10-Q Filing

ETHOS MEDIA NETWORK, INC. CIK: 1585738 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001477932-17-003168`
Period End Date	20170531
Filing Date	20170706
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	eye-20170531.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 61 Cash Flow Statement 49

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, net of accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.59M	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.09M	USD	Point-in-time
Intangible assets, net of accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	-	USD	Point-in-time
Intangible assets, net of accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$99.71K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.07K	USD	Point-in-time
Convertible note payable, net of discount	`DebtInstrumentUnamortizedDiscount`	$-124.17K	USD	Point-in-time
Convertible note payable, net of discount	`DebtInstrumentUnamortizedDiscount`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.37K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.81K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$99.71K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.07K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $1,593,802 and $1,090,118, respectively	`PropertyPlantAndEquipmentNet`	$412.89K	USD	Point-in-time
Preferred stock, Par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, Par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $1,593,802 and $1,090,118, respectively	`PropertyPlantAndEquipmentNet`	$991.69K	USD	Point-in-time
Preferred stock, Shares authorized	`PreferredStockSharesAuthorized`	500.00M	shares	Point-in-time
Intangible assets, net of accumulated amortization of $0 and $0, respectively	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Preferred stock, Shares authorized	`PreferredStockSharesAuthorized`	500.00M	shares	Point-in-time
Intangible assets, net of accumulated amortization of $0 and $0, respectively	`IntangibleAssetsNetExcludingGoodwill`	$30.30K	USD	Point-in-time
Preferred stock, Shares issued	`PreferredStockSharesIssued`	50.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$542.90K	USD	Point-in-time
Preferred stock, Shares issued	`PreferredStockSharesIssued`	50.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$993.76K	USD	Point-in-time
Preferred stock, Shares outstanding	`PreferredStockSharesOutstanding`	50.00M	shares	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
Common Stock, Par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.62K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.31K	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
Accrued interest	`AccruedLiabilitiesCurrent`	-	USD	Point-in-time
Common Stock, Shares issued	`CommonStockSharesIssued`	28.79M	shares	Point-in-time
Accrued interest	`AccruedLiabilitiesCurrent`	$3.88K	USD	Point-in-time
Common Stock, Shares issued	`CommonStockSharesIssued`	28.58M	shares	Point-in-time
Convertible note payable, net of discount of $124,172 and $0, respectively	`ConvertibleNotesPayableCurrent`	$70.83K	USD	Point-in-time
Common Stock, Shares outstanding	`CommonStockSharesOutstanding`	28.58M	shares	Point-in-time
Convertible note payable, net of discount of $124,172 and $0, respectively	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Common Stock, Shares outstanding	`CommonStockSharesOutstanding`	28.79M	shares	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$605.84K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$6.62K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$684.86K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$684.86K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$6.62K	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 28,789,451 and 28,576,951 shares issued and outstanding, respectively	`CommonStockValue`	$28.79K	USD	Point-in-time
Common stock: 750,000,000 authorized; $0.001 par value 28,789,451 and 28,576,951 shares issued and outstanding, respectively	`CommonStockValue`	$28.58K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.64M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.98M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.86M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-141.96K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$987.13K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$542.90K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$993.76K	USD	Point-in-time

Income Statement 61 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$11.30K	USD	1 Quarter
Revenues	`Revenues`	$15.00K	USD	3 Qtrs
Revenues	`Revenues`	$3.70K	USD	1 Quarter
Revenues	`Revenues`	$32.38K	USD	3 Qtrs
Contractor costs	`DirectOperatingCosts`	$325.00	USD	1 Quarter
Contractor costs	`DirectOperatingCosts`	$1.77K	USD	3 Qtrs
Contractor costs	`DirectOperatingCosts`	$18.84K	USD	3 Qtrs
Contractor costs	`DirectOperatingCosts`	$2.68K	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	-	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	-	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	$311.00K	USD	3 Qtrs
Stock issued for services	`ShareBasedCompensation`	-	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$49.97K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$59.39K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$4.73K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$62.11K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$45.74K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$10.06K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$46.25K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$22.44K	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	3 Qtrs
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	$335.67K	USD	3 Qtrs
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$84.80K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$243.12K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$261.60K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$81.04K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$153.77K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$102.27K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$697.08K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$688.42K	USD	3 Qtrs
Net loss from operations	`OperatingIncomeLoss`	$-656.04K	USD	3 Qtrs
Net loss from operations	`OperatingIncomeLoss`	$-682.08K	USD	3 Qtrs
Net loss from operations	`OperatingIncomeLoss`	$-142.47K	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-98.57K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.88K	USD	3 Qtrs
Interest expense	`InterestExpense`	-	USD	3 Qtrs
Interest expense	`InterestExpense`	$3.88K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense related to derivative liability	`InterestExpenseRelatedParty`	$70.83K	USD	3 Qtrs
Interest expense related to derivative liability	`InterestExpenseRelatedParty`	-	USD	1 Quarter
Interest expense related to derivative liability	`InterestExpenseRelatedParty`	$70.83K	USD	1 Quarter
Interest expense related to derivative liability	`InterestExpenseRelatedParty`	-	USD	3 Qtrs
Change in derivative	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Change in derivative	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Change in derivative	`GainsLossesOnExtinguishmentOfDebt`	$-149.76K	USD	1 Quarter
Change in derivative	`GainsLossesOnExtinguishmentOfDebt`	$-149.76K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-682.08K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-98.57K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-880.51K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-366.94K	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasic`	$-0.02	USD	3 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasic`	$-0.03	USD	3 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasic`	-	USD	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	28.46M	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	28.67M	shares	3 Qtrs
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	28.32M	shares	3 Qtrs
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	28.79M	shares	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-682.08K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-98.57K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-880.51K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-366.94K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$243.12K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$261.60K	USD	3 Qtrs
Beneficial conversion of derivative convertible notes	`DebtInstrumentConvertibleBeneficialConversionFeature`	-	USD	3 Qtrs
Beneficial conversion of derivative convertible notes	`DebtInstrumentConvertibleBeneficialConversionFeature`	$220.59K	USD	3 Qtrs
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	3 Qtrs
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	$335.67K	USD	3 Qtrs
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	Annual
Stock issued for services provided	`ShareBasedCompensation`	-	USD	1 Quarter
Stock issued for services provided	`ShareBasedCompensation`	-	USD	1 Quarter
Stock issued for services provided	`ShareBasedCompensation`	$311.00K	USD	3 Qtrs
Stock issued for services provided	`ShareBasedCompensation`	-	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.92K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.31K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedLiabilities`	$3.88K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedLiabilities`	-	USD	3 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-79.56K	USD	3 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-105.55K	USD	3 Qtrs
Intangible assets	`PaymentsToAcquireIntangibleAssets`	$30.30K	USD	3 Qtrs
Intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	3 Qtrs
Net Cash provided by (used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-30.30K	USD	3 Qtrs
Net Cash provided by (used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$105.00K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$12.50K	USD	3 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	-	USD	3 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$195.00K	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$105.00K	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$207.50K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$97.64K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-554.00	USD	3 Qtrs
Cash and cash equivalents Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$99.71K	USD	Point-in-time
Cash and cash equivalents Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.07K	USD	Point-in-time
Cash and cash equivalents Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.37K	USD	Point-in-time
Cash and cash equivalents Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.81K	USD	Point-in-time
Cash and cash equivalents End of period	`CashAndCashEquivalentsAtCarryingValue`	$99.71K	USD	Point-in-time
Cash and cash equivalents End of period	`CashAndCashEquivalentsAtCarryingValue`	$2.07K	USD	Point-in-time
Cash and cash equivalents End of period	`CashAndCashEquivalentsAtCarryingValue`	$7.37K	USD	Point-in-time
Cash and cash equivalents End of period	`CashAndCashEquivalentsAtCarryingValue`	$6.81K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Derivative convertible liability recorded	`DebtConversionConvertedInstrumentAmount1`	$605.84K	USD	3 Qtrs
Derivative convertible liability recorded	`DebtConversionConvertedInstrumentAmount1`	-	USD	3 Qtrs

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