10-Q Filing

ETHOS MEDIA NETWORK, INC. CIK: 1585738 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001477932-18-001794`
Period End Date	20180228
Filing Date	20180416
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	eomn-20180228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 69 Cash Flow Statement 59

Balance Sheet 62 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`	$476.90K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.13K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.71K	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
Note receivable	`NotesReceivableNet`	$24.50K	USD	Point-in-time
Convertible note payable, net of discount	`DebtInstrumentUnamortizedDiscountCurrent`	-	USD	Point-in-time
Note receivable	`NotesReceivableNet`	$24.50K	USD	Point-in-time
Convertible note payable, net of discount	`DebtInstrumentUnamortizedDiscountCurrent`	$24.73K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$93.43K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$31.63K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $476,897 and $504,812, respectively	`PropertyPlantAndEquipmentNet`	$100.80K	USD	Point-in-time
Preferred stock, Par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $476,897 and $504,812, respectively	`PropertyPlantAndEquipmentNet`	$148.15K	USD	Point-in-time
Preferred stock, Par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, Shares authorized	`PreferredStockSharesAuthorized`	750.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$241.58K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$132.44K	USD	Point-in-time
Preferred stock, Shares authorized	`PreferredStockSharesAuthorized`	750.00M	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
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`	$0.01	USD	Point-in-time
Common Stock, Par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.09K	USD	Point-in-time
Common Stock, Par value	`CommonStockParOrStatedValuePerShare`	$0.04	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.19K	USD	Point-in-time
Common Stock, Shares authorized	`CommonStockSharesAuthorized`	900.00M	shares	Point-in-time
Accrued interest	`AccruedLiabilitiesCurrent`	$9.35K	USD	Point-in-time
Accrued interest	`AccruedLiabilitiesCurrent`	$12.22K	USD	Point-in-time
Common Stock, Shares authorized	`CommonStockSharesAuthorized`	900.00M	shares	Point-in-time
Common Stock, Shares issued	`CommonStockSharesIssued`	1.92M	shares	Point-in-time
Convertible note payable, net of discount of of $0 and $24,731, respectively	`ConvertibleNotesPayableCurrent`	$154.58K	USD	Point-in-time
Common Stock, Shares issued	`CommonStockSharesIssued`	55.41M	shares	Point-in-time
Common Stock, Shares issued	`CommonStockSharesIssued`	62,500.00	shares	Point-in-time
Convertible note payable, net of discount of of $0 and $24,731, respectively	`ConvertibleNotesPayableCurrent`	$170.27K	USD	Point-in-time
Common Stock, Shares issued	`CommonStockSharesIssued`	28.79M	shares	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$225.20K	USD	Point-in-time
Common Stock, Shares outstanding	`CommonStockSharesOutstanding`	55.41M	shares	Point-in-time
Common Stock, Shares outstanding	`CommonStockSharesOutstanding`	28.79M	shares	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$1.63M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$402.09K	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`	$402.09K	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 55,412,151 and 28,789,451 shares issued and outstanding, respectively	`CommonStockValue`	$28.79K	USD	Point-in-time
Common stock: 900,000,000 authorized; $0.001 par value 55,412,151 and 28,789,451 shares issued and outstanding, respectively	`CommonStockValue`	$55.41K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$3.06M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.90M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.43M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.55M	USD	Point-in-time
Total Stockholders' Equity/(Deficit)	`StockholdersEquity`	$1.58M	USD	Point-in-time
Total Stockholders' Equity/(Deficit)	`StockholdersEquity`	$-269.65K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$132.44K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$241.58K	USD	Point-in-time

Income Statement 69 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$10.80K	USD	1 Quarter
Revenues	`Revenues`	$1.65K	USD	1 Quarter
Revenues	`Revenues`	$21.07K	USD	2 Qtrs
Revenues	`Revenues`	$1.65K	USD	2 Qtrs
Contractor costs	`DirectOperatingCosts`	$1.45K	USD	2 Qtrs
Contractor costs	`DirectOperatingCosts`	$12.45K	USD	2 Qtrs
Contractor costs	`DirectOperatingCosts`	$5.28K	USD	1 Quarter
Contractor costs	`DirectOperatingCosts`	$1.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$12.15K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$8.63K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$4.55K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$25.85K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$18.70K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$29.95K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$23.30K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$54.55K	USD	2 Qtrs
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	$495.24K	USD	Annual
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	$136.00K	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	2 Qtrs
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	$335.67K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$162.08K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$47.35K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$84.80K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$23.05K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$66.90K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$245.05K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$534.65K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$140.20K	USD	2 Qtrs
Net loss from operations	`OperatingIncomeLoss`	$-138.55K	USD	2 Qtrs
Net loss from operations	`OperatingIncomeLoss`	$-513.58K	USD	2 Qtrs
Net loss from operations	`OperatingIncomeLoss`	$-234.25K	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-65.25K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$9.40K	USD	2 Qtrs
Interest expense	`InterestExpense`	$4.30K	USD	1 Quarter
Gain on asset disposition	`GainLossOnDispositionOfAssets`	$5.00K	USD	2 Qtrs
Gain on asset disposition	`GainLossOnDispositionOfAssets`	-	USD	2 Qtrs
Gain on asset disposition	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Gain on asset disposition	`GainLossOnDispositionOfAssets`	$5.00K	USD	1 Quarter
Interest expense related to derivative liability	`InterestExpenseRelatedParty`	-	USD	2 Qtrs
Interest expense related to derivative liability	`InterestExpenseRelatedParty`	$17.43K	USD	1 Quarter
Interest expense related to derivative liability	`InterestExpenseRelatedParty`	-	USD	1 Quarter
Interest expense related to derivative liability	`InterestExpenseRelatedParty`	$58.34K	USD	2 Qtrs
Change in derivative	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Change in derivative	`GainsLossesOnExtinguishmentOfDebt`	$-33.97K	USD	1 Quarter
Change in derivative	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Change in derivative	`GainsLossesOnExtinguishmentOfDebt`	$1.32M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-234.25K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$1.12M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-115.95K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-513.58K	USD	2 Qtrs
Basic income (loss) per share	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic income (loss) per share	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic income (loss) per share	`EarningsPerShareBasic`	$0.03	USD	2 Qtrs
Basic income (loss) per share	`EarningsPerShareBasic`	$-0.02	USD	2 Qtrs
Diluted income (loss) per share	`EarningsPerShareDiluted`	$0.01	USD	2 Qtrs
Diluted income (loss) per share	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Diluted income (loss) per share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted income (loss) per share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	28.64M	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	43.24M	shares	2 Qtrs
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	28.61M	shares	2 Qtrs
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	53.77M	shares	1 Quarter
Diluted weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	-	shares	1 Quarter
Diluted weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.77M	shares	1 Quarter
Diluted weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	101.34M	shares	2 Qtrs
Diluted weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	-	shares	2 Qtrs

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-234.25K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$1.12M	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-115.95K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-513.58K	USD	2 Qtrs
Gain on asset disposition	`GainLossOnDispositionOfAssets`	$5.00K	USD	2 Qtrs
Gain on asset disposition	`GainLossOnDispositionOfAssets`	-	USD	2 Qtrs
Gain on asset disposition	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Gain on asset disposition	`GainLossOnDispositionOfAssets`	$5.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$162.08K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$47.35K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$84.80K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$23.05K	USD	1 Quarter
Change in fair market value of derivatives	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Change in fair market value of derivatives	`GainsLossesOnExtinguishmentOfDebt`	$-33.97K	USD	1 Quarter
Change in fair market value of derivatives	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Change in fair market value of derivatives	`GainsLossesOnExtinguishmentOfDebt`	$1.32M	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$58.34K	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
Stock issued for services provided	`ShareBasedCompensation`	-	USD	2 Qtrs
Stock issued for services provided	`ShareBasedCompensation`	$11.50K	USD	2 Qtrs
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	$495.24K	USD	Annual
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	$136.00K	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	2 Qtrs
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	$335.67K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.96K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.90K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedLiabilities`	$9.40K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedLiabilities`	-	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-76.80K	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.87K	USD	2 Qtrs
Sale of fixed asset	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Sale of fixed asset	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.00K	USD	2 Qtrs
Net Cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net Cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$5.00K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$12.50K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.00K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$10.00K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$12.50K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-61.80K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$635.00	USD	2 Qtrs
Cash and cash equivalents Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.13K	USD	Point-in-time
Cash and cash equivalents Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.71K	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`	$68.93K	USD	Point-in-time
Cash and cash equivalents End of period	`CashAndCashEquivalentsAtCarryingValue`	$7.13K	USD	Point-in-time
Cash and cash equivalents End of period	`CashAndCashEquivalentsAtCarryingValue`	$2.71K	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`	$68.93K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Debt/accrued interest converted into common stock	`DebtaccruedInterestConvertedIntoCommonStock`	$58.44K	USD	2 Qtrs
Debt/accrued interest converted into common stock	`DebtaccruedInterestConvertedIntoCommonStock`	-	USD	2 Qtrs
Original discount recorded on the recognition of notes with derivative liability	`OriginalDiscountRecordedOnRecognitionOfNotesWithDerivativeLiability`	-	USD	2 Qtrs
Original discount recorded on the recognition of notes with derivative liability	`OriginalDiscountRecordedOnRecognitionOfNotesWithDerivativeLiability`	$30.00K	USD	2 Qtrs
Extinguishment of the derivative liability related to debt conversions	`ExtinguishmentOfDerivativeLiabilityRelatedToDebtConversions`	-	USD	2 Qtrs
Extinguishment of the derivative liability related to debt conversions	`ExtinguishmentOfDerivativeLiabilityRelatedToDebtConversions`	$11.96K	USD	2 Qtrs

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