10-Q Filing

BNET MEDIA GROUP, INC. CIK: 1501268 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001551163-15-000254`
Period End Date	20150930
Filing Date	20151116
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	bnet-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 30 Income Statement 30 Cash Flow Statement 28

Balance Sheet 30 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$1.41K	USD	Point-in-time
Cash	`Cash`	$596.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.41K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$596.00	USD	Point-in-time
Other Assets	`OtherAssets`	$18.87K	USD	Point-in-time
Other Assets	`OtherAssets`	$18.87K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$20.28K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$19.46K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$73.55K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$85.65K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$3.00K	USD	Point-in-time
Accounts payable - related parties	`AccountsPayableRelatedPartiesCurrentAndNoncurrent`	$48.27K	USD	Point-in-time
Accounts payable - related parties	`AccountsPayableRelatedPartiesCurrentAndNoncurrent`	$14.38K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$103.03K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$121.82K	USD	Point-in-time
Preferred stock Series A: $0.001 par value, 100,000,000 shares authorized, 20,000,000 and 7,787,000 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, 20,000,000 and 7,787,000 shares issued and outstanding, respectively	`PreferredStockValue`	$20.00K	USD	Point-in-time
Preferred stock Series B: $0.001 par value, 20,000,000 shares authorized, 8,021,796 and 8,021,796 shares issued and outstanding respectively	`PreferredStockValueOutstanding`	$8.02K	USD	Point-in-time
Preferred stock Series B: $0.001 par value, 20,000,000 shares authorized, 8,021,796 and 8,021,796 shares issued and outstanding respectively	`PreferredStockValueOutstanding`	$8.02K	USD	Point-in-time
Preferred stock Series D: $0.001 par value, 20,000,000 shares authorized, 20,000,000 and -0- shares issued and outstanding respectively	`PreferredStockLiquidationPreferenceValue`	$20.00K	USD	Point-in-time
Common stock: $0.001 par value, 800,000,000 shares authorized, 35,015,000 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, 35,015,000 and 16,208,000 shares issued and outstanding, respectively	`CommonStockValue`	$35.02K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$118.64K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$287.90K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-453.69K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-253.01K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-82.75K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-102.36K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$19.46K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$20.28K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Professional fees	`ProfessionalFees`	$27.90K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$12.23K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$33.64K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$7.98K	USD	1 Quarter
Executive compensation	`OfficersCompensation`	$122.28K	USD	1 Quarter
Executive compensation	`OfficersCompensation`	$122.28K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$44.75K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$41.69K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$42.00	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$200.00	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$28.10K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$176.20K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$200.68K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$8.02K	USD	1 Quarter
LOSS FROM OPERATIONS	`IncomeLossFromContinuingOperations`	$-176.20K	USD	1 Quarter
LOSS FROM OPERATIONS	`IncomeLossFromContinuingOperations`	$-8.02K	USD	1 Quarter
LOSS FROM OPERATIONS	`IncomeLossFromContinuingOperations`	$-28.10K	USD	3 Qtrs
LOSS FROM OPERATIONS	`IncomeLossFromContinuingOperations`	$-200.68K	USD	3 Qtrs
NET INCOME LOSS	`NetIncomeLoss`	$-28.10K	USD	3 Qtrs
NET INCOME LOSS	`NetIncomeLoss`	$-176.20K	USD	1 Quarter
NET INCOME LOSS	`NetIncomeLoss`	$-8.02K	USD	1 Quarter
NET INCOME LOSS	`NetIncomeLoss`	$-200.68K	USD	3 Qtrs
BASIC AND DILUTED LOSS PER COMMON SHARE	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.01	USD	3 Qtrs
BASIC AND DILUTED LOSS PER COMMON SHARE	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	3 Qtrs
BASIC AND DILUTED LOSS PER COMMON SHARE	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	1 Quarter
BASIC AND DILUTED LOSS PER COMMON SHARE	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.01	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	`WeightedAverageNumberOfSharesIssuedBasic`	16.21M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	`WeightedAverageNumberOfSharesIssuedBasic`	16.21M	shares	3 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	`WeightedAverageNumberOfSharesIssuedBasic`	32.06M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	`WeightedAverageNumberOfSharesIssuedBasic`	23.12M	shares	3 Qtrs

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-28.10K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-200.68K	USD	3 Qtrs
Common stock issued for services	`CommonStockSharesIssued`	122,283.00	shares	Point-in-time
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$3.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$19.57K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$12.10K	USD	3 Qtrs
Accounts payable - related parties	`IncreaseDecreaseInDueToRelatedParties`	$4.58K	USD	3 Qtrs
Accounts payable - related parties	`IncreaseDecreaseInDueToRelatedParties`	$64.11K	USD	3 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$816.00	USD	3 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.95K	USD	3 Qtrs
Related-party advances	`AdvancesToAffiliate`	$4.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$118.64K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$287.90K	USD	Point-in-time
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$4.00K	USD	3 Qtrs
NET INCREASE IN CASH	`CashPeriodIncreaseDecrease`	$816.00	USD	3 Qtrs
NET INCREASE IN CASH	`CashPeriodIncreaseDecrease`	$51.00	USD	3 Qtrs
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$529.00	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.41K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$580.00	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$596.00	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$529.00	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.41K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$580.00	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$596.00	USD	Point-in-time
Preferred stock to acquire assets	`FairValueOfAssetsAcquired`	$18.87K	USD	3 Qtrs
Series A Preferred stock issued for debt	`NoncashOrPartNoncashAcquisitionDebtAssumed1`	$12.21K	USD	3 Qtrs
Series D Preferred stock issued for debt	`OtherNoncashExpense`	$20.00K	USD	3 Qtrs
Common stock issued for debt	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$65.79K	USD	3 Qtrs

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