10-Q Filing

ETHOS MEDIA NETWORK, INC. CIK: 1585738 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001477932-18-000244`
Period End Date	20171130
Filing Date	20180116
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	eomn-20171130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 33 Cash Flow Statement 37

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, net of accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$504.81K	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$529.11K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.07K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$68.93K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.41K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.10K	USD	Point-in-time
Note receivable	`NotesReceivableNet`	$24.50K	USD	Point-in-time
Convertible note payable, net of discount	`DebtInstrumentUnamortizedDiscount`	$-24.73K	USD	Point-in-time
Note receivable	`NotesReceivableNet`	$24.50K	USD	Point-in-time
Convertible note payable, net of discount	`DebtInstrumentUnamortizedDiscount`	$-17.43K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$93.43K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$55.91K	USD	Point-in-time
Preferred stock, Par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $529,112 and $504,812, respectively	`PropertyPlantAndEquipmentNet`	$148.15K	USD	Point-in-time
Preferred stock, Par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $529,112 and $504,812, respectively	`PropertyPlantAndEquipmentNet`	$123.85K	USD	Point-in-time
Preferred stock, Shares authorized	`PreferredStockSharesAuthorized`	750.00M	shares	Point-in-time
Preferred stock, Shares authorized	`PreferredStockSharesAuthorized`	750.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$179.76K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$241.58K	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
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
Accounts payable	`AccountsPayableCurrent`	$7.19K	USD	Point-in-time
Common Stock, Par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.66K	USD	Point-in-time
Common Stock, Shares authorized	`CommonStockSharesAuthorized`	900.00M	shares	Point-in-time
Accrued interest	`AccruedLiabilitiesCurrent`	$9.35K	USD	Point-in-time
Common Stock, Shares authorized	`CommonStockSharesAuthorized`	900.00M	shares	Point-in-time
Accrued interest	`AccruedLiabilitiesCurrent`	$8.43K	USD	Point-in-time
Convertible note payable, net of discount of $17,429 and $24,731, respectively	`ConvertibleNotesPayableCurrent`	$143.90K	USD	Point-in-time
Common Stock, Shares issued	`CommonStockSharesIssued`	28.79M	shares	Point-in-time
Common Stock, Shares issued	`CommonStockSharesIssued`	44.35M	shares	Point-in-time
Convertible note payable, net of discount of $17,429 and $24,731, respectively	`ConvertibleNotesPayableCurrent`	$170.27K	USD	Point-in-time
Common Stock, Shares outstanding	`CommonStockSharesOutstanding`	28.79M	shares	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$1.63M	USD	Point-in-time
Common Stock, Shares outstanding	`CommonStockSharesOutstanding`	44.35M	shares	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$203.20K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.82M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$365.19K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.82M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$365.19K	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES - See Note 9	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES - See Note 9	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock: 750,000,000 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: 750,000,000 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: 900,000,000 authorized; $0.001 par value 44,348,151 and 28,789,451 shares issued and outstanding, respectively	`CommonStockValue`	$44.35K	USD	Point-in-time
Common stock: 900,000,000 authorized; $0.001 par value 44,348,151 and 28,789,451 shares issued and outstanding, respectively	`CommonStockValue`	$28.79K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$3.04M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.90M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.55M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.32M	USD	Point-in-time
Total Stockholders' Equity/(Deficit)	`StockholdersEquity`	$-185.43K	USD	Point-in-time
Total Stockholders' Equity/(Deficit)	`StockholdersEquity`	$-1.58M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$179.76K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$241.58K	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$10.28K	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Contractor costs	`DirectOperatingCosts`	$7.17K	USD	1 Quarter
Contractor costs	`DirectOperatingCosts`	$450.00	USD	1 Quarter
Professional fees	`ProfessionalFees`	$7.60K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$17.23K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$24.60K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.60K	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	$169.62K	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	$495.24K	USD	Annual
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$84.80K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$24.30K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$73.29K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$267.07K	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-256.79K	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-73.29K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$5.10K	USD	1 Quarter
Interest expense related to derivative liability	`InterestExpenseRelatedParty`	-	USD	1 Quarter
Interest expense related to derivative liability	`InterestExpenseRelatedParty`	$40.91K	USD	1 Quarter
Change in derivative	`GainsLossesOnExtinguishmentOfDebt`	$1.35M	USD	1 Quarter
Change in derivative	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$1.24M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-256.79K	USD	1 Quarter
Basic income (loss) per share	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Basic income (loss) per share	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Diluted income (loss) per share	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted income (loss) per share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	32.82M	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	28.58M	shares	1 Quarter
Diluted weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	-	shares	1 Quarter
Diluted weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	131.62M	shares	1 Quarter

Cash Flow Statement 37 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$1.24M	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-256.79K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$84.80K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$24.30K	USD	1 Quarter
Change in fair market value of derivatives	`GainsLossesOnExtinguishmentOfDebt`	$1.35M	USD	1 Quarter
Change in fair market value of derivatives	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$40.91K	USD	1 Quarter
Stock issued for services provided	`ShareBasedCompensation`	-	USD	1 Quarter
Stock issued for services provided	`ShareBasedCompensation`	$9.00K	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	$169.62K	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	$495.24K	USD	Annual
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.40K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.48K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedLiabilities`	-	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedLiabilities`	$5.10K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-37.52K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$30.00	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-37.52K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$30.00	USD	1 Quarter
Cash and cash equivalents Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.07K	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`	$31.41K	USD	Point-in-time
Cash and cash equivalents Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.10K	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`	$68.93K	USD	Point-in-time
Cash and cash equivalents End of period	`CashAndCashEquivalentsAtCarryingValue`	$31.41K	USD	Point-in-time
Cash and cash equivalents End of period	`CashAndCashEquivalentsAtCarryingValue`	$2.10K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Discount recognized on derivative liability	`DiscountRecognizedOnDerivativeLiability`	$30.00K	USD	1 Quarter
Discount recognized on derivative liability	`DiscountRecognizedOnDerivativeLiability`	-	USD	1 Quarter
Issued common stock to reduce convertible debt	`DebtConversionConvertedInstrumentAmount1`	-	USD	1 Quarter
Issued common stock to reduce convertible debt	`DebtConversionConvertedInstrumentAmount1`	$48.69K	USD	1 Quarter

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