eCareer 10-Q 13 Feb 15 2015 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Dec. 31, 2014	Feb. 02, 2015
Entity Registrant Name	eCareer Holdings, Inc.
Entity Central Index Key	1332572
Document Type	10-Q
Document Period End Date	31-Dec-14
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?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		22,680,717
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2015

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)	Dec. 31, 2014	Jun. 30, 2014
Current assets
Cash and cash equivalents	$7,484	$8,303
Total current assets	7,484	8,303
Property and equipment, net	190,126	223,405
Other assets
Intangible assets, net	408,835	430,510
Total other assets	408,835	430,510
Total assets	606,445	662,218
Current liabilities
Accounts payable	292,566	331,919
Accrued liabilities	312,414	302,657
Notes payable - shareholders, net of discount	249,565	201,153
Convertible notes, net of discounts	1,690	79,543
Derivative liabilities	2,407	26,011
Third party notes	250,000	280,000
Total current liabilities	1,108,642	1,221,283
Stockholders' equity (deficit)
Common stock, $0.001 par value, 50,000,000 shares authorized, 25,838,184 and 15,666,038 shares issued, and 25,772,326 and 15,575,112 shares outstanding, respectively	25,772	15,574
Additional paid-in capital	13,186,579	12,085,682
Accumulated deficit	-13,669,512	-12,653,577
Subscription receivable	-29,000	0
Non-controlling interest	-16,302	-7,029
Total stockholders' equity (deficit)	-502,197	-559,065
Total liabilities and stockholders' equity (deficit)	606,445	662,218
Preferred Stock A
Stockholders' equity (deficit)
Preferred stock: Series A preferred stock, $0.001 par value, 1,000,000 shares authorized, 25,013 shares issued and outstanding; Series B preferred stock, $0.001 par value, 1,000,000 shares authorized, 240,906 and 260,308 shares issued and outstanding, respectively	25	25
Preferred Stock B
Stockholders' equity (deficit)
Preferred stock: Series A preferred stock, $0.001 par value, 1,000,000 shares authorized, 25,013 shares issued and outstanding; Series B preferred stock, $0.001 par value, 1,000,000 shares authorized, 240,906 and 260,308 shares issued and outstanding, respectively	$241	$260

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2014	Jun. 30, 2014
Common Stock, par value	$0.00	$0.00
Common Stock, shares authorized	50,000,000	50,000,000
Common Stock, shares issued	25,838,184	15,666,038
Common Stock, shares outstanding	25,772,326	15,575,112
Preferred Stock A
Preferred Stock, par value	$0.00	$0.00
Preferred Stock, shares authorized	1,000,000	1,000,000
Preferred Stock, shares issued	25,013	25,013
Preferred Stock, shares outstanding	25,013	25,013
Preferred Stock B
Preferred Stock, par value	$0.00	$0.00
Preferred Stock, shares authorized	1,000,000	1,000,000
Preferred Stock, shares issued	240,906	260,308
Preferred Stock, shares outstanding	240,906	260,308

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Condensed Consolidated Statements Of Operations
Revenue, net	$2,725	$19,671	$3,813	$30,682
Advertising and marketing	2,072	207,844	9,616	431,604
Salaries and benefits	66,529	291,168	210,705	639,451
Professional and consulting fees	65,359	103,130	165,217	373,150
Shareholder relations	172,765	139,697	291,460	191,061
General and administrative	119,428	174,839	236,964	326,977
Total operating expenses	426,153	916,678	913,961	1,962,243
Loss from operations	-423,428	-897,007	-910,148	-1,931,561
Gain on change in fair value of derivative liabilities	3,373	0	23,604	0
Interest income (expense)	-50,155	1,723	-138,663	-14,251
Total other income (expense)	-46,782	1,723	-115,059	-14,251
Net loss	-470,210	-895,284	-1,025,207	-1,945,812
Less: Net profit (loss) attributable to non-controlling interest	4,222	-80,320	9,273	30,589
Net loss attributable to eCareer Holdings, Inc.	($465,988)	($975,604)	($1,015,934)	($1,915,223)
Net loss per share - basic and fully diluted	($0.02)	($0.14)	($0.05)	($0.29)
Weighted average number of common shares outstanding - basic and fully diluted	22,992,635	7,104,068	19,933,132	6,711,534

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	($1,025,207)	($1,945,812)
Depreciation	33,279	32,479
Amortization of intangible assets	26,575	17,561
Amortization of note discounts	79,792	0
Common stock issued for services	3,387	7,665
Employee stock compensation	2,500	0
Change in fair value of derivative liabilities	-23,604	0
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	0	124,519
Accounts payable and accrued liabilities	-29,596	193,205
Net cash used in operating activities	-932,875	-1,570,383
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of intangible assets	-4,900	-25,854
Purchases of property and equipment	0	-11,472
Net cash used in investing activities	-4,900	-37,326
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of shareholder note payable	-28,000	0
Repayment of convertible notes payable	-81,233	0
Proceeds from exercise of warrants	323,500	320,500
Proceeds from third party notes payable	0	652,782
Repayment of third party notes payable	-30,000	-100,000
Proceeds from sale of common stock	780,000	136,250
Proceeds from sale of subsidiary common stock and exercise of warrants	0	632,101
Payment of offering costs	-27,311	-198,961
Net cash provided by financing activities	936,956	1,442,672
Net decrease in cash and cash equivalents	-819	-165,037
Cash and cash equivalents - beginning of year/period	8,303	214,483
Cash and cash equivalents - end of period	7,484	49,446
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Payment of interest	34,055	0
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Common stock issued for services	3,387	7,665
Amortization of loan discounts	79,792	0
Change in fair value of derivative liabilities	-23,604	0
Exchange of subsidiary stock for ECHI common stock	0	2,048
Issuance of series B preferred stock as a dividend	0	2,991,461
Conversion of series B preferred stock for common stock	$951	$2,889

1_Organization_and_Nature_of_O

1. Organization and Nature of Operations	6 Months Ended
	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements:
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. upon the reverse acquisition on April 11, 2013, and is headquartered in Boca Raton, Florida.
	The Company’s fiscal year end is June 30.
	The Company is a provider of niche industry websites designed to brand client candidates to active and passive companies within each niche. Site features include: industry news, social media groups, niche-specific content, and industry specific job postings. Access to the sites is free to users, and revenue is intended to be generated through advertising, resume searches, and job board functions. The Company’s first site, Openreq.com, was publicly launched on January 1, 2013.

2_Going_Concern

2. Going Concern	6 Months Ended
	Dec. 31, 2014
Going Concern:
Going Concern	As reflected in the accompanying unaudited consolidated financial statements, since inception the Company has incurred a net loss of approximately $13.7 million. As of December 31, 2014, the Company has a working capital deficit of approximately $1.1 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 and outside funding sources. In addition, the Company 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 the issuance of equity and/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 is approximately $155,000 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 unaudited consolidated 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 unaudited consolidated 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.

3_Summary_of_Significant_Accou

3. Summary of Significant Accounting Policies	6 Months Ended
	Dec. 31, 2014
Accounting Policies:
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, 2014, 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, 2014 and 2013. The financial information as of June 30, 2014, is derived from the audited financial statements presented in our Annual Report on Form 10-K for the year ended June 30, 2014. The interim results for the six months ended December 31, 2014, are not necessarily indicative of the results to be expected for the year ending June 30, 2015, or for any future interim periods.
	New Accounting Pronouncements
	Except as set forth below, management does not believe that any other recently issued, but not yet effective, accounting standards could have a material effect on the accompanying unaudited consolidated financial statements. As new accounting pronouncements are issued, the Company will adopt those that are applicable under the circumstances.
	In June 2014, FASB issued Accounting Standards Update (“ASU”) No. 2014-10, “Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation”. The update removes all incremental financial reporting requirements from GAAP for development stage entities, including the removal of Topic 915 from the FASB Accounting Standards Codification. The update is effective for the annual reporting periods beginning after December 15, 2014, including interim periods within that reporting period.  The Company has elected to adopt the provisions of this ASU early, accordingly all of the past disclosures and presentations on development stage accounting have been eliminated.
	Principles of Consolidation
	The financial statements are presented on a consolidated basis for ECHI and ECI, and the resulting non-controlling interest in ECI. All intra-company transactions have been eliminated on consolidation.
	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.
	Concentration of Credit Risk
	The Company currently maintains cash balances at one FDIC-insured banking institution. Deposits held in noninterest-bearing transaction accounts are insured up to a maximum of $250,000 at all FDIC-insured institutions.
	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 $7,484 and $8,303 at December 31, 2014 and June 30, 2014, 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	5
	Computer software	5
	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 six months ended December 31, 2014 and 2013.
	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:
		1)	Initial stage (planning), whereby the related costs are expensed.
		2)	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.
		3)	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 six months ended December 31, 2014 and 2013.
	Derivative Instruments
	The Company evaluates its convertible debt, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for in accordance with paragraph 810-10-05-4 of the FASB Accounting Standards Codification and paragraph 815-40-25 of the FASB Accounting Standards Codification. The result of this accounting treatment is that the fair value of the embedded derivative is marked-to-market each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the Statement of Operations as other income or expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. As of December 31, 2014, the derivative liabilities were $2,407.
	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. The Company’s arrangements do 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 was as follows:
			Three Months Ended				Six Months Ended
			31-Dec				31-Dec
			2014		2013		2014		2013
	Advertising		$	0	$	33,496	$	0	$	55,729
	Marketing			2,072		174,348		9,616		375,875
			$	2,072	$	207,844	$	9,616	$	431,604
	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 six months ended December 31, 2014 and 2013.
	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:
			31-Dec-14		30-Jun-14
	Common stock warrants – ECI			10,000		10,000
	Common stock warrants - ECHI			8,691,692		5,061,976
	Unvested stock grants - ECHI			62,497		87,499
	Total common stock equivalents			8,764,189		5,159,475
	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 accounts payable, accrued liabilities, notes payable, and convertible note. The carrying amounts of the Company’s financial instruments generally approximated their fair values as of December 31, 2014 and June 30, 2014, respectively due to the short-term nature of these instruments and the Company’s borrowing rate of interest.
Reclassifications
Certain items have been reclassified to conform to the current period’s presentation.

4_Property_and_Equipment

4. Property and Equipment	6 Months Ended
	Dec. 31, 2014
Property and Equipment
Property and Equipment	Property and equipment consist of the following:
		31-Dec-14			30-Jun-14
	Equipment	$	111,647		$	111,647
	Furniture & Fixtures		72,118			72,118
	Leasehold Improvements		82,710			82,710
	Computer Software		63,701			63,701
			330,176			330,176
	Less: Accumulated Depreciation		(140,050	)		(106,771	)
		$	190,126		$	223,405
	Depreciation expense for the three and six months ended December 31, 2014 and 2013, was $16,640 and $16,466, and $33,279 and $32,479, respectively.

5_Intangible_Assets

5. Intangible Assets	6 Months Ended
	Dec. 31, 2014
Intangible Assets
Intangible Assets	Intangible assets consist of the following:
		31-Dec-14			30-Jun-14
	Domain names	$	298,389		$	298,389
	Website development costs		188,567			183,667
			486,956			482,056
	Less: Accumulated Depreciation		(78,121	)		(51,546	)
		$	408,835		$	430,510
	Amortization expense for website development costs for the three and six months ended December 31, 2014 and 2013, was $17,309 and $9,266, and $26,575 and $17,561, respectively.
	Certain of the intangible assets were placed in service during the current period. 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
	2015 (6 months)	$	23,234
	2016		39,209
	2017		26,762
	2018		16,932
	2019		8,194
	Total	$	114,331

6_Notes_Payable_and_Derivative

6. Notes Payable and Derivative Liabilities	6 Months Ended
	Dec. 31, 2014
Notes Payable and Derivative Liabilities
Notes Payable and Derivative Liabilities	Third party notes
	As of December 31, 2014, the Company had outstanding 3 notes from third parties for a total amount of $250,000. The notes bear interest at a rate of 10%. Principal is to be paid upon maturity, at various dates through December 2015. At December 31, 2014, accrued interest amounted to $47,297. Certain of the notes are collateralized by the Company’s common stock and, upon default, would subject the Company to issuing common shares equivalent to $499,000, resulting in dilution of ownership of current stockholders.
	Interest expense on the third parties notes for the three months ended December 31, 2014 and 2013, were $7,257 and $2,954, respectively, and for the six months ended December 31, 2014 and 2013, was $19,125 and $2,954, respectively.
	Convertible notes
	On December 17, 2013 and January 28, 2014, the Company entered into securities purchase agreements (the “Purchase Agreement”) with an investor and issued convertible promissory notes in the amount of $83,500 and $42,500, respectively (the “Notes”).  The Notes bear interest at 8% per annum and matured on December 19, 2014 and October 30, 2014, respectively. The Notes may be converted into unregistered shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), at the Conversion Price, as defined below, in whole, or in part, at any time beginning 180 days after the issuance of the note.  The Conversion Price of both Notes shall be equal to 58% multiplied by the Variable Conversion Rate that is equal to the average of the three (3) lowest closing bid prices of the Common Stock during the ten (10) trading day period prior to the date of conversion. The Notes also contain prepayment options whereby the Company may make payments to the holder based on the length of time the Notes have been outstanding, upon three (3) trading days’ prior written notice to the holder. During the first 60 days, the Company may make a payment to the holder equal to 130% of the then outstanding unpaid principal and interest, from days 61 until 120 days, the Company may make a payment to the holder equal to 135% of the then outstanding unpaid principal and interest, from days 121 until 180, days the Company may make a payment to the holder equal to 140% of the then outstanding unpaid principal and interest, after 180 days, the Company has no right of prepay. In the event of default before the maturity dates, the payment is immediately due, in the amount of 150% of the outstanding unpaid principal, along with interest and any penalties.
	Interest expense on the convertible notes for six months ended December 31, 2014, was $30,230, including $3,380 of discount amortization, and $25,705 of prepayment fees. As of December 31, 2014, the $83,500 Note had been repaid and the balance owed on the $42,500 promissory note was $5,452, which includes $3,762 of interest and penalties. The Company is currently in negotiations with the investor to extend the maturity date on the balance of the $42,500 Note and no additional penalties are anticipated.
	Derivative analysis
	The promissory Notes are convertible into common stock of the Company at variable conversion rates that provides a fixed return to the note-holder. Under the terms of the notes, the Company could be required to issue additional shares in the event of a default. Due to these provisions, the conversion feature is subject to derivative liability treatment under Section 815-40-15 of the FASB Accounting Standard Codification (“Section 815-40-15”) (formerly FASB Emerging Issues Task Force (“EITF”) 07-5). The Notes have been measured at fair value using the Black-Scholes model at each reporting period with gains and losses from the change in fair value of derivative liabilities recognized in the consolidated statement of operations. The conversion feature was recorded as a discount to the notes due to the beneficial conversion feature upon origination.
	The embedded derivatives of the remaining Notes were re-measured at December 31, 2014, yielding an aggregate gain on change in fair value of the derivatives of $23,604. The fair value of the derivative liability of the remaining note at December 31, 2014, was $2,407.
	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.
	Notes payable – shareholders
	The Company has a loan payable to a shareholder totaling $124,565 as of December 31, 2014. During the 6 months ended December 31, 2014, the Company had repaid $28,000. This loan is unsecured and non-interest bearing.
	In March 2014, the Company entered into a promissory note for $125,000 with a shareholder. The note bears a 10% interest rate and was originally due on December 31, 2014. The maturity date was extended to December 31, 2015. At December 31, 2014, accrued interest amounted to $13,293. The note is collateralized with $137,500 worth of the Company’s common stock that, upon default, would result in dilution of ownership of current stockholders.
	The note also required the Company to issue 400,000 shares of common stock to the note holder. Using Black-Scholes, the share issuance was valued at $228,000 and recorded as a discount against the note for $125,000 and an immediate additional interest expense of $103,000. Interest expense on the note for the three and six months ended December 31, 2014, was $42,369 and $84,737, respectively, including $38,206 and $76,412 of discount amortization, respectively. The discount has been fully amortized at December 31, 2014, however the principal of $125,000 remains pending.

7_Stockholders_Equity

7. Stockholders Equity	6 Months Ended
	Dec. 31, 2014
Stockholders Equity
Stockholders Equity	Preferred Stock – ECHI
	As of June 30, 2012, ECHI had 1,000,000 shares of Preferred Stock authorized, $0.001 par value per share. 25,013 shares were designated as series A and were issued to Mr. Azzata. The ECHI Preferred Shares were valued at $71,600 ($0.72/share) for the fair value of services rendered.
	Each of the Preferred Shares entitles Mr. Azzata 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.
	Series A Preferred Stock has the following provisions:
		·	Voting rights entitling the holder to 500 votes per share,
		·	Non-convertible,
		·	No rights to dividends,
		·	No liquidation value,
		·	Non-participating
		·	Non-cumulative,
		·	No put option; and
		·	Non-redeemable.
	13
	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 432,366 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 $2,995,088. As of December 31, 2014, 193,648 Series B Preferred Shares were converted into 9,585,500 shares of Common Stock.
	From July 1, 2014 through December 31, 2014, the Company issued the following common stock:
	Transaction Type		Quantity		Valuation
	Issued for cash			9,177,047	$	1,132,500
	Conversion of Series B Preferred stock			970,100		0
	Employee stock compensation			25,000		2,500
	Services – third parties			25,067		3,387
				10,197,214	$	1,138,387
	The Company paid direct offering costs for the six months ended December 31, 2014, of $27,311, associated with capital raising activities.

8_Warrants

8. Warrants	6 Months Ended
	Dec. 31, 2014
Warrants
Warrants	The following is a summary of the Company’s and its subsidiary’s warrant activity:
		ECHI			ECI
	Beginning Balance, July 1, 2014		5,061,976			10,000
	Purchases		6,509,716			0
	Conversions		0			0
	Exercised		(2,880,000	)		0
	Ending Balance, December 31, 2014		8,691,692			10,000

9_Commitment_and_Contingencies

9. Commitment and Contingencies	6 Months Ended
	Dec. 31, 2014
Commitment and Contingencies
Commitment and Contingencies	The Company has an operating lease expiring in October 2019.
	At December 31, 2014, the future rental commitments are approximately as follows:
	Year ending June 30,
		Amount
	2015 (6 months)	$	26,000
	2016		53,000
	2017		55,000
	2018		56,000
	2019		58,000
	Thereafter		19,000
	Total	$	267,000
	Rent expense, including common area charges, for six months ended December 31, 2014 and 2013 was $43,864 and $34,577, respectively. The increase in expense for the six months ended December 31, 2014 is the result of the Company amending its lease for additional office space on November 1, 2013.
	There is an accrued liability for unpaid payroll taxes for the 2014 calendar year as reflected on the balance sheet.

10_Related_Party_Transaction

10. Related Party Transaction	6 Months Ended
	Dec. 31, 2014
Related Party Transaction
Related Party Transaction	Effective April 1, 2011, the Chief Executive Officer appointed two new Directors. On May 31, 2011, each of the directors resigned. These individuals are referenced to as “former related parties”.
	During the three and six months ended December 31, 2013 the Company paid fees to former related parties associated with capital raising activities of $55,451 and $131,056, respectively. No such fees were paid during the three and six month periods ended December 31, 2014.
	During the three and six months ended December 31, 2013, the Company paid consulting fees to former related parties of $68,000 and $146,621, respectively. No such fees were paid the three and six month periods ended December 31, 2014. The agreements included the following provisions:
		·	One year term,
		·	Flat fee retainer,
		·	Additional fees based on expanded services,
		·	Services include shareholder relations and business strategy
	Consulting fees are reflected in the statements of operations as a component of shareholder relations.
	A director was paid management-consulting fees of $24,500 and $49,000 for the three and six months ended December 31, 2014, respectively. No such fees were paid during the three and six month periods ended December 31, 2013. These fees are reflected in the statement of operations as professional and consulting fees.
	Effective January 7, 2013, ECI entered into an employment agreement with the CEO. The agreement has a term of three years and provides compensation that includes an annual salary of $225,000, health insurance at no cost and a monthly car allowance. The agreement also contains a non-compete covenant. In addition to the CEO’s annual salary, the Company also has the right to pay him a discretionary monthly bonus. For the quarter ended December 31, 2014, the Company and the CEO determined that previous bonuses of $44,596 were inaccurately accrued and this modification has been reversed and the agreement correctly modified.
	The Company has a loan payable to the CEO amounting to $124,565 (Note 6).
	Effective January 7, 2013, ECI entered into an employment agreement with the President. The agreement had a term of two years and provided compensation that includes an annual salary of $200,000, health insurance at no cost and a monthly car allowance. The agreement also contains a non-compete covenant. In addition to the President’s annual salary, the Company also has the right to pay him a discretionary monthly bonus. Effective May 23, 2014, the President resigned from ECHI but continues as a member of the Board of Directors.

11_Subsequent_Events

11. Subsequent Events	6 Months Ended
	Dec. 31, 2014
Subsequent Events
Subsequent Events	(A) Common Stock
	Subsequent to December 31, 2014, the Company issued the following shares of common stock:
			Quantity
	Transaction Type		Stock		Valuation
	Services – third parties (2) common stock			4,167	$	417
	Sale of Common Stock and Warrants (1)			385,000		38,500
	Exercise of Warrants			60,000		6,000
				449,167	$	44,917
		-1	The Company issued units containing common stock and warrants for $0.10. The warrants have a $1.00 exercise price and expire three years after issuance. 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 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.
	(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 November 14, 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 subscription s remote.
	(C) Convertible Notes Payable and Derivative Liabilities
	Through February 2, 2015, the Company paid $3,500 as a principal and prepayment fee to Asher on the $42,500 note. As of February 2, 2015, the total balance owed on the note is $1,952.
	(D) New Agreements
	A new agreement with DTN, a PR/Marketing company was entered into on February 1, 2015, for $5,000 per month.
	(E) Company Inquiry
	The Company has received an inquiry from a regulatory agency regarding a former vendor and is cooperating in that inquiry.

3_Summary_of_Significant_Accou1

3. Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2014
Significant Accounting Policies:
New Accounting Pronouncements	Except as set forth below, management does not believe that any other recently issued, but not yet effective, accounting standards could have a material effect on the accompanying unaudited consolidated financial statements. As new accounting pronouncements are issued, the Company will adopt those that are applicable under the circumstances.
	In June 2014, FASB issued Accounting Standards Update (“ASU”) No. 2014-10, “Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation”. The update removes all incremental financial reporting requirements from GAAP for development stage entities, including the removal of Topic 915 from the FASB Accounting Standards Codification. The update is effective for the annual reporting periods beginning after December 15, 2014, including interim periods within that reporting period.  The Company has elected to adopt the provisions of this ASU early, accordingly all of the past disclosures and presentations on development stage accounting have been eliminated.
Principles of Consolidation	The financial statements are presented on a consolidated basis for ECHI and ECI, and the resulting non-controlling interest in ECI. All intra-company transactions have been eliminated on consolidation.
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.
Concentration of Credit Risk	The Company currently maintains cash balances at one FDIC-insured banking institution. Deposits held in noninterest-bearing transaction accounts are insured up to a maximum of $250,000 at all FDIC-insured institutions.
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 $7,484 and $8,303 at December 31, 2014 and June 30, 2014, 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	5
	Computer software	5
	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 six months ended December 31, 2014 and 2013.
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:
		1)	Initial stage (planning), whereby the related costs are expensed.
		2)	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.
		3)	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 six months ended December 31, 2014 and 2013.
Derivative Instruments	The Company evaluates its convertible debt, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for in accordance with paragraph 810-10-05-4 of the FASB Accounting Standards Codification and paragraph 815-40-25 of the FASB Accounting Standards Codification. The result of this accounting treatment is that the fair value of the embedded derivative is marked-to-market each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the Statement of Operations as other income or expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. As of December 31, 2014, the derivative liabilities were $2,407.
Revenue Recognition	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. The Company’s arrangements do 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 was as follows:
			Three Months Ended				Six Months Ended
			31-Dec				31-Dec
			2014		2013		2014		2013
	Advertising		$	0	$	33,496	$	0	$	55,729
	Marketing			2,072		174,348		9,616		375,875
			$	2,072	$	207,844	$	9,616	$	431,604
Income Tax	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 six months ended December 31, 2014 and 2013.
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:
			31-Dec-14		30-Jun-14
	Common stock warrants – ECI			10,000		10,000
	Common stock warrants - ECHI			8,691,692		5,061,976
	Unvested stock grants - ECHI			62,497		87,499
	Total common stock equivalents			8,764,189		5,159,475
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 accounts payable, accrued liabilities, notes payable, and convertible note. The carrying amounts of the Company’s financial instruments generally approximated their fair values as of December 31, 2014 and June 30, 2014, respectively due to the short-term nature of these instruments and the Company’s borrowing rate of interest.
Reclassifications	Certain items have been reclassified to conform to the current period’s presentation.

3_Summary_of_Significant_Accou2

3. Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Dec. 31, 2014
Schedule of Accounting Policies:
Schedule of property lives	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 Advertising expense			Three Months Ended				Six Months Ended
			31-Dec				31-Dec
			2014		2013		2014		2013
	Advertising		$	0	$	33,496	$	0	$	55,729
	Marketing			2,072		174,348		9,616		375,875
			$	2,072	$	207,844	$	9,616	$	431,604
Schedule of Earnings Per Share			31-Dec-14		30-Jun-14
	Common stock warrants – ECI			10,000		10,000
	Common stock warrants - ECHI			8,691,692		5,061,976
	Unvested stock grants - ECHI			62,497		87,499
	Total common stock equivalents			8,764,189		5,159,475

4_Property_and_Equipment_Table

4. Property and Equipment (Tables)	6 Months Ended
	Dec. 31, 2014
Schedule of Property and Equipment:
Schedule of Property and Equipment
		31-Dec-14			30-Jun-14
	Equipment	$	111,647		$	111,647
	Furniture & Fixtures		72,118			72,118
	Leasehold Improvements		82,710			82,710
	Computer Software		63,701			63,701
			330,176			330,176
	Less: Accumulated Depreciation		(140,050	)		(106,771	)
		$	190,126		$	223,405

5_Intangible_Assets_Tables

5. Intangible Assets (Tables)	6 Months Ended
	Dec. 31, 2014
Schedule of Intangible Assets:
Schedule of Intangible Assets		31-Dec-14			30-Jun-14
	Domain names	$	298,389		$	298,389
	Website development costs		188,567			183,667
			486,956			482,056
	Less: Accumulated Depreciation		(78,121	)		(51,546	)
		$	408,835		$	430,510
Schedule of future amortization expense		Amount
	2015 (6 months)	$	23,234
	2016		39,209
	2017		26,762
	2018		16,932
	2019		8,194
	Total	$	114,331

7_Stockholders_Equity_Tables

7. Stockholders Equity (Tables)	6 Months Ended
	Dec. 31, 2014
Schedule of common stock issues:
Schedule of common stock issues	Transaction Type	Quantity		Valuation
	Issued for cash		9,177,047	$	1,132,500
	Conversion of Series B Preferred stock		970,100		0
	Employee stock compensation		25,000		2,500
	Services – third parties		25,067		3,387
			10,197,214	$	1,138,387

8_Warrants_Tables

8. Warrants (Tables)	6 Months Ended
	Dec. 31, 2014
Warrants Tables
Summary of warrant activity		ECHI			ECI
	Beginning Balance, July 1, 2014		5,061,976			10,000
	Purchases		6,509,716			0
	Conversions		0			0
	Exercised		(2,880,000	)		0
	Ending Balance, December 31, 2014		8,691,692			10,000

9_Commitment_and_Contingencies1

9. Commitment and Contingencies (Tables)	6 Months Ended
	Dec. 31, 2014
Schedule of Future Minimum Rental Payments:
Schedule of Future Minimum Rental Payments		Amount
	2015 (6 months)	$	26,000
	2016		53,000
	2017		55,000
	2018		56,000
	2019		58,000
	Thereafter		19,000
	Total	$	267,000

11_Subsequent_Events_Tables

11. Subsequent Events (Tables)	6 Months Ended
	Dec. 31, 2014
Subsequent Events Tables
Subsequent Events		Quantity
	Transaction Type	Stock		Valuation
	Services – third parties (2) common stock		4,167	$	417
	Sale of Common Stock and Warrants (1)		385,000		38,500
	Exercise of Warrants		60,000		6,000
			449,167	$	44,917

2_Going_Concern_Details_Narrat

2. Going Concern (Details Narrative) (USD $)	Dec. 31, 2014
Going Concern Details Narrative
Working capital deficit of approximately	$1,100,000	[1]
[1]	Approximately

3_Summary_of_Significant_Accou3

3. Summary of Significant Accounting Policies - Estimated Useful LIfe (Details)	6 Months Ended
	Dec. 31, 2014
Equipment [Member]
Estimated useful life of asset	5-7 Years
Furniture and Fixtures [Member]
Estimated useful life of asset	5 Years
Computer Software [Member]
Estimated useful life of asset	5 Years
Leasehold Improvements [Member]
Estimated useful life of asset	Lesser of 15 years or the term of the lease

3_Summary_of_Significant_Accou4

3. Summary of Significant Accounting Policies - Advertising and marketing expenses (Details) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Summary Of Significant Accounting Policies - Advertising And Marketing Expenses Details
Advertising	$0	$33,496	$0	$55,729
Marketing	2,072	174,348	9,616	375,875
Total Advertising and marketing expense	$2,072	$207,844	$9,616	$431,604

3_Summary_of_Significant_Accou5

3. Summary of Significant Accounting Policies- Potential common stock equivalents (Details)	6 Months Ended	12 Months Ended
	Dec. 31, 2014	Jun. 30, 2014
Total common stock equivalents	8,764,189	5,159,475
Common stock warrants - ECI
Common stock warrants	10,000	10,000
Unvested stock grants - ECHI
Unvested stock grants	62,497	87,499
Common stock warrants - ECHI
Common stock warrants	8,691,692	5,061,976

3_Summary_of_Significant_Accou6

3. Summary of Significant Accounting Policies (Details Narrative) (USD $)	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Summary Of Significant Accounting Policies Details Narrative
Cash and cash equivalents	$7,484	$8,303	$49,446	$214,483
Derivative liability	$2,407

4_Property_and_equipment_Compo

4. Property and equipment - Components (Details) (USD $)	Dec. 31, 2014	Jun. 30, 2014
Property and equipment consist of the following
Equipment	$111,647	$111,647
Furniture & Fixtures	72,118	72,118
Leasehold Improvements	82,710	82,710
Computer Software	63,701	63,701
Property and equipment, gross	330,176	330,176
Less: Accumulated Depreciation	-140,050	-106,771
Total Property and equipment	$190,126	$223,405

4_Property_and_Equipment_Detai

4. Property and Equipment (Details Narrative) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Property And Equipment - Depreciation Details Narrative
Depreciation expenses	$16,640	$16,466	$33,279	$32,479

5_Intangible_Assets_Amortizati

5. Intangible Assets - Amortization (Details) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Jun. 30, 2014
Intangible Assets	$486,956		$486,956		$482,056
Less: Accumulated amortization	-78,121		-78,121		-51,546
Net	408,835		408,835		430,510
Amortization expense			26,575	17,561
Domain names
Intangible Assets	298,389		298,389		298,389
Website development costs
Intangible Assets	188,567		188,567		183,667
Amortization expense	$17,309	$9,266	$26,575	$17,561

5_Intangible_Assets_Estimated_

5. Intangible Assets - Estimated future amortization expense (Details) (USD $)	Dec. 31, 2014
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
2015 (6months)	$23,234
2016	39,209
2017	26,762
2018	16,932
2019	8,194
Total estimated future amortization expense	$114,331

7_Stockholders_Equity_Common_s

7. Stockholders Equity - Common stock (Details) (USD $)	6 Months Ended
	Dec. 31, 2014
Stockholders Equity - Common Stock Details
Issuance of common stock Issued for cash	$1,132,500
Issuance of common stock Issued for cash (in shares)	9,177,047
Issuance of common stock Conversion of Series B Preferred stock	0
Issuance of common stock Conversion of Series B Preferred stock (in shares)	970,100
Employee stock compensation	2,500
Employee stock compensation (in shares)	25,000
Issuance of common stock for services	3,387
Issuance of common stock for services (in shares)	25,067
Value of total stock issued during period	$1,138,387
Total common stock issued during period	10,197,214

8_Warrants_Details

8. Warrants (Details)	6 Months Ended
	Dec. 31, 2014
ECHI
Beginning Balance, July 1, 2014	5,061,976
Purchases	6,509,716
Conversions	0
Exercised	-2,880,000
Ending Balance, December 31, 2014	8,691,692
ECI
Beginning Balance, July 1, 2014	10,000
Purchases	0
Conversions	0
Exercised	0
Ending Balance, December 31, 2014	10,000

9_Commitment_and_Contingencies2

9. Commitment and Contingencies (Details) (USD $)	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
2015 (6 months)	$26,000
2016	53,000
2017	55,000
2018	56,000
2019	58,000
Thereafter	19,000
Total	$267,000

9_Commitment_and_Contingencies3

9. Commitment and Contingencies (Detail Narrative) (USD $)	6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]
Rent expense	$43,864	$34,577

10_Related_Party_Transactions_

10. Related Party Transactions - Finders fees (Details) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Amounts Paid in Cash:
Finder fees - former related parties	$0	$55,451	$0	$131,056

10_Related_parties_payments_of

10. Related parties payments of costs (Details) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Direct Offering Cost
Consulting Fees - Former Related Parties	$0	$68,000	$0	$146,621