10-Q Filing

FUBOTV INC. CIK: 1484769 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001493152-17-005743`
Period End Date	20170331
Filing Date	20170522
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	crco-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 40 Cash Flow Statement 50 Stockholders Equity 7

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$101.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$18.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$7.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$48.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$11.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$115.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$34.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	33,940.00	shares	Point-in-time
Total assets	`Assets`	$115.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	33,940.00	shares	Point-in-time
Total assets	`Assets`	$34.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	33,940.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	33,940.00	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$130.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$150.00K	USD	Point-in-time
Accrued interest related parties	`InterestPayableCurrent`	$118.00K	USD	Point-in-time
Accrued interest related parties	`InterestPayableCurrent`	$124.00K	USD	Point-in-time
Accrued payroll - officers	`EmployeeRelatedLiabilitiesCurrent`	$458.00K	USD	Point-in-time
Accrued payroll - officers	`EmployeeRelatedLiabilitiesCurrent`	$553.00K	USD	Point-in-time
Advances from related parties	`DueToRelatedPartiesCurrent`	$41.00K	USD	Point-in-time
Advances from related parties	`DueToRelatedPartiesCurrent`	$41.00K	USD	Point-in-time
Deposit on future sale of equity	`DepositOnFutureSaleOfEquity`	$55.00K	USD	Point-in-time
Deposit on future sale of equity	`DepositOnFutureSaleOfEquity`	$55.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$24.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	-	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$75.00K	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$75.00K	USD	Point-in-time
Convertible notes payable-related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$484.00K	USD	Point-in-time
Convertible notes payable-related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$484.00K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$12.98M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$3.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.08M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.37M	USD	Point-in-time
Common stock par value $0.0001: 300,000,000 shares authorized; 33,940 shares issued and outstanding, at March 31, 2017 and December 31, 2016	`CommonStockValue`	-	USD	Point-in-time
Common stock par value $0.0001: 300,000,000 shares authorized; 33,940 shares issued and outstanding, at March 31, 2017 and December 31, 2016	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$10.20M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.63M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.06M	USD	Point-in-time
Total Stockholders' Deficit allocated to Carolco Pictures, Inc.	`StockholdersEquity`	$-14.07M	USD	Point-in-time
Total Stockholders' Deficit allocated to Carolco Pictures, Inc.	`StockholdersEquity`	$-4.85M	USD	Point-in-time
Non-Controlling Interest in Subsidiaries	`MinorityInterest`	$-189.00K	USD	Point-in-time
Non-Controlling Interest in Subsidiaries	`MinorityInterest`	$-197.00K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-14.26M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-5.05M	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$115.00K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$34.00K	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Interest expense related party	`InterestExpenseRelatedParty`	$72.00K	USD	1 Quarter
Interest expense related party	`InterestExpenseRelatedParty`	$7.00K	USD	1 Quarter
Revenue	`Revenues`	$53.00K	USD	1 Quarter
Revenue	`Revenues`	$22.00K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$31.00K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$2.00K	USD	1 Quarter
Gross Profit	`GrossProfit`	$20.00K	USD	1 Quarter
Gross Profit	`GrossProfit`	$22.00K	USD	1 Quarter
Compensation	`SalariesAndWages`	$94.00K	USD	1 Quarter
Compensation	`SalariesAndWages`	$114.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$98.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$28.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$192.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$142.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-122.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-170.00K	USD	1 Quarter
Interest expense (including interest to related party of $7,000 and $72,000 respectively)	`InterestExpense`	$-7.00K	USD	1 Quarter
Interest expense (including interest to related party of $7,000 and $72,000 respectively)	`InterestExpense`	$-170.00K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$2.38M	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-6.81M	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`	-	USD	1 Quarter
Other (income) expense	`OtherNonoperatingIncomeExpense`	$1.00K	USD	1 Quarter
Other (income) expense, net	`NonoperatingIncomeExpense`	$-6.80M	USD	1 Quarter
Other (income) expense, net	`NonoperatingIncomeExpense`	$2.38M	USD	1 Quarter
Income (loss) before non-controlling interest	`ProfitLoss`	$-2.50M	USD	1 Quarter
Income (loss) before non-controlling interest	`ProfitLoss`	$6.64M	USD	1 Quarter
Loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-32.00K	USD	1 Quarter
Loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-8.00K	USD	1 Quarter
Net income (loss) attributable to Carolco Pictures, Inc.	`NetIncomeLoss`	$6.64M	USD	1 Quarter
Net income (loss) attributable to Carolco Pictures, Inc.	`NetIncomeLoss`	$-2.47M	USD	1 Quarter
-Basic	`EarningsPerShareBasic`	$-155.17	USD	1 Quarter
-Basic	`EarningsPerShareBasic`	$195.58	USD	1 Quarter
-Diluted	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
-Diluted	`EarningsPerShareDiluted`	$-155.17	USD	1 Quarter
-Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	15,899.00	shares	1 Quarter
-Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	33,940.00	shares	1 Quarter
-Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	15,899.00	shares	1 Quarter
-Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	87.40M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-2.50M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$6.64M	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$2.38M	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-6.81M	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$79.00K	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
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-10.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$12.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$19.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.00K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$6.00K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$18.00K	USD	1 Quarter
Accrued payroll related party	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$45.00K	USD	1 Quarter
Accrued payroll related party	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$95.00K	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	-	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-24.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-83.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-144.00K	USD	1 Quarter
Advances from (repayments to) related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$196.00K	USD	1 Quarter
Advances from (repayments to) related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Repayment of convertible notes payable	`RepaymentsOfConvertibleDebt`	$123.00K	USD	1 Quarter
Repayment of convertible notes payable	`RepaymentsOfConvertibleDebt`	-	USD	1 Quarter
Proceeds from note payable	`ProceedsFromNotesPayable`	$30.00K	USD	1 Quarter
Proceeds from note payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$103.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-41.00K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-83.00K	USD	1 Quarter
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$101.00K	USD	Point-in-time
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$18.00K	USD	Point-in-time
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.00K	USD	Point-in-time
Cash at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$48.00K	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$101.00K	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$18.00K	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.00K	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$48.00K	USD	Point-in-time
Interest paid	`InterestPaid`	$19.00K	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Income tax paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income tax paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Common stock issued upon conversion notes payable and accrued interest	`StockIssued1`	-	USD	1 Quarter
Common stock issued upon conversion notes payable and accrued interest	`StockIssued1`	$83.00K	USD	1 Quarter
Minority share of losses of subsidiary	`MinorityShareOfLossesOfSubsidiary`	$8.00K	USD	1 Quarter
Minority share of losses of subsidiary	`MinorityShareOfLossesOfSubsidiary`	$32.00K	USD	1 Quarter
Extinguishment of derivative liability upon warrant expiration	`ExtinguishmentOfDerivativeLiabilityUponWarrantExpiration`	-	USD	1 Quarter
Extinguishment of derivative liability upon warrant expiration	`ExtinguishmentOfDerivativeLiabilityUponWarrantExpiration`	$2.58M	USD	1 Quarter

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-14.26M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-5.05M	USD	Point-in-time
Extinguishment of derivative liability	`ExtinguishmentOfDerivativeLiability`	$2.58M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-2.50M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$6.64M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-14.26M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-5.05M	USD	Point-in-time

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