions between the parties from July 1, 2009 and all prior understandings and agreements – oral or written were merged therein, including the respective executive services and consulting services agreements. All compensation under the contract for services agreements is identical with the respective executive services and consulting agreements. Where applicable under local law, all payroll and other taxes are the responsibility of Marillion, Jesselton, 23V and Raine Ventures and they have provided the Company with indemnification of such taxes which under the prior contracts may have been a liability of the Company. The parties acknowledged that the effective date of the agreements relates back to the contractual relationship between the parties.
	Beginning July 1, 2011, the Company paid Marillion $2,500 AUD ($2,598 USD at December 31, 2012) per month to cover office related expenses which is included in operating expenses.
	Effective July 15, 2012, the Company entered into a six-month Consulting Services Agreement with GHL Group, Ltd., whose President, Gregory H. Laborde is a Director. Pursuant to the Consulting Services Agreement, GHL Group received 500,000 shares of the Company’s restricted common stock and payments of $3,000 monthly for services including but not limited to evaluation of financial forecasts, assisting in the development of business and financial plans and assisting in the identification of potential acquisitions and financial sources. The 500,000 shares were valued at the $0.09 per share price on July 15, 2012 and $45,000 was recorded as related party contractor fees on that date. The contract expired January 15, 2013 and has continued on a month to month basis under the terms of the expired agreement.
	Effective October 1, 2012, the Company entered into a three year contractor agreement with Netbloo Media, Ltd., joint developer of the MagCast Publishing Platform, with annual compensation of $300,000 which is payable in monthly installments of $25,000 and which may be terminated after two years subject to a six-month termination payment.
	Marillion was awarded a $40,000 bonus upon completion of the asset acquisition of the 50% of the MagCast JV which had been owned by Netbloo and Market Pro Max.
	On October 11, 2012, Henry Pinskier, a Director of the Company received an option to purchase 1,500,000 of the Company’s common shares details of which are in Note 12. During the three and six month periods ending December 31, 2012, the Company recorded $52,050 in expense for the option which is reflected as Directors’ Fees in the supplemental schedule of operating expenses (see Note 12).
	On October 11, 2012, Theodore A. Greenberg, Chief Financial Officer and a Director of the Company received an option to purchase 1,500,000 of the Company’s common shares details of which are in Note 12. During the three and six month periods ending December 31, 2012, the Company recorded $52,050 in expense for the option which is included in Officer’s Salary in the supplemental schedule of operating expenses (see Note 12).
	At June 30, 2012, due to related parties mainly includes $275,317 due to Jesselton, which consists of $167,317 for contractor fees and $108,000 for fees related to the share exchange between 30DC DE and Infinity, $9,815 due to Raine Ventures under its contractor agreement and $321,000 due to Theodore A. Greenberg for compensation.
	At December 31, 2012, due to related parties mainly included $266,721 due to Jesselton, which consists of $158,721 for contractor fees and $108,000 for fees related to the share exchange between 30DC DE and Infinity, $25,000 due to Netbloo under its contractor agreement, $17,977 due to Marillion under its contractor agreement, $5,860 due to Raine Ventures under its contractor agreement and $421,000 due to Theodore A. Greenberg for compensation.

8_PROPERTY_AND_EQUIPMENT

8. PROPERTY AND EQUIPMENT	6 Months Ended
	Dec. 31, 2012
Property, Plant and Equipment [Abstract]
8. PROPERTY AND EQUIPMENT	Property and equipment consists of the following:
		31-Dec-12	30-Jun-12
	Computer and Audio Visual Equipment	$448,417	$437,659
	Office equipment and Improvements	68,859	68,859
		517,276	506,518
	Less accumulated depreciation and amortization	-487,406	-472,418
		$29,870	$34,100
	Depreciation expense was $14,988 for the six months ended December 31, 2012 and $31,957 for the six months ended December 31, 2011. Depreciation expense was $5,807 for the three months ended December 31, 2012 and $14,579 for the three months ended December 31, 2011.
	Effective July 1, 2012, US dollar is the functional currency for the entire Company. Prior to July 1, 2012 property and equipment, net were stated in the functional currency where located and where applicable were translated to the reporting currency of the US Dollar at each period end.  Accordingly, property and equipment, net were subject to change as a result of changes in foreign currency exchange rates.

9_INTANGIBLE_ASSETS

9. INTANGIBLE ASSETS	6 Months Ended
	Dec. 31, 2012
Goodwill and Intangible Assets Disclosure [Abstract]
9. INTANGIBLE ASSETS
	Intangible assets consists of the following:
		31-Dec-12
	Customer Lists	$  75,000
	Software	255,000
		330,000
	Less accumulated amortization	-11,000
		$319,000
	Customer lists and software were acquired as part of the MagCast and Market Pro Max asset acquisitions in October 2012 and are being amortized over their estimated useful lives of five years. Amortization expense was $11,000 for the three and six months ended December 31, 2012 and none for the three and six months ended December 31, 2011.

10_INCOME_TAXES

10. INCOME TAXES	6 Months Ended
	Dec. 31, 2012
Income Tax Disclosure [Abstract]
10. INCOME TAXES	As of June 30, 2012, the Company had net operating loss carryovers for United States income tax purposes of approximately $1,130,600, which begin to expire in 2030. The U.S. net operating loss carryovers may be subject to limitation under Internal Revenue Code Section 382 should there be a greater than 50% change in ownership as determined under the regulations. The Company has filed all U.S. federal tax returns and has filed state and local tax returns due since the share transaction. The Company is in the process of filing State and local tax returns for Infinity from 2005-2009. The Company believes no material tax balance is due for all tax returns which have not yet been filed. The Company has not provided a tax benefit for the six months ended December 31, 2012 and December 31, 2011 as it is not more likely than not that such benefit will be realized. All unfiled income tax returns are subject to income tax examination by tax authorities and the statute of limitations for tax examinations does not begin to run until returns are filed. Filed tax returns are subject to examination beginning with the period ended December 31, 2009.
	As a corporation formed in the United States, the Company is subject to the United States corporation income tax on worldwide income. Since majority ownership of the Company’s shares are held by Australian residents, the Company is deemed to be an Australian resident corporation and is subject to Australian corporate income tax on worldwide net income which for Infinity was from the time of the share exchange discussed in Note 1. Corporate income taxes paid to Australia will generally be available as a credit against United States corporation income tax. Prior to the share exchange with Infinity, the Company did not have nexus to any individual state in the United States and accordingly no deferred tax provision has been recognized for state taxes. Australia does not have any state corporation income tax. Future changes in Company operations might impact the geographic mix which could affect the Company’s overall effective tax rate.
	The Company applies the provisions of ASC 740 “Income Taxes”, which provides clarification related to the process associated with accounting for uncertain tax positions recognized in the interim financial statements. ASC 740 prescribes a more likely than not threshold for financial statement recognition and measurement of a tax position taken, or expected to be taken, in a tax return. ASC 740 also provides guidance related to, amongst other things, classification, accounting for interest and penalties associated with tax positions, and disclosure requirements.
	The Company classifies interest and penalties, if any, related to tax uncertainties as income tax expense. There have not been any material changes in our liability for unrecognized tax benefits, including interest and penalties, during the six months ended December 31, 2012. The Company does not currently anticipate that the total amount of unrecognized tax benefits will significantly increase or decrease within the next twelve months.

11_STOCKHOLDERS_EQUITY

11. STOCKHOLDERS EQUITY	6 Months Ended
	Dec. 31, 2012
Equity [Abstract]
11. STOCKHOLDERSb EQUITY	Common Stock
	During the six months ended December 31, 2012, the Company issued common stock as follows:
	500,000 shares with a fair value of $45,000 of common stock to GHL Group, Ltd. for consulting services detailed in Note 7,
	15,385 shares of common stock to a consultant as partial payment for services for $2,000,
	13,487,363 shares with a fair value of $1,078,989 of common stock to Netbloo Media, Ltd. as consideration for purchase of 50% of the MagCast JV and Market Pro Max.
	No common stock was issued during the six months ended December 31, 2011.
	Warrants and Options
	At June 30, 2012, the Company had 600,000 fully vested options outstanding as follows:
	404,000 options exercisable at 80 cents per share expiring August 7, 2018, 156,000 of these options are held by Pierce McNally a director of the Company,
	196,000 options exercisable at 50 cents per share expiring January 5, 2019, 36,500 of these options are held by Pierce McNally a director of the Company,
	The balance of these options were held by a former employee and former directors of Infinity.
	161,163 warrants (net of forfeitures) are due to Imperial Consulting Network under an agreement signed in June 2010 at an exercise price of $0.0001 per share. Such warrants are yet to be issued.
	Pursuant to a private placement memorandum ("PPM") issued in August 2010 the Company offered units consisting of one share of common stock, one warrant at 37 cents per share exercisable until March 15, 2011 (“37-Cent Warrant”) and one warrant at 50 cents per share exercisable five years from the date of issuance (“50-Cent Warrant”) for a price of 26 cents per unit. A first closing was held on September 22, 2010 under which 2,554,205 37-Cent Warrants were issued along with 2,554,205 50-Cent Warrants expiring September 22, 2015. From November 2010 through March 2011, an additional 847,317 37-Cent Warrants were issued and 847,317 50-Cent Warrants were issued. All of the 37-Cent Warrants expired March 15, 2011 unexercised.
	On October 11, 2012, the Company’s board of directors approved the Company’s 2012 stock option plan (see Note 12) and grants of 3,000,000 options to purchase the Company’s common stock with an exercise price of $0.08 per share expiring on October 10, 2022. 1,500,000 of these options were granted to Theodore A. Greenberg, the Company’s Chief Financial Officer and a Director of the Company and 1,500,000 of these options were granted to Henry Pinskier who joined the Company as a Director in October 2012.

12_STOCK_BASED_COMPENSATION_PL

12. STOCK BASED COMPENSATION PLANS	6 Months Ended
	Dec. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
12. STOCK BASED COMPENSATION PLANS	The Company follows FASB Accounting Standards Codification No. 718 – Compensation – Stock Compensation for share based payments to employees. The Company follows FASB Accounting Standards Codification No. 505 for share based payments to Non-Employees.
	The Company recognized expense in the amount of $104,100 for the six months ended December 31, 2012. 3,000,000 options were granted in the period of which 1,000,000 vested January 1, 2013, 1,000,000 vest January 1, 2014 and 1,000,000 vest on January 1, 2015. The cost of options vesting January 1, 2013 was recorded in the period and the cost of options vesting in the future is being recorded on a straight-line basis over the vesting period. There was no impact on the Company's cash flow.
	The Company’s stock incentive plan is the 30DC, Inc. 2012 Stock Option and Award Plan (the “Plan”).  The Plan provides for the grant of non-qualified stock options to selected employees and directors. The Plan is administered by the Board and authorizes the grant of options 7,500,000. The Board determines which eligible individuals are to receive options or other awards under the Plan, the terms and conditions of those awards, the applicable vesting schedule, the option price and term for any granted options, and all other terms and conditions governing the option grants and other awards made under the Plans.
	The fair value of each option award was estimated on the date of grant using the Black-Scholes option valuation model using the assumptions noted as follows: expected volatility was based on historical trading in the company’s stock from the September 10, 2010 date of the Infinity/30DC transaction through the October 11, 2012 date the options were issued. The expected term of options granted was determined using the simplified method under SAB 107 and represents one-half the exercise period. The risk-free rate is calculated using the U.S. Treasury yield curve, and is based on the expected term of the option. The Company has estimated there will be no forfeitures.
	During the six months ended December 31, 2012, Henry Pinskier, a Director of the Company was issued an option exercisable for 1,500,000 shares of the Company's common stock and Theodore A. Greenberg, the Company's Chief Financial Officer and a Director, was issued an option exercisable for 1,500,000 shares of the Company's common stock. The Black-Scholes option pricing model was used with the following weighted-average assumptions for options granted during the six months ended December 31, 2012:
	Risk-free interest rate	0.67-0.88	%
	Expected option life	5.1-6.1 years
	Expected volatility	526.82-576.16	%
	Expected dividend yield	0	%
	Further information relating to stock options is as follows:
								Weighted
					Weighted			Average
			Number		Average			Remaining
			of		Exercise			Contract
			Shares		Price			Life (years)
	Outstanding options at 06/30/12			600,000			0.7		6.22
	Granted			3,000,000			0.08		9.75
	Exercised			-			-		-
	Forfeited/expired			-			-		-
	Outstanding options at 12/31/12			3,600,000		$	0.18		9.08
	Exercisable on 12/31/12			600,000			0.7		5.72
	The options have a contractual term of ten years. The aggregate intrinsic value of shares outstanding and exercisable was $0 at December 31, 2012. Total intrinsic value of options exercised was $0 for the six months ended December 31, 2012 as no options were exercised during this period.
	At December 31, 2012, shares available for future stock option grants to employees and directors under the 2012 Stock Option Plan were 4,500,000.

13_SUPPLEMENTAL_SCHEDULE_OF_OP

13. SUPPLEMENTAL SCHEDULE OF OPERATING EXPENSES	6 Months Ended
	Dec. 31, 2012
Notes to Financial Statements
13. SUPPLEMENTAL SCHEDULE OF OPERATING EXPENSES			Six Months Ended December 31, 2012	Six Months Ended December 31, 2011
	Related Party Contractor Fees (1)		$470,899	$420,342
	Officer’s Salary		152,050	100,000
	Directors’ Fees		52,050	-
	Independent Contractors		193,096	211,322
	Commission Expense		119,147	41,141
	Professional Fees		95,441	208,929
	Travel Expenses		22,361	20,264
	Telephone and Data Lines		52,204	56,143
	Other Operating Costs		127,888	129,069
	Total Operating Expenses		$1,285,136	$1,187,210
		-1	Related party contractors include Marillion which provides services to the Company including for Edward Dale to act as Chief Executive Officer of the Company, Raine Ventures which provides services to the Company including for Dan Raine to act as Vice President for Business Development, GHL Group, Ltd., whose President, Gregory H. Laborde is a Director, Netbloo which was the joint developer of the MagCast Publishing Platform and through March 1, 2012 included Jesselton, Ltd. which provided services to the Company including Clinton Carey serving as Chief Operating Officer of the Company.
			Three Months Ended December 31, 2012	Three Months Ended December 31, 2011
	Related Party Contractor Fees (1)		$270,202	$207,290
	Officer’s Salary		102,050	50,000
	Directors’ Fees		52,050	-
	Independent Contractors		108,544	96,963
	Commission Expense		91,601	27,219
	Professional Fees		66,332	72,153
	Travel Expenses		10,064	10,828
	Telephone and Data Lines		24,647	21,599
	Other Operating Costs		68,759	59,801
	Total Operating Expenses		$794,249	$545,853
		-1	Related party contractors include Marillion which provides services to the Company including for Edward Dale to act as Chief Executive Officer of the Company, Raine Ventures which provides services to the Company including for Dan Raine to act as Vice President for Business Development, GHL Group, Ltd., whose President, Gregory H. Laborde is a Director, Netbloo which was the joint developer of the MagCast Publishing Platform and through March 1, 2012 included Jesselton, Ltd. which provided services to the Company including Clinton Carey serving as Chief Operating Officer of the Company.

14_SUBSEQUENT_EVENTS

14. SUBSEQUENT EVENTS	6 Months Ended
	Dec. 31, 2012
Subsequent Events [Abstract]
14. SUBSEQUENT EVENTS	On June 26, 2013, the Company issued 55,770 shares to Michael A. Littman as payment for $14,500 included in accounts payable. On September 9, 2013, the Company issued an additional 300,000 shares to Mr. Littman as payment for $78,000 included in accounts payable. Mr. Littman is an attorney who has provided services to the Company and who provided services to Infinity prior to the share exchange.
	On September 24, 2013, the Company issued 26,525 shares to a creditor as full payment for a note payable and accrued interest totaling $6,896.
	Management has evaluated subsequent events to determine if events or transactions occurring through the date on which the financial statements were available to be issued, require potential adjustment to or disclosure in the Company’s financial statements.

2_SUMMARY_OF_SIGNIFICANT_ACCOU1

2. SUMMARY OF SIGNIFICANT ACCOUTING POLICIES (Policies)	6 Months Ended
	Dec. 31, 2012
Notes to Financial Statements
BASIS OF PRESENTATION	BASIS OF PRESENTATION
	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) and with instructions to Form-10Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information required by GAAP for a complete set of financial statements. In the opinion of management, all adjustments, (including normal recurring accruals) considered necessary for a fair presentation have been included in the financial statements. Operating results for the interim period are not necessarily indicative of the results that may be expected for the fiscal year ended June 30, 2013 or any other period. In addition, the balance sheet data at June 30, 2012 was derived from the audited financial statements but does not include all disclosures required by GAAP. This Form 10-Q should be read in conjunction with the Audited Financial Statements for the year ended June 30, 2012 included in the Company’s annual report on Form 10-K which was filed on June 3, 2013.
	The Company has determined that the acquisition date for the Netbloo asset acquisition (see Note 3) was October 24, 2012. All operating activity starting October 1, 2012 is included in these financial statements, the Company believes the operating activity for the period October 1 through October 23, 2012 does not have a material impact on these financial statements.
	The unaudited condensed consolidated financial statements include the accounts of 30DC, Inc., (f/k/a Infinity Capital Group, Inc.) and its subsidiary 30DC DE.
FOREIGN CURRENCY TRANSLATION AND REMEASUREMENT	FOREIGN CURRENCY TRANSLATION AND REMEASUREMENT
	The functional currency of the Company’s 30 Day Challenge division switched to the United States dollar from the Australian dollar on July 1, 2012. All other Company operations have and continue to use the United States dollar as their functional currency. For all accounting periods prior to July 1, 2012, the Company followed ASC 830 “Foreign Currency Matters”, under which functional currency assets and liabilities are translated into the reporting currency, US Dollars, using period end rates of exchange and the related translation adjustments are recorded as a separate component of accumulated other comprehensive income. Functional statements of operations amounts expressed in functional currencies are translated using average exchange rates for the respective periods. Re-measurement adjustments and gains or losses resulting from foreign currency transactions are recorded as foreign exchange gains or losses in the Statement of Operations. The historical foreign currency translation loss remains on the Balance Sheet at $(102,858) which was the balance at June 30, 2012.
NET LOSS PER SHARE	NET LOSS PER SHARE
	The Company computes net loss per share in accordance with ASC 260 “Earnings per Share.” Under ASC 260, basic net loss per share is computed by dividing net loss per share available to common stockholders by the weighted average number of shares outstanding for the period and excludes the effects of any potentially dilutive securities. Diluted earnings per share, if presented, would include the dilution that would occur upon the exercise or conversion of all potentially dilutive securities into common stock using the “treasury stock” and/or “if converted” methods as applicable. The computation of basic loss per share excludes potentially dilutive securities consisting of 3,401,522 warrants and 3,600,000 options because their inclusion would be anti-dilutive. In computing net loss per share, warrants with an insignificant exercise price are deemed to be outstanding common stock.
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS
	Management does not believe that any recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Company’s financial statements.

3_Acquisition_Tables

3. Acquisition (Tables)	6 Months Ended
	Dec. 31, 2012
Business Combinations [Abstract]
Purchase price allocation	Tangible Assets	$ -
	Customer Lists	75,000
	Software	255,000
	Goodwill	748,989
	Total purchase price	$1,078,989

4_PRO_FORMA_FINANCIAL_INFORMAT1

4. PRO FORMA FINANCIAL INFORMATION (Tables)	6 Months Ended
	Dec. 31, 2012
Business Combinations [Abstract]
Schedule of pro forma financial data		Six Months Ended December 31, 2012	Six Months Ended December 31, 2011
		(Unaudited)	(Unaudited)
	Revenues	$1,067,917	$929,709
	Operating Expenses	1,354,688	1,187,628
	Other Income (Expense)	8,715	-12,422
	Loss from Continuing Operations	-278,056	-270,341
	Loss from Discontinued Operations	-8,974	-6,169
	Net Loss	-287,030	-276,510
	Foreign Currency Translation Gain	-	23,620
	Comprehensive Loss	($287,030)	($252,890)
	Basic and Diluted Loss Per Share	$         (0.00)	$         (0.00)
	Weighted Average Shares Outstanding – Basic & Diluted	86,881,252	88,007,611
			Three Months Ended December 31, 2011
			(Unaudited)
	Revenues		$514,451
	Operating Expenses		546,271
	Other Expense		-6,021
	Loss from Continuing Operations		-37,841
	Loss from Discontinued Operations		-3,613
	Net Loss		-41,454
	Foreign Currency Translation Loss		-34,495
	Comprehensive Loss		($75,949)
	Basic and Diluted Loss Per Share		$      (0.00)
	Weighted Average Shares Outstanding – Basic & Diluted		88,007,611

5_COLLABORATIVE_ARRANGEMENT_Ta

5. COLLABORATIVE ARRANGEMENT (Tables)	6 Months Ended
	Dec. 31, 2012
Collaborative Arrangement Tables
Joint venture transactions
	Sales of MagCast Publishing Platform	$76,457
	Affiliate Commission Expense	4,291
	Transaction Fees	5,956
	Independent Contractors	5,449
	Internet Expenses	2,895
	Netbloo Commissions	28,933
	Net Profit	$28,933

6_DISCONTINUED_OPERATIONS_Tabl

6. DISCONTINUED OPERATIONS (Tables)	6 Months Ended
	Dec. 31, 2012
Discontinued Operations and Disposal Groups [Abstract]
Results of Discontinued Operations	Results of Discontinued Operations for the
			Six Months Ended	Six Months Ended
			31-Dec-12	31-Dec-11
	Revenues		$-	$-
	Operating expenses		8,141	9,919
	Loss from operations		-8,141	-9,919
	Unrealized gain (loss) on marketable securities		-833	3,750
	Net (loss) income		($8,974)	($6,169)
			Three Months Ended	Three Months Ended
			31-Dec-12	31-Dec-11
	Revenues		$-	$-
	Operating expenses		3,957	4,863
	Loss from operations		-3,957	-4,863
	Unrealized gain (loss) on marketable securities		-	1,250
	Net (loss) income		($3,957)	($3,613)
	Assets and Liabilities of Discontinued Operations as of
		31-Dec-12	30-Jun-12
	Assets
	Marketable securities	$94,792	$95,625
	Total assets of discontinued operations	$94,792	$95,625
	Liabilities
	Accounts payable	$94,595	$94,428
	Accrued expenses	63,509	58,138
	Notes payable	124,020	124,770
	Due to related parties	73,563	97,420
	Total liabilities of discontinued operations	$355,687	$374,756

8_PROPERTY_AND_EQUIPMENT_Table

8. PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
	Dec. 31, 2012
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT		31-Dec-12	30-Jun-12
	Computer and Audio Visual Equipment	$448,417	$437,659
	Office equipment and Improvements	68,859	68,859
		517,276	506,518
	Less accumulated depreciation and amortization	-487,406	-472,418
		$29,870	$34,100

9_INTANGIBLE_ASSETS_Tables

9. INTANGIBLE ASSETS (Tables)	6 Months Ended
	Dec. 31, 2012
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible assets
	Intangible assets consists of the following:
		31-Dec-12
	Customer Lists	$  75,000
	Software	255,000
		330,000
	Less accumulated amortization	-11,000
		$319,000

12_STOCK_BASED_COMPENSATION_PL1

12. STOCK BASED COMPENSATION PLANS (Tables)	6 Months Ended
	Dec. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Assumptions for option valuation	Risk-free interest rate	0.67-0.88	%
	Expected option life	5.1-6.1 years
	Expected volatility	526.82-576.16	%
	Expected dividend yield	0	%
Option activity								Weighted
					Weighted			Average
			Number		Average			Remaining
			of		Exercise			Contract
			Shares		Price			Life (years)
	Outstanding options at 06/30/12			600,000			0.7		6.22
	Granted			3,000,000			0.08		9.75
	Exercised			-			-		-
	Forfeited/expired			-			-		-
	Outstanding options at 12/31/12			3,600,000		$	0.18		9.08
	Exercisable on 12/31/12			600,000			0.7		5.72

13_SUPPLEMENTAL_SCHEDULE_OF_OP1

13. SUPPLEMENTAL SCHEDULE OF OPERATING EXPENSES (Tables)	6 Months Ended
	Dec. 31, 2012
Notes to Financial Statements
SCHEDULE OF OPERATING EXPENSES			Six Months Ended December 31, 2012	Six Months Ended December 31, 2011
	Related Party Contractor Fees (1)		$470,899	$420,342
	Officer’s Salary		152,050	100,000
	Directors’ Fees		52,050	-
	Independent Contractors		193,096	211,322
	Commission Expense		119,147	41,141
	Professional Fees		95,441	208,929
	Travel Expenses		22,361	20,264
	Telephone and Data Lines		52,204	56,143
	Other Operating Costs		127,888	129,069
	Total Operating Expenses		$1,285,136	$1,187,210
		-1	Related party contractors include Marillion which provides services to the Company including for Edward Dale to act as Chief Executive Officer of the Company, Raine Ventures which provides services to the Company including for Dan Raine to act as Vice President for Business Development, GHL Group, Ltd., whose President, Gregory H. Laborde is a Director, Netbloo which was the joint developer of the MagCast Publishing Platform and through March 1, 2012 included Jesselton, Ltd. which provided services to the Company including Clinton Carey serving as Chief Operating Officer of the Company.
			Three Months Ended December 31, 2012	Three Months Ended December 31, 2011
	Related Party Contractor Fees (1)		$270,202	$207,290
	Officer’s Salary		102,050	50,000
	Directors’ Fees		52,050	-
	Independent Contractors		108,544	96,963
	Commission Expense		91,601	27,219
	Professional Fees		66,332	72,153
	Travel Expenses		10,064	10,828
	Telephone and Data Lines		24,647	21,599
	Other Operating Costs		68,759	59,801
	Total Operating Expenses		$794,249	$545,853

1_DESCRIPTION_OF_BUSINESS_BASI1

1. DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND LIQUIDITY (Details Narrative) (USD $)	Dec. 31, 2012	Jun. 30, 2012
Description Of Business Basis Of Presentation And Liquidity Details Narrative
Working capital deficit	($1,770,000)
Accumulated losses	($2,968,986)	($2,735,750)

3_Acquisition_Details

3. Acquisition (Details) (USD $)	6 Months Ended
	Dec. 31, 2012
Business Combinations [Abstract]
Customer Lists	$75,000
Software	255,000
Goodwill	748,989
Total purchase price	$1,078,989

4_PRO_FORMA_FINANCIAL_INFORMAT2

4. PRO FORMA FINANCIAL INFORMATION (Details) (USD $)	3 Months Ended	6 Months Ended
	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
Business Combinations [Abstract]
Revenues	$514,451	$1,067,917	$929,709
Operating Expenses	546,271	1,354,688	1,187,628
Other Income (Expense)	-6,021	8,715	-12,422
Loss from Continuing Operations	-37,841	-278,056	-270,341
Loss from Discontinued Operations	-3,613	-8,974	-6,169
Net Loss	-41,454	-287,030	-276,510
Foreign Currency Translation Gain	-34,495	0	23,620
Comprehensive Loss	($75,949)	($287,030)	($252,890)
Basic Loss Per Share	$0	$0	$0
Diluted Loss Per Share	$0	$0	$0
Weighted Average Shares Outstanding b Basic	88,007,611	86,881,252	88,007,611
Weighted Average Shares Outstanding bDiluted	88,007,611	86,881,252	88,007,611

5_COLLABORATIVE_ARRANGEMENT_De

5. COLLABORATIVE ARRANGEMENT (Details) (USD $)	6 Months Ended
	Dec. 31, 2012
Collaborative Arrangement Tables
Sales of MagCast Publishing Platform	$76,457
Affiliate Commission Expense	4,291
Transaction Fees	5,956
Independent Contractors	5,449
Internet Expenses	2,895
Netbloo Commissions	28,933
Net Profit	$28,933

6_DISCONTINUED_OPERATIONS_Deta

6. DISCONTINUED OPERATIONS (Details) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
Discontinued Operations and Disposal Groups [Abstract]
Revenues	$0	$0	$0	$0
Operating expenses	3,957	4,863	8,141	9,919
Loss from operations	-3,957	-4,863	-8,141	-9,919
Unrealized gain (loss) on marketable securities	0	1,250	-833	3,750
Net (loss) income	-3,957	-3,613	-8,974	-6,169
Assets
Marketable securities	94,792	95,625	94,792	95,625
Total assets of discontinued operations	94,792	95,625	94,792	95,625
Liabilities
Accounts payable	94,595	94,428	94,595	94,428
Accrued expenses	63,509	58,138	63,509	58,138
Notes payable	124,020	124,770	124,020	124,770
Due to related parties	73,563	97,420	73,563	97,420
Total liabilities of discontinued operations	$355,687	$374,756	$355,687	$374,756

6_DISCONTINUED_OPERATIONS_Deta1

6. DISCONTINUED OPERATIONS (Details Narrative) (USD $)	6 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Jun. 30, 2012
Discontinued Operations Details Narrative
Notes payable plus accrued interest	$144,051		$169,801
Notes payable due to related parties	20,031		45,031
Interest expense on notes payable	$7,013	$8,700

8_PROPERTY_AND_EQUIPMENT_Detai

8. PROPERTY AND EQUIPMENT (Details) (USD $)	Dec. 31, 2012	Jun. 30, 2012
Property, Plant and Equipment [Abstract]
Computer and Audio Visual Equipment	$448,417	$437,659
Office equipment and Improvements	68,859	68,859
Gross	517,276	506,518
Less accumulated depreciation and amortization	-487,406	-472,418
Net	$29,870	$34,100

9_INTANGIBLE_ASSETS_Details

9. INTANGIBLE ASSETS (Details) (USD $)	Dec. 31, 2012
Goodwill and Intangible Assets Disclosure [Abstract]
Customer Lists	$75,000
Software	255,000
Gross	330,000
Less accumulated amortization	-11,000
Net	$319,000

12_STOCK_BASED_COMPENSATION_PL2

12. STOCK BASED COMPENSATION PLANS (Details)	6 Months Ended
	Dec. 31, 2012
Risk-free interest rate, minimum	67.00%
Risk-free interest rate, maximum	88.00%
Expected volatility, minimum	526.82%
Expected volatility, maximum	576.16%
Expected dividend yield	0.00%
Minimum
Expected option life	5 years 1 month 6 days
Maximum
Expected option life	6 years 1 month 6 days

12_STOCK_BASED_COMPENSATION_PL3

12. STOCK BASED COMPENSATION PLANS (Details 1) (USD $)	6 Months Ended
	Dec. 31, 2012
Stock Based Compensation Plans Details 1
Number of Options Outstanding, Beginning	600,000
Number of Options Granted	3,000,000
Number of Options Exercised
Number of Options Forfeited
Number of Options Outstanding, Ending	3,600,000
Number of Options Exercisable	600,000
Weighted Average Exercise Price Outstanding, Beginning	$0.70
Weighted Average Exercise Price Granted	$0.08
Weighted Average Exercise Price Exercised
Weighted Average Exercise Price Expired
Weighted Average Exercise Price Outstanding, Ending	$0.18
Weighted Average Exercise Price Exercisable	$0.70
Weighted Average Remaining Contractual Life Outstanding	6.22 years at the beginning of the period, 9.08 years at the end of the period
Granted	9 years 9 months
Weighted Average Remaining Contractual Life Exercisable	5 years 8 months 19 days

13_SUPPLEMENTAL_SCHEDULE_OF_OP2

13. SUPPLEMENTAL SCHEDULE OF OPERATING EXPENSES (Details) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
Notes to Financial Statements
Related Party Contractor Fees Base Compensation (1)	$270,202	$207,290	$470,899	$420,342
Officerbs Salary	102,050	50,000	152,050	100,000
Directorsb Fees	52,050	0	52,050	0
Independent Contractors	108,544	96,963	193,096	211,322
Commission Expense	91,601	27,219	119,147	41,141
Professional Fees	66,332	72,153	95,441	208,929
Travel Expenses	10,064	10,828	22,361	20,264
Telephone and Data Lines	24,647	21,599	52,204	56,143
Other Operating Costs	68,759	59,801	127,888	129,069
Total Operating Expenses	$794,249	$545,853	$1,285,136	$1,187,210