POWERCERV CORP

CIK:0001005758|SEC Filings

Nature of Operations (Details) (USD $)	6 Months Ended
Nature of Operations (Details) (USD $)	Jun. 30, 2014
Nature of Operations [Abstract]
Nature of operations, Description	The Merger was effectively a change in the corporation's domicile state and the existing common stockholders of ioWorldMedia received 1 share of Radioio common stock for every 100 shares of ioWorldMedia common stock held and the existing preferred stockholders of ioWorldMedia received .4950495 of a share of Radioio common stock for each share of ioWorldMedia preferred stock held. Radioio accounted for this transaction as an increase to additional paid-in capital and common stock and a reduction of convertible preferred stock in the amount of $5,772,304.
Convertible preferred stock	$ 5,772,304

Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities
Net loss	$ (1,230,709)	$ (537,439)
Adjustment to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	17,741	12,157
Equity-based consulting expense	29,795
Changes in operating assets and liabilities:
Accounts receivable	29,267	(4,816)
Unbilled receivables	(453)	21,871
Inventory	3,052	(32,581)
Accounts payable and accrued expenses	610,115	150,875
Prepaid expenses	(35,865)	32,588
Prepaid consulting	139,889	138,377
Deferred revenue	(98,874)	(130,261)
Net cash used in operating activities	(536,042)	(349,229)
Cash flows from investing activities
Crowdstream asset purchase	(25,000)
Additions to capitalized software	(50,000)
Purchase of fixed assets	(1,881)
Net cash used in investing activities	(76,881)
Cash flows from financing activities
Proceeds from issuance of common stock	577,000	90,000
Advances from related party stockholders		277,743
Net cash provided by financing activities	577,000	367,743
Net (decrease) increase in cash	(35,923)	18,514
Cash, beginning of period	148,536	17,865
Cash, end of period	112,613	36,379
Supplemental disclosure of non-cash investing and financing activities:
Settlement of accounts payable to common stock	17,125
Settlement of share liability to common stock	21,840
Payable to seller as part of the Crowdstream asset purchase	17,500
Common stock issued for Crowdstream asset purchase	$ 60,000

Consolidated Balance Sheets (Unaudited) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Current assets
Cash	$ 112,613	$ 148,536
Accounts receivable	76,857	106,124
Unbilled receivables	6,128	5,675
Inventory	11,859	14,911
Prepaid consulting		76,872
Prepaid expenses	73,404	37,539
Total current assets	280,861	389,657
Property and equipment, net of accumulated depreciation	51,959	62,125
Other assets
Intangible assets, net of accumulated amortization	146,806
Prepaid consulting		63,017
Total assets	479,626	514,799
Current liabilities
Accounts payable and accrued expenses (includes related parties of $382,467 as of June 30, 2014 and $235,818 as of December 31, 2013)	1,544,385	933,896
Deferred revenue	186,482	288,281
Other liability	400,000	400,000
Share liability		18,645
Total current liabilities	2,130,867	1,640,822
Deferred revenue, non-current	8,820	5,895
Total liabilities	2,139,687	1,646,717
Stockholders' deficiency
Common stock, $.001 par value; 100,000,000 authorized, 6,568,666 shares issued and outstanding at June 30, 2014 and 5,524,042 issued and outstanding at December 31, 2013	6,569	5,524
Additional paid-in capital	68,280,027	67,578,506
Accumulated deficit	(69,946,657)	(68,715,948)
Total stockholders' deficiency	(1,660,061)	(1,131,918)
Total liabilities and stockholders' deficiency	$ 479,626	$ 514,799