Nutex Health (NUTX) 10-Q 13 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	9 Months Ended
	Sep. 30, 2013	Nov. 13, 2013
Document and Entity Information:	'	'
Entity Registrant Name	'iGambit, Inc.	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-13	'
Amendment Flag	'false	'
Entity Central Index Key	'0001479681	'
Current Fiscal Year End Date	'--12-31	'
Entity Common Stock, Shares Outstanding	'	25,044,056
Entity Public Float	'	$0
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	'2013	'
Document Fiscal Period Focus	'Q3	'

IGAMBIT_INC_CONSOLIDATED_BALAN

IGAMBIT INC CONSOLIDATED BALANCE SHEETS SEPTEMBER 30, 2013 AND DECEMBER 31, 2012 (USD $)	Sep. 30, 2013	Dec. 31, 2012
Assets, Current	'	'
Cash and Cash Equivalents, at Carrying Value	$216,618	$104,721
Accounts Receivable, Net, Current	181,417	158,441
Prepaid Expense, Current	45,273	133,077
Notes, Receivable, Net	272,223	'
Assets from discontinued operations	320,590	320,590
Assets, Current	1,036,121	716,829
Assets, Noncurrent	'	'
Property and Equipment, Net	12,985	17,870
Deposits Assets, Noncurrent	9,420	11,220
Assets	1,058,526	745,919
Liabilities, Current	'	'
Accounts Payable, Current	415,060	433,958
Convertible Notes Payable	103,500	'
Notes Payable, related party	6,263	6,263
Liabilities, Current	524,823	440,221
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	'	'
Common Stock, Value, Outstanding	25,044	25,044
Additional Paid in Capital, Common Stock	2,729,000	2,729,000
Retained Earnings (Accumulated Deficit)	-2,220,341	-2,448,346
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	533,703	305,698
Liabilities and Equity	$1,058,526	$745,919

Statement_of_Financial_Positio

Statement of Financial Position - Parenthetical Igambit Inc September 30th 2013 and December 31, 2012 (USD $)	Sep. 30, 2013	Dec. 31, 2012
Condensed Consolidated Balance Sheets Parenthetical	'	'
Common Stock, Par Value	$0.00	$0.00
Common Stock, Shares Authorized	75,000,000	75,000,000
Common Stock, Shares Issued	25,044,056	25,044,056
Common Stock, Shares Outstanding	25,044,056	25,044,056
Common Stock, Value, Outstanding	$25,044	$25,044

IGAMBIT_INC_STATEMENT_OF_INCOM

IGAMBIT INC STATEMENT OF INCOME THREE AND NINE MONTHS ENDED SEPTEMBER 30TH 2013 AND 2012 (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenues	'	'	'	'
Sales Revenue, Net	$397,081	$416,429	$1,171,621	$1,325,945
Cost of Sales	134,014	163,308	399,392	640,919
Gross Profit	263,067	253,121	772,229	685,026
Operating Expenses	'	'	'	'
General and Administrative Expense	421,298	438,058	1,299,224	1,368,293
Operating Income (Loss)	-158,231	-184,937	-526,995	-683,267
Investment Income, Nonoperating	'	'	'	'
Investment Income, Net	'	257	'	12,978
Other Operating Income Rescission Agreement	'	'	755,000	'
Nonoperating Income (Expense)	'	257	755,000	12,978
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	-158,231	-184,680	228,005	-670,289
Current Income Tax Expense (Benefit)	'	-70,218	'	-254,691
Net Income (Loss) Attributable to Parent	($158,231)	($114,462)	$228,005	($415,598)
Earnings Per Share	'	'	'	'
Earnings Per Share, Basic and Diluted	($0.01)	$0	$0.01	($0.02)
Weighted Average Number of Shares Outstanding, Basic	25,044,056	23,954,056	25,044,056	23,954,056

IGAMBIT_INC_CONSOLIDATED_STATE

IGAMBIT INC CONSOLIDATED STATEMENTS OF CASH FLOWS NINE MONTHS ENDED SEPTEMBER 30TH 2013 AND 2012 (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Net Cash Provided by (Used in) Operating Activities	'	'
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$228,005	($415,598)
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities	'	'
Depreciation	4,885	6,373
Deferred Income Taxes and Tax Credits	'	-254,691
Increase (Decrease) in Operating Assets	'	'
Increase (Decrease) in Receivables	-22,976	110,905
Increase (Decrease) in Prepaid Expense and Other Assets	87,804	30
Increase (Decrease) Due from rescission agreement	-272,223	'
Increase (Decrease) in Operating Liabilities	'	'
Increase (Decrease) in Accounts Payable	-18,898	39,754
Net cash used by continuing operating activities	6,597	-513,227
Net cash used by discontinued operating activities	'	250,000
Net Cash Provided by (Used in) Operating Activities	6,597	-263,227
Net Cash Provided by (Used in) Investing Activities	'	'
Payments to Acquire Property, Plant, and Equipment	'	-6,447
Payments for (Proceeds from) Investments	1,800	-6,920
Proceeds from Sale and Collection of Notes Receivable	'	434,512
Net Cash Provided by (Used in) Investing Activities	1,800	421,145
Net Cash Provided by (Used in) Financing Activities	'	'
Proceeds from Notes Payable	103,500	'
Repayment of Loans from shareholders	'	-19,127
Net Cash Provided by (Used in) Financing Activities	103,500	-19,127
Cash and Cash Equivalents, Period Increase (Decrease)	111,897	138,791
Cash Beginning of Period	104,721	224,800
Cash End of period	216,618	363,591
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION	'	'
Cash paid during the period for Interest	2,644	1,478
Cash paid during the period for Income Taxes	'	4,125
Payments to Acquire Other Property, Plant, and Equipment	'	$5,300

Note_1_Organization_and_Basis_

Note 1 - Organization and Basis of Presentation	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 1 - Organization and Basis of Presentation	'
	Note 1 - Organization and Basis of Presentation
	The consolidated financial statements presented are those of iGambit Inc., (the “Company”) and its wholly-owned subsidiary, Gotham Innovation Lab Inc. (“Gotham”). The Company was incorporated under the laws of the State of Delaware on April 13, 2000. The Company was originally incorporated as Compusations Inc. under the laws of the State of New York on October 2, 1996.  The Company changed its name to BigVault.com Inc. upon changing its state of domicile on April 13, 2000.  The Company changed its name again to bigVault Storage Technologies Inc. on December 21, 2000 before changing to iGambit Inc. on April 5, 2006.  Gotham was incorporated under the laws of the state of New York on September 23, 2009.  The Company is a holding company which seeks out acquisitions of operating companies in technology markets.  Gotham is in the business of providing media technology services to real estate agents and brokers in the New York metropolitan area.
	Interim Financial Statements
	The following (a) condensed consolidated balance sheet as of December 31, 2012, which has been derived from audited financial statements, and (b) the unaudited condensed consolidated interim financial statements of the Company have been prepared in accordance with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the nine months ended September 30, 2013 are not necessarily indicative of results that may be expected for the year ending December 31, 2013. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2012 included in the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission (“SEC”) on June 20, 2013.
	.

Note_2_Discontinued_Operations

Note 2 - Discontinued Operations	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 2 - Discontinued Operations	'
	Note 2 – Discontinued Operations
	Sale of Business
	On February 28, 2006, the Company entered into an asset purchase agreement with Digi-Data Corporation (“Digi-Data”), whereby Digi-Data acquired the Company’s assets and its online digital vaulting business operations in exchange for $1,500,000, which was deposited into an escrow account for payment of the Company’s outstanding liabilities.  In addition, as part of the sales agreement, the Company received payments from Digi-Data based on 10% of the net vaulting revenue payable quarterly over five years.  The Company was also entitled to an additional 5% of the increase in net vaulting revenue over the prior year’s revenue.  These adjustments to the sales price were included in the discontinued operations line of the statements of operations for the year ended December 31, 2011, the last year of payments.
	The assets of the discontinued operations are presented in the balance sheets under the captions “Assets from discontinued operations”.  The underlying assets of the discontinued operations consist of accounts receivable of $320,590 as of September 30, 2013 and December 31, 2012, respectively. .
	Accounts Receivable
	Accounts receivable includes 50% of contingency payments earned for the previous quarters and are stated net of an allowance for bad debts of $250,000.

Note_3_Summary_of_Significant_

Note 3 - Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 3 - Summary of Significant Accounting Policies	'
	Note 3 – Summary of Significant Accounting Policies
	Principles of Consolidation
	The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Gotham Innovation Lab, Inc.  All intercompany accounts and transactions have been eliminated.
	Use of Estimates in the Preparation of Financial Statements
	The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. .
	Fair Value of Financial Instruments
	For certain of the Company’s financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, and amounts due to related parties, the carrying amounts approximate fair value due to their short maturities.  Additionally, there are no assets or liabilities for which fair value is remeasured on a recurring basis.
	Revenue Recognition
	The Company’s revenues are derived primarily from the sale of products and services rendered to real estate brokers.  Revenues are recognized upon delivery of the products or services.
	Advertising Costs
	The Company expenses advertising costs as incurred.  Advertising costs for the nine months ended September 30, 2013 and 2012 were $4,292 and $23,946, respectively.
	Cash and Cash Equivalents
	For purposes of reporting cash flows, cash and cash equivalents include checking and money market accounts and any highly liquid debt instruments purchased with a maturity of three months or less.
	Accounts Receivable
	The Company analyzes the collectability of accounts receivable from continuing operations each accounting period and adjusts its allowance for doubtful accounts accordingly.  A considerable amount of judgment is required in assessing the realization of accounts receivables, including the creditworthiness of each customer, current and historical collection history and the related aging of past due balances.  The Company evaluates specific accounts when it becomes aware of information indicating that a customer may not be able to meet its financial obligations due to deterioration of its financial condition, lower credit ratings, bankruptcy or other factors affecting the ability to render payment.  There was no bad debt expense charged to operations for the nine months ended September 30, 2013 and 2012, respectively. .
	Property and equipment and depreciation
	Property and equipment are stated at cost.  Depreciation for both financial reporting and income tax purposes is computed using combinations of the straight line and accelerated methods over the estimated lives of the respective assets.  Computer equipment is depreciated over 5 years and furniture and fixtures are depreciated over 7 years.  Maintenance and repairs are charged to expense when incurred.  When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts and any gain or loss is credited or charged to income.
	Depreciation expense of $4,885 and $6,373 was charged to operations for the nine months ended September 30, 2013 and 2012, respectively.
	Goodwill
	Goodwill represents the excess of the aggregate purchase price over the fair value of the net assets acquired in a business combination, specifically the acquisition of Jekyll by the Company’s subsidiary, Gotham.  In accordance with ASC Topic No. 350 “Intangibles – Goodwill and Other”, goodwill is not amortized, but instead is subject to an annual assessment of impairment by applying a fair-value based test, and is reviewed more frequently if current events and circumstances indicate a possible impairment. If indicators of impairment are present and future cash flows are not expected to be sufficient to recover the asset’s carrying amount, an impairment loss is charged to expense in the period identified. A lack of projected future operating results from Gotham’s operations may cause impairment.  At December 31, 2012, the Company performed its annual impairment study and determined that present and future cash flows were not expected to be sufficient to recover the carrying amount of goodwill, and the goodwill was written off. .
	.
	Stock-Based Compensation
	The Company accounts for its stock-based awards granted under its employee compensation plan in accordance with ASC Topic No. 718-20, Awards Classified as Equity, which requires the measurement of compensation expense for all share-based compensation granted to employees and non-employee directors at fair value on the date of grant and recognition of compensation expense over the related service period for awards expected to vest.  The Company uses the Black-Scholes option pricing model to estimate the fair value of its stock options and warrants. The Black-Scholes option pricing model requires the input of highly subjective assumptions including the expected stock price volatility of the Company’s common stock, the risk free interest rate at the date of grant, the expected vesting term of the grant, expected dividends, and an assumption related to forfeitures of such grants.  Changes in these subjective input assumptions can materially affect the fair value estimate of the Company’s stock options and warrants.
	Income Taxes
	The Company accounts for income taxes using the asset and liability method in accordance with ASC Topic No. 740, Income Taxes. Under this method, deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities, and are measured using the enacted tax rates and laws that are expected to be in effect when the differences are expected to reverse.
	The Company applies the provisions of ASC Topic No. 740 for the financial statement recognition, measurement and disclosure of uncertain tax positions recognized in the Company’s financial statements. In accordance with this provision, tax positions must meet a more-likely-than-not recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position.
	Recent Accounting Pronouncements
	The Company has reviewed recently issued, but not yet adopted, accounting standards in order to determine their effects, if any, on its results of operations, financial position or cash flows. Based on that review, the Company believes that none of these pronouncements will have a significant effect on its consolidated financial statements.
	.

Note_4_Earnings_Per_Common_Sha

Note 4 - Earnings Per Common Share	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 4 - Earnings Per Common Share	'
	Note 4 - Earnings Per Common Share
	The Company calculates net earnings (loss) per common share in accordance with ASC 260 “Earnings Per Share” (“ASC 260”). Basic and diluted net earnings (loss) per common share was determined by dividing net earnings (loss) applicable to common stockholders by the weighted average number of common shares outstanding during the period. The Company’s potentially dilutive shares, which include outstanding common stock options and common stock warrants, have not been included in the computation of diluted net earnings (loss) per share for all periods as the result would be anti-dilutive.
		Three Months Ended		Nine Months Ended
		September 30,		September 30,
		2013	2012	2013	2012
	Stock options	668,900	2,768,900	668,900	2,768,900
	Stock warrants	275,000	275,000	275,000	275,000
	Total shares excluded from calculation	943,900	3,043,900	943,900	3,043,900

Note_5_Stock_Based_Compensatio

Note 5 - Stock Based Compensation	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 5 - Stock Based Compensation	'
	Note 5 – Stock Based Compensation
	Stock-based compensation expense for all stock-based award programs, including grants of stock options and warrants, is recorded in accordance with "Compensation—Stock Compensation", Topic 718 of the FASB ASC. Stock-based compensation expense, which is calculated net of estimated forfeitures, is computed using the grant date fair-value and amortized over the requisite service period for all stock awards that are expected to vest. The grant date fair value for stock options and warrants is calculated using the Black-Scholes option pricing model. Determining the fair value of options at the grant date requires judgment, including estimating the expected term that stock options will be outstanding prior to exercise, the associated volatility of the Company’s common stock, expected dividends, and a risk-free interest rate. Stock-based compensation expense is reported under general and administrative expenses in the accompanying consolidated statements of operations.
	Options
	In 2006, the Company adopted the 2006 Long-Term Incentive Plan (the "2006 Plan").   Awards granted under the 2006 Plan have a ten-year term and may be incentive stock options, non-qualified stock options or warrants. The awards are granted at an exercise price equal to the fair market value on the date of grant and generally vest over a three or four year period. The Plan expired on December 31, 2009, therefore as of September 30, 2013, there was no unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the 2006 plan.
	The 2006 Plan provided for the granting of options to purchase up to 10,000,000 shares of common stock.  8,146,900 options have been issued under the plan to date of which 7,157,038 have been exercised and 692,962 have expired to date.  There were 296,900 options outstanding under the 2006 Plan on its expiration date of December 31, 2009. All options issued subsequent to this date were not issued pursuant to any plan.
	Stock option activity during the nine months ended September 30, 2013 and 2012 follows:
											Weighted
											Average
								Weighted			Remaining
							Average				Contractual
				Weighted
				Average
		Options		Exercise Price			Grant-Date         Fair Value				Life (Years)
		Outstanding
	Options outstanding at December 31, 2011		2,768,900	$	0.04		$			0.1	6.85
	No option activity		--		--					--
	Options outstanding at  September 30, 2012		2,768,900	$	0.04		$			0.1	6.1
	Options outstanding at  December 31, 2012		1,268,900	$	0.08		$			0.1	6.16
	Expired		-600,000		0.1					--
	Options outstanding at  September 30, 2013		668,900	$	0.06		$			0.1	4.94
	Options outstanding at September 30, 2013 consist of:
	Date		Number	Number		Exercise		Expiration
	Issued		Outstanding	Exercisable		Price		Date
	1-May-06		100,000	100,000		$0.01		1-May-16
	1-May-06		100,000	100,000		$0.01		1-May-16
	1-May-06		50,000	50,000		$0.01		1-May-16
	1-May-06		46.9	46,900		$0.01		1-May-16
	21-Jul-10		113,000	113,000		$0.10		21-Jul-20
	21-Jul-10		59,000	59,000		$0.10		21-Jul-20
	11-Jul-11		100,000	100,000		$0.10		11-Jul-21
	11-Jul-11		100,000	100,000		$0.10		11-Jul-21
	Total		668,900	668,900
	Warrants
	In addition to our 2006 Long Term Incentive Plan, we have issued and outstanding compensatory warrants to two consultants entitling the holders to purchase a total of 275,000 shares of our common stock at an average exercise price of $0.94 per share. Warrants to purchase 25,000 shares of common stock vest upon 6 months after the Company engages in an IPO, have an exercise price of $3.00 per share, and expire 2 years after the Company engages in an IPO. Warrants to purchase 250,000 shares of common stock vest 100,000 shares on issuance (June 1, 2009), and 50,000 shares on each of the following three anniversaries of the date of issuance, have exercise prices ranging from $0.50 per share to $1.15 per share, and expire on June 1, 2019. The issuance of the compensatory warrants was not submitted to our shareholders for their approval.
	Warrant activity during the nine months ended September 30, 2013 and 2012 follows:
											(1)Weighted
											Average
								Weighted			Remaining
				Weighted			Average				Contractual
				Average
		Warrants		Exercise Price			Grant-Date         Fair Value				Life (Years)
		Outstanding
	Warrants outstanding at December 31, 2011		275,000	$	0.94				$	0.1	7.42
	No warrant activity		--		--					--
	Warrants outstanding at September 30, 2012		275,000	$	0.94				$	0.1	6.92
	Warrants outstanding at December 31, 2012		275,000	$	0.94				$	0.1	6.42
	No warrant activity		--		--					--
	Warrants outstanding at September 30, 2013		275,000	$	0.94				$	0.1	5.67
	(1)   Exclusive of 25,000 warrants expiring 2 years after initial IPO.
	Warrants outstanding at September 30, 2013 consist of:
	Date		Number	Number		Exercise		Expiration
	Issued		Outstanding	Exercisable		Price		Date
	1-Apr-00		25,000	25,000		$3.00		2 years after IPO
	1-Jun-09		100,000	100,000		$0.50		1-Jun-19
	1-Jun-09		50,000	50,000		$0.65		1-Jun-19
	1-Jun-09		50,000	50,000		$0.85		1-Jun-19
	1-Jun-09		50,000	50,000		$1.15		1-Jun-19
	Total		275,000	275,000

Note_6_Convertible_Note_Payabl

Note 6 - Convertible Note Payable	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 6 - Convertible Note Payable	'
	Note 6 – Convertible Note Payable
	On September 16, 2013, the Company issued an 8% convertible note in the aggregate principal amount of $103,500, convertible into shares of the Company’s common stock.  The Note, including accrued interest is due June 18, 2014 and is convertible any time after 180 days at the option of the holder into shares of the Company’s common stock at 55% of the average stock price of the lowest 3 trading prices during the 10 trading day period ending on the latest complete trading day prior to the conversion date.

Note_7_Income_Taxes

Note 7 - Income Taxes	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 7 - Income Taxes	'
	Note 7 - Income Taxes
	Nine Months Ended September 30,
	2013               2012
	Effective tax rate                                                                                0.0 %             38.0 %
	The decrease in the effective tax rate for the nine months ended September 30, 2013 is due to the establishment of a full valuation allowance against the Company’s net deferred tax assets which was initially recorded in the fourth quarter of 2012. A valuation allowance must be established if it is more likely than not that the deferred tax assets will not be realized. This assessment is based upon consideration of available positive and negative evidence, which includes, among other things, the Company’s most recent results of operations and expected future profitability. Based on the Company’s cumulative losses in recent years, a full valuation allowance against the Company’s deferred tax assets has been established as Management believes that the Company will not realize the benefit of those deferred tax assets.

Note_8_Retirement_Plan

Note 8 - Retirement Plan	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 8 - Retirement Plan	'
	Note 8 - Retirement Plan
	Gotham has adopted the Gotham Innovation Lab, Inc. SIMPLE IRA Plan, which covers substantially all employees. Participating employees may elect to contribute, on a tax-deferred basis, a portion of their compensation in accordance with Section 408 (a) of the Internal Revenue Code. The Company matches up to 3% of employee contributions.  The Company's contributions to the plan for the nine months ended September 30, 2013 and 2012 were $12,690 and $5,476, respectively.

Note_9_Concentrations_and_Cred

Note 9 - Concentrations and Credit Risk	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 9 - Concentrations and Credit Risk	'
	Note 9 – Concentrations and Credit Risk
	Sales and Accounts Receivable
	Gotham had sales to two customers which accounted for approximately 44% and 25%, respectively of Gotham’s total sales for the nine months ended September 30, 2013.  The two customers accounted for approximately 61% and 11%, respectively of accounts receivable at September 30, 2013.
	Gotham had sales to three customers which accounted for approximately 38%, 15% and 11%, respectively of Gotham’s total sales for the nine months ended September 30, 2012.  The three customers accounted for approximately 27%, 14% and 5% of accounts receivable at September 30, 2012.
	Cash
	Cash is maintained at a major financial institution and, at times, balances may exceed federally insured limits. The Company has never experienced any losses related to these balances. All of the Company’s non-interest bearing cash balances were fully insured at September 30, 2013. As of December 31, 2012, the Company had no amounts of cash or cash equivalents in financial institutions in excess of amounts insured by agencies of the U.S. Government, the limit of which is $250,000.  The Company did not have any interest-bearing accounts at September 30, 2013 and December 31, 2012, respectively. .
	.

Note_10_Related_Party_Transact

Note 10 - Related Party Transactions	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 10 - Related Party Transactions	'
	Note 10 - Related Party Transactions
	Note Payable – Related Party
	Gotham was provided a loan from an entity that is controlled by the officers of Gotham, such amounts outstanding were $6,263 at September 30, 2013 and December 31, 2012, respectively.  The note bears interest at a rate of 5.5% and is due on December 31, 2013.

Note_11_Commitments_and_Contin

Note 11 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 11 - Commitments and Contingencies	'
	Note 11 – Commitments and Contingencies
	Lease Commitment
	On February 1, 2012, iGambit entered into a 5 year lease for new executive office space in Smithtown, New York commencing on March 1, 2012 at a monthly rent of $1,500 with 2% annual increases.
	Gotham has a month to month license agreement for office space that commenced on August 2, 2012 at a monthly license fee of $4,900.  The license agreement may be terminated upon 30 days notice.
	Total future minimum annual lease payments under the lease for the years ending December 31 are as follows:
	2013                                           $   4,590
	2014                                              18,720
	2015                                              19,080
	2016                                              19,440
	2017                                                3,240
	$ 65,070
	Rent expense of $55,673 and $69,642 was charged to operations for the nine months ended September 30, 2013 and 2012, respectively.
	Contingencies
	The Company provides accruals for costs associated with the estimated resolution of contingencies at the earliest date at which it is deemed probable that a liability has been incurred and the amount of such liability can be reasonably estimated. .
	Litigation
	Digi-Data Corporation
	In connection with the asset purchase agreement discussed in Note 2, the Company filed a complaint against Digi-Data on October 1, 2012 for unpaid contingency payments owed to the Company totaling $570,590 at June 30, 2013, exclusive of an allowance for bad debts of $250,000.  On or about December 3, 2012, Digi-Data filed its Answer, Affirmative Defenses and Counterclaim against the Company. The Counterclaim seeks damages against the Company for breach of the Agreement for the alleged failure to indemnify Digi-Data for expenses related to pending litigation between Verizon Communications, Inc. (one of Digi-Data's customers) and an unrelated third party, Titanide Ventures, LLC, concerning alleged patent violations (hereinafter "Verizon Patent Litigation").  The Verizon Patent Litigation is a result of a "patent troll" whereby Titanide seeks to extract settlement funds from alleged patent infringers without seeking actual adjudication of its purported patent rights. The Company has advised Digi-Data of what it believes is "prior act" related to the subject intellectual property that is at-issue in the Verizon Patent Litigation, a possible defense to the claims by Titanide.  A pre-trial order was issued by the Court with detailed deadlines regarding among other items, discovery cut-off and status report deadline date of April 29, 2013 and dispositive motions deadline date of May 28, 2013. The Company propounded its initial discovery upon Digi-Data, responses to which were due on or about March 8, 2013. On April 4, 2013, Digi-Data provided discovery to the Company. No depositions have been scheduled as of the date of this report, nor has the Company received any information from Digi-data regarding any specific quantified “damages” directly resulting from this Order or the settlement agreement between Verizon and the Plaintiff.  On April 4, 2013, an Order of Dismissal in the Verizon Patent Litigation was filed.  The Dismissal is with prejudice with each party to bear its own costs and fees.  On May 24, 2013, the Company filed a Motion for Summary Judgment with the Court asking the Court to move in its favor against DDC for the entire outstanding balance due along with attorney’s fees and post and pre-judgment interest as applicable under Maryland Law.  On June 11, 2013, Digi-Data filed its Response to the Motion for Summary Judgment and, for the first time, purported to liquidate certain alleged damages for which Digi-Data seeks a set-off against the amounts admittedly owed by Digi-Data to iGambit and alludes the existence of additional although not yet quantified damages.  The Response relies entirely upon the Affidavit of a Vice President of Digi-Data for its evidentiary support.  Notwithstanding, Digi-Data failed to produce documentary support for its alleged damages and to explain why it failed to disclose such information during the discovery period or thereafter.
	On July 9, 2013, the Company filed its Reply to Digi-Data’s Response and, thereby, advised the Court of Digi-Data’s apparent litigation-by-ambush tactic such as withholding allegations of damages until the end of discovery and attempting to use such previously withheld information to defeat summary judgment, and the legal inadequacy of same.  Pursuant to the Maryland District Court’s Local Rules, Digi-Data is not authorized to file a Surreply without Court order.
	Allied Airbus, Inc.
	On November 1, 2011, the Company commenced collection proceedings against Allied Airbus, Inc. (“Allied”) for nonpayment of various promissory notes totaling $434,512 at December 31, 2011 in connection with a letter of intent the Company entered into to acquire the assets and business of Allied, to which a definitive agreement could not be reached.  The claim against Allied included accrued interest at the rate of 6% per annum.
	As a result of a settlement reached on June 12, 2012, the Company received payment of the total balance, accrued interest and legal fees on June 27, 2012.
	Financial Advisor Contract
	Brooks, Houghton & Company, Inc. (BHC)
	The Company had entered into a contract with BHC in which BHC would provide financial advisory services in connection with the Company’s proposed business combinations and related fund raising transactions. As part of that agreement BHC would be entitled to a “Business Combination Fee” equal to three percent of the amount of the company’s total proceeds  and other consideration paid or to be paid for the assets acquired, inclusive of equity or any debt issued; however the fee was to be no less than $300,000. As a result of the IGX transaction, as described in Note 12, BHC initially felt entitled to $300,000. The Company has taken a position that since the transaction has been rescinded, that the fee is has not been earned and thus not to be paid. While the ultimate outcome of this matter is not presently determinable, it is the opinion of management that the resolution of any outstanding claim will not have a material adverse effect on the financial position or results of operations of the Company.
	.

Note_12_Rescission_of_Purchase

Note 12 - Rescission of Purchase Agreement For Acquisition of Igx Global Inc. and	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 12 - Rescission of Purchase Agreement For Acquisition of Igx Global Inc. and	'
	Note 12 – Rescission of Purchase Agreement for Acquisition of IGX Global Inc. and
	IGX Global UK Limited
	On April 8, 2013, the Company and its wholly owned subsidiary, IGXGLOBAL, CORP.  entered into, and became obligated under, a transaction to rescind the Company’s purchase agreement dated December 28, 2012 (the “Purchase Agreement”) with  IGX Global Inc.(“IGXUS”), IGX Global UK Limited (“IGXUK”) and Tomas Duffy (“DUFFY”) the sole shareholder of both IGXUK and IGXUS.
	Under the Purchase Agreement, the Company intended to purchase, as of December 31, 2012, substantially all of the assets of IGXUS and all of the issued and outstanding shares of IGXUK and thereby the acquired business operated by IGXUS and IGXUK (the “Acquired Business”).  The original agreement called for a $500,000 payment at closing, a $1,000,000 Promissory Note, assumption of certain liabilities of the IGXUS up to $2,500,000 and 3.75 million shares of iGambit stock to be earned over a three year period based upon certain revenue and earnings targets. The Company had arranged financing at the original effective date of the purchase to pay the $500,000 payment and payoff certain liabilities of IGXUS.
	On April 8, 2013, under the terms of a Rescission Agreement, the Company, IGXUS, IGXUK and Duffy (IGX), agreed to unwind the Purchase Agreement in its entirety and to fully restore each to the positions they were respectively prior to entering into the Purchase Agreement. This included IGX obtaining financing to payoff the entire balance of the financing the Company had obtained to fund the upfront payment and certain liabilities at the original closing date; IGX also assumed and paid certain expenses related to the purchase. Also as consideration for iGambit’s expenses and inconvenience, the Company received $130,000 prior to the effective date of the rescission from IGX, and upon the effective date of the rescission, an additional payment of $275,000, and will receive an additional $350,000 payable in equal monthly installments over 18 months.  The consideration from IGX totaling $755,000 is reported as Other Income in the Statements of Operations.  The balance due from IGX was $272,223 at September 30, 2013.

Note_1_Organization_and_Basis_1

Note 1 - Organization and Basis of Presentation: Interim Financial Statements (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Interim Financial Statements	'
	Interim Financial Statements
	The following (a) condensed consolidated balance sheet as of December 31, 2012, which has been derived from audited financial statements, and (b) the unaudited condensed consolidated interim financial statements of the Company have been prepared in accordance with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the nine months ended September 30, 2013 are not necessarily indicative of results that may be expected for the year ending December 31, 2013. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2012 included in the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission (“SEC”) on June 20, 2013.

Note_2_Discontinued_Operations1

Note 2 - Discontinued Operations: Sale of Business (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Sale of Business	'
	Sale of Business
	On February 28, 2006, the Company entered into an asset purchase agreement with Digi-Data Corporation (“Digi-Data”), whereby Digi-Data acquired the Company’s assets and its online digital vaulting business operations in exchange for $1,500,000, which was deposited into an escrow account for payment of the Company’s outstanding liabilities.  In addition, as part of the sales agreement, the Company received payments from Digi-Data based on 10% of the net vaulting revenue payable quarterly over five years.  The Company was also entitled to an additional 5% of the increase in net vaulting revenue over the prior year’s revenue.  These adjustments to the sales price were included in the discontinued operations line of the statements of operations for the year ended December 31, 2011, the last year of payments.
	The assets of the discontinued operations are presented in the balance sheets under the captions “Assets from discontinued operations”.  The underlying assets of the discontinued operations consist of accounts receivable of $320,590 as of September 30, 2013 and December 31, 2012, respectively. .

Note_2_Discontinued_Operations2

Note 2 - Discontinued Operations: Accounts Receivable (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Accounts Receivable	'
	Accounts Receivable
	Accounts receivable includes 50% of contingency payments earned for the previous quarters and are stated net of an allowance for bad debts of $250,000.

Note_3_Summary_of_Significant_1

Note 3 - Summary of Significant Accounting Policies: Principles of Consolidation (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Principles of Consolidation	'
	Principles of Consolidation
	The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Gotham Innovation Lab, Inc.  All intercompany accounts and transactions have been eliminated.

Note_3_Summary_of_Significant_2

Note 3 - Summary of Significant Accounting Policies: Use of Estimates in The Preparation of Financial Statements (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Use of Estimates in The Preparation of Financial Statements	'
	Use of Estimates in the Preparation of Financial Statements
	The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. .

Note_3_Summary_of_Significant_3

Note 3 - Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments
	For certain of the Company’s financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, and amounts due to related parties, the carrying amounts approximate fair value due to their short maturities.  Additionally, there are no assets or liabilities for which fair value is remeasured on a recurring basis.

Note_3_Summary_of_Significant_4

Note 3 - Summary of Significant Accounting Policies: Revenue Recognition (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Revenue Recognition	'
	Revenue Recognition
	The Company’s revenues are derived primarily from the sale of products and services rendered to real estate brokers.  Revenues are recognized upon delivery of the products or services.

Note_3_Summary_of_Significant_5

Note 3 - Summary of Significant Accounting Policies: Advertising Costs (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Advertising Costs	'
	Advertising Costs
	The Company expenses advertising costs as incurred.  Advertising costs for the nine months ended September 30, 2013 and 2012 were $4,292 and $23,946, respectively.

Note_3_Summary_of_Significant_6

Note 3 - Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	For purposes of reporting cash flows, cash and cash equivalents include checking and money market accounts and any highly liquid debt instruments purchased with a maturity of three months or less.

Note_3_Summary_of_Significant_7

Note 3 - Summary of Significant Accounting Policies: Accounts Receivable (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Accounts Receivable	'
	Accounts Receivable
	The Company analyzes the collectability of accounts receivable from continuing operations each accounting period and adjusts its allowance for doubtful accounts accordingly.  A considerable amount of judgment is required in assessing the realization of accounts receivables, including the creditworthiness of each customer, current and historical collection history and the related aging of past due balances.  The Company evaluates specific accounts when it becomes aware of information indicating that a customer may not be able to meet its financial obligations due to deterioration of its financial condition, lower credit ratings, bankruptcy or other factors affecting the ability to render payment.  There was no bad debt expense charged to operations for the nine months ended September 30, 2013 and 2012, respectively. .

Note_3_Summary_of_Significant_8

Note 3 - Summary of Significant Accounting Policies: Property and Equipment and Depreciation (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Property and Equipment and Depreciation	'
	Property and equipment and depreciation
	Property and equipment are stated at cost.  Depreciation for both financial reporting and income tax purposes is computed using combinations of the straight line and accelerated methods over the estimated lives of the respective assets.  Computer equipment is depreciated over 5 years and furniture and fixtures are depreciated over 7 years.  Maintenance and repairs are charged to expense when incurred.  When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts and any gain or loss is credited or charged to income.
	Depreciation expense of $4,885 and $6,373 was charged to operations for the nine months ended September 30, 2013 and 2012, respectively.

Note_3_Summary_of_Significant_9

Note 3 - Summary of Significant Accounting Policies: Goodwill (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Goodwill	'
	Goodwill
	Goodwill represents the excess of the aggregate purchase price over the fair value of the net assets acquired in a business combination, specifically the acquisition of Jekyll by the Company’s subsidiary, Gotham.  In accordance with ASC Topic No. 350 “Intangibles – Goodwill and Other”, goodwill is not amortized, but instead is subject to an annual assessment of impairment by applying a fair-value based test, and is reviewed more frequently if current events and circumstances indicate a possible impairment. If indicators of impairment are present and future cash flows are not expected to be sufficient to recover the asset’s carrying amount, an impairment loss is charged to expense in the period identified. A lack of projected future operating results from Gotham’s operations may cause impairment.  At December 31, 2012, the Company performed its annual impairment study and determined that present and future cash flows were not expected to be sufficient to recover the carrying amount of goodwill, and the goodwill was written off. .

Recovered_Sheet1

Note 3 - Summary of Significant Accounting Policies: Stock-based Compensation (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Stock-based Compensation	'
	Stock-Based Compensation
	The Company accounts for its stock-based awards granted under its employee compensation plan in accordance with ASC Topic No. 718-20, Awards Classified as Equity, which requires the measurement of compensation expense for all share-based compensation granted to employees and non-employee directors at fair value on the date of grant and recognition of compensation expense over the related service period for awards expected to vest.  The Company uses the Black-Scholes option pricing model to estimate the fair value of its stock options and warrants. The Black-Scholes option pricing model requires the input of highly subjective assumptions including the expected stock price volatility of the Company’s common stock, the risk free interest rate at the date of grant, the expected vesting term of the grant, expected dividends, and an assumption related to forfeitures of such grants.  Changes in these subjective input assumptions can materially affect the fair value estimate of the Company’s stock options and warrants.

Recovered_Sheet2

Note 3 - Summary of Significant Accounting Policies: Income Taxes (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Income Taxes	'
	Income Taxes
	The Company accounts for income taxes using the asset and liability method in accordance with ASC Topic No. 740, Income Taxes. Under this method, deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities, and are measured using the enacted tax rates and laws that are expected to be in effect when the differences are expected to reverse.
	The Company applies the provisions of ASC Topic No. 740 for the financial statement recognition, measurement and disclosure of uncertain tax positions recognized in the Company’s financial statements. In accordance with this provision, tax positions must meet a more-likely-than-not recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position.

Recovered_Sheet3

Note 3 - Summary of Significant Accounting Policies: Recent Accounting Pronouncements (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	The Company has reviewed recently issued, but not yet adopted, accounting standards in order to determine their effects, if any, on its results of operations, financial position or cash flows. Based on that review, the Company believes that none of these pronouncements will have a significant effect on its consolidated financial statements.

Note_5_Stock_Based_Compensatio1

Note 5 - Stock Based Compensation: Warrants (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Warrants	'
	Warrants
	In addition to our 2006 Long Term Incentive Plan, we have issued and outstanding compensatory warrants to two consultants entitling the holders to purchase a total of 275,000 shares of our common stock at an average exercise price of $0.94 per share. Warrants to purchase 25,000 shares of common stock vest upon 6 months after the Company engages in an IPO, have an exercise price of $3.00 per share, and expire 2 years after the Company engages in an IPO. Warrants to purchase 250,000 shares of common stock vest 100,000 shares on issuance (June 1, 2009), and 50,000 shares on each of the following three anniversaries of the date of issuance, have exercise prices ranging from $0.50 per share to $1.15 per share, and expire on June 1, 2019. The issuance of the compensatory warrants was not submitted to our shareholders for their approval.
	Warrant activity during the nine months ended September 30, 2013 and 2012 follows:
											(1)Weighted
											Average
								Weighted			Remaining
				Weighted			Average				Contractual
				Average
		Warrants		Exercise Price			Grant-Date         Fair Value				Life (Years)
		Outstanding
	Warrants outstanding at December 31, 2011		275,000	$	0.94				$	0.1	7.42
	No warrant activity		--		--					--
	Warrants outstanding at September 30, 2012		275,000	$	0.94				$	0.1	6.92
	Warrants outstanding at December 31, 2012		275,000	$	0.94				$	0.1	6.42
	No warrant activity		--		--					--
	Warrants outstanding at September 30, 2013		275,000	$	0.94				$	0.1	5.67
	(1)   Exclusive of 25,000 warrants expiring 2 years after initial IPO.
	Warrants outstanding at September 30, 2013 consist of:
	Date		Number	Number		Exercise		Expiration
	Issued		Outstanding	Exercisable		Price		Date
	1-Apr-00		25,000	25,000		$3.00		2 years after IPO
	1-Jun-09		100,000	100,000		$0.50		1-Jun-19
	1-Jun-09		50,000	50,000		$0.65		1-Jun-19
	1-Jun-09		50,000	50,000		$0.85		1-Jun-19
	1-Jun-09		50,000	50,000		$1.15		1-Jun-19
	Total		275,000	275,000

Note_9_Concentrations_and_Cred1

Note 9 - Concentrations and Credit Risk: Cash (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Cash	'
	Cash
	Cash is maintained at a major financial institution and, at times, balances may exceed federally insured limits. The Company has never experienced any losses related to these balances. All of the Company’s non-interest bearing cash balances were fully insured at September 30, 2013. As of December 31, 2012, the Company had no amounts of cash or cash equivalents in financial institutions in excess of amounts insured by agencies of the U.S. Government, the limit of which is $250,000.  The Company did not have any interest-bearing accounts at September 30, 2013 and December 31, 2012, respectively. .

Note_11_Commitments_and_Contin1

Note 11 - Commitments and Contingencies: Lease Commitment (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Lease Commitment	'
	Lease Commitment
	On February 1, 2012, iGambit entered into a 5 year lease for new executive office space in Smithtown, New York commencing on March 1, 2012 at a monthly rent of $1,500 with 2% annual increases.
	Gotham has a month to month license agreement for office space that commenced on August 2, 2012 at a monthly license fee of $4,900.  The license agreement may be terminated upon 30 days notice.
	Total future minimum annual lease payments under the lease for the years ending December 31 are as follows:
	2013                                           $   4,590
	2014                                              18,720
	2015                                              19,080
	2016                                              19,440
	2017                                                3,240
	$ 65,070
	Rent expense of $55,673 and $69,642 was charged to operations for the nine months ended September 30, 2013 and 2012, respectively.
	Contingencies
	The Company provides accruals for costs associated with the estimated resolution of contingencies at the earliest date at which it is deemed probable that a liability has been incurred and the amount of such liability can be reasonably estimated. .

Note_11_Commitments_and_Contin2

Note 11 - Commitments and Contingencies: Litigation (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Litigation	'
	Litigation
	Digi-Data Corporation
	In connection with the asset purchase agreement discussed in Note 2, the Company filed a complaint against Digi-Data on October 1, 2012 for unpaid contingency payments owed to the Company totaling $570,590 at June 30, 2013, exclusive of an allowance for bad debts of $250,000.  On or about December 3, 2012, Digi-Data filed its Answer, Affirmative Defenses and Counterclaim against the Company. The Counterclaim seeks damages against the Company for breach of the Agreement for the alleged failure to indemnify Digi-Data for expenses related to pending litigation between Verizon Communications, Inc. (one of Digi-Data's customers) and an unrelated third party, Titanide Ventures, LLC, concerning alleged patent violations (hereinafter "Verizon Patent Litigation").  The Verizon Patent Litigation is a result of a "patent troll" whereby Titanide seeks to extract settlement funds from alleged patent infringers without seeking actual adjudication of its purported patent rights. The Company has advised Digi-Data of what it believes is "prior act" related to the subject intellectual property that is at-issue in the Verizon Patent Litigation, a possible defense to the claims by Titanide.  A pre-trial order was issued by the Court with detailed deadlines regarding among other items, discovery cut-off and status report deadline date of April 29, 2013 and dispositive motions deadline date of May 28, 2013. The Company propounded its initial discovery upon Digi-Data, responses to which were due on or about March 8, 2013. On April 4, 2013, Digi-Data provided discovery to the Company. No depositions have been scheduled as of the date of this report, nor has the Company received any information from Digi-data regarding any specific quantified “damages” directly resulting from this Order or the settlement agreement between Verizon and the Plaintiff.  On April 4, 2013, an Order of Dismissal in the Verizon Patent Litigation was filed.  The Dismissal is with prejudice with each party to bear its own costs and fees.  On May 24, 2013, the Company filed a Motion for Summary Judgment with the Court asking the Court to move in its favor against DDC for the entire outstanding balance due along with attorney’s fees and post and pre-judgment interest as applicable under Maryland Law.  On June 11, 2013, Digi-Data filed its Response to the Motion for Summary Judgment and, for the first time, purported to liquidate certain alleged damages for which Digi-Data seeks a set-off against the amounts admittedly owed by Digi-Data to iGambit and alludes the existence of additional although not yet quantified damages.  The Response relies entirely upon the Affidavit of a Vice President of Digi-Data for its evidentiary support.  Notwithstanding, Digi-Data failed to produce documentary support for its alleged damages and to explain why it failed to disclose such information during the discovery period or thereafter.
	On July 9, 2013, the Company filed its Reply to Digi-Data’s Response and, thereby, advised the Court of Digi-Data’s apparent litigation-by-ambush tactic such as withholding allegations of damages until the end of discovery and attempting to use such previously withheld information to defeat summary judgment, and the legal inadequacy of same.  Pursuant to the Maryland District Court’s Local Rules, Digi-Data is not authorized to file a Surreply without Court order.
	Allied Airbus, Inc.
	On November 1, 2011, the Company commenced collection proceedings against Allied Airbus, Inc. (“Allied”) for nonpayment of various promissory notes totaling $434,512 at December 31, 2011 in connection with a letter of intent the Company entered into to acquire the assets and business of Allied, to which a definitive agreement could not be reached.  The claim against Allied included accrued interest at the rate of 6% per annum.
	As a result of a settlement reached on June 12, 2012, the Company received payment of the total balance, accrued interest and legal fees on June 27, 2012.
	Financial Advisor Contract
	Brooks, Houghton & Company, Inc. (BHC)
	The Company had entered into a contract with BHC in which BHC would provide financial advisory services in connection with the Company’s proposed business combinations and related fund raising transactions. As part of that agreement BHC would be entitled to a “Business Combination Fee” equal to three percent of the amount of the company’s total proceeds  and other consideration paid or to be paid for the assets acquired, inclusive of equity or any debt issued; however the fee was to be no less than $300,000. As a result of the IGX transaction, as described in Note 12, BHC initially felt entitled to $300,000. The Company has taken a position that since the transaction has been rescinded, that the fee is has not been earned and thus not to be paid. While the ultimate outcome of this matter is not presently determinable, it is the opinion of management that the resolution of any outstanding claim will not have a material adverse effect on the financial position or results of operations of the Company.

Note_4_Earnings_Per_Common_Sha1

Note 4 - Earnings Per Common Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Earnings Per Share, Basic and Diluted	'
		Three Months Ended		Nine Months Ended
		September 30,		September 30,
		2013	2012	2013	2012
	Stock options	668,900	2,768,900	668,900	2,768,900
	Stock warrants	275,000	275,000	275,000	275,000
	Total shares excluded from calculation	943,900	3,043,900	943,900	3,043,900

Note_5_Stock_Based_Compensatio2

Note 5 - Stock Based Compensation: Schedule of Share-based Compensation, Activity (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Share-based Compensation, Activity	'
										Weighted
										Average
								Weighted		Remaining
							Average			Contractual
				Weighted
				Average
		Options		Exercise Price			Grant-Date         Fair Value			Life (Years)
		Outstanding
	Options outstanding at December 31, 2011		2,768,900	$	0.04		$		0.1	6.85
	No option activity		--		--				--
	Options outstanding at  September 30, 2012		2,768,900	$	0.04		$		0.1	6.1
	Options outstanding at  December 31, 2012		1,268,900	$	0.08		$		0.1	6.16
	Expired		-600,000		0.1				--
	Options outstanding at  September 30, 2013		668,900	$	0.06		$		0.1	4.94
	Options outstanding at September 30, 2013 consist of:
	Date		Number	Number		Exercise		Expiration
	Issued		Outstanding	Exercisable		Price		Date
	1-May-06		100,000	100,000		$0.01		1-May-16
	1-May-06		100,000	100,000		$0.01		1-May-16
	1-May-06		50,000	50,000		$0.01		1-May-16
	1-May-06		46.9	46,900		$0.01		1-May-16
	21-Jul-10		113,000	113,000		$0.10		21-Jul-20
	21-Jul-10		59,000	59,000		$0.10		21-Jul-20
	11-Jul-11		100,000	100,000		$0.10		11-Jul-21
	11-Jul-11		100,000	100,000		$0.10		11-Jul-21
	Total		668,900	668,900

Note_11_Commitments_and_Contin3

Note 11 - Commitments and Contingencies: Litigation: Digi-data Corporation (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Digi-data Corporation	'
	Digi-Data Corporation
	In connection with the asset purchase agreement discussed in Note 2, the Company filed a complaint against Digi-Data on October 1, 2012 for unpaid contingency payments owed to the Company totaling $570,590 at June 30, 2013, exclusive of an allowance for bad debts of $250,000.  On or about December 3, 2012, Digi-Data filed its Answer, Affirmative Defenses and Counterclaim against the Company. The Counterclaim seeks damages against the Company for breach of the Agreement for the alleged failure to indemnify Digi-Data for expenses related to pending litigation between Verizon Communications, Inc. (one of Digi-Data's customers) and an unrelated third party, Titanide Ventures, LLC, concerning alleged patent violations (hereinafter "Verizon Patent Litigation").  The Verizon Patent Litigation is a result of a "patent troll" whereby Titanide seeks to extract settlement funds from alleged patent infringers without seeking actual adjudication of its purported patent rights. The Company has advised Digi-Data of what it believes is "prior act" related to the subject intellectual property that is at-issue in the Verizon Patent Litigation, a possible defense to the claims by Titanide.  A pre-trial order was issued by the Court with detailed deadlines regarding among other items, discovery cut-off and status report deadline date of April 29, 2013 and dispositive motions deadline date of May 28, 2013. The Company propounded its initial discovery upon Digi-Data, responses to which were due on or about March 8, 2013. On April 4, 2013, Digi-Data provided discovery to the Company. No depositions have been scheduled as of the date of this report, nor has the Company received any information from Digi-data regarding any specific quantified “damages” directly resulting from this Order or the settlement agreement between Verizon and the Plaintiff.  On April 4, 2013, an Order of Dismissal in the Verizon Patent Litigation was filed.  The Dismissal is with prejudice with each party to bear its own costs and fees.  On May 24, 2013, the Company filed a Motion for Summary Judgment with the Court asking the Court to move in its favor against DDC for the entire outstanding balance due along with attorney’s fees and post and pre-judgment interest as applicable under Maryland Law.  On June 11, 2013, Digi-Data filed its Response to the Motion for Summary Judgment and, for the first time, purported to liquidate certain alleged damages for which Digi-Data seeks a set-off against the amounts admittedly owed by Digi-Data to iGambit and alludes the existence of additional although not yet quantified damages.  The Response relies entirely upon the Affidavit of a Vice President of Digi-Data for its evidentiary support.  Notwithstanding, Digi-Data failed to produce documentary support for its alleged damages and to explain why it failed to disclose such information during the discovery period or thereafter.
	On July 9, 2013, the Company filed its Reply to Digi-Data’s Response and, thereby, advised the Court of Digi-Data’s apparent litigation-by-ambush tactic such as withholding allegations of damages until the end of discovery and attempting to use such previously withheld information to defeat summary judgment, and the legal inadequacy of same.  Pursuant to the Maryland District Court’s Local Rules, Digi-Data is not authorized to file a Surreply without Court order.

Note_11_Commitments_and_Contin4

Note 11 - Commitments and Contingencies: Litigation: Allied Airbus, Inc. (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Allied Airbus, Inc.	'
	Allied Airbus, Inc.
	On November 1, 2011, the Company commenced collection proceedings against Allied Airbus, Inc. (“Allied”) for nonpayment of various promissory notes totaling $434,512 at December 31, 2011 in connection with a letter of intent the Company entered into to acquire the assets and business of Allied, to which a definitive agreement could not be reached.  The claim against Allied included accrued interest at the rate of 6% per annum.
	As a result of a settlement reached on June 12, 2012, the Company received payment of the total balance, accrued interest and legal fees on June 27, 2012.

Note_11_Commitments_and_Contin5

Note 11 - Commitments and Contingencies: Litigation: Brooks, Houghton & Company, Inc. (bhc) (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Brooks, Houghton & Company, Inc. (bhc)	'
	Brooks, Houghton & Company, Inc. (BHC)
	The Company had entered into a contract with BHC in which BHC would provide financial advisory services in connection with the Company’s proposed business combinations and related fund raising transactions. As part of that agreement BHC would be entitled to a “Business Combination Fee” equal to three percent of the amount of the company’s total proceeds  and other consideration paid or to be paid for the assets acquired, inclusive of equity or any debt issued; however the fee was to be no less than $300,000. As a result of the IGX transaction, as described in Note 12, BHC initially felt entitled to $300,000. The Company has taken a position that since the transaction has been rescinded, that the fee is has not been earned and thus not to be paid. While the ultimate outcome of this matter is not presently determinable, it is the opinion of management that the resolution of any outstanding claim will not have a material adverse effect on the financial position or results of operations of the Company.

Recovered_Sheet4

Note 3 - Summary of Significant Accounting Policies: Advertising Costs (Details) (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Details	'	'
Advertising Expense	$4,292	$23,946

Recovered_Sheet5

Note 3 - Summary of Significant Accounting Policies: Property and Equipment and Depreciation (Details) (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Details	'	'
Depreciation	$4,885	$6,373

Note_8_Retirement_Plan_Details

Note 8 - Retirement Plan (Details) (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Details	'	'
Defined Benefit Plan, Contributions by Employer	$12,690	$5,476