Document and Entity Information
Document and Entity Information - USD ($) | 9 Months Ended | |
Sep. 30, 2018 | Jun. 30, 2018 | |
Document and Entity Information: | ||
Entity Registrant Name | Bnet Media Group, Inc. | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2018 | |
Trading Symbol | bnet | |
Amendment Flag | false | |
Entity Central Index Key | 1,501,268 | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 35,010,000 | |
Entity Public Float | $ 35,010,000 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | No | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 |
Condensed Balance Sheets
Condensed Balance Sheets - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
CURRENT ASSETS | ||
Cash | $ 5 | $ 29 |
Total Current Assets | 5 | 29 |
TOTAL ASSETS | 5 | 29 |
CURRENT LIABILITIES | ||
Accounts payable | 87,466 | 87,211 |
Accounts payable - related parties | 196,805 | 159,964 |
Total Current Liabilities | 284,271 | 247,175 |
TOTAL LIABILITIES | 284,271 | 247,175 |
STOCKHOLDERS' EQUITY (DEFICIT) | ||
Preferred stock Series A: $0.001 par value, 20,000,000 shares authorized, 20,000,000 shares issued and outstanding | 20,000 | 20,000 |
Common stock: $0.001 par value, 800,000,000 shares authorized,35,015,000 shares issued and outstanding | 35,015 | 35,015 |
Additional paid-in capital | 249,474 | 249,474 |
Accumulated Deficit | (616,777) | (579,657) |
Total Stockholders' Deficit | (284,266) | (247,146) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 5 | $ 29 |
Condensed Statements of Operati
Condensed Statements of Operations - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
OPERATING EXPENSES | ||||
Professional fees | $ 5,582 | $ 7,091 | $ 34,554 | $ 34,559 |
General and administrative | 22 | 30 | 2,566 | 140 |
Total Operating Expenses | 5,604 | 7,121 | 37,120 | 34,699 |
LOSS FROM OPERATIONS | (5,604) | (7,121) | (37,120) | (34,699) |
NET INCOME (LOSS) | $ (5,604) | $ (7,121) | $ (37,120) | $ (34,699) |
BASIC AND DILUTED LOSS PER COMMON SHARE | $ 0 | $ 0 | $ 0 | $ 0 |
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING | 35,015,000 | 35,015,000 | 35,015,000 | 35,015,000 |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows - USD ($) | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Profit loss | $ (37,120) | $ (34,699) |
Adjustments to reconcile net loss to net cash (used in) operating activities: | ||
Expenses paid for by company officer | 36,816 | 31,349 |
Changes in operating assets and liabilities: | ||
Accounts payable | 255 | 3,175 |
Net Cash (Used in) Operating Activities | (49) | (85) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Proceeds from related party payable | 25 | 96 |
Net cash provided by financing activities | 25 | 96 |
NET INCREASE (DECREASE) IN CASH | (24) | 11 |
CASH AT BEGINNING OF PERIOD | 29 | |
CASH AT END OF PERIOD | $ 5 | $ 11 |
Note 1 - Condensed Financial St
Note 1 - Condensed Financial Statements | 9 Months Ended |
Sep. 30, 2018 | |
Notes | |
Note 1 - Condensed Financial Statements | NOTE 1 - CONDENSED FINANCIAL STATEMENTS The accompanying condensed financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at September 30, 2018, and for all periods presented herein, have been made. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's December 31, 2017 audited financial statements. The results of operations for the periods ended September 30, 2018 and 2017 are not necessarily indicative of the operating results for the full years. |
Note 2 - Going Concern
Note 2 - Going Concern | 9 Months Ended |
Sep. 30, 2018 | |
Notes | |
Note 2 - Going Concern | NOTE 2 - GOING CONCERN The Company's condensed financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern for a period of one year from the issuance of these financial statements. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. |
Note 3 - Significant Accounting
Note 3 - Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2018 | |
Notes | |
Note 3 - Significant Accounting Policies | NOTE 3 SIGNIFICANT ACCOUNTING POLICIES 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 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. Loss per Common Share Basic earnings (loss) per share is computed by dividing net income (loss) applicable to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share include the dilutive effect, if any, from the potential exercise of stock options using the treasury stock method. At September 30, 2018 and September 30, 2017, the Company had no dilutive common equivalent shares. For the nine months ended September 30, 2018, and for the period ended September 30, 2017, convertible preferred stock in the amount of 28,021,796, were excluded from loss per share because their effect would be anti-dilutive. Recent Accounting Pronouncements The Company has evaluated recent accounting pronouncements and their adoption has not had or is not expected to have a material impact on the Companys financial position, or statements. |
Note 4 - Related Party
Note 4 - Related Party | 9 Months Ended |
Sep. 30, 2018 | |
Notes | |
Note 4 - Related Party | NOTE 4 - RELATED PARTY As of September 30, 2018, the Company is indebted to Company Officers and entities controlled by Officers for services, periodic advances to the Company and expenses paid for on the Companys behalf. Of the amount owing of $196,805 at September 30, 2018, an Officer of the Company advanced $25 to the Company and paid net expenses of $36,816 behalf of the Company during the nine months ended September 30, 2018. |