10-Q/A Filing

BRIGHT MOUNTAIN MEDIA, INC. CIK: 1568385 Q1 2013

Filing Information

Form Type	10-Q/A
Accession Number	`0001553350-13-000222`
Period End Date	20130331
Filing Date	20130524
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	cik1568385-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 42 Cash Flow Statement 75 Stockholders Equity 37

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Preferred shares, par value per share	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred shares, par value per share	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred shares, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred shares, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$328.75K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$336.68K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$149.13K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$130.24K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Prepaid Costs and Expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$11.53K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid Costs and Expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$23.30K	USD	Point-in-time
Inventories	`InventoryFinishedGoodsAndWorkInProcessNetOfReserves`	$82.35K	USD	Point-in-time
Common shares, par value per share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryFinishedGoodsAndWorkInProcessNetOfReserves`	$40.45K	USD	Point-in-time
Common shares, par value per share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common shares, par value per share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$243.01K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$400.44K	USD	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$27.32K	USD	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	15.55M	shares	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	15.23M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$29.22K	USD	Point-in-time
Other Assets	`AssetsNoncurrent`	$8.70K	USD	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	15.55M	shares	Point-in-time
Other Assets	`AssetsNoncurrent`	$15.62K	USD	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	15.23M	shares	Point-in-time
Total Assets	`Assets`	$285.95K	USD	Point-in-time
Total Assets	`Assets`	$438.36K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.91K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$24.70K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$25.52K	USD	Point-in-time
Premium Finance Loan Payable	`LoansPayableCurrent`	$10.44K	USD	Point-in-time
Premium Finance Loan Payable	`LoansPayableCurrent`	$5.22K	USD	Point-in-time
Long Term Debt to Related Parties, Current Portion	`NotesPayableRelatedPartiesClassifiedCurrent`	$19.10K	USD	Point-in-time
Long Term Debt to Related Parties, Current Portion	`NotesPayableRelatedPartiesClassifiedCurrent`	$19.59K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$58.42K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$55.06K	USD	Point-in-time
Long Term Debt to Related Parties	`NotesPayableRelatedPartiesNoncurrent`	$274.20K	USD	Point-in-time
Long Term Debt to Related Parties	`NotesPayableRelatedPartiesNoncurrent`	$269.12K	USD	Point-in-time
Total Liabilities	`Liabilities`	$327.54K	USD	Point-in-time
Total Liabilities	`Liabilities`	$329.26K	USD	Point-in-time
Preferred stock, par value $0.01, 20,000,000 shares authorized, none issued and outstanding respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $0.01, 20,000,000 shares authorized, none issued and outstanding respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $.01, 180,000,000 shares authorized, 15,550,000 and 15,230,000 shares issued and outstanding, respectively	`CommonStockValue`	$155.50K	USD	Point-in-time
Common stock, par value $.01, 180,000,000 shares authorized, 15,550,000 and 15,230,000 shares issued and outstanding, respectively	`CommonStockValue`	$152.30K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.63M	USD	Point-in-time
Deficit accumulated during development stage	`RetainedEarningsAccumulatedDeficit`	$-1.68M	USD	Point-in-time
Deficit accumulated during development stage	`RetainedEarningsAccumulatedDeficit`	$-1.99M	USD	Point-in-time
Total shareholders' equity (deficit)	`StockholdersEquity`	$-41.59K	USD	Point-in-time
Total shareholders' equity (deficit)	`StockholdersEquity`	$829.45K	USD	Point-in-time
Total shareholders' equity (deficit)	`StockholdersEquity`	$380.07K	USD	Point-in-time
Total shareholders' equity (deficit)	`StockholdersEquity`	$109.10K	USD	Point-in-time
Total liabilities and shareholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$285.95K	USD	Point-in-time
Total liabilities and shareholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$438.36K	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Product Sales	`SalesRevenueGoodsNet`	-	USD	1 Quarter
Product Sales	`SalesRevenueGoodsNet`	$134.16K	USD	11 Qtrs
Product Sales	`SalesRevenueGoodsNet`	$69.92K	USD	1 Quarter
Revenues from Services	`SalesRevenueServicesNet`	-	USD	1 Quarter
Revenues from Services	`SalesRevenueServicesNet`	$1.50K	USD	11 Qtrs
Revenues from Services	`SalesRevenueServicesNet`	$647.00	USD	1 Quarter
Total Revenue	`SalesRevenueNet`	$135.66K	USD	11 Qtrs
Total Revenue	`SalesRevenueNet`	-	USD	1 Quarter
Total Revenue	`SalesRevenueNet`	$70.57K	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$57.52K	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$113.33K	USD	11 Qtrs
Gross profit	`GrossProfit`	$13.05K	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	$22.33K	USD	11 Qtrs
Selling, general and administrative expenses	`GeneralAndAdministrativeExpense`	$320.76K	USD	1 Quarter
Selling, general and administrative expenses	`GeneralAndAdministrativeExpense`	$182.45K	USD	1 Quarter
Selling, general and administrative expenses	`GeneralAndAdministrativeExpense`	$2.00M	USD	11 Qtrs
Loss from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-182.45K	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-307.71K	USD	1 Quarter
Loss from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.97M	USD	11 Qtrs
Interest income	`InterestIncomeOther`	$7.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	$7.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	$93.00	USD	11 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$-18.44K	USD	11 Qtrs
Interest expense	`InterestIncomeExpenseNet`	-	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-7.29K	USD	1 Quarter
Total other income (expense), net	`OtherIncome`	$-7.29K	USD	1 Quarter
Total other income (expense), net	`OtherIncome`	$-18.35K	USD	11 Qtrs
Total other income (expense), net	`OtherIncome`	$7.00	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.99M	USD	11 Qtrs
Net Loss	`NetIncomeLoss`	$-315.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-931.86K	USD	Annual
Net Loss	`NetIncomeLoss`	$-60.55K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-182.44K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-684.93K	USD	Annual
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	11 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted average shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.41M	shares	1 Quarter
Weighted average shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.41M	shares	11 Qtrs
Weighted average shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.02M	shares	1 Quarter

Cash Flow Statement 75 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetLossAttributableToParent`	$-315.00K	USD	1 Quarter
Net Loss	`NetLossAttributableToParent`	$-187.97K	USD	1 Quarter
Net Loss	`NetLossAttributableToParent`	$-1.99M	USD	11 Qtrs
Depreciation	`DepreciationForPeriod`	$1.91K	USD	1 Quarter
Depreciation	`DepreciationForPeriod`	$1.91K	USD	1 Quarter
Depreciation	`DepreciationForPeriod`	$16.23K	USD	11 Qtrs
Stock option compensation expense	`ShareBasedCompensation`	$4.31K	USD	1 Quarter
Stock option compensation expense	`ShareBasedCompensation`	$65.75K	USD	11 Qtrs
Stock option compensation expense	`ShareBasedCompensation`	$5.53K	USD	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$-50.00K	USD	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$-70.00K	USD	11 Qtrs
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$-100.00K	USD	Point-in-time
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$-20.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$41.90K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.92K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$82.35K	USD	11 Qtrs
Prepaid costs and expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$11.53K	USD	11 Qtrs
Prepaid costs and expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-11.78K	USD	1 Quarter
Prepaid costs and expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-6.04K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$6.92K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$15.62K	USD	11 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.91K	USD	11 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.91K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$40.36K	USD	11 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-22.10K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-819.00	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-198.50K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-287.74K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.90M	USD	11 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$43.55K	USD	11 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-43.55K	USD	11 Qtrs
Sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.81M	USD	11 Qtrs
Sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$110.00K	USD	1 Quarter
Payments on premium finance loan	`RepaymentsOfLongTermDebt`	$5.22K	USD	1 Quarter
Payments on premium finance loan	`RepaymentsOfLongTermDebt`	$10.44K	USD	11 Qtrs
Payments on premium finance loan	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
LT debt- loan proceeds from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
LT debt- loan proceeds from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
LT debt- loan proceeds from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$300.00K	USD	11 Qtrs
Principal repayments-LT debt from related parties	`RepaymentsOfRelatedPartyDebt`	$11.29K	USD	11 Qtrs
Principal repayments-LT debt from related parties	`RepaymentsOfRelatedPartyDebt`	$4.60K	USD	1 Quarter
Principal repayments-LT debt from related parties	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$100.18K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.09M	USD	11 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-198.50K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$149.13K	USD	11 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-187.55K	USD	1 Quarter
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$328.75K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$336.68K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$149.13K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$130.24K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$328.75K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$336.68K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$149.13K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$130.24K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash paid for Interest	`InterestPaid`	$18.44K	USD	11 Qtrs
Cash paid for Interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for Interest	`InterestPaid`	$7.29K	USD	1 Quarter
Cash paid for Income Taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for Income Taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for Income Taxes	`IncomeTaxesPaid`	-	USD	11 Qtrs
Premium finance loan payable recorded as prepaid	`PremiumFinanceLoanPayableRecordedAsPrepaid`	-	USD	1 Quarter
Premium finance loan payable recorded as prepaid	`PremiumFinanceLoanPayableRecordedAsPrepaid`	$15.66K	USD	1 Quarter
Premium finance loan payable recorded as prepaid	`PremiumFinanceLoanPayableRecordedAsPrepaid`	$15.66K	USD	11 Qtrs

Stockholders Equity 37 line items

Line Item	Tag	Value	Unit	Period
Common stock issued for cash, price per share	`EquityIssuancePerShareAmount`	$0.25	USD	Point-in-time
Common stock issued for cash, price per share	`EquityIssuancePerShareAmount`	$0.50	USD	Annual
Common shares, par value per share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common shares, par value per share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common shares, par value per share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Balance, shares	`SharesOutstanding`	-	shares	Point-in-time
Balance	`StockholdersEquity`	$-41.59K	USD	Point-in-time
Balance	`StockholdersEquity`	$829.45K	USD	Point-in-time
Balance	`StockholdersEquity`	$380.07K	USD	Point-in-time
Balance	`StockholdersEquity`	$109.10K	USD	Point-in-time
Sale of common stock for cash ($.01/share)	`StockIssuedDuringPeriodValueIssuedForCash`	$100.00K	USD	2 Qtrs
Sale of common stock for cash ($.01/share), shares	`StockIssuedDuringPeriodSharesIssuedForCash`	3.16M	shares	Annual
Sale of common stock for cash ($.25/share) pursuant to Private Placement Memorandum	`StockIssuedDuringPeriodValueOther`	$790.00K	USD	2 Qtrs
Sale of common stock for cash ($.25/share) pursuant to Private Placement Memorandum	`StockIssuedDuringPeriodValueOther`	$200.00K	USD	Annual
Sale of common stock for cash ($.50/share) pursuant to Access Letter	`StockIssuedDuringPeriodForCashPursuantToAccessLetter`	$110.00K	USD	1 Quarter
Sale of common stock for cash ($.50/share) pursuant to Access Letter	`StockIssuedDuringPeriodForCashPursuantToAccessLetter`	$615.00K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$-50.00K	USD	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$-70.00K	USD	11 Qtrs
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$-100.00K	USD	Point-in-time
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$-20.00K	USD	Annual
Common stock issued for services, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	10.00M	shares	Point-in-time
Common stock issued for services, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	100,000.00	shares	Point-in-time
Stock option compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$35.56K	USD	Annual
Stock option compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$25.88K	USD	Annual
Stock option compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.31K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.99M	USD	11 Qtrs
Net loss	`NetIncomeLoss`	$-315.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-931.86K	USD	Annual
Net loss	`NetIncomeLoss`	$-60.55K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-182.44K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-684.93K	USD	Annual
Balance, shares	`SharesOutstanding`	-	shares	Point-in-time
Balance	`StockholdersEquity`	$-41.59K	USD	Point-in-time
Balance	`StockholdersEquity`	$829.45K	USD	Point-in-time
Balance	`StockholdersEquity`	$380.07K	USD	Point-in-time
Balance	`StockholdersEquity`	$109.10K	USD	Point-in-time

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