MeeMee Media Inc.

CIK:0001411009|SEC Filings

STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
STATEMENTS OF OPERATIONS - USD ($)	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Income
ECA conference income	$ 192,192	$ 344,293	$ 193,567	$ 344,293
Conference costs	144,427	145,741	149,178	145,741
Net revenues	47,765	198,552	44,389	198,552
Operating expenses
Advertising, marketing and promotion	33,994	8,597	43,494	56,437
General and administrative	21,236	48,602	109,568	111,124
Commissions	5,540	44,969	5,540	103,108
Consulting fees and outside services	149,424	62,404	272,342	197,084
Shareholder relations	33,994	500	614	18,718
Total operating expenses	210,194	165,072	431,558	486,471
Operating income (loss)	(162,429)	33,480	(387,169)	(287,919)
Other income (expenses)
Foreign currency translation gain (loss)	(68)	1,869	902	1,818
Bad debt				91,039
Interest and miscellaneous income		(47,250)		(134,884)
Interest expense and financing costs	135,439	70,000	353,878	70,000
Total other income (expenses)	(135,507)	(115,381)	(352,976)	(294,105)
Net loss	$ (297,936)	$ (81,901)	$ (740,145)	$ (582,022)
Net loss per common share, basic	$ (0.01)	$ 0.00	$ (0.02)	$ (0.01)
Weighted average number of shares outstanding, basic and diluted	43,075,000	40,075,000	43,075,000	39,126,282

STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
STATEMENTS OF CASH FLOWS - USD ($)	Apr. 30, 2017	Apr. 30, 2016
Cash flows from operating activities:
Net loss	$ (740,145)	$ (582,022)
Adjustments to reconcile net loss to net cash provided by operating activities:
Interest expense	353,877
Bad debt		91,039
Warrants and stock issued for debt		203,265
Modification of warrants issued for debtq		1,589
Changes in operating assets and liabilities:
Increase (decrease) in accounts payable	4,500	58,277
Increase (decrease) in deferred revenues	3,529
(Increase) decrease in prepaid expenses	(3,333)	(4,375)
Net cash provided by (used in) operating activities	(381,572)	(232,227)
Cash flows from investing activities:
Advances to All Screen Media	236,500	275,000
Net cash used by investing activities	(236,500)	(275,000)
Cash flows from financing activities:
Cash overdraft	2,324
Increase in note payable		200,000
Increase in due to related parties	61,415	61,528
Increase of common stock		340,000
Increase (decrease) in note payable	550,000
Net cash provided by financing activities	613,739	601,528
Net increase (decrease) in cash	(4,333)	94,300
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	4,333	3,238
CASH AND CASH EQUIVALENTS, END OF PERIOD		97,538
Supplemental information:
Interest paid
Income taxes paid

BALANCE SHEETS - USD ($)	Apr. 30, 2017	Jul. 31, 2016
Current assets
Cash		$ 4,333
Prepaid expenses	$ 5,833	2,500
Total current assets	5,833	6,833
Other assets
Advances to All Screen Media	911,500	675,000
ECA License & Intellectual Properties	189,913	189,913
Total other assets	1,101,413	864,913
TOTAL ASSETS	1,107,246	871,746
Current liabilities
Accounts payable	266,555	262,055
Cash overdraft	2,324
Deferred revenues	3,529
Due to related parties	720,206	658,791
Total current liabilities	992,614	920,846
Long-term liabilities
Convertible promissory notes and loans payable, net	2,122,033	1,747,757
Total long-term liabilities	2,122,033	1,747,757
Total liabilities	3,114,647	2,668,603
Stockholders equity
Common stock value	43,075	43,075
Additional paid-in capital	3,238,848	2,709,247
Deficit accumulated	(5,289,324)	(4,549,179)
Total stockholders' equity	(2,007,401)	(1,796,857)
Total liabilities and stockholders' equity	$ 1,107,246	$ 871,746