10-Q Filing

FUBOTV INC. CIK: 1484769 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001398432-14-000216`
Period End Date	20140331
Filing Date	20140520
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	btp-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 32 Cash Flow Statement 35 Stockholders Equity 16

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.15K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$135.61K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$165.05K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$41.27K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.58K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.51K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$150.12K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$166.63K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	30.11M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	30.11M	shares	Point-in-time
Computer equipment	`MachineryAndEquipmentGross`	$11.98K	USD	Point-in-time
Computer equipment	`MachineryAndEquipmentGross`	$11.02K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.11M	shares	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$7.67K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.11M	shares	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$6.56K	USD	Point-in-time
Computer equipment, net	`PropertyPlantAndEquipmentNet`	$4.31K	USD	Point-in-time
Computer equipment, net	`PropertyPlantAndEquipmentNet`	$4.46K	USD	Point-in-time
Deposits	`DepositsAssets`	$1.99K	USD	Point-in-time
Deposits	`DepositsAssets`	$1.99K	USD	Point-in-time
Goodwill	`Goodwill`	$319.24K	USD	Point-in-time
Goodwill	`Goodwill`	$319.24K	USD	Point-in-time
Goodwill	`Goodwill`	$319.24K	USD	Point-in-time
Total assets	`Assets`	$492.16K	USD	Point-in-time
Total assets	`Assets`	$475.80K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$92.80K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$68.81K	USD	Point-in-time
Accrued payroll	`AccruedLiabilitiesCurrent`	$149.00K	USD	Point-in-time
Accrued payroll	`AccruedLiabilitiesCurrent`	$149.00K	USD	Point-in-time
Advances from related parties	`DueToRelatedPartiesCurrent`	$161.15K	USD	Point-in-time
Advances from related parties	`DueToRelatedPartiesCurrent`	$60.85K	USD	Point-in-time
Acquisition payable - S&G	`AcquisitionPayableSAmpG`	$50.00K	USD	Point-in-time
Acquisition payable - S&G	`AcquisitionPayableSAmpG`	$50.00K	USD	Point-in-time
Note payable	`NotesPayable`	$55.00K	USD	Point-in-time
Note payable	`NotesPayable`	$55.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$433.95K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$407.64K	USD	Point-in-time
Long-term note payable-related party	`DueToRelatedPartiesNoncurrent`	$150.00K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$150.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$583.95K	USD	Point-in-time
Total liabilities	`Liabilities`	$407.64K	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock par value $0.0001: 10,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock par value $0.0001: 10,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock par value $0.0001: 100,000,000 shares authorized; 30,114,500 shares issued and outstanding	`CommonStockValue`	$3.01K	USD	Point-in-time
Common stock par value $0.0001: 100,000,000 shares authorized; 30,114,500 shares issued and outstanding	`CommonStockValue`	$3.01K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.49M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.49M	USD	Point-in-time
Accumulated deficit	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$1.40M	USD	Point-in-time
Accumulated deficit	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$1.53M	USD	Point-in-time
Total BTOP Stockholders' Equity (Deficit)	`StockholdersEquity`	$-34.68K	USD	Point-in-time
Total BTOP Stockholders' Equity (Deficit)	`StockholdersEquity`	$97.59K	USD	Point-in-time
Noncontrolling interest - capital stock in consolidated subsidiaries	`NoncontrollingInterestCapitalStockInConsolidatedSubsidiaries`	$250.00	USD	Point-in-time
Noncontrolling interest - capital stock in consolidated subsidiaries	`NoncontrollingInterestCapitalStockInConsolidatedSubsidiaries`	$250.00	USD	Point-in-time
Noncontrolling interest - additional paid-in capital	`NoncontrollingInterestAdditionalPaidInCapital`	$37.50K	USD	Point-in-time
Noncontrolling interest - additional paid-in capital	`NoncontrollingInterestAdditionalPaidInCapital`	$37.50K	USD	Point-in-time
Noncontrolling interest - retained earnings in consolidated subsidiaries	`NoncontrollingInterestRetainedEarningsInConsolidatedSubsidiaries`	$-67.18K	USD	Point-in-time
Noncontrolling interest - retained earnings in consolidated subsidiaries	`NoncontrollingInterestRetainedEarningsInConsolidatedSubsidiaries`	$-94.86K	USD	Point-in-time
Non-Controlling Interest in Subsidiaries	`MinorityInterest`	$-29.43K	USD	Point-in-time
Non-Controlling Interest in Subsidiaries	`MinorityInterest`	$-57.11K	USD	Point-in-time
Total Equity (Deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$68.16K	USD	Point-in-time
Total Equity (Deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$56.25K	USD	Point-in-time
Total Equity (Deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-91.79K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$492.16K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$475.80K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
License fees	`LicensesRevenue`	$21.35K	USD	1 Quarter
License fees	`LicensesRevenue`	-	USD	1 Quarter
Total revenue	`Revenues`	$21.35K	USD	1 Quarter
Compensation	`SalariesAndWages`	$84.76K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$31.38K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$17.48K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.10K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$64.66K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$21.57K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$180.80K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-159.46K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-21.57K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.50K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.01K	USD	1 Quarter
Other (income) expense	`OtherNonoperatingIncomeExpense`	$1.00K	USD	1 Quarter
Other (income) expense, net	`NonoperatingIncomeExpense`	$-499.00	USD	1 Quarter
Other (income) expense, net	`NonoperatingIncomeExpense`	$-1.01K	USD	1 Quarter
Loss before income tax provision and non-controlling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-22.59K	USD	1 Quarter
Loss before income tax provision and non-controlling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-159.95K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss before non-controlling interest	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-22.59K	USD	1 Quarter
Net loss before non-controlling interest	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-159.95K	USD	1 Quarter
Net loss before non-controlling interest	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-430.01K	USD	Annual
Net loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-20.00	USD	1 Quarter
Net loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-27.68K	USD	1 Quarter
Net loss attributable to BTOP stockholders	`NetIncomeLoss`	$-132.27K	USD	1 Quarter
Net loss attributable to BTOP stockholders	`NetIncomeLoss`	$-22.57K	USD	1 Quarter
Net loss per common share - basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per common share - basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.11M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.69M	shares	1 Quarter

Cash Flow Statement 35 line items

Line Item	Tag	Value	Unit	Period
Net loss before non-controlling interest	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-22.59K	USD	1 Quarter
Net loss before non-controlling interest	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-159.95K	USD	1 Quarter
Net loss before non-controlling interest	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-430.01K	USD	Annual
Depreciation expense	`Depreciation`	$1.11K	USD	1 Quarter
Depreciation expense	`Depreciation`	$570.00	USD	1 Quarter
Acquisition payable	`AcquisitionPayableSAmpG`	$50.00K	USD	Point-in-time
Acquisition payable	`AcquisitionPayableSAmpG`	$50.00K	USD	Point-in-time
Other receivable	`IncreaseDecreaseInOtherCurrentAssets`	$-13.94K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-23.99K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-27.88K	USD	1 Quarter
Deposits	`IncreaseDecreaseInOtherDeposits`	$2.21K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-47.68K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-219.90K	USD	1 Quarter
Purchase of computer equipment	`PaymentsToAcquireMachineryAndEquipment`	$964.00	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-964.00	USD	1 Quarter
Advances from (repayments to) related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$800.00	USD	1 Quarter
Advances from (repayments to) related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$100.30K	USD	1 Quarter
Proceeds from note payable - related party	`ProceedsFromRelatedPartyDebt`	$150.00K	USD	1 Quarter
Proceeds from sale of common stock and warrants, net of issuance cost	`ProceedsFromIssuanceOrSaleOfEquity`	$85.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$85.80K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$250.30K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$29.44K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$38.12K	USD	1 Quarter
Cash at beginning of the reporting period	`CashAndCashEquivalentsAtCarryingValue`	$3.15K	USD	Point-in-time
Cash at beginning of the reporting period	`CashAndCashEquivalentsAtCarryingValue`	$135.61K	USD	Point-in-time
Cash at beginning of the reporting period	`CashAndCashEquivalentsAtCarryingValue`	$165.05K	USD	Point-in-time
Cash at beginning of the reporting period	`CashAndCashEquivalentsAtCarryingValue`	$41.27K	USD	Point-in-time
Cash at end of the reporting period	`CashAndCashEquivalentsAtCarryingValue`	$3.15K	USD	Point-in-time
Cash at end of the reporting period	`CashAndCashEquivalentsAtCarryingValue`	$135.61K	USD	Point-in-time
Cash at end of the reporting period	`CashAndCashEquivalentsAtCarryingValue`	$165.05K	USD	Point-in-time
Cash at end of the reporting period	`CashAndCashEquivalentsAtCarryingValue`	$41.27K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Income tax paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income tax paid	`IncomeTaxesPaid`	-	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$68.16K	USD	Point-in-time
Stock issued, per share	`SaleOfStockPricePerShare`	$1.00	USD	Point-in-time
Stock issued, per share	`SaleOfStockPricePerShare`	$1.00	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$56.25K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-91.79K	USD	Point-in-time
Stock issued for cash at $1.00 per share,	`StockIssuedDuringPeriodValueNewIssues`	$422.50K	USD	Annual
Stock issued for cash at $1.00 per share,	`StockIssuedDuringPeriodValueNewIssues`	$422.50K	USD	2 Qtrs
Stock issued for cash at $1.00 per share, (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	422,500.00	shares	2 Qtrs
Capital contribution from shareholder	`AdjustmentsToAdditionalPaidInCapitalOther`	$47.50K	USD	Annual
Acquisition of S&G Holdings	`StockIssuedDuringPeriodValueAcquisitions`	$-28.08K	USD	Annual
Net Loss	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-22.59K	USD	1 Quarter
Net Loss	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-159.95K	USD	1 Quarter
Net Loss	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-430.01K	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$68.16K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$56.25K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-91.79K	USD	Point-in-time

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