Massive Interactive 10-K 3 Apr 15 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2014	Mar. 24, 2015	Jun. 30, 2014
Document And Entity Information
Entity Registrant Name	Massive Interactive, Inc.
Entity Central Index Key	1481218
Document Type	10-K
Document Period End Date	31-Dec-14
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	No
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$2,038,127
Entity Common Stock, Shares Outstanding		78,789,772
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2014

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2014	Dec. 31, 2013
CURRENT ASSETS:
Cash and cash equivalents	$204,148	$1,121,181
Accounts receivable - trade, net of allowance	2,347,184	1,243,958
Other receivables	45,117	47,267
Prepayments	126,329	144,694
Work in progress	520,621	76,729
Taxes refundable	672,641	1,348,424
Total Current Assets	3,916,040	3,982,253
PROPERTY AND EQUIPMENT, net	194,910	242,092
Capitalized software costs, net	6,849,319	4,295,887
Trade name	368,886	59,654
Goodwill	10,908,202	419,000
Customer Relationships	711,842	39,538
Other assets	16,067	16,321
Total non-current assets	19,049,226	5,072,492
TOTAL ASSETS	22,965,266	9,054,745
CURRENT LIABILITIES:
Accounts payable	794,801	422,392
Accrued expenses and other current liabilities	354,033	330,236
Convertible notes payable	5,651,466	151,466
Derivative liability	2,570,400	29,317
Accrued compensation and related costs	860,443	801,009
Deferred revenue	199,804	2,103
Short-term borrowings	1,083,669	357,640
Short-term borrowings, related parties	0	921,415
Deferred tax liability	2,664,450	1,338,000
Taxes payable	435,306	0
Due to directors	146,884	0
Other current liabilities	16,486	27,408
Total Current Liabilities	14,777,742	4,380,986
LONG-TERM LIABILITIES
Accrued compensation and other related costs – non-current	55,246	80,733
Other long-term liabilities	54,720	104,673
Total long-term liabilities	109,966	185,406
TOTAL LIABILITIES	14,887,708	4,566,392
Commitments and contingencies
STOCKHOLDERS' EQUITY:
Common stock	61,186	61,186
Additional paid-in capital	45,423,175	45,423,175
Accumulated deficit	-36,425,545	-40,730,152
Accumulated other comprehensive loss	-981,258	-265,856
Total Equity	8,077,558	4,488,353
Total liabilities and stockholders' equity	$22,965,266	$9,054,745

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Revenues:
Consultancy services	$374,486	$35,424
License fee	1,086,928	121,762
Project services	11,025,380	1,064,653
Support services	344,918	16,875
Other income	586,033	26,534
TOTAL REVENUES	13,417,745	1,265,248
OPERATING EXPENSES:
General and administrative	11,573,318	1,871,686
Depreciation and amortization expense	1,192,274	73,450
TOTAL OPERATING EXPENSES	12,765,592	1,945,136
INCOME (LOSS) FROM OPERATIONS	652,153	-679,888
OTHER INCOME (EXPENSE)
Other income	0	1,608
(Loss) gain on conversion	-1,087	233,811
Gain on debt forgiveness	0	179,154
Gain on change in fair value of derivative liability	4,533,917	376,156
Interest Income	1,907	389
Interest expense	469,703	31,714
Total other income	4,065,034	759,404
Income from continuing operations before income taxes	4,717,187	79,516
Income tax (expense) benefit	-412,580	119,613
Iincome from continuing operations	4,304,607	199,129
Discontinued operations: Loss on discontinued operations	0	-7,134,893
Net income (loss)	4,304,607	-6,935,764
Comprehensive income (loss):
Foreign currency translation adjustment	-715,402	-265,856
Total comprehensive income (loss)	3,589,205	-7,201,620
Net income (loss)	4,304,607	-6,935,764
Deemed dividend - amortization of beneficial conversion feature	-1,513,561	0
Net income (loss) attributable to common stockholders	$2,791,046	($6,935,764)
Basic earnings (loss) per share:
Net income from continuing operations	$0.05	$0
Net loss from discontinued operations		($0.12)
Net income (loss)	$0.05	($0.12)
Weighted average common shares – Basic	61,176,142	61,176,142
Diluted (loss) earnings per share:
Net (loss) income from continuing operations	($0.02)	$0
Net loss from discontinued operations		($0.12)
Net loss	($0.02)	($0.12)
Weighted average common shares – Diluted	113,580,775	61,176,142

CONSOLIDATED_STATEMENTS_OF_CON

CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK STOCKHOLDERS’ EQUITY (USD $)	Common Stock	Preferred Stock	Additional Paid-In Capital	Accumulated Deficit	Foreign Currency Translation Adjustment	Total
Beginning Balance, Amount at Dec. 31, 2012	$472	$1	$36,255,685	($33,794,388)		$2,461,770
Beginning Balance, Shares at Dec. 31, 2012	469,962	1,000
Common stock issued for services, Amount	23		25,533			25,556
Common stock issued for services, Shares	22,986
Common stock issued for convertible debt conversions and accrued interest, Amount	1,997		1,634,682			1,636,679
Common stock issued for convertible debt conversions and accrued interest, Shares	1,989,194
Issuance of common stock, Amount	55,000					55,000
Issuance of common stock, Shares	55,000,000
Issuance of preferred stock, Amount		3,694	7,507,275			7,510,969
Issuance of preferred stock, Shares		3,694,055
Redemption of preferred stock, Amount		-1				-1
Redemption of preferred stock, Shares		-1,000
Conversion of preferred stock, Amount	3,694	-3,694
Conversion of preferred stock, Shares	3,694,000	-3,694,000
Net loss				-6,935,764	-265,856	-7,201,620
Ending Balance, Amount at Dec. 31, 2013	61,186		45,423,175	-40,730,152	-265,856	4,488,353
Ending Balance, Shares at Dec. 31, 2013	61,176,142	55
Net loss				4,304,607	-715,402	3,589,205
Ending Balance, Amount at Dec. 31, 2014	$61,186		$45,423,175	($36,425,545)	($981,258)	$8,077,558
Ending Balance, Shares at Dec. 31, 2014	61,176,142	55

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$4,304,607	($6,935,764)
Add back: loss from discontinued operations	0	7,134,893
Net income	4,304,607	199,129
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	1,192,274	73,450
Bad debt expense	207,506	0
Common stock issued for interest expense	0	134,294
Common stock issued for services	0	261,398
Loss on disposal of property and equipment	831	0
Derivative income	-4,533,917	-376,156
Gain on debt conversion	0	-233,811
Gain on debt forgiveness	0	-179,154
Change in assets and liabilities, net of assets acquired and liabilities assumed:
Accounts receivable	-1,311,751	110,404
Development work in process	-443,892	-131,369
Taxes refundable	675,783	0
Other current assets	-9,441	-51,575
Accounts payable and accrued expenses	211,059	-318,339
Other current liabilities	47,159	0
Deferred revenue	197,701	0
Taxes payable	435,306	0
Deferred tax liability	354,450	0
Net cash provided by (used in) operating activities – continuing operations	1,327,675	-511,729
Net cash provided by (used in) operating activities – discontinued operations	0	-515,295
Net cash provided by (used in) operating activities	1,327,675	-1,027,024
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital Software Expenditures	-1,917,930	-149,293
Cash received in acquisitions	20,203	0
Cash paid for acquisitions, net of cash	0	-2,930,631
Change in restricted cash	0	75,313
Net cash (used in) provided by investing activities – continuing operations	-1,897,727	-3,004,611
Net cash (used in) provided by investing activities – discontinued operations	0	329,020
Net cash (used in) provided by investing activities	-1,897,727	-2,675,591
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from advances - related parties	1,770,918	155,918
Repayment of advances – related parties	-1,906,883	-7,000
Proceeds from short-term notes payables	0	92,929
Proceeds from sale of common stock	0	55,000
Proceeds from sale of preferred stock	0	5,445,000
Repayment of other liabilities	-63,944	-768,814
Redemption of preferred stock	0	-1
Net cash (used in) provided by financing activities – continuing operations	-199,909	4,973,032
Net cash (used in) provided by financing activities – discontinued operations	0	0
Net cash (used in) provided by financing activities	-199,909	4,973,032
Effect of exchange rates on cash and cash equivalents	-147,072	-175,590
Net change in cash and cash equivalents	-917,033	1,094,827
Cash and cash equivalents at beginning of year	1,121,181	26,354
Cash and cash equivalents at end of year	204,148	1,121,181
Supplemental cash flow information
Cash paid for interest	9,204	82,253
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES:
Fair value of convertible note issued for acquisition, net of cash received	12,554,797	0
Common stock issued for notes payable and accrued interest	0	1,636,679
Common stock issued for related party debts	$0	$2,304,706

1_Description_of_Business

1. Description of Business	12 Months Ended
	Dec. 31, 2014
Description Of Business
NOTE 1 - Description of Business	Massive Interactive, Inc. (the “Company”) a leading provider of innovative solutions for the management, delivery and streaming of Internet Protocol (IP)-based video and media assets.  The Company’s comprehensive software platform enables enterprise customers to acquire, manage and distribute their video assets across just about every device used by consumers including games consoles, smart TV’s, tablets, smart phones, Internet-enabled set top boxes and other internet linked devices.  The Company’s suite of products includes, but is not limited to, MDK, a cross-device software development solution, MUI, a cross devices suite of User Interfaces, MSM, a powerful video management Content Management System (CMS), and MVP, a complete end-to-end managed video platform.  The Company offers its solutions over the Internet as a subscription service model using a software-as-a-service (SaaS) or an on-demand model, and by installing software onsite for clients as part of an enterprise licensing model.  The Company’s software addresses the unique needs found across different industry verticals, each with the shared aim of offering video to consumers across multiple devices.  The verticals the Company addresses are across Telecommunications, Media, Technology, Hospitality, Automotive, Travel, Leisure and Publishing.
	In addition to the Company’s software business, it operates design services and technical services businesses.  The Company’s services work includes: creative interface design, branding strategies, strategic planning and technical/systems integration services.  The Company currently provides its software solutions, professional and creative services internationally through its offices in New York, London, Prague and Sydney.
	In the fourth quarter of 2013, as part of the acquisition of Massive Media Pty Ltd., the Company proceeded to exit the oil and gas operations related to the properties owned while the entity operated as Xtreme Oil and Gas (“Xtreme”).  As such, the Company reported all activity related to Xtreme as discontinued operations beginning with the financial results presented in the Annual Report on this form 10-K for the year ended December 31, 2014.  See Note 5 Discontinued Operations and Assets Held for Sale for more information.
	Organizational History
	Xtreme Technologies, Inc. was incorporated in the state of Washington in 2003 with a focus on telecommunications technologies.  By early 2006 that business ceased operations and had no assets, becoming a shell company at that time. In December 2006, Xtreme Technologies, Inc. acquired Emerald Energy Partners, LLC for 7,960,000 shares of Common Stock and changed its name to Xtreme Oil & Gas, Inc.  Immediately prior to its acquisition of Emerald Energy Partners, LLC, Xtreme Technologies, Inc. effected a one for 500 reverse stock split resulting in 185,516 shares outstanding.
	The acquisition of Emerald Energy Partners, LLC is treated for accounting purposes as an acquisition of Xtreme Technologies, Inc. by Emerald Energy Partners and a re-capitalization of the limited liability company. With the acquisition of Emerald Energy Partners LLC, Xtreme began to acquire and to develop additional oil and gas properties.
	On November 7, 2013, Xtreme sold 55 shares of Series B Redeemable Preferred Stock to Rolling Hill Capital Management LLC (“Rolling Hill”) and 55,000,000 shares of common stock to Southport Lane Equity II, LLC, a wholly owned subsidiary of Southport Lane, LP, in exchange for an aggregate of $5,500,000.  Rolling Hill then distributed 40 shares of the preferred stock to its equity holder, Redwood Reinsurance, SPC, Ltd (“Redwood”) and 15 shares of its preferred stock to its equity holder Freestone Insurance Company, f/k/a Dallas National Insurance Company (“Freestone”).
	Southport Equity II, LLC used its available cash as capitalized by its parent, Southport Lane, LP, to fund its purchase of the Common Stock.  There was no controlling party of the Company prior to this investment by Southport Equity II, LLC.
	On November 15, 2013 Xtreme acquired all of the issued and outstanding capital stock of Massive Media Pty Ltd. (“Massive Media”) a proprietary limited company organized under the laws of New South Wales, Australia, from the shareholders of Massive in exchange for $4,167,190 pursuant to a stock purchase agreement dated October 17, 2013.  Of the proceeds, approximately $866,000 was to be paid to settle certain debts of Massive Media simultaneously as part of the acquisition; the remaining proceeds of $3.3 million was transferred at settlement for the stock.
	On November 25, 2013 Xtreme changed its name to Massive Interactive, Inc.
	On May 1, 2014, Massive Interactive, Inc. consummated the purchase of all outstanding shares of Wunderkind Group Pty Ltd. (“Wunderkind”) pursuant to a Stock Purchase Agreement in exchange for a convertible promissory note issued by the Company (the "Wunderkind Note").  The Wunderkind Note, which is for the principal amount of $5.5 million, bears interest at the rate of 0.5% annually. It becomes due and payable on May 1, 2015, unless settled in shares of our Common Stock. The Wunderkind Note is convertible into 45% of the total shares of our Common Stock issued and outstanding on a fully diluted basis on the date of conversion.
	Going Concern
	The Company's cash balance at December 31, 2014 is insufficient to pay the Wunderkind Note if it is not settled in shares of our Common Stock when it becomes due and payable on May 1, 2015. As such, there is substantial doubt the Company will be able to continue as a going concern without additional sources of funding, which the Company might not be able to obtain. The Company does not have the ability to obtain short term financing on commercially reasonable terms because two of its large stockholders have been judicially declared insolvent and its largest common stockholder, Southport Lane Equity II, LLC, is under common control with the insolvent entities causing lenders to view the Company as a credit risk. Management is considering its options to raise additional funds for the Company including, but not limited to, private and/or public offerings of debt or equity securities and other transactions, but it cannot assure you that its plans will be successful.  In view of the foregoing, there is substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements in this Form 10-K do not include any adjustments that might result from the Company’s inability to continue as a going concern.

2_Prior_Year_Restatement

2. Prior Year Restatement	12 Months Ended
	Dec. 31, 2014
Accounting Changes and Error Corrections [Abstract]
2. Prior Year Restatement	In connection with completing the consolidated financial statements as of December 31, 2014, the Company determined that it had previously incorrectly accounted for the deferred tax liability associated with it’s acquisition of Massive Media on November 15, 2013.  This error resulted in an understatement of the Company’s deferred tax liability which consequently resulted in both an understatement of goodwill and the inappropriate recognition of a gain on the purchase. The effect of correcting the Company’s prior year financial statements is presented as follows:
	Financial Statement Caption	As Previously Reported			As Restated
	Goodwill - 12/31/13	$	-		$	419,000
	Deferred tax liability - 12/31/13	$	190,371		$	1,338,000
	Depreciation and amortization - 12/31/13	$	70,831		$	73,450
	Gain on bargain purchase - 12/31/13	$	726,010		$	-
	Net loss - 12/31/13	$	(6,207,135	)	$	(6,935,764	)
	The effect of correcting the Company’s prior year Massive Media acquisition disclosure is presented as follows:
		As Previously Reported			As Restated
	Cash	$	3,301,907		$	3,301,907
	Short-term borrowings - related parties assumed		1,703,563			1,703,563
	Short-term borrowings assumed		275,657			275,657
	Gain on purchase		726,010			-
	Total consideration	$	6,007,137		$	5,281,127
	The consideration transferred was allocated across the net assets of the Company as follows:
		As Previously			As Restated
		Reported
	Cash and cash equivalents	$	371,276		$	371,276
	Receivables, trade and other		1,448,770			1,448,770
	Taxes refundable		1,317,842			1,317,842
	Property, plant and equipment, net		250,621			250,621
	Capitalized software costs, net		4,360,000			4,360,000
	Trade names, net		60,000			60,000
	Goodwill		-			419,000
	Customer relationships, net		40,000			40,000
	Other assets		109,440			109,440
	Accounts payable and accrued expenses		(1,529,128	)		(1,529,128	)
	Deferred tax liability		(192,990	)		(1,338,000	)
	Other liabilities		(228,694	)		(228,694	)
	Net assets acquired	$	6,007,137		$	5,281,127
	This restatement had no impact on the Company’s previously reported income from operations or cash flows from operations; the Company has determined that the impact of this restatement is not material to the previously issued annual and interim unaudited consolidated financial statements using the guidance of SEC Staff Accounting Bulletin ("SAB”) No. 99 and SAB 108.

3_Significant_Accounting_Polic

3. Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
3. Significant Accounting Policies	Basis of Presentation
	This summary of significant accounting policies of the Company is presented to assist in understanding the Company’s financial statements.  The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity.  These accounting policies conform to accounting principles generally accepted in the United States of America (“GAAP”) and have been consistently applied in the preparation of the financial statements.
	Principles of Consolidation
	The consolidated financial statements include the financial statements of the Company and its subsidiaries, Massive Media Pty Ltd., Massive Interactive Media Ltd., and Wunderkind Group Pty Ltd.  As part of the acquisition of Massive Media Pty Ltd and its controlled entities by the Company, it discontinued all oil and gas operations related to properties owned in Texas and Oklahoma.  Financial results related to the oil and gas operations are reported as discontinued operations beginning with the financial results as of December 31, 2013 (See Note 5 Discontinued Operations and Assets Held for Sale).
	Use of Estimates
	The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period.  Actual results could differ from those estimates.
	On an ongoing basis, the Company evaluates its estimates, including those related to the accounts receivable allowance, the useful lives of long-lived assets and other intangible assets, and income taxes, among others.  The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying value of assets and liabilities as well as reported revenue and expenses during the periods presented.
	Cash and Cash Equivalents
	Cash and cash equivalents represent cash on hand and deposits held at call with banks.  The Company considers all highly liquid investments with original maturities of three months or less at the time of purchase to be cash equivalents.
	Fair Value of Financial Instruments
	Pursuant to the Accounting Standards Codification (“ASC”) No. 820, “Disclosures About Fair Value of Financial Instruments”, the Company records its financial assets and liabilities at fair value.  ASC No. 820 provides a framework for measuring fair value, clarifies the definition of fair value and expands disclosures regarding fair value measurements. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the reporting date.  ASC No. 820 establishes a three-tier hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value:
	Level 1—Inputs are unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date.
	Level 2—Inputs (other than quoted prices included in Level 1) are either directly or indirectly observable for the asset or liability through correlation with market data at the measurement date and for the duration of the asset/liability’s anticipated life.
	Level 3—Inputs reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs to the model.
	The carrying values for cash and cash equivalents, accounts receivable, other current assets, accounts payable and accrued liabilities approximate their fair value due to their short maturities.
	Accounts Receivable
	Receivables from services are recognized and carried at the original invoice amount less allowance for any uncollectible amounts.
	Management periodically reviews receivables for collectability.  An estimate for doubtful accounts is made when collection of the full amount is no longer probable.  Uncollectible receivables are charged off against the allowance account.   An allowance for doubtful accounts of $207,506 and $0 was recorded as of December 31, 2014 and 2013, respectively.
	The Company did not have any off balance-sheet credit exposure relating to its customers, suppliers or others.
	Concentration of Credit Risk
	Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable for which the carrying amounts approximate fair value.  The Company places their cash and cash equivalents with financial institutions with high-credit ratings and quality.
	The Company conducts credit evaluations of customers and generally does not require collateral or other security from customers.  The Company establishes an allowance for doubtful accounts primarily based upon the age of the receivables and factors relevant to determining the credit risk of specific customers.  The amount of receivables ultimately not collected by the Company has generally been consistent with management’s expectations and the allowance established for doubtful accounts.
	Major customers
	The Company has 2 significant customers, which accounted for 15% and 27% of the revenues for the year ended December 31, 2014.  The Company’s sales to its top five customers accounted for approximately 66% and 27% of revenues during the year ended December 31, 2014 and 2013, respectively.  These customers accounted for approximately 84% and 34% of accounts receivable balance as of December 31, 2014 and 2013, respectively.
	Major suppliers
	The Company had purchases from five vendors that accounted for approximately 25% and 51% of purchases during the year ended December 31, 2014 and December 31, 2013, respectively.  These vendors accounted for approximately 22% and 11% of accounts payable balance as of period ended December 31, 2014 and December 31, 2013, respectively.
	Segment Reporting
	ASC 280, Segment Reporting, establishes standards for reporting information about operating segments.  Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision making group, in deciding how to allocate resources and in assessing performance.  The Group’s chief operating decision maker is the Chief Executive Officer, who reviews consolidated results of operations prepared in accordance with US GAAP when making decisions about allocating resources and assessing performance of the Group; hence, the Group has only one operating segment, namely the software development services.
	Income Taxes
	The Company recognizes deferred income tax liabilities and assets for the expected future income tax consequences of temporary differences between financial accounting bases and income tax bases of assets and liabilities.  Deferred income taxes are measured by applying currently enacted income tax rates.  The Company accounts for uncertainty in income taxes for income tax positions taken or expected to be taken in an income tax return.  Only income tax positions that meet the more-likely-than-not recognition threshold will be recognized.
	This process includes an analysis of whether tax positions the Company takes with regard to a particular item of income or deduction would meet the definition of an uncertain tax position under the standards.  Management believes that tax positions taken by the Company with regard to income and deduction do not constitute any uncertain tax positions under the standards.
	Goods and Services Tax/Value Added Tax
	The Company's Australian operations are subject to the Goods and Services Tax on revenue sales of 10%. The Company's English operations are subject to the Value Added Tax on revenue sales of 20%.
	Revenue Recognition
	The Company recognizes revenue when it is realized and earned. Specifically, the Company recognizes revenue when services are performed and projects are completed and accepted by the customer.
	The Company recognizes revenue in accordance with the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (“ASC”) 985-605 “Software - Revenue Recognition”.
	Project Services Revenue
	Revenue derived from services primarily includes consulting, implementation, and training.  Fees are primarily billed under time and materials arrangements and are recognized as services are performed.
	License Fees Revenue
	License revenue in connection with license agreements for standard proprietary software is recognized upon delivery of the software, provided collection is considered probable and the fee is fixed or determinable.
	Support Revenue
	Revenue derived from technical support contracts primarily includes telephone consulting and on-site support as well as error reporting and correction services.  Maintenance contracts are typically sold for a separate fee with initial contractual period of one year with renewal for additional periods thereafter.  Technical support service revenue is recognized ratably over the term of the service agreement.
	Deferred Revenue
	Deferred revenue represents advance payments or billings for software licenses, services, and maintenance.
	Cost of Revenues
	Cost of revenues for licenses includes amortization of capitalized computer software development costs.  Costs for maintenance and services revenues include the cost of personnel to conduct implementations, customer support and consulting, and other personnel-related expenses.
	Foreign Currency Translation
	The functional currency of the Massive Media Pty Ltd. and Wunderkind Group Pty Ltd. is Australian Dollars (“AUD”). The functional currency of Massive Interactive Media Ltd is Great British Pounds ("GBP").
	For financial reporting purposes, the financial statements of the Company and its subsidiaries, which are prepared using each entity's functional currency, are translated into the Company’s reporting currency, the United States Dollar (“USD”).  Assets and liabilities are translated using the exchange rate at each balance sheet date.  Revenue and expenses are translated using average rates prevailing during each reporting period, and shareholders’ equity is translated at historical exchange rates.  Adjustments resulting from the translation are recorded as a separate component of accumulated other comprehensive income in shareholders’ equity.
	The exchange rates applied are as follows:
			Year			Year
			2014			2013
	Year end AUD to USD exchange rate		0.8207			0.8941
	Year end GBP to USD exchange rate		1.561			1.6561
	Average AUD to USD exchange rate		0.8983			0.9578
	Average GBP to USD exchange rate		1.6454			1.5669
	Property and Equipment
	Furniture and office equipment, electronic equipment and motor vehicles are recorded at cost less accumulated depreciation.  Depreciation is calculated based on estimated useful life of the assets.
		Rate		Method
	Motor Vehicles	25%		Diminishing value
	Furniture	20%		Straight line
	Office equipment	33%		Diminishing value
	Telecommunication equipment	20%		Diminishing value
	Purchased Software	40%		Straight line
Leasehold improvements	50%		Straight line
When furniture and office equipment, electronic equipment and motor vehicles are retired or otherwise disposed of, resulting gain or loss is included in net income or loss in the year of disposition for the difference between the net book value and proceeds received thereon. Maintenance and repairs which do not improve or extend the expected useful lives of the assets are charged to expenses as incurred.
Impairment of Long-Lived Assets
In accordance with Impairment or Disposal of Long-Lived Assets Subsections of FASB ASC Subtopic 360-10, Property, Plant, and Equipment - Overall, long-lived assets, such as property, plant and equipment, and purchased intangible assets subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.  If circumstances require a long-lived asset or asset group be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying value.  If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying value exceeds its fair value.  Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary.  No impairment of long-lived assets was recognized for the period ended December 31, 2014 and year ended December 31, 2013 respectively.
Capitalized Computer Software Development Costs
The Company capitalizes software development costs in accordance with the FASB ASC Topic 985-20 Costs of Software to be Sold, Leased or Marketed.  All software development costs are capitalized and reported at the lower of unamortized cost or net realizable value. Capitalization ceases when the product or enhancement is available for general release to customers.
The Company makes ongoing evaluations of the recoverability of its capitalized software projects by comparing the net amount capitalized for each product to the estimated net realizable value of the product.  If such evaluations indicate that the unamortized software development costs exceed the net realizable value, the Company writes off the amount by which the unamortized software development costs exceed net realizable value.  The Company's capitalized computer software development costs are being amortized ratably based on the projected revenues associated with the related software or on a straight-line basis over five years, whichever method results in a higher level of amortization.
Intangible Assets
The Company amortizes intangible assets on a straight line basis over their estimated useful lives, generally as follows: four to nine years for software, ten to twenty years for customer relationships and trade names, and one to five years for other intangible assets, except goodwill. Goodwill is not amortized, but subject to impairment testing.
Operating Leases
Leases where substantially all the rewards and risks of ownership of assets remain with the lesser are accounted for as operating leases. Payments made under operating leases are charged to the consolidated statements of operations on a straight-line basis over the lease periods.
The Company leases office rental spaces in Sydney, Australia and London, England.
Derivative Instruments
The Company’s debt or equity instruments may contain embedded derivative instruments, such as conversion options, which in certain circumstances may be required to be bifurcated from the associated host instrument and accounted for separately as a derivative instrument liability.
The identification of, and accounting for, derivative instruments is complex.  The Company’s derivative instrument liabilities are re-valued at the end of each reporting period, with changes in the fair value of the derivative liability recorded as charges or credits to income, in the period in which the changes occur.  For bifurcated conversion options related to the notes issued in 2011 (see Note 15 Borrowings) that are accounted for as derivative instrument liabilities, the Company determines the fair value of these instruments using binomial option pricing model.  That model requires assumptions related to the remaining term of the instrument and risk-free rates of return, the Company’s current Common Stock price and expected dividend yield, and the expected volatility of the Company’s Common Stock price over the life of the option.
For the bifurcated conversion option related to the convertible note issued in 2014 (see Note 15 Borrowings ) in connection with the Wunderkind Acquisition, the Company determined the fair value of the instruments using the Monte Carlo Valuation Model, due to the multitude of possible outcomes for the instrument.  This model requires assumptions related to the remaining term of the instrument and risk-free rates of return, the Company's current Common Stock price and expected dividend yield, and the expected volatility of the Company's Common Stock price over the life of the option.
Deemed dividend
We incur a deemed dividend on Series B Preferred Redeemable Stock. As the conversion rate was less than the deemed fair value of the Common Stock of $0.20, the Series B Preferred Redeemable Stock contains a beneficial conversion feature as described in ASC 470.  The difference in the stated conversion price and estimated fair value of the Common Stock is accounted for as a beneficial conversion feature and affects income or loss available to common stockholders for purposes of EPS.
Earnings per Share
The Company adopted ASC 260, "Earnings Per Share" ("EPS"), which requires presentation of basic and diluted EPS on the face of the income statement for all entities with complex capital structures, and requires a reconciliation of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS computation.  In the accompanying financial statements, basic earnings (loss) per share is computed by dividing net income (loss) applicable to common stockholders by the weighted average number of shares of Common Stock outstanding during the period.  Diluted net income per common share is computed by dividing the net income applicable to common stockholders, adjusted on an "as if converted" basis, by the weighted average number of common shares outstanding plus potential dilutive securities.  Diluted EPS excluded all dilutive potential shares if their effect is anti-dilutive.
The following sets forth the computation of diluted EPS for the year ended December 31, 2014:
		Year ended Dec 31, 2014
		Net Income Available to Common Stockholders (Numerator)				Shares (Denominator)		Per Share Amount
Basic EPS		$	2,791,046				61,176,142	$	0.05
Change in fair value of derivative instruments			(4,533,917	)			-
Dilutive shares related to notes and warrants			-				52,404,633
Dilutive EPS		$	(1,742,871	)			113,580,775	$	(0.02	)
		Year ended Dec 31, 2013
		Net Income Available to Common Stockholders (Numerator)				Shares (Denominator)		Per Share Amount
Basic and Diluted EPS – continuing operations		$	199,129				61,176,142	$	0
Basic and Diluted EPS – discontinued operations			(7,134,893	)			61,176,142		(0.12	)
Basic and Diluted EPS			(6,935,764	)					(0.12	)
Basic net income per share is based on the weighted average number of common and common equivalent shares outstanding.  Potential common shares includable in the computation of fully diluted per share results are not presented for the year ended December 31, 2013 in the consolidated financial statements as their effect would be anti-dilutive.  The total number of shares issuable upon conversion of preferred shares that were not included in dilutive earnings per share for the year ended December 31, 2014 was 15,544,523.
Net Income (Loss) Attributable to Common Shares
The Company is required to provide basic and dilutive earnings per common share information.  The basic net loss per common share is computed by dividing the net loss applicable to common stockholders by the weighted average number of common shares outstanding.  Diluted net loss per common share is computed by dividing the net loss applicable to common stockholders, adjusted on an "as if converted" basis, by the weighted average number of common shares outstanding plus potential dilutive securities.  For the years ended December 31, 2014 and 2013, there were 52,404,633 and 0 shares, respectively.
Commitments and Contingencies
In the normal course of business, the Company is subject to loss contingencies, such as legal proceedings and claims arising out of its business, that cover a wide range of matters, including, among others, government investigations, product and environmental liability, and tax matters.  In accordance with ASC 450-20, Accounting for Contingencies, the Company records accruals for such loss contingencies when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated.  Historically, the Company has not experienced any material service liability claims.
Recent Accounting Pronouncements
We have adopted recently issued accounting pronouncements and have determined that they have no material effect on our financial position, results of operations, or cash flow.  We do not expect any recently issued but not yet adopted accounting pronouncements to have a material effect on our financial position, results of operations or cash flow.
In July 2012, the FASB issued ASU No. 2012-02, Intangibles-Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment (“ASU 2012-02”), allowing entities the option to first assess qualitative factors to determine whether it is necessary to perform the quantitative impairment test.  If the qualitative assessment indicates it is more-likely-than-not that the fair value of an indefinite-lived intangible asset is less than its carrying amount, the quantitative impairment test is required.  Otherwise, no testing is required. ASU 2012-02 is effective for reporting periods beginning January 1, 2013.  The adoption of this update did not have a material impact on the consolidated financial statements but may have an impact in future periods.
In February 2013, the FASB issued ASU 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (“ASU 2013-02”).  ASU 2013-02 is intended to improve the reporting of reclassifications out of accumulated other comprehensive income.  Accordingly, an entity is required to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under GAAP to be reclassified in its entirety to net income.  For other amounts that are not required under GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under GAAP that provide additional detail about those amounts.  ASU 2013-02 is effective for reporting periods beginning after December 15, 2012.  The Company adopted ASU 2013-02 effective January 1, 2013 and the adoption did not have a material impact on the Company’s consolidated financial statements.
In March 2013 the FASB issued ASU 2013-05, Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity.  This standard is an update to clarify existing guidance for the release of cumulative translation adjustments into net income when a parent sells all or a part of its investment in a foreign entity or achieves a business combination of a foreign entity in stages.  The amendments in this Update are effective prospectively for fiscal years (and interim reporting periods within those years) beginning after December 15, 2013.  The adoption of this guidance did not have a material impact on the Company's results of operations, cash flows or financial position.
In July 2013 the FASB issued ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.  This guidance to require standard presentation of an unrecognized tax benefit when a carryforward related to net operating losses or tax credits exists.  The amendments in this Update are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013.  The adoption of this guidance did not have a material impact on the Company's results of operations, cash flows or financial position.
In May 2014 the FASB issued ASU 2014-09, Revenue from Contracts with Customers, as a new Topic, Accounting Standards Codification (ASC) Topic 606.  The new revenue recognition standard provides a five-step analysis of transactions to determine when and how revenue is recognized.  The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.  This ASU is effective for public companies for annual periods beginning after December 15, 2016 (fiscal 2018) and shall be applied retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption.  The Company is evaluating the effect of adopting this new accounting guidance.
In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements-Going Concern-Disclosures of Uncertainties about an entity's Ability to Continue as a Going Concern ("ASU 2014-15"). ASU 2014-15 provides new guidance related to management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards and to provide related footnote disclosures. This new guidance is effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. The Company is currently assessing the impact on the Company's disclosures and financial statements.

4_Acquisition_of_Massive_Media

4. Acquisition of Massive Media	12 Months Ended
	Dec. 31, 2014
Business Combinations [Abstract]
4. Acquisition of Massive Media	The following transactions were accounted for using the acquisition method which requires, among other things, that the assets acquired and liabilities assumed be recognized at their fair values as of the acquisition date.  Goodwill is calculated as the excess of the consideration transferred over the net assets recognized and represents the expected revenue and cost synergies of the combined business.
	Massive Media
	On November 15, 2013 the Company acquired all of the issued and outstanding capital stock of Massive Media, a proprietary limited company organized under the laws of New South Wales, Australia, from the shareholders of Massive Media in exchange for $3,301,907 in cash pursuant to a stock purchase agreement dated October 17, 2013.  The Company’s preliminary valuations for the property, plant and equipment, inventory, and intangible assets were performed at the date of acquisition. Subsequent to the date of acquisition, the Company engaged a third party to perform a formal valuation of the intangible assets.
	The final purchase consideration for the 2013 acquisition of Massive Media was calculated as follows:
	Cash	$	3,301,907
	Short-term borrowings - related parties assumed		1,703,563
	Short-term borrowings assumed		275,657
	Total consideration	$	5,281,127
	The consideration transferred was allocated across the net assets of the Company as follows:
		Fair Value
	Cash and cash equivalents	$	371,276
	Receivables, trade and other		1,448,770
	Taxes Refundable		1,317,842
	Property, plant and equipment, net		250,621
	Capitalized software costs, net		4,360,000
	Trade names, net		60,000
	Customer relationships, net		40,000
	Other assets		109,440
	Accounts payable and accrued expenses		(1,529,128	)
	Deferred tax liability		(1,338,000	)
	Other liabilities		(228,694	)
	Goodwill		419,000
	Net assets acquired	$	5,281,127
	Unaudited pro forma results of operations data for the years ended December 31, 2014 and 2013 are shown below as if the Company and the entities described above had been combined on January 1, 2013.  The pro forma results include estimates and assumptions which management believes are reasonable.  However, pro forma results do not include any anticipated cost savings or other effects of the planned integration of these entities, and are not necessarily indicative of the results that would have occurred if the business combinations had been in effect on the dates indicated, or which may result in the future.  The below table excludes balances for operations that were discontinued; see Note 5 Discontinued Operations and Assets Held for Sale below for additional information.
		Unaudited Pro Forma Results of Operations
		Years Ended December 31, 2013
	Revenues from continuing operations	$	7,843,430
	Income (loss) from continuing operations	$	(2,393,800	)
	Net income from continuing operations	$	103,875
	Basic income per share:	$	0
	Proforma shares outstanding - Basic	$	61,176,142
	Wunderkind
	On May 1, 2014, the Company consummated the purchase of all outstanding shares of Wunderkind pursuant to a Stock Purchase Agreement in exchange for a convertible promissory note (the “Wunderkind Promissory Note”) issued by the Company.  The principal amount of the promissory note is $5.5 million and it is convertible into 45% of the total shares of the Company’s Common Stock issued and outstanding on a fully diluted basis on the date of conversion.  The Wunderkind Promissory Note has a term of one year and bears interest at the rate of 0.5% annually.
	The Stock Purchase Agreement was entered into in accordance with the terms of a binding letter of intent with the Company’s Chief Executive Officer, Ronald Downey, as earlier disclosed in the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on April 1, 2014.  Mr. Downey is the majority shareholder of Wunderkind.  The Stock Purchase Agreement contains customary representations and warranties and covenants of each party. Breaches of the representations and warranties will be subject to customary indemnification provisions.
	The purchase price is calculated as follows:
	Convertible note	$	5,500,000
	Fair value of conversion feature		7,075,000
	Total estimated purchase price	$	12,575,000
	The preliminary purchase price allocation as of the date of acquisition is set forth in the table below and reflects various fair value estimates and analysis.  These estimates were determined through established and generally accepted valuation techniques including preliminary work performances by third-party valuation specialists, and are subject to change during the purchase price allocation period (up to one year from the acquisition date) as valuations are finalized.
	Cash and cash equivalents	$	20,203
	Trade names and Trademarks		360,000
	Developed Software		2,100,000
	Customer relationships		780,000
	Goodwill		10,489,202
	Property, plant and equipment		2,860
	Deferred tax liability		(972,000	)
	Net working capital, net of cash		(205,265	)
	Total estimated purchase price	$	12,575,000
	Unaudited pro forma results of operations data for the years ended December 31, 2014 and 2013 are shown below as if the Company and the entities described above had been combined on January 1, 2013.  The pro forma results include estimates and assumptions which management believes are reasonable.  However, pro forma results do not include any anticipated cost savings or other effects of the planned integration of these entities, and are not necessarily indicative of the results that would have occurred if the business combinations had been in effect on the dates indicated, or which may result in the future.  The below table excludes balances for operations that were discontinued; see Note 5 Discontinued Operations and Assets Held for Sale below for additional information.
		Unaudited Pro Forma Results of Operations
		Years Ended December 31,
		2014			2013
	Revenues from continuing operations	$	13,485,851		$	8,242,366
	Income (loss) from continuing operations	$	4,700,586		$	(1,744,560	)
	Net income from continuing operations	$	4,294,974		$	(682,282	)
	Basic income per share:	$	0.07		$	0.01
	Proforma shares outstanding - Basic		61,176,142			61,176,142

5_Discontinued_Operations_and_

5. Discontinued Operations and Assets Held for Sale	12 Months Ended
	Dec. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]
5. Discontinued Operations and Assets Held for Sale	In the fourth quarter of 2013, as part of the acquisition of Massive Media Pty Ltd., the Company’s management decided to exit the oil and gas operations related to the properties owned while the entity operated as Xtreme.  The Company completed the sale of the Oklahoma and Kansas assets for approximately $341,000 in cash, plus the transfer of approximately $1.3 million in liabilities to the purchaser.  In addition, the leases expired on all the remaining assets in Texas and Xtreme secured a release from the leaseholder for all future liabilities.
	The Company held no assets and liabilities as discontinued operations at December 31, 2014 and 2013.
	The following table shows certain components of the results of operations of the Company’s discontinued operations:
		For the year ended December 31,
		2014		2013
	Revenues	$	-	$	9,053
	Loss from discontinued operations	$	-	$	(635,824	)
	Loss on disposal of discontinued operations	$	-	$	(6,499,069	)
	Loss from discontinued operations	$	-	$	(7,134,893	)
	Basic loss per share attributable to discontinued operations	$	-	$	(0.12	)
	Diluted loss per share attributable to discontinued operations	$	-	$	(0.12	)

6_Accounts_receivable_trade

6. Accounts receivable b trade	12 Months Ended
	Dec. 31, 2014
Receivables [Abstract]
6. Accounts receivable b trade	Accounts receivable consisted of the following at December 31:
		2014			2013
	Trade Debtors	$	2,512,797		$	1,215,411
	Accrued Income		35,291			28,547
	Client Reimbursements		6,602			-
	Allowance for doubtful accounts		(207,506	)		-
	Accounts receivable – trade, net of allowance	$	2,347,184		$	1,243,958
	The Company has not had any write-off of trade receivables during the years presented and a provision for doubtful accounts of $207,506 was deemed appropriate at December 31, 2014.

7_Other_receivables

7. Other receivables	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
7. Other receivables	Other receivables consisted of the following at December 31:
		2014		2013
	Employee Advance	$	31,691	$	40,834
	Other Debtors		13,426		6,433
	Other receivables	$	45,117	$	47,267
	Other debtors include minor and very short term non trade receivables from staff, suppliers and bank items.  The Company has not had any write-off of trade receivables during the years presented and no provision for doubtful accounts was deemed necessary.

8_Prepayments

8. Prepayments	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
8. Prepayments	Prepayments consisted of the following at December 31:
		2014		2013
	Prepaid expenses	$	126,329	$	144,694
		$	126,329	$	144,694

9_Property_and_Equipment

9. Property and Equipment	12 Months Ended
	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
9. Property and Equipment	Property and equipment, net consisted of the following at December 31:
		2014			2013
	Furniture and Fixtures	$	47,719		$	22,132
	Motor Vehicles		12,948			44,560
	Purchased Software		58,680			58,588
	Office Equipment		225,694			125,341
	Property and Equipment - gross		345,041			250,621
	Less: Accumulated depreciation		(150,131	)		(8,529	)
	Property and Equipment, net	$	194,910		$	242,092
	Depreciation expense totaled $113,517 and $8,529 for the years ended December 31, 2014 and 2013, respectively.

10_Other_assets_net

10. Other assets, net	12 Months Ended
	Dec. 31, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
10. Other assets, net	Other assets consisted of the following at December 31:
		2014		2013
	Bonds	$	15,374	$	15,569
	Other		693		752
	Other assets	$	16,067	$	16,321
	Bonds for December 31, 2014 consisted primarily of office rental bonds/holding deposits.

11_Intangible_Assets

11. Intangible Assets	12 Months Ended
	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible assets consist of the following:
		31-Dec-14										December 31, 2013
		Gross			Accumulated				Net			Gross			Accumulated				Net
		Amount			Amortization				Amount			Amount			Amortization				Amount
	Capitalized Software Costs		$	7,833,725		$	(984,406	)		$	6,849,319		$	4,360,000		$	(64,113	)		$	4,295,887
	Tradenames			420,000			(51,114	)			368,886			60,000			(346	)			59,654
	Customer Relationships			820,000			(108,158	)			711,842			40,000			(462	)			39,538
	Goodwill			10,908,202			-				10,908,202			419,000			-				419,000
	Total		$	19,981,927		$	(1,143,678	)		$	18,838,249		$	4,879,000		$	(64,921	)		$	4,814,079
	Amortization expense amounted to $1,078,757 and $64,921 for the years ended December 31, 2014 and 2013, respectively.
	The following represents the Company’s expected amortization expense for the years ending December 31:
			2014
	2015			2,032,557
	2016			2,032,557
	2017			2,032,557
	2018			1,832,875
	2019			-
	Thereafter			-
			$	7,930,546
	The following table sets forth the changes in the Company’s goodwill during the year ended December 31, 2014 resulting from the acquisition by the Company of its operating subsidiary.
	The following table summarizes the Company’s goodwill as of December 31, 2014 and 2013:
			Goodwill
	31-Dec-13		$	419,000
	Acquisition of Wunderkind			10,489,202
	Balance at December 31, 2014		$	10,908,202
	The Wunderkind Group Pty Ltd acquisition was completed in May 2014 and the operations have been integrated into the existing business. The benefits of the acquisition have resulted in increased revenues for the Group.

12_Fair_Value_Measurements

12. Fair Value Measurements	12 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
12. Fair Value Measurements	Fair value is defined as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.  When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact and it considers assumptions that market participants would use when pricing the asset or liability.  The Company evaluates the fair value of certain assets and liabilities using the following fair value hierarchy which ranks the quality and reliability of inputs, or assumptions, used in the determination of fair value:
		•	Level 1 — quoted prices in active markets for identical assets and liabilities
		•	Level 2 — inputs other than Level 1 quoted prices that are directly or indirectly observable
		•	Level 3 — unobservable inputs that are not corroborated by market data
	The Company evaluates assets and liabilities subject to fair value measurements on a recurring and nonrecurring basis to determine the appropriate level to classify them for each reporting period.  This determination requires significant judgments to be made by the Company.  The following table sets forth the Company’s assets and liabilities that were measured at fair value on a recurring basis as of December 31, 2014 and 2013, by level within the fair value hierarchy:
			Amounts at		Fair Value Measurement Using
			Fair Value		Level 1		Level 2		Level 3
	As of December 31, 2014
	Liabilities
	Conversion feature		$	2,434,000	$	-	$	-	$	2,434,000
	Orbach Warrant liability			16,390		-		-		16,390
	Warrant liability			63,747		-		-		63,747
	Note liability			56,263		-		-		56,263
	As of December 31, 2013
	Liabilities
	Warrant liability		$	7,717	$	-	$	-	$	7,717
	Note liability			21,600		-		-		21,600
	The carrying amounts of the Company’s long-term liabilities approximate their fair value because the interest rate is reflective of rates that the Company could currently obtain on debt with similar terms and conditions.  See Note 15 Borrowings for additional information about the changes in the fair value for the items above.
	In connection with the issuance of certain convertible notes and warrants prior to December 31, 2012, the related conversion features were accounted for as derivative liabilities at the date of issuance and adjusted to fair value through earnings at each reporting date, due to anti-dilution reset features.  The fair value was estimated on the date of grant using a binomial option-pricing model using the following weighted-average assumptions: expected dividend yield of 0%; expected volatility of 290%; risk-free interest rate of 0.05% and an expected holding period of 24 months for the Notes and 60 months for the Warrants.  The resulting values, at the date of issuance, were allocated to the proceeds received and applied as a discount to the face value of the Notes and Warrants.  The Company recorded a derivative expense on the Notes of $649,212 at inception and a further derivative expense on the Warrants of $2,431,437 at inception based on the guidance in ASC 815-10 and ASC 815-40-15 due to a reset feature on the exercise price.

13_Accrued_Expenses_and_other_

13. Accrued Expenses and other current liabilities	12 Months Ended
	Dec. 31, 2014
Payables and Accruals [Abstract]
13. Accrued Expenses and other current liabilities	Accrued expenses and other current liabilities comprises of the following at December 31:
		2014		2013
	Credit Cards	$	22,277	$	16,763
	Accrued Expenses		331,756		313,473
	Accrued Expenses and Other Current Liabilities	$	354,033	$	330,236
	Accrued expenses constitute trade creditor balances where invoices have not yet been received.
	Accrued compensation and related costs were as follows at December 31:
		2014		2013
	Payable to Staff		1,263		5,499
	Long Service Leave Provision		157,585		188,118
	Annual Leave Provision		263,098		328,842
	Employee Pension Plan		160,449		110,966
	Federal Payroll Tax		261,843		152,681
	State Payroll Tax		16,205		14,903
	Accrued compensation and related costs	$	860,443	$	801,009

15_Borrowings

15. Borrowings	12 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
15. Borrowings	Convertible Notes Payable
	On September 12, 2011, Xtreme raised $2,360,000 in convertible notes (the “9/12 Notes).  The 9/12 Notes bear an interest rate of 12% per annum and matured on September 12, 2013.  Under the convertible note agreements, the lender has the right to convert all or any part of the outstanding and unpaid principal and interest into shares of the Company’s Common Stock; provided however, that in no event shall the lender be entitled to convert any portion of the 9/12 Notes that would result in the beneficial ownership by it and its affiliates to be more than 9.99% of the outstanding shares of our Common Stock.  The 9/12 Notes are convertible at a fixed conversion price of $0.28 per share.  In addition, Xtreme issued warrants (the “Warrants”) to acquire 6,810,269 shares of the Company’s Common Stock at a strike price of $0.28 per share.  The Warrants expire on September 12, 2016.  The conversion price of the 9/12 Notes and Warrants will be reduced in the event the Company issues or sells any shares of Common Stock less than the conversion price.
	Xtreme delayed scheduled payments on the 9/12 Notes for the seven months ending December 31, 2012.  As a result the remaining 9/12 Notes totaling $151,466 as of December 31, 2014 remain in default.
	The conversion features of the 9/12 Notes and Warrants are accounted for as derivative liabilities at the date of issuance and adjusted to fair value through earnings at each reporting date, due to anti-dilution reset features.  The fair value was estimated on the date of grant using a binomial option-pricing model that incorporated the following weighted-average assumptions: expected dividend yield of 0%; expected volatility of 290%; risk-free interest rate of 0.05% and an expected holding period of 24 months for the 9/12 Notes and 60 months for the Warrants.  The resulting values, at the date of issuance, were allocated to the proceeds received and applied as a discount to the face value of the 9/12 Notes and Warrants.  Xtreme recorded a derivative expense on the 9/12 Notes of $649,212 at inception and a further derivative expense on the Warrants of $2,431,437 at inception based on the guidance in ASC 815-10 and ASC 815-40-15 due to a reset feature on the exercise price.
	On December 31, 2013 Massive recognized a derivative liability for the 9/12 Notes and Warrants of $21,600 and a change in fair value of $34,663 for the year ended December 31, 2014, and redemptions of $0 for the year ended December 31, 2014 resulting in a derivative liability of $56,263 at December 31, 2014.
	On December 31, 2013 Massive recognized a derivative liability for the Warrants of $7,717 at December 31, 2013 and a change in fair value of $56,030 for the year ended December 31, 2014, resulting in a derivative liability of $63,747 at December 31, 2014.
	As of December 31, 2014 and 2013, the balance of the 9/12 Notes is $151,466 and $151,466, respectively.
	On May 1, 2014, in connection with the acquisition of Wunderkind (See Note 4 Acquisitions), the Company issued a Convertible Promissory Note (“Wunderkind Note”) in the amount of $5.5M, plus interest of 0.5% compounded annually.  All outstanding and unpaid principal, together with any then unpaid and accrued interest and other amounts payable hereunder, shall be due and payable in full on May 1, 2015, unless this Wunderkind Note shall have been previously converted.  Pursuant to section 2.1 of the Wunderkind Note, Wunderkind will have the right to convert all or part of the outstanding principal on the note into a number of shares of the Company Common Stock equal to 45% of the total shares of the Company Common Stock issued and outstanding on a fully diluted basis (or the appropriate pro rata amount, in case of conversion of part of the outstanding principal) on the date of conversion.
	The conversion features of the Wunderkind Note are accounted for as derivative liabilities at the date of issuance and adjusted to fair value through earnings at each reporting date, due to anti-dilution reset features as well as the feature that provides for conversion into a variable number of shares equal to 45% of the total value of outstanding shares, on a diluted basis.  The fair value was estimated on the date of grant using a Monte Carlo valuation model that incorporated the following weighted-average assumptions: expected dividend yield of 0%; expected volatility of 70%; risk-free interest rate of 0.10%, an expected holding period of 12 months and the likelihood of a dilutive event of 5%.  The resulting values, at the date of issuance, were allocated to the dilutive and non-dilutive conversion features.   The Company recorded a gain on change in fair value on the Wunderkind Note of $4,641,000 at December 31, 2014 due to a change in market value of the convertible features.
	As of December 31, 2014 and 2013, the balance of the Wunderkind Note is $5.5M and $0, respectively.
	The following tables illustrate the fair value adjustments that were recorded related to the derivative financial instruments associated with the convertible debenture financings:
		Year Ended December 31, 2014
	Derivative liability	12/31/13		New Borrowings		Fair Value Adjustments			Redemptions		Total
	Conversion feature, non-dilution	$	-	$	7,075,000	$	(4,641,000	)	$	-	$	2,434,000
	Orbach Warrant liability		-		11,100		5,290			-		16,390
	Warrants		7,717		-		56,030			-		63,747
	Note		21,600		-		34,663			-		56,263
		$	29,317	$	7,086,100	$	(4,545,017	)	$	-	$	2,570,400
	The derivative income of $4,533,917, included within the Consolidated Income Statement, is the net result of the redemptions of $0, warranty expense of $11,100, and the fair value adjustments of $4,545,017.
	Short-term borrowings
	The total available Trade finance facility with Bank of Queensland is $357,640. The repayment term is usually at 90 days or the payment receipt of the particular invoice security.  The interest expense related to the Trade finance loan for the year ending December 31, 2014 and 2013 was $4,548 and $9,976 respectively.  The amount outstanding as of December 31, 2014 and 2013 on this facility was $0 and $357,640, respectively.
	On October 24, 2014, the Company entered into a Note and Warrant Purchase Agreement with Gil Orbach (the “Investor”) to issue a $1,000,000 in principal amount promissory note and warrants to purchase an aggregate of 100,000 shares of common stock, $0.001 par value per share of the Company (the “Common Stock”). The note bears interest at a rate of 10.0% per annum and will mature on October 24, 2015. The note holds first precedence with regard to any other creditors, instruments, or contractual obligations of the Company, and cannot be subordinated without the written approval of the Investor. In the event that a party other than Investor or his affiliate (which specifically includes any entity controlled by Zachary Venegas or Scott Ogur) acquires 20% or more of the equity or assets of the Company (a “Change in Control”), the Investor may demand that the principal and interest for one year shall become immediately due and payable. The warrants expire three years after their initial issuance date and may be exercised for a purchase price equal to $0.25 per share of Common Stock, subject to customary antidilution adjustments. In the event of a Change in Control, the exercise price of the warrant shall reset to $0.05 per share and the number of shares of Common Stock underlying the warrant shall increase to 550,000.
	As of December 31, 2014 and 2013, the balance of the Orbach Note is $1M and $0, respectively.

16_Borrowings_Related_Party

16. Borrowings b Related Party	12 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
Borrowings b Related Party	During the year ended December 31, 2013, Massive received an advance from Antaine Furlong of $357,627.  Interest is accrued on this advance at the rate of 43% per annum.  The advance and accrued interest are payable on demand and unsecured.  This advance was settled in January 2014.
	During the year ended December 31, 2013, Massive received an advance from Southport Lane of $515,000.  Interest is accrued on this advance at the rate of 4% per annum.  The advance and accrued interest are payable on demand and unsecured.  This advance was settled in January 2014.
	During the year ended December 31, 2014, Massive received advances from Ron Downey and Derek Ellis of $302,556 and $304,809, in May and August, respectively.  Interest is accrued on these advances at the rate of 9% per annum.  The advances and accrued interest are payable on demand and unsecured.  Both advances were settled during in June and September of 2014, respectively.
	On October 1, 2014, Massive received an advance from a director in the amount of $154,524 and from an investor in the amount of $88,300. Interest is accrued on this advances at the rate of 9% per annum.  The advances and accrued interest are payable on demand and unsecured.  The outstanding balance owed as of year end on these advances are $146,884 and $83,650. The outstanding balance owed to the investor is included as part of Short-Term Borrowings on the balance sheet.

17_Taxes_Payable_Refundable

17. Taxes (Payable) Refundable	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Taxes (Payable) Refundable	Taxes refundable were as follows at December 31:
			2014			2013
	Goods and Services Taxes Payable	Australia	$	(2,658	)	$	(75,907	)
	Fringe Benefit Tax Payable	Australia		(624	)		813
	Value Added Tax Payable	United Kingdom		(104,794	)		(53,079	)
	Income Tax Refundable	Australia		780,717			1,476,597
	Taxes Refundable		$	672,641		$	1,348,424
	Taxes payable were as follows at December 31:
			2014			2013
	Taxes Payable	United States	$	40,000		$	-
	Taxes Payable	United Kingdom		395,306			-
	Taxes Payable		$	435,306		$	-
	The above tax incentive is a Research and Development (R&D) tax incentive, which provides a tax offset for eligible R&D activities and is targeted toward R&D that benefits Australia.  The incentive, being a refundable tax offset, is available for those entities engaging in eligible activities whose aggregated turnover is less than $20 million.

18_Income_Taxes

18. Income Taxes	12 Months Ended
	Dec. 31, 2014
Income Tax Disclosure [Abstract]
18. Income Taxes	The components of provision (benefit) for income taxes attributable to continuing operations were as follows:
		Year Ended December 31
		2014			2013
	Federal:
	Current	$	40,000		$	-
	Deferred		-			-
	Total	$	40,000		$	-
	Foreign:
	Current	$	18,130		$	(119,613	)
	Deferred		354,450			-
	Total	$	372,580		$	(119,613	)
	Total income tax expense (benefit)	$	412,580		$	(119,618	)
	Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.  Deferred tax assets and liabilities are comprised of the following at December 31:
		Year Ended December 31
		2014			2013
	Gross deferred tax assets:
	Loss carryforwards	$	390,795		$	335,446
	Investments		315,765			359,285
	Total gross deferred tax assets		706,560			694,731
	Less valuation allowance		(706,560	)		(694,731	)
	Net deferred tax assets	$	-		$	-
	Gross deferred tax liabilities:
	Intangibles	$	2,664,450		$	1,338,000
	Total gross deferred tax liability	$	2,664,450		$	1,338,000
	Net deferred tax liability	$	2,664,450		$	1,338,000
	In assessing the realizability of the Company’s deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized.  The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible.  Management’s assessment is based on the weight of available evidence, including cumulative losses since inception and expected future losses and as such, management does not believe it is more likely than not that the deferred tax assets will be realized.  Accordingly, a full valuation allowance has been established and no deferred tax assets and related tax benefit have been recognized in the accompanying financial statements.  The valuation allowance increased by $11,829 and decreased by $1,558,269 during the years ended December 31, 2014 and 2013, respectively. The decrease in the valuation allowance is primarily attributable to the write-off of net operating loss carryforwards.
	At December 31, 2014, the Company has net operating loss carryforwards of $1,149,398 available to reduce future taxable income, if any for federal and state income tax purposes, respectively. The net operating losses begin to expire in 2033.
	Internal Revenue Code Section 382 places a limitation on the amount of taxable income that can be offset by net operating loss carrforwards and tax credits after a greater than 50% change in control in ownership.  The Company’s capitalization described herein may have resulted in such a change.  Utilization of the net operating loss carryforwards may be subject to an annual limitation under IRC Section 382 and similar state provisions.  The annual limitation may result in the expiration of the net operating loss carryforwards before utilization.
	The following summarizes the difference between the income tax expense and the amount computed by applying the statutory federal income tax rate of 34% to income before income tax:
		2014			2013
	U.S. statutory federal rates applied to pretax loss		34	%		34	%
	Nondeductible expenses		(30.7	)		6.33
	Change in tax rate		1			–
	Other		1.1			–
	Valuation allowance on deferred tax assets		0.3			(42.3	)
	Foreign tax impact		2.2			3.9
	Effective income tax rate		7.9	%		1.93	%
	The Company did not have unrecognized tax benefits as of December 31, 2014 and does not expect this to change significantly over the next 12 months. As of December 31, 2014, the Company recorded penalties and interest of $40,000 associated with failure to file informational returns required with respect to ownership in controlled foreign corporations. The Company recognizes interest and penalties accrued related to uncertain tax positions as a component of income tax expense. The Company’s tax returns for the years ended December 31, 2010 through December 31, 2013 are still subject to examination by tax jurisdictions.

19_Employee_defined_contributi

19. Employee defined contribution plan	12 Months Ended
	Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]
19. Employee defined contribution plan	Employees of the Company participate in government mandated defined contribution plan, pursuant to which certain pension benefits are provided to employees.  The government mandate requires certain percentages of the employees’ salaries be paid into Trust accounts for the benefit of the employees.  The Group has no legal obligation for the benefits beyond the contributions made. The total amounts for such employee benefits, which were expensed as incurred, were $280,175 and $63,386 for year to date December 31, 2014 and December 31, 2013, respectively.

19_Commitments_and_Contingenci

19. Commitments and Contingencies	12 Months Ended
	Dec. 31, 2014
Commitments And Contingencies
Commitments and Contingencies	Litigation
	From time to time, the Company is involved in disputes or legal actions arising in the ordinary course of business. Management does not believe the outcome of such legal actions will have a material adverse effect on the Company’s financial position, results of operations or cash flows.
	Leases
	Total rent expense incurred by the Company was $423,767 for 2014 and $46,513 for 2013.
	Leases where substantially all the rewards and risks of ownership of assets remain with the lesser are accounted for as operating leases. Payments made under operating leases are charged to the consolidated statements of operations on a straight-line basis over the lease periods.  The Company leases office spaces in Australia and in the UK under a lease agreement.  The term expiry for the Australian office is May 31, 2015. The term expiry for the UK office is January 11, 2018. Future minimum rental payments under these operating leases are as follows:
	2015	$	160,097
	2016		160,097
	2017		160,097
	2018		4,825
	Thereafter		-
		$	485,116
	The Company has entered into commercial leases for company motor vehicles with a term expiring in September 16, 2016.  Future minimum rental payments under this operating lease are as follows:
	2014	$	16,486
	2015		16,486
	2016		34,074
	Thereafter		-
		$	67,046
	The non-current portion of future payments on the commercial leases for company motor vehicles are recorded as Other Long-Term Liabilities on the Balance Sheet.

21_Stockholders_equity

21. Stockholders' equity	12 Months Ended
	Dec. 31, 2014
STOCKHOLDERS' EQUITY:
Stockholders' equity	Capital Structure
	The Company is authorized to issue up to 150,000,000 shares of Common Stock, $0.001 par value per share.  The holders of the Common Stock do not have any preemptive right to subscribe for, or purchase, any shares of any class of stock.
	The Company is authorized to issue up to 50,000,000 shares of Preferred Stock, $0.001 par value per share of which 55 were issued and outstanding as of December 31, 2013.
	The Company has redeemed and canceled its one class of Non-transferable Preferred Stock.  The Non-transferable Preferred Stock, consisting of 1,000 shares, was returned to the Company by Mr. McAndrew upon his resignation as the Company’s Chief Executive Officer on September 6, 2013.
	Common Stock
	In 2013, Xtreme issued 22,986 shares of its Common Stock to consultants for services rendered to Xtreme valued at $25,554.
	In 2013, Xtreme issued 1,409,174 shares of its Common Stock to various convertible note holders converting outstanding principal of $1,384,863 and accrued interest of $120,837, based upon the original terms of the convertible notes.
	In 2013, in association with the acquisition of Massive Media, the Company converted convertible notes of $121,586 into 578,980 shares of Common Stock and eliminated $20,000 of the derivative liability associated with the convertible notes.
	Reverse Split
	On August 17, 2013 Xtreme received approval to complete a 1 for 100 reverse split of all outstanding shares of Xtreme's Common Stock by filing a Certificate of Amendment with the Nevada Secretary of State.  Each issued and outstanding share of Common Stock would automatically be changed into a fraction of a share of Common Stock in accordance with the ratio of 1 for 100.  The par value of the Common Stock would remain unchanged at $0.001 per share, and the number of authorized shares of Common Stock would remain unchanged as well.  Any fractional shares resulting from the Reverse Split have been rounded up to the nearest whole number.  The reverse split became effective after filing a Certificate of Amendment with the Nevada Secretary of State and upon the completion of the review and comment process with FINRA on August 17, 2013. The Company has retroactively reflected the reverse split in the accompanying financial statements.
	Preferred Stock
	The shares of Preferred Stock, other than the Nontransferable Preferred Stock, could be issued from time to time by the Company’s Board of Directors in its sole discretion without further approval or authorization by the stockholders, in one or more series, each of which series could have any particular distinctive designations as well as relative rights and preferences as determined by the Board of Directors.  The relative rights and preferences that may be determined by the Board of Directors in its discretion from time to time include but are not limited to the following:
		•	the rate of dividend and whether the dividends are to be cumulative and the priority, if any, of dividend payments relative to other series in the class;
		•	whether the shares of any such series may be redeemed, and if so, the redemption price and the terms and conditions of redemption;
		•	the amount payable with respect to such series in the event of voluntary or involuntary liquidation and the priority, if any, of each series relative to other series in the class with respect to amounts payable upon liquidation and sinking fund provision, if any, for the redemption or purchase of the shares of that series; and
		•	the terms and conditions, if any, on which the shares of a series may be converted into or exchanged for shares of any class, whether common or preferred, or into shares of any series of the same class, and if provision is made for conversion or exchange, the times, prices, rates, adjustments and other terms.
	On May 7, 2013 we issued a total of 3,694,000 shares of our Preferred Stock to the then current CFO, CEO, COO, Corporate Secretary, and three un-related third parties, in exchange for full mutual releases and extinguishment of $3,568,461 in liabilities owed to these individuals.  The amount of shares issued to the CEO, COO, CFO, and Corporate Secretary were 1,250,000; 1,500,000; 400,000; and 84,000 shares, respectively, valued at $1,649,340.  On August 17, 2013, the shares of Preferred Stock were converted into 3,694,000 shares of Common Stock.
	On November 7, 2013, Massive Interactive, Inc. sold 55 Series B Redeemable Preferred Stock to Rolling Hill Capital Management LLC and 55,000,000 shares of common stock to Southport Lane Equity II, LLC, a wholly owned subsidiary of Southport Lane, LP, in exchange for an aggregate of $5,500,000.  The Preferred Stock accrues an annual dividend of $6,750 per share.  The Preferred Stock is redeemable by the Company at any time prior to November 16, 2016.  Southport Lane Equity II, LLC may convert the Preferred Stock following the 3rd anniversary of the date of issuance.  The Preferred Stock is convertible at $0.144, 120% of the closing bid price of the Company’s Common Stock on November 1, 2013. The conversion price changes for certain diluting issuances in accordance with the agreement.

23_Legal_Matters

23. Legal Matters	12 Months Ended
	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
Legal Matters	On December 1, 2009, Xtreme began legal proceedings in McLain County District Court in Purcell, Oklahoma against D. Deerman, L.P. alleging breach of contract and demanding payment for fees owed, oil and gas production revenue and other expenses on the Oil Creek property in excess of $75,000 based on its contracted ownership percentage.  The suit also demanded an accounting discovery for all items in dispute. On December 31, 2009, Deerman filed a counterclaim in the same court claiming breach of contract for drilling the Oil Creek property and demanding payment of $235,000 for expenses incurred. Both parties resolved their respective claims in this action and the matters were dismissed with prejudice on May 24, 2013.
	On March 30, 2010, each of Baker Hughes, Pan American Drilling and Native American Drilling began legal proceeding against Xtreme in Logan County District Court in Oklahoma demanding judgment for past due invoices in excess of $75,000.  Xtreme disputed the amounts due based on contracted terms between the parties.  Xtreme completed the settlement with Baker Hughes on June 15, 2013 and secured a full release and dismissal of the lawsuit with prejudice.

23_Subsequent_Events

23. Subsequent Events	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Subsequent Events	Private Placement of Equity Securities
	On March 23, 2015, the Company closed on private offerings of secured convertible promissory notes (each a “Note” and collectively, the “Notes”) in the aggregate amount of $636,310 to multiple investors including the Company’s Chairman of the Board of Directors and Chief Executive Officer (Ron Downey) and Chief Creative officer (Derek Ellis). The offerings, made pursuant to note subscription agreements, represent initial closings in the Company’s private placement of up to $2,000,000 (the “Private Placement”). The note subscription agreements contain certain customary representations and warranties.
	The Notes are secured by a first priority lien on all the Company’s assets pursuant to a security agreement among the Company and the Note holders.  The Notes bear interest at an annual rate of 12% and mature on the first to occur of (i) December 31, 2015, (ii) certain change in control transactions (each a “Deemed Liquidation Event”), or (iii) the closing of the next issuance and sale of capital stock of the Company resulting in gross proceeds to the Company of at least $2,000,000 (a “Qualified Financing”).
	In the event of a Deemed Liquidation Event, the Company will pay each Note holder an additional purchase premium equal to 100% of the principal amount of such holder’s Note. In the event any of the Notes remain outstanding and unpaid after December 31, 2015, the Company will pay the Note holder monthly liquidated damages payments equal to 1% of the original principal amount of the Note for each month that such Note remains unsatisfied, up to a cap of 12%. Upon the closing of a Qualified Financing, each Note holder will have the option to convert the principal and accrued but unpaid interest on their Note into shares of the securities sold in the Qualified Financing at a 20% discount to the lowest price paid by any investor in the Qualified Financing.
	Sales of Unregistered Securities
	On March 19, 2015, the Company issued an aggregate of 17,613,630 unregistered shares of its common stock as retention bonuses to several members of management including, but not limited to, the Chairman of the Company’s Board of Directors and Chief Executive Officer, Mr. Downey (2,963,769 shares), the Company’s Chief Financial Officer, Antaine Furlong (1,570,800 shares), and additional named executive officers of the Company for the year ended December 31, 2013, Derek Ellis and Max Ramsay (1,529,308 shares and 1,437,338 shares, respectively).
	The above issuances, which were made pursuant to restricted stock issuance agreements and under Section 4(a)(2) of the Securities Act as provided in Rule 506(b) of Regulation D promulgated thereunder, provide that 25% of the shares subject to each person’s agreement will vest yearly beginning on March 19, 2016, subject to his continued service with the Company or a related entity. Pursuant to the restricted stock issuance agreements, the Company can also repurchase shares issued pursuant to the agreements in certain circumstances, including termination of the person’s employment with the Company or a related entity.

25_Extinguishment_of_Liabiliti

25. Extinguishment of Liabilities	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
25. Extinguishment of Liabilities	During the year ended December 31, 2013, the Company redirected its primary operations through the acquisition of Massive Media Pty Ltd and discontinuation of its oil and gas operations.  In connection with this redirection, the following table shows the movements in the Company’s liabilities for the year ended December 31, 2013 relating to the Xtreme business.
	Total liabilities as of December 31, 2012	$	6,250,190
	Add/(less):
	Liabilities extinguished in discontinued operations		(1,661,676	)
	Liabilities extinguished through issue of equity instruments		(3,728,203	)
	Liabilities settled in cash		(14,863	)
	Movement in derivative fair value (Derivative income in P&L)		(376,156	)
	Gain on debt forgiveness		(179,154	)
	Gain on conversion		(233,811	)
	Additional liabilities incurred during the year ended December 31, 2013		235,842
	Other movements		18,757
	Total remaining liabilities as of December 31, 2013	$	310,926
	The equity and liability components reconcile to the Consolidated Balance Sheets and Consolidated Statements of Convertible Preferred Stock, Stockholders’ Equity (Deficit) as follows:
	Total remaining liabilities as of December 31, 2013 comprising of:
	Convertible note payable	$	151,466
	Derivative liability		29,317
	Accounts payable		130,143
		$	310,926
	Total value of Common and Preferred Stock issued during the year	$	9,228,203
	Less: Common & Preferred Stock issued to Southport Lane, LP		(5,500,000	)
		$	3,728,203
	During the year ended December 31, 2014, there were no liabilities extinguished through the issue of equity instruments or through debt forgiveness.

3_Basis_of_Presentation_Polici

3. Basis of Presentation (Policies)	12 Months Ended
	Dec. 31, 2014
Basis Of Presentation Policies
Basis of Presentation	Basis of Presentation
	This summary of significant accounting policies of the Company is presented to assist in understanding the Company’s financial statements.  The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity.  These accounting policies conform to accounting principles generally accepted in the United States of America (“GAAP”) and have been consistently applied in the preparation of the financial statements.
Consolidation Policy	Principles of Consolidation
	The consolidated financial statements include the financial statements of the Company and its subsidiaries, Massive Media Pty Ltd., Massive Interactive Media Ltd., and Wunderkind Group Pty Ltd.  As part of the acquisition of Massive Media Pty Ltd and its controlled entities by the Company, it discontinued all oil and gas operations related to properties owned in Texas and Oklahoma.  Financial results related to the oil and gas operations are reported as discontinued operations beginning with the financial results as of December 31, 2013 (See Note 5 Discontinued Operations and Assets Held for Sale).
Use of Estimates	Use of Estimates
	The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period.  Actual results could differ from those estimates.
	On an ongoing basis, the Company evaluates its estimates, including those related to the accounts receivable allowance, the useful lives of long-lived assets and other intangible assets, and income taxes, among others.  The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying value of assets and liabilities as well as reported revenue and expenses during the periods presented.
Cash and Cash Equivalents	Cash and Cash Equivalents
	Cash and cash equivalents represent cash on hand and deposits held at call with banks.  The Company considers all highly liquid investments with original maturities of three months or less at the time of purchase to be cash equivalents.
Fair Value of Financial Instruments	Fair Value of Financial Instruments
	Pursuant to the Accounting Standards Codification (“ASC”) No. 820, “Disclosures About Fair Value of Financial Instruments”, the Company records its financial assets and liabilities at fair value.  ASC No. 820 provides a framework for measuring fair value, clarifies the definition of fair value and expands disclosures regarding fair value measurements. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the reporting date.  ASC No. 820 establishes a three-tier hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value:
	Level 1—Inputs are unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date.
	Level 2—Inputs (other than quoted prices included in Level 1) are either directly or indirectly observable for the asset or liability through correlation with market data at the measurement date and for the duration of the asset/liability’s anticipated life.
	Level 3—Inputs reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs to the model.
	The carrying values for cash and cash equivalents, accounts receivable, other current assets, accounts payable and accrued liabilities approximate their fair value due to their short maturities.
Receivables	Accounts Receivable
	Receivables from services are recognized and carried at the original invoice amount less allowance for any uncollectible amounts.
	Management periodically reviews receivables for collectability.  An estimate for doubtful accounts is made when collection of the full amount is no longer probable.  Uncollectible receivables are charged off against the allowance account.   An allowance for doubtful accounts of $207,506 and $0 was recorded as of December 31, 2014 and 2013, respectively.
	The Company did not have any off balance-sheet credit exposure relating to its customers, suppliers or others.
Concentration of Risk	Concentration of Credit Risk
	Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable for which the carrying amounts approximate fair value.  The Company places their cash and cash equivalents with financial institutions with high-credit ratings and quality.
	The Company conducts credit evaluations of customers and generally does not require collateral or other security from customers.  The Company establishes an allowance for doubtful accounts primarily based upon the age of the receivables and factors relevant to determining the credit risk of specific customers.  The amount of receivables ultimately not collected by the Company has generally been consistent with management’s expectations and the allowance established for doubtful accounts.
Major customers	Major customers
	The Company has 2 significant customers, which accounted for 15% and 27% of the revenues for the year ended December 31, 2014.  The Company’s sales to its top five customers accounted for approximately 66% and 27% of revenues during the year ended December 31, 2014 and 2013, respectively.  These customers accounted for approximately 84% and 34% of accounts receivable balance as of December 31, 2014 and 2013, respectively.
Major suppliers	Major suppliers
	The Company had purchases from five vendors that accounted for approximately 25% and 51% of purchases during the year ended December 31, 2014 and December 31, 2013, respectively.  These vendors accounted for approximately 22% and 11% of accounts payable balance as of period ended December 31, 2014 and December 31, 2013, respectively.
Segment Reporting	Segment Reporting
	ASC 280, Segment Reporting, establishes standards for reporting information about operating segments.  Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision making group, in deciding how to allocate resources and in assessing performance.  The Group’s chief operating decision maker is the Chief Executive Officer, who reviews consolidated results of operations prepared in accordance with US GAAP when making decisions about allocating resources and assessing performance of the Group; hence, the Group has only one operating segment, namely the software development services.
Income Taxes	Income Taxes
	The Company recognizes deferred income tax liabilities and assets for the expected future income tax consequences of temporary differences between financial accounting bases and income tax bases of assets and liabilities.  Deferred income taxes are measured by applying currently enacted income tax rates.  The Company accounts for uncertainty in income taxes for income tax positions taken or expected to be taken in an income tax return.  Only income tax positions that meet the more-likely-than-not recognition threshold will be recognized.
	This process includes an analysis of whether tax positions the Company takes with regard to a particular item of income or deduction would meet the definition of an uncertain tax position under the standards.  Management believes that tax positions taken by the Company with regard to income and deduction do not constitute any uncertain tax positions under the standards.
Goods and Services Tax/Value Added Tax	Goods and Services Tax/Value Added Tax
	The Company's Australian operations are subject to the Goods and Services Tax on revenue sales of 10%. The Company's English operations are subject to the Value Added Tax on revenue sales of 20%.
Revenue Recognition	Revenue Recognition
	The Company recognizes revenue when it is realized and earned. Specifically, the Company recognizes revenue when services are performed and projects are completed and accepted by the customer.
	The Company recognizes revenue in accordance with the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (“ASC”) 985-605 “Software - Revenue Recognition”.
	Project Services Revenue
	Revenue derived from services primarily includes consulting, implementation, and training.  Fees are primarily billed under time and materials arrangements and are recognized as services are performed.
	License Fees Revenue
	License revenue in connection with license agreements for standard proprietary software is recognized upon delivery of the software, provided collection is considered probable and the fee is fixed or determinable.
	Support Revenue
	Revenue derived from technical support contracts primarily includes telephone consulting and on-site support as well as error reporting and correction services.  Maintenance contracts are typically sold for a separate fee with initial contractual period of one year with renewal for additional periods thereafter.  Technical support service revenue is recognized ratably over the term of the service agreement.
	Deferred Revenue
	Deferred revenue represents advance payments or billings for software licenses, services, and maintenance.
Cost of Revenues	Cost of Revenues
	Cost of revenues for licenses includes amortization of capitalized computer software development costs.  Costs for maintenance and services revenues include the cost of personnel to conduct implementations, customer support and consulting, and other personnel-related expenses.
Foreign Currency Translation	Foreign Currency Translation
	The functional currency of the Massive Media Pty Ltd. and Wunderkind Group Pty Ltd. is Australian Dollars (“AUD”). The functional currency of Massive Interactive Media Ltd is Great British Pounds ("GBP").
	For financial reporting purposes, the financial statements of the Company and its subsidiaries, which are prepared using each entity's functional currency, are translated into the Company’s reporting currency, the United States Dollar (“USD”).  Assets and liabilities are translated using the exchange rate at each balance sheet date.  Revenue and expenses are translated using average rates prevailing during each reporting period, and shareholders’ equity is translated at historical exchange rates.  Adjustments resulting from the translation are recorded as a separate component of accumulated other comprehensive income in shareholders’ equity.
	The exchange rates applied are as follows:
			Year			Year
			2014			2013
	Year end AUD to USD exchange rate		0.8207			0.8941
	Year end GBP to USD exchange rate		1.561			1.6561
	Average AUD to USD exchange rate		0.8983			0.9578
	Average GBP to USD exchange rate		1.6454			1.5669
Property and Equipment	Property and Equipment
	Furniture and office equipment, electronic equipment and motor vehicles are recorded at cost less accumulated depreciation.  Depreciation is calculated based on estimated useful life of the assets.
		Rate		Method
	Motor Vehicles	25%		Diminishing value
	Furniture	20%		Straight line
	Office equipment	33%		Diminishing value
	Telecommunication equipment	20%		Diminishing value
	Purchased Software	40%		Straight line
	Leasehold improvements	50%		Straight line
	When furniture and office equipment, electronic equipment and motor vehicles are retired or otherwise disposed of, resulting gain or loss is included in net income or loss in the year of disposition for the difference between the net book value and proceeds received thereon. Maintenance and repairs which do not improve or extend the expected useful lives of the assets are charged to expenses as incurred.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets
	In accordance with Impairment or Disposal of Long-Lived Assets Subsections of FASB ASC Subtopic 360-10, Property, Plant, and Equipment - Overall, long-lived assets, such as property, plant and equipment, and purchased intangible assets subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.  If circumstances require a long-lived asset or asset group be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying value.  If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying value exceeds its fair value.  Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary.  No impairment of long-lived assets was recognized for the period ended December 31, 2014 and year ended December 31, 2013 respectively.
Capitalized Computer Software Development Costs	Capitalized Computer Software Development Costs
	The Company capitalizes software development costs in accordance with the FASB ASC Topic 985-20 Costs of Software to be Sold, Leased or Marketed.  All software development costs are capitalized and reported at the lower of unamortized cost or net realizable value. Capitalization ceases when the product or enhancement is available for general release to customers.
	The Company makes ongoing evaluations of the recoverability of its capitalized software projects by comparing the net amount capitalized for each product to the estimated net realizable value of the product.  If such evaluations indicate that the unamortized software development costs exceed the net realizable value, the Company writes off the amount by which the unamortized software development costs exceed net realizable value.  The Company's capitalized computer software development costs are being amortized ratably based on the projected revenues associated with the related software or on a straight-line basis over five years, whichever method results in a higher level of amortization.
Intangible Assets	Intangible Assets
	The Company amortizes intangible assets on a straight line basis over their estimated useful lives, generally as follows: four to nine years for software, ten to twenty years for customer relationships and trade names, and one to five years for other intangible assets, except goodwill. Goodwill is not amortized, but subject to impairment testing.
Operating Leases	Operating Leases
	Leases where substantially all the rewards and risks of ownership of assets remain with the lesser are accounted for as operating leases. Payments made under operating leases are charged to the consolidated statements of operations on a straight-line basis over the lease periods.
	The Company leases office rental spaces in Sydney, Australia and London, England.
Derivative Instruments	Derivative Instruments
	The Company’s debt or equity instruments may contain embedded derivative instruments, such as conversion options, which in certain circumstances may be required to be bifurcated from the associated host instrument and accounted for separately as a derivative instrument liability.
	The identification of, and accounting for, derivative instruments is complex.  The Company’s derivative instrument liabilities are re-valued at the end of each reporting period, with changes in the fair value of the derivative liability recorded as charges or credits to income, in the period in which the changes occur.  For bifurcated conversion options related to the notes issued in 2011 (see Note 15 Borrowings) that are accounted for as derivative instrument liabilities, the Company determines the fair value of these instruments using binomial option pricing model.  That model requires assumptions related to the remaining term of the instrument and risk-free rates of return, the Company’s current Common Stock price and expected dividend yield, and the expected volatility of the Company’s Common Stock price over the life of the option.
	For the bifurcated conversion option related to the convertible note issued in 2014 (see Note 15 Borrowings ) in connection with the Wunderkind Acquisition, the Company determined the fair value of the instruments using the Monte Carlo Valuation Model, due to the multitude of possible outcomes for the instrument.  This model requires assumptions related to the remaining term of the instrument and risk-free rates of return, the Company's current Common Stock price and expected dividend yield, and the expected volatility of the Company's Common Stock price over the life of the option.
Deemed dividend	Deemed dividend
	We incur a deemed dividend on Series B Preferred Redeemable Stock. As the conversion rate was less than the deemed fair value of the Common Stock of $0.20, the Series B Preferred Redeemable Stock contains a beneficial conversion feature as described in ASC 470.  The difference in the stated conversion price and estimated fair value of the Common Stock is accounted for as a beneficial conversion feature and affects income or loss available to common stockholders for purposes of EPS.
Earnings Per Share	Earnings per Share
	The Company adopted ASC 260, "Earnings Per Share" ("EPS"), which requires presentation of basic and diluted EPS on the face of the income statement for all entities with complex capital structures, and requires a reconciliation of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS computation.  In the accompanying financial statements, basic earnings (loss) per share is computed by dividing net income (loss) applicable to common stockholders by the weighted average number of shares of Common Stock outstanding during the period.  Diluted net income per common share is computed by dividing the net income applicable to common stockholders, adjusted on an "as if converted" basis, by the weighted average number of common shares outstanding plus potential dilutive securities.  Diluted EPS excluded all dilutive potential shares if their effect is anti-dilutive.
	The following sets forth the computation of diluted EPS for the year ended December 31, 2014:
			Year ended Dec 31, 2014
			Net Income Available to Common Stockholders (Numerator)				Shares (Denominator)		Per Share Amount
	Basic EPS		$	2,791,046				61,176,142	$	0.05
	Change in fair value of derivative instruments			(4,533,917	)			-
	Dilutive shares related to notes and warrants			-				52,404,633
	Dilutive EPS		$	(1,742,871	)			113,580,775	$	(0.02	)
			Year ended Dec 31, 2013
			Net Income Available to Common Stockholders (Numerator)				Shares (Denominator)		Per Share Amount
	Basic and Diluted EPS – continuing operations		$	199,129				61,176,142	$	0
	Basic and Diluted EPS – discontinued operations			(7,134,893	)			61,176,142		(0.12	)
	Basic and Diluted EPS			(6,935,764	)					(0.12	)
	Basic net income per share is based on the weighted average number of common and common equivalent shares outstanding.  Potential common shares includable in the computation of fully diluted per share results are not presented for the year ended December 31, 2013 in the consolidated financial statements as their effect would be anti-dilutive.  The total number of shares issuable upon conversion of preferred shares that were not included in dilutive earnings per share for the year ended December 31, 2014 was 15,544,523.
Net Income (Loss) Attributable to Common Shares	Net Income (Loss) Attributable to Common Shares
	The Company is required to provide basic and dilutive earnings per common share information.  The basic net loss per common share is computed by dividing the net loss applicable to common stockholders by the weighted average number of common shares outstanding.  Diluted net loss per common share is computed by dividing the net loss applicable to common stockholders, adjusted on an "as if converted" basis, by the weighted average number of common shares outstanding plus potential dilutive securities.  For the years ended December 31, 2014 and 2013, there were 52,404,633 and 0 shares, respectively.
Commitments and Contingencies	Commitments and Contingencies
	In the normal course of business, the Company is subject to loss contingencies, such as legal proceedings and claims arising out of its business, that cover a wide range of matters, including, among others, government investigations, product and environmental liability, and tax matters.  In accordance with ASC 450-20, Accounting for Contingencies, the Company records accruals for such loss contingencies when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated.  Historically, the Company has not experienced any material service liability claims.
Recent Accounting Pronouncements	Recent Accounting Pronouncements
	We have adopted recently issued accounting pronouncements and have determined that they have no material effect on our financial position, results of operations, or cash flow.  We do not expect any recently issued but not yet adopted accounting pronouncements to have a material effect on our financial position, results of operations or cash flow.
	In July 2012, the FASB issued ASU No. 2012-02, Intangibles-Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment (“ASU 2012-02”), allowing entities the option to first assess qualitative factors to determine whether it is necessary to perform the quantitative impairment test.  If the qualitative assessment indicates it is more-likely-than-not that the fair value of an indefinite-lived intangible asset is less than its carrying amount, the quantitative impairment test is required.  Otherwise, no testing is required. ASU 2012-02 is effective for reporting periods beginning January 1, 2013.  The adoption of this update did not have a material impact on the consolidated financial statements but may have an impact in future periods.
	In February 2013, the FASB issued ASU 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (“ASU 2013-02”).  ASU 2013-02 is intended to improve the reporting of reclassifications out of accumulated other comprehensive income.  Accordingly, an entity is required to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under GAAP to be reclassified in its entirety to net income.  For other amounts that are not required under GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under GAAP that provide additional detail about those amounts.  ASU 2013-02 is effective for reporting periods beginning after December 15, 2012.  The Company adopted ASU 2013-02 effective January 1, 2013 and the adoption did not have a material impact on the Company’s consolidated financial statements.
	In March 2013 the FASB issued ASU 2013-05, Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity.  This standard is an update to clarify existing guidance for the release of cumulative translation adjustments into net income when a parent sells all or a part of its investment in a foreign entity or achieves a business combination of a foreign entity in stages.  The amendments in this Update are effective prospectively for fiscal years (and interim reporting periods within those years) beginning after December 15, 2013.  The adoption of this guidance did not have a material impact on the Company's results of operations, cash flows or financial position.
	In July 2013 the FASB issued ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.  This guidance to require standard presentation of an unrecognized tax benefit when a carryforward related to net operating losses or tax credits exists.  The amendments in this Update are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013.  The adoption of this guidance did not have a material impact on the Company's results of operations, cash flows or financial position.
	In May 2014 the FASB issued ASU 2014-09, Revenue from Contracts with Customers, as a new Topic, Accounting Standards Codification (ASC) Topic 606.  The new revenue recognition standard provides a five-step analysis of transactions to determine when and how revenue is recognized.  The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.  This ASU is effective for public companies for annual periods beginning after December 15, 2016 (fiscal 2018) and shall be applied retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption.  The Company is evaluating the effect of adopting this new accounting guidance.
	In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements-Going Concern-Disclosures of Uncertainties about an entity's Ability to Continue as a Going Concern ("ASU 2014-15"). ASU 2014-15 provides new guidance related to management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards and to provide related footnote disclosures. This new guidance is effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. The Company is currently assessing the impact on the Company's disclosures and financial statements.

2_Prior_Year_Restatement_Table

2. Prior Year Restatement (Tables)	12 Months Ended
	Dec. 31, 2014
Accounting Changes and Error Corrections [Abstract]
Restatement	Financial Statement Caption	As Previously Reported			As Restated
	Goodwill - 12/31/13	$	-		$	419,000
	Deferred tax liability - 12/31/13	$	190,371		$	1,338,000
	Depreciation and amortization - 12/31/13	$	70,831		$	73,450
	Gain on bargain purchase - 12/31/13	$	726,010		$	-
	Net loss - 12/31/13	$	(6,207,135	)	$	(6,935,764	)
	The effect of correcting the Company’s prior year Massive Media acquisition disclosure is presented as follows:
		As Previously Reported			As Restated
	Cash	$	3,301,907		$	3,301,907
	Short-term borrowings - related parties assumed		1,703,563			1,703,563
	Short-term borrowings assumed		275,657			275,657
	Gain on purchase		726,010			-
	Total consideration	$	6,007,137		$	5,281,127
	The consideration transferred was allocated across the net assets of the Company as follows:
		As Previously			As Restated
		Reported
	Cash and cash equivalents	$	371,276		$	371,276
	Receivables, trade and other		1,448,770			1,448,770
	Taxes refundable		1,317,842			1,317,842
	Property, plant and equipment, net		250,621			250,621
	Capitalized software costs, net		4,360,000			4,360,000
	Trade names, net		60,000			60,000
	Goodwill		-			419,000
	Customer relationships, net		40,000			40,000
	Other assets		109,440			109,440
	Accounts payable and accrued expenses		(1,529,128	)		(1,529,128	)
	Deferred tax liability		(192,990	)		(1,338,000	)
	Other liabilities		(228,694	)		(228,694	)
	Net assets acquired	$	6,007,137		$	5,281,127

3_Significant_Accounting_Polic1

3. Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2014
Significant Accounting Policies Tables
Exchange rates			Year			Year
			2014			2013
	Year end AUD to USD exchange rate		0.8207			0.8941
	Year end GBP to USD exchange rate		1.561			1.6561
	Average AUD to USD exchange rate		0.8983			0.9578
	Average GBP to USD exchange rate		1.6454			1.5669
Property and Equipment		Rate		Method
	Motor Vehicles	25%		Diminishing value
	Furniture	20%		Straight line
	Office equipment	33%		Diminishing value
	Telecommunication equipment	20%		Diminishing value
	Purchased Software	40%		Straight line
	Leasehold improvements	50%		Straight line
Earnings per share	The following sets forth the computation of diluted EPS for the year ended December 31, 2014:
			Year ended Dec 31, 2014
			Net Income Available to Common Stockholders (Numerator)				Shares (Denominator)		Per Share Amount
	Basic EPS		$	2,791,046				61,176,142	$	0.05
	Change in fair value of derivative instruments			(4,533,917	)			-
	Dilutive shares related to notes and warrants			-				52,404,633
	Dilutive EPS		$	(1,742,871	)			113,580,775	$	(0.02	)
			Year ended Dec 31, 2013
			Net Income Available to Common Stockholders (Numerator)				Shares (Denominator)		Per Share Amount
	Basic and Diluted EPS – continuing operations		$	199,129				61,176,142	$	0
	Basic and Diluted EPS – discontinued operations			(7,134,893	)			61,176,142		(0.12	)
	Basic and Diluted EPS			(6,935,764	)					(0.12	)

4_Acquisition_Tables

4. Acquisition (Tables)	12 Months Ended
	Dec. 31, 2014
Massive Media
Final purchase consideration	Cash	$	3,301,907
	Short-term borrowings - related parties assumed		1,703,563
	Short-term borrowings assumed		275,657
	Total consideration	$	5,281,127
		Fair Value
	Cash and cash equivalents	$	371,276
	Receivables, trade and other		1,448,770
	Taxes Refundable		1,317,842
	Property, plant and equipment, net		250,621
	Capitalized software costs, net		4,360,000
	Trade names, net		60,000
	Customer relationships, net		40,000
	Other assets		109,440
	Accounts payable and accrued expenses		(1,529,128	)
	Deferred tax liability		(1,338,000	)
	Other liabilities		(228,694	)
	Goodwill		419,000
	Net assets acquired	$	5,281,127
Pro forma		Unaudited Pro Forma Results of Operations
		Years Ended December 31, 2013
	Revenues from continuing operations	$	7,843,430
	Income (loss) from continuing operations	$	(2,393,800	)
	Net income from continuing operations	$	103,875
	Basic income per share:	$	0
	Proforma shares outstanding - Basic	$	61,176,142
Wunderkind
Final purchase consideration	Convertible note	$	5,500,000
	Fair value of conversion feature		7,075,000
	Total estimated purchase price	$	12,575,000
	Cash and cash equivalents	$	20,203
	Trade names and Trademarks		360,000
	Developed Software		2,100,000
	Customer relationships		780,000
	Goodwill		10,489,202
	Property, plant and equipment		2,860
	Deferred tax liability		(972,000	)
	Net working capital, net of cash		(205,265	)
	Total estimated purchase price	$	12,575,000
Pro forma		Unaudited Pro Forma Results of Operations
		Years Ended December 31,
		2014			2013
	Revenues from continuing operations	$	13,485,851		$	8,242,366
	Income (loss) from continuing operations	$	4,700,586		$	(1,744,560	)
	Net income from continuing operations	$	4,294,974		$	(682,282	)
	Basic income per share:	$	0.07		$	0.01
	Proforma shares outstanding - Basic		61,176,142			61,176,142

5_Discontinued_Operations_and_1

5. Discontinued Operations and Assets Held for Sale (Tables)	12 Months Ended
	Dec. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]
Company's discontinued operations		For the year ended December 31,
		2014		2013
	Revenues	$	-	$	9,053
	Loss from discontinued operations	$	-	$	(635,824	)
	Loss on disposal of discontinued operations	$	-	$	(6,499,069	)
	Loss from discontinued operations	$	-	$	(7,134,893	)
	Basic loss per share attributable to discontinued operations	$	-	$	(0.12	)
	Diluted loss per share attributable to discontinued operations	$	-	$	(0.12	)

6_Accounts_receivable_trade_Ta

6. Accounts receivable b trade (Tables)	12 Months Ended
	Dec. 31, 2014
Receivables [Abstract]
Accounts receivable		2014			2013
	Trade Debtors	$	2,512,797		$	1,215,411
	Accrued Income		35,291			28,547
	Client Reimbursements		6,602			-
	Allowance for doubtful accounts		(207,506	)		-
	Accounts receivable – trade, net of allowance	$	2,347,184		$	1,243,958

7_Other_receivables_Tables

7. Other receivables (Tables)	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Other receivables		2014		2013
	Employee Advance	$	31,691	$	40,834
	Other Debtors		13,426		6,433
	Other receivables	$	45,117	$	47,267

8_Prepayments_Tables

8. Prepayments (Tables)	12 Months Ended
	Dec. 31, 2014
Prepayments Tables
Prepayments		2014		2013
	Prepaid expenses	$	126,329	$	144,694
		$	126,329	$	144,694

9_Property_and_Equipment_Table

9. Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2014
Property And Equipment Tables
Property and equipment		2014			2013
	Furniture and Fixtures	$	47,719		$	22,132
	Motor Vehicles		12,948			44,560
	Purchased Software		58,680			58,588
	Office Equipment		225,694			125,341
	Property and Equipment - gross		345,041			250,621
	Less: Accumulated depreciation		(150,131	)		(8,529	)
	Property and Equipment, net	$	194,910		$	242,092

10_Other_assets_net_Tables

10. Other assets, net (Tables)	12 Months Ended
	Dec. 31, 2014
Other Assets Net Tables
Other assets		2014		2013
	Bonds	$	15,374	$	15,569
	Other		693		752
	Other assets	$	16,067	$	16,321

11_Intangible_Assets_Tables

11. Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible assets		31-Dec-14										December 31, 2013
		Gross			Accumulated				Net			Gross			Accumulated				Net
		Amount			Amortization				Amount			Amount			Amortization				Amount
	Capitalized Software Costs		$	7,833,725		$	(984,406	)		$	6,849,319		$	4,360,000		$	(64,113	)		$	4,295,887
	Tradenames			420,000			(51,114	)			368,886			60,000			(346	)			59,654
	Customer Relationships			820,000			(108,158	)			711,842			40,000			(462	)			39,538
	Goodwill			10,908,202			-				10,908,202			419,000			-				419,000
	Total		$	19,981,927		$	(1,143,678	)		$	18,838,249		$	4,879,000		$	(64,921	)		$	4,814,079
Expected amortization expense			2014
	2015			2,032,557
	2016			2,032,557
	2017			2,032,557
	2018			1,832,875
	2019			-
	Thereafter			-
			$	7,930,546
Goodwill			Goodwill
	31-Dec-13		$	419,000
	Acquisition of Wunderkind			10,489,202
	Balance at December 31, 2014		$	10,908,202

12_Fair_Value_Measurements_Tab

12. Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Companybs assets and liabilities that were measured at fair value on a recurring basis		Amounts at		Fair Value Measurement Using
		Fair Value		Level 1		Level 2		Level 3
	As of December 31, 2014
	Liabilities
	Conversion feature	$	2,434,000	$	-	$	-	$	2,434,000
	Orbach Warrant liability		16,390		-		-		16,390
	Warrant liability		63,747		-		-		63,747
	Note liability		56,263		-		-		56,263
	As of December 31, 2013
	Liabilities
	Warrant liability	$	7,717	$	-	$	-	$	7,717
	Note liability		21,600		-		-		21,600

13_Accrued_Expenses_and_other_1

13. Accrued Expenses and other current liabilities (Tables)	12 Months Ended
	Dec. 31, 2014
Payables and Accruals [Abstract]
Accrued expenses and other current liabilities	Accrued expenses and other current liabilities comprises of the following at December 31:
		2014		2013
	Credit Cards	$	22,277	$	16,763
	Accrued Expenses		331,756		313,473
	Accrued Expenses and Other Current Liabilities	$	354,033	$	330,236
	Accrued compensation and related costs were as follows at December 31:
		2014		2013
	Payable to Staff		1,263		5,499
	Long Service Leave Provision		157,585		188,118
	Annual Leave Provision		263,098		328,842
	Employee Pension Plan		160,449		110,966
	Federal Payroll Tax		261,843		152,681
	State Payroll Tax		16,205		14,903
	Accrued compensation and related costs	$	860,443	$	801,009

15_Borrowings_Tables

15. Borrowings (Tables)	12 Months Ended
	Dec. 31, 2014
Borrowings Tables
Derivative liability		Year Ended December 31, 2014
	Derivative liability	12/31/13		New Borrowings		Fair Value Adjustments			Redemptions		Total
	Conversion feature, non-dilution	$	-	$	7,075,000	$	(4,641,000	)	$	-	$	2,434,000
	Orbach Warrant liability		-		11,100		5,290			-		16,390
	Warrants		7,717		-		56,030			-		63,747
	Note		21,600		-		34,663			-		56,263
		$	29,317	$	7,086,100	$	(4,545,017	)	$	-	$	2,570,400

17_Taxes_Payable_Refundable_Ta

17. Taxes (Payable) Refundable (Tables)	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Taxes (Payable) Refundable	Taxes refundable were as follows at December 31:
			2014			2013
	Goods and Services Taxes Payable	Australia	$	(2,658	)	$	(75,907	)
	Fringe Benefit Tax Payable	Australia		(624	)		813
	Value Added Tax Payable	United Kingdom		(104,794	)		(53,079	)
	Income Tax Refundable	Australia		780,717			1,476,597
	Taxes Refundable		$	672,641		$	1,348,424
	Taxes payable were as follows at December 31:
			2014			2013
	Taxes Payable	United States	$	40,000		$	-
	Taxes Payable	United Kingdom		395,306			-
	Taxes Payable		$	435,306		$	-

18_Income_Taxes_Tables

18. Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Schedule of income tax expense		Year Ended December 31
		2014			2013
	Federal:
	Current	$	40,000		$	-
	Deferred		-			-
	Total	$	40,000		$	-
	Foreign:
	Current	$	18,130		$	(119,613	)
	Deferred		354,450			-
	Total	$	372,580		$	(119,613	)
	Total income tax expense (benefit)	$	412,580		$	(119,618	)
Deferred tax assets		Year Ended December 31
		2014			2013
	Gross deferred tax assets:
	Loss carryforwards	$	390,795		$	335,446
	Investments		315,765			359,285
	Total gross deferred tax assets		706,560			694,731
	Less valuation allowance		(706,560	)		(694,731	)
	Net deferred tax assets	$	-		$	-
	Gross deferred tax liabilities:
	Intangibles	$	2,664,450		$	1,338,000
	Total gross deferred tax liability	$	2,664,450		$	1,338,000
	Net deferred tax liability	$	2,664,450		$	1,338,000
Schedule of reconciliation		2014			2013
	U.S. statutory federal rates applied to pretax loss		34	%		34	%
	Nondeductible expenses		(30.7	)		6.33
	Change in tax rate		1			–
	Other		1.1			–
	Valuation allowance on deferred tax assets		0.3			(42.3	)
	Foreign tax impact		2.2			3.9
	Effective income tax rate		7.9	%		1.93	%

20_Commitments_and_Contingenci

20. Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2014
Commitments And Contingencies Tables
Leases	The term expiry for the UK office is January 11, 2018. Future minimum rental payments under these operating leases are as follows:
	2015	$	160,097
	2016		160,097
	2017		160,097
	2018		4,825
	Thereafter		-
		$	485,116
	The Company has entered into commercial leases for company motor vehicles with a term expiring in September 16, 2016.  Future minimum rental payments under this operating lease are as follows:
	2014	$	16,486
	2015		16,486
	2016		34,074
	Thereafter		-
		$	67,046

22_Business_and_Geographic_Seg

22. Business and Geographic Segment Information (Tables)	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Segment reporting	The Company’s revenues were generated in the following geographic regions:
		2014		2013
	United Kingdom	$	7,908,103	$	571,531
	Australia		5,509,642		693,717
	Consolidated total	$	13,417,745	$	1,265,248
	Long-lived assets by geographic area consist of property and equipment and are as follows:
		2014		2013
	United Kingdom	$	102,264	$	39,326
	Australia		92,646		202,766
	Consolidated total	$	194,910	$	242,092

25_Extinguishment_of_Liabiliti1

25. Extinguishment of Liabilities (Tables)	12 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Extinguishment of Liabilities
	Total liabilities as of December 31, 2012	$	6,250,190
	Add/(less):
	Liabilities extinguished in discontinued operations		(1,661,676	)
	Liabilities extinguished through issue of equity instruments		(3,728,203	)
	Liabilities settled in cash		(14,863	)
	Movement in derivative fair value (Derivative income in P&L)		(376,156	)
	Gain on debt forgiveness		(179,154	)
	Gain on conversion		(233,811	)
	Additional liabilities incurred during the year ended December 31, 2013		235,842
	Other movements		18,757
	Total remaining liabilities as of December 31, 2013	$	310,926
	The equity and liability components reconcile to the Consolidated Balance Sheets and Consolidated Statements of Convertible Preferred Stock, Stockholders’ Equity (Deficit) as follows:
	Total remaining liabilities as of December 31, 2013 comprising of:
	Convertible note payable	$	151,466
	Derivative liability		29,317
	Accounts payable		130,143
		$	310,926
	Total value of Common and Preferred Stock issued during the year	$	9,228,203
	Less: Common & Preferred Stock issued to Southport Lane, LP		(5,500,000	)
		$	3,728,203

2_Prior_Year_Restatement_Detai

2. Prior Year Restatement (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Goodwill, ending	$10,908,202	$419,000
Deferred tax liability	2,664,450	1,338,000
Depreciation and amortization	1,192,274	73,450
Net loss	4,304,607	-6,935,764
Massive Media
Goodwill, ending		419,000
Cash and cash equivalents		371,276
Short-term borrowings - related parties assumed		1,703,563
Total consideration		5,281,127
As Previously Reported | Massive Media
Goodwill, ending		0
Deferred tax liability		190,371
Depreciation and amortization		70,831
Gain on bargain purchase		726,010
Net loss		-6,207,135
Cash and cash equivalents		3,301,907
Short-term borrowings - related parties assumed		1,703,563
Short-term borrowings assumed		275,657
Gain on purchase		726,010
Total consideration		6,007,137
As Restated | Massive Media
Goodwill, ending		419,000
Deferred tax liability		1,338,000
Depreciation and amortization		73,450
Gain on bargain purchase		0
Net loss		-6,935,764
Cash and cash equivalents		3,301,907
Short-term borrowings - related parties assumed		1,703,563
Short-term borrowings assumed		275,657
Gain on purchase		0
Total consideration		$5,281,127

2_Prior_Year_Restatement_Detai1

2. Prior Year Restatement (Details 1) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Goodwill, ending	$10,908,202	$419,000
Massive Media
Cash and cash equivalents		371,276
Receivables, trade and other		1,448,770
Taxes refundable		1,317,842
Property, plant and equipment, net		250,621
Capitalized software costs, net		4,360,000
Trade names, net		60,000
Goodwill, ending		419,000
Customer relationships, net		40,000
Accounts payable and accrued expenses		-1,529,128
Other liabilities		-228,694
Net assets acquired		5,281,127
As Previously Reported | Massive Media
Cash and cash equivalents		3,301,907
Receivables, trade and other		1,448,770
Taxes refundable		1,317,842
Property, plant and equipment, net		250,621
Capitalized software costs, net		4,360,000
Trade names, net		60,000
Goodwill, ending		0
Customer relationships, net		40,000
Other assets		109,440
Accounts payable and accrued expenses		-1,529,128
Deferred tax liability		-192,990
Other liabilities		-228,694
Net assets acquired		6,007,137
As Restated | Massive Media
Cash and cash equivalents		3,301,907
Receivables, trade and other		1,448,770
Taxes refundable		1,317,842
Property, plant and equipment, net		250,621
Capitalized software costs, net		4,360,000
Trade names, net		60,000
Goodwill, ending		419,000
Customer relationships, net		40,000
Other assets		109,440
Accounts payable and accrued expenses		-1,529,128
Deferred tax liability		-1,338,000
Other liabilities		-228,694
Net assets acquired		$5,281,127

3_Significant_Accounting_Polic2

3. Significant Accounting Policies (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Basic EPS
Net income (loss) attributable to common stockholders	$2,791,046	($6,935,764)
Weighted average common shares b Basic	61,176,142	61,176,142
Net income (loss)	$0.05	($0.12)
Gain on change in fair value of derivative liability	-4,533,917	-376,156
Dilutive shares related to notes and warrants	52,404,633
Dilutive EPS
Weighted average common shares b Diluted	113,580,775	61,176,142
Net loss	($0.02)	($0.12)
Basic and diluted loss per share:
Net Income Available to Common Stockholders - basic and diluted - continuing operations		199,129
Shares - basic and diluted		61,176,142
Net Income Available to Common Stockholders - basic and diluted - discontinued operations		($7,134,893)
Net loss from continuing operations		$0
Net loss from discontinued operations		($0.12)
Net loss		($0.12)

3_Significant_Accounting_Polic3

3. Significant Accounting Policies (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013
Estimate for doubtful accounts	207,506		0
Top five customers Revenue Concentration
Percent concentration	66.00%	[1]	27.00%	[2]
[1]	2 significant customers accounted fo 15%
[2]	2 significant customers accounted for 27%

4_Acquisitions_Details

4. Acquisitions (Details) (Massive Media, USD $)	12 Months Ended
	Dec. 31, 2013
Massive Media
Cash	$3,301,907
Short-term borrowings - related parties assumed	1,703,563
Short-term borrowings assumed	275,657
Total consideration	$5,281,127

4_Acquisitions_Details_1

4. Acquisitions (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2014
Goodwill, ending	$419,000	$10,908,202
Massive Media
Cash and cash equivalents	371,276
Receivables, trade and other	1,448,770
Taxes Refundable	1,317,842
Property, plant and equipment, net	250,621
Capitalized software costs, net	4,360,000
Trade names, net	60,000
Customer relationships, net	40,000
Other assets	109,440
Accounts payable and accrued expenses	-1,529,128
Deferred tax liability	-1,338,000
Other liabilities	-228,694
Goodwill, ending	419,000
Net assets acquired	5,281,127
Total estimated purchase price	5,281,127
Wunderkind
Cash and cash equivalents		20,203
Property, plant and equipment, net		2,860
Trade names, net		360,000
Developed Software		2,100,000
Customer relationships, net		780,000
Deferred tax liability		-972,000
Goodwill, ending		10,489,202
Net working capital, net of cash		-205,265
Total estimated purchase price		$12,575,000

4_Acquisitions_Details_2

4. Acquisitions (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Massive Media
Revenues from continuing operations		$7,843,430
Income (loss) from continuing operations		-2,393,800
Net income from continuing operations		103,875
Basic income per share:		$0
Pro-forma shares outstanding		61,176,142
Wunderkind
Revenues from continuing operations	13,485,851	8,242,366
Income (loss) from continuing operations	4,700,586	-1,744,560
Net income from continuing operations	$4,294,974	($682,282)
Basic income per share:	$0.07	$0.01
Pro-forma shares outstanding	61,176,142	61,176,142

4_Acquisitions_Details_3

4. Acquisitions (Details 3) (Wunderkind, USD $)	12 Months Ended
	Dec. 31, 2014
Wunderkind
Convertible note	$5,500,000
Fair value of conversion feature	7,075,000
Total estimated purchase price	$12,575,000

5_Discontinued_Operations_and_2

5. Discontinued Operations and Assets Held for Sale (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Discontinued Operations And Assets Held For Sale Details 1
Revenues	$0	$9,053
(Loss) from discontinued operations	0	-635,824
(Loss) on disposal of discontinued operations	0	-6,499,069
(Loss) from discontinued operations	$0	($7,134,893)
Basic loss per share attributable to discontinued operations:	$0	($0.12)
Diluted loss per share attributable to discontinued operations:	$0	($0.12)

6_Accounts_receivable_trade_De

6. Accounts receivable b trade (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Receivables [Abstract]
Trade Debtors	$2,512,797	$1,215,411
Accrued Income	35,291	28,547
Client Reimbursements	6,602	0
Allowance for doubtful accounts	-207,506	0
Accounts receivable - trade	$2,347,184	$1,243,958

7_Other_receivables_Details

7. Other receivables (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Notes to Financial Statements
Employee Advance	$31,691	$40,834
Other Debtors	13,426	6,433
Other receivables	$45,117	$47,267

8_Prepayments_Details

8. Prepayments (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Prepayments Tables
Prepaid expenses	$126,329	$144,694
Total	$126,329	$144,694

9_Property_and_Equipment_Detai

9. Property and Equipment (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Property And Equipment Tables
Furniture and Fixtures	$47,719	$22,132
Motor Vehicles	12,948	44,560
Purchased Software	58,680	58,588
Office Equipment	225,694	125,341
Property and Equipment - gross	345,041	250,621
Less: Accumulated depreciation	-150,131	-8,529
Property and equipment, net	$194,910	$242,092

10_Other_assets_net_Details

10. Other assets, net (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Other Assets Net Tables
Bonds	$15,374	$15,569
Other	693	752
Other assets, net	$16,067	$16,321

11_Intangible_Assets_Details

11. Intangible Assets (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Gross Amount	$19,981,927	$4,879,000
Accumulated Amortization	-1,143,678	-64,921
Net Amount	18,838,249	4,814,079
Goodwill, ending	10,908,202	419,000
Capitalized Software Costs
Gross Amount	7,833,725	4,360,000
Accumulated Amortization	-984,406	-64,113
Net Amount	6,849,319	4,295,887
Tradenames
Gross Amount	420,000	60,000
Accumulated Amortization	-51,114	-346
Net Amount	368,886	59,654
Customer Relationships
Gross Amount	820,000	40,000
Accumulated Amortization	-108,158	-462
Net Amount	$711,842	$39,538

11_Intangible_Assets_Details_1

11. Intangible Assets (Details 1) (USD $)	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
2015	$2,032,557
2016	2,032,557
2017	2,032,557
2018	1,832,875
2019
Thereafter
Total	$7,930,546

11_Intangible_Assets_Details_2

11. Intangible Assets (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2014
Intangible Assets Details 2
Goodwill, beginning	$419,000
Acquisition of Wunderkind	10,489,202
Goodwill, ending	$10,908,202

12_Fair_Value_Measurements_Det

12. Fair Value Measurements (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Liabilities
Conversion feature	$2,434,000
Orbach Warrant liability	16,390
Warrant liability	63,747	7,717
Note liability	56,263	21,600
Level 1
Liabilities
Conversion feature	0
Orbach Warrant liability	0
Warrant liability	0	0
Note liability	0	0
Level 2
Liabilities
Conversion feature	0
Orbach Warrant liability	0
Warrant liability	0	0
Note liability	0	0
Level 3
Liabilities
Conversion feature	2,434,000
Orbach Warrant liability	16,390
Warrant liability	63,747	7,717
Note liability	$56,263	$21,600

13_Accrued_Expenses_and_other_2

13. Accrued Expenses and other current liabilities (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Payables and Accruals [Abstract]
Credit Cards	$22,277	$16,763
Accrued Expenses	331,756	313,473
Accrued Expenses and Other Current Liabilities	$354,033	$330,236

13_Accrued_Expenses_and_other_3

13. Accrued Expenses and other current liabilities (Details 1) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Current
Payable to Staff	$1,263	$5,499
Long Service Leave Provision	157,585	188,118
Annual Leave Provision	263,098	328,842
Employee Pension Plan	160,449	110,966
Federal Payroll Tax	261,843	152,681
State Payroll Tax	16,205	14,903
Accrued compensation and related costs	$860,443	$801,009

15_Borrowings_Details

15. Borrowings (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Derivative liability	$2,570,400	$29,317
New Borrowings	7,086,100
Fair Value Adjustments	-4,545,017
Redemptions	0
Notes
Derivative liability	56,263	21,600
New Borrowings	0
Fair Value Adjustments	34,663
Redemptions	0
Warrants
Derivative liability	63,747	7,717
New Borrowings	0
Fair Value Adjustments	56,030
Redemptions	0
Conversion feature, non-dilution
Derivative liability	2,434,000	0
New Borrowings	7,075,000
Fair Value Adjustments	-4,641,000
Redemptions	0
Orbach Warrant liability
Derivative liability	16,390	0
New Borrowings	11,100
Fair Value Adjustments	5,290
Redemptions	$0

17_Taxes_Payable_Refundable_De

17. Taxes (Payable) Refundable (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Goods and Services Taxes Payable - Australia	($2,658)	($75,907)
Fringe Benefit Tax Payable - Australia	-624	813
Value Added Tax Payable - United Kingdom	-104,794	-53,079
Income Tax Refundable - Australia	780,717	1,476,597
Taxes Refundable	672,641	1,348,424
Taxes Payable	435,306	0
United States
Taxes Payable	40,000	0
United Kingdom
Taxes Payable	$395,306	$0

18_Income_Taxes_Details

18. Income Taxes (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Federal:
Current	$40,000	$0
Deferred	0	0
Total	40,000	0
Foreign:
Current	18,130	119,613
Deferred	354,450	0
Total	372,580	119,613
Total income tax expense (benefit)	$412,580	($119,613)

18_Income_Taxes_Details_1

18. Income Taxes (Details 1) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Gross deferred tax assets:
Loss carryforwards	$390,795	$335,446
Investments	315,765	359,285
Total gross deferred tax assets	706,560	694,731
Less valuation allowance	-706,560	-694,731
Net deferred tax assets	0	0
Gross deferred tax liabilities:
Intangibles	2,664,450	1,338,000
Total gross deferred tax liability	2,664,450	1,338,000
Net deferred tax liability	$2,664,450	$1,338,000

18_Income_Taxes_Details_2

18. Income Taxes (Details 2)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
U.S. statutory federal rates applied to pretax loss	34.00%	34.00%
Nondeductible expenses	-30.70%	6.33%
Change in tax rate	1.00%	0.00%
Other	1.10%	0.00%
Valuation allowance on deferred tax assets	0.30%	-42.30%
Foreign tax impact	2.20%	3.90%
Effective income tax rate	7.90%	1.93%

20_Commitments_and_Contingenci1

20. Commitments and Contingencies (Details) (USD $)	Dec. 31, 2014
Office spaces in Australia and in the UK
2015	$160,097
2016	160,097
2017	160,097
2018	4,825
Thereafter	0
Total	485,116
Motor vehicles
2015	16,486
2016	16,486
2017	34,074
Thereafter	0
Total	$67,046

22_Business_and_Geographic_Seg1

22. Business and Geographic Segment Information (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Revenues	$13,417,745	$1,265,248
Long-lived assets	194,910	242,092
United Kingdom
Revenues	7,908,103	571,531
Long-lived assets	102,264	39,326
Australia
Revenues	5,509,642	693,717
Long-lived assets	$92,646	$202,766

25_Extinguishment_of_Liabiliti2

25. Extinguishment of Liabilities (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Total liabilities, beginning	$4,566,392
Add/(less):
Movement in derivative fair value (Derivative income in P&L)	4,533,917	376,156
Gain on debt forgiveness	0	-179,154
Gain on conversion	-1,087	233,811
Total liabilities, ending	14,887,708	4,566,392
Xtreme
Total liabilities, beginning		6,250,190
Add/(less):
Liabilities extinguished in discontinued operations		-1,661,676
Liabilities extinguished through issue of equity instruments		-3,728,203
Liabilities settled in cash		-14,863
Movement in derivative fair value (Derivative income in P&L)		-376,156
Gain on debt forgiveness		-179,154
Gain on conversion		-233,811
Additional liabilities incurred during the year ended December 31, 2013		235,842
Other movements		18,757
Total liabilities, ending		$310,926

25_Extinguishment_of_Liabiliti3

25. Extinguishment of Liabilities (Details 1) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Total remaining liabilities as of December 31, 2013 comprising of:
Convertible note payable	$5,651,466	$151,466
Derivative liability	2,570,400	29,317
Liabilities	14,887,708	4,566,392
Xtreme
Total remaining liabilities as of December 31, 2013 comprising of:
Convertible note payable		151,466
Derivative liability		29,317
Accounts payable		130,143
Liabilities		310,926	6,250,190
Total value of Common and Preferred Stock issued during the year		9,228,203
Less: Common & Preferred Stock issued toB Southport Lane, LP		-5,500,000
Net		$3,728,203