Multimedia Platforms (MMPWQ) 10-Q/A 16 Nov 15 2015 Q1 Quarterly report (amended) Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2015	May. 13, 2015
Document And Entity Information
Entity Registrant Name	MULTIMEDIA PLATFORMS INC.
Entity Central Index Key	1,424,328
Document Type	10-Q/A
Document Period End Date	Mar. 31, 2015
Amendment Flag	true
Amendment Description	Multimedia Platforms, Inc. (the "Company", "we", "us" and "our") is filing this Amendment No.1 on Form 10-Q/A (the "Amended Report") to the Quarterly Report on Form 10-Q of Multimedia Platforms, Inc. for the quarterly period ended March 31, 2015 (the "Original Report"), originally filed with the Securities and Exchange Commission (the "SEC") on May 27, 2015. The purpose of the Amended Report is to correct certain errors related to the method of accounting of the Company's convertible notes and detachable warrants contained in the financial statements and related disclosures contained in the Original Report, as described in Note 1 – Restatement.
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		35,345,653
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,015

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Restated) - USD ($)		Mar. 31, 2015		Dec. 31, 2014
Current Assets
Cash				$ 9,232
Accounts receivable				38,866
Other current assets				1,321,081
Total current assets				$ 1,369,179
Property and equipment, net of accumulated depreciation of $874
Goodwill
Total assets				$ 1,369,179
Current Liabilities
Accounts payable & accrued expenses				211,471
Deferred revenue				$ 1,889
Line of credit
Loan payable - related party	[1]	$ 123,675		$ 116,175
Due to related parties	[1]	160,700		195,575
Accrued interest payable		$ 26,211	[2]	140,900	[3]
Promissory notes				364,727
Convertible promissory notes				$ 182,511	[3]
Convertible notes conversion derivative liability		$ 1,805,461	[2]
Warrant liability		1,375,001	[2]
Total Current Liabilities				$ 1,213,248
Long-term liabilities
Convertible promissory notes, net of discount of $539,715
Loan
Total long-term liabilities
TOTAL LIABILITIES				$ 1,213,248
Stockholders' equity
Series A Preferred stock, $0.001 par value 40,000,000 shares authorized; issued and outstanding 27,212,694 and 0 at March 31, 2015 and December 31, 2014, respectively.
Series B Preferred stock, $0.001 par value 4,000,000 shares authorized; issued and outstanding 4,000,000 and 0 at March 31, 2015 and December 31, 2014, respectively.
Common stock, $0.001 par value 300,000,000 shares authorized; issued and outstanding 35,142,853 and 30,748,969 at March 31, 2015 and December 31, 2014, respectively.				$ 30,749
Additional paid-in capital				495,298
Accumulated (deficit)				(370,116)
Total stockholders' equity (deficit)		(2,447,976)		155,931
Total liabilities and stockholders' equity (deficit)				1,369,179
Restated [Member]
Current Assets
Cash		335,963		9,232
Accounts receivable		105,030
Other current assets		5,985
Total current assets		446,978
Property and equipment, net of accumulated depreciation of $874		25,329
Goodwill		750,000
Total assets		1,222,307
Current Liabilities
Accounts payable & accrued expenses		$ 86,698
Deferred revenue
Line of credit		$ 60,665
Loan payable - related party		123,675
Due to related parties		160,700
Accrued interest payable		$ 26,211
Promissory notes
Convertible promissory notes
Convertible notes conversion derivative liability		$ 1,805,461		1,805,461
Warrant liability		1,375,001		1,375,001
Total Current Liabilities		3,638,411		3,638,411
Long-term liabilities
Convertible promissory notes, net of discount of $539,715		10,285
Loan		21,587
Total long-term liabilities		31,872
TOTAL LIABILITIES		3,670,283		3,670,283
Stockholders' equity
Series A Preferred stock, $0.001 par value 40,000,000 shares authorized; issued and outstanding 27,212,694 and 0 at March 31, 2015 and December 31, 2014, respectively.		27,213
Series B Preferred stock, $0.001 par value 4,000,000 shares authorized; issued and outstanding 4,000,000 and 0 at March 31, 2015 and December 31, 2014, respectively.		4,000
Common stock, $0.001 par value 300,000,000 shares authorized; issued and outstanding 35,142,853 and 30,748,969 at March 31, 2015 and December 31, 2014, respectively.		35,142
Additional paid-in capital		4,449,910		4,449,910
Accumulated (deficit)		(6,964,241)		(6,964,241)
Total stockholders' equity (deficit)		(2,447,976)		(2,447,976)
Total liabilities and stockholders' equity (deficit)		$ 1,222,307		$ 1,222,307
[1]	Non-interest bearing advances by related parties used to cover operations and overhead costs not covered by advertising revenues.
[2]	Related to our financing of up to $2.5 million from the issuance of 9% convertible promissory notes and detachable warrants to various parties as described below under Financing of up to $2.5 million.
[3]	Pre Merger debt as of December 31, 2014 that was settled in connection with the Merger by the issuance of 4 million shares of Series B Preferred stock.

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Restated) (Parenthetical) - USD ($)	Mar. 31, 2015	Dec. 31, 2014
Current Assets
Property and equipment, net of accumulated depreciation	$ 874
Long-term liabilities
Convertible promissory notes, net of discount	$ 539,715
Stockholders' Deficit
Common stock, par value per share	$ 0.001	$ 0.001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	35,142,853	30,748,969
Common stock, shares outstanding	35,142,853	30,748,969
Series A Preferred stock, par value	$ 0.001	$ 0.001
Series A Preferred stock, shares authorized	40,000,000	40,000,000
Series A Preferred stock, shares issued	27,212,694	0
Series A Preferred stock, shares outstanding	27,212,694	0
Series B Preferred stock, par value	$ 0.001	$ 0.001
Series B Preferred stock, shares authorized	4,000,000	4,000,000
Series B Preferred stock, shares issued	4,000,000	0
Series B Preferred stock, shares outstanding	4,000,000	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income
Net Revenue	$ 189,635	$ 146,532
Cost of sales		59,891
Gross profit		86,641
Operating expenses
General and administrative		95,470
Sales and marketing		$ 12,380
Goodwill impairment	2,729,834
Total operating expenses		$ 107,850
Loss from operations	(3,927,167)	$ (21,209)
Other Income and (Expense)
Interest expense
Amortization of debt discount
Change in fair value of convertible notes conversion derivative liability
Change in fair value of warrant liability
Total non-operating expense
Earnings before taxes		$ (21,209)
Provision for income taxes
Net loss	$ (6,594,125)	$ (21,209)
Net (loss) per common share basic	$ (0.20)	$ 0
Weighted average common shares outstanding basic	32,482,799	30,748,969
Restated [Member]
Income
Net Revenue	$ 189,635
Cost of sales	116,976
Gross profit	72,659
Operating expenses
General and administrative	1,209,955
Sales and marketing	60,037
Goodwill impairment	2,729,834
Total operating expenses	3,999,826
Loss from operations	(3,927,167)
Other Income and (Expense)
Interest expense	(26,211)
Amortization of debt discount	(10,285)
Change in fair value of convertible notes conversion derivative liability	(1,255,461)
Change in fair value of warrant liability	(1,375,001)
Total non-operating expense	(2,666,958)
Earnings before taxes	$ (6,594,125)
Provision for income taxes
Net loss	$ (6,594,125)
Net (loss) per common share basic	$ (0.20)
Weighted average common shares outstanding basic	32,482,799

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) (Restated) - 3 months ended Mar. 31, 2015 - USD ($)	Preferred Stock Series A	Preferred Stock Series B	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Beginning Balance, Amount at Dec. 31, 2014			$ 30,749	$ 495,298	$ (370,116)	$ 155,931
Beginning Balance, Shares at Dec. 31, 2014			30,748,969
Shares issued in Merger, Amount	$ 27,213	$ 4,000	$ 1,502	(610,908)		(578,193)
Shares issued in Merger, Shares	27,212,694	4,000,000	1,502,477
Funds reclassified to equity from liabilities for Merger shares issued				138,874		138,874
Shares issued for Columbia Funmap, Inc. acquisition, Amount			$ 2,252	3,455,236		3,457,488
Shares issued for Columbia Funmap, Inc. acquisition, Shares			2,252,250
Shares issued in exchange for services, Amount			$ 639	$ 971,410		972,049
Shares issued in exchange for services, Shares			639,157
Net Income (Loss)					$ (6,594,125)	(6,594,125)
Ending Balance, Amount at Mar. 31, 2015	$ 27,213	$ 4,000	$ 35,142	$ 4,449,910	$ (6,964,241)	$ (2,447,976)
Ending Balance, Shares at Mar. 31, 2015	27,212,694	4,000,000	35,142,853

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Net loss	$ (6,594,125)	$ (21,209)
Adjustments to reconcile net loss to net cash provided (used in) by operating activities:
Depreciation	874
Share based compensation expense	972,049
Impairment of goodwill	2,729,834
Accretion of debt discount
Change in fair value of convertible notes conversion derivative liability
Change in fair value of warrant liability
Changes in assets and liabilities, net of acquisitions:
(Increase) decrease in accounts receivable		$ 17,560
(Increase) decrease in other current assets
Increase (decrease) in accounts payable and accrued expenses		$ 3,649
Increase (decrease) in related party payable
Increase (decrease) in deferred revenue
Increase (decrease) in accrued interest
Net cash provided by (used) in operating activities
Cash flows from investing activities:
Purchase of property, plant and equipment
Cash from acquisitions
Net cash provided by (used) in investing activities
Cash flows from financing activities
Proceeds from convertible promissory notes	550,000
Proceeds from auto loan
Payment of auto loan
Payments of credit line
Net cash provided by (Used) in financing activities
Increase (decrease) in cash
Cash and cash equivalents at beginning of period	9,232
Cash and cash equivalents at end of period
Supplemental disclosures of cash flow information
Cash paid during the year for: Taxes paid
Cash paid during the year for: Interest paid
Non-cash operating activities:
Value of Common Stock issued in exchange for services
Restated [Member]
Cash flows from operating activities:
Net loss	(6,594,125)
Adjustments to reconcile net loss to net cash provided (used in) by operating activities:
Depreciation	874
Share based compensation expense	972,049
Impairment of goodwill	2,729,834
Accretion of debt discount	10,285
Change in fair value of convertible notes conversion derivative liability	1,255,461
Change in fair value of warrant liability	1,375,001
Changes in assets and liabilities, net of acquisitions:
(Increase) decrease in accounts receivable	(1,783)
(Increase) decrease in other current assets	(1,388)
Increase (decrease) in accounts payable and accrued expenses	(14,610)
Increase (decrease) in related party payable	7,500
Increase (decrease) in deferred revenue	(1,889)
Increase (decrease) in accrued interest	26,211
Net cash provided by (used) in operating activities	(236,580)
Cash flows from investing activities:
Purchase of property, plant and equipment	(26,203)
Cash from acquisitions	19,208
Net cash provided by (used) in investing activities	(6,995)
Cash flows from financing activities
Proceeds from convertible promissory notes	550,000
Proceeds from auto loan	22,203
Payment of auto loan	(617)
Payments of credit line	(1,280)
Net cash provided by (Used) in financing activities	570,306
Increase (decrease) in cash	326,731
Cash and cash equivalents at beginning of period	9,232
Cash and cash equivalents at end of period	$ 335,963
Supplemental disclosures of cash flow information
Cash paid during the year for: Taxes paid
Cash paid during the year for: Interest paid
Non-cash operating activities:
Value of Common Stock issued in exchange for services	$ 972,049

Restatement

Restatement	3 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
NOTE 1. Restatement	During the preparation of our fiscal quarter ended September 30, 2015 financial statements, the Company discovered an error in the application of accounting guidance related to our convertible notes and detachable warrants that were issued starting in March 2015. Specifically, the Company measured and recorded the beneficial conversion feature and detachable warrants pursuant to ASC 470-20, Debt with Conversion and Other Options The Company has evaluated the effect of the error on all relevant periods in accordance with Staff Accounting Bulletin ("SAB") 99 and SAB 108 and determined that the impact of the error on its interim financial statements for the fiscal quarter ended March 31, 2015 was sufficiently material to warrant restatement of the Company's Original Report. The line items that have been amended and restated are set forth below: Balance Sheets March 31, 2015 As Previously Reported Adjustment As Restated Liabilities and Shareholders' Equity (Deficit): Convertible notes conversion derivative liability $ - $ 1,805,461 $ 1,805,461 Warrant liability - 1,375,001 1,375,001 Total current liabilities 457,949 3,180,462 3,638,411 Total liabilities 489,821 3,180,462 3,670,283 Additional paid-in capital 4,999,910 (550,000 ) 4,449,910 Accumulated deficit (4,333,779 ) (2,630,462 ) (6,964,241 ) Total shareholders' equity (deficit) 732,486 (3,180,462 ) (2,447,976 ) Total liabilities and shareholders' equity (deficit) $ 1,222,307 $ - $ 1,222,307 Statement of Operations For the Three Months Ended March 31, 2015 As Previously Reported Adjustment As Restated Change in fair value of convertible notes conversion derivative liability $ - $ (1,255,461 ) $ (1,255,461 ) Change in fair value of warrant liability - (1,375,001 ) (1,375,001 ) Total non operating expense (36,496 ) (2,630,462 ) (2,666,958 ) Net loss (3,963,663 ) (2,630,462 ) (6,594,125 ) Net loss per common share (basic and diluted) $ (0.12 ) $ (0.08 ) $ (0.20 ) Statement of Cash Flows For the Three Months Ended March 31, 2015 As Previously Reported Adjustment As Restated Net loss $ (3,963,663 ) $ (2,630,462 ) $ (6,594,125 ) Change in fair value of convertible notes conversion derivative liability - 1,255,461 1,255,461 Change in fair value of warrant liability - 1,375,001 1,375,001 Net cash provided by (used) in operating activities (236,580 ) - (236,580 ) No attempt has been made in this Amended Report to modify or update other disclosures presented in the Original Report, except as required to reflect the effects of the restatement. Information not affected by the restatement is unchanged and reflects the disclosures made at the time of the filing of the Original Report on May 27, 2015. Accordingly, this Amended Report should be read in conjunction with our filings made with the Securities and Exchange Commission subsequent to the filing of the Original Report, including any amendments to those filings. Currently dated certifications from the Company's Chief Executive Officer and Chief Financial Officer have also been included as exhibits to this Form 10-Q/A.

Organization and Going Concern

Organization and Going Concern	3 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
NOTE 2. Organization and Going Concern	Organization Our company's name is Multimedia Platforms, Inc. (formerly known as Sports Media Entertainment Corp.). The Company was incorporated on April 3, 1996 in the State of Nevada as Jubilee Trading Corp. On March 3, 2002, the Company changed its name to PorFavor Corp. From inception until March 2010, we operated as a broker of structural wood materials. On February 4, 2011, The Company acquired ExploreAnywhere Inc. and changed its name to the same. On December 24, 2013, the Company changed its name to Sports Media Entertainment Corp. in anticipation of a future merger. On January 9, 2015, Multimedia Platforms, Inc. (formerly Sports Media Entertainment Corp.) (the "Registrant" and "Legal Acquirer") entered, and on February 2, 2015, closed, a Share Exchange Agreement (the "Merger"), between and among the Company and Multimedia Platforms, LLC, a Florida Limited Liability Corporation ("MMP LLC") ("Accounting Acquirer"), all the members of MMP LLC (the "Members"), Harrison Holdings, LLC and Amalfi Coast Capital (collectively, the "Debt Holders"). Pursuant to the Merger, the Registrant was (i) to issue to the Debt Holders a total of 4,000,000 shares of Series B Convertible Preferred stock in exchange for all the indebtedness of the Company totaling approximately $688,138 as of December 31, 2014; issue (ii) 21,320,832 shares of restricted common stock and (iii) 34,390,199 shares of Series A Convertible Preferred stock (collectively, the "Merger Shares") to the Members in exchange for 100% of the Members interest in MMP LLC. The Merger Shares were adjusted such that 30,748,969 shares of restricted common stock, 27,212,694 shares of Series A Convertible Preferred stock and 4,000,000 shares of Series B Convertible Preferred stock were ultimately issued. The share issuances represent approximately 97.6% of the total issued and outstanding shares of preferred and common stock of the Registrant post-closing. As a result, the Company (i) became the 100% parent of MMP LLC; (ii) assumed the operations of MMP LLC; (iii) changed its name from Sports Media Entertainment Corp. to Multimedia Platforms, Inc.; and (iv) experienced a change in control. The terms and conditions of the Merger give rise to reverse merger accounting whereby MMP LLC is deemed the acquirer for accounting purposes. Consequently, the assets and liabilities and the historical operations of MMP LLC prior to the Merger are reflected in the financial statements and have been recorded at the historical cost basis of MMP LLC. Our financial statements include the assets and liabilities of both the Company and MMP LLC. On January 16, 2015, the Company, with the approval of its board of directors and its majority shareholders by written consent in lieu of a meeting, filed a Certificate of Amendment and Certificate of Change (collectively, the "Amendments") with the Secretary of State of Nevada. As a result of the Amendments, the Company (i) changed its name to Multi Media Platforms, Inc., (ii) authorized a 1:30 (one-for-thirty) reverse-split of its issued and authorized common shares, (iii) authorized 40,000,000 Series A Preferred Stock, par value $0.001, and (iv) authorized 4,000,000 Series B Preferred Stock, par value $0.001. On February 27, 2015, the Company completed the acquisition of Columbia Funmap, Inc., a New Jersey Corporation ("FUNMAP"). The purchase price reflects an enterprise value of approximately $3,479,834, including assumed indebtedness, and was funded from the issuance of 2,252,250 shares of restricted common stock and note totaling $10,000. The acquisition of FUNMAP will allow the Company to gain a distribution foothold in 35 metropolitan areas in North America and acquire control of a respected and vital travel tool for GLBT travelers, including the website www.gayosphere.com. Going Concern The Company's financial statements are prepared using accounting principles generally accepted in the United States of America and applicable to a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. During the three months ended March 31, 2015, the Company recognized net revenue of $189,635. However, the Company incurred a net operating loss of $3,927,167 which includes $2,729,834 of goodwill impairment from the FUNMAP acquisition and $972,049 of stock compensation expense. The Company has negative working capital of $10,971 as of March 31, 2015. During the next 12 months, the Company's foreseeable cash requirements will relate to the operations of its business. The Company may experience a cash shortfall and be required to raise additional capital. Historically, the Company has relied upon internally generated funds and funds from the sale of shares of stock, issuance of promissory notes and loans from its shareholders and private investors to finance its operations and growth. Management may raise additional capital through future public or private offerings of the Company's stock or through debt issuances, although there can be no assurance that it will be able to obtain such financing. The Company's failure to do so could have a material and adverse effect upon it and its shareholders.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
NOTE 3. Summary of Significant Accounting Policies	Basis of Presentation The unaudited financial statements of Multimedia platforms, Inc. as of March 31, 2015, and for the three months ended March 31, 2015 and 2014, have been prepared in accordance with accounting principles generally accepted in the United States for interim financial reporting and include the Company's wholly-owned subsidiaries, Columbia Funmap, Inc. from the date of acquisition on March 1, 2015, and Multimedia Platforms, LLC. Accordingly, they do not include all of the disclosures required by accounting principles generally accepted in the United States for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2014, as filed with the Securities and Exchange Commission as part of the Company's Form 10-K. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation of the interim financial information have been included. The Company did not record an income tax provision during the periods presented due to net taxable losses. The results of operations for any interim period are not necessarily indicative of the results of operations for the entire year. Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. As of March 31, 2015, the Company has a 100% interest in MMP, LLC and a 100% interest in FUNMAP. The results of each of these entities are consolidated with the Company's results from and after their respective acquisition dates based on guidance from the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") No. 810, "Consolidation" ("ASC 810"). Accounting estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles ("GAAP") 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 revenues and expenses during the reporting period. Actual results could differ significantly from those estimates. Cash and cash equivalents The Company maintains cash balances at two financial institutions. The Company considers all highly liquid instruments purchased with an original maturity of three months or less and money market accounts to be cash equivalents. Accounts receivable The Company currently does issue credit on services for one of its national advertisers and its national media brokers who are on 90 day terms. Our collection policy is that payment is due at time of advertising printing. No allowance for doubtful accounts are considered necessary to be established for amounts that may not be recoverable as our collection history is good and write offs have been minimal. Property, plant, and equipment Fixed assets are carried at cost, less accumulated depreciation and amortization. Major improvements are capitalized, while repair and maintenance are expensed when incurred. Renewals and betterments that materially extend the life of the assets are capitalized. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in income for the period. Depreciation is computed for financial statement purposes on a straight-line basis over estimated useful lives of the related assets. The estimated useful lives of depreciable assets are: Estimated Useful Lives Office Equipment 5-10 years Furniture 5 - 7 years Vehicles 5-10 years For federal income tax purposes, depreciation is computed under the modified accelerated cost recovery system. For book purposes, depreciation is computed under the straight-line method. Long-lived assets The Company assesses the recoverability of long-lived assets using an assessment of the estimated undiscounted future cash flows related to such assets. In the event that assets are found to be carried at amounts which are in excess of estimated gross future cash flows, the assets will be adjusted for impairment to a level commensurate with fair value determined using a discounted cash flow analysis of the underlying assets. The Company's property, plant, and equipment consist of a vehicle. Goodwill We evaluate goodwill for impairment annually or more frequently when an event occurs or circumstances change that indicates the carrying value may not be recoverable. We test goodwill for impairment by first comparing the book value of net assets to the fair value of the reporting units. If the fair value is determined to be less than the book value or qualitative factors indicate that it is more likely than not that goodwill is impaired, a second step is performed to compute the amount of impairment as the difference between the estimated fair value of goodwill and the carrying value. We estimate the fair value of the reporting units using discounted cash flows. Forecasts of future cash flows are based on our best estimate of future net sales and operating expenses and general economic conditions. Revenue Recognition MMP LLC follows the guidance of the Securities and Exchange Commission's Staff Accounting Bulletin No. 104 for revenue recognition. Revenue is recognized from one primary source: Advertising. The Company records revenue when all of the following have occurred; (1) upon signing the advertising contract, (2) publication of the advertisement in print or uploaded to be digitally placed on line (3) collectability is reasonably assured. Reported revenues are net of in kind exchanges, barters and discounts. Trade (barter) exchanges for needed services and promotional costs are recorded at the fair market value of the goods and services exchanged. Barter related amounts were immaterial during the years ended December 31, 2014 and 2013, respectively. As a result, no adjustments to the financial statements were deemed necessary. In addition, for financial statement presentation, revenues have been offset by material costs received in such exchanges. Revenue is recognized at the point of sale, with no further obligations. Derivatives - Warrant Liability The Company accounts for the common stock warrants granted and still outstanding as of March 31, 2015 in connection with our 9% Convertible Notes in accordance with the guidance contained in ASC 815-40-15-7F, "Contracts in Entity's Own Equity". Under that provision the Warrants were determined to be ineligible for equity classification due to provisions that may result in an adjustment to their conversion or exercise prices via a down-round feature and must be recorded as a liability. Accordingly, the Company classifies the warrant instrument as a liability at its fair value and adjusts the instrument to fair value at each reporting period. This liability is subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in the Company's statements of operations. The fair value of the warrants issued by the Company in connection with the 9% Convertible Notes has been estimated using a Monte Carlo simulation. The warrant derivative liability balance was $1,375,001 as of March 31, 2015. During the three months ended March 31, 2015, the Company recognized a loss of $1,375,001 in the fair value of warrant related derivatives. Subsequent changes to the fair value of the derivative liabilities will continue to require adjustments to their carrying value that will be recorded as other income (in the event that their value decreases) or as other expense (in the event that their value increases). In general (all other factors being equal), the Company will record income when the market value of the Company's common stock decreases and will record expense when the value of the Company's stock increases. The Company's derivative liability has been measured at fair value at March 31, 2015 using a Monte-Carlo Simulation. Inputs into the model require estimates, including such items as estimated volatility of the Company's stock, estimated probabilities of additional financing, risk-free interest rate, dilution and the estimated life of the financial instruments being fair valued. In addition, since the conversion price contains an anti-dilution adjustment, the probability that the Conversion Price of the warrants would decrease as the share price decreased was also incorporated into the valuation calculation. Derivatives - Bifurcated Conversion Option in Convertible Notes The Company does not use derivative financial instruments to hedge exposures to cash-flow, market or foreign-currency risks. However, the Company has issued Convertible Notes with features that are either (i) not afforded equity classification, (ii) embody risks not clearly and closely related to host contracts, or (iii) may be net-cash settled by the counterparty. As required by ASC 815, Accounting for Derivative Financial Instruments and Hedging Activities, in certain instances, these instruments are required to be carried as derivative liabilities, at fair value, in our financial statements. The convertible notes conversion derivative liability was $1,805,461 as of March 31, 2015. The 9% Convertible Notes issued during the three months ended March 31, 2015 are subject to anti-dilution adjustments that allow for the reduction in the Conversion Price, as defined in the agreement, in the event the Company subsequently issues equity securities including Common Stock or any security convertible or exchangeable for shares of Common Stock for a price less than the current conversion price. The Company bifurcated and accounted for the conversion option in accordance with ASC 815 as a derivative liability, since this conversion feature is not considered to be indexed to the Company's own stock. The Company's derivative liability has been measured at fair value at March 31, 2015 using a Monte-Carlo Simulation. Fair Value of Financial Instruments We adopted ASC Topic 820 for financial instruments measured as fair value on a recurring basis. ASC Topic 820 defines fair value, established a framework for measuring fair value in accordance with accounting principles generally accepted in the United States and expands disclosures about fair value measurements. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 established a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1measurements) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include: Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. Disclosures about fair value of financial instruments, requires disclosure of the fair value information, whether or not recognized in the balance sheet, where it is practicable to estimate that value. As of March 31, 2015, the carrying amounts reported in the condensed consolidated balance sheets for cash and cash equivalents, accounts receivable, accounts payable, accrued expenses, and other current assets and liabilities approximate fair value due to relatively short periods to maturity. The fair value of derivative liabilities is estimated using option pricing models that are based on the individual characteristics of our warrants, common stock, the derivative liability on the valuation date as well as assumptions for volatility, remaining expected life, risk-free interest rate and, in some cases, credit spread. The derivative liabilities are the only Level 3 fair value measures. At March 31, 2015, the estimated Level 3 fair values of the liabilities measured on a recurring basis are as follows: Fair Value Measurements at March 31, 2015 Carrying (Level 1) (Level 2) (Level 3) Assets $ - $ - $ - $ - Total assets measured at fair value $ - $ - $ - $ - Liabilities Derivative liability – convertible notes $ 1,805,461 $ - $ - $ 1,805,461 Derivative liability - warrants 1,375,001 - - 1,375,001 Total liabilities measured at fair value $ 3,180,462 $ - $ - $ 3,180,462 The following tables present the activity for Level 3 liabilities for the three months ended March 31, 2015: Fair Value Measurements Using Level 3 Inputs Warrant Derivative Liability Note Conversion Derivative Liability Total Balance – December 31, 2014 $ - $ - $ - Additions during the period 1,156,735 1,479,933 2,636,668 Total (gain) or loss from change in fair value 218,266 325,528 543,794 Balance – March 31, 2015 $ 1,375,001 $ 1,805,461 $ 3,180,462 Stock-Based Compensation The Company accounts for all compensation related to stock, options or warrants using a fair value based method whereby compensation cost is measured at the grant date based on the value of the award and is recognized over the service period, which is usually the vesting period. We use the Black-Scholes pricing model to calculate the fair value of options and warrants issued to both employees and non-employees. In calculating this fair value, there are certain assumptions that we use consisting of the expected life of the option, risk-free interest rate, dividend yield, volatility and forfeiture rate. The use of a different estimate for any one of these components could have a material impact on the amount of calculated compensation expense. We periodically issue restricted common stock as compensation. Pursuant to ASC 505-50-30-6 issuances are valued using the market price of the stock or value of the services rendered on the date of the related agreement, whichever is more readily determinable. Cost of Goods Sold Cost of goods sold includes the cost of the creating services for editorial, creative services, advertising and delivery and in kind discounts and services. Cost for trade is recognized as incurred. Shipping and handling costs The Company classifies shipping and handling costs as part of Cost of sales in the Consolidated Statements of Operations. Research and development costs Research and development costs are expensed as incurred. Fair Value of Financial Instruments The carrying amounts reported in the condensed consolidated balance sheets for cash and cash equivalents, accounts receivable, accounts payable, accrued expenses, and other current assets and liabilities approximate fair value due to relatively short periods to maturity. It is not practical to determine the fair value of our notes payable due to the complex terms. Management is of the opinion that the Company is not exposed to significant interest or credit risks arising from these financial instruments. Income Taxes The Company accounts for income taxes using the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributed to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credits and loss carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences and carry-forwards are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is established when necessary to reduce deferred tax assets to amounts expected to be realized. The Company reports a liability for unrecognized tax benefits resulting from uncertain income tax positions, if any, taken or expected to be taken in an income tax return. Estimated interest and penalties are recorded as a component of interest expense or other expense, respectively. Net Income (Loss) Per Share The computation of basic earnings per share ("EPS") is based on the weighted average number of shares that were outstanding during the period, including shares of common stock that are issuable at the end of the reporting period. The computation of diluted EPS is based on the number of basic weighted-average shares outstanding plus the number of common shares that would be issued assuming the exercise of all potentially dilutive common shares outstanding using the treasury stock method. The computation of diluted net income per share does not assume conversion, exercise or contingent issuance of securities that would have an antidilutive effect on earnings per share. Therefore, when calculating EPS if the Company experienced a loss, there is no inclusion of dilutive securities as their inclusion in the EPS calculation is antidilutive. Furthermore, options and warrants will have a dilutive effect under the treasury stock method only when the average market price of the common stock during the period exceeds the exercise price of the options or warrants (they are in the money). Following is the computation of basic and diluted net loss per share for the three months ended March 31, 2015 and 2014: Three Months Ended March 31, 2015 2014 Basic and Diluted EPS Computation Numerator: Loss available to common stockholders' $ (6,594,125 ) $ (21,209 ) Denominator: Weighted average number of common shares outstanding 32,482,799 30,748,969 Basic and diluted EPS $ (0.20 ) $ (0.00 ) The weighted average shares listed below were not included in the computation of diluted losses per share because to do so would have been antidilutive for the periods presented: Convertible promissory notes 1,920,704 - Warrants 1,833,334 - Preferred Stock 31,212,694 - Recent Accounting Pronouncements In February 2015, the FASB issued ASU 2015-02, "Amendments to the Consolidation Analysis", which amends the consolidation requirements in ASC 810 and significantly changes the consolidation analysis required under U.S. GAAP relating to whether or not to consolidate certain legal entities. Early adoption is permitted. The Company's effective date for adoption is January 1, 2016. The Company does not expect this accounting update to have a material effect on its consolidated financial statements in future periods, although that could change. In January 2015, the FASB issued ASU 2015-01, "Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items", which eliminates the concept from U.S. GAAP the concept of an extraordinary item. Under the ASU, an entity will no longer (1) segregate an extraordinary item from the results of ordinary operations; (2) separately present an extraordinary item on its income statement, net of tax, after income from continuing operations; or (3) disclose income taxes and earnings-per-share data applicable to an extraordinary item. Early adoption is permitted. The Company's effective date for adoption is January 1, 2016. The Company does not expect this accounting update to have a material effect on its consolidated financial statements in future periods, although that could change. We review new accounting standards as issued. Although some of these accounting standards issued or effective after the end of our previous fiscal year may be applicable to us, we have not identified any standards that we believe merit further discussion. We believe that none of the new standards will have a significant impact on our financial statements.

Fixed Assets

Fixed Assets	3 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
NOTE 4. Fixed Assets	Fixed assets consisted of the following: March 31, December 31, 2015 2014 Vehicle $ 26,203 $ - Accumulated depreciation (874 ) - Fixed assets, net $ 25,329 $ - During the three months ended March 31, 2015 and 2014, the Company recognized $874 and $0, respectively, in depreciation expense.

Debt

Debt	3 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
NOTE 5. Debt	As of March 31, 2015, the Company had the following debt related balances: March 31, 2015 December 31, 2014 Current Debt Convertible promissory notes $ - $ 182,511 Convertible notes conversion derivative liability 1,805,461 (1) Warrant liability 1,375,001 (1) Promissory notes - 364,727 Loan payable - related party 123,675 (2) 116,175 Due to related parties 160,700 (2) 195,575 Accrued interest 26,211 (1) 140,900 Total current debt $ 3,491,048 $ 999,888 Non Current Debt Convertible promissory notes $ 550,000 (1) $ - Debt discount (539,715 )(1) - Total non current debt 10,285 - Total debt $ 3,501,333 $ 999,888 _________________ (1) Related to our financing of up to $2.5 million from the issuance of 9% convertible promissory notes and detachable warrants to various parties as described below under "Financing of up to $2.5 million". (2) Non-interest bearing advances by related parties used to cover operations and overhead costs not covered by advertising revenues. (3) Pre Merger debt as of December 31, 2014 that was settled in connection with the Merger by the issuance of 4 million shares of Series B Preferred stock. Financing of up to $2.5 million From March 2015, the Company has entered into certain securities purchase agreements (the "Agreements") with certain accredited investors (the "Investors"). Pursuant to the Agreements, the Company is conducting a private bridge note offering, up to $2,500,000, consisting of 9% Convertible Promissory Notes (the "9% Convertible Notes") which may be voluntarily converted into shares of the Company's common stock and four-year warrants (the "Company Warrant") to purchase shares of Company's common stock. The securities are sold as units, with each unit consisting of a 9% Convertible Note, in the principal amount of $50,000 and Company Warrant to purchase 166,667 shares of the common stock, pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act") and Rule 506 of Regulation D ("Regulation D") and/or Regulation S ("Regulation S") as promulgated under the Securities Act. The 9% Convertible Notes are due in 18 months and include interest at the rate of 9% per annum, due semi-annually. The initial interest payment is due in advance in cash or common stock (at the discretion of the Company) at $0.30 per share. Subsequent interest payments are payable at the discretion of the Investors in cash or common stock, with stock valued based on the 10 day VWAP for 10 days before the applicable interest due date. In the event of default, the 9% Convertible Notes interest rate shall increase to the lesser of fifteen percent (15%) or the highest rate permissible by law. The 9% Convertible Notes are convertible into common stock, at the Investor's option, at a price of $0.30 per share or 85% of the price common stock is sold at the next equity or convertible debt financing with gross proceeds to the Company of no less than $1,000,000 (the "Subsequent Financing"). Upon default the conversion price shall be permanently reduced to the lesser of $0.25 per share or the 10 day VWAP then in effect on the date of default. At no time may the 9% Convertible Notes be converted into shares of our common stock if such conversion would result in the Investors and its affiliates owning an aggregate of shares of our common stock in excess of 9.99% of the then outstanding shares of our common stock, provided such percentage may increase or decrease upon not less than 61 days prior written notice from the Investor. The Company Warrant has a four year term and an exercise price equal to the lesser of: (i) $0.75 or (ii) 85% of the price of the common stock (or common stock equivalents, or conversion price of debt instruments sold in such offering) sold at the Subsequent Financing. The Company Warrant includes the same ownership limitation described above in connection with the Company Note. The Company Warrant includes cashless exercise rights. In the offering through the issuance of 9% Convertible Notes, during the three months ended March 31, 2015, the Company raised $550,000 of principal and issued 1,833,334 of Company Warrants. During the three months ended March 31, 2015, the Company recognized $26,211 of interest expense and $10,285 of debt discount accretion. Derivative Liability related to the 9% Convertible Notes and Related Detachable Warrants ASC Topic No. 815 - Derivatives and Hedging provides guidance on determining what types of instruments or embedded features in an instrument issued by a reporting entity can be considered indexed to its own stock for the purpose of evaluating the first criteria of the scope exception in the pronouncement on accounting for derivatives. These requirements can affect the accounting for warrants and convertible preferred instruments issued by the Company. As the conversion features within the 9% Convertible Notes, and detachable warrants issued in connection with the 9% Convertible Notes, do not have fixed settlement provisions because their conversion and exercise prices may be lowered if the Company issues securities at lower prices in the future, the Company concluded that the instruments are not indexed to the Company's stock and are to be treated as derivative liabilities. In determining the fair value of the derivative liabilities, the Company used a Monte Carlo simulation at March 31, 2015. A summary of quantitative information with respect to valuation methodology and significant unobservable inputs used for the Company's 9% Convertible Notes and warrant liabilities that are categorized within Level 3 of the fair value hierarchy as of March 31, 2015 is as follows: Common stock issuable upon conversion of notes 1,920,703 Common stock issuable upon exercise of warrants 1,833,334 Stock price $ 1.25 Volatility (Annual) 60 % Strike price $ 0.75 warrants; $0.30 notes Risk-free rate 1.40 % Maturity date 4 years warrants; 1.5 years notes Dividend yield None The following table sets forth, by level within the fair value hierarchy, the Company's derivative liabilities that were accounted for at fair value on a recurring basis as of March 31, 2015: Balance at December 31, 2014 Initial valuation of derivative liabilities upon issuance of new securities during the period Increase (decrease) in fair value of derivative liabilities Fair value of derivatives upon reclass to additional paid-in capital Balance at March 31, 2015 Warrants derivative liability $ - $ 1,156,735 $ 218,266 $ - $ 1,375,001 Convertible note conversion derivative liability - 1,479,933 325,528 - 1,805,461 Total $ - $ 2,636,668 $ 543,794 $ - $ 3,180,462

Loans

Loans	3 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
NOTE 6. Loans	On February 3, 2015, the Company purchased a vehicle for $26,203. The Company made a down payment of $4,000 and financed $22,203. Payments are monthly $617 per month.

Stockholder's Equity

Stockholder's Equity	3 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
NOTE 7. Stockholder's Equity	Preferred and Common Stock As of March 31, 2015 and December 31, 2014, there were 35,142,853 and 1,502,477 shares of common stock outstanding, respectively. As of March 31, 2015 there were 27,212,694 shares of Series A Preferred Stock and 4,000,000 shares of Series B Preferred Stock outstanding. No preferred stock was outstanding as of December 31, 2014. All stock prices reflect the one-for-thirty reverse stock split effective as of January 16, 2015. During the three months ended March 31, 2015, the Company made the following issuances: · Issued 30,748,969 shares of restricted common stock, 27,212,694 shares of Series A Preferred Stock and 4,000,000 shares of Series B Preferred Stock to purchase MMP, LLC in a share exchange for 100% of the Member interests in MMP, LLC accounted for under ASC 805-40, "Reverse Acquisitions". · Issued 639,157 shares of restricted common stock and recognized $972,049 of stock compensation expense in exchange for services valued at the closing price of our stock on the date of issuance. · Issued 2,252,250 shares to Alan Beck for the purchase of 100% of common stock issued and outstanding of FUNMAP, See "NOTE 8 – CCOLUMBIA FUNMAP, INC. ACQUISITION" below for more information. Each share of Series A Preferred shall: (i) have a par value of $0.001 per share, (ii) rank on parity with the Company's common stock and any class of series of capital stock hereafter created, and (iii) be convertible into one share of common stock at the option of the holder until January 1, 2017 after which the right to convert to common stock ceases. Holders of the Series A Preferred are entitled to vote on all matters submitted to the Company's stockholders and are entitled to such number of votes as is equal to the number of shares of Series A Preferred stock such holder owns. The holders of Series A Preferred stock are not entitled to any dividends declared by the Company nor do such holders have any liquidation preferences or any other asset distribution rights as it relates to the Company. Each share of Series B Preferred shall: (i) have a par value of $0.001 per share, (ii) rank on parity with the Company's common stock and any class of series of capital stock hereafter created, but not higher than the Series A Convertible Preferred Stock, and (iii) be convertible into one share of common stock at the option of the holder until January 1, 2017 after which the right to convert to common stock ceases. Holders of the Series B Preferred have no voting rights, are not entitled to any dividends declared by the Company or have any liquidation preferences or any other asset distribution rights as it relates to the Company. Common Stock Warrants Each of the Company's warrants outstanding entitles the holder to purchase one share of the Company's common stock for each warrant share held. A summary of the Company's warrants outstanding and exercisable as of March 31, 2015 and December 31, 2014 is as follows: Number of Warrants as of Warrant Number March 31, 2015 December 31, 2014 Exercise Price Date of Issuance Expiration Date 1-4(1) 1,833,334 - $ 0.75 2015 2019 22-26(3) 800,000 - $ 0.75 April 15, 2015 March 20, 2019 Total 2,633,334 - __________________ (1) Issued to various parties pursuant to the securities purchase agreement and 9% Convertible Notes. These warrants are accounted for at fair value and remeasured at each reporting period, See "NOTE 5 – DEBT" for more information. (2) Issued pursuant to prior financings with fixed conversion price, no down-round protection and included in equity. No warrants expired, were canceled or repriced during the three months ended March 31, 2015.

Merger

Merger	3 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
NOTE 8. Merger	On January 9, 2015, Multimedia Platforms, Inc. (formerly Sports Media Entertainment Corp.) (the "Company", "Registrant" and "Legal Acquirer") entered into a Share Exchange Agreement (the "Merger"), between and among the Company and Multimedia Platforms, LLC, a Florida Limited Liability Corporation ("Accounting Acquirer"), all the members of MMP LLC (the "Members"), Harrison Holdings, LLC and Amalfi Coast Capital (collectively, the "Debt Holders"). Pursuant to the Merger, the Registrant was (i) to issue to the Debt Holders a total of 4,000,000 shares of Series B Convertible Preferred stock in exchange for all the indebtedness of the Company totaling approximately $688,138 as of December 31, 2014; issue (ii) 21,320,832 shares of restricted common stock and (iii) 34,390,199 shares of Series A Convertible Preferred stock (collectively, the "Merger Shares") to the Members in exchange for 100% of the Members interest in MMP LLC. The Merger Shares were adjusted such that 30,748,969 shares of restricted common stock, 27,212,694 shares of Series A Convertible Preferred stock and 4,000,000 shares of Series B Convertible Preferred stock were ultimately issued. The share issuances represent approximately 97.6% of the total issued and outstanding shares of preferred and common stock of the Registrant post-closing. As a result, the Company (i) became the 100% parent of MMP LLC; (ii) assumed the operations of MMP LLC; (iii) changed its name from Sports Media Entertainment Corp. to Multimedia Platforms, Inc.; and (iv) experienced a change in control. The terms and conditions of the Merger give rise to reverse merger accounting whereby MMP LLC is deemed the acquirer for accounting purposes. Consequently, the assets and liabilities and the historical operations of MMP LLC prior to the Merger are reflected in the financial statements and have been recorded at the historical cost basis of MMP LLC. Our financial statements include the assets and liabilities of both the Company and MMP LLC. The Merger was accounted for under recapitalization accounting whereby the equity of MMP LLC is presented as the equity of the combined enterprise and the capital account of MMP LLC is adjusted to reflect the par value of the outstanding stock of the Legal Acquirer after giving effect to the number of shares issued in the Merger (27,212,694 Series A Preferred, 4,000,000 Series B Preferred and 30,748,969 restricted common shares). Shares retained by the Legal Acquirer (1,502,477 common shares) are reflected as an issuance as of the reverse merger date (February 2, 2015) for the historical amount of the net liabilities of the Company.

Columbia Funmap, Inc. Acquisiti

Columbia Funmap, Inc. Acquisition	3 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
NOTE 9. Columbia Funmap, Inc. Acquisition	The Company accounted for the purchase using the acquisition method of accounting which requires, among other things, that assets acquired and liabilities assumed be recognized at their estimated fair values as of the acquisition date. Estimates of fair value included in the consolidated financial statements, in conformity with ASC No. 820, "Fair Value Measurements and Disclosures" ("ASC 820"), represent the Company's best estimates using industry data and trends and by reference to relevant market rates and transactions. The following estimates and assumptions are inherently subject to significant uncertainties and contingencies beyond the control of the Company. Accordingly, the Company cannot provide assurance that the estimates, assumptions, and values reflected in the valuations will be realized, and actual results could vary materially. Any changes to the initial estimates of the fair value of the assets and liabilities will be recorded as adjustments to those assets and liabilities and residual amounts will be allocated to goodwill. In accordance with ASC 805, if additional information is obtained about these assets and liabilities within the measurement period (not to exceed one year from the date of acquisition), the Company will refine its estimates of fair value to allocate the purchase price more accurately. On February 27, 2015, the Company entered into a Securities Purchase Agreement with, Columbia Funmap, Inc., a New Jersey Corporation, and Alan H. Beck, the President of FUNMAP for the purchase of 100% of common stock issued and outstanding of FUNMAP. The closing of the Securities Purchase Agreement occurred on February 27, 2015. The acquisition of FUNMAP will allow the Company to gain a distribution foothold in 35 metropolitan areas in North America and acquire control of a respected and vital travel tool for GLBT travelers, including the website www.gayosphere.com. The table below summarizes the preliminary estimates of fair value of the FUNMAP assets acquired and liabilities assumed as of the acquisition date. The net enterprise value of FUNMAP was valued at $3,479,834 which represented both the restricted common stock and notes issued by the Company for its 100% interest. Upon closing, the final purchase price consisted of the assumption of $93,968 of liabilities, issuance of 2,160,000 shares of restricted common stock to Mr. Beck, repayment of related party debt of $87,888 by issuing 92,250 shares of restricted common stock to Mr. Beck, and note to Mr. Beck totaling $10,000. Additionally, the Company entered into a consulting agreement with Mr. Beck under which Mr. beck will act as a national sales manager. The agreement has a term of 36 months, provides compensation of $5,000 per month plus 15% of cash collected for print sales sold directly by Consultant; plus a 3% override on print sales of FunMaps™; plus 20% of collected online sales made by Consultant, personally. The preliminary purchase price allocation is as follows: The allocation of the purchase price, is as follows: Net tangible assets acquired and liabilities assumed: Cash and cash equivalents $ 17,240 Accounts receivable 64,382 Accounts payable (22,193 ) Loans (3,000 ) Credit cards (6,830 ) Line of credit (61,945 ) Subtotal Funmap net liabilities assumed (12,346 ) Amount of purchase price allocated to goodwill 3,479,834 Net assets acquired $ 3,467,488 Consideration paid: 2,160,000sharesofcommonstock1) $ 3,369,600 92,250 shares of common stock issued for related party loans 87,888 Issuance of note 10,000 Total consideration $ 3,467,488 _______________ 1) The fair value of the 2,160,000 ordinary shares issued as part of the consideration paid for FUNMAP was determined on the basis of our stock price. Pro Forma Adjusted Summary The results of operations for FUMNAP have been included in the consolidated financial statements subsequent to their acquisition dates. The following schedule presents unaudited consolidated pro forma results of operations data as if the FUNMAP acquisition had occurred on January 1, 2014. This information does not purport to be indicative of the actual results that would have occurred if the acquisition had actually been completed on the date indicated, nor is it necessarily indicative of the future operating results or the financial position of the combined company: Three Months Ended March 31, 2015 2014 Net revenue $ 272,214 $ 306,947 Gross profit 133,591 199,363 Operating costs (358,797 ) (189,995 ) Stock compensation (972,049 ) - Goodwill impairment (2,729,834 ) - Interest expense (36,496 ) - Change in fair value of derivative liabilities (2,630,462 ) Net income (loss) $ (6,594,047 ) $ 9,368 All expenditures incurred in connection with the acquisitions were expensed and are included in selling, general and administrative expenses. The Company recorded revenue of $36,100 and net income of $13,651 from FUNMAP for the period from March 1, 2015 through March 31, 2015.

Goodwill

Goodwill	3 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
NOTE 10. GOODWILL	The carrying amount of goodwill as of March 31, 2015 is as follows: Amount Goodwill $ 3,479,834 Accumulated impairment (2,729,834 ) Balance $ 750,000 In accordance with FASB ASC 350, "Intangibles – Goodwill and Other," we perform goodwill impairment testing at least annually, unless indicators of impairment exist in interim periods. The impairment test for goodwill uses a two-step approach. Step one compares the estimated fair value of a reporting unit with goodwill to its carrying value. If the carrying value exceeds the estimated fair value, step two must be performed. Step two compares the carrying value of the reporting unit to the fair value of all of the assets and liabilities of the reporting unit (including any unrecognized intangibles) as if the reporting unit was acquired in a business combination. If the carrying amount of a reporting unit's goodwill exceeds the implied fair value of its goodwill, an impairment loss is recognized in an amount equal to the excess. For purposes of reviewing impairment and the recoverability of goodwill, we must make various assumptions regarding estimated future cash flows and other factors in determining the fair values of the reporting unit. We perform an annual impairment review at the end of each fiscal year. On March 31, 2015, we performed a goodwill impairment test and estimated the fair value of our reporting unit based on the income approach (also known as the discounted cash flow ("DCF") method, which utilizes the present value of cash flows to estimate fair value). The future cash flows for our FUNMAP reporting unit was projected based on our estimates of future revenues, operating income and other factors (such as working capital and capital expenditures). The discount rates used in our DCF method were based on a weighted-average cost of capital ("WACC") determined from relevant market comparisons, adjusted upward for specific reporting unit risks (primarily the uncertainty of achieving projected operating cash flows). A terminal value growth rate was applied to the final year of the projected period and reflected our estimate of stable, perpetual growth. We then calculated a present value of the cash flows for the reporting unit to arrive at an estimate of fair value under the income approach and then used the market approach to corroborate this value. We determined that the carry value of goodwill exceeded the fair value under the income and market approach. As a result we impaired $2,729,834 as of March 31, 2015 based on the income approach.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
NOTE 11. Subsequent Events	The following convertible notes and detachable warrants were issued subsequent to March 31, 2015 as reported in the Original Report. The notes were issued pursuant to the Financing of up to $2.5 million as described above under NOTE 5 – Debt: · $50,000 note and 166,667 warrants on April 20, 2015 · $100,000 note and 333,332 warrants on April 22, 2015 · $25,000 note and 83,333 warrants on May 7, 2015 · $50,000 note and 166,667 warrants on May 18, 2015 · $50,000 note and 166,667 warrants on May 18, 2015 · $50,000 note and 166,667 warrants on May 20, 2015 From April 1, 2015 through May 13, 2015, the Company issued 212,800 shares of restricted common stock and recorded $207,344 in stock compensation expense in exchange for services valued at the closing price on the date of issuance. The shares were issued in reliance upon an exemption from registration pursuant to Section 4(2) of the Securities Act of 1933

Summary Of Significant Accoun18

Summary Of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2015
Summary Of Significant Accounting Policies Policies
Basis of Presentation	The unaudited financial statements of Multimedia platforms, Inc. as of March 31, 2015, and for the three months ended March 31, 2015 and 2014, have been prepared in accordance with accounting principles generally accepted in the United States for interim financial reporting and include the Company's wholly-owned subsidiaries, Columbia Funmap, Inc. from the date of acquisition on March 1, 2015, and Multimedia Platforms, LLC. Accordingly, they do not include all of the disclosures required by accounting principles generally accepted in the United States for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2014, as filed with the Securities and Exchange Commission as part of the Company's Form 10-K. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation of the interim financial information have been included. The Company did not record an income tax provision during the periods presented due to net taxable losses. The results of operations for any interim period are not necessarily indicative of the results of operations for the entire year.
Principles of Consolidation	The condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. As of March 31, 2015, the Company has a 100% interest in MMP, LLC and a 100% interest in FUNMAP. The results of each of these entities are consolidated with the Company's results from and after their respective acquisition dates based on guidance from the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") No. 810, "Consolidation" ("ASC 810").
Accounting Estimates	The preparation of financial statements in conformity with U.S. generally accepted accounting principles ("GAAP") 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 revenues and expenses during the reporting period. Actual results could differ significantly from those estimates.
Cash and Cash Equivalents	The Company maintains cash balances at two financial institutions. The Company considers all highly liquid instruments purchased with an original maturity of three months or less and money market accounts to be cash equivalents.
Accounts receivable	The Company currently does issue credit on services for one of its national advertisers and its national media brokers who are on 90 day terms. Our collection policy is that payment is due at time of advertising printing. No allowance for doubtful accounts are considered necessary to be established for amounts that may not be recoverable as our collection history is good and write offs have been minimal.
Property, plant, and equipment	Fixed assets are carried at cost, less accumulated depreciation and amortization. Major improvements are capitalized, while repair and maintenance are expensed when incurred. Renewals and betterments that materially extend the life of the assets are capitalized. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in income for the period. Depreciation is computed for financial statement purposes on a straight-line basis over estimated useful lives of the related assets. The estimated useful lives of depreciable assets are: Estimated Useful Lives Office Equipment 5-10 years Furniture 5 - 7 years Vehicles 5-10 years For federal income tax purposes, depreciation is computed under the modified accelerated cost recovery system. For book purposes, depreciation is computed under the straight-line method.
Long-lived assets	The Company assesses the recoverability of long-lived assets using an assessment of the estimated undiscounted future cash flows related to such assets. In the event that assets are found to be carried at amounts which are in excess of estimated gross future cash flows, the assets will be adjusted for impairment to a level commensurate with fair value determined using a discounted cash flow analysis of the underlying assets. The Company's property, plant, and equipment consist of a vehicle.
Goodwill	We evaluate goodwill for impairment annually or more frequently when an event occurs or circumstances change that indicates the carrying value may not be recoverable. We test goodwill for impairment by first comparing the book value of net assets to the fair value of the reporting units. If the fair value is determined to be less than the book value or qualitative factors indicate that it is more likely than not that goodwill is impaired, a second step is performed to compute the amount of impairment as the difference between the estimated fair value of goodwill and the carrying value. We estimate the fair value of the reporting units using discounted cash flows. Forecasts of future cash flows are based on our best estimate of future net sales and operating expenses and general economic conditions.
Revenue Recognition	MMP LLC follows the guidance of the Securities and Exchange Commission's Staff Accounting Bulletin No. 104 for revenue recognition. Revenue is recognized from one primary source: Advertising. The Company records revenue when all of the following have occurred; (1) upon signing the advertising contract, (2) publication of the advertisement in print or uploaded to be digitally placed on line (3) collectability is reasonably assured. Reported revenues are net of in kind exchanges, barters and discounts. Trade (barter) exchanges for needed services and promotional costs are recorded at the fair market value of the goods and services exchanged. Barter related amounts were immaterial during the years ended December 31, 2014 and 2013, respectively. As a result, no adjustments to the financial statements were deemed necessary. In addition, for financial statement presentation, revenues have been offset by material costs received in such exchanges. Revenue is recognized at the point of sale, with no further obligations.
Derivatives - Warrant Liability	The Company accounts for the common stock warrants granted and still outstanding as of March 31, 2015 in connection with our 9% Convertible Notes in accordance with the guidance contained in ASC 815-40-15-7F, "Contracts in Entity's Own Equity". Under that provision the Warrants were determined to be ineligible for equity classification due to provisions that may result in an adjustment to their conversion or exercise prices via a down-round feature and must be recorded as a liability. Accordingly, the Company classifies the warrant instrument as a liability at its fair value and adjusts the instrument to fair value at each reporting period. This liability is subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in the Company's statements of operations. The fair value of the warrants issued by the Company in connection with the 9% Convertible Notes has been estimated using a Monte Carlo simulation. The warrant derivative liability balance was $1,375,001 as of March 31, 2015. During the three months ended March 31, 2015, the Company recognized a loss of $1,375,001 in the fair value of warrant related derivatives. Subsequent changes to the fair value of the derivative liabilities will continue to require adjustments to their carrying value that will be recorded as other income (in the event that their value decreases) or as other expense (in the event that their value increases). In general (all other factors being equal), the Company will record income when the market value of the Company's common stock decreases and will record expense when the value of the Company's stock increases. The Company's derivative liability has been measured at fair value at March 31, 2015 using a Monte-Carlo Simulation. Inputs into the model require estimates, including such items as estimated volatility of the Company's stock, estimated probabilities of additional financing, risk-free interest rate, dilution and the estimated life of the financial instruments being fair valued. In addition, since the conversion price contains an anti-dilution adjustment, the probability that the Conversion Price of the warrants would decrease as the share price decreased was also incorporated into the valuation calculation.
Derivatives - Bifurcated Conversion Option in Convertible Notes	The Company does not use derivative financial instruments to hedge exposures to cash-flow, market or foreign-currency risks. However, the Company has issued Convertible Notes with features that are either (i) not afforded equity classification, (ii) embody risks not clearly and closely related to host contracts, or (iii) may be net-cash settled by the counterparty. As required by ASC 815, Accounting for Derivative Financial Instruments and Hedging Activities, in certain instances, these instruments are required to be carried as derivative liabilities, at fair value, in our financial statements. The convertible notes conversion derivative liability was $1,805,461 as of March 31, 2015. The 9% Convertible Notes issued during the three months ended March 31, 2015 are subject to anti-dilution adjustments that allow for the reduction in the Conversion Price, as defined in the agreement, in the event the Company subsequently issues equity securities including Common Stock or any security convertible or exchangeable for shares of Common Stock for a price less than the current conversion price. The Company bifurcated and accounted for the conversion option in accordance with ASC 815 as a derivative liability, since this conversion feature is not considered to be indexed to the Company's own stock. The Company's derivative liability has been measured at fair value at March 31, 2015 using a Monte-Carlo Simulation.
Fair Value of Financial Instruments	We adopted ASC Topic 820 for financial instruments measured as fair value on a recurring basis. ASC Topic 820 defines fair value, established a framework for measuring fair value in accordance with accounting principles generally accepted in the United States and expands disclosures about fair value measurements. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 established a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1measurements) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include: Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. Disclosures about fair value of financial instruments, requires disclosure of the fair value information, whether or not recognized in the balance sheet, where it is practicable to estimate that value. As of March 31, 2015, the carrying amounts reported in the condensed consolidated balance sheets for cash and cash equivalents, accounts receivable, accounts payable, accrued expenses, and other current assets and liabilities approximate fair value due to relatively short periods to maturity. The fair value of derivative liabilities is estimated using option pricing models that are based on the individual characteristics of our warrants, common stock, the derivative liability on the valuation date as well as assumptions for volatility, remaining expected life, risk-free interest rate and, in some cases, credit spread. The derivative liabilities are the only Level 3 fair value measures. At March 31, 2015, the estimated Level 3 fair values of the liabilities measured on a recurring basis are as follows: Fair Value Measurements at March 31, 2015 Carrying (Level 1) (Level 2) (Level 3) Assets $ - $ - $ - $ - Total assets measured at fair value $ - $ - $ - $ - Liabilities Derivative liability – convertible notes $ 1,805,461 $ - $ - $ 1,805,461 Derivative liability - warrants 1,375,001 - - 1,375,001 Total liabilities measured at fair value $ 3,180,462 $ - $ - $ 3,180,462 The following tables present the activity for Level 3 liabilities for the three months ended March 31, 2015: Fair Value Measurements Using Level 3 Inputs Warrant Derivative Liability Note Conversion Derivative Liability Total Balance – December 31, 2014 $ - $ - $ - Additions during the period 1,156,735 1,479,933 2,636,668 Total (gain) or loss from change in fair value 218,266 325,528 543,794 Balance – March 31, 2015 $ 1,375,001 $ 1,805,461 $ 3,180,462 The carrying amounts reported in the condensed consolidated balance sheets for cash and cash equivalents, accounts receivable, accounts payable, accrued expenses, and other current assets and liabilities approximate fair value due to relatively short periods to maturity. It is not practical to determine the fair value of our notes payable due to the complex terms. Management is of the opinion that the Company is not exposed to significant interest or credit risks arising from these financial instruments.
Stock-Based Compensation	The Company accounts for all compensation related to stock, options or warrants using a fair value based method whereby compensation cost is measured at the grant date based on the value of the award and is recognized over the service period, which is usually the vesting period. We use the Black-Scholes pricing model to calculate the fair value of options and warrants issued to both employees and non-employees. In calculating this fair value, there are certain assumptions that we use consisting of the expected life of the option, risk-free interest rate, dividend yield, volatility and forfeiture rate. The use of a different estimate for any one of these components could have a material impact on the amount of calculated compensation expense. We periodically issue restricted common stock as compensation. Pursuant to ASC 505-50-30-6 issuances are valued using the market price of the stock or value of the services rendered on the date of the related agreement, whichever is more readily determinable.
Cost of Goods Sold	Cost of goods sold includes the cost of the creating services for editorial, creative services, advertising and delivery and in kind discounts and services. Cost for trade is recognized as incurred.
Shipping and handling costs	The Company classifies shipping and handling costs as part of Cost of sales in the Consolidated Statements of Operations.
Research and development costs	Research and development costs are expensed as incurred.
Income Taxes	The Company accounts for income taxes using the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributed to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credits and loss carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences and carry-forwards are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is established when necessary to reduce deferred tax assets to amounts expected to be realized. The Company reports a liability for unrecognized tax benefits resulting from uncertain income tax positions, if any, taken or expected to be taken in an income tax return. Estimated interest and penalties are recorded as a component of interest expense or other expense, respectively.
Net Income (Loss) Per Share	The computation of basic earnings per share ("EPS") is based on the weighted average number of shares that were outstanding during the period, including shares of common stock that are issuable at the end of the reporting period. The computation of diluted EPS is based on the number of basic weighted-average shares outstanding plus the number of common shares that would be issued assuming the exercise of all potentially dilutive common shares outstanding using the treasury stock method. The computation of diluted net income per share does not assume conversion, exercise or contingent issuance of securities that would have an antidilutive effect on earnings per share. Therefore, when calculating EPS if the Company experienced a loss, there is no inclusion of dilutive securities as their inclusion in the EPS calculation is antidilutive. Furthermore, options and warrants will have a dilutive effect under the treasury stock method only when the average market price of the common stock during the period exceeds the exercise price of the options or warrants (they are in the money). Following is the computation of basic and diluted net loss per share for the three months ended March 31, 2015 and 2014: Three Months Ended March 31, 2015 2014 Basic and Diluted EPS Computation Numerator: Loss available to common stockholders' $ (6,594,125 ) $ (21,209 ) Denominator: Weighted average number of common shares outstanding 32,482,799 30,748,969 Basic and diluted EPS $ (0.20 ) $ (0.00 ) The weighted average shares listed below were not included in the computation of diluted losses per share because to do so would have been antidilutive for the periods presented: Convertible promissory notes 1,920,704 - Warrants 1,833,334 - Preferred Stock 31,212,694 -
Recent Accounting Pronouncements	In February 2015, the FASB issued ASU 2015-02, "Amendments to the Consolidation Analysis", which amends the consolidation requirements in ASC 810 and significantly changes the consolidation analysis required under U.S. GAAP relating to whether or not to consolidate certain legal entities. Early adoption is permitted. The Company's effective date for adoption is January 1, 2016. The Company does not expect this accounting update to have a material effect on its consolidated financial statements in future periods, although that could change. In January 2015, the FASB issued ASU 2015-01, "Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items", which eliminates the concept from U.S. GAAP the concept of an extraordinary item. Under the ASU, an entity will no longer (1) segregate an extraordinary item from the results of ordinary operations; (2) separately present an extraordinary item on its income statement, net of tax, after income from continuing operations; or (3) disclose income taxes and earnings-per-share data applicable to an extraordinary item. Early adoption is permitted. The Company's effective date for adoption is January 1, 2016. The Company does not expect this accounting update to have a material effect on its consolidated financial statements in future periods, although that could change. We review new accounting standards as issued. Although some of these accounting standards issued or effective after the end of our previous fiscal year may be applicable to us, we have not identified any standards that we believe merit further discussion. We believe that none of the new standards will have a significant impact on our financial statements.

Restatement (Tables)

Restatement (Tables)	3 Months Ended
	Mar. 31, 2015
Restatement Tables
Restatement of financial statements	Balance Sheets March 31, 2015 As Previously Reported Adjustment As Restated Liabilities and Shareholders' Equity (Deficit): Convertible notes conversion derivative liability $ - $ 1,805,461 $ 1,805,461 Warrant liability - 1,375,001 1,375,001 Total current liabilities 457,949 3,180,462 3,638,411 Total liabilities 489,821 3,180,462 3,670,283 Additional paid-in capital 4,999,910 (550,000 ) 4,449,910 Accumulated deficit (4,333,779 ) (2,630,462 ) (6,964,241 ) Total shareholders' equity (deficit) 732,486 (3,180,462 ) (2,447,976 ) Total liabilities and shareholders' equity (deficit) $ 1,222,307 $ - $ 1,222,307 Statement of Operations For the Three Months Ended March 31, 2015 As Previously Reported Adjustment As Restated Change in fair value of convertible notes conversion derivative liability $ - $ (1,255,461 ) $ (1,255,461 ) Change in fair value of warrant liability - (1,375,001 ) (1,375,001 ) Total non operating expense (36,496 ) (2,630,462 ) (2,666,958 ) Net loss (3,963,663 ) (2,630,462 ) (6,594,125 ) Net loss per common share (basic and diluted) $ (0.12 ) $ (0.08 ) $ (0.20 ) Statement of Cash Flows For the Three Months Ended March 31, 2015 As Previously Reported Adjustment As Restated Net loss $ (3,963,663 ) $ (2,630,462 ) $ (6,594,125 ) Change in fair value of convertible notes conversion derivative liability - 1,255,461 1,255,461 Change in fair value of warrant liability - 1,375,001 1,375,001 Net cash provided by (used) in operating activities (236,580 ) - (236,580 )

Summary Of Significant Accoun20

Summary Of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2015
Summary Of Significant Accounting Policies Tables
Property, plant, and equipment	Estimated Useful Lives Office Equipment 5-10 years Furniture 5 - 7 years Vehicles 5-10 years
Fair Value Measurements Using Level 3 Inputs	At March 31, 2015, the estimated Level 3 fair values of the liabilities measured on a recurring basis are as follows: Fair Value Measurements at March 31, 2015 Carrying (Level 1) (Level 2) (Level 3) Assets $ - $ - $ - $ - Total assets measured at fair value $ - $ - $ - $ - Liabilities Derivative liability – convertible notes $ 1,805,461 $ - $ - $ 1,805,461 Derivative liability - warrants 1,375,001 - - 1,375,001 Total liabilities measured at fair value $ 3,180,462 $ - $ - $ 3,180,462 The following tables present the activity for Level 3 liabilities for the three months ended March 31, 2015: Fair Value Measurements Using Level 3 Inputs Warrant Derivative Liability Note Conversion Derivative Liability Total Balance – December 31, 2014 $ - $ - $ - Additions during the period 1,156,735 1,479,933 2,636,668 Total (gain) or loss from change in fair value 218,266 325,528 543,794 Balance – March 31, 2015 $ 1,375,001 $ 1,805,461 $ 3,180,462
Net Income (Loss) Per Share	Three Months Ended March 31, 2015 2014 Basic and Diluted EPS Computation Numerator: Loss available to common stockholders' $ (6,594,125 ) $ (21,209 ) Denominator: Weighted average number of common shares outstanding 32,482,799 30,748,969 Basic and diluted EPS $ (0.20 ) $ (0.00 ) The weighted average shares listed below were not included in the computation of diluted losses per share because to do so would have been antidilutive for the periods presented: Convertible promissory notes 1,920,704 - Warrants 1,833,334 - Preferred Stock 31,212,694 -

Fixed Assets (Tables)

Fixed Assets (Tables)	3 Months Ended
	Mar. 31, 2015
Fixed Assets Tables
Fixed assets	March 31, December 31, 2015 2014 Vehicle $ 26,203 $ - Accumulated depreciation (874 ) - Fixed assets, net $ 25,329 $ -

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2015
Debt Tables
Debt related balances	March 31, 2015 December 31, 2014 Current Debt Convertible promissory notes $ - $ 182,511 Convertible notes conversion derivative liability 1,805,461 (1) Warrant liability 1,375,001 (1) Promissory notes - 364,727 Loan payable - related party 123,675 (2) 116,175 Due to related parties 160,700 (2) 195,575 Accrued interest 26,211 (1) 140,900 Total current debt $ 3,491,048 $ 999,888 Non Current Debt Convertible promissory notes $ 550,000 (1) $ - Debt discount (539,715 )(1) - Total non current debt 10,285 - Total debt $ 3,501,333 $ 999,888
Summary of derivative liability valuation	Common stock issuable upon conversion of notes 1,920,703 Common stock issuable upon exercise of warrants 1,833,334 Stock price $ 1.25 Volatility (Annual) 60 % Strike price $ 0.75 warrants; $0.30 notes Risk-free rate 1.40 % Maturity date 4 years warrants; 1.5 years notes Dividend yield None
Fair value on a recurring basis	Balance at December 31, 2014 Initial valuation of derivative liabilities upon issuance of new securities during the period Increase (decrease) in fair value of derivative liabilities Fair value of derivatives upon reclass to additional paid-in capital Balance at March 31, 2015 Warrants derivative liability $ - $ 1,156,735 $ 218,266 $ - $ 1,375,001 Convertible note conversion derivative liability - 1,479,933 325,528 - 1,805,461 Total $ - $ 2,636,668 $ 543,794 $ - $ 3,180,462

Stockholder's Equity (Tables)

Stockholder's Equity (Tables)	3 Months Ended
	Mar. 31, 2015
Stockholders Equity Tables
Summary of outstanding warrants	Number of Warrants as of Warrant Number March 31, 2015 December 31, 2014 Exercise Price Date of Issuance Expiration Date 1-4(1) 1,833,334 - $ 0.75 2015 2019 22-26(3) 800,000 - $ 0.75 April 15, 2015 March 20, 2019 Total 2,633,334 -

Columbia Funmap, Inc. Acquisi24

Columbia Funmap, Inc. Acquisition (Tables)	3 Months Ended
	Mar. 31, 2015
Columbia Funmap Inc. Acquisition Tables
Net tangible assets acquired and liabilities assumed	The allocation of the purchase price, is as follows: Net tangible assets acquired and liabilities assumed: Cash and cash equivalents $ 17,240 Accounts receivable 64,382 Accounts payable (22,193 ) Loans (3,000 ) Credit cards (6,830 ) Line of credit (61,945 ) Subtotal Funmap net liabilities assumed (12,346 ) Amount of purchase price allocated to goodwill 3,479,834 Net assets acquired $ 3,467,488 Consideration paid: 2,160,000sharesofcommonstock1) $ 3,369,600 92,250 shares of common stock issued for related party loans 87,888 Issuance of note 10,000 Total consideration $ 3,467,488
Proforma Adjusted Summary	Three Months Ended March 31, 2015 2014 Net revenue $ 272,214 $ 306,947 Gross profit 133,591 199,363 Operating costs (358,797 ) (189,995 ) Stock compensation (972,049 ) - Goodwill impairment (2,729,834 ) - Interest expense (36,496 ) - Change in fair value of derivative liabilities (2,630,462 ) Net income (loss) $ (6,594,047 ) $ 9,368

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Mar. 31, 2015
Goodwill Tables
GOODWILL	Amount Goodwill $ 3,479,834 Accumulated impairment (2,729,834 ) Balance $ 750,000

Restatement (Details)

Restatement (Details) - USD ($)	Mar. 31, 2015		Dec. 31, 2014
Liabilities and Shareholders' Equity (Deficit):
Convertible notes conversion derivative liability	$ 1,805,461	[1]
Warrant liability	1,375,001	[1]
Total current liabilities			$ 1,213,248
Total liabilities			1,213,248
Additional paid-in capital			495,298
Accumulated deficit			(370,116)
Total shareholders' equity (deficit)	$ (2,447,976)		155,931
Total liabilities and shareholders' equity (deficit)			1,369,179
As Previously Reported [Member]
Liabilities and Shareholders' Equity (Deficit):
Convertible notes conversion derivative liability
Warrant liability
Total current liabilities	$ 457,949
Total liabilities	489,821
Additional paid-in capital	4,999,910
Accumulated deficit	(4,333,779)
Total shareholders' equity (deficit)	732,486
Total liabilities and shareholders' equity (deficit)	1,222,307
Adjustment [Member]
Liabilities and Shareholders' Equity (Deficit):
Convertible notes conversion derivative liability	1,805,461
Warrant liability	1,375,001
Total current liabilities	3,180,462
Total liabilities	3,180,462
Additional paid-in capital	(550,000)
Accumulated deficit	(2,630,462)
Total shareholders' equity (deficit)	$ (3,180,462)
Total liabilities and shareholders' equity (deficit)
Restated [Member]
Liabilities and Shareholders' Equity (Deficit):
Convertible notes conversion derivative liability	$ 1,805,461		1,805,461
Warrant liability	1,375,001		1,375,001
Total current liabilities	3,638,411		3,638,411
Total liabilities	3,670,283		3,670,283
Additional paid-in capital	4,449,910		4,449,910
Accumulated deficit	(6,964,241)		(6,964,241)
Total shareholders' equity (deficit)	(2,447,976)		(2,447,976)
Total liabilities and shareholders' equity (deficit)	$ 1,222,307		$ 1,222,307
[1]	Related to our financing of up to $2.5 million from the issuance of 9% convertible promissory notes and detachable warrants to various parties as described below under Financing of up to $2.5 million.

Restatement (Details 1)

Restatement (Details 1) - USD ($)	1 Months Ended	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2015	Mar. 31, 2014
Change in fair value of convertible notes conversion derivative liability
Change in fair value of warrant liability
Total non operating expense
Net loss	$ 13,651	$ (6,594,125)	$ (21,209)
As Previously Reported [Member]
Change in fair value of convertible notes conversion derivative liability
Change in fair value of warrant liability
Total non operating expense		$ (36,496)
Net loss		$ (3,963,663)
Net loss per common share (basic and diluted)		$ (0.12)
Adjustment [Member]
Change in fair value of convertible notes conversion derivative liability		$ (1,255,461)
Change in fair value of warrant liability		(1,375,001)
Total non operating expense		(2,630,462)
Net loss		$ (2,630,462)
Net loss per common share (basic and diluted)		$ (0.08)
Restated [Member]
Change in fair value of convertible notes conversion derivative liability		$ (1,255,461)
Change in fair value of warrant liability		(1,375,001)
Total non operating expense		(2,666,958)
Net loss		$ (6,594,125)
Net loss per common share (basic and diluted)		$ (0.20)

Restatement (Details 2)

Restatement (Details 2) - USD ($)	1 Months Ended	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2015	Mar. 31, 2014
Net loss	$ 13,651	$ (6,594,125)	$ (21,209)
Change in fair value of convertible notes conversion derivative liability
Change in fair value of warrant liability
Net cash provided by (used) in operating activities
As Previously Reported [Member]
Net loss		$ (3,963,663)
Change in fair value of convertible notes conversion derivative liability
Change in fair value of warrant liability
Net cash provided by (used) in operating activities		$ (236,580)
Adjustment [Member]
Net loss		(2,630,462)
Change in fair value of convertible notes conversion derivative liability		1,255,461
Change in fair value of warrant liability		$ 1,375,001
Net cash provided by (used) in operating activities
Restated [Member]
Net loss		$ (6,594,125)
Change in fair value of convertible notes conversion derivative liability		1,255,461
Change in fair value of warrant liability		1,375,001
Net cash provided by (used) in operating activities		$ (236,580)

Organization and Going Concern

Organization and Going Concern (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2015	Mar. 31, 2014
Notes to Financial Statements
Recognized revenue	$ 36,100	$ 189,635	$ 146,532
Working capital	$ 10,971	10,971
Goodwill impairment		2,729,834
Loss from operations		(3,927,167)	$ (21,209)
Share based compensation expense		$ 972,049

Summary Of Significant Accoun30

Summary Of Significant Accounting Policies (Details)	3 Months Ended
	Mar. 31, 2015
Office Equipment [Member] | Minimum [Member]
Estimated Useful Lives	5 years
Office Equipment [Member] | Maximum [Member]
Estimated Useful Lives	10 years
Furniture and Fixtures [Member] | Minimum [Member]
Estimated Useful Lives	5 years
Furniture and Fixtures [Member] | Maximum [Member]
Estimated Useful Lives	7 years
Vehicles [Member] | Minimum [Member]
Estimated Useful Lives	5 years
Vehicles [Member] | Maximum [Member]
Estimated Useful Lives	10 years

Summary of Significant Accoun31

Summary of Significant Accounting Policies (Details 1) - USD ($)	Mar. 31, 2015		Dec. 31, 2014
Assets
Total assets measured at fair value
Liabilities
Derivative liability – convertible notes	$ 1,805,461	[1]
Derivative liability - warrants	1,375,001	[1]
Total liabilities measured at fair value	$ 3,180,462
Fair Value, Inputs, Level 1 [Member]
Assets
Total assets measured at fair value
Liabilities
Derivative liability – convertible notes
Derivative liability - warrants
Total liabilities measured at fair value
Fair Value, Inputs, Level 2 [Member]
Assets
Total assets measured at fair value
Liabilities
Derivative liability – convertible notes
Derivative liability - warrants
Total liabilities measured at fair value
Fair Value, Inputs, Level 3 [Member]
Assets
Total assets measured at fair value
Liabilities
Derivative liability – convertible notes	$ 1,805,461
Derivative liability - warrants	1,375,001
Total liabilities measured at fair value	$ 3,180,462
[1]	Related to our financing of up to $2.5 million from the issuance of 9% convertible promissory notes and detachable warrants to various parties as described below under Financing of up to $2.5 million.

Summary of Significant Accoun32

Summary of Significant Accounting Policies (Details 2)	3 Months Ended
	Mar. 31, 2015USD ($)
Balance at December 31, 2014
Additions during the period	$ 2,636,668
Total (gain) or loss from change in fair value	543,794
Balance at March 31, 2015	$ 3,180,462
Warrant Derivative Liability [Member]
Balance at December 31, 2014
Additions during the period	$ 1,156,735
Total (gain) or loss from change in fair value	218,266
Balance at March 31, 2015	$ 1,375,001
Note Conversion Derivative Liability [Member]
Balance at December 31, 2014
Additions during the period	$ 1,479,933
Total (gain) or loss from change in fair value	325,528
Balance at March 31, 2015	$ 1,805,461

Summary Of Significant Accoun33

Summary Of Significant Accounting Policies (Details 3) - USD ($)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Numerator:
Loss available to common stockholder's	$ (6,594,125)	$ (21,209)
Denominator:
Weighted average number of common shares outstanding	32,482,799	30,748,969
Basic and diluted EPS	$ (0.20)	$ 0
The weighted average shares listed below were not included in the computation of diluted losses per share because to do so would have been antidilutive for the periods presented:
Convertible promissory notes	$ 1,920,704
Warrants	1,833,334
Preferred Stock	31,212,694

Summary of Significant Accoun34

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Mar. 31, 2015	[1]	Dec. 31, 2014
Summary Of Significant Accounting Policies Details Narrative
Derivative liability – convertible notes	$ 1,805,461
Derivative liability - warrants	$ 1,375,001
[1]	Related to our financing of up to $2.5 million from the issuance of 9% convertible promissory notes and detachable warrants to various parties as described below under Financing of up to $2.5 million.

Fixed Assets (Details)

Fixed Assets (Details) - USD ($)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Less: Accumulated depreciation	$ (874)
Property and equipment, Net
Vehicles [Member]
Property and equipment, Gross	$ 26,203

Fixed Assets (Details Narrative

Fixed Assets (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Fixed Assets Details Narrative
Depreciation expense	$ 874

Debt (Details)

Debt (Details) - USD ($)		Mar. 31, 2015		Dec. 31, 2014
Current Debt
Convertible promissory notes				$ 182,511	[1]
Convertible notes conversion derivative liability		$ 1,805,461	[2]
Warrant liability		$ 1,375,001	[2]
Promissory notes				$ 364,727
Loan payable - related party	[3]	$ 123,675		116,175
Due to related parties	[3]	160,700		195,575
Accrued interest payable		26,211	[2]	140,900	[1]
Total current debt		3,491,048		$ 999,888
Non Current Debt
Convertible promissory notes		550,000	[2]
Debt discount		(539,715)	[2]
Total non current debt		10,285
Total debt		$ 3,501,333		$ 999,888
[1]	Pre Merger debt as of December 31, 2014 that was settled in connection with the Merger by the issuance of 4 million shares of Series B Preferred stock.
[2]	Related to our financing of up to $2.5 million from the issuance of 9% convertible promissory notes and detachable warrants to various parties as described below under Financing of up to $2.5 million.
[3]	Non-interest bearing advances by related parties used to cover operations and overhead costs not covered by advertising revenues.

Debt (Details 1)

Debt (Details 1)	3 Months Ended
	Mar. 31, 2015$ / sharesshares
Common stock issuable upon conversion of notes | shares	1,920,703
Common stock issuable upon exercise of warrants | shares	1,833,334
Stock price	$ 1.25
Volatility (Annual)	60.00%
Risk-free rate	1.40%
Warrants [Member]
Strike price	$ 0.75
Maturity date	4 years
Notes [Member]
Strike price	$ 0.30
Maturity date	1 year 6 months

Debt (Details 2)

Debt (Details 2)	3 Months Ended
	Mar. 31, 2015USD ($)
Balance at December 31, 2014
Initial valuation of derivative liabilities upon issuance of new securities during the period	$ 2,636,668
Increase (decrease) in fair value of derivative liabilities	$ 543,794
Fair value of derivatives upon reclass to additional paid-in capital
Balance at March 31, 2015	$ 3,180,462
Warrant Derivative Liability [Member]
Balance at December 31, 2014
Initial valuation of derivative liabilities upon issuance of new securities during the period	$ 1,156,735
Increase (decrease) in fair value of derivative liabilities	$ 218,266
Fair value of derivatives upon reclass to additional paid-in capital
Balance at March 31, 2015	$ 1,375,001
Note Conversion Derivative Liability [Member]
Balance at December 31, 2014
Initial valuation of derivative liabilities upon issuance of new securities during the period	$ 1,479,933
Increase (decrease) in fair value of derivative liabilities	$ 325,528
Fair value of derivatives upon reclass to additional paid-in capital
Balance at March 31, 2015	$ 1,805,461

Debt (Details Narrative)

Debt (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Notes to Financial Statements
Proceeds from convertible promissory notes	$ 550,000
Warrants issued	1,833,334
Interest expense	$ 26,211
Debt discount accretion	$ 10,285

Stockholder's Equity (Details)

Stockholder's Equity (Details) - $ / shares	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Number of Warrants	2,633,334
Warrant Number 1-4 [Member]
Number of Warrants	1,833,334
Exercise Price	$ 0.75
Date of Issuance	2,015
Expiration Date	2,019
Warrant Number 22-26 [Member]
Number of Warrants	800,000
Exercise Price	$ 0.75
Date of Issuance	April 15, 2015
Expiration Date	March 20, 2019

Stockholder's Equity (Details N

Stockholder's Equity (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2015	May. 13, 2015	Dec. 31, 2014
Stockholders Equity Details Narrative
Common stock shares issued and Outstanding		$ 35,142,853	$ 1,502,477
Series A Preferred stock, shares issued	27,212,694	27,212,694	0
Series B Preferred stock, shares outstanding	4,000,000	4,000,000	0
Restricted common stock issued	30,748,969
Shares issued in exchange for services, Amount	$ 972,049
Shares issued in exchange for services, Shares	639,157
Shares issued for Columbia Funmap, Inc. acquisition, Shares	2,252,250

Columbia Funmap, Inc. Acquisi43

Columbia Funmap, Inc. Acquisition (Details) - USD ($)		Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Cash and cash equivalents			$ 9,232
Loans			$ 364,727
Line of credit
2,160,000 shares of common stock			$ 30,749
Net tangible assets acquired and liabilities assumed [Member]
Cash and cash equivalents		$ 17,240
Accounts receivable		64,382
Accounts payable		(22,193)
Loans		(3,000)
Credit cards		(6,830)
Line of credit		(61,945)
Subtotal Funmap net liabilities assumed		(12,346)
Amount of purchase price allocated to goodwill		3,479,834
Net assets acquired		3,467,488
Consideration paid [Member]
2,160,000 shares of common stock	[1]	3,369,600
92,250 shares of common stock issued for related party loans		87,888
Issuance of note		10,000
Total consideration		$ 3,467,488
[1]	The fair value of the 2,160,000 ordinary shares issued as part of the consideration paid for FUNMAP was determined on the basis of the closing price of the Company's ordinary shares of $1.84 on the acquisition date discounted 15% for lack of marketability (DLOM).

Columbia Funmap, Inc. Acquisi44

Columbia Funmap, Inc. Acquisition (Details 1) - USD ($)	1 Months Ended	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2015	Mar. 31, 2014
Net revenue	$ 36,100	$ 189,635	$ 146,532
Gross profit			86,641
Operating costs			$ 107,850
Goodwill impairment		2,729,834
Interest expense
Net Income (Loss)	$ 13,651	(6,594,125)	$ (21,209)
Proforma Adjusted Summary [Member]
Net revenue		272,214	306,947
Gross profit		133,591	199,363
Operating costs		(358,797)	$ (189,995)
Stock compensation		(972,049)
Goodwill impairment		(2,729,834)
Interest expense		(36,496)
Change in fair value of derivative liabilities		(2,630,462)
Net Income (Loss)		$ (3,963,585)	$ 9,368

Columbia Funmap, Inc. Acquisi45

Columbia Funmap, Inc. Acquisition (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2015	Mar. 31, 2014
Columbia Funmap Inc. Acquisition Details Narrative
Net Revenue	$ 36,100	$ 189,635	$ 146,532
Net Income (Loss)	$ 13,651	$ (6,594,125)	$ (21,209)

Goodwill (Details)

Goodwill (Details)	Mar. 31, 2015USD ($)
Goodwill Details
Goodwill	$ 3,479,834
Accumulated impairment	(2,729,834)
Balance	$ 750,000

Goodwill (Details Narrative)

Goodwill (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Goodwill Details
Goodwill impairment	$ 2,729,834