10-K Filing

ETHOS MEDIA NETWORK, INC. CIK: 1585738 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001477932-17-005306`
Period End Date	20170831
Filing Date	20171031
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	eye-20170831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 34 Cash Flow Statement 38 Stockholders Equity 11

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, net of accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.09M	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$504.81K	USD	Point-in-time
Convertible note payable, net of discount	`DebtInstrumentUnamortizedDiscount`	$-24.73K	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`	$68.93K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.07K	USD	Point-in-time
Note receivable	`NotesReceivableNet`	$24.50K	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
Note receivable	`NotesReceivableNet`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.07K	USD	Point-in-time
Preferred stock, Shares authorized	`PreferredStockSharesAuthorized`	500.00M	shares	Point-in-time
Preferred stock, Shares authorized	`PreferredStockSharesAuthorized`	500.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$93.43K	USD	Point-in-time
Preferred stock, Shares issued	`PreferredStockSharesIssued`	50.00M	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $504,812 and $1,090,118, respectively	`PropertyPlantAndEquipmentNet`	$991.69K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $504,812 and $1,090,118, respectively	`PropertyPlantAndEquipmentNet`	$148.15K	USD	Point-in-time
Preferred stock, Shares issued	`PreferredStockSharesIssued`	50.00M	shares	Point-in-time
Preferred stock, Shares outstanding	`PreferredStockSharesOutstanding`	50.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$241.58K	USD	Point-in-time
Preferred stock, Shares outstanding	`PreferredStockSharesOutstanding`	50.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$993.76K	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
Common Stock, Shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Common Stock, Shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Common Stock, Shares issued	`CommonStockSharesIssued`	28.79M	shares	Point-in-time
Common Stock, Shares issued	`CommonStockSharesIssued`	28.58M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.62K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.19K	USD	Point-in-time
Common Stock, Shares outstanding	`CommonStockSharesOutstanding`	28.79M	shares	Point-in-time
Common Stock, Shares outstanding	`CommonStockSharesOutstanding`	28.58M	shares	Point-in-time
Accrued interest	`AccruedLiabilitiesCurrent`	$9.35K	USD	Point-in-time
Accrued interest	`AccruedLiabilitiesCurrent`	-	USD	Point-in-time
Convertible note payable, net of discount of $24,731 and $0, respectively	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Convertible note payable, net of discount of $24,731 and $0, respectively	`ConvertibleNotesPayableCurrent`	$170.27K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$1.63M	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`	$1.82M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.82M	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`	$2.90M	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`	$-4.55M	USD	Point-in-time
Total Stockholders' Equity/(Deficit)	`StockholdersEquity`	$987.13K	USD	Point-in-time
Total Stockholders' Equity/(Deficit)	`StockholdersEquity`	$-1.58M	USD	Point-in-time
Total Stockholders' Equity/(Deficit)	`StockholdersEquity`	$1.34M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$241.58K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$993.76K	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$18.90K	USD	Annual
Revenues	`Revenues`	$39.07K	USD	Annual
Contractor costs	`DirectOperatingCosts`	$3.08K	USD	Annual
Contractor costs	`DirectOperatingCosts`	$19.04K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	-	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$49.00K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	-	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$366.58K	USD	Annual
Professional fees	`ProfessionalFees`	$66.06K	USD	Annual
Professional fees	`ProfessionalFees`	$70.40K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$57.75K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$54.37K	USD	Annual
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	$495.24K	USD	Annual
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$324.17K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$346.40K	USD	Annual
Total operating expenses	`OperatingExpenses`	$852.45K	USD	Annual
Total operating expenses	`OperatingExpenses`	$999.63K	USD	Annual
Net loss from operations	`OperatingIncomeLoss`	$-833.55K	USD	Annual
Net loss from operations	`OperatingIncomeLoss`	$-960.56K	USD	Annual
Gain on disposition	`GainLossOnDispositionOfAssets`	-	USD	Annual
Gain on disposition	`GainLossOnDispositionOfAssets`	$370.00	USD	Annual
Interest expense	`InterestExpense`	$9.39K	USD	Annual
Interest expense	`InterestExpense`	-	USD	Annual
Interest expense related to derivative liability	`InterestExpenseRelatedParty`	$170.27K	USD	Annual
Interest expense related to derivative liability	`InterestExpenseRelatedParty`	-	USD	Annual
Change in derivative	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Change in derivative	`GainsLossesOnExtinguishmentOfDebt`	$-1.44M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.58M	USD	Annual
Net loss	`NetIncomeLoss`	$-833.55K	USD	Annual
Basic and diluted loss per share	`EarningsPerShareBasic`	$-0.03	USD	Annual
Basic and diluted loss per share	`EarningsPerShareBasic`	$-0.09	USD	Annual
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	28.36M	shares	Annual
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	28.70M	shares	Annual

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-2.58M	USD	Annual
Net (loss)	`NetIncomeLoss`	$-833.55K	USD	Annual
Gain on sale of fixed asset	`GainLossOnDispositionOfAssets`	-	USD	Annual
Gain on sale of fixed asset	`GainLossOnDispositionOfAssets`	$370.00	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$324.17K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$346.40K	USD	Annual
Beneficial conversion of derivative convertible notes	`DebtInstrumentConvertibleBeneficialConversionFeature`	$1.61M	USD	Annual
Beneficial conversion of derivative convertible notes	`DebtInstrumentConvertibleBeneficialConversionFeature`	-	USD	Annual
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	$495.24K	USD	Annual
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	Annual
Stock issued for services provided	`ShareBasedCompensation`	-	USD	Annual
Stock issued for services provided	`ShareBasedCompensation`	$366.58K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$561.00	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.28K	USD	Annual
Accrued interest	`IncreaseDecreaseInAccruedLiabilities`	-	USD	Annual
Accrued interest	`IncreaseDecreaseInAccruedLiabilities`	$9.35K	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-140.64K	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-115.30K	USD	Annual
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$195.00K	USD	Annual
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	-	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$12.50K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$110.00K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$207.50K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$110.00K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.30K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$66.86K	USD	Annual
Cash and cash equivalents Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.37K	USD	Point-in-time
Cash and cash equivalents Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$68.93K	USD	Point-in-time
Cash and cash equivalents Beginning 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`	$68.93K	USD	Point-in-time
Cash and cash equivalents End of period	`CashAndCashEquivalentsAtCarryingValue`	$2.07K	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
Derivative convertible liability recorded	`DebtConversionConvertedInstrumentAmount1`	-	USD	Annual
Derivative convertible liability recorded	`DebtConversionConvertedInstrumentAmount1`	$1.63M	USD	Annual

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$987.13K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-1.58M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$1.34M	USD	Point-in-time
Stock issued for cash, Amount	`StockIssuedDuringPeriodValueOther`	$110.00K	USD	Annual
Stock issued for services, Amount	`StockIssuedDuringPeriodValueIssuedForServices`	$12.50K	USD	Annual
Stock issued for services, Amount	`StockIssuedDuringPeriodValueIssuedForServices`	$366.58K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.58M	USD	Annual
Net loss	`NetIncomeLoss`	$-833.55K	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$987.13K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-1.58M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$1.34M	USD	Point-in-time

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