10-Q Filing

ETHOS MEDIA NETWORK, INC. CIK: 1585738 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001477932-14-003704`
Period End Date	20140531
Filing Date	20140715
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	eye-20140531.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 44 Cash Flow Statement 48

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, net of allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.88K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$397.32K	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$126.04K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.05K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.45K	USD	Point-in-time
Preferred stock, Par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,875 and $0, respectively	`AccountsAndNotesReceivableNet`	$4.60K	USD	Point-in-time
Preferred stock, Par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,875 and $0, respectively	`AccountsAndNotesReceivableNet`	$16.88K	USD	Point-in-time
Preferred stock, Shares authorized	`PreferredStockSharesAuthorized`	500.00M	shares	Point-in-time
Notes receivable	`NotesReceivableNet`	$1.00K	USD	Point-in-time
Preferred stock, Shares authorized	`PreferredStockSharesAuthorized`	500.00M	shares	Point-in-time
Notes receivable	`NotesReceivableNet`	$1.00K	USD	Point-in-time
Preferred stock, Shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseCurrent`	$9.58K	USD	Point-in-time
Preferred stock, Shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseCurrent`	$29.17K	USD	Point-in-time
Preferred stock, Shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$64.10K	USD	Point-in-time
Preferred stock, Shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$64.62K	USD	Point-in-time
Common Stock, Par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $397,324 and $126,036, respectively	`PropertyPlantAndEquipmentNet`	$1.67M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $397,324 and $126,036, respectively	`PropertyPlantAndEquipmentNet`	$1.75M	USD	Point-in-time
Common Stock, Par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Common Stock, Shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Other assets	`OtherAssets`	$157.84K	USD	Point-in-time
Other assets	`OtherAssets`	-	USD	Point-in-time
Common Stock, Shares issued	`CommonStockSharesIssued`	24.69M	shares	Point-in-time
Common Stock, Shares issued	`CommonStockSharesIssued`	27.74M	shares	Point-in-time
Total assets	`Assets`	$1.73M	USD	Point-in-time
Total assets	`Assets`	$1.97M	USD	Point-in-time
Common Stock, Shares outstanding	`CommonStockSharesOutstanding`	24.69M	shares	Point-in-time
Common Stock, Shares outstanding	`CommonStockSharesOutstanding`	27.74M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.90K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$767.00	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$498.00	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	-	USD	Point-in-time
Note payable, related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$6.00K	USD	Point-in-time
Note payable, related party	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	-	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.40K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$767.00	USD	Point-in-time
Total liabilities	`Liabilities`	$13.40K	USD	Point-in-time
Total liabilities	`Liabilities`	$767.00	USD	Point-in-time
Preferred stock: 500,000,000 authorized; $0.001 par value 0 shares issued and outstanding	`PreferredStockValue`	$50.00K	USD	Point-in-time
Preferred stock: 500,000,000 authorized; $0.001 par value 0 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock: 750,000,000 authorized; $0.001 par value 27,738,000 and 24,690,000 shares issued and outstanding	`CommonStockValue`	$24.69K	USD	Point-in-time
Common stock: 750,000,000 authorized; $0.001 par value 27,738,000 and 24,690,000 shares issued and outstanding	`CommonStockValue`	$27.74K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.20M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.12M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-174.78K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-556.67K	USD	Point-in-time
Total stockholder's equity	`StockholdersEquity`	$1.97M	USD	Point-in-time
Total stockholder's equity	`StockholdersEquity`	$1.72M	USD	Point-in-time
Total liabilities, and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.97M	USD	Point-in-time
Total liabilities, and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.73M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueGoodsNet`	$42.38K	USD	3 Qtrs
Revenues	`SalesRevenueGoodsNet`	$15.32K	USD	1 Quarter
Revenues	`SalesRevenueGoodsNet`	$21.23K	USD	1 Quarter
Total Revenues	`Revenues`	$21.23K	USD	1 Quarter
Total Revenues	`Revenues`	$15.32K	USD	1 Quarter
Total Revenues	`Revenues`	$42.38K	USD	3 Qtrs
Direct costs	`DirectOperatingCosts`	-	USD	1 Quarter
Direct costs	`DirectOperatingCosts`	-	USD	3 Qtrs
Direct costs	`DirectOperatingCosts`	$15.52K	USD	1 Quarter
Marketing and sales	`MarketingExpense`	-	USD	1 Quarter
Marketing and sales	`MarketingExpense`	-	USD	3 Qtrs
Compensation	`Compensation`	$-24.08K	USD	1 Quarter
Compensation	`Compensation`	$-24.08K	USD	3 Qtrs
Compensation	`Compensation`	-	USD	1 Quarter
Professional	`ProfessionalFees`	$56.71K	USD	3 Qtrs
Professional	`ProfessionalFees`	$17.27K	USD	1 Quarter
Professional	`ProfessionalFees`	$13.05K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$246.00	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$42.34K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$-21.47K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	-	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$60.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$301.15K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$101.10K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$120.98K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$424.28K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$88.82K	USD	1 Quarter
Net loss from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-99.75K	USD	1 Quarter
Net loss from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-73.50K	USD	1 Quarter
Net loss from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-381.90K	USD	3 Qtrs
Interest expense	`InterestExpense`	-	USD	3 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-99.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-73.50K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-381.90K	USD	3 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasic`	-	USD	3 Qtrs
Weighted Average share outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.69M	shares	1 Quarter
Weighted Average share outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.73M	shares	1 Quarter
Weighted Average share outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.71M	shares	3 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-99.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-73.50K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-381.90K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$66.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$271.29K	USD	3 Qtrs
Amortization of prepaid expenses	`AmortizationOfPrepaidExpenses`	-	USD	1 Quarter
Amortization of prepaid expenses	`AmortizationOfPrepaidExpenses`	$20.83K	USD	3 Qtrs
Change in derivative	`ChangeInDerivative`	-	USD	1 Quarter
Change in derivative	`ChangeInDerivative`	-	USD	3 Qtrs
Shares issued for services provided	`SharesIssuedForServicesProvided`	$28.00K	USD	1 Quarter
Shares issued for services provided	`SharesIssuedForServicesProvided`	-	USD	3 Qtrs
Accounts receivable, net of allowance for doubtful	`AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease`	$-14.15K	USD	3 Qtrs
Accounts receivable, net of allowance for doubtful	`AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease`	-	USD	1 Quarter
Notes receivable	`IncreaseDecreaseInNotesReceivableCurrent`	$-1.00K	USD	1 Quarter
Notes receivable	`IncreaseDecreaseInNotesReceivableCurrent`	-	USD	3 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$-9.58K	USD	3 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$15.33K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.46K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.10K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	-	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$498.00	USD	3 Qtrs
Total adjustments	`TotalAdjustments`	$294.51K	USD	3 Qtrs
Total adjustments	`TotalAdjustments`	$74.57K	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-87.39K	USD	3 Qtrs
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-14.60K	USD	1 Quarter
Proceeds from notes and loans payable	`IncreaseDecreaseInNotesPayableRelatedParties`	$6.00K	USD	3 Qtrs
Proceeds from notes and loans payable	`IncreaseDecreaseInNotesPayableRelatedParties`	-	USD	1 Quarter
Capital contribution	`PartnersCapitalAccountContributions`	-	USD	3 Qtrs
Capital contribution	`PartnersCapitalAccountContributions`	$-14.60K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$49.00K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$55.00K	USD	3 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.60K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-32.39K	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.05K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	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`	$17.05K	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`	$49.45K	USD	Point-in-time
Interest	`InterestPaid`	-	USD	3 Qtrs
Interest	`InterestPaid`	-	USD	1 Quarter
Taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Stock issued for assets	`StockIssuedForAssets`	$2.03M	USD	3 Qtrs

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