Nudg Media Inc.

CIK:0001526183|SEC Filings

Nudg Media Inc.- Consolidated Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues	$ 0	$ 0	$ 0	$ 0
Expenses
Amortization of intangible assets		20,117	23,178	34,768
General and administrative costs	15,176	12,267	57,029	119,401
Total expenses	15,176	32,384	80,207	154,169
Loss before other income (expense)	(15,176)	(32,384)	(80,207)	(154,169)
Other income (expense)
Gain on disposal of intangible assets			211,699
Interest income	244	151	616	485
Interest expense	(2,257)	(29,075)	(53,285)	(49,208)
Total other income (expense)	(2,013)	(28,924)	159,030	(48,723)
Net income (loss)	$ (17,189)	$ (61,308)	$ 78,823	$ (202,892)
Net income (loss) per share, basic and diluted (in Dollars per share)	$ 0.00	$ 0.00	$ 0.00	$ 0.00
Weighted average number of shares outstanding, basic and diluted (in Shares)	172,000,000	172,000,000	172,000,000	172,000,000

Nudg Media Inc. - Consolidated Statements of Cash Flows - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Operating Activities
Net income (loss) for the period	$ (61,308)	$ 78,823	$ (202,892)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Accretion of the present value of long term loan		36,854	49,208
Amortization of intangible assets	20,117	23,178	34,768
Gain on disposal of intangible assets		(211,699)
Changes in operating assets and liabilities:
Accounts receivable		(616)	(485)
Prepaid expenses		(1,150)
Accounts payable and accrued liabilities		16,997	49,666
Net cash used in operating activities		(57,613)	(69,735)
Investing Activities
Cash removed on deconsolidation			(1,286)
Net cash used in investing activities			(1,286)
Financing Activities
Proceeds from loans payables		25,014	142,915
Net cash provided by financing activities		25,014	142,915
Change in cash		(32,599)	71,894
Cash, beginning of period		41,042	3,248
Cash, end of period	$ 75,142	8,443	75,142
Non-cash investing and financing activities:
Acquisition of intangible assets with loan payable			798,123
Supplemental disclosures:
Interest paid		0	0
Income tax paid		$ 0	$ 0

Nudg Media Inc. - Consolidated Balance Sheet - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current assets
Cash	$ 8,443	$ 41,042
Amounts receivable	1,243	627
Prepaid expenses	1,150
Total current assets	10,836	41,669
Non-current assets
Promissory note receivable	66,000	66,000
Intangible assets		743,238
Total assets	76,836	850,907
Current liabilities
Accounts payable and accrued liabilities	57,783	57,918
Current portion of loans payable	181,224	556,210
Total current liabilities	239,007	614,128
Non-current liabilities
Loans payable, net of discount of $nil and $322,227, respectively		477,773
Total liabilities	239,007	1,091,901
Stockholders’ deficit
Common stock, 5,200,000,000 shares authorized, $0.001 par value 172,000,000 shares issued and outstanding	172,000	172,000
Additional paid-in capital	2,001,380	2,001,380
Common stock issuable	(20,000)	(20,000)
Accumulated deficit	(2,315,551)	(2,394,374)
Total stockholders’ deficit	(162,171)	(240,994)
Total liabilities and stockholders’ deficit	$ 76,836	$ 850,907