10-Q Filing

BNET MEDIA GROUP, INC. CIK: 1501268 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001551163-14-000256`
Period End Date	20140630
Filing Date	20140819
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	bnet-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 24 Income Statement 36 Cash Flow Statement 35

Balance Sheet 24 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$622.00	USD	Point-in-time
Cash	`Cash`	$529.00	USD	Point-in-time
Other Assets	`OtherAssets`	$18.87K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$529.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$19.49K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$67.84K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$48.67K	USD	Point-in-time
Accounts payable - related parties	`AccountsPayableRelatedPartiesCurrentAndNoncurrent`	$40.13K	USD	Point-in-time
Accounts payable - related parties	`AccountsPayableRelatedPartiesCurrentAndNoncurrent`	$39.13K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$107.97K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$87.80K	USD	Point-in-time
Preferred stock series A: $0.001 par value, 100,000,000 shares authorized, 7,787,000 and -0- shares issued and outstanding, respectively	`PreferredStockValue`	$7.79K	USD	Point-in-time
Preferred stock series A: $0.001 par value, 100,000,000 shares authorized, 7,787,000 and -0- shares issued and outstanding, respectively	`PreferredStockValue`	$7.79K	USD	Point-in-time
Preferred stock series B: $0.001 par value, 20,000,000 shares authorized, 8,021,796 and -0- shares issued and outstanding respectively	`PreferredStockNoParValue`	$8.02K	USD	Point-in-time
Common stock: $0.001 par value, 800,000,000 shares authorized, 16,208,000 and 16,208,000 shares issued and outstanding respectively	`CommonStockValue`	$16.21K	USD	Point-in-time
Common stock: $0.001 par value, 800,000,000 shares authorized, 16,208,000 and 16,208,000 shares issued and outstanding respectively	`CommonStockValue`	$16.21K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$118.59K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$107.79K	USD	Point-in-time
Deficit accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$-219.06K	USD	Point-in-time
Deficit accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$-239.14K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-88.48K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-87.27K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS'EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$529.00	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS'EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$19.49K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Impairment of intangible assets	`GoodwillAndIntangibleAssetImpairment`	$25.00K	USD	22 Qtrs
Professional fees	`ProfessionalFees`	$19.17K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$13.07K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$199.83K	USD	22 Qtrs
Professional fees	`ProfessionalFees`	$35.38K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$19.92K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.39K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$42.00	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$157.00	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$19.97K	USD	22 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.69K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$20.08K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$13.12K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$38.77K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$21.86K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$244.80K	USD	22 Qtrs
LOSS FROM OPERATIONS	`IncomeLossFromContinuingOperations`	$-244.80K	USD	22 Qtrs
LOSS FROM OPERATIONS	`IncomeLossFromContinuingOperations`	$-38.77K	USD	2 Qtrs
LOSS FROM OPERATIONS	`IncomeLossFromContinuingOperations`	$-21.86K	USD	1 Quarter
LOSS FROM OPERATIONS	`IncomeLossFromContinuingOperations`	$-13.12K	USD	1 Quarter
LOSS FROM OPERATIONS	`IncomeLossFromContinuingOperations`	$-20.08K	USD	2 Qtrs
PROFIT LOSS	`ProfitLoss`	$-244.80K	USD	22 Qtrs
PROFIT LOSS	`ProfitLoss`	$-38.77K	USD	2 Qtrs
PROFIT LOSS	`ProfitLoss`	$-13.12K	USD	1 Quarter
PROFIT LOSS	`ProfitLoss`	$-21.86K	USD	1 Quarter
PROFIT LOSS	`ProfitLoss`	$-20.08K	USD	2 Qtrs
BASIC AND DILUTED LOSS PER COMMON SHARE AND PREFERRED SHARES	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	0.00	shares	1 Quarter
BASIC AND DILUTED LOSS PER COMMON SHARE AND PREFERRED SHARES	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	0.00	shares	2 Qtrs
BASIC AND DILUTED LOSS PER COMMON SHARE AND PREFERRED SHARES	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	-	shares	22 Qtrs
BASIC AND DILUTED LOSS PER COMMON SHARE AND PREFERRED SHARES	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	0.00	shares	2 Qtrs
BASIC AND DILUTED LOSS PER COMMON SHARE AND PREFERRED SHARES	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	0.00	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES AND CONVERTIBLE OUTSTANDING	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	140.80M	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES AND CONVERTIBLE OUTSTANDING	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	-	shares	22 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES AND CONVERTIBLE OUTSTANDING	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.21M	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES AND CONVERTIBLE OUTSTANDING	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	24.23M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES AND CONVERTIBLE OUTSTANDING	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	140.80M	shares	1 Quarter

Cash Flow Statement 35 line items

Line Item	Tag	Value	Unit	Period
Net loss	`OtherComprehensiveIncomeLossNetOfTax`	$-239.14K	USD	22 Qtrs
Net loss	`OtherComprehensiveIncomeLossNetOfTax`	$-38.77K	USD	2 Qtrs
Net loss	`OtherComprehensiveIncomeLossNetOfTax`	$-20.08K	USD	2 Qtrs
Common stock issued for services	`CommonStockSharesIssued`	3,000.00	shares	Point-in-time
Impairment of intangible assets	`GoodwillAndIntangibleAssetImpairment`	$25.00K	USD	22 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$67.84K	USD	22 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$19.17K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-55.00	USD	2 Qtrs
Accounts payable - related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$40.13K	USD	22 Qtrs
Accounts payable - related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$13.57K	USD	2 Qtrs
Accounts payable - related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$1.00K	USD	2 Qtrs
Net Cash Provide by (Used) in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-119.82K	USD	22 Qtrs
Net Cash Provide by (Used) in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.20K	USD	2 Qtrs
Net Cash Provide by (Used) in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$93.00	USD	2 Qtrs
Net Cash (Used) in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.87K	USD	2 Qtrs
Net Cash (Used) in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.87K	USD	22 Qtrs
Preferred stock issued for cash	`StockIssuedDuringPeriodSharesIssuedForCash`	7,787.00	shares	22 Qtrs
Preferred stock issued for assets	`PreferredStockSharesIssued`	18,866.00	shares	Point-in-time
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$96.00K	USD	22 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$18.87K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$111.81K	USD	22 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-6.20K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$79.00	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-23.82K	USD	22 Qtrs
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$12.48K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$529.00	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$18.67K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$-23.82K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$12.48K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$529.00	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$18.67K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$-23.82K	USD	Point-in-time
Common stock issued for subsidiary	`OtherSignificantNoncashTransactionValueOfConsiderationGiven`	$25.00K	USD	Point-in-time
Cancellation of common shares	`WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation`	124,592.00	shares	22 Qtrs
Cancellation of common shares	`WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation`	124,592.00	shares	2 Qtrs

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