10-Q Filing

ETHOS MEDIA NETWORK, INC. CIK: 1585738 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001477932-18-003529`
Period End Date	20180531
Filing Date	20180716
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	eomn-20180531.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 73 Cash Flow Statement 67

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, net of accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$497.43K	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$504.81K	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`	$17.33K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$99.71K	USD	Point-in-time
Note receivable	`NotesReceivableNet`	$24.50K	USD	Point-in-time
Note receivable	`NotesReceivableNet`	$24.50K	USD	Point-in-time
Convertible note payable, net of discount	`DebtInstrumentUnamortizedDiscountCurrent`	-	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`	$41.83K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $497,434 and $504,812, respectively	`PropertyPlantAndEquipmentNet`	$80.27K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $497,434 and $504,812, respectively	`PropertyPlantAndEquipmentNet`	$148.15K	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
TOTAL ASSETS	`Assets`	$122.10K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$241.58K	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
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`	$12.35K	USD	Point-in-time
Common Stock, Par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.19K	USD	Point-in-time
Accrued interest	`AccruedLiabilitiesCurrent`	$9.35K	USD	Point-in-time
Common Stock, Shares authorized	`CommonStockSharesAuthorized`	900.00M	shares	Point-in-time
Common Stock, Shares authorized	`CommonStockSharesAuthorized`	900.00M	shares	Point-in-time
Accrued interest	`AccruedLiabilitiesCurrent`	-	USD	Point-in-time
Common Stock, Shares issued	`CommonStockSharesIssued`	28.79M	shares	Point-in-time
Convertible note payable, net of discount of $0 and $24,731, respectively	`ConvertibleNotesPayableCurrent`	$170.27K	USD	Point-in-time
Convertible note payable, net of discount of $0 and $24,731, respectively	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Common Stock, Shares issued	`CommonStockSharesIssued`	146.99M	shares	Point-in-time
Common Stock, Shares outstanding	`CommonStockSharesOutstanding`	28.79M	shares	Point-in-time
Common Stock, Shares outstanding	`CommonStockSharesOutstanding`	146.99M	shares	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$1.63M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.82M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$12.35K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$12.35K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.82M	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 146,993,149 and 28,789,451 shares issued and outstanding, respectively	`CommonStockValue`	$146.99K	USD	Point-in-time
Common stock: 900,000,000 authorized; $0.001 par value 146,993,149 and 28,789,451 shares issued and outstanding, respectively	`CommonStockValue`	$28.79K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.90M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$3.99M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.08M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.55M	USD	Point-in-time
Total Stockholders' Equity/(Deficit)	`StockholdersEquity`	$109.74K	USD	Point-in-time
Total Stockholders' Equity/(Deficit)	`StockholdersEquity`	$1.58M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$122.10K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$241.58K	USD	Point-in-time

Income Statement 73 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$3.15K	USD	3 Qtrs
Revenues	`Revenues`	$1.50K	USD	1 Quarter
Revenues	`Revenues`	$11.30K	USD	1 Quarter
Revenues	`Revenues`	$32.38K	USD	3 Qtrs
Contractor costs	`DirectOperatingCosts`	$13.47K	USD	3 Qtrs
Contractor costs	`DirectOperatingCosts`	$325.00	USD	1 Quarter
Contractor costs	`DirectOperatingCosts`	$1.77K	USD	3 Qtrs
Contractor costs	`DirectOperatingCosts`	$1.02K	USD	1 Quarter
Stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	3 Qtrs
Stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$801.50K	USD	1 Quarter
Stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	1 Quarter
Stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$801.50K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$49.97K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$11.70K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$37.55K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$62.11K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$22.44K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$80.89K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$45.74K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$26.34K	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	1 Quarter
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`	$335.67K	USD	3 Qtrs
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$243.12K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$67.88K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$20.54K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$81.04K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$688.42K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$861.10K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.00M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$153.77K	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-656.04K	USD	3 Qtrs
Net loss from operations	`OperatingIncomeLoss`	$-142.47K	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-998.15K	USD	3 Qtrs
Net loss from operations	`OperatingIncomeLoss`	$-859.60K	USD	1 Quarter
Interest expense	`InterestExpense`	$11.22K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.88K	USD	3 Qtrs
Interest expense	`InterestExpense`	$3.88K	USD	1 Quarter
Interest expense	`InterestExpense`	$20.62K	USD	3 Qtrs
Gain on asset disposition	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Gain on asset disposition	`GainLossOnDispositionOfAssets`	-	USD	3 Qtrs
Gain on asset disposition	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Gain on asset disposition	`GainLossOnDispositionOfAssets`	$5.00K	USD	3 Qtrs
Interest expense related to derivative liability	`InterestExpenseRelatedParty`	$70.83K	USD	1 Quarter
Interest expense related to derivative liability	`InterestExpenseRelatedParty`	-	USD	1 Quarter
Interest expense related to derivative liability	`InterestExpenseRelatedParty`	$70.83K	USD	3 Qtrs
Interest expense related to derivative liability	`InterestExpenseRelatedParty`	$58.34K	USD	3 Qtrs
Change in derivative	`GainsLossesOnExtinguishmentOfDebt`	$225.20K	USD	1 Quarter
Change in derivative	`GainsLossesOnExtinguishmentOfDebt`	$-149.76K	USD	1 Quarter
Change in derivative	`GainsLossesOnExtinguishmentOfDebt`	$-149.76K	USD	3 Qtrs
Change in derivative	`GainsLossesOnExtinguishmentOfDebt`	$1.55M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-645.63K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-366.94K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$473.64K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-880.51K	USD	3 Qtrs
Basic income (loss) per share	`EarningsPerShareBasic`	$0.01	USD	3 Qtrs
Basic income (loss) per share	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic income (loss) per share	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic income (loss) per share	`EarningsPerShareBasic`	$-0.03	USD	3 Qtrs
Diluted income (loss) per share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted income (loss) per share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted income (loss) per share	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Diluted income (loss) per share	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	66.04M	shares	3 Qtrs
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	28.67M	shares	3 Qtrs
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	110.91M	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	28.79M	shares	1 Quarter
Diluted weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	-	shares	1 Quarter
Diluted weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	566.04M	shares	3 Qtrs
Diluted weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	-	shares	3 Qtrs
Diluted weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	-	shares	1 Quarter

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-645.63K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-366.94K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$473.64K	USD	3 Qtrs
Net (loss)	`NetIncomeLoss`	$-880.51K	USD	3 Qtrs
Gain on asset disposition	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Gain on asset disposition	`GainLossOnDispositionOfAssets`	-	USD	3 Qtrs
Gain on asset disposition	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Gain on asset disposition	`GainLossOnDispositionOfAssets`	$5.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$243.12K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$67.88K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$20.54K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$81.04K	USD	1 Quarter
Beneficial conversion of derivative convertible debt	`DebtInstrumentConvertibleBeneficialConversionFeature`	-	USD	3 Qtrs
Beneficial conversion of derivative convertible debt	`DebtInstrumentConvertibleBeneficialConversionFeature`	$220.59K	USD	3 Qtrs
Change in fair market value of derivatives	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-1.55M	USD	3 Qtrs
Change in fair market value of derivatives	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	-	USD	3 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$58.34K	USD	3 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	3 Qtrs
Stock issued for services provided	`ShareBasedCompensation`	$813.50K	USD	3 Qtrs
Stock issued for services provided	`ShareBasedCompensation`	-	USD	3 Qtrs
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	1 Quarter
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`	$335.67K	USD	3 Qtrs
Impairment of long-lived assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.17K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.31K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedLiabilities`	$10.31K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedLiabilities`	$3.88K	USD	3 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-121.92K	USD	3 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-79.56K	USD	3 Qtrs
Sale of fixed asset	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.00K	USD	3 Qtrs
Sale of fixed asset	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	3 Qtrs
Intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	3 Qtrs
Intangible assets	`PaymentsToAcquireIntangibleAssets`	$30.30K	USD	3 Qtrs
Net Cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$5.00K	USD	3 Qtrs
Net Cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-30.30K	USD	3 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$195.00K	USD	3 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	-	USD	3 Qtrs
Repayment of convertible notes	`RepaymentsOfConvertibleDebt`	$162.35K	USD	3 Qtrs
Repayment of convertible notes	`RepaymentsOfConvertibleDebt`	-	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$227.66K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$12.50K	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$207.50K	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$65.31K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-51.60K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$97.64K	USD	3 Qtrs
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`	$17.33K	USD	Point-in-time
Cash and cash equivalents Beginning 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`	$68.93K	USD	Point-in-time
Cash and cash equivalents End of period	`CashAndCashEquivalentsAtCarryingValue`	$17.33K	USD	Point-in-time
Cash and cash equivalents End of period	`CashAndCashEquivalentsAtCarryingValue`	$99.71K	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
Debt/accrued interest converted into common stock	`DebtaccruedInterestConvertedIntoCommonStock`	$101.97K	USD	3 Qtrs
Debt/accrued interest converted into common stock	`DebtaccruedInterestConvertedIntoCommonStock`	-	USD	3 Qtrs
Original discount recorded on the recognition of notes with derivative liability	`OriginalDiscountRecordedOnRecognitionOfNotesWithDerivativeLiability`	$30.00K	USD	3 Qtrs
Original discount recorded on the recognition of notes with derivative liability	`OriginalDiscountRecordedOnRecognitionOfNotesWithDerivativeLiability`	-	USD	3 Qtrs
Extinguishment of the derivative liability related to debt conversions	`ExtinguishmentOfDerivativeLiabilityRelatedToDebtConversions`	-	USD	3 Qtrs
Extinguishment of the derivative liability related to debt conversions	`ExtinguishmentOfDerivativeLiabilityRelatedToDebtConversions`	$64.30K	USD	3 Qtrs
Derivative convertible liability recorded	`DerivativeConvertibleLiabilityRecorded`	-	USD	3 Qtrs
Derivative convertible liability recorded	`DerivativeConvertibleLiabilityRecorded`	$605.84K	USD	3 Qtrs

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