10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001654954-18-005697 |
| Period End Date | 20180331 |
| Filing Date | 20180521 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | bmtm-20180331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
71 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Preferred stock, par value per share |
PreferredStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Preferred stock, par value per share |
PreferredStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
20.00M | shares | Point-in-time |
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
20.00M | shares | Point-in-time |
| Cash and Cash Equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$166.27K | USD | Point-in-time |
| Cash and Cash Equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$162.79K | USD | Point-in-time |
| Cash and Cash Equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$34.46K | USD | Point-in-time |
| Cash and Cash Equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$140.02K | USD | Point-in-time |
| Accounts Receivable, net |
AccountsReceivableNetCurrent
|
$879.77K | USD | Point-in-time |
| Accounts Receivable, net |
AccountsReceivableNetCurrent
|
$878.88K | USD | Point-in-time |
| Common stock, par value per share |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Inventories |
InventoryNet
|
$611.47K | USD | Point-in-time |
| Common stock, par value per share |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Inventories |
InventoryNet
|
$511.93K | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
324.00M | shares | Point-in-time |
| Prepaid Expenses and Other Current Assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$109.00K | USD | Point-in-time |
| Prepaid Expenses and Other Current Assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$145.73K | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
324.00M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
44.90M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
47.94M | shares | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.67M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.78M | USD | Point-in-time |
| Property and Equipment, net |
PropertyPlantAndEquipmentNet
|
$89.50K | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
47.94M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
44.90M | shares | Point-in-time |
| Property and Equipment, net |
PropertyPlantAndEquipmentNet
|
$84.19K | USD | Point-in-time |
| Website Acquisition Assets, net |
WebsiteAcquisitionAssetsNet
|
$332.80K | USD | Point-in-time |
| Website Acquisition Assets, net |
WebsiteAcquisitionAssetsNet
|
$393.42K | USD | Point-in-time |
| Intangible Assets, net |
FiniteLivedIntangibleAssetsNet
|
$915.67K | USD | Point-in-time |
| Intangible Assets, net |
FiniteLivedIntangibleAssetsNet
|
$967.77K | USD | Point-in-time |
| Goodwill |
Goodwill
|
$446.43K | USD | Point-in-time |
| Goodwill |
Goodwill
|
$446.43K | USD | Point-in-time |
| Other Assets |
OtherAssetsNoncurrent
|
$46.59K | USD | Point-in-time |
| Other Assets |
OtherAssetsNoncurrent
|
$44.61K | USD | Point-in-time |
| Total Assets |
Assets
|
$2.75M | USD | Point-in-time |
| Total Assets |
Assets
|
$3.49M | USD | Point-in-time |
| Total Assets |
Assets
|
$3.72M | USD | Point-in-time |
| Accounts Payable |
AccountsPayableCurrent
|
$1.10M | USD | Point-in-time |
| Accounts Payable |
AccountsPayableCurrent
|
$1.17M | USD | Point-in-time |
| Accrued Expenses |
AccruedLiabilitiesCurrent
|
$90.00K | USD | Point-in-time |
| Accrued Expenses |
AccruedLiabilitiesCurrent
|
$85.19K | USD | Point-in-time |
| Premium Finance Loan Payable |
LoansPayableCurrent
|
$63.13K | USD | Point-in-time |
| Premium Finance Loan Payable |
LoansPayableCurrent
|
$40.91K | USD | Point-in-time |
| Deferred Rent - Short Term |
AccruedRentCurrent
|
$3.78K | USD | Point-in-time |
| Deferred Rent - Short Term |
AccruedRentCurrent
|
$2.47K | USD | Point-in-time |
| Deferred Revenues |
DeferredRevenueCurrent
|
$8.24K | USD | Point-in-time |
| Deferred Revenues |
DeferredRevenueCurrent
|
$9.73K | USD | Point-in-time |
| Long Term Debt, Current Portion |
NotesPayableCurrent
|
$769.53K | USD | Point-in-time |
| Long Term Debt, Current Portion |
NotesPayableCurrent
|
$767.07K | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$2.11M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$2.01M | USD | Point-in-time |
| Long term Deferred Rent |
AccruedRentNoncurrent
|
$15.18K | USD | Point-in-time |
| Long term Deferred Rent |
AccruedRentNoncurrent
|
$16.42K | USD | Point-in-time |
| Long Term Debt to Related Parties, net |
NotesPayableRelatedPartiesNoncurrent
|
$1.25M | USD | Point-in-time |
| Long Term Debt to Related Parties, net |
NotesPayableRelatedPartiesNoncurrent
|
$1.20M | USD | Point-in-time |
| Long Term Debt, net of current portion |
LongTermDebt
|
$54.95K | USD | Point-in-time |
| Long Term Debt, net of current portion |
LongTermDebt
|
- | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$3.27M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$3.38M | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common Stock, par value $0.01, 324,000,000 shares authorized, 47,941,364 and 44,901,531 issued and outstanding |
CommonStockValue
|
$461.69K | USD | Point-in-time |
| Common Stock, par value $0.01, 324,000,000 shares authorized, 47,941,364 and 44,901,531 issued and outstanding |
CommonStockValue
|
$479.41K | USD | Point-in-time |
| Additional Paid-in Capital |
AdditionalPaidInCapitalCommonStock
|
$12.59M | USD | Point-in-time |
| Additional Paid-in Capital |
AdditionalPaidInCapitalCommonStock
|
$11.69M | USD | Point-in-time |
| Accumulated Deficit |
RetainedEarningsAccumulatedDeficit
|
$-12.86M | USD | Point-in-time |
| Accumulated Deficit |
RetainedEarningsAccumulatedDeficit
|
$-11.82M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$221.05K | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$343.22K | USD | Point-in-time |
| Total Liabilities and Shareholders' Equity |
LiabilitiesAndStockholdersEquity
|
$3.49M | USD | Point-in-time |
| Total Liabilities and Shareholders' Equity |
LiabilitiesAndStockholdersEquity
|
$3.72M | USD | Point-in-time |
Income Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Product |
SalesRevenueGoodsNet
|
$375.29K | USD | 1 Quarter |
| Product |
SalesRevenueGoodsNet
|
$551.36K | USD | 1 Quarter |
| Advertising |
SalesRevenueServicesNet
|
$109.74K | USD | 1 Quarter |
| Advertising |
SalesRevenueServicesNet
|
$683.06K | USD | 1 Quarter |
| Total revenues |
SalesRevenueNet
|
$661.10K | USD | 1 Quarter |
| Total revenues |
SalesRevenueNet
|
$1.06M | USD | 1 Quarter |
| Product |
CostOfGoodsSold
|
$372.55K | USD | 1 Quarter |
| Product |
CostOfGoodsSold
|
$291.56K | USD | 1 Quarter |
| Advertising |
CostOfServices
|
$3.51K | USD | 1 Quarter |
| Advertising |
CostOfServices
|
$510.70K | USD | 1 Quarter |
| Total Cost of revenue |
CostOfRevenue
|
$376.06K | USD | 1 Quarter |
| Total Cost of revenue |
CostOfRevenue
|
$802.27K | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$256.07K | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$285.04K | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$1.19M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$884.20K | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-929.88K | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-599.16K | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$82.00 | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$288.00 | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$35.16K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$15.35K | USD | 1 Quarter |
| Interest expense - related party |
InterestExpenseRelatedParty
|
$99.86K | USD | 1 Quarter |
| Interest expense - related party |
InterestExpenseRelatedParty
|
$49.01K | USD | 1 Quarter |
| Total other income (expense) |
NonoperatingIncomeExpense
|
$-84.09K | USD | 1 Quarter |
| Total other income (expense) |
NonoperatingIncomeExpense
|
$-114.92K | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-683.25K | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-1.04M | USD | 1 Quarter |
| Series A and Series E preferred stock |
PreferredStockDividendsIncomeStatementImpact
|
$1.97K | USD | 1 Quarter |
| Series A and Series E preferred stock |
PreferredStockDividendsIncomeStatementImpact
|
$14.76K | USD | 1 Quarter |
| Net loss attributable to common shareholders |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$-685.22K | USD | 1 Quarter |
| Net loss attributable to common shareholders |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$-1.06M | USD | 1 Quarter |
| Basic and diluted net loss per share |
EarningsPerShareBasicAndDiluted
|
$-0.02 | USD | 1 Quarter |
| Basic and diluted net loss per share |
EarningsPerShareBasicAndDiluted
|
$-0.02 | USD | 1 Quarter |
| Weighted average shares outstanding - basic and diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
45.81M | shares | 1 Quarter |
| Weighted average shares outstanding - basic and diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
44.91M | shares | 1 Quarter |
Cash Flow Statement
66 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-683.25K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-1.04M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$6.34K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$5.49K | USD | 1 Quarter |
| Amortization of debt discount |
AmortizationOfDebtDiscountPremium
|
$28.89K | USD | 1 Quarter |
| Amortization of debt discount |
AmortizationOfDebtDiscountPremium
|
$47.71K | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$112.72K | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$75.81K | USD | 1 Quarter |
| Stock option compensation expense |
StockOptionPlanExpense
|
$7.34K | USD | 1 Quarter |
| Stock option compensation expense |
StockOptionPlanExpense
|
$38.26K | USD | 1 Quarter |
| Common stock and warrants issued for services |
IssuanceOfStockAndWarrantsForServicesOrClaims
|
$3.06K | USD | 1 Quarter |
| Common stock and warrants issued for services |
IssuanceOfStockAndWarrantsForServicesOrClaims
|
$95.55K | USD | 1 Quarter |
| Provision for bad debts |
ProvisionForDoubtfulAccounts
|
- | USD | 1 Quarter |
| Provision for bad debts |
ProvisionForDoubtfulAccounts
|
$-26.28K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-27.17K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-88.67K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$82.02K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-99.54K | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-36.73K | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-63.08K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$1.98K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$36.33K | USD | 1 Quarter |
| Accounts payable and accrued expense |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-78.88K | USD | 1 Quarter |
| Accounts payable and accrued expense |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$42.10K | USD | 1 Quarter |
| Deferred rents |
IncreaseDecreaseInOtherDeferredLiability
|
$77.00 | USD | 1 Quarter |
| Deferred rents |
IncreaseDecreaseInOtherDeferredLiability
|
$11.19K | USD | 1 Quarter |
| Deferred revenues |
IncreaseDecreaseInDeferredRevenue
|
- | USD | 1 Quarter |
| Deferred revenues |
IncreaseDecreaseInDeferredRevenue
|
$-1.50K | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-720.25K | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-445.06K | USD | 1 Quarter |
| Purchase of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$1.02K | USD | 1 Quarter |
| Purchase of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$8.04K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.02K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-8.04K | USD | 1 Quarter |
| Proceeds from issuance of common units, net |
ProceedsFromIssuanceOfCommonStock
|
- | USD | 1 Quarter |
| Proceeds from issuance of common units, net |
ProceedsFromIssuanceOfCommonStock
|
$634.50K | USD | 1 Quarter |
| Proceeds from issuance of preferred stock |
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
- | USD | 1 Quarter |
| Proceeds from issuance of preferred stock |
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
$200.00K | USD | 1 Quarter |
| Repayments on insurance premium notes payable |
RepaymentsOfLongTermDebt
|
$25.24K | USD | 1 Quarter |
| Repayments on insurance premium notes payable |
RepaymentsOfLongTermDebt
|
$22.22K | USD | 1 Quarter |
| Dividend payments |
PaymentsOfDividends
|
- | USD | 1 Quarter |
| Dividend payments |
PaymentsOfDividends
|
$14.76K | USD | 1 Quarter |
| Principal payment on long-term debt - Non-Related party |
FairValueAdjustmentOfWarrants
|
- | USD | 1 Quarter |
| Principal payment on long-term debt - Non-Related party |
FairValueAdjustmentOfWarrants
|
$-50.00K | USD | 1 Quarter |
| Long-term debt - Related parties |
ProceedsFromRelatedPartyDebt
|
$350.00K | USD | 1 Quarter |
| Long-term debt - Related parties |
ProceedsFromRelatedPartyDebt
|
- | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$324.76K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$747.51K | USD | 1 Quarter |
| Net increase (decrease) in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-128.34K | USD | 1 Quarter |
| Net increase (decrease) in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$26.25K | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$166.27K | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$162.79K | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$34.46K | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$140.02K | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$166.27K | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$162.79K | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$34.46K | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$140.02K | USD | Point-in-time |
| Cash paid for: Interest |
InterestPaidNet
|
$51.65K | USD | 1 Quarter |
| Cash paid for: Interest |
InterestPaidNet
|
$20.22K | USD | 1 Quarter |
| Cash paid for: Income taxes |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
| Cash paid for: Income taxes |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
| Premium finance loan payable recorded as prepaid |
PremiumFinanceLoanPayableRecordedAsPrepaid
|
$66.13K | USD | 1 Quarter |
| Premium finance loan payable recorded as prepaid |
PremiumFinanceLoanPayableRecordedAsPrepaid
|
$28.40K | USD | 1 Quarter |
| Debt discount on convertible notes payable |
DebtDiscountOnConvertibleNotesPayable
|
- | USD | 1 Quarter |
| Debt discount on convertible notes payable |
DebtDiscountOnConvertibleNotesPayable
|
$245.00K | USD | 1 Quarter |
Stockholders Equity
12 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
StockholdersEquity
|
$221.05K | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$343.22K | USD | Point-in-time |
| Common stock issued for 10% dividend payment pursuant to Series A preferred stock Subscription Agreements |
StockIssuedDuringPeriodValueStockDividend
|
- | USD | 1 Quarter |
| Issuance of Series E preferred Stock ($0.40/share) |
StockIssuedDuringPeriodValueOther
|
$200.00K | USD | 1 Quarter |
| Stock option vesting expense |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$-14.76K | USD | 1 Quarter |
| Warrant valuation offering cost |
AdjustmentsToAdditionalPaidInCapitalOther
|
$7.34K | USD | 1 Quarter |
| Warrants issued for services |
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
$95.55K | USD | 1 Quarter |
| Units issued for cash ($0.40/share) |
StockIssuedDuringPeriodValueNewIssues
|
$634.50K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-683.25K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-1.04M | USD | 1 Quarter |
| Balance |
StockholdersEquity
|
$221.05K | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$343.22K | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.