10-K Filing

ETHOS MEDIA NETWORK, INC. CIK: 1585738 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001477932-15-006889`
Period End Date	20150831
Filing Date	20151113
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	eye-20150831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 26 Cash Flow Statement 40 Stockholders Equity 15

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, net of allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.62K	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$743.72K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.45K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.60K	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$397.32K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.37K	USD	Point-in-time
Preferred stock, Par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $0 and $8,625, respectively	`AccountsAndNotesReceivableNet`	-	USD	Point-in-time
Preferred stock, Par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $0 and $8,625, respectively	`AccountsAndNotesReceivableNet`	$77.62K	USD	Point-in-time
Preferred stock, Shares authorized	`PreferredStockSharesAuthorized`	500.00M	shares	Point-in-time
Notes receivable	`NotesReceivableNet`	-	USD	Point-in-time
Notes receivable	`NotesReceivableNet`	$497.00	USD	Point-in-time
Preferred stock, Shares authorized	`PreferredStockSharesAuthorized`	500.00M	shares	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
Total current assets	`AssetsCurrent`	$7.37K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$88.72K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $743,721 and $397,324, respectively	`PropertyPlantAndEquipmentNet`	$1.34M	USD	Point-in-time
Preferred stock, Shares outstanding	`PreferredStockSharesOutstanding`	50.00M	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $743,721 and $397,324, respectively	`PropertyPlantAndEquipmentNet`	$1.68M	USD	Point-in-time
Preferred stock, Shares outstanding	`PreferredStockSharesOutstanding`	50.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$1.77M	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
TOTAL ASSETS	`Assets`	$1.35M	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
Accounts payable	`AccountsPayableCurrent`	$10.46K	USD	Point-in-time
Common Stock, Shares issued	`CommonStockSharesIssued`	27.74M	shares	Point-in-time
Common Stock, Shares issued	`CommonStockSharesIssued`	27.99M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.35K	USD	Point-in-time
Common Stock, Shares outstanding	`CommonStockSharesOutstanding`	27.74M	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.46K	USD	Point-in-time
Common Stock, Shares outstanding	`CommonStockSharesOutstanding`	27.99M	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.35K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$10.46K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.35K	USD	Point-in-time
Preferred stock: 500,000,000 authorized; $0.001 par value 50,000,000 and 50,000,000 shares issued and outstanding, respectively	`PreferredStockValue`	$50.00K	USD	Point-in-time
Preferred stock: 500,000,000 authorized; $0.001 par value 50,000,000 and 50,000,000 shares issued and outstanding, respectively	`PreferredStockValue`	$50.00K	USD	Point-in-time
Common stock: 750,000,000 authorized; $0.001 par value 27,990,500 and 27,738,000 shares issued and outstanding, respectively	`CommonStockValue`	$27.99K	USD	Point-in-time
Common stock: 750,000,000 authorized; $0.001 par value 27,990,500 and 27,738,000 shares issued and outstanding, respectively	`CommonStockValue`	$27.74K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.20M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-518.36K	USD	Point-in-time
Total stockholder's equity	`StockholdersEquity`	$1.34M	USD	Point-in-time
Total stockholder's equity	`StockholdersEquity`	$1.76M	USD	Point-in-time
Total stockholder's equity	`StockholdersEquity`	$1.97M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.35M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.77M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueGoodsNet`	$75.60K	USD	Annual
Revenues	`SalesRevenueGoodsNet`	$213.13K	USD	Annual
Total Revenues	`Revenues`	$213.13K	USD	Annual
Total Revenues	`Revenues`	$75.60K	USD	Annual
Contractor costs	`DirectOperatingCosts`	$114.67K	USD	Annual
Contractor costs	`DirectOperatingCosts`	$93.08K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$174.50K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$52.00K	USD	Annual
Professional fees	`ProfessionalFees`	$42.44K	USD	Annual
Professional fees	`ProfessionalFees`	$44.63K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$34.94K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$95.71K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$339.19K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$271.29K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$705.73K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$556.71K	USD	Annual
Net loss from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-343.58K	USD	Annual
Net loss from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-630.13K	USD	Annual
Gain (loss) on settlement of payables	`GainsLossesOnRestructuringOfDebt`	$6.20K	USD	Annual
Gain (loss) on settlement of payables	`GainsLossesOnRestructuringOfDebt`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-623.93K	USD	Annual
Net loss	`NetIncomeLoss`	$-343.58K	USD	Annual
Basic and diluted loss per share	`EarningsPerShareBasic`	$-0.02	USD	Annual
Basic and diluted loss per share	`EarningsPerShareBasic`	$-0.01	USD	Annual
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	27.86M	shares	Annual
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	26.53M	shares	Annual

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-623.93K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-343.58K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$339.19K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$271.29K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$8.62K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$-8.62K	USD	Annual
Shares issued for services provided	`SharesIssuedForServicesProvided`	$52.00K	USD	Annual
Shares issued for services provided	`SharesIssuedForServicesProvided`	$174.50K	USD	Annual
Accounts receivable, net bad debt expense	`IncreaseDecreaseInAccountsReceivable`	$-81.65K	USD	Annual
Accounts receivable, net bad debt expense	`IncreaseDecreaseInAccountsReceivable`	$86.25K	USD	Annual
Prepaid and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$497.00	USD	Annual
Prepaid and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$10.08K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-9.11K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.15K	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-41.23K	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-77.08K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$7.76K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	-	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.76K	USD	Annual
Proceeds from notes and loans payable	`ProceedsFromNotesPayable`	$6.00K	USD	Annual
Proceeds from notes and loans payable	`ProceedsFromNotesPayable`	-	USD	Annual
Repayments of notes and loans payable	`RepaymentsOfNotesPayable`	-	USD	Annual
Repayments of notes and loans payable	`RepaymentsOfNotesPayable`	$6.00K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$46.00K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$38.00K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$38.00K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$46.00K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.23K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-38.84K	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.45K	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`	$7.37K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$49.45K	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`	$7.37K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$1.34M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$1.76M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$1.97M	USD	Point-in-time
Capital contribution	`PartnersCapitalAccountContributions`	$34.32K	USD	Annual
Stock issued for cash, Amount	`StockIssuedDuringPeriodValueIssuedForCash`	$38.00K	USD	Annual
Stock issued for cash, Amount	`StockIssuedDuringPeriodValueIssuedForCash`	$46.00K	USD	Annual
Stock issued for services, Amount	`StockIssuedDuringPeriodValueIssuedForServices`	$174.50K	USD	Annual
Stock issued for services, Amount	`StockIssuedDuringPeriodValueIssuedForServices`	$2.00K	USD	Annual
Preferred stock issued for services, Amount	`PreferredStockIssuedForServicesAmount`	$50.00K	USD	Annual
Recapitalization - January 22, 2014, Amount	`RecapitalizationJanuary222014Amount`	$-3.55K	USD	Annual
Net loss	`NetIncomeLoss`	$-623.93K	USD	Annual
Net loss	`NetIncomeLoss`	$-343.58K	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$1.34M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$1.76M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$1.97M	USD	Point-in-time

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