eCareer Inactive 10-Q15 May 142014 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
Document and Entity Information	Mar. 31, 2014	7-May-14
Document and Entity Information:	'	'
Entity Registrant Name	'eCareer Holdings, Inc.	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Amendment Flag	'false	'
Entity Central Index Key	'0001332572	'
Current Fiscal Year End Date	'--06-30	'
Entity Common Stock, Shares Outstanding	'	13,019,377
Entity Filer Category	'Smaller Reporting Company	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Well-known Seasoned Issuer	'No	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2014	Jun. 30, 2013
Current assets	'	'
Cash and cash equivalents	$9,599	$214,483
Prepaid expenses and other current assets	24,245	189,289
Total current assets	33,844	403,772
Property and equipment, net	237,128	271,321
Other assets	'	'
Intangible assets	439,776	440,749
Total assets	710,748	1,115,842
Current liabilities	'	'
Accounts payable and accrued liabilities	584,235	421,688
Loan Payable - shareholder	156,782	'
Loans payable	541,000	'
Total current liabilities	1,282,017	421,688
Commitments and contingencies	'	'
Stockholders' equity	'	'
Series A Preferred stock, $0.001 par value, 1,000,000 shares authorized, 25,013 shares issued and outstanding	25	25
Series B Preferred stock, $0.001 par value, 1,000,000 shares authorized, 323,036 and 0 shares issued and outstanding, respectively	322	'
Common stock, $0.001 par value, 50,000,000 shares authorized, 11,183,852 and 364,006 shares issued and 11,183,484 and 363,117 shares outstanding, respectively	11,183	362
Additional paid-in capital	11,058,620	6,505,602
Deficit accumulated during the development stage	-11,626,797	-5,854,847
Subscription receivable	-15,001	'
Non-controlling interest	379	43,012
Total stockholders' equity (deficit)	-571,269	694,154
Total liabilities and stockholders' equity	$710,748	$1,115,842

BALANCE_SHEETS_PARENTHETICALS

BALANCE SHEETS PARENTHETICALS (USD $)	Mar. 31, 2014	Jun. 30, 2013
Parentheticals	'	'
Common Stock, par value	$0.00	$0.00
Common Stock, shares authorized	50,000,000	50,000,000
Common Stock, shares issued	11,183,852	364,006
Common Stock, shares outstanding	11,183,484	363,117
Series A Preferred Stock, par value	$0.00	$0.00
Series A Preferred Stock, shares authorized	1,000,000	1,000,000
Series A Preferred Stock, shares issued	25,013	25,013
Series A Preferred Stock, shares outstanding	25,013	25,013
Series B Preferred Stock, par value	$0.00	$0.00
Series B Preferred Stock, shares authorized	1,000,000	1,000,000
Series B Preferred Stock, shares issued	323,036	0
Series B Preferred Stock, shares outstanding	323,036	0

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (USD $)	3 Months Ended		9 Months Ended		54 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014
Income	'	'	'	'	'
Revenue	$22,849	$2,132	$53,531	$2,132	$62,623
Operating expenses	'	'	'	'	'
Advertising and marketing	59,494	168,329	491,098	303,704	1,146,369
Salaries and benefits	422,580	282,109	1,062,031	694,226	2,703,445
Professional and consulting fees	116,515	494,821	680,726	1,117,722	3,563,514
General and administrative	206,154	156,311	533,130	352,014	1,267,033
General and administrative expenses - related parties	'	'	'	'	142,900
Total operating expenses	804,743	1,101,570	2,766,985	2,467,666	8,823,261
Loss from operations	-781,894	-1,099,438	-2,713,454	-2,465,534	-8,760,638
Interest Income (Expense), Net	-62,968	'	-77,221	'	-61,245
Loss on sale of available-for-sale marketable securities	'	'	'	'	-23,702
Net loss	-844,862	-1,099,438	-2,790,675	-2,465,534	-8,845,585
Less: Net loss attributable to non-controlling interest	12,044	'	42,633	'	242,697
Net loss attributable to eCareer Holdings, Inc.	($832,818)	($1,099,438)	($2,748,042)	($2,465,534)	($8,602,888)
Net loss per share - basic and fully diluted	($0.08)	($3.11)	($0.35)	($7.77)	($5.24)
Weighted average number of common shares outstanding during the period - basic and fully diluted	10,374,962	353,011	7,881,251	317,438	1,640,215

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (USD $)	Preferred Stock A Shares	Preferred Stock A Amount	Preferred Stock B Shares	Preferred Stock B Amount	Common Stock Shares	Common Stock Amount	Additional Paid-in Capital	Deficit Accumulated During the Development Stage	Subscriptions Receivable	Non- controlling Interest	Total
	USD ($)	USD ($)	Preferred Stock B Shares	Preferred Stock B Amount	USD ($)	USD ($)	USD ($)	USD ($)	USD ($)	USD ($)	USD ($)
Balance at Oct. 13, 2009	'	0	'	'	'	'	'	'	'	'	'
Issuance of common stock for services - founders shares ($0.048/share - post reverse split)	'	'	'	'	89,112	89	4,186	'	'	'	4,275
Net loss - October 13, 2009 (Inception) to June 30, 2010	'	'	'	'	'	'	'	($4,407)	'	'	($4,407)
Balance at Jun. 30, 2010	'	'	'	'	89,112	89	4,186	-4,407	'	'	-132
Issuance of common stock for cash and subscriptions receivable ($24 - $48/share - post reverse split)	'	'	'	'	3,431	3	102,098	'	-2,500	'	99,601
Direct offering costs	'	'	'	'	'	'	-26,803	'	'	'	-26,803
Net loss - 2011	'	'	'	'	'	'	'	-227,087	'	'	-227,087
Balance at Jun. 30, 2011	'	'	'	'	92,543	92	79,481	-231,494	-2,500	'	-154,421
Receipt of cash for subscriptions receivable	'	'	'	'	'	'	'	'	2,500	'	2,500
Issuance of common stock for cash and subscriptions receivable ($12 - $48/share - post reverse split)	'	'	'	'	180,383	180	3,817,525	'	-354,000	'	3,463,705
Direct offering costs	'	'	'	'	'	'	-502,119	'	'	'	-502,119
Issuance of series A preferred stock for services ($0.716/share) - related party	100,000	100	'	'	'	'	71,500	'	'	'	71,600
Issuance of common stock for services ($14 - $36/share - post reverse split)	'	'	'	'	7,765	8	248,640	'	'	'	248,648
Issuance of common stock for direct offering costs ($31/share - post reverse split)	'	'	'	'	3,127	3	-3	'	'	'	'
Net loss - 2012	'	'	'	'	'	'	'	-1,960,194	'	'	-1,960,194
Balance at Jun. 30, 2012	100,000	100	'	'	283,818	283	3,715,024	-2,191,688	-354,000	'	1,169,719
Receipt of cash for subscriptions receivable	'	'	'	'	'	'	'	'	892,800	'	892,800
Issuance of common stock for cash and subscriptions receivable ($24 - $48/share - post reverse split)	'	'	'	'	40,601	41	1,286,509	'	-50,300	'	1,236,250
Issuance of common stock and warrants for cash and subscriptions receivable ($48/unit - post reverse split)	'	'	'	'	55,757	56	2,079,821	'	-666,000	'	1,413,877
Direct offering costs	'	'	'	'	'	'	-435,041	'	'	'	-435,041
Issuance of common stock for services ($0.138/share)	'	'	'	'	1,107	1	37,020	'	'	'	37,021
Net loss - July 1, 2012 to April 11, 2013	'	'	'	'	'	'	'	-2,736,880	'	-2,736,880	'
Segregation of non-controlling interest in subsidiary on reverse capitalization	'	'	'	'	-57,878	-58	-243,018	'	'	243,076	'
Issuance of common stock in reverse recapitalization	'	'	'	'	39,451	39	-459,531	'	177,500	'	-281,992
Exchange of subsidiary preferred stock for ECHI preferred stock	-74,987	-75	'	'	'	'	75	'	'	'	'
Direct offering costs	'	'	'	'	'	'	-83,776	'	'	'	-83,776
Issuance of subsidiary common stock for cash and subscriptions receivable ($24 - $48/share - post reverse split)	'	'	'	'	'	'	8,000	'	'	'	8,000
Issuance of subsidiary common stock and warrants for cash and subscriptions receivable ($48/unit - post reverse split)	'	'	'	'	'	'	449,500	'	'	'	449,500
Receipt of cash for subsidiary's subscriptions receivable	'	'	'	'	'	'	145,500	'	'	'	145,500
Issuance of common stock for services ($16 - $36/share - post reverse split)	'	'	'	'	261	'	1,665	'	'	'	1,665
Issuance of subsidiary common stock for services ($25 to $35/share - post reverse split)	'	'	'	'	'	'	3,854	'	'	'	3,854
Net loss - April 12, 2013 to June 30, 2013	'	'	'	'	'	'	'	-926,279	'	-200,064	-1,126,343
Balance at Jun. 30, 2013	25,013	25	'	'	363,117	362	6,505,602	-5,854,847	'	43,012	694,154
Direct offering costs	'	'	'	'	'	'	-211,143	'	'	'	-211,143
Issuance of common stock for services ($0.138/share)	'	'	'	'	55,521	56	7,628	'	'	'	7,684
Issuance of subsidiary common stock and warrants for cash and subscriptions receivable ($0.50 - $1.00/unit)	'	'	'	'	'	'	278,351	'	'	'	278,351
Issuance of Subsidiary common stock on exercise of warrants	'	'	'	'	'	'	353,750	'	'	'	353,750
Issuance of common stock upon exercise of warrants	'	'	'	'	510,585	511	440,489	'	'	'	441,000
Issuance of common stock in exchange for subsidiary common stock	'	'	'	'	3,125,103	3,125	-3,125	'	'	'	'
Issuance of convertible series B preferred stock as a dividend	'	'	434,554	434	'	'	3,006,681	-3,007,115	'	'	'
Issuance of common stock and warrants for cash and subscriptions receivable ($0.60 - $1.00/unit)	'	'	'	'	1,031,917	1,032	614,219	'	-15,001	'	600,250
Issuance of common stock dividend	'	'	'	'	121,341	121	16,672	-16,793	'	'	16,793
Issuance of common stock upon conversion of series B preferred stock	'	'	-111,518	-112	5,575,900	5,576	-5,464	'	'	'	'
Issuance of common stock for interest expense ($0.138/share)	'	'	'	'	400,000	400	54,960	'	'	'	55,360
Net loss - July 1, 2013 to March 31, 2014	'	'	'	'	'	'	'	($2,748,042)	'	($42,633)	($2,790,675)
Balance at Mar. 31, 2014	25,013	25	323,036	322	11,183,484	11,183	11,058,620	-11,626,797	-15,001	379	-571,269

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)	9 Months Ended		54 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'	'
Net loss	($2,790,675)	($2,465,534)	($8,845,585)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'	'
Depreciation	48,988	35,207	102,364
Amortization	26,827	1,250	42,280
Stock issued for services - common stock	7,684	37,020	303,146
Stock issued for services - preferred stock - related party	'	'	71,600
Stock issued for interest - common stock	55,360	'	55,360
Loss on sales of available-for-sale marketable securities	'	'	23,702
Deposit on future acquisition	'	-97,039	'
Changes in operating assets and liabilities:	'	'	'
Prepaid expense and other current assets	165,044	48,584	-24,245
Accounts payables and accrued liabilities	162,547	-153,469	584,235
Net cash used in operating activities	-2,324,225	-2,593,981	-7,687,143
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'	'
Proceeds from sale of available-for-sale securities	'	'	48,080
Advances on loan receivable	'	-30,427	'
Purchases of intangible assets	-25,854	-281,687	-482,056
Purchases of property and equipment	-14,795	-250,520	-339,492
Net cash used in investing activities	-40,649	-562,634	-773,468
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'	'
Proceeds from shareholder loan payable	169,282	'	329,216
Repayment of shareholder loan payable	-12,500	'	-244,716
Proceeds for exercise of warrants	441,000	'	441,000
Proceeds from loan payable	761,000	'	761,000
Repayment of loan payable	-220,000	'	-220,000
Proceeds from sale of common stock	600,250	3,109,164	8,311,983
Cash consideration for reverse recapitalization	'	'	-281,992
Proceeds from sale of subsidiary common stock and warrants	632,101	'	632,101
Payment of offering costs	-211,143	-234,777	-1,258,882
Net cash provided by financing activities	2,159,990	2,874,387	8,470,210
Net (decrease) increase in cash and cash equivalents	-204,884	-282,228	9,599
Cash and cash equivalents - beginning of year/period	214,483	1,083,571	'
Cash and cash equivalents - end of period	9,599	801,343	9,599
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:	'	'	'
Exchange of subsidiary preferred stock for ECHI preferred stock	'	'	75
Subscriptions receivable	'	364,000	'
Stock issued for services - preferred stock - related party	'	'	71,600
Creation of non-controlling interest in reverse capitalization	'	'	243,076
Stock issued for services - common stock	7,684	'	303,146
Stock issued for interest - common stock	55,360	'	55,360
Exchange of subsidiary stock for ECHI common stock	3,125	'	3,125
Issuance of common stock dividend	16,793	'	16,793
Issuance of series B preferred stock as a dividend	3,007,115	'	3,007,115
Conversion of series B preferred stock for common stock	5,464	'	5,464
Shareholder advance of marketable securities	'	'	$71,782

Organization_and_Nature_of_Ope

Organization and Nature of Operations	9 Months Ended
Organization and Nature of Operations	Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements:	'
Organization and Nature of Operations	'
	Note 1 – Organization and Nature of Operations

	eCareer Holdings Inc. (“the Company,” “we,” “us,” “our,” and/or “ECHI”) was incorporated under the laws of the State of Nevada on March 24, 2005, as Barossa Coffee Company, Inc. The Company changed its name from Barossa Coffee Company, Inc. to eCareer Holdings, Inc., in connection with the acquisition of eCareer, Inc. on April 11, 2013. The Company is headquartered in Boca Raton, Florida.

	The Company’s fiscal year end is June 30.

	Acquisition of Barossa Coffee Company, Inc. as a Reverse Recapitalization

	As initially reported in our current report on Form 8-K filed on August 30, 2012, on that date, Barossa Coffee Company, Inc., a shell company and Nevada corporation (“BCCI”), entered into an Agreement and Plan of Reorganization (the “Exchange Agreement”) with certain principal stockholders of BCCI (collectively, the “Principal BCCI Stockholders”), eCareer, Inc., a Florida corporation (“ECI”), and the consenting owners of 84.73% of the outstanding shares of common stock of ECI.

	The agreement provided for BCCI to acquire all of the issued and outstanding shares of common stock of ECI in exchange for a total of 4,260,690 shares of common stock of BCCI. After the parties agreed to extend the date of closing, the transactions contemplated by the Exchange Agreement closed on April 11, 2013, whereupon BCCI acquired 15,570,077 shares of ECI, representing 84.73% of ECI’s issued and outstanding common stock, in exchange for 3,894,668 restricted shares of newly issued common stock of BCCI—an exchange ratio of 0.250138 newly issued shares of BCCI common stock for every one share of ECI common stock. The 3,894,668 restricted shares of BCCI common stock issued to former ECI stockholders at closing represents 89.2% of the issued and outstanding common stock of BCCI.

	Pursuant to the Exchange Agreement, as extended, ECI paid a total of $245,000 cash to BCCI in seven scheduled payments, including a final payment of $165,000 which was made at closing. Contemporaneously, BCCI used $215,000 of the $245,000 to redeem and cancel 4,260,690 shares of its pre-exchange common stock from the Principal BCCI Stockholders. BCCI used the remaining $30,000 to pay certain consultants for services rendered. In connection with the parties’ agreement to extend the closing date of the Exchange Agreement, ECI also paid total extension penalties to BCCI as of closing of $37,539.

	As a result of the transactions effected by the Exchange Agreement, for financial statement reporting purposes, the exchange has been treated as a reverse acquisition with ECI deemed the accounting acquirer and BCCI deemed the accounting acquiree. The reverse acquisition is deemed a capital transaction and the assets and liabilities of ECI are carried forward to the Company at their carrying value before the acquisition. The equity of the Company is the historical equity of ECI retroactively restated to reflect the number of shares issued by ECI using the capital structure of BCCI. Upon the closing of the Exchange Agreement, ECI became the operating company and BCCI abandoned all of its previous business operations and plans, with the business of ECI now being the Company’s sole business. Accordingly, these financial statements present the operations only of ECI from inception through the date of the exchange (April 11, 2013) and on a consolidated basis for ECHI and ECI after the exchange, and the resulting non-controlling interest in ECI. All intra-company transactions have been eliminated on consolidation.

	The Company is a provider of niche career websites designed to brand client companies to active and passive candidates within each niche. Site features include: industry news, social media groups, niche-specific content, webinars, events, training programs and industry statistics. Access to the sites is free to users, and revenues are generated through advertising, resume searches, and job board functions. The Company’s first site, Openreq™, was launched January 1, 2013.

	Reverse Stock Split

	On June 3, 2013, the Company filed a Certificate of Change with the Nevada Secretary of State, to affect a one-for-twelve (1:12) reverse split of its issued and outstanding shares of common stock (the “Reverse Stock Split”). The Reverse Stock Split was effective in the market on June 25, 2013. Every 12 shares of common stock outstanding were combined, converted and changed into one share of common stock. All share and per share amounts in these financial statements have been restated to give effect to the reverse stock split.

Going_Concern

Going Concern	9 Months Ended
Going Concern	Mar. 31, 2014
Going Concern:	'
Going Concern	'
	Note 2 – Going Concern

	As reflected in the accompanying financial statements, since inception the Company has incurred a net loss of approximately $8.8 million and net cash used in operations of approximately $7.7 million. As of March 31, 2014, the Company has a working capital deficit of approximately $1.2 million.

	The Company does not yet have a history of financial stability. Historically, the principal source of liquidity has been the issuance of equity securities. In addition, the Company is in the development stage and has generated insignificant revenue since inception. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

	The ability of the Company to continue operations is dependent on the success of Management’s plans, which include the raising of capital through either the issuance of equity or debt securities, until such time that funds provided by operations are sufficient to fund working capital requirements.

	The Company will require additional funding to finance the growth of its current and expected future operations as well as to achieve its strategic objectives. The actual amount of funds we will need to operate is subject to many factors, some of which are beyond our control. Our current negative cash flow from operations is approximately $175,000 per month. The Company believes its current available cash along with anticipated revenue may be insufficient to meet its cash needs for the near future. There can be no assurance that financing will be available in amounts or terms acceptable to the Company, if at all.

	The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. These financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern.

Summary_of_Significant_Account

Summary of Significant Accounting Policies

9 Months Ended

Mar. 31, 2014

Accounting Policies:

Summary of Significant Accounting Policies

Note 3 – Summary of Significant Accounting Policies

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and pursuant to the instructions to form 10-Q and Article 8 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Certain information or footnote disclosure normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. It is our opinion, however, that the accompanying unaudited interim condensed consolidated financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented.

The accompanying unaudited interim condensed consolidated financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended June 30, 2013 as filed with the SEC, which contains the audited financial statements and notes thereto, together with Management’s Discussion and Analysis, for the years ended June 30, 2013 and 2012. The financial information as of June 30, 2013 is derived from the audited financial statements presented in our Annual Report on Form 10-K for the year ended June 30, 2013. The interim results for the nine months ended March 31, 2014 are not necessarily indicative of the results to be expected for the year ending June 30, 2014 or for any future interim periods.

Expense Classifications

The income statement has been expanded to reflect categories of expense that the Company deems to be important to the understanding of operations.

Development Stage

The Company’s consolidated financial statements are presented as those of a development stage company. Activities during the development stage primarily include implementing the business plan and obtaining additional equity related financing.

Use of Estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make certain estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes.

Such estimates and assumptions impact, among others, the following: valuation and potential impairment associated with intangible assets and estimates pertaining to the valuation allowance for deferred tax assets due to continuing, and expected future operating losses.

Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from estimates, and those differences could be material.

Risks and Uncertainties

The Company’s operations are subject to significant risks and uncertainties including financial, operational and regulatory risks, including the potential risk of business failure.

Cash and Cash Equivalents

The Company maintains cash balances at a single financial institution. The Company considers all highly liquid instruments purchased with an original maturity of three months or less and money market accounts to be cash equivalents. Cash equivalents consisted of money market funds totaling $9,599 and $214,483 at March 31, 2014 and June 30, 2013, respectively.

Property and Equipment

Property and equipment is stated at cost, less accumulated depreciation. Expenditures for maintenance and repairs are charged to expense as incurred.

Depreciation is provided utilizing the straight-line method over the estimated useful lives of the respective assets as follows:

Asset

Life / Years

Equipment

7-May

Furniture and fixtures

Computer software

Leasehold improvements

Lesser of 15 years or the term of the lease

Property and equipment is reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. There were no impairment charges taken during the nine months ended March 31, 2014 and March 31, 2013, and since inception.

Intangible Assets

The Company’s intangible assets consist of website development costs and domain names.

The Company accounts for website development costs in accordance with Accounting for Website Development Costs, wherein website development costs are segregated into three activities:

Initial stage (planning), whereby the related costs are expensed.

Development (web application, infrastructure, graphics), whereby the related costs are capitalized and amortized once the website is ready for use. Costs for development content of the website may be expensed or capitalized depending on the circumstances of the expenditures.

Post-implementation (after site is up and running: security, training, admin), whereby the related costs are expensed as incurred. Upgrades are usually expensed, unless they add additional functionality.

Amortization is provided utilizing the straight-line method over the three year estimated useful lives of these assets.

Domain names are not being amortized as they are determined to have indefinite lives.

Intangible assets are reviewed annually for impairment or whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. There were no impairment charges taken during the nine months ended March 31, 2014 and March 31, 2013, and since inception.

Revenue Recognition — The Company recognizes revenue when persuasive evidence of an arrangement exists, delivery of service has occurred, the sales price is fixed or determinable and collectability is reasonably assured. Revenue is recognized net of customer discounts ratably over the service period. Payments received in advance of services being rendered are recorded as deferred revenue and recognized over the service period. The Company generates revenue from the following sources:

Talent acquisition package revenues are derived from the sale, to recruiters and employers, of a combination of talent packages and access to a searchable database of candidates on the Openreq.com website. Certain of the Company's arrangements include multiple deliverables, which consist of the ability to post jobs and access to a searchable database of candidates. The Company determines the units of accounting for multiple element arrangements in accordance with the Multiple-Deliverable Revenue Arrangements subtopic of the FASB ASC. Specifically, the Company will consider a delivered item as a separate unit of accounting if it has value to the customer on a standalone basis. Moving forward, the Company's arrangements will not include a general right of return. Services to customers buying a package of available talent packages and access to the database are delivered over the same period and revenue is recognized ratably over the length of the underlying contract, typically from one to twelve months. The separation of the package into two deliverables results in no change in revenue recognition since delivery of the two services occurs over the same time period.

Advertising revenue is recognized over the period in which the advertisements are displayed on the websites or at the time the newsletter campaign is sent to its registered members.

Advertising and Marketing Expense

The Company’s policy is to expense advertising and marketing costs as incurred. Advertising and marketing expenses are as follows:

Nine Months Ended March 31

Three Months Ended March 31

October 13, 2009(Inception) to

2014

2013

2014

2013

31-Mar-14

Advertising

59,234

25,959

3,505

17,997

116,879

Marketing

431,864

277,745

55,989

150,332

1,029,490

491,098

303,704

59,494

168,329

1,146,369

Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred income tax assets and liabilities are established for temporary differences between the financial reporting basis and the tax basis of the Company’s assets and liabilities at tax rates expected to be in effect when such assets or liabilities are realized or settled. Deferred income tax assets are reduced by valuation allowances when necessary.

Assessing whether deferred tax assets are realizable requires significant judgment. The Company considers all available positive and negative evidence, including historical operating performance and expectations of future operating performance. The ultimate realization of deferred tax assets is often dependent upon future taxable income and therefore can be uncertain. To the extent the Company believes it is more likely than not that all or some portion of the asset will not be realized, valuation allowances are established against the Company’s deferred tax assets, which increase income tax expense in the period when such a determination is made.

Income taxes include the largest amount of tax benefit for an uncertain tax position that is more likely than not to be sustained upon audit based on the technical merits of the tax position. Settlements with tax authorities, the expiration of statutes of limitations for particular tax positions, or obtaining new information on particular tax positions may cause a change to the effective tax rate. The Company recognizes accrued interest and penalties related to unrecognized tax benefits in the provision for income taxes on the statements of operations. There were no unrecognized tax benefits for the nine months period ended March 31, 2014 and 2013, and from October 13, 2009 (Inception) to March 31, 2014.

Share Based Payment Arrangements

Generally, all forms of share-based payments, including stock option grants, warrants and restricted stock grants are measured at their fair value on the awards’ grant date, based on estimated number of awards that are ultimately expected to vest. Share-based compensation awards issued to non-employees for services rendered are recorded at either the fair value of the services rendered or the fair value of the share-based payment, whichever is more readily determinable. As shares of the Company are thinly traded the use of share prices established in the Company’s most recent private placement memorandum or monthly price observations have been utilized, as the use of daily price observations could be artificially inflated because of a larger spread between the bid and asked quotes and lack of consistent trading in the market.

Net Loss Per Share

Basic earnings per share (“EPS”) is computed by dividing the net loss attributable to the Company that is available to common stockholders by the weighted average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted EPS gives effect to all dilutive potential of shares of common stock outstanding during the period including stock warrants using the treasury stock method (by using the average stock price for the period to determine the number of shares assumed to be purchased from the exercise of warrants) and convertible debt or convertible preferred stock using the if-converted method. Diluted EPS excludes all dilutive potential of shares of common stock if their effect is anti-dilutive.

The Company had the following potential common stock equivalents(Note 11):

31-Mar-14

30-Jun-13

Common stock warrants - ECI

10,000

2,480,500

Common stock warrants - ECHI

3,777,145

790,377

Unvested stock grants - ECI

478

Unvested stock grants - ECHI

130

890

Total common stock equivalents

3,787,275

3,272,245

Fair Market Value of Financial Instruments

The Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level.

The following are the hierarchical levels of inputs to measure fair value:

Level 1 – Observable inputs that reflect quoted market prices in active markets for identical assets or liabilities.

Level 2 – Inputs that reflect quoted prices for identical assets or liabilities in markets that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the assets or liabilities; or inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3 – Unobservable inputs reflecting the Company’s assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available.

The Company’s financial instruments consist primarily of prepaid expenses, accounts payable, accrued liabilities, and loans payable. The carrying amounts of the Company’s financial instruments generally approximated their fair values as of March 31, 2014 and June 30, 2013, respectively due to the short-term nature of these instruments and the Company’s borrowing rate of interest.

Recent Accounting Pronouncements

There are no new accounting pronouncements that have had a material impact on the Company’s financial statements.

Prepaid_Expenses_and_Other_Cur

Prepaid Expenses and Other Current Assets	9 Months Ended
Prepaid Expenses and Other Current Assets	Mar. 31, 2014
Prepaid Expenses and Other Current Assets	'
Prepaid Expenses and Other Current Assets	'
	Note 4 – Prepaid Expenses and Other Current Assets

	Prepaid expenses consist of professional fees and subscription fees. Prepaid expenses are being amortized over the expected period of benefit. Other current assets consist of employee advances.

Property_and_Equipment

Property and Equipment	9 Months Ended
Property and Equipment	Mar. 31, 2014
Property and Equipment	'
Property and Equipment	'
	Note 5 – Property and Equipment

	Property and equipment consist of the following:

		31-Mar-14			30-Jun-13
	Equipment	$	172,348		$	169,204
	Furniture & Fixtures		72,118			72,118
	Leasehold Improvements		79,793			68,142
	Computer Software		3,000			3,000
	Less: Accumulated Depreciation		(90,131	)		(41,143	)
		$	237,128		$	271,321

	Depreciation expense for the periods were as follows:

		Nine Months Ended						Three Months Ended				13-Oct-09
		31-Mar						31-Mar				(Inception) to
		2014			2013			2014		2013		31-Mar-14
	Depreciation expense	$	48,988		$	35,207		$	16,509	$	12,253	$	102,364

Intangible_Assets

Intangible Assets	9 Months Ended
Intangible Assets	Mar. 31, 2014
Intangible Assets	'
Intangible Assets	'
	Note 6 – Intangible Assets

	Intangible assets consist of the following:

		31-Mar-14			30-Jun-13
	Domain names	$	298,389		$	298,389
	Website development costs		183,667			157,813
	Less: Accumulated amortization		(42,280	)		(15,453	)
		$	439,776		$	440,749

	Amortization expense for the periods was as follows:

		Nine Months Ended March 31						Three Months Ended March 31				October 13, 2009(Inception) to
		2014			2013			2014		2013		31-Mar-14
	Amortization expense	$	26,827		$	1,250		$	9,266	$	1,250	$	42,280


	Certain of the website development costs totaling approximately $135,000 at March 31, 2014, were placed in service commencing in the fiscal year ended June 30, 2013 through December 31, 2013. Others will be placed in service in future years.

	The estimated future amortization expense of in service website development costs for the years ending June 30 are as follows:

		Amount
	2014 (3 months)	$	10,000
	2015		37,000
	2016		46,000
	Total	$	93,000

Notes_Payable_and_Derivative_L

Notes Payable and Derivative Liabilities	9 Months Ended
Notes Payable and Derivative Liabilities	Mar. 31, 2014
Notes Payable and Derivative Liabilities	'
Notes Payable and Derivative Liabilities	'
	Note 7 –Notes Payable and Derivative Liabilities (Note 11)

	The Company has received $415,000 from third parties under promissory notes. The notes bear interest at 10% of the principal amounts ($41,500 per year) with payment of the interest on a quarterly basis over the term of the respective note. Principal is to be paid upon maturity, which range from August to November of 2014. At March 31, 2014 accrued interest amounted to $21,522.

	Effective December 17, 2013 the Company borrowed from Asher Enterprises, Inc. $83,500, less $3,500 for legal related costs. The note bears interest at 8% per annum from the issuance date (22% per annum default interest rate) and matures December 19, 2014. Commencing 180 days after issuance Asher has the right to convert the note in whole or in part into a variable amount of shares of common stock of the Company at 58% of the average of the lowest 3 closing bids during the 10 trading days prior to the conversion date.

	The Note may be prepaid in whole together with accrued interest during the 180-day period commencing December 17, 2013. In the event that the Company exercises its option to prepay the Note, the Company will be obligated to pay Asher an amount equal to between 110% and 130% of the aggregate of the principal balance and accrued interest. The multiple is dependent upon the date of repayment.

	Effective January 28, 2014, the Company borrowed from Asher Enterprises, Inc. $42,500, less $2,500 for legal related costs. The note bears interest at 8% per annum from the issuance date (22% per annum default interest rate) and matures October 30, 2014. Commencing 180 days after issuance Asher has the right to convert the note in whole or in part into a variable amount of shares of common stock of the Company at 58% of the average of the lowest 3 closing bids during the 10 trading days prior to the conversion date.

	The Note may be prepaid in whole together with accrued interest during the 180-day period commencing January 28, 2014. In the event that the Company exercises its option to prepay the Note, the Company will be obligated to pay Asher an amount equal to between 110% and 130% of the aggregate of the principal balance and accrued interest. The multiple is dependent upon the date of repayment.

	The Company is required to reserve shares of common stock, free of preemptive rights, at 5 times the number of shares actually issuable upon full conversion of the Note at the conversion price then in effect. The number of common shares issued upon conversion may not result in beneficial ownership by Asher in excess of 9.99% of the outstanding common shares of the Company, unless waived by Asher with 61 days notice to the Company.

Stockholders_Equity

Stockholders Equity	9 Months Ended
Stockholders Equity	Mar. 31, 2014
Stockholders Equity	'
Stockholders Equity	'
	Note 8 – Stockholders Equity

	Preferred Stock – ECI

	As of June 30, 2012, ECI had 1,000,000 shares of Preferred Stock authorized, $0.001 par value per share. In May 2012, 100,000 shares were designated as Series A and were issued to the CEO. The ECI Series A Preferred Stock was valued at $71,600 ($0.72/share) for the fair value of services rendered.

	Each of the Preferred Shares entitled the CEO to 500 votes on any matter brought to a vote of the holders of the Company’s common stock, giving him voting control of ECI.

	Series A Preferred Stock – Related Party

	On May 1, 2013, ECHI issued 25,013 shares of a newly designated series of stock, Series A Preferred Shares, (the “New Series A Preferred Shares”) based upon an exchange ratio of 0.250138 newly issued shares of ECHI Series A Preferred Stock for every one share of ECI Series A Preferred Stock, to the CEO in exchange for the 100,000 ECI Series A Preferred Shares owned by the CEO.

	Each of the New Preferred Shares entitles the CEO to 500 votes on any matter brought to a vote of the holders of the Company’s common stock, giving him 12,506,500 votes, not including additional votes he has through his ownership of shares of the Company’s common stock. Accordingly, the CEO has voting control of the Company.

	Series A Preferred Stock has the following provisions:

			Voting rights entitling the holder to 500 votes per share, which give the CEO voting control of the Company,

			Non-convertible,

			No rights to dividends,

			No liquidation value,

			Non-participating

			Non-cumulative,

			No put option; and

			Non-redeemable.


	Series B Convertible Preferred Stock

	On July 26, 2013, the Company distributed a stock dividend to its common stockholders, whereby one restricted share of Series B Convertible Preferred Stock was issued for every one share of common stock held by ECHI stockholders, a total of 434,554 Series B Convertible Preferred shares. Each share of Series B Convertible Preferred Stock is convertible by the shareholder into 50 shares of common stock, will participate in any dividends declared by the Company for common stock on an as-if-converted-to-common stock basis, and may only vote on matters with respect to the Series B Convertible Preferred Stock on a non- cumulative basis, and subject to applicable restrictions. The fair value of these shares was determined to be $6.92 per share resulting in a dividend amounting to $3,007,115. As of March 31, 2014, 111,518 Series B Preferred Shares were converted into 5,575,900 shares of Common Stock (Note 11).

	Common Stock

	ECI issued the following shares of common stock from October 13, 2009 (Inception) through June 30, 2010:

	Transaction Type		Quantity			Valuation
	Services – related parties (1)			89,112		$	4,275


	ECI issued the following shares of common stock for the year ended June 30, 2011:

	Transaction Type		Quantity			Valuation
	Cash – third parties			3,431		$	102,101


	ECI issued the following shares of common stock for the year ended June 30, 2012:

	Transaction Type		Quantity			Valuation
	Cash – related party			68,788		$	950,000
	Cash – third parties			111,595			2,867,705
	Direct offering costs – third parties (2)			3,127			96,000
	Services – related party (2)			1,668			60,000
	Services – third parties (1)			5,836			182,199
	Services – third parties (1)			261			6,449
				191,275		$	4,162,353

		-1	Valuation was based upon the average cash price paid by third parties ranging from $.30 to $.75 of pre-reverse split prices, for common stock of ECI during the 30 day period preceding the service performance, as ECI was not yet traded publicly this represented the best evidence of fair value.

	-2	In 2012, $96,000 of these costs was paid in shares of common stock, resulting in a net adjustment to equity of $0. These shares were valued at $.64 of pre-reverse split prices.


The following is a summary of the Company’s and ECI’s restricted stock grants that are subject to vesting and forfeiture. Recognition and valuation of share-based payments occurs as services are received and are earned proportionately over a two-year term. Unvested, forfeitable shares are accounted for as unissued until vesting occurs (Note 11).

		Quantity			Vesting Schedule as of June 30,
Date of Grant		Granted			2012			2013		2014		2015
Feb. 2012			521			87			261		173		0
Mar. 2012			782			129			516		137		0
May-12			27,079			2,083			24,996		0		0
Sept. 2012			521			0			195		264		62
			28,903			2,299			25,968		574		62

ECI issued the following shares of common stock for the period July 1, 2012 to April 11, 2013:

Transaction Type		QuantityStock			QuantityWarrants			Valuation
Cash – third parties (1)			96,358			55,757		$	3,366,427
Services – third parties (2)			1,107			—			37,021
			97,465			55,757		$	3,403,448

	-1	Commencing in December 2012, ECI issued shares and warrants as a unit under a private placement memorandum. Each unit was offered at a price of $1.00 per Unit. Each Unit consisted of one share of common share and one common stock purchase warrant, entitling the holder to purchase one share of common stock at $1.00 per share. The purchase price was recorded at par for the common stock and additional paid-in capital was allocated between the prorated fair value of the common stock and the warrant. The warrants are exercisable through December 31, 2015. Effective October 1, 2013 ECI concluded its private placement memorandum and all outstanding warrants of consented shareholders were converted into ECHI. The exercise price of the warrants remains at a $1.00 per share.

	-2	Valuation was based upon the average cash price paid by third parties for common stock during the 30-day period preceding the service performance, since the Company was not yet traded publicly; this represented the best evidence of fair value.

From April 12, 2013, through June 30, 2013, ECI issued common stock for cash in the amount of $457,500, and $3,854 for services rendered by third parties.

On April 11, 2013 the Company issued 324,556 shares of its common stock to the majority of the shareholders of ECI in connection with the reverse capitalization and cancelled and retired 4,260,690 pre-split shares owned by certain Barossa shareholders. The non-consenting shareholders of ECI that did not convert their shares to ECHI shares became non-controlling interests of ECI and their 57,878 shares were removed from the Company’s outstanding stock. This resulted in an increase of 39,451 post split shares of ECHI.

From July 1, 2013 through March 31, 2014, ECI issued common stock for cash in the amount of $632,101.

ECI is currently a majority owned subsidiary of the Company. In September 2013, the Company’s Board of Directors approved an offering to the remaining stockholders of ECI to exchange their shares of ECI for shares of ECHI on a one-for-one basis. All ECI shareholders were also given the option to rescind their stock subscriptions for a refund of the full amount of all monies paid under their subscription. The offers to exchange or rescind expired December 15, 2013, as extended. Through March 31, 2014, 3,125,103 shares of ECI have been exchanged for the same amount of shares of ECHI. (Note 11).

From April 12, 2013 through June 30, 2013, the Company issued 261 common shares for services vested with a value of $1,665.

From July 1, 2013 through March 31, 2014 the Company issued the following common stock:

Transaction Type		Quantity			Valuation
Exercise of warrants			510,585		$	441,000
Exchange for ECI common stock			3,125,103			0
Issued for cash and subscription receivable			1,031,917			615,251
Issuance of common stock dividend			121,341			0
Conversion of Series B Preferred stock			5,575,900			0
Interest Expense			400,000			55,360
Services – third parties			55,521			7,684
			10,820,367		$	1,119,295

In November 2013, the Board of Directors determined that all outstanding warrants held by ECI shareholders that consent to conversion into ECHI stock and warrants would convert into warrants of ECHI, retro-active to October 1, 2013.

In November 2013, the Company issued a common stock dividend to the ECI shareholders in an amount equivalent to the number of shares of ECHI that these shareholders would have received had they been shareholders of ECHI on April 11, 2013 (the “Record Date”).

ECI and the Company paid direct offering costs since inception in the aggregate of $1,258,882, associated with capital raising activities.

Commitment_and_Contingencies

Commitment and Contingencies	9 Months Ended
Commitment and Contingencies	Mar. 31, 2014
Commitment and Contingencies	'
Commitment and Contingencies	'
	Note 9 – Commitment and Contingencies

	The Company executed an operating lease for office space in September 2012 expiring in January 2016. In August 2013, this lease was amended to add additional space to accommodate the Company’s growth, and expires in September 2018.

	At March 31, 2014 the future rental commitments are approximately as follows:

	Year ending June 30,

		Amount
	2014 (3 months)	$	12,500
	2015		51,000
	2016		53,000
	2017		55,000
	2018		56,000
	Thereafter		77, 000
	Total	$	304,500

	Rental expenses for the periods were as follows:

		Nine Months Ended March 31				Three Months Ended March 31				October 13, 2009(Inception) to
		2014		2013		2014		2013		31-Mar-14
	Rent expense	$	55,745	$	16,079	$	21,169	$	10,366	$	87,849

Related_Party_Transaction

Related Party Transaction	9 Months Ended
Related Party Transaction	Mar. 31, 2014
Related Party Transaction	'
Related Party Transaction	'
	Note 10 – Related Party Transaction

	The Company’s Chief Executive Officer has loaned the Company a total of $169,282 of which $12,500 has been repaid. The loan is interest free and there is no maturity date.

	During the nine and three months period ended March 31, 2014 and 2013, and from October 13, 2009 (Inception) to March 31, 2014, the Company paid fees to related and former related parties associated with capital raising activities and related consulting fees, as follows:

		Nine Months Ended March 31				Three Months Ended March 31				October 13, 2009(Inception) to
	Direct Offering Cost	2014		2013		2014		2013		31-Mar-14
	Finder Fees - Related Parties	$	—	$	—	$	—	$	—	$	22,295
	Finder Fees - Former Related Parties		131,056		102,531		—		—		796,991

	During the nine and three months ended March 31, 2014 and 2013, and from October 13, 2009 (Inception) to March 31, 2014, the Company paid consulting fees to former and current related parties under agreements with the following provisions:

		One year term,

		Flat fee retainer,

		Additional fees based on expanded services,

		Services include shareholder relations and business strategy

	The consulting fees paid to related party and former related parties during the periods are as follows:

	Consulting Fees	Nine Months Ended March 31				Three Months Ended March 31				October 13, 2009(Inception) to
		2014		2013		2014		2013		31-Mar-14
	Related Parties	$	0	$	0	$	0	$	0	$	62, 900
	Former Related Parties		146,621		173,336		0		0		1,455,402

Subsequent_Events

Subsequent Events	9 Months Ended
Subsequent Events	Mar. 31, 2014
Subsequent Events	'
Subsequent Events	'
	Note 11 – Subsequent Events

	(A) Common Stock

	Subsequent to March 31, 2014, the Company issued the following shares of common stock:

	Transaction Type		Quantity Stock		Valuation
	Services – third parties (2) common stock			4,210	$	583
	Conversion of Series B Preferred stock			1,240,350		0
	Sale of Common Stock and Warrants (1)			591,332		435,000
				1,835,892	$	435,583

		-1	ECHI issued units, containing common stock and warrants, at prices ranging from $.60 to $1 per unit. The warrants have a $1.00 exercise price and expire on December 31, 2015. Each of the warrants in the units that were included in the exchange were converted to ECHI warrants. The Company has reserved shares to cover the possible exercise of the warrants. There are no embedded features in the warrants that would require treatment as a derivative liability.

		-2	Valuation is based upon an unrelated third party report.

	Effective April 1, 2014, the Company entered into an agreement with an individual to provide advisory services to the Company’s Board of Directors. The agreement provides for the immediate issuance of 100,000 restricted shares of the Company’s common stock that will vest ratably over 2 years. Accordingly, these shares will be shown as issued but not outstanding until earned.

	(B) Option to Rescind ECI Stock Subscriptions

	The Board of Directors is offering the remaining stockholders of ECI to exchange their shares of ECI for shares of ECHI on a one-for-one basis or rescind their subscription agreement. As of May 11, 2014, the maximum amount of shares of ECI that may be rescinded is approximately 355,000, which could require the Company to pay approximately $206,000. Management believes that the probability of the shareholders rescinding their subscriptions is remote.

Significant_Accounting_Policie

Significant Accounting Policies (POLICIES)

9 Months Ended

Mar. 31, 2014

Significant Accounting Policies:

Expense Classifications, Policy

Expense Classifications

The income statement has been expanded to reflect categories of expense that the Company deems to be important to the understanding of operations.

Development Stage, Policy

Development Stage

Use of Estimates, Policy

Use of Estimates

Risks and Uncertainties, Policy

Risks and Uncertainties

The Company’s operations are subject to significant risks and uncertainties including financial, operational and regulatory risks, including the potential risk of business failure.

Cash and Cash Equivalents, Policy

Cash and Cash Equivalents

Property and Equipment,Policy

Property and Equipment

Property and equipment is stated at cost, less accumulated depreciation. Expenditures for maintenance and repairs are charged to expense as incurred.

Depreciation is provided utilizing the straight-line method over the estimated useful lives of the respective assets as follows:

Asset

Life / Years

Equipment

7-May

Furniture and fixtures

Computer software

Leasehold improvements

Lesser of 15 years or the term of the lease

Intangible Assets, Policy

Intangible Assets

The Company’s intangible assets consist of website development costs and domain names.

The Company accounts for website development costs in accordance with Accounting for Website Development Costs, wherein website development costs are segregated into three activities:

Initial stage (planning), whereby the related costs are expensed.

Amortization is provided utilizing the straight-line method over the three year estimated useful lives of these assets.

Domain names are not being amortized as they are determined to have indefinite lives.

Advertising and Marketing Expense, Policy

Advertising and Marketing Expense

The Company’s policy is to expense advertising and marketing costs as incurred. Advertising and marketing expenses are as follows:

Nine Months Ended March 31

Three Months Ended March 31

October 13, 2009(Inception) to

2014

2013

2014

2013

31-Mar-14

Advertising

59,234

25,959

3,505

17,997

116,879

Marketing

431,864

277,745

55,989

150,332

1,029,490

491,098

303,704

59,494

168,329

1,146,369

Income Tax, Policy

Income Taxes

Income taxes include the largest amount of tax benefit for an uncertain tax position that is more likely than not to be sustained upon audit based on the technical merits of the tax position. Settlements with tax authorities, the expiration of statutes of limitations for particular tax positions, or obtaining new information on particular tax positions may cause a change to the effective tax rate. The Company recognizes accrued interest and penalties related to unrecognized tax benefits in the provision for income taxes on the statements of operations. There were no unrecognized tax benefits for the nine months period ended March 31, 2014 and 2013, and from October 13, 2009 (Inception) to March 31, 2014.

Revenue Recognition, Policy

Advertising revenue is recognized over the period in which the advertisements are displayed on the websites or at the time the newsletter campaign is sent to its registered members.

Compensation Related Costs, Policy

Share Based Payment Arrangements

Net Loss Per Share, Policy

Net Loss Per Share

The Company had the following potential common stock equivalents (Note 11):

31-Mar-14

30-Jun-13

Common stock warrants - ECI

10,000

2,480,500

Common stock warrants - ECHI

3,777,145

790,377

Unvested stock grants - ECI

478

Unvested stock grants - ECHI

130

890

Total common stock equivalents

3,787,275

3,272,245

Fair Market Value of Financial Instruments, Policy

Fair Market Value of Financial Instruments

The following are the hierarchical levels of inputs to measure fair value:

Level 1 – Observable inputs that reflect quoted market prices in active markets for identical assets or liabilities.

The Company’s financial instruments consist primarily of prepaid expenses, accounts payable, accrued liabilities, and loans payable. The carrying amounts of the Company’s financial instruments generally approximated their fair values as of March 31, 2014 and June 30, 2013, respectively due to the short-term nature of these instruments and the Company’s borrowing rate of interest.

Recent Accounting Pronouncements

There are no new accounting pronouncements that have had a material impact on the Company’s financial statements.

Schedule_of_Accounting_Policie

Schedule of Accounting Policies (Tables)	9 Months Ended
Schedule of Accounting Policies (Tables)	Mar. 31, 2014
Schedule of Accounting Policies:	'
Schedule of property lives	'
	Depreciation is provided utilizing the straight-line method over the estimated useful lives of the respective assets as follows:

	Asset	Life / Years
	Equipment	7-May
	Furniture and fixtures	5
	Computer software	5
	Leasehold improvements	Lesser of 15 years or the term of the lease
Schedule of Earnings Per Share	'
	The Company had the following potential common stock equivalents (Note 11):

			31-Mar-14		30-Jun-13
	Common stock warrants - ECI			10,000		2,480,500
	Common stock warrants - ECHI			3,777,145		790,377
	Unvested stock grants - ECI			0		478
	Unvested stock grants - ECHI			130		890
	Total common stock equivalents			3,787,275		3,272,245
Schedule of Advertising expense	'
	Advertising and Marketing Expense

	The Company’s policy is to expense advertising and marketing costs as incurred. Advertising and marketing expenses are as follows:

			Nine Months Ended March 31				Three Months Ended March 31				October 13, 2009(Inception) to
			2014		2013		2014		2013		31-Mar-14
	Advertising		$	59,234	$	25,959	$	3,505	$	17,997	$	116,879
	Marketing			431,864		277,745		55,989		150,332		1,029,490
			$	491,098	$	303,704	$	59,494	$	168,329	$	1,146,369

Schedule_of_Property_and_Equip

Schedule of Property and Equipment (Tables)	9 Months Ended
Schedule of Property and Equipment (Tables)	Mar. 31, 2014
Schedule of Property and Equipment:	'
Schedule of Property and Equipment	'
	Property and equipment consist of the following:

		31-Mar-14			30-Jun-13
	Equipment	$	172,348		$	169,204
	Furniture & Fixtures		72,118			72,118
	Leasehold Improvements		79,793			68,142
	Computer Software		3,000			3,000
	Less: Accumulated Depreciation		(90,131	)		(41,143	)

Schedule_of_Intangible_Assets_

Schedule of Intangible Assets (Tables)	9 Months Ended
Schedule of Intangible Assets (Tables)	Mar. 31, 2014
Schedule of Intangible Assets:	'
Schedule of Intangible Assets	'
	Intangible assets consist of the following:

		31-Mar-14			30-Jun-13
	Domain names	$	298,389		$	298,389
	Website development costs		183,667			157,813
	Less: Accumulated amortization		(42,280	)		(15,453	)
		$	439,776		$	440,749

	Amortization expense for the periods was as follows:

		Nine Months Ended March 31						Three Months Ended March 31				October 13, 2009(Inception) to
		2014			2013			2014		2013		31-Mar-14
	Amortization expense	$	26,827		$	1,250		$	9,266	$	1,250	$	42,280

Schedule_of_Future_Minimum_Ren

Schedule of Future Minimum Rental Payments (Tables)	9 Months Ended
Schedule of Future Minimum Rental Payments (Tables)	Mar. 31, 2014
Schedule of Future Minimum Rental Payments:	'
Schedule of Future Minimum Rental Payments	'
	At March 31, 2014 the future rental commitments are approximately as follows:

	Year ending June 30,

		Amount
	2014 (3 months)	$	12,500
	2015		51,000
	2016		53,000
	2017		55,000
	2018		56,000
	Thereafter		77, 000
	Total	$	304,500

Schedule_of_common_stock_issue

Schedule of common stock issues (Tables)	9 Months Ended
Schedule of common stock issues (Tables)	Mar. 31, 2014
Schedule of common stock issues:	'
Schedule of common stock issues	'
	ECI issued the following shares of common stock from October 13, 2009 (Inception) through June 30, 2010:

	Transaction Type	Quantity		Valuation
	Services – related parties (1)		89,112	$	4,275


	ECI issued the following shares of common stock for the year ended June 30, 2011:

	Transaction Type	Quantity		Valuation
	Cash – third parties		3,431	$	102,101


	ECI issued the following shares of common stock for the year ended June 30, 2012:

	Transaction Type	Quantity		Valuation
	Cash – related party		68,788	$	950,000
	Cash – third parties		111,595		2,867,705
	Direct offering costs – third parties (2)		3,127		96,000
	Services – related party (2)		1,668		60,000
	Services – third parties (1)		5,836		182,199
	Services – third parties (1)		261		6,449
			191,275	$	4,162,353

Acquisition_of_Barossa_Coffee_

Acquisition of Barossa Coffee Company as a Reverse Recapitalization (Details) (USD $)	Aug. 30, 2012
Acquisition of Barossa Coffee Company as a Reverse Recapitalization	'
Shares of common stock of BCCI issued to ECI in exchange	4,260,690
ECI's issued and outstanding common stock acquired by BCCI	$15,570,077
Percentage of acquisition by BCCI	84.73%
Issue of restricted shares of newly issued common stock of BCCI	3,894,668
Exchange ratio of newly issued shares of BCCI common stock for every one share of ECI common stock	$0.25
Percentage of common stock issued to former ECI stockholders	89.20%
Pursuant to the Exchange Agreement, as extended, ECI paid a total of amount	245,000
BCCI in seven scheduled payments, including a final payment	165,000
BCCI used an amount to redeem and cancel the shares	215,000
BCCI used the remaining to pay certain consultants for services rendered	30,000
ECI also paid total extension penalties to BCCI as of closing	$37,539
Shares of its pre-exchange common stock from the Principal BCCI Stockholders redeemed	4,260,690

History_of_financial_stability

History of financial stability (Details) (In Millions) (USD $)	Mar. 31, 2014
History of financial stability	'
Since inception the Company has incurred a net loss of approximately	$8.80
Net cash used in operations of approximately	7.7
The Company has a working capital deficit of approximately	$1.20

Advertising_and_marketing_expe

Advertising and marketing expenses (Details) (USD $)	3 Months Ended		9 Months Ended		54 Months Ended
Advertising and marketing expenses (Details) (USD $)	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014
Advertising and marketing expenses	'	'	'	'	'
Advertising	$3,505	$17,997	$59,234	$25,959	$116,879
Marketing	55,989	150,332	431,864	277,745	1,029,490
Total Advertising and marketing expenses	$59,494	$168,329	$491,098	$303,704	$1,146,369

Potential_common_stock_equival

Potential common stock equivalents (Details)	Mar. 31, 2014	Jun. 30, 2013
Potential common stock equivalents	'	'
Common stock warrants - ECI	10,000	2,480,500
Common stock warrants - ECHI	3,777,145	790,377
Unvested stock grants - ECI	0	478
Unvested stock grants - ECHI	130	890
Total common stock equivalents	3,787,275	3,272,245

Property_and_equipment_consist

Property and equipment consist of the following (Details) (USD $)	Mar. 31, 2014	Jun. 30, 2013
Property and equipment consist of the following	'	'
Equipment	$172,348	$169,204
Furniture & Fixtures	72,118	72,118
Leasehold Improvements	79,793	68,142
Computer Software	3,000	3,000
Less: Accumulated Depreciation	-90,131	-41,143
Total Property and equipment	$237,128	$271,321

The_estimated_future_amortizat

The estimated future amortization expense of in service website development costs (Details) (USD $)	Mar. 31, 2014
The estimated future amortization expense of in service website development costs	'
For the year ending June 30, 2014 for three months	$10,000
For the year ending June 30, 2015	37,000
For the year ending June 30, 2016	46,000
Total estimated future amortization expense	$93,000

Borrowings_from_Asher_Enterpri

Borrowings from Asher Enterprises (Details) (USD $)	Mar. 31, 2014	Jan. 28, 2014	Dec. 17, 2013
Borrowings from Asher Enterprises	'	'	'
Funds borrowed from Asher Enterprises	'	$42,500	$83,500
Legal costs on borrowings	'	2,500	3,500
The note bears interest at a rate per annum from the issuance date	'	8.00%	8.00%
Default interest rate per annum	'	22.00%	22.00%
Time period in days for conversion of debt	'	180	180
Percentage of payment to be made in the event of option of prepayment	'	'0.0000	'0.0000
Funds borrowed from third parties under promissory notes	415,000	'	'
Accrued interest on funds from third parties under promissory notes	$21,522	'	'

Future_rental_commitments_are_

Future rental commitments are approximately as follows (Details) (USD $)	Mar. 31, 2014
Future rental commitments are approximately as follows:	'
Future rental commitments for Year ending June 30, 2014 for three months	$12,500
Future rental commitments for Year ending June 30, 2015	51,000
Future rental commitments for Year ending June 30, 2016	53,000
Future rental commitments for Year ending June 30, 2017	55,000
Future rental commitments for Year ending June 30, 2018	56,000
Total Future rental commitments	$304,500

Rental_expenses_for_the_period

Rental expenses for the periods were as follows (Details) (USD $)	3 Months Ended		9 Months Ended		54 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014
Rental expenses for the periods were as follows	'	'	'	'	'
Rent expense	$21,169	$10,366	$55,745	$16,079	$87,849

Related_parties_payments_of_co

Related parties payments of costs (Details) (USD $)	3 Months Ended		9 Months Ended		54 Months Ended
Related parties payments of costs (Details) (USD $)	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014
Direct Offering Cost	'	'	'	'	'
Finder Fees - Related Parties	$0	$0	$0	$0	$22,295
Finder Fees - Former Related Parties	0	0	131,056	102,531	796,991
Consulting Fees - Related Parties	0	0	0	0	'
Consulting Fees - Former Related Parties	$0	$0	$146,621	$173,336	$1,455,402

Preferred_stock_transactions_D

Preferred stock transactions (Details) (USD $)	Mar. 31, 2014	Jul. 26, 2013	1-May-13	Jun. 30, 2012
Preferred Stock ECI	'	'	'	'
Shares of Preferred Stock authorized	'	'	'	1,000,000
Shares of Preferred Stock par value per share	'	'	'	$0.00
Shares designated as Series A and were issued to the CEO	'	'	'	1,000,000
Series A Preferred Stock was valued for the fair value of services rendered	'	'	'	$71,600
Shares of a newly designated series of stock	'	'	25,013	'
ECI Series A Preferred Shares owned by the CEO exchanged	'	'	100,000	'
Each of the New Preferred Shares entitles the CEO to have votes	'	'	500	'
Total votes CEO have through his ownership of shares of the Company's common stock	'	'	12,506,500	'
Series B Convertible Preferred Stock	'	434,554	'	'
The fair value of the shares resulting in a dividend	'	$3,007,114	'	'
Series B Preferred Shares were converted in to common shares	5,575,900	'	'	'
Series B Preferred Shares were converted	111,518	'	'	'

Common_stock_issues_Details

Common stock issues (Details ) (USD $)	Mar. 31, 2014
Quantity	'
Services - related parties (1)	89,112
Services - related parties (1)	89,112
Cash - third parties	3,431
Cash - related party	68,788
Cash - third parties	111,595
Direct offering costs - third parties (2)	$3,127
Services - related party (2)	1,668
Services - third parties (1)	5,836
Services - third parties (1)	261
Total common stock issues	191,275
Valuation	'
Services - related parties (1)	4,275
Services - related parties (1)	4,275
Cash - third parties	102,101
Cash - related party	950,000
Cash - third parties	2,867,705
Direct offering costs - third parties (2)	$96,000
Services - related party (2)	60,000
Services - third parties (1)	182,199
Services - third parties (1)	6,449
Total common stock issues	4,162,353

Restricted_stock_Granted_Detai

Restricted stock Granted (Details)	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Restricted stock Granted	'	'	'	'
Restricted stock of 521 Granted in Feb, 2012	0	173	261	87
Restricted stock of 782 Granted in march, 2012	0	137	516	129
Restricted stock of 27,079 Granted in may, 2012	0	0	24,996	2,083
Restricted stock of 521 Granted in September. 2012	62	264	195	0
Restricted stock of 28,903 Granted	62	574	25,968	2,299

Subsequent_transactions_Detail

Subsequent transactions (Details) (USD $)	11-May-14	Apr. 01, 2014
Subsequent transactions	'	'
ECHI issued units, containing common stock and warrants, at prices	'	'ranging from .60 to 1 per unit
Warrants exercise price per share	'	$1
Number of shares issued for third party services	'	4,210
Value of shares issued for third party services	'	$583
Conversion of Series B Preferred stock	'	1,240,350
Value of Conversion of Series B Preferred stock	'	0
Sale of Common Stock and Warrants	'	591,332
Value of Sale of Common Stock and Warrants	'	435,000
Total of subsequent issues in shares	'	1,835,892
Total of subsequent issues in value	'	435,583
The agreement provides for the immediate issuance of restricted shares of the Company's common stock	'	100,000
Maximum amount of shares of ECI that may be rescinded is approximately	355,000	'
Amount required by the Company to pay approximately	$206,000	'