Myriad Interactive Media (MYRY) 10-Q 19 Feb 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	6 Months Ended
	Dec. 31, 2013	Feb. 19, 2014
Document and Entity Information:	'	'
Entity Registrant Name	'Myriad Interactive Media, Inc.	'
Document Type	'10-Q	'
Document Period End Date	31-Dec-13	'
Amendment Flag	'false	'
Entity Central Index Key	'0001096555	'
Current Fiscal Year End Date	'--06-30	'
Entity Common Stock, Shares Outstanding	'	129,227,032
Entity Public Float	'	$129,227,032
Entity Filer Category	'Smaller Reporting Company	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'Yes	'
Entity Well-known Seasoned Issuer	'Yes	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'

Balance_Sheets

Balance Sheets (USD $)	Dec. 31, 2013	Jun. 30, 2013
ASSETS	'	'
Cash	$3,211	$3,340
Accounts receivable	1,179	5,218
Deposits	950	950
Prepaid expenses	5,700	17,100
Total Current Assets	11,040	26,608
PROPERTY AND EQUIPMENT, net	2,657	3,475
INTANGIBLE ASSETS, net	258,569	221,507
TOTAL ASSETS	272,266	251,590
Accounts payable and accrued expenses	92,392	68,392
Accrued expenses, related party	106,405	53,987
Convertible debt, net	30,136	122,500
Derivative liability	59,557	'
Due to shareholder	18,711	18,711
Total Current Liabilities	307,201	263,590
Notes payable	'	166,250
TOTAL LIABILITIES	307,201	429,840
Common stock; 500,000,000 shares authorized, at $0.001 par value, 116,107,358 and 75,401,892 shares issued and outstanding, respectively	116,506	75,401
Additional paid-in capital	12,417,020	12,154,717
Deferred compensation	-24,449	-72,299
Accumulated other comprehensive loss	7,803	11,754
Accumulated deficit	-12,551,815	-12,347,823
TOTAL STOCKHOLDERS' DEFICIT	-34,935	-178,250
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$272,266	$251,590

Statements_of_Operations_and_O

Statements of Operations and Other Comprehensive Income (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
REVENUES	'	'	'	'
REVENUES	$19,185	$27,770	$38,049	$33,803
Professional fees	62,160	32,653	123,353	258,162
General and administrative	35,624	21,829	59,585	51,033
Stock-based compensation	'	'	20,994	'
Depreciation and amortization	24,260	254	47,133	516
Total Operating Expenses	122,044	54,736	251,065	309,711
LOSS FROM OPERATIONS	-102,859	-26,966	-213,016	-275,908
Gain on debt settlement	169,715	'	169,715	'
Amortization of debt discount	-43,482	'	-95,636	'
Value of derivative liability	1,597	'	-2,138	'
Derivative expense	-19,919	'	-56,120	'
Interest expense	-2,772	-847	-6,797	-1,425
Total Other Income (Expense)	105,139	-847	9,024	-1,425
NET INCOME (LOSS)	2,280	-27,813	-203,992	-277,333
Foreign currency translation adjustment	330	'	3,951	'
Total Other Comprehensive Income (Loss)	330	'	3,951	'
COMPREHENSIVE INCOME (LOSS)	$2,610	($27,813)	($200,041)	($277,333)
INCOME (LOSS) PER SHARE, BASIC AND FULLY DILUTED	$0	$0	$0	($0.01)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	186,937,885	50,518,470	99,801,396	50,518,470

Statements_of_Cash_Flows

Statements of Cash Flows (USD $)	6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
OPERATING ACTIVITIES	'	'
Net loss	($203,992)	($277,333)
Stock-based compensation	20,994	44,436
Common stock and warrants issued for services	'	139,891
Change in depreciation and amortization	47,133	529
Amortization of deferred compensation	47,850	'
Change in Amortization of debt discount	95,636	'
Change in Derivative expense	56,120	'
Change in value of derivative liability	2,138	'
Change in Gain on debt settlement	-169,715	'
(Increase) decrease in accounts receivable	4,039	-3,650
Decrease in prepaid expenses	11,400	'
Increase (Decrease) in accounts payable and accrued expenses	27,400	-1,305
Increase in accrued expenses, related party	52,418	20,990
Net Cash Used in Operating Activities	-8,579	-76,442
Purchase of intangible assets	-34,627	'
Purchase of property and equipment	'	-95
Net Cash Used in Investing Activities	-34,627	-95
Proceeds from common stock	11,063	'
Proceeds from convertible debt	32,500	65,000
Proceeds from shareholder loans	'	12,418
Net Cash Provided by Financing Activities	43,563	77,418
Exchange rate effect on cash	-486	'
NET INCREASE (DECREASE) IN CASH	-129	881
CASH AT BEGINNING OF YEAR	3,340	5,579
CASH AT END OF PERIOD	3,211	6,460
Interest	12	'
Common stock issued for conversion of debt and interest	10140000.00%	'
Common stock issued for purchase of intangible asset	48,750	'
Beneficial conversion feature recorded in connection with convertible debt	$121,201	'

Description_of_Business_Histor

Description of Business, History and Summary of Significant Policies	6 Months Ended
	Dec. 31, 2013
Notes	'
Description of Business, History and Summary of Significant Policies	'
	NOTE 1 – DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT POLICIES
	Description of Business
	Myriad Interactive Media, Inc. (referred to as the “Company”) is involved in the e-business industry. It provides end-to-end, e-business solutions to businesses interested in doing e-tailing (selling of retail goods on the Internet).
	History
	The Company was incorporated in Nevada on April 23, 1990, as Investor Club of the United States. The name was changed to Noble Financing Group Inc. (in 1992), then to Newman Energy Technologies Incorporated (1998), then World Star Asia, Inc. (1998), Comgen Corp. (1998) and then to Planet411.com Corporation on February 11, 1999 to reflect its then current business objectives. Planet411.com Inc. was incorporated on July 13, 1999. Planet411.com Corporation was merged with and into Planet411.com Inc. (referred to as the “Company”) on October 6, 1999 for the sole purpose of changing the Company's jurisdiction of incorporation to Delaware. On July 18, 2007, the Company filed a Certificate of Merger with the Secretary of State of Delaware in order to effectuate a merger whereby the Company (as Planet411.com Inc.) would merge with its wholly-owned subsidiary, Ivany Mining Inc., as a parent/ subsidiary merger with the Company as the surviving corporation. This merger, which became effective as of July 18, 2007, was completed pursuant to Section Title 8, Section 251(c) of the Delaware General Corporation Law. Upon completion of this merger, the Company's name was changed to "Ivany Mining Inc." and the Company's Articles of Incorporation have been amended to reflect this name change. On February 16, 2010 the Company’s name was changed to Ivany Nguyen, Inc. On July 6, 2011 the Company’s name was changed to Myriad Interactive Media, Inc.
	Basis of Presentation
	The accompanying interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s Form 10-K filed with the SEC as of and for the year ended June 30, 2013. In the opinion of management, all adjustments necessary in order for the financial statements to be not misleading have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results expected for the full year. The Company has adopted a June 30 year end.
	Foreign Currency Translation
	The functional currency of the Company is the U.S. Dollar. Accordingly, assets and liabilities of the subsidiary are translated into U.S. dollars at period-end exchange rates. Revenues and expenses are translated at the average exchange rates in effect for the period. The resulting translation gains or losses are recorded as a component of accumulated other comprehensive income in the consolidated statement of stockholders’ equity. For the periods ended December 31, 2013 and June 30, 2013, the Company recognized a gain on translation adjustment in the amount of $3,951 and $11,754, respectively.
	Comprehensive Loss
	Total comprehensive loss represents the net change in stockholders' equity during a period from sources other than transactions with stockholders and as such, includes net loss. For the Company, the components of other comprehensive loss are the changes in the cumulative foreign currency translation adjustments.
	Use of Estimates
	The preparation of audited financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
	Cash and Cash Equivalents
	For purposes of financial statement presentation, the Company considers all highly liquid investments with a maturity of three months or less, from the date of purchase, to be cash equivalents.
	Property and Equipment
	Property and equipment is recorded at cost less accumulated depreciation. Depreciation and amortization is calculated using the straight-line method over the expected useful life of the asset, after the asset is placed in service.
	Concentration of Risk
	Financial instruments, which potentially subject us to concentrations of credit risk, consist principally of cash.  The Company’s cash balances are maintained in accounts held by major banks and financial institutions located in the United States.  The Company occasionally maintains amounts on deposit with a financial institution that are in excess of the federally insured limits. The risk is managed by maintaining all deposits in high quality financial institutions.
	Fair Value of Financial Instruments
	The Company has adopted ASC 805, “Disclosure About Fair Value of Financial Instruments”, which requires the Company to disclose, when reasonably attainable, the fair market values of its assets and liabilities which are deemed to be financial instruments. The carrying amounts and estimated fair values of the Company’s financial instruments approximate their fair value due to the short-term nature.
	Revenue Recognition
	Revenues from fixed price contracts and cost-plus-fee contracts are recognized as services are performed. Revenue is recognized at the time of sale if collection is reasonably assured. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required.
	Advertising Costs
	The Company expenses all costs of advertising as incurred.  There were $3,888 and $1,950 of advertising costs incurred during the six months ended December 31, 2013 and year ended June 30, 2013, respectively.
	Share-Based Compensation
	The Company follows the provisions of ASC 718, “Share-Based Payment” which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the income statement based on their fair values.  The Company uses the Black-Scholes pricing model for determining the fair value of stock based compensation. Equity instruments issued to non-employees for goods or services are accounted for at fair value and are marked to market until service is complete or a performance commitment date is reached, whichever is earlier.
	Earnings (loss) per Share
	Basic earnings (loss) per share exclude any dilutive effects of options, warrants and convertible securities. Basic earnings (loss) per share is computed using the weighted-average number of outstanding common stocks during the applicable period. Diluted earnings per share is computed using the weighted-average number of common and common stock equivalent shares outstanding during the period. Common stock equivalent shares are excluded from the computation if their effect is antidilutive.
	Income Taxes
	The Company provides for income taxes under ASC 740 which requires the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax bases of assets and liabilities and the tax rates in effect when these differences are expected to reverse. The Company’s predecessor operated as entity exempt from Federal and State income taxes.
	ASC 740 also requires the reduction of deferred tax assets by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized.
	Prepaid Expenses
	On April 1, 2013 the Company entered into a lease agreement for a term of twelve months. The Company paid $22,800 initially toward the agreement and that amount is being amortized over the term of the lease leaving a balance of $5,700 and $17,100 as prepaid expense as of December 31, 2013 and June 30, 2013, respectively.
	Intangible Assets
	The Company classifies intangible assets into three categories: (1) intangible assets with definite lives subject to amortization, (2) intangible assets with indefinite lives not subject to amortization and (3) goodwill. The Company determines the useful lives of identifiable intangible assets after considering the specific facts and circumstances related to each intangible asset. Factors the Company considers when determining useful lives include the contractual term of any agreement related to the asset, the historical performance of the asset, the Company’s strategy for using the asset, any laws or other local regulations which could impact the useful life of the asset, and other economic factors, including competition and specific market conditions. Intangible assets that are deemed to have definite lives are amortized, on a straight-line basis, over their useful lives, which in the case of computer software is generally 4 years.
	Accounts Receivable
	The Company establishes provisions for losses on accounts receivable if it determines that it will not collect all or part of the outstanding balance. The Company regularly reviews collectability and establishes or adjusts the allowance as necessary using the specific identification method. At December 31, 2013 and June 30, 2013, no reserve for allowance for doubtful accounts was needed.
	Reclassification
	Certain balances in previously issued financial statements have been reclassified to be consistent with the current period presentation.
	Recent Accounting Pronouncements
	The Company has evaluated recent accounting pronouncements and their adoption has not had or is not expected to have a material impact on the Company’s financial position or statements of operations or cash flows.

Going_Concern

Going Concern	6 Months Ended
	Dec. 31, 2013
Notes	'
Going Concern	'
	NOTE 2 - GOING CONCERN
	The Company's financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and has negative working capital. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.
	In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.
	The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Related_Party_Transactions

Related Party Transactions	6 Months Ended
	Dec. 31, 2013
Notes	'
Related Party Transactions	'
	NOTE 3 – RELATED PARTY TRANSACTIONS
	On April 23, 2012, an officer loaned the Company $1,236. The note bears no interest and is due July 18, 2013. During the year ended June 30, 2013, the Company repaid the entire balance.
	On April 25, 2012, an officer loaned the Company $15,812. The note bears no interest and is due April 25, 2013. During the year ended June 30, 2013, the Company repaid the entire balance.
	On June 26, 2012, an officer loaned the Company $8,708. The note bears no interest and is due June 26, 2013. During the year ended June 30, 2013, the Company repaid the entire balance.
	On July 18, 2012, the Company borrowed $12,418 from a related party in the form of promissory note. The note bears no interest and is due on July 18, 2013.  During the year ended June 30, 2013, the Company issued 1,653,120 for the conversion of $12,418 which extinguished the debt in full. As a result, the Company recorded a loss on the settlement of the debt of $20,644.
	On January 22, 2013, the Company borrowed $9,928 from a related party in the form of promissory note. The note bears interest at 9% per annum and is due on January 22, 2014. The note is collateralized by 1,241,810 shares of the Company’s common stock and has accrued interest in the amount of $842 and $392 as of December 31, 2013 and June 30, 2013, respectively.
	On February 26, 2013 the Company borrowed $8,783 from a related party in the form of promissory note. The note is unsecured, accrues interest at 9% per annum and is due on February 26, 2014. The note has accrued interest in the amount of $669 and $270 as of December 31, 2013 and June 30, 2013, respectively.
	On July 23, 2013 the Company borrowed $3,168 from a related party in the form of promissory note. The note is unsecured, accrues interest at 9% per annum and is due on July 23, 2014. The note has accrued interest in the amount of $127 and $0 as of December 31, 2013 and June 30, 2013, respectively.
	On October 29, 2013 the Company borrowed $3,345 from a related party in the form of promissory note. The note is unsecured, accrues interest at 8% per annum and is due on October 30, 2014. The note has accrued interest in the amount of $47 and $0 as of December 31, 2013 and June 30, 2013, respectively.
	On December 2, 2013 the Company borrowed $471 from a related party in the form of promissory note. The note is unsecured, accrues interest at 8% per annum and is due on December 4, 2014. The note has accrued interest in the amount of $3 and $0 as of December 31, 2013 and June 30, 2013, respectively.
	On December 2, 2013 the Company borrowed $942 from a related party in the form of promissory note. The note is unsecured, accrues interest at 8% per annum and is due on December 2, 2014. The note has accrued interest in the amount of $6 and $0 as of December 31, 2013 and June 30, 2013, respectively.
	An officer of the Company receives $8,000 a month for consulting fees until otherwise modified or cancelled by further action of the board. The Company has a balance due to the officer for consulting services of $96,560 and $53,987 as of December 31, 2013 and June 30, 2013, respectively.

Property_and_Equipment

Property and Equipment	6 Months Ended
	Dec. 31, 2013
Notes	'
Property and Equipment	'
	NOTE 4 – PROPERTY AND EQUIPMENT
	The Company’s property and equipment are comprised of the following on December 31, 2013 and June 30, 2013:
		31-Dec-13	30-Jun-13
	Computer equipment	$             4,910	$             4,910
	Accumulated depreciation	-2,253	-1,435
	Property and equipment, net	$             2,657	$             3,475
	Depreciation expense for the six months ended December 31, 2013 and 2012 was $818 and $516, respectively.

Intangible_Assets

Intangible Assets	6 Months Ended
	Dec. 31, 2013
Notes	'
Intangible Assets	'
	Intangible Assets
	The Company classifies intangible assets into three categories: (1) intangible assets with definite lives subject to amortization, (2) intangible assets with indefinite lives not subject to amortization and (3) goodwill. The Company determines the useful lives of identifiable intangible assets after considering the specific facts and circumstances related to each intangible asset. Factors the Company considers when determining useful lives include the contractual term of any agreement related to the asset, the historical performance of the asset, the Company’s strategy for using the asset, any laws or other local regulations which could impact the useful life of the asset, and other economic factors, including competition and specific market conditions. Intangible assets that are deemed to have definite lives are amortized, on a straight-line basis, over their useful lives, which in the case of computer software is generally 4 years.

Convertible_Notes_Payable

Convertible Notes Payable	6 Months Ended
	Dec. 31, 2013
Notes	'
Convertible Notes Payable	'
	NOTE 6 – CONVERTIBLE NOTES PAYABLE
	As of December 31, 2013 and June 30, 2013, respectively, the Company had an outstanding balance, net of the debt discount of $30,136 and $122,500. As of December 31, 2013 and June 30, 2013, the total outstanding accrued interest on the convertible notes payable was $3,576 and $1,223, respectively.
	On July 31, 2012, the Company issued a convertible promissory note in the amount of $42,500.  The note was due on May 2, 2013 and bore interest at 8% per annum. The loan was secured by shares of the Company’s common stock. The loan became convertible 180 days after the date of the note. The loan and any accrued interest could then be converted into shares of the Company’s common stock at a rate of 55% multiplied by the market price, which is the average of the lowest three (3) trading prices for the common stock during the ten (10) trading day period ending on the latest complete trading day prior to the conversion date. During the year ended June 30, 2013, the Company converted $42,500 of debt and $1,700 of accrued interest into 5,658,636 shares of common stock fully extinguishing the debt.
	On October 23, 2012, the Company issued a convertible promissory note in the amount of $22,500.  The note was due on July 25, 2013 and bore interest at 8% per annum. The loan was secured by shares of the Company’s common stock. The loan became convertible 180 days after the date of the note. The loan and any accrued interest could then be converted into shares of the Company’s common stock at a rate of 55% multiplied by the market price, which is the average of the lowest three (3) trading prices for the common stock during the ten (10) trading day period ending on the latest complete trading day prior to the conversion date. During the year ended June 30, 2013, the Company converted $22,500 of debt and $900 of accrued interest into 3,946,666 shares of common stock fully extinguishing the debt.
	On February 4, 2013, the Company issued a convertible promissory note in the amount of $37,500.  The note was due on November 6, 2013 and bore interest at 8% per annum. The loan was secured by shares of the Company’s common stock. The loan became convertible 180 days after the date of the note. The loan and any accrued interest could then be converted into shares of the Company’s common stock at a rate of 55% multiplied by the market price, which is the average of the lowest three (3) trading prices for the common stock during the ten (10) trading day period ending on the latest complete trading day prior to the conversion date. During the three months ended September 30, 2013, the Company converted $37,500 of debt and $1,500 of accrued interest into 6,823,460 shares of common stock fully extinguishing the debt.
	On March 19, 2013, the Company issued a convertible promissory note in the amount of $47,500.  The note was due on December 26, 2013 and bore interest at 8% per annum. The loan was secured by shares of the Company’s common stock. The loan became convertible 180 days after the date of the note. The loan and any accrued interest could then be converted into shares of the Company’s common stock at a rate of 55% multiplied by the market price, which is the average of the lowest three (3) trading prices for the common stock during the ten (10) trading day period ending on the latest complete trading day prior to the conversion date. During the period ended December 31, 2013, the Company converted $47,500 in debt and $1,900 in accrued interest into 17,950,000 shares of common stock fully extinguishing the debt.
	On June 17, 2013, the Company issued a convertible promissory note in the amount of $37,500. The note is due on March 19, 2014 and bears interest at 8% per annum. The loan is secured by shares of the Company’s common stock. The loan became convertible 180 days after the date of the note. The loan and any accrued interest can then be converted into shares of the Company’s common stock at a rate of 55% multiplied by the market price, which is the average of the lowest three (3) trading prices for the common stock during the ten (10) trading day period ending on the latest complete trading day prior to the conversion date. During the period ended December 31, 2013, the Company converted $13,000 of the balance into 4,482,759 shares of common stock.
	On August 12, 2013, the Company issued a convertible promissory note in the amount of $32,500. The note is due on May 12, 2014 and bears interest at 8% per annum. The loan is secured by shares of the Company’s common stock. The loan becomes convertible 180 days after date of the note. The loan and any accrued interest can then be converted into shares of the Company’s common stock at a rate of 55% multiplied by the market price, which is the average of the lowest three (3) trading prices for the common stock during the ten (10) trading day period ending on the latest complete trading day prior to the conversion date.
	During the period ended December 31, 2013, the Company converted $98,000 of debt and $3,400 of accrued interest into 29,256,219 shares of common stock.

Derivative_Liability

Derivative Liability	6 Months Ended
	Dec. 31, 2013
Notes	'
Derivative Liability	'
	NOTE 7– DERIVATIVE LIABILITY
	In accordance with AC 815, the Company has bifurcated the conversion feature of their convertible notes and recorded a derivative liability on the date each note became convertible.  The derivative liability was then revalued on each reporting date.
	On February 4, 2013, March 19, 2013, June 17, 2013 and August 12, 2013, the Company issued convertible promissory notes in the amounts of $37,500, $47,500, $37,500 and $32,500 respectively.  The loans becomes convertible 180 days after the date of the note into shares of the Company’s common stock at a rate of 55% multiplied by the market price, which is the average of the lowest three (3) trading prices for the common stock during the ten (10) trading day period ending on the latest complete trading day prior to the conversion date.
	The Company uses the Black-Scholes option pricing model to value the derivative liability.  Included in the model to value the derivative liabilities of the above loans are the following assumptions: stock price at valuation date of $0.017 - $0.0075, exercise price of $0.0041 - $0.00935, dividend yield of zero, years to maturity of 0.5, a risk free rate of 0.12% - 0.13%, and annualized volatility of 282% - 385%. The above loans were all discounted in full based on the valuations and the Company recognized an additional derivative expense of $56,120 upon recording of the derivative liabilities.  The February 4, 2013 and March 19, 2013 notes were fully converted and the entire debt discount was amortized as of December 31, 2013. Once the loans are fully converted, the remaining derivative liability is reclassified to equity as additional paid-in capital.
	ASC 815 requires Company management to assess the fair market value of certain derivatives at each reporting period and recognize any change in the fair market value as another income or expense item.  The Company’s only asset or liability measured at fair value on a recurring basis is its derivative liability associated with the above convertible debt.  During the year ended June 30, 213, the Company recorded a derivative liability of $81,022 in relation to the two aforementioned promissory notes. As of June 30, 2013, both promissory notes were completely converted into shares of common stock and the Company wrote off $76,646 of the derivative liability to additional paid in capital.
	At December 31, 2013, the Company revalued the remaining convertible notes balances and has recorded a derivative liability of $59,557.

Note_Payable

Note Payable	6 Months Ended
	Dec. 31, 2013
Notes	'
Note Payable	'
	NOTE 8 – NOTE PAYABLE
	On September 19, 2012, the Company entered into a note payable agreement with one of its vendors as part of a purchase agreement to acquire all rights to a social media software application from the vendor with an effective date of October 1, 2012. The promissory note in the amount of CAD $175,000 bears no interest and is due on October 1, 2014. The Company’s obligation to repay the note in full is conditional upon the Company generating a minimum of $500,000 in sales of the social media software application on or before the due date of October 1, 2014. If the Company does not generate the minimum required sales, the note shall be re-paid on a pro rata basis provided a minimum of $250,000 in sales is generated on or before the due date. The denomination specified in the agreement is CAD, therefore, the Company will translate the CAD into its base currency of USD each period and will record any changes to other comprehensive income.
	During the period ended December 31, 2013 the Company received forgiveness of the entire note payable of $169,715.  As of December 31, 2013 and June 30, 2013, the outstanding note payable balance was $0 and $166,250, respectively.

Capital_Stock_Transactions

Capital Stock Transactions	6 Months Ended
	Dec. 31, 2013
Notes	'
Capital Stock Transactions	'
	NOTE 9 – CAPITAL STOCK TRANSACTIONS
	Preferred stock
	The authorized preferred stock is 10,000,000 shares with a par value of $0.001. As of December 31, 2013 and June 30, 2013, the Company has no shares of preferred stock issued or outstanding.
	Common stock
	The authorized common stock is 200,000,000 shares with a par value of $0.001. As of December 31, 2013 and June 30, 2013, 107,607,358 and 75,401,892 shares were issued and outstanding, respectively.
	During the year ended June 30, 2012, the Company issued 456,131 shares of common stock with 456,131 attached warrants for $45,613. The warrants were exercisable for a one year period at an exercise price of $0.15 and expired unexercised. The Company valued these warrants using the Black-Scholes valuation model using the assumptions detailed in Note 10 and attributed a total of $26,007 of the total $45,613 proceeds to the warrants based on their relative fair value.
	During the year ended June 30, 2013, the Company issued 1,625,000 shares of common stock for cash proceeds of $32,500.
	During the year ended June 30, 2013, the Company issued 7,000,000 shares of common stock for services valued at $110,750. The Company recorded $72,299 to deferred compensation and is amortizing that amount over the term of the service contracts.
	During the year ended June 30, 2013 the company issued 9,605,302 shares of common stock for conversion of $65,000, of debt and $2,600 of accrued interest.
	Additionally, the Company converted a shareholder loan to common stock during the year ended June 30, 2013.  The loan of $12,418 was converted into 1,653,120 common shares.  The stock was issued at a price below market value so a loss on the conversion of $20,644 was recorded.
	During the year ended June 30, 2013, the Company issued 5,000,000 shares of common stock valued at $75,000 for the purchase of intangible assets.
	On July 22, 2013, the Company issued 7,500,000 shares of common stock valued at $48,750 for the purchase of intangible assets.  The Company also issued 1,000,000 shares of common stock valued at $6,500 for advisory services that were fully performed at that date.
	During the period ended December 31, 2013 the company issued 29,256,219 shares of common stock for conversion of $98,000, of debt and $3,400 of accrued interest.
	During the period ended December 31, 2013 the company issued 777,778 shares of common stock in a cashless exchange of 1,000,000 options.
	During the period ended December 31, 2013 the company cancelled and retired 41,131 shares of common stock when it found that those shares had been issued in duplicate and therefore in error.

Stock_Options_and_Warrants

Stock Options and Warrants	6 Months Ended
	Dec. 31, 2013
Notes	'
Stock Options and Warrants	'
	NOTE 10 – STOCK OPTIONS AND WARRANTS
	The estimated value of the compensatory common stock purchase warrants granted to non-employees in exchange for services and financing expenses is determined using the Black-Scholes evaluation model.
	During the year ended June 30, 2013, the Company issued 3,000,000 options for services performed by consultants. These options have a one year life and an exercise price of $0.10 and were valued at a total of $32,545. The Company calculated a relative fair value for these options based on a volatility of 238%, a risk-free interest rate of .17% and a stock price on the date of issuance of $0.02.
	On August 14, 2013 the Company granted stock options for 1,000,000 shares of common stock to a consultant for professional fees.  The Company calculated a relative fair value for these options of $14,494, based on a volatility of 279%, a risk-free interest rate of .36% and a stock price on the date of issuance of $0.0149.  These options had an expiration date of August 14, 2015, however, they were fully exercised on August 22, 2013.
	On October 7, 2013, the Company’s Board of Directors received the written consent of stockholders in lieu of a special meeting, dated August 23, 2013 to amend the Company’s Articles of Incorporation to increase the number of
	authorized shares of the common stock from two hundred million (200,000,000) shares to five hundred million (500,000,000) shares.
	Changes in stock options as of December 31, 2013 are as follows:
		Number of Options	Weighted Average Exercise Price	Value if Exercised
	Outstanding, June 30, 2012	1,000,000	$                         0.20	$         200,000
	Granted	3,000,000	0.1	300,000
	Exercised	-	-	-
	Cancelled	-	-	-
	Expired	-4,000,000	-	-
	Outstanding, June 30, 2013	-	-	-
	Granted	1,000,000	0.05	50
	Exercised	-1,000,000	0.05	-50,000
	Cancelled	-	-	-
	Expired	-	-	-
	Outstanding, December 31, 2013	-	$                               -	$                     -
	Changes in stock purchase warrants as of December 31, 2013 are as follows:
		Number of Warrants	Weighted Average Exercise Price	Value if Exercised
	Outstanding, June 30, 2012	24,475,744	$                         0.11	$      2,620,381
	Granted	-	-	-
	Exercised	-	-	-
	Cancelled	-	-	-
	Expired	-24,475,744	-	-
	Outstanding, June 30, 2013	-	-	-
	Granted	-	-	-
	Exercised	-	-	-
	Cancelled	-	-	-
	Expired	-	-	-
	Outstanding, December 31, 2013	-	$                               -	$                     -
	There were not any stock purchase warrants outstanding at December 31, 2013.

Commitments

Commitments	6 Months Ended
	Dec. 31, 2013
Notes	'
Commitments	'
	NOTE 11 – COMMITMENTS
	On June 7, 2013, the Company entered into a consulting agreement for twelve months of services for a total of $52,000. The agreement calls for the following: months one and two: $10,000 per month; months three and four: $4,000 per month; and months five through twelve: $3,000 per month.  The consultant terminated this agreement on July 7, 2013 and no remaining payments will be made.

Foreign_Currency_Translation

Foreign Currency Translation	6 Months Ended
	Dec. 31, 2013
Notes	'
Foreign Currency Translation	'
	NOTE 12 – FOREIGN CURRENCY TRANSLATION
	Due to the fact that the Company’s functional currency is the U.S. Dollar and its reporting currency is the U.S. dollar, the Company must recognize the effects of variations in foreign currency exchange rates as gains and losses as a component of other comprehensive income (loss), pursuant to ASC 830 “Foreign Currency Translation.” To calculate this other comprehensive income and loss, the Company utilizes the “current method,” whereby assets and liabilities carried in Canadian dollars are translated into U.S. dollars at the exchange rate at the balance sheet date.
	During the six months ended December 31, 2013, the Company recognized other comprehensive losses of $3,951.

Income_Taxes

Income Taxes	6 Months Ended
	Dec. 31, 2013
Notes	'
Income Taxes	'
	Income Taxes
	The Company provides for income taxes under ASC 740 which requires the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax bases of assets and liabilities and the tax rates in effect when these differences are expected to reverse. The Company’s predecessor operated as entity exempt from Federal and State income taxes.
	ASC 740 also requires the reduction of deferred tax assets by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized.

Subsequent_Events

Subsequent Events	6 Months Ended
	Dec. 31, 2013
Notes	'
Subsequent Events	'
	NOTE 14 – SUBSEQUENT EVENTS
	During January 2014, the Company has extinguished the remainder of the convertible debt and interest with the issuance of 6,931,818 common shares of stock.
	In accordance with ASC 855-10, the Company has analyzed its operations subsequent to December 31, 2013 through the date these financial statements were issued and has determined that it does not have any material subsequent events to disclose in these financial statements other than the events described above.

Description_of_Business_Histor1

Description of Business, History and Summary of Significant Policies: Description of Business (Policies)	6 Months Ended
	Dec. 31, 2013
Policies	'
Description of Business	'
	Description of Business
	Myriad Interactive Media, Inc. (referred to as the “Company”) is involved in the e-business industry. It provides end-to-end, e-business solutions to businesses interested in doing e-tailing (selling of retail goods on the Internet).

Description_of_Business_Histor2

Description of Business, History and Summary of Significant Policies: History (Policies)	6 Months Ended
	Dec. 31, 2013
Policies	'
History	'
	History
	The Company was incorporated in Nevada on April 23, 1990, as Investor Club of the United States. The name was changed to Noble Financing Group Inc. (in 1992), then to Newman Energy Technologies Incorporated (1998), then World Star Asia, Inc. (1998), Comgen Corp. (1998) and then to Planet411.com Corporation on February 11, 1999 to reflect its then current business objectives. Planet411.com Inc. was incorporated on July 13, 1999. Planet411.com Corporation was merged with and into Planet411.com Inc. (referred to as the “Company”) on October 6, 1999 for the sole purpose of changing the Company's jurisdiction of incorporation to Delaware. On July 18, 2007, the Company filed a Certificate of Merger with the Secretary of State of Delaware in order to effectuate a merger whereby the Company (as Planet411.com Inc.) would merge with its wholly-owned subsidiary, Ivany Mining Inc., as a parent/ subsidiary merger with the Company as the surviving corporation. This merger, which became effective as of July 18, 2007, was completed pursuant to Section Title 8, Section 251(c) of the Delaware General Corporation Law. Upon completion of this merger, the Company's name was changed to "Ivany Mining Inc." and the Company's Articles of Incorporation have been amended to reflect this name change. On February 16, 2010 the Company’s name was changed to Ivany Nguyen, Inc. On July 6, 2011 the Company’s name was changed to Myriad Interactive Media, Inc.

Foreign_Currency_Translation_P

Foreign Currency Translation (Policies)	6 Months Ended
	Dec. 31, 2013
Policies	'
Foreign Currency Translation	'
	Foreign Currency Translation
	The functional currency of the Company is the U.S. Dollar. Accordingly, assets and liabilities of the subsidiary are translated into U.S. dollars at period-end exchange rates. Revenues and expenses are translated at the average exchange rates in effect for the period. The resulting translation gains or losses are recorded as a component of accumulated other comprehensive income in the consolidated statement of stockholders’ equity. For the periods ended December 31, 2013 and June 30, 2013, the Company recognized a gain on translation adjustment in the amount of $3,951 and $11,754, respectively.

Comprehensive_Loss_Policies

Comprehensive Loss (Policies)	6 Months Ended
	Dec. 31, 2013
Policies	'
Comprehensive Loss	'
	Comprehensive Loss
	Total comprehensive loss represents the net change in stockholders' equity during a period from sources other than transactions with stockholders and as such, includes net loss. For the Company, the components of other comprehensive loss are the changes in the cumulative foreign currency translation adjustments.

Use_of_Estimates_Policies

Use of Estimates (Policies)	6 Months Ended
	Dec. 31, 2013
Policies	'
Use of Estimates	'
	Use of Estimates
	The preparation of audited financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Cash_and_Cash_Equivalents_Poli

Cash and Cash Equivalents (Policies)	6 Months Ended
	Dec. 31, 2013
Policies	'
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	For purposes of financial statement presentation, the Company considers all highly liquid investments with a maturity of three months or less, from the date of purchase, to be cash equivalents.

Property_and_Equipment_Policie

Property and Equipment (Policies)	6 Months Ended
	Dec. 31, 2013
Policies	'
Property and Equipment	'
	Property and Equipment
	Property and equipment is recorded at cost less accumulated depreciation. Depreciation and amortization is calculated using the straight-line method over the expected useful life of the asset, after the asset is placed in service.

Concentration_of_Risk_Policies

Concentration of Risk (Policies)	6 Months Ended
	Dec. 31, 2013
Policies	'
Concentration of Risk	'
	Concentration of Risk
	Financial instruments, which potentially subject us to concentrations of credit risk, consist principally of cash.  The Company’s cash balances are maintained in accounts held by major banks and financial institutions located in the United States.  The Company occasionally maintains amounts on deposit with a financial institution that are in excess of the federally insured limits. The risk is managed by maintaining all deposits in high quality financial institutions.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments (Policies)	6 Months Ended
	Dec. 31, 2013
Policies	'
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments
	The Company has adopted ASC 805, “Disclosure About Fair Value of Financial Instruments”, which requires the Company to disclose, when reasonably attainable, the fair market values of its assets and liabilities which are deemed to be financial instruments. The carrying amounts and estimated fair values of the Company’s financial instruments approximate their fair value due to the short-term nature.

Revenue_Recognition_Policies

Revenue Recognition (Policies)	6 Months Ended
	Dec. 31, 2013
Policies	'
Revenue Recognition	'
	Revenue Recognition
	Revenues from fixed price contracts and cost-plus-fee contracts are recognized as services are performed. Revenue is recognized at the time of sale if collection is reasonably assured. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required.

Advertising_Costs_Policies

Advertising Costs (Policies)	6 Months Ended
	Dec. 31, 2013
Policies	'
Advertising Costs	'
	Advertising Costs
	The Company expenses all costs of advertising as incurred.  There were $3,888 and $1,950 of advertising costs incurred during the six months ended December 31, 2013 and year ended June 30, 2013, respectively.

Sharebased_Compensation_Polici

Share-based Compensation (Policies)	6 Months Ended
	Dec. 31, 2013
Policies	'
Share-based Compensation	'
	Share-Based Compensation
	The Company follows the provisions of ASC 718, “Share-Based Payment” which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the income statement based on their fair values.  The Company uses the Black-Scholes pricing model for determining the fair value of stock based compensation. Equity instruments issued to non-employees for goods or services are accounted for at fair value and are marked to market until service is complete or a performance commitment date is reached, whichever is earlier.

Earnings_loss_Per_Share_Polici

Earnings (loss) Per Share (Policies)	6 Months Ended
	Dec. 31, 2013
Policies	'
Earnings (loss) Per Share	'
	Earnings (loss) per Share
	Basic earnings (loss) per share exclude any dilutive effects of options, warrants and convertible securities. Basic earnings (loss) per share is computed using the weighted-average number of outstanding common stocks during the applicable period. Diluted earnings per share is computed using the weighted-average number of common and common stock equivalent shares outstanding during the period. Common stock equivalent shares are excluded from the computation if their effect is antidilutive.

Income_Taxes_Policies

Income Taxes (Policies)	6 Months Ended
	Dec. 31, 2013
Policies	'
Income Taxes	'
	Income Taxes
	The Company provides for income taxes under ASC 740 which requires the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax bases of assets and liabilities and the tax rates in effect when these differences are expected to reverse. The Company’s predecessor operated as entity exempt from Federal and State income taxes.
	ASC 740 also requires the reduction of deferred tax assets by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized.

Prepaid_Expenses_Policies

Prepaid Expenses (Policies)	6 Months Ended
	Dec. 31, 2013
Policies	'
Prepaid Expenses	'
	Prepaid Expenses
	On April 1, 2013 the Company entered into a lease agreement for a term of twelve months. The Company paid $22,800 initially toward the agreement and that amount is being amortized over the term of the lease leaving a balance of $5,700 and $17,100 as prepaid expense as of December 31, 2013 and June 30, 2013, respectively.

Intangible_Assets_Policies

Intangible Assets (Policies)	6 Months Ended
	Dec. 31, 2013
Policies	'
Intangible Assets	'
	Intangible Assets
	The Company classifies intangible assets into three categories: (1) intangible assets with definite lives subject to amortization, (2) intangible assets with indefinite lives not subject to amortization and (3) goodwill. The Company determines the useful lives of identifiable intangible assets after considering the specific facts and circumstances related to each intangible asset. Factors the Company considers when determining useful lives include the contractual term of any agreement related to the asset, the historical performance of the asset, the Company’s strategy for using the asset, any laws or other local regulations which could impact the useful life of the asset, and other economic factors, including competition and specific market conditions. Intangible assets that are deemed to have definite lives are amortized, on a straight-line basis, over their useful lives, which in the case of computer software is generally 4 years.

Accounts_Receivable_Policies

Accounts Receivable (Policies)	6 Months Ended
	Dec. 31, 2013
Policies	'
Accounts Receivable	'
	Accounts Receivable
	The Company establishes provisions for losses on accounts receivable if it determines that it will not collect all or part of the outstanding balance. The Company regularly reviews collectability and establishes or adjusts the allowance as necessary using the specific identification method. At December 31, 2013 and June 30, 2013, no reserve for allowance for doubtful accounts was needed.

Reclassification_Policies

Reclassification (Policies)	6 Months Ended
	Dec. 31, 2013
Policies	'
Reclassification	'
	Reclassification
	Certain balances in previously issued financial statements have been reclassified to be consistent with the current period presentation.