eCareer Holdings, Inc.

CIK:0001332572|SEC Filings

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	$ 2,725us-gaap_Revenues	$ 19,671us-gaap_Revenues	$ 3,813us-gaap_Revenues	$ 30,682us-gaap_Revenues
Advertising and marketing	2,072us-gaap_MarketingAndAdvertisingExpense	207,844us-gaap_MarketingAndAdvertisingExpense	9,616us-gaap_MarketingAndAdvertisingExpense	431,604us-gaap_MarketingAndAdvertisingExpense
Salaries and benefits	66,529us-gaap_SalariesAndWages	291,168us-gaap_SalariesAndWages	210,705us-gaap_SalariesAndWages	639,451us-gaap_SalariesAndWages
Professional and consulting fees	65,359us-gaap_ProfessionalFees	103,130us-gaap_ProfessionalFees	165,217us-gaap_ProfessionalFees	373,150us-gaap_ProfessionalFees
Shareholder relations	172,765yui_ShareholderRelations	139,697yui_ShareholderRelations	291,460yui_ShareholderRelations	191,061yui_ShareholderRelations
General and administrative	119,428us-gaap_GeneralAndAdministrativeExpense	174,839us-gaap_GeneralAndAdministrativeExpense	236,964us-gaap_GeneralAndAdministrativeExpense	326,977us-gaap_GeneralAndAdministrativeExpense
Total operating expenses	426,153us-gaap_OperatingExpenses	916,678us-gaap_OperatingExpenses	913,961us-gaap_OperatingExpenses	1,962,243us-gaap_OperatingExpenses
Loss from operations	(423,428)us-gaap_OperatingIncomeLoss	(897,007)us-gaap_OperatingIncomeLoss	(910,148)us-gaap_OperatingIncomeLoss	(1,931,561)us-gaap_OperatingIncomeLoss
Gain on change in fair value of derivative liabilities	3,373yui_GainOnChangeInValueDerivatives	0yui_GainOnChangeInValueDerivatives	23,604yui_GainOnChangeInValueDerivatives	0yui_GainOnChangeInValueDerivatives
Interest income (expense)	(50,155)us-gaap_InterestIncomeExpenseNet	1,723us-gaap_InterestIncomeExpenseNet	(138,663)us-gaap_InterestIncomeExpenseNet	(14,251)us-gaap_InterestIncomeExpenseNet
Total other income (expense)	(46,782)yui_TotalOtherExpense	1,723yui_TotalOtherExpense	(115,059)yui_TotalOtherExpense	(14,251)yui_TotalOtherExpense
Net loss	(470,210)us-gaap_ProfitLoss	(895,284)us-gaap_ProfitLoss	(1,025,207)us-gaap_ProfitLoss	(1,945,812)us-gaap_ProfitLoss
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)us-gaap_NetIncomeLoss	$ (975,604)us-gaap_NetIncomeLoss	$ (1,015,934)us-gaap_NetIncomeLoss	$ (1,915,223)us-gaap_NetIncomeLoss
Net loss per share - basic and fully diluted	$ (0.02)us-gaap_EarningsPerShareBasicAndDiluted	$ (0.14)us-gaap_EarningsPerShareBasicAndDiluted	$ (0.05)us-gaap_EarningsPerShareBasicAndDiluted	$ (0.29)us-gaap_EarningsPerShareBasicAndDiluted
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 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)us-gaap_ProfitLoss	$ (1,945,812)us-gaap_ProfitLoss
Depreciation	33,279us-gaap_Depreciation	32,479us-gaap_Depreciation
Amortization of intangible assets	26,575us-gaap_AmortizationOfIntangibleAssets	17,561us-gaap_AmortizationOfIntangibleAssets
Amortization of note discounts	79,792yui_AmortizationNoteDiscounts	0yui_AmortizationNoteDiscounts
Common stock issued for services	3,387	7,665
Employee stock compensation	2,500us-gaap_ShareBasedCompensation	0us-gaap_ShareBasedCompensation
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)us-gaap_RepaymentsOfRelatedPartyDebt	0us-gaap_RepaymentsOfRelatedPartyDebt
Repayment of convertible notes payable	(81,233)us-gaap_RepaymentsOfConvertibleDebt	0us-gaap_RepaymentsOfConvertibleDebt
Proceeds from exercise of warrants	323,500us-gaap_ProceedsFromWarrantExercises	320,500us-gaap_ProceedsFromWarrantExercises
Proceeds from third party notes payable	0us-gaap_ProceedsFromNotesPayable	652,782us-gaap_ProceedsFromNotesPayable
Repayment of third party notes payable	(30,000)us-gaap_RepaymentsOfNotesPayable	(100,000)us-gaap_RepaymentsOfNotesPayable
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)us-gaap_PaymentsOfStockIssuanceCosts	(198,961)us-gaap_PaymentsOfStockIssuanceCosts
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	34,055us-gaap_InterestPaid	0us-gaap_InterestPaid
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Common stock issued for services	3,387yui_StockIssuedForServicesCommonStock	7,665yui_StockIssuedForServicesCommonStock
Amortization of loan discounts	79,792yui_AmortizationLoanDiscounts	0yui_AmortizationLoanDiscounts
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

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	7,484us-gaap_AssetsCurrent	8,303us-gaap_AssetsCurrent
Property and equipment, net	190,126us-gaap_PropertyPlantAndEquipmentNet	223,405us-gaap_PropertyPlantAndEquipmentNet
Other assets
Intangible assets, net	408,835	430,510
Total other assets	408,835us-gaap_OtherAssetsNoncurrent	430,510us-gaap_OtherAssetsNoncurrent
Total assets	606,445us-gaap_Assets	662,218us-gaap_Assets
Current liabilities
Accounts payable	292,566us-gaap_AccountsPayableCurrent	331,919us-gaap_AccountsPayableCurrent
Accrued liabilities	312,414us-gaap_AccruedLiabilitiesCurrent	302,657us-gaap_AccruedLiabilitiesCurrent
Notes payable - shareholders, net of discount	249,565us-gaap_DueToRelatedPartiesCurrent	201,153us-gaap_DueToRelatedPartiesCurrent
Convertible notes, net of discounts	1,690yui_ConvertibleNotesNetDiscounts	79,543yui_ConvertibleNotesNetDiscounts
Derivative liabilities	2,407	26,011
Third party notes	250,000yui_ThirdPartyNotesNetDiscount	280,000yui_ThirdPartyNotesNetDiscount
Total current liabilities	1,108,642us-gaap_LiabilitiesCurrent	1,221,283us-gaap_LiabilitiesCurrent
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	25,772us-gaap_CommonStockValue	15,574us-gaap_CommonStockValue
Additional paid-in capital	13,186,579us-gaap_AdditionalPaidInCapital	12,085,682us-gaap_AdditionalPaidInCapital
Accumulated deficit	(13,669,512)	(12,653,577)
Subscription receivable	(29,000)	0
Non-controlling interest	(16,302)us-gaap_MinorityInterest	(7,029)us-gaap_MinorityInterest
Total stockholders' equity (deficit)	(502,197)us-gaap_StockholdersEquity	(559,065)us-gaap_StockholdersEquity
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