FlikMedia (CBXX) 10-K/A 20 Apr 16 2015 FY Annual report (amended) Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Apr. 14, 2016	Jun. 30, 2015
Document And Entity Information
Entity Registrant Name	FlikMedia, Inc.
Entity Central Index Key	1,493,563
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filer	Yes
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 52,000,000
Entity Common Stock, Shares Outstanding		46,735,500
Trading Symbol	FLKM
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
CURRENT ASSETS
Cash and cash equivalents		$ 113,176
Prepaid expenses		60,000
TOTAL CURRENT ASSETS		173,176
NON-CURRENT ASSETS
Intangible assets, net		30,133
Property and equipment, net		9,369
Goodwill		117,224
TOTAL NON-CURRENT ASSETS		156,726
TOTAL ASSETS	$ 0	329,902
CURRENT LIABILITIES
Accounts payable and accrued expenses	375,781	147,711
Accounts payable to related parties	296,095	$ 129,730
Bank overdraft	422
TOTAL CURRENT LIABILITIES	672,298	$ 277,441
NON-CURRENT LIABILITIES
Convertible notes, net of discount	175,667	9,501
TOTAL NON-CURRENT LIABILITIES	175,667	9,501
TOTAL LIABILITIES	$ 847,965	$ 286,942
STOCKHOLDERS’ EQUITY (DEFICIT)
Preferred stock, $0.001 par value, 5,000,000 shares authorized, none issued and outstanding
Common stock, $0.001 par value, 75,000,000 shares authorized, 46,735,500 and 45,554,498 shares issued and outstanding, respectively	$ 46,735	$ 45,554
Common stock to be issued	14,700	4,200
Additional paid-in capital	4,244,260	1,403,491
Accumulated deficit	(5,153,661)	(1,410,285)
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT)	(847,965)	42,960
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	$ 0	$ 329,902

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	46,735,500	45,554,498
Common stock, shares outstanding	46,735,500	45,554,498

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Operating Expenses
Research and development	$ 82,151	$ 312,684
Depreciation and amortization	13,185	26,689
Professional fees	788,073	132,245
General and administration	2,552,109	338,195
Total operating expenses	3,435,518	809,813
Loss from operations	(3,435,518)	(809,813)
Other Income (Expense)
Interest expense	$ (144,317)	(27,641)
Loss on note receivable		$ (328,700)
Settlement reserve	$ (20,000)
Gain/(loss) on intangible assets	(143,541)
Total other expense	(307,858)	$ (356,341)
Loss before provision for income taxes	$ (3,743,376)	$ (1,166,154)
Provision for income taxes
Net loss	$ (3,743,376)	$ (1,166,154)
Net loss per share
Basic	$ (0.082)	$ (0.032)
Diluted	$ (0.082)	$ (0.032)
Weighted average number of shares used in computing basic and diluted net loss per share:
Basic	45,701,032	36,315,811
Diluted	45,701,032	36,315,811

Consolidated Statements of Stoc

Consolidated Statements of Stockholders’ Equity (Deficit) - 12 months ended Dec. 31, 2015 - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Common Stock to be Issued [Member]	Accumulated Deficit [Member]	Total
Balance at Dec. 31, 2014		$ 45,554	$ 1,403,491	$ 4,200	$ (1,410,285)	$ 42,960
Balance, shares at Dec. 31, 2014		45,554,498
Common stock for services		$ 1,181	2,764,519	$ 10,500		2,776,200
Common stock for services, shares		1,181,002
Discount on convertible notes			$ 76,250			76,250
Net loss					$ (3,743,376)	(3,743,376)
Balance at Dec. 31, 2015		$ 46,735	$ 4,244,260	$ 14,700	$ (5,153,661)	$ (847,965)
Balance, shares at Dec. 31, 2015		46,735,500

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Statement of Cash Flows [Abstract]
Net loss	$ (3,743,376)	$ (1,166,154)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	13,185	26,689
Stock based compensation	2,776,200	4,200
Interest on discount of convertible debt	92,416	10,666
Impairment loss	143,541	328,700
(Increase) decrease in current assets:
Prepaid expenses	60,000	(60,000)
Increase (decrease) in current liabilities:
Accounts payable and accrued expenses	394,436	214,784
Net cash used in operating activities	$ (263,598)	(641,115)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment		(8,738)
Cash acquired in acquisition		11,783
Net cash provided by investing activities		3,045
CASH FLOWS FROM FINANCING ACTIVITIES
(Purchase) issuance of common stock		$ (63)
Bank overdraft	$ 422
Shareholder loan		$ (11,181)
Convertible notes	$ 150,000	762,285
Net cash provided by financing activities	150,422	751,041
Net increase (decrease) in cash and cash equivalents	(113,176)	112,971
Cash and cash equivalents at the beginning of the period	$ 113,176	205
Cash and cash equivalents at the end of the period		113,176
SUPPLEMENTAL DISCLOSURES:
Common stock issued for conversion of convertible notes and warrants		$ 742,262
Income tax payments
Interest payments

Basis of Presentation and Organ

Basis of Presentation and Organization	12 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Organization	Note 1 – BASIS OF PRESENTATION AND ORGANIZATION NATURE OF THE BUSINESS FlikMedia, Inc. was incorporated in the State of Nevada on July 29, 2009, under the name Go Green Directories, Inc. and changed its name to Crossbox, Inc. on January 15, 2014. On July 7, 2014, in contemplation of its acquisition of Flikdate, Inc., Crossbox changed its name to FlikMedia, Inc. We were a development stage company prior to our acquisition of Flikdate described below. When used in these notes, the terms “Company,” “we,” “our,” or “us” mean FlikMedia, Inc. and Subsidiary. Flikdate, Inc., was incorporated under the laws of the State of Delaware on November 28, 2012. On April 9, 2013, Flikdate, Inc. merged with Flikdate, LLC. Under the terms of the Merger Agreement, the sole member of Flikdate, LLC received a total of 100 shares of voting common stock of Flikdate, Inc. In addition, pursuant to the agreement, Flikdate, LLC ceased as of April 9, 2013. On July 24, 2014, FlikMedia acquired Flikdate. Under the terms of the Exchange Agreement, all stockholders of Flikdate received a total of 32,291,287 shares of voting common stock of FlikMedia in exchange for all outstanding shares of Flikdate. Under accounting principles generally accepted in the United States, the share exchange is considered to be a capital transaction in substance, rather than a business combination. That is, the share exchange is equivalent to the issuance of stock by Flikdate for the net monetary assets of FlikMedia accompanied by a recapitalization, and is accounted for as a change in capital structure. Accordingly, the accounting for the share exchange will be identical to that resulting from a reverse acquisition, except no goodwill will be recorded. Under share reverse takeover accounting, the post reverse acquisition comparative historical financial statements of the legal acquirer, FlikMedia are those of the legal acquiree, Flikdate, which is considered to be the accounting acquirer. Share and per share amounts stated have been retroactively adjusted to reflect the merger. On August 14, 2015 the Company determined that it no longer has sufficient assets available to meet new obligations or liabilities that may arise after that date. As a result the Company has ceased normal operations pending new sources of working capital to satisfy its day-to-day operations. For the period ended December 31, 2015 the Company has made certain adjustments to the carrying value of its assets to impair to zero, which reflects managements anticipated market value for those assets. Organization Flikdate has developed a software application to enable men and women to engage in live video social “dating” interaction on their mobile phones. The technology permits users to go on a virtual date and quickly skip – or “flik” in the parlance of the application - between multiple users. Flikdate is the world’s first real-time video speed dating platform and it anticipates generating revenue in the future from a patented technology which bills users per duration of video session.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Principles of Consolidation The condensed consolidated financial statements include the accounts of FlikMedia, Inc. and its wholly owned subsidiary Flikdate, Inc. All inter-company accounts and transactions have been eliminated in the preparation of these condensed consolidated statements. Income Taxes The Company utilizes the liability method of accounting for income tax. Under the liability method, deferred income tax assets and liabilities are provided based on the difference between the financial statements and tax basis of assets and liabilities The Company has adopted accounting standards for the accounting for uncertain income taxes. These standards provide guidance for the accounting and disclosure about uncertain tax positions taken. Management believes that all of the positions taken in its federal and states income tax returns are more likely than not to be sustained upon examination. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates and assumptions are reviewed periodically and the effects of revisions are reflected in the condensed consolidated financial statements in the period they are determined. Research and Development Research and development expenses include payroll, employee benefits, and other headcount-related expenses associated with product development. Research and development expenses also include third-party development and programming costs, localization costs incurred to translate software for international markets, and the amortization of purchased software code and services content. Such costs related to software development are included in research and development expense until the point that technological feasibility is reached, which for our software products, is generally shortly before the products are put into service. Once technological feasibility is reached, such costs are capitalized and amortized to cost of revenue over the estimated lives of the products. Research and development expense is included as an operating expense. Debt with Detachable Stock Purchase Warrants and Beneficial Conversion Features The proceeds received from debt issued with detachable stock purchase warrants is allocated between the notes and the warrants, based upon the relative fair values of the two securities. The difference between the proceeds allocated to the notes and the face value of the notes is recognized as beneficial conversion feature and reflected as a discount from the convertible notes with a corresponding credit to additional paid-in capital. This beneficial conversion feature together with the value of the warrants is amortized to interest expense over the term of the debt instrument, using the effective interest method. Risks and Uncertainties The Company is subject to risks from, among other things, competition associated with the industry in general, other risks associated with financing, liquidity requirements, rapidly changing customer requirements and technologies and limited operating history. Contingencies Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company’s management and legal counsel assess such contingent liabilities, and such assessment inherently involves judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company’s legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought. If the assessment of a contingency indicates it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potential material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material would be disclosed. Loss contingencies considered to be remote by management are generally not disclosed unless they involve guarantees, in which case the guarantee would be disclosed. Goodwill Goodwill represents the excess of the purchase price over the fair value of the net assets acquired in a business combination. Goodwill is not amortized but is evaluated for impairment at the reporting unit level annually as of December 31, or more frequently if events or changes in circumstances indicate that impairment may exist. Effective November 28, 2012, the Company adopted ASU 2011-08, which allows the Company to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. This step serves as the basis for determining whether it is necessary to perform the two-step goodwill impairment test. The two-step test first compares the fair value of the reporting unit to its carrying value. If the fair value exceeds the carrying value, no impairment exists, and the second step is not performed. If the fair value is less than the carrying value, the second step is performed to compute the amount of the impairment by comparing the implied fair value of reporting unit goodwill with the carrying amount of that goodwill. The adoption did not have a material impact on the condensed consolidated financial statements. The Company determined that goodwill was impaired during the year ended December 31, 2015 and recorded an impairment loss of $117,224. Fair Value of Financial Instruments For certain of the Company’s financial instruments, including cash and equivalents, restricted cash, accounts receivable, accounts payable, accrued liabilities and short-term debt, the carrying amounts approximate their fair values due to their short maturities. ASC Topic 820, “Fair Value Measurements and Disclosures,” requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, “Financial Instruments,” defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the consolidated balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows: Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets. Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement. The Company analyzes all financial instruments with features of both liabilities and equity under ASC 480, “Distinguishing Liabilities from Equity,” and ASC 815. As of December 31, 2015 and 2014, the Company did not identify any assets and liabilities that are required to be presented on the balance sheet at fair value. Intangible Assets The Company records identifiable intangible assets at fair value on the date of acquisition and evaluates the useful life of each asset. Finite-lived intangible assets primarily consist of software development capitalized. Finite-lived intangible assets are amortized on a straight-line basis and are tested for recoverability if events or changes in circumstances indicate that their carrying amounts may not be recoverable. These intangibles have useful lives ranging from 1 to 10 years. As of December 31, 2015, all intangible assets were deemed to be impaired. Recently Issued Accounting Pronouncements There have been no new accounting pronouncements during the year ended December 31, 2015 that we believe would have a material impact on our financial position or results of operations. Going Concern These financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. As of December 31, 2015, the Company has no revenue, and has an accumulated deficit of $5,153,661. The continuation of the Company as a going concern is dependent upon the continued financial support from its management, and its ability to identify future investment opportunities and obtain the necessary debt or equity financing, and generating profitable operations from the Company’s future operations. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Note 3 – INTANGIBLE ASSETS Intangible assets consist of the following as of December 31, 2015 and 2014: December 31, 2015 December 31, 2014 Development costs $ 77,000 $ 77,000 Trademarks 19,438 19,438 Intangible assets 96,438 96,438 Accumulated amortization (77,000 ) (66,306 ) Impairment loss (19,438 ) - $ - $ 30,133 Development costs were amortized over 3 years. Amortization expense was $10,694 and $19,250 for the year ended December 31, 2015 and 2014, respectively. The Company concluded that all intangible assets including goodwill were impaired during the year ended December 31, 2015 and recorded $19,438 in impairment loss for the intangible asset.

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	12 Months Ended
	Dec. 31, 2015
Payables and Accruals [Abstract]
Accounts Payable and Accrued Expenses	Note 4 – ACCOUNTS PAYABLE AND ACCRUED EXPENSES As of December 31, 2015 and 2014, accounts payable and accrued expenses consist of the following: December 31, 2015 December 31, 2014 Accounts payable $ 268,986 $ 163,343 Accrued wages 271,095 81,095 Accrued expenses 75,634 28,250 Accrued interest 56,655 4,753 Total $ 672,298 $ 277,441

Convertible Notes

Convertible Notes	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Convertible Notes	Note 5 – CONVERTIBLE NOTES Between October 26 and December 9, 2014, the Company entered into several convertible note agreements totaling $400,000. Terms of the convertible note include interest at the rate of ten percent per annum, compounded annually payable upon maturity with exercise price of $1 per share and the right to convert the note automatically at the next equity financing or upon the event of a corporate transaction prior to full payment of a note or prior to the time when a note may be converted with interest. In February, March, May and June 2015, the Company entered into convertible note agreements totaling $150,000. Terms of the convertible note include interest at the rate of ten percent per annum, compounded annually payable upon maturity with exercise price of $1 per share and the right to convert the note automatically at the next equity financing or upon the event of a corporate transaction prior to full payment of a note or prior to the time when a note may be converted with interest. In connection with the issuance of these notes, the Company issued warrants that were recorded as a debt discount at an initial aggregate value of $208,850. The fair value of the beneficial conversion feature of the notes were determined to be $255,150. The value of these warrants and beneficial conversion features, along with the value of previously issued warrants, was amortized over the life of the loan. As of December 31, 2015 and 2014 outstanding convertible notes payable consisted of the following: December 31, 2015 December 31, 2014 Convertible notes, due October – December 2019 $ 400,000 $ 400,000 Convertible notes, due January – March 2020 125,000 - Convertible notes, due April – June 2020 25,000 - Total $ 550,000 $ 400,000 Current portion $ - $ - Long term portion 550,000 400,000 Less beneficial conversion feature (201,680 ) (214,106 ) Less debt Discount (172,653 ) (176,393 ) $ 175,667 $ 9,501 For the years ended December 31, 2015 and 2014, interest expenses for the convertible loans including discounts for warrants and beneficial conversion feature was $144,317 and $27,641, respectively.

Stock Warrant

Stock Warrant	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Stock Warrant	Note 6 – STOCK WARRANT In connection with the issuance of the $400,000 convertible notes, the Company issued warrants to all the convertible loan holders to purchase an aggregate of 80,000 shares of common stock. The warrants have a conversion price of $1 per share and expires 5 years from the date of the convertible loan. The fair value of the warrants was estimated at $180,550 using a Black-Scholes model with the following assumptions: expected volatility of 165.83% to 171.12%, risk free interest of 1.57% to 1.64%, expected life of 5 years and no dividends. The fair value of the warrants was recorded as equity and a debt discount and will be amortized to interest expense over the term of the loan. In connection with the issuance of the $150,000 convertible notes, the Company issued warrants to all the convertible note holders to purchase an aggregate of 30,000 shares of common stock. The warrants have a conversion price of $1 per share and expire 5 years from the date of the convertible loan. The fair value of the warrants was estimated at $34,650 using a Black-Scholes model with the following assumptions: expected volatility of 226% to 238%, risk free interest of 1.28% to 1.65%, expected life of 5 years and no dividends. The fair value of the warrants was recorded as equity and a debt discount and will be amortized to interest expense over the term of the loan. As of December 31, 2015 and 2014 outstanding stock warrants consisted of the following: Weighted Weighted Average Average Remaining Number of Exercise Contractual Warrants Price Term Balance outstanding, December 31, 2014 80,000 $ 1.00 4.88 Granted 30,000 1.00 4.46 Exercised - - - Forfeited/expired - - - Balance outstanding, December 31, 2015 110,000 $ 1.00 4.23 Exercisable, December 31, 2015 110,000 $ 1.00 4.23

Stock Compensation

Stock Compensation	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Compensation	Note 7 – STOCK COMPENSATION On December 18, 2014, the Board of Directors of the Company appointed Mr. David R. Wells, to serve as the Company’s Interim Chief Financial Officer. As compensation for his services, the Company agreed to issue Mr. Wells 450,000 restricted shares of common stock on the date that is 90 days from the date of the employment agreement, and an additional 100,000 restricted shares of common stock to be issued on a quarterly basis in arrears commencing on December 31, 2015 through the end of the initial employment term on December 31, 2016. During the year ended December 31, 2015, $2,125,000 in fair value was recognized under this award. During the year ended December 31, 2015, 550,000 shares have been issued under this agreement. During the year ended December 31, 2015, the Company issued 631,002 shares of common stock at fair value for $640,700 under three separate consulting agreements and recorded shares to be issued for $10,500.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Note 8 – RELATED PARTY TRANSACTIONS During the year ended December 31, 2015 and 2014, the Company contracted services from a related company controlled by shareholders and officers of this Company. Contracted services included development and technology costs and administrative services that amounted to $82,691 and $76,791, respectively.

Stockholders' Equity (Deficit)

Stockholders' Equity (Deficit)	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Stockholders' Equity (Deficit)	Note 9 – STOCKHOLDERS’ EQUITY (DEFICIT) Preferred Stock The Company has 5,000,000 shares Preferred Stock authorized at a par value of $0.001 and there are no outstanding as of December 31, 2015 and 2014. Common Stock The Company has 75,000,000 shares of Common Stock authorized at a par value of $0.001 as of December 31, 2015 and 2014. There were 46,735,500 and 45,554,498 shares issued and outstanding as of December 31, 2015 and 2014, respectively. During the year ended December 31, 2015, the Company issued 1,181,002 shares of common stock, including 631,002 shares of common stock issued under three separate consulting agreements, and 550,000 shares of common stock to its CFO. Dividend Policy The Company has not yet adopted a policy regarding the payment of dividends and no dividends have been declared.

Income Tax

Income Tax	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax	Note 10 – INCOME TAX The following is the income tax expense reflected in the Statement of Operations for the years ended December 31, 2015 and 2014: Income Tax Expense 2015 2014 Current $ - $ - Deferred - - Total $ - $ - The following are the components of loss before income tax reflected in the Statement of Operations for the years ended December 31, 2015 and 2014: Components Of Loss Before Income Tax 2015 2014 Loss before income tax $ (3,743,376) $ (1,166,154 ) Income tax $ - $ - The following is a reconciliation of the provision for income taxes at the US federal income tax rate to the income taxes reflected in the Statement of Operations for the period ended December 31, 2015: Income Tax Rate Reconciliation 2015 2014 US statutory rates 34 % 34 % Loss from operations (34 )% (34 )% Tax expense at actual rate - % - %

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 11 – COMMITMENTS AND CONTINGENCIES Legal Matters In the ordinary course of business, The Company may become subject to certain lawsuits and other potential legal actions. The Company does not believe there are any pending legal proceedings that will have a material impact on the Company’s financial position or results of operations. As of December 31, 2015, the Company reserved $20,000 for possible future settlements. One of these actions was brought by the Washington State Department of Financial Institutions Securities Division (the “Washington DFI”) against us and its two directors as controlled persons. The case alleges a violation of the anti-fraud provisions of Washington State Securities law in connection with FlikMedia’s unilateral action to purchase of stock from a former employee, including vested shares. The Washington DFI seeks to impose a certain fines against us and each director. FlikMedia and its directors have responded to the Washington DFI action and have asserted that the action is a private litigation matter and should be dismissed for, among other reasons, lack of jurisdiction. Related to the DFI action, the Company received a demand letter from the former employee claiming damages based on 327,532 shares of the Company’s common stock.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	Note 12 – SUBSEQUENT EVENTS Mr. David R. Wells resigned as our Chief Financial Officer, effective January 4, 2016. On January 11, 2016, the Board of Directors of the Company appointed Mr. Mark W. Lee, to serve as our Chief Financial Officer on an interim basis. Mr. Lee resigned as our Chief Financial Officer, effective February 22, 2016.

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”).
Principles of Consolidation	Principles of Consolidation The condensed consolidated financial statements include the accounts of FlikMedia, Inc. and its wholly owned subsidiary Flikdate, Inc. All inter-company accounts and transactions have been eliminated in the preparation of these condensed consolidated statements.
Income Taxes	Income Taxes The Company utilizes the liability method of accounting for income tax. Under the liability method, deferred income tax assets and liabilities are provided based on the difference between the financial statements and tax basis of assets and liabilities The Company has adopted accounting standards for the accounting for uncertain income taxes. These standards provide guidance for the accounting and disclosure about uncertain tax positions taken. Management believes that all of the positions taken in its federal and states income tax returns are more likely than not to be sustained upon examination.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates and assumptions are reviewed periodically and the effects of revisions are reflected in the condensed consolidated financial statements in the period they are determined.
Research and Development	Research and Development Research and development expenses include payroll, employee benefits, and other headcount-related expenses associated with product development. Research and development expenses also include third-party development and programming costs, localization costs incurred to translate software for international markets, and the amortization of purchased software code and services content. Such costs related to software development are included in research and development expense until the point that technological feasibility is reached, which for our software products, is generally shortly before the products are put into service. Once technological feasibility is reached, such costs are capitalized and amortized to cost of revenue over the estimated lives of the products. Research and development expense is included as an operating expense.
Debt with Detachable Stock Purchase Warrants and Beneficial Conversion Features	Debt with Detachable Stock Purchase Warrants and Beneficial Conversion Features The proceeds received from debt issued with detachable stock purchase warrants is allocated between the notes and the warrants, based upon the relative fair values of the two securities. The difference between the proceeds allocated to the notes and the face value of the notes is recognized as beneficial conversion feature and reflected as a discount from the convertible notes with a corresponding credit to additional paid-in capital. This beneficial conversion feature together with the value of the warrants is amortized to interest expense over the term of the debt instrument, using the effective interest method.
Risks and Uncertainties	Risks and Uncertainties The Company is subject to risks from, among other things, competition associated with the industry in general, other risks associated with financing, liquidity requirements, rapidly changing customer requirements and technologies and limited operating history.
Contingencies	Contingencies Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company’s management and legal counsel assess such contingent liabilities, and such assessment inherently involves judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company’s legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought. If the assessment of a contingency indicates it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potential material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material would be disclosed. Loss contingencies considered to be remote by management are generally not disclosed unless they involve guarantees, in which case the guarantee would be disclosed.
Goodwill	Goodwill Goodwill represents the excess of the purchase price over the fair value of the net assets acquired in a business combination. Goodwill is not amortized but is evaluated for impairment at the reporting unit level annually as of December 31, or more frequently if events or changes in circumstances indicate that impairment may exist. Effective November 28, 2012, the Company adopted ASU 2011-08, which allows the Company to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. This step serves as the basis for determining whether it is necessary to perform the two-step goodwill impairment test. The two-step test first compares the fair value of the reporting unit to its carrying value. If the fair value exceeds the carrying value, no impairment exists, and the second step is not performed. If the fair value is less than the carrying value, the second step is performed to compute the amount of the impairment by comparing the implied fair value of reporting unit goodwill with the carrying amount of that goodwill. The adoption did not have a material impact on the condensed consolidated financial statements. The Company determined that goodwill was impaired during the year ended December 31, 2015 and recorded an impairment loss of $117,224.
Fair Value of Financial Instruments	Fair Value of Financial Instruments For certain of the Company’s financial instruments, including cash and equivalents, restricted cash, accounts receivable, accounts payable, accrued liabilities and short-term debt, the carrying amounts approximate their fair values due to their short maturities. ASC Topic 820, “Fair Value Measurements and Disclosures,” requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, “Financial Instruments,” defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the consolidated balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows: Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets. Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement. The Company analyzes all financial instruments with features of both liabilities and equity under ASC 480, “Distinguishing Liabilities from Equity,” and ASC 815. As of December 31, 2015 and 2014, the Company did not identify any assets and liabilities that are required to be presented on the balance sheet at fair value.
Intangible Assets	Intangible Assets The Company records identifiable intangible assets at fair value on the date of acquisition and evaluates the useful life of each asset. Finite-lived intangible assets primarily consist of software development capitalized. Finite-lived intangible assets are amortized on a straight-line basis and are tested for recoverability if events or changes in circumstances indicate that their carrying amounts may not be recoverable. These intangibles have useful lives ranging from 1 to 10 years. As of December 31, 2015, all intangible assets were deemed to be impaired.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements There have been no new accounting pronouncements during the year ended December 31, 2015 that we believe would have a material impact on our financial position or results of operations.
Going Concern	Going Concern These financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. As of December 31, 2015, the Company has no revenue, and has an accumulated deficit of $5,153,661. The continuation of the Company as a going concern is dependent upon the continued financial support from its management, and its ability to identify future investment opportunities and obtain the necessary debt or equity financing, and generating profitable operations from the Company’s future operations. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	Intangible assets consist of the following as of December 31, 2015 and 2014: December 31, 2015 December 31, 2014 Development costs $ 77,000 $ 77,000 Trademarks 19,438 19,438 Intangible assets 96,438 96,438 Accumulated amortization (77,000 ) (66,306 ) Impairment loss (19,438 ) - $ - $ 30,133

Accounts Payable and Accrued 21

Accounts Payable and Accrued Expenses (Tables)	12 Months Ended
	Dec. 31, 2015
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Expenses	As of December 31, 2015 and 2014, accounts payable and accrued expenses consist of the following: December 31, 2015 December 31, 2014 Accounts payable $ 268,986 $ 163,343 Accrued wages 271,095 81,095 Accrued expenses 75,634 28,250 Accrued interest 56,655 4,753 Total $ 672,298 $ 277,441

Convertible Notes (Tables)

Convertible Notes (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Schedule of Convertible Notes	As of December 31, 2015 and 2014 outstanding convertible notes payable consisted of the following: December 31, 2015 December 31, 2014 Convertible notes, due October – December 2019 $ 400,000 $ 400,000 Convertible notes, due January – March 2020 125,000 - Convertible notes, due April – June 2020 25,000 - Total $ 550,000 $ 400,000 Current portion $ - $ - Long term portion 550,000 400,000 Less beneficial conversion feature (201,680 ) (214,106 ) Less debt Discount (172,653 ) (176,393 ) $ 175,667 $ 9,501

Stock Warrant (Tables)

Stock Warrant (Tables)	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Summary of Outstanding Stock Warrants	As of December 31, 2015 and 2014 outstanding stock warrants consisted of the following: Weighted Weighted Average Average Remaining Number of Exercise Contractual Warrants Price Term Balance outstanding, December 31, 2014 80,000 $ 1.00 4.88 Granted 30,000 1.00 4.46 Exercised - - - Forfeited/expired - - - Balance outstanding, December 31, 2015 110,000 $ 1.00 4.23 Exercisable, December 31, 2015 110,000 $ 1.00 4.23

Income Tax (Tables)

Income Tax (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense	The following is the income tax expense reflected in the Statement of Operations for the years ended December 31, 2015 and 2014: Income Tax Expense 2015 2014 Current $ - $ - Deferred - - Total $ - $ -
Components of Loss Before Income Tax	The following are the components of loss before income tax reflected in the Statement of Operations for the years ended December 31, 2015 and 2014: Components Of Loss Before Income Tax 2015 2014 Loss before income tax $ (3,743,376) $ (1,166,154 ) Income tax $ - $ -
Schedule of Income Tax Rate Reconciliation	The following is a reconciliation of the provision for income taxes at the US federal income tax rate to the income taxes reflected in the Statement of Operations for the period ended December 31, 2015: Income Tax Rate Reconciliation 2015 2014 US statutory rates 34 % 34 % Loss from operations (34 )% (34 )% Tax expense at actual rate - % - %

Basis of Presentation and Org25

Basis of Presentation and Organization (Details Narrative) - Flikdate [Member] - shares	Jul. 24, 2014	Apr. 09, 2013
Merger Agreement [Member]
Voting common stock, shares		100
Exchange Agreement [Member]
Number of shares voting of common stock in exchange of outstanding shares	32,291,287

Summary of Significant Accoun26

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Impairment of goodwill	$ 117,224
Accumulated deficit	$ 5,153,661	$ 1,410,285
Minimum [Member]
Intangibles assets useful lives	1 year
Maximum [Member]
Intangibles assets useful lives	10 years

Intangible Assets (Details Narr

Intangible Assets (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Development costs amortized over period	3 years
Amortization expense	$ 10,694	$ 19,250
Intangible asset impairment	$ 19,438

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Development costs	$ 77,000	$ 77,000
Trademarks	19,438	19,438
Intangible assets	96,438	96,438
Accumulated amortization	(77,000)	$ (66,306)
Impairment loss	$ (19,438)
Intangible assets, net		$ 30,133

Accounts Payable and Accrued 29

Accounts Payable and Accrued Expenses - Schedule of Accounts Payable and Accrued Expenses (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Payables and Accruals [Abstract]
Accounts payable	$ 268,986	$ 163,343
Accrued wages	271,095	81,095
Accrued expenses	75,634	28,250
Accrued interest	56,655	4,753
Total	$ 672,298	$ 277,441

Convertible Notes (Details Narr

Convertible Notes (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Jun. 30, 2015	Dec. 09, 2014
Convertible note payable	$ 550,000	$ 400,000
Debt instrument debt discount	172,653	176,393
Interest expenses for convertible loans net of discounts for warrants and beneficial conversion feature	144,317	$ 27,641
Convertible Note Agreements [Member]
Convertible note payable			$ 150,000	$ 400,000
Debt instrument interest rate			10.00%	10.00%
Conversion price per share			$ 1	$ 1
Convertible Note [Member]
Debt instrument debt discount	208,850
Beneficial conversion feature	$ 255,150

Convertible Notes - Schedule of

Convertible Notes - Schedule of Convertible Notes (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Total	$ 550,000	$ 400,000
Current portion
Long term portion	$ 550,000	$ 400,000
Less beneficial conversion feature	(201,680)	(214,106)
Less debt discount	(172,653)	(176,393)
Convertible notes, net	175,667	9,501
Convertible Notes, Due October - December 2019 [Member]
Total	400,000	$ 400,000
Convertible Notes, Due January - March 2020 [Member]
Total	125,000
Convertible Notes, Due April - June 2020 [Member]
Total	$ 25,000

Convertible Notes - Schedule 32

Convertible Notes - Schedule of Convertible Notes (Details) (Parenthetical)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Convertible Notes, Due October - December 2019 [Member]
Debt instrument maturity date description	October - December 2019	October - December 2019
Convertible Notes, Due January - March 2020 [Member]
Debt instrument maturity date description	January - March 2020	January - March 2020
Convertible Notes, Due April - June 2020 [Member]
Debt instrument maturity date description	April – June 2020	April – June 2020

Stock Warrant (Details Narrativ

Stock Warrant (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Issuance of convertible notes	$ 150,000	$ 762,285
Stock Warrant [Member]
Issuance of convertible notes	400,000
Issued warrants to note holder to purchase of common stock shares	$ 80,000
Warrant exercise price	$ 1
Debt term	5 years
Fair value of the warrants	$ 180,550
Fair value of warrants, expected volatility, minimum	165.83%
Fair value of warrants, expected volatility, maximum	171.12%
Fair value of warrants, risk free interest, minimum	1.57%
Fair value of warrants, risk free interest, maximum	1.64%
Fair value of warrants, expected life	5 years
Fair value of warrants, dividends	0.00%
Stock Warrant One [Member]
Issuance of convertible notes	$ 150,000
Issued warrants to note holder to purchase of common stock shares	$ 30,000
Warrant exercise price	$ 1
Debt term	5 years
Fair value of the warrants	$ 34,650
Fair value of warrants, expected volatility, minimum	226.00%
Fair value of warrants, expected volatility, maximum	238.00%
Fair value of warrants, risk free interest, minimum	1.28%
Fair value of warrants, risk free interest, maximum	1.65%
Fair value of warrants, expected life	5 years
Fair value of warrants, dividends	0.00%

Stock Warrant - Summmary of War

Stock Warrant - Summmary of Warrants Outstanding and Exercisable (Details) - Stock Warrant [Member]	12 Months Ended
	Dec. 31, 2015$ / sharesshares
Number of Warrants, Beginning Balance | shares	80,000
Number of Warrants, Granted | shares	30,000
Number of Warrants, Exercised | shares
Number of Warrants, Forfeited/expired | shares
Number of Warrants, Ending Balance | shares	110,000
Number of Warrants, Exercisable | shares	110,000
Weighted Average Exercise Price, Beginning Balance | $ / shares	$ 1
Weighted Average Exercise Price, Granted | $ / shares	$ 1
Weighted Average Exercise Price, Exercised | $ / shares
Weighted Average Exercise Price, Forfeited/expired | $ / shares
Weighted Average Exercise Price, Ending Balance | $ / shares	$ 1
Weighted Average Exercise Price, Exercisable | $ / shares	$ 1
Weighted Average Remaining Contractual Term, Beginning Balance	4 years 10 months 17 days
Weighted Average Remaining Contractual Term, Granted	4 years 5 months 16 days
Weighted Average Remaining Contractual Term, Ending Balance	4 years 2 months 23 days
Weighted Average Remaining Contractual Term, Exercisable	4 years 2 months 23 days

Stock Compensation (Details Nar

Stock Compensation (Details Narrative) - USD ($)	Dec. 18, 2014	Dec. 31, 2015
Common stock issued during period under consulting agreements		$ 2,776,200
Consulting Agreement [Member]
Stock issued during period under consulting agreements, shares		631,002
Common stock issued during period under consulting agreements		$ 640,700
Shares issued amount		$ 10,500
Mr. David R. Wells [Member]
Issuance of restricted common stock, shares	450,000
Additional issuance of restricted common stock shares basis in arrears		100,000
Initial employment expiration date		Dec. 31, 2016
Fair value of recognized under the award		$ 2,125,000
Shares issued during period under this agreement		550,000

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Related Party Transactions [Abstract]
Contracted services	$ 82,691	$ 76,791

Stockholders' Equity (Deficit)

Stockholders' Equity (Deficit) (Details Narrative) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, shares authorized	75,000,000	75,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	46,735,500	45,554,498
Common stock, shares outstanding	46,735,500	45,554,498
Stock issued during period under consulting agreements, shares	1,181,002
Consulting Agreement [Member]
Stock issued during period under consulting agreements, shares	631,002
CFO [Member]
Shares Issued during period under agreement	550,000

Income Tax - Schedule of Income

Income Tax - Schedule of Income Tax Expense (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Current
Deferred
Total

Income Tax - Components of Loss

Income Tax - Components of Loss Before Income Tax (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Loss before income tax	$ (3,743,376)	$ (1,166,154)
Income tax

Income Tax - Schedule of Inco40

Income Tax - Schedule of Income Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
US statutory rates	34.00%	34.00%
Loss from operations	(34.00%)	(34.00%)
Tax expense at actual rate

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative)	12 Months Ended
	Dec. 31, 2015USD ($)shares
Settlement reserved | $	$ 20,000
Former Employee [Member]
Number of common stock shares issued for damages claiming | shares	327,532

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Subsequent Event [Member] - Mark W. Lee [Member] - Consulting Agreement [Member]	Jan. 11, 2016USD ($)
Agreement intial expiration date	Dec. 31, 2017
Compensation per month	$ 2,500