10-Q Filing

NUDG MEDIA INC. CIK: 1526183 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001294606-14-000193`
Period End Date	20140630
Filing Date	20140819
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	nddg-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 43 Income Statement 35 Cash Flow Statement 33

Balance Sheet 43 line items

Line Item	Tag	Value	Unit	Period
Loans payable, net of discount (in Dollars)	`DebtInstrumentUnamortizedDiscount`	$381.74K	USD	Point-in-time
Loans payable, net of discount (in Dollars)	`DebtInstrumentUnamortizedDiscount`	-	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.20B	shares	Point-in-time
Cash	`Cash`	$3.25K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.20B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	368.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	172.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	368.00M	shares	Point-in-time
Amounts receivable	`AccountsReceivableNet`	$334.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.25K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$334.00	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	172.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	368.00M	shares	Point-in-time
Promissory note receivable	`AccountsAndNotesReceivableNet`	$66.00K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$783.47K	USD	Point-in-time
Total assets	`Assets`	$3.25K	USD	Point-in-time
Total assets	`Assets`	$849.81K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.94M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$12.37K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesNoncurrent`	$82.33K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesNoncurrent`	$44.28K	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	$3.10K	USD	Point-in-time
Current portion of loans payable	`LoansPayable`	$271.21K	USD	Point-in-time
Current portion of loans payable	`LoansPayable`	$45.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.07M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$327.86K	USD	Point-in-time
Loans payable, net of discount of $381,744 and $nil, respectively	`ConvertibleNotesPayableCurrent`	$618.26K	USD	Point-in-time
Total liabilities	`Liabilities`	$946.12K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.07M	USD	Point-in-time
Common stock, 5,200,000,000 shares authorized, $0.001 par value 172,000,000 and 368,000,008 shares issued and outstanding, respectively	`CommonStockValue`	$172.00K	USD	Point-in-time
Common stock, 5,200,000,000 shares authorized, $0.001 par value 172,000,000 and 368,000,008 shares issued and outstanding, respectively	`CommonStockValue`	$368.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$-293.91K	USD	Point-in-time
Common stock issuable	`StockholdersEquityNoteSubscriptionsReceivable`	$28.27K	USD	Point-in-time
Common stock issuable	`StockholdersEquityNoteSubscriptionsReceivable`	$20.00K	USD	Point-in-time
Accumulated deficit	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$2.11M	USD	Point-in-time
Accumulated deficit	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$2.25M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-2.06M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-96.31K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$849.81K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$3.25K	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$14.65K	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$14.65K	USD	1 Quarter
General and administrative costs	`GeneralAndAdministrativeExpense`	$411.56K	USD	2 Qtrs
General and administrative costs	`GeneralAndAdministrativeExpense`	$250.62K	USD	1 Quarter
General and administrative costs	`GeneralAndAdministrativeExpense`	$107.13K	USD	2 Qtrs
General and administrative costs	`GeneralAndAdministrativeExpense`	$20.53K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$10.78K	USD	2 Qtrs
Selling and marketing	`SellingAndMarketingExpense`	$5.14K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$255.76K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$422.34K	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$35.18K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$121.78K	USD	2 Qtrs
Loss before other income (expense)	`IncomeLossFromContinuingOperations`	$-422.34K	USD	2 Qtrs
Loss before other income (expense)	`IncomeLossFromContinuingOperations`	$-121.78K	USD	2 Qtrs
Loss before other income (expense)	`IncomeLossFromContinuingOperations`	$-255.76K	USD	1 Quarter
Loss before other income (expense)	`IncomeLossFromContinuingOperations`	$-35.18K	USD	1 Quarter
Interest income	`IncomeTaxesPaid`	$334.00	USD	2 Qtrs
Interest income	`IncomeTaxesPaid`	-	USD	1 Quarter
Interest income	`IncomeTaxesPaid`	$153.00	USD	1 Quarter
Interest expense	`InterestExpense`	$20.13K	USD	1 Quarter
Interest expense	`InterestExpense`	$20.13K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-19.80K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-19.98K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-55.16K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-141.58K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-255.76K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-422.34K	USD	2 Qtrs
Net loss per share, basic and diluted (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per share, basic and diluted (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per share, basic and diluted (in Dollars per share)	`EarningsPerShareBasic`	-	USD	2 Qtrs
Net loss per share, basic and diluted (in Dollars per share)	`EarningsPerShareBasic`	-	USD	2 Qtrs
Weighted average number of shares outstanding , basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	287.67M	shares	2 Qtrs
Weighted average number of shares outstanding , basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	363.69M	shares	1 Quarter
Weighted average number of shares outstanding , basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	172.00M	shares	1 Quarter
Weighted average number of shares outstanding , basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	279.84M	shares	2 Qtrs

Cash Flow Statement 33 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-55.16K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-141.58K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-255.76K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-422.34K	USD	2 Qtrs
Accretion of the present value of long term loan	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$20.13K	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$14.65K	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$14.65K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsPayable`	$-334.00	USD	2 Qtrs
Deferred offering costs	`IncreaseDecreaseInDeferredRevenue`	$2.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$47.26K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$302.12K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-118.22K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-59.88K	USD	2 Qtrs
Cash acquired in acquisition	`CashAcquiredFromAcquisition`	$2.23K	USD	2 Qtrs
Cash removed on deconsolidation	`CashDivestedFromDeconsolidation`	$1.29K	USD	2 Qtrs
Purchase of fixed asset	`PurchaseOfFixedAssets`	$-1.21K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.29K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.02K	USD	2 Qtrs
Proceeds from loans payables	`ProceedsFromNotesPayable`	$10.00K	USD	2 Qtrs
Proceeds from loans payables	`ProceedsFromNotesPayable`	$57.91K	USD	2 Qtrs
Proceeds from loans payable related parties	`IncreaseDecreaseDueFromOtherRelatedParties`	$-40.60K	USD	2 Qtrs
Proceeds from issuance of common stock	`IncreaseDecreaseInNotesReceivables`	$-80.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$57.91K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$130.60K	USD	2 Qtrs
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.25K	USD	2 Qtrs
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$13.39K	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.82K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.25K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$423.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.82K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.25K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$423.00	USD	Point-in-time
Acquisition of intangible assets with loan payable	`FairValueOfAssetsAcquired`	$798.12K	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.