10-K Filing

BNET MEDIA GROUP, INC. CIK: 1501268 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001551163-17-000075`
Period End Date	20161231
Filing Date	20170417
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	bnet-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 28 Income Statement 18 Cash Flow Statement 21 Stockholders Equity 26

Balance Sheet 28 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$15.55K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$15.55K	USD	Point-in-time
Other Assets	`OtherAssets`	$18.87K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$34.42K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$75.50K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$69.54K	USD	Point-in-time
Accounts payable-related parties	`AccountsPayableRelatedPartiesCurrentAndNoncurrent`	$123.59K	USD	Point-in-time
Accounts payable-related parties	`AccountsPayableRelatedPartiesCurrentAndNoncurrent`	$60.58K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$130.12K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$199.09K	USD	Point-in-time
Total Liabilities	`Liabilities`	$130.12K	USD	Point-in-time
Total Liabilities	`Liabilities`	$199.09K	USD	Point-in-time
Preferred stock series A: $0.001 par value, 20,000,000 shares authorized, 20,000,000 shares issued and outstanding	`PreferredUnitsIssued`	20,000.00	shares	Point-in-time
Preferred stock series A: $0.001 par value, 20,000,000 shares authorized, 20,000,000 shares issued and outstanding	`PreferredUnitsIssued`	20,000.00	shares	Point-in-time
Preferred stock series B: $0.001 par value, 20,000,000 shares authorized, 8,021,796 shares issued and outstanding	`PreferredStockValue`	$8.02K	USD	Point-in-time
Preferred stock series B: $0.001 par value, 20,000,000 shares authorized, 8,021,796 shares issued and outstanding	`PreferredStockValue`	$8.02K	USD	Point-in-time
Preferred stock series D: $0.001 par value, 20,000,000 shares authorized, 20,000,000 shares issued and outstanding	`PreferredStockSharesIssued`	20,000.00	shares	Point-in-time
Preferred stock series D: $0.001 par value, 20,000,000 shares authorized, 20,000,000 shares issued and outstanding	`PreferredStockSharesIssued`	20,000.00	shares	Point-in-time
Common stock: $0.001 par value, 800,000,000 shares authorized, 35,015,000 shares issued and outstanding	`CommonStockValue`	$35.02K	USD	Point-in-time
Common stock: $0.001 par value, 800,000,000 shares authorized, 35,015,000 shares issued and outstanding	`CommonStockValue`	$35.02K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$249.47K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$249.47K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-531.60K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-428.22K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-95.71K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-102.36K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-199.09K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$34.42K	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$3.00K	USD	Annual
Professional fees	`ProfessionalFees`	$46.25K	USD	Annual
Professional fees	`ProfessionalFees`	$65.97K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$19.59K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$131.96K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$178.21K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$85.56K	USD	Annual
LOSS FROM OPERATIONS	`IncomeLossFromContinuingOperations`	$-85.56K	USD	Annual
LOSS FROM OPERATIONS	`IncomeLossFromContinuingOperations`	$-175.21K	USD	Annual
Impairment expense	`ExplorationAbandonmentAndImpairmentExpense`	$-18.87K	USD	Annual
Other income	`OtherIncome`	$1.05K	USD	Annual
Total Other Expenses	`OtherExpenses`	$-17.82K	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$-103.38K	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$-175.21K	USD	Annual
BASIC AND DILUTED LOSS PER COMMON SHARE	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.01	USD	Annual
BASIC AND DILUTED LOSS PER COMMON SHARE	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	Annual
WEIGHTED AVERAGE NUMBER OF BASIC AND DILUTED COMMON SHARES OUTSTANDING	`WeightedAverageNumberOfSharesIssuedBasic`	26.23M	shares	Annual
WEIGHTED AVERAGE NUMBER OF BASIC AND DILUTED COMMON SHARES OUTSTANDING	`WeightedAverageNumberOfSharesIssuedBasic`	35.02M	shares	Annual

Cash Flow Statement 21 line items

Line Item	Tag	Value	Unit	Period
Profit (loss)	`ProfitLoss`	$-103.38K	USD	Annual
Profit (loss)	`ProfitLoss`	$-175.21K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodSharesPeriodIncreaseDecrease`	12,228.00	shares	Annual
Impairment of other assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$18.87K	USD	Annual
Preferred stock issued for services	`StockholdersEquityPeriodIncreaseDecrease`	$111.63K	USD	Annual
Accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$31.71K	USD	Annual
Accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$63.01K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.96K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.01K	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-23.65K	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-15.55K	USD	Annual
Proceeds from related party payable	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$38.60K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$38.60K	USD	Annual
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-15.55K	USD	Annual
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$14.95K	USD	Annual
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$596.00	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$15.55K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$596.00	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$15.55K	USD	Point-in-time
Common stock issued for settlement of related party payable	`NoncashOrPartNoncashAcquisitionDebtAssumed1`	$5.80K	USD	Annual
Preferred "Series A" stock issued for settlement of related party payable	`SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount`	$52.20K	USD	Annual

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
stock issued for liabilities, value	`StockIssuedDuringPeriodValueOther`	$52.20K	USD	Annual
stock issued for liabilities, shares	`StockIssuedDuringPeriodSharesOther`	5.80M	shares	Annual
stock issued for services, value	`StockIssuedDuringPeriodValueIssuedForServices`	$20.00K	USD	Annual
stock issued for services, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	20.00M	shares	Annual
stock issued for settlement of debt, value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$5.80K	USD	Annual
stock issued for settlement of debt, shares	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	5.22M	shares	Annual
NET LOSS	`OtherComprehensiveIncomeLossNetOfTax`	$-175.21K	USD	Annual
NET LOSS	`OtherComprehensiveIncomeLossNetOfTax`	$-103.38K	USD	Annual
Balance preferred shares, beginning balance	`PreferredStockSharesOutstanding`	40.24M	shares	Point-in-time
Balance preferred shares, beginning balance	`PreferredStockSharesOutstanding`	8.03M	shares	Point-in-time
Balance preferred shares, beginning balance	`PreferredStockSharesOutstanding`	40.24M	shares	Point-in-time
Balance common shares, beginning balance	`CommonStockSharesOutstanding`	16.21M	shares	Point-in-time
Balance common shares, beginning balance	`CommonStockSharesOutstanding`	35.02M	shares	Point-in-time
Balance common shares, beginning balance	`CommonStockSharesOutstanding`	35.02M	shares	Point-in-time
Stockholders' Equity, beginning balance	`StockholdersEquity`	$-95.71K	USD	Point-in-time
Stockholders' Equity, beginning balance	`StockholdersEquity`	$-102.36K	USD	Point-in-time
Stockholders' Equity, beginning balance	`StockholdersEquity`	$-199.09K	USD	Point-in-time
Balance preferred shares, ending balance	`PreferredStockSharesOutstanding`	40.24M	shares	Point-in-time
Balance preferred shares, ending balance	`PreferredStockSharesOutstanding`	8.03M	shares	Point-in-time
Balance preferred shares, ending balance	`PreferredStockSharesOutstanding`	40.24M	shares	Point-in-time
Balance common shares, ending balance	`CommonStockSharesOutstanding`	16.21M	shares	Point-in-time
Balance common shares, ending balance	`CommonStockSharesOutstanding`	35.02M	shares	Point-in-time
Balance common shares, ending balance	`CommonStockSharesOutstanding`	35.02M	shares	Point-in-time
Stockholders' Equity, ending balance	`StockholdersEquity`	$-95.71K	USD	Point-in-time
Stockholders' Equity, ending balance	`StockholdersEquity`	$-102.36K	USD	Point-in-time
Stockholders' Equity, ending balance	`StockholdersEquity`	$-199.09K	USD	Point-in-time

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