10-K Filing

ETHOS MEDIA NETWORK, INC. CIK: 1585738 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001477932-14-006768`
Period End Date	20140831
Filing Date	20141201
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	eye-20140831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 28 Cash Flow Statement 47 Stockholders Equity 19

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, net of allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.62K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.60K	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$126.04K	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$397.32K	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 $8,625 and $0, respectively	`AccountsAndNotesReceivableNet`	$77.62K	USD	Point-in-time
Preferred stock, Par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $8,625 and $0, respectively	`AccountsAndNotesReceivableNet`	$4.60K	USD	Point-in-time
Preferred stock, Shares authorized	`PreferredStockSharesAuthorized`	500.00M	shares	Point-in-time
Notes receivable	`NotesReceivableNet`	$1.00K	USD	Point-in-time
Notes receivable	`NotesReceivableNet`	$497.00	USD	Point-in-time
Preferred stock, Shares authorized	`PreferredStockSharesAuthorized`	500.00M	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseCurrent`	$9.58K	USD	Point-in-time
Preferred stock, Shares issued	`PreferredStockSharesIssued`	50.00M	shares	Point-in-time
Preferred stock, Shares issued	`PreferredStockSharesIssued`	50.00M	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$88.72K	USD	Point-in-time
Preferred stock, Shares outstanding	`PreferredStockSharesOutstanding`	50.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$64.62K	USD	Point-in-time
Preferred stock, Shares outstanding	`PreferredStockSharesOutstanding`	50.00M	shares	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`	$1.68M	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`	$1.75M	USD	Point-in-time
Other assets	`OtherAssets`	-	USD	Point-in-time
Common Stock, Shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Other assets	`OtherAssets`	$157.84K	USD	Point-in-time
Common Stock, Shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Total assets	`Assets`	$1.97M	USD	Point-in-time
Common Stock, Shares issued	`CommonStockSharesIssued`	24.69M	shares	Point-in-time
Total assets	`Assets`	$1.77M	USD	Point-in-time
Common Stock, Shares issued	`CommonStockSharesIssued`	27.74M	shares	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`	$10.46K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$767.00	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$767.00	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.46K	USD	Point-in-time
Total liabilities	`Liabilities`	$767.00	USD	Point-in-time
Total liabilities	`Liabilities`	$10.46K	USD	Point-in-time
Preferred stock: 500,000,000 authorized; $0.001 par value 50,000,000 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock: 500,000,000 authorized; $0.001 par value 50,000,000 shares issued and outstanding	`PreferredStockValue`	$50.00K	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`	$-518.36K	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`	$1.76M	USD	Point-in-time
Total liabilities, and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.77M	USD	Point-in-time
Total liabilities, and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.97M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueGoodsNet`	$213.13K	USD	Annual
Revenues	`SalesRevenueGoodsNet`	$25.32K	USD	2 Qtrs
Total Revenues	`Revenues`	$213.13K	USD	Annual
Total Revenues	`Revenues`	$25.32K	USD	2 Qtrs
Direct costs	`DirectOperatingCosts`	$39.24K	USD	2 Qtrs
Direct costs	`DirectOperatingCosts`	$89.83K	USD	Annual
Compensation	`Compensation`	$-3.25K	USD	Annual
Compensation	`Compensation`	-	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$52.00K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$28.00K	USD	2 Qtrs
Professional	`ProfessionalFees`	$2.29K	USD	2 Qtrs
Professional	`ProfessionalFees`	$44.63K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$4.53K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$95.71K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$271.29K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$126.04K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$200.09K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$556.71K	USD	Annual
Net loss from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-343.58K	USD	Annual
Net loss from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-174.78K	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-174.78K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-343.58K	USD	Annual
Basic and diluted loss per share	`EarningsPerShareBasic`	$-0.01	USD	2 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasic`	$-0.01	USD	Annual
Weighted Average share outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.69M	shares	2 Qtrs
Weighted Average share outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.53M	shares	Annual

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-174.78K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-343.58K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$271.29K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$126.04K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$8.62K	USD	Annual
Shares issued for services provided	`SharesIssuedForServicesProvided`	$28.00K	USD	2 Qtrs
Shares issued for services provided	`SharesIssuedForServicesProvided`	$52.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.60K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$81.65K	USD	Annual
Notes receivable	`IncreaseDecreaseInNotesReceivableCurrent`	$-503.00	USD	Annual
Notes receivable	`IncreaseDecreaseInNotesReceivableCurrent`	$1.00K	USD	2 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$9.58K	USD	2 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$-9.58K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$767.00	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.15K	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$139.62K	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$266.49K	USD	Annual
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-35.16K	USD	2 Qtrs
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-77.08K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$7.76K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	-	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.76K	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Proceeds from notes and loans payable	`ProceedsFromNotesPayable`	$6.00K	USD	Annual
Proceeds from notes and loans payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Repayments of notes and loans payable	`RepaymentsOfNotesPayable`	$6.00K	USD	Annual
Repayments of notes and loans payable	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Capital contribution	`ProceedsFromPartnershipContribution`	$14.60K	USD	2 Qtrs
Capital contribution	`ProceedsFromPartnershipContribution`	-	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$46.00K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$70.00K	USD	2 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$46.00K	USD	Annual
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$84.60K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$49.45K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-38.84K	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.60K	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`	$10.60K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$49.45K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Stock issued for assets	`StockIssuedForAssets`	-	USD	Annual
Stock issued for assets	`StockIssuedForAssets`	$2.03M	USD	2 Qtrs

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$1.97M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	-	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$1.76M	USD	Point-in-time
Founders shares issued, Amount	`FoundersSharesIssuedAmount`	-	USD	2 Qtrs
Stock issued for cash, Amount	`StockIssuedDuringPeriodValueIssuedForCash`	$46.00K	USD	Annual
Stock issued for cash, Amount	`StockIssuedDuringPeriodValueIssuedForCash`	$70.00K	USD	2 Qtrs
Stock issued for services, Amount	`StockIssuedDuringPeriodValueIssuedForServices`	$28.00K	USD	2 Qtrs
Stock issued for services, Amount	`StockIssuedDuringPeriodValueIssuedForServices`	$2.00K	USD	Annual
Stock issued for equipment, Amount	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$2.03M	USD	2 Qtrs
Capital contribution	`PartnersCapitalAccountContributions`	$14.60K	USD	2 Qtrs
Capital contribution	`PartnersCapitalAccountContributions`	$34.32K	USD	Annual
Preferred stock issued for services, Amount	`PreferredStockIssuedForServicesAmount`	$50.00K	USD	Annual
Conversion of debt to equity	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	-	USD	Annual
Recapitalization - January 22, 2014, Amount	`RecapitalizationJanuary222014Amount`	$-3.55K	USD	Annual
Net loss	`NetIncomeLoss`	$-174.78K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-343.58K	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$1.97M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	-	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$1.76M	USD	Point-in-time

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