10-Q Filing

FUBOTV INC. CIK: 1484769 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001493152-16-015415`
Period End Date	20160331
Filing Date	20161123
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	crco-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 38 Cash Flow Statement 66 Stockholders Equity 8

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, net of accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.00K	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.00K	USD	Point-in-time
Accrued interest to related party	`AccruedInterestToRelatedParty`	$42.00K	USD	Point-in-time
Accrued interest to related party	`AccruedInterestToRelatedParty`	$72.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$7.00K	USD	Point-in-time
Convertible notes payable, net of unamortized debt discount	`DebtInstrumentUnamortizedDiscount`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$30.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$48.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$160.00K	USD	Point-in-time
Convertible notes payable, net of unamortized debt discount	`DebtInstrumentUnamortizedDiscount`	$79.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$13.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$61.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$22.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $2,000 and $1,000, respectively	`PropertyPlantAndEquipmentNet`	$1.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $2,000 and $1,000, respectively	`PropertyPlantAndEquipmentNet`	$2.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deposits on project paid to related party	`DepositsAssetsNoncurrent`	$250.00K	USD	Point-in-time
Deposits on project paid to related party	`DepositsAssetsNoncurrent`	$250.00K	USD	Point-in-time
Total assets	`Assets`	$313.00K	USD	Point-in-time
Total assets	`Assets`	$273.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	239.16M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	93.86M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	93.86M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	239.16M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$30.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$22.00K	USD	Point-in-time
Accrued interest (including interest to related party of $72,000 and $42,000, respectively)	`InterestPayableCurrent`	$65.00K	USD	Point-in-time
Accrued interest (including interest to related party of $72,000 and $42,000, respectively)	`InterestPayableCurrent`	$81.00K	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$125.00K	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$170.00K	USD	Point-in-time
Advances from related parties	`DueToRelatedPartiesCurrent`	$31.00K	USD	Point-in-time
Advances from related parties	`DueToRelatedPartiesCurrent`	$226.00K	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$74.00K	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$44.00K	USD	Point-in-time
Convertible notes payable, net of debt discount of $0 and $79,000, respectively	`ConvertibleNotesPayableCurrent`	$182.00K	USD	Point-in-time
Convertible notes payable, net of debt discount of $0 and $79,000, respectively	`ConvertibleNotesPayableCurrent`	$57.00K	USD	Point-in-time
Convertible notes payable-related party	`ConvertibleNotesPayablerelatedPartyCurrent`	$543.00K	USD	Point-in-time
Convertible notes payable-related party	`ConvertibleNotesPayablerelatedPartyCurrent`	$543.00K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$4.67M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$6.88M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.68M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock: $0.0001 par value, 50,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock: $0.0001 par value, 50,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock par value $0.0001: 5,000,000,000 shares authorized; 239,156,794 and 93,856,857 shares issued and outstanding, respectively	`CommonStockValue`	$24.00K	USD	Point-in-time
Common stock par value $0.0001: 5,000,000,000 shares authorized; 239,156,794 and 93,856,857 shares issued and outstanding, respectively	`CommonStockValue`	$9.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.44M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.37M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.59M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.06M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-5.22M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-7.60M	USD	Point-in-time
Non-Controlling Interest in Subsidiaries	`MinorityInterest`	$-156.00K	USD	Point-in-time
Non-Controlling Interest in Subsidiaries	`MinorityInterest`	$-188.00K	USD	Point-in-time
Total Stockholder Deficit allocated to Carolco Pictures, Inc.	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-7.79M	USD	Point-in-time
Total Stockholder Deficit allocated to Carolco Pictures, Inc.	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-5.37M	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$273.00K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$313.00K	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Interest expense related party	`InterestExpenseRelatedParty`	$4.00K	USD	1 Quarter
Interest expense related party	`InterestExpenseRelatedParty`	$30.00K	USD	1 Quarter
Revenue	`Revenues`	$22.00K	USD	1 Quarter
Revenue	`Revenues`	$2.00K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$2.00K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$32.00K	USD	1 Quarter
Gross Profit	`GrossProfit`	$20.00K	USD	1 Quarter
Gross Profit	`GrossProfit`	$-30.00K	USD	1 Quarter
Compensation	`SalariesAndWages`	$518.00K	USD	1 Quarter
Compensation	`SalariesAndWages`	$114.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$115.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$28.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$93.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$142.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$726.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-122.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-756.00K	USD	1 Quarter
Interest expense (including interest to related party of $30,000 and $4,000, respectively)	`InterestExpense`	$6.00K	USD	1 Quarter
Interest expense (including interest to related party of $30,000 and $4,000, respectively)	`InterestExpense`	$170.00K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-2.38M	USD	1 Quarter
Gain on extinguishment of derivative liability	`GainOnExtinguishmentOfDerivativeLiability`	-	USD	1 Quarter
Gain on extinguishment of derivative liability	`GainOnExtinguishmentOfDerivativeLiability`	$174.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$32.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-1.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-2.38M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$26.00K	USD	1 Quarter
Loss before non-controlling interest	`ProfitLoss`	$-730.00K	USD	1 Quarter
Loss before non-controlling interest	`ProfitLoss`	$-2.50M	USD	1 Quarter
Loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-28.00K	USD	1 Quarter
Loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-32.00K	USD	1 Quarter
Net loss attributable to Carolco Pictures, Inc.	`NetIncomeLoss`	$-2.47M	USD	1 Quarter
Net loss attributable to Carolco Pictures, Inc.	`NetIncomeLoss`	$-702.00K	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted Average Common Shares Outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	56.62M	shares	1 Quarter
Weighted Average Common Shares Outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	158.99M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net loss before noncontrolling interest	`ProfitLoss`	$-730.00K	USD	1 Quarter
Net loss before noncontrolling interest	`ProfitLoss`	$-2.50M	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-2.38M	USD	1 Quarter
Amortization of debt discount and issuance cost	`AmortizationOfDebtDiscountPremium`	$79.00K	USD	1 Quarter
Amortization of debt discount and issuance cost	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Gain on extinguishment of derivative liability	`GainOnExtinguishmentOfDerivativeLiability`	-	USD	1 Quarter
Gain on extinguishment of derivative liability	`GainOnExtinguishmentOfDerivativeLiability`	$174.00K	USD	1 Quarter
Depreciation expense	`Depreciation`	-	USD	1 Quarter
Depreciation expense	`Depreciation`	$1.00K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$85.00K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$9.00K	USD	1 Quarter
Warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	1 Quarter
Write-off of subscription receivable	`WriteoffOfSubscriptionReceivable`	-	USD	1 Quarter
Write-off of subscription receivable	`WriteoffOfSubscriptionReceivable`	$8.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-10.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.00K	USD	1 Quarter
Deposit on project paid to related party	`IncreaseDecreaseInDepositOnProjectPaidToRelatedParty`	-	USD	1 Quarter
Deposit on project paid to related party	`IncreaseDecreaseInDepositOnProjectPaidToRelatedParty`	$-250.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$19.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$38.00K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$18.00K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$4.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	-	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-2.00K	USD	1 Quarter
Accrued payroll	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$45.00K	USD	1 Quarter
Accrued payroll	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$200.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-144.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-647.00K	USD	1 Quarter
Advances from (repayments to) related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-50.00K	USD	1 Quarter
Advances from (repayments to) related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$196.00K	USD	1 Quarter
Repayment of convertible notes payable	`RepaymentsOfConvertibleDebt`	-	USD	1 Quarter
Repayment of convertible notes payable	`RepaymentsOfConvertibleDebt`	$123.00K	USD	1 Quarter
Proceeds from note payable	`ProceedsFromNotesPayable`	$30.00K	USD	1 Quarter
Proceeds from note payable	`ProceedsFromNotesPayable`	$334.00K	USD	1 Quarter
Proceeds from bank borrowings	`ProceedsFromBankDebt`	-	USD	1 Quarter
Proceeds from bank borrowings	`ProceedsFromBankDebt`	$30.00K	USD	1 Quarter
Proceeds from private placements of common stock	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	1 Quarter
Proceeds from private placements of common stock	`ProceedsFromIssuanceOfPrivatePlacement`	$56.00K	USD	1 Quarter
Proceeds from sale of units of common stock and warrants	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from sale of units of common stock and warrants	`ProceedsFromIssuanceOfCommonStock`	$147.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$103.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$517.00K	USD	1 Quarter
Net cash decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-130.00K	USD	1 Quarter
Net cash decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-41.00K	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.00K	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.00K	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$48.00K	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$160.00K	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.00K	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$30.00K	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$48.00K	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$160.00K	USD	Point-in-time
Interest paid in cash	`InterestPaid`	$2.00K	USD	1 Quarter
Interest paid in cash	`InterestPaid`	$19.00K	USD	1 Quarter
Taxes paid in cash	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Taxes paid in cash	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Common stock issued upon conversion notes payable and accrued interest	`DebtConversionConvertedInstrumentAmount1`	-	USD	1 Quarter
Common stock issued upon conversion notes payable and accrued interest	`DebtConversionConvertedInstrumentAmount1`	$84.00K	USD	1 Quarter
Accrued legal services paid in stock	`AccruedLegalServicesPaidInStock`	-	USD	1 Quarter
Accrued legal services paid in stock	`AccruedLegalServicesPaidInStock`	$12.00K	USD	1 Quarter
Minority share of losses of subsidiary	`MinorityShareOfLossesOfSubsidiary`	$320.00K	USD	1 Quarter
Minority share of losses of subsidiary	`MinorityShareOfLossesOfSubsidiary`	$28.00K	USD	1 Quarter

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-7.79M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-5.37M	USD	Point-in-time
Common stock issued upon conversion of notes payable	`DebtConversionConvertedInstrumentAmount1`	-	USD	1 Quarter
Common stock issued upon conversion of notes payable	`DebtConversionConvertedInstrumentAmount1`	$84.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-730.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.50M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-7.79M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-5.37M	USD	Point-in-time

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