IN Media Corp

CIK:0001399488|SEC Filings

Statements of Operations - USD ($)	12 Months Ended
Statements of Operations - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Details
REVENUE	$ 0	$ 0
EXPENSES
General & administrative	1,551	0
Consulting fees	27,949	99,836
Professional fees	9,000	0
Impairment of film distribution system	0	39,900
Interest and debt interest expense	0	39,408
Revaluation of derivative liability	0	40,730
NET LOSS BEFORE INCOME TAXES	(38,500)	(219,874)
PROVISION FOR INCOME TAX EXPENSE	0	0
NET LOSS	$ (38,500)	$ (219,874)
Basic (loss) per share *	$ (0.00)	$ (0.00)
Weighted average number of basic common shares outstanding	68,955,355	67,410,816

Statements of Cash Flows - USD ($)	12 Months Ended
Statements of Cash Flows - USD ($)	Dec. 31, 2015	Dec. 31, 2014
CASH FLOW FROM OPERATING ACTIVITIES
Net profit ( loss)	$ (38,499)	$ (219,874)
Adjustments to reconcile net income to net cash used in operating activities
Write off movie distribution systems	100	0
Stock issued to noteholders for interest	0	2,600
Discount on convertible notes, net of amortization	0	(58,778)
Extinguishment of derivative liability on convertible notes, net	0	(16,972)
Issuance of stock in settlement of liabilities	5,103	(18,331)
Forgiveness of debt to related parties	0	1,086,822
Purchase of assets for stock, net of impairment charges	0	39,900
Increase (decrease) in operating liabilities
Accounts payable and accrued liabilities	29,796	(691,786)
Total cash provided by (used in) operating activities	(3,500)	123,581
CASH FLOW FROM INVESTING ACTIVITIES
Total cash provided by (used in) investing activities	0	0
CASH FLOW FROM FINANCING ACTIVITIES
Net proceeds from sale of convertible notes	0	78,625
Advances from related party, net	0	(202,751)
Total cash provided by (used in) financing activities	0	(124,126)
Net increase (decrease) in cash	(3,500)	(545)
Cash and Cash Equivalents, at Carrying Value, Beginning Balance	0	545
Cash and Cash Equivalents, at Carrying Value, Ending Balance	(3,500)	0
Supplemental Cash Flow Information:
Stock Issued During Period, Value, Issued for Services	5,103	0
Supplemental Non-Cash Disclosure:
Interest Paid	0	0
Taxes Paid	$ 800	$ 800

Audited Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
CURRENT ASSETS
Cash	$ 0	$ 0
Total current assets	0	0
Movie distribution systems	0	100
Total Assets	0	100
CURRENT LIABILITIES
Accounts payable accrued liabilities	50,131	20,335
Related party advances	3,500
Total Current Liabilities	53,631	20,335
Commitments & Contingencies	0	0
Stockholders' Equity
Common Stock, Value, Issued	73,993	68,890
Additional paid-in capital	3,784,796	3,784,796
Deficit accumulated	(3,912,420)	(3,873,921)
Total Stockholders' Equity	(53,631)	(20,235)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 0	$ 100