10-Q Filing

ETHOS MEDIA NETWORK, INC. CIK: 1585738 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001477932-14-001779`
Period End Date	20140228
Filing Date	20140415
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	eye-20140228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 42 Cash Flow Statement 38 Stockholders Equity 24

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, Par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, Par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.40K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$250.00	USD	Point-in-time
Preferred stock, Shares authorized	`PreferredStockSharesAuthorized`	75.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.45K	USD	Point-in-time
Preferred stock, Shares authorized	`PreferredStockSharesAuthorized`	75.00M	shares	Point-in-time
Accounts receivable, net	`AccountsAndNotesReceivableNet`	$4.60K	USD	Point-in-time
Preferred stock, Shares issued	`PreferredStockSharesIssued`	50.00M	shares	Point-in-time
Preferred stock, Shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsAndNotesReceivableNet`	-	USD	Point-in-time
Preferred stock, Shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Notes receivable	`NotesReceivableNet`	$1.00K	USD	Point-in-time
Preferred stock, Shares outstanding	`PreferredStockSharesOutstanding`	50.00M	shares	Point-in-time
Notes receivable	`NotesReceivableNet`	$1.00K	USD	Point-in-time
Common Stock, Par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$41.67K	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$9.58K	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$41.67K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$64.62K	USD	Point-in-time
Common Stock, Shares authorized	`CommonStockSharesAuthorized`	900.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$75.07K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$75.07K	USD	Point-in-time
Common Stock, Shares authorized	`CommonStockSharesAuthorized`	900.00M	shares	Point-in-time
Common Stock, Shares issued	`CommonStockSharesIssued`	24.69M	shares	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$1.74M	USD	Point-in-time
Common Stock, Shares issued	`CommonStockSharesIssued`	27.73M	shares	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$1.75M	USD	Point-in-time
Common Stock, Shares outstanding	`CommonStockSharesOutstanding`	27.73M	shares	Point-in-time
Common Stock, Shares outstanding	`CommonStockSharesOutstanding`	24.69M	shares	Point-in-time
Deposits	`DepositAssets`	-	USD	Point-in-time
Deposits	`DepositAssets`	$157.84K	USD	Point-in-time
Total assets	`Assets`	$1.82M	USD	Point-in-time
Total assets	`Assets`	$1.82M	USD	Point-in-time
Total assets	`Assets`	$1.97M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$5.86K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$767.00	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$6.00K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.86K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$767.00	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.86K	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$767.00	USD	Point-in-time
Total liabilities	`Liabilities`	$11.86K	USD	Point-in-time
Preferred stock, $0. 001 par value, 750,000,000 shares authorized, 50,000,000 and 0 issued and outstanding	`PreferredStockValue`	$50.00K	USD	Point-in-time
Preferred stock, $0. 001 par value, 750,000,000 shares authorized, 50,000,000 and 0 issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0. 001 par value, 750,000,000 shares authorized, 50,000,000 and 0 issued and outstanding	`PreferredStockValue`	$50.00K	USD	Point-in-time
Common stock, $0. 001 par value, 900,000,000 shares authorized, 27,725,000 and 24,690,000 shares issued and outstanding	`CommonStockValue`	$27.73K	USD	Point-in-time
Common stock, $0. 001 par value, 900,000,000 shares authorized, 27,725,000 and 24,690,000 shares issued and outstanding	`CommonStockValue`	$27.73K	USD	Point-in-time
Common stock, $0. 001 par value, 900,000,000 shares authorized, 27,725,000 and 24,690,000 shares issued and outstanding	`CommonStockValue`	$24.69K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.19M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.18M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-462.98K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-456.93K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-174.78K	USD	Point-in-time
Total stockholder's equity	`StockholdersEquity`	$1.80M	USD	Point-in-time
Total stockholder's equity	`StockholdersEquity`	$1.97M	USD	Point-in-time
Total stockholder's equity	`StockholdersEquity`	-	USD	Point-in-time
Total stockholder's equity	`StockholdersEquity`	$1.80M	USD	Point-in-time
Total liabilities, and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.97M	USD	Point-in-time
Total liabilities, and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.82M	USD	Point-in-time
Total liabilities, and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.82M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueGoodsNet`	$8.36K	USD	2 Qtrs
Revenues	`SalesRevenueGoodsNet`	$8.36K	USD	1 Quarter
Revenues	`SalesRevenueGoodsNet`	$21.15K	USD	2 Qtrs
Revenues	`SalesRevenueGoodsNet`	$5.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$15.44K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$41.19K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$15.44K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$63.81K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$9.00K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$28.39K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$9.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$39.44K	USD	2 Qtrs
Depreciation	`Depreciation`	$41.59K	USD	1 Quarter
Depreciation	`Depreciation`	$41.59K	USD	2 Qtrs
Depreciation	`Depreciation`	$200.05K	USD	2 Qtrs
Depreciation	`Depreciation`	$146.74K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$216.32K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$66.03K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$66.03K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$303.30K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-57.68K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-57.68K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-211.32K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-282.15K	USD	2 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-57.68K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-174.78K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-282.15K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-57.68K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-211.32K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-57.68K	USD	1 Quarter
Earnings (loss) per share, basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Earnings (loss) per share, basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Earnings (loss) per share, basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Earnings (loss) per share, basic	`EarningsPerShareBasic`	$-0.01	USD	2 Qtrs
Weighted Average share outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	15.75M	shares	2 Qtrs
Weighted Average share outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	15.75M	shares	1 Quarter
Weighted Average share outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.70M	shares	2 Qtrs
Weighted Average share outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.71M	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-57.68K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-174.78K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-282.15K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-57.68K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-211.32K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-57.68K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$200.05K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$41.59K	USD	Point-in-time
Stock based compensation	`ShareBasedCompensation`	$28.00K	USD	Point-in-time
Stock based compensation	`ShareBasedCompensation`	$10.33K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$-17.18K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$15.18K	USD	Point-in-time
Accrued Expenses & current liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$2.10K	USD	2 Qtrs
Accrued Expenses & current liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-81.08K	USD	Point-in-time
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-52.49K	USD	2 Qtrs
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-84.35K	USD	Point-in-time
Cash acquired in acquisition	`CashAcquiredFromAcquisition`	-	USD	Point-in-time
Cash acquired in acquisition	`CashAcquiredFromAcquisition`	$2.45K	USD	2 Qtrs
Net cash provided (used by) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.45K	USD	2 Qtrs
Net cash provided (used by) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Point-in-time
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$84.60K	USD	Point-in-time
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$33.00K	USD	2 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$33.00K	USD	2 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$84.60K	USD	Point-in-time
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$250.00	USD	Point-in-time
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-17.04K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$32.40K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$250.00	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.45K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$32.40K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$250.00	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$49.45K	USD	Point-in-time
Interest	`InterestPaid`	-	USD	2 Qtrs
Interest	`InterestPaid`	-	USD	Point-in-time
Taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Taxes	`IncomeTaxesPaid`	-	USD	Point-in-time

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, amount	`StockholdersEquity`	$1.80M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$1.97M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	-	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$1.80M	USD	Point-in-time
Founders' shares issued, amount	`CommonStockValueIssuedToFounder`	-	USD	2 Qtrs
Stock for equipment, amount	`CommonStockValueIIssuedForEquipment`	$2.03M	USD	2 Qtrs
Capital contribution	`AdjustmentsToAdditionalPaidInCapitalOther`	$34.32K	USD	2 Qtrs
Capital contribution	`AdjustmentsToAdditionalPaidInCapitalOther`	$14.60K	USD	2 Qtrs
Stock for cash, amount	`StockIssuedDuringPeriodValueIssuedForCash`	$33.00K	USD	2 Qtrs
Stock for cash, amount	`StockIssuedDuringPeriodValueIssuedForCash`	$70.00K	USD	2 Qtrs
Stock for services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	$28.00K	USD	2 Qtrs
Stock for services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	$2.00K	USD	2 Qtrs
Preferred stock for services, amount	`PreferredStockForServicesAmount`	$50.00K	USD	2 Qtrs
Recapitalization - January 22,2013, amount	`CommonStockValueIssuedForRecapitalization`	$-3.55K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-57.68K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-174.78K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-282.15K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-57.68K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-211.32K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-57.68K	USD	1 Quarter
Ending balance, amount	`StockholdersEquity`	$1.80M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$1.97M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	-	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$1.80M	USD	Point-in-time

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