Broadcast Live Digital (BFLD) 10-Q 21 Jan 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Nov. 30, 2013
Document and Entity Information:	'
Entity Registrant Name	'BROADCAST LIVE DIGITAL CORP.
Document Type	'10-Q
Document Period End Date	30-Nov-13
Amendment Flag	'false
Entity Central Index Key	'0001502952
Current Fiscal Year End Date	'--08-31
Entity Common Stock, Shares Outstanding	437,503,920
Entity Filer Category	'Smaller Reporting Company
Entity Current Reporting Status	'Yes
Entity Voluntary Filers	'No
Entity Well-known Seasoned Issuer	'No
Document Fiscal Year Focus	'2014
Document Fiscal Period Focus	'Q1

BALANCE_SHEETS

BALANCE SHEETS (USD $)	Nov. 30, 2013	Aug. 31, 2013
ASSETS	'	'
Total assets	'	'
Current liabilities	'	'
Accrued expenses	113,491	62,679
Advances from stockholder	25,032	22,826
Convertible notes payable	20,500	20,500
Total current liabilities	159,023	106,005
Total liabilities	159,023	106,005
STOCKHOLDERS' DEFICIT	'	'
Preferred stock value	'	'
Common stock value	43,750	43,750
Additional paid-in capital	86,979	86,979
Accumulated deficit	-289,752	-236,734
Total stockholders' deficit	($159,023)	($106,005)

BALANCE_SHEETS_Parenthetical

BALANCE SHEETS (Parenthetical) (USD $)	Nov. 30, 2013	Aug. 31, 2013
Balance Sheet	'	'
Preferred stock, par value	$0.00	$0.00
Preferred stock, shares authorized	10,000,000	10,000,000
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	900,000,000	900,000,000
Common stock, shares issued	437,503,920	437,503,920
Common stock, shares outstanding	437,503,920	437,503,920

STATEMENTS_OF_OPERATIONS_AND_C

STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)	3 Months Ended
	Nov. 30, 2013	Nov. 30, 2012
Income Statement	'	'
Revenues	'	'
Operating expenses:	'	'
Compensation	'	500
Professional fees	52,407	10,245
General and administrative expenses	355	37,747
Total operating expenses	52,762	48,492
LOSS FROM OPERATIONS	-52,762	-48,492
OTHER (INCOME) EXPENSES	'	'
Interest expense	-256	'
Total other (income) expenses	-256	'
Net loss and comprehensive loss	($53,018)	($48,492)
Net loss per common share - basic and diluted	($0.00)	($0.00)
Weighted average common shares outstanding - basic and diluted	437,503,920	348,863,988

STATEMENT_OF_STOCKHOLDERS_EQUI

STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) (USD $)	Common stock	Additional Paid-in Capital	Accumulated Deficit	Total Stockholders' Equity (Deficit)
Beginning Balance, amount at Aug. 31, 2012	$13,875	$28,565	($77,389)	($34,949)
Beginning Balance, shares at Aug. 31, 2012	138,751,200	'	'	'
Contribution to capital	'	41,115	'	41,115
Shares issued for acquisition of mineral claim rights, shares	298,752,720	'	'	'
Shares issued for acquisition of mineral claim rights, value	29,875	-3,201	'	26,674
Beneficial conversion of convertible notes	'	20,500	'	20,500
Net loss for the period	'	'	-159,345	-159,345
Ending Balance, amount at Aug. 31, 2013	43,750	86,979	-236,734	-106,005
Ending Balance, shares at Aug. 31, 2013	437,503,920	'	'	'
Net loss for the period	'	'	-53,018	-53,018
Ending Balance, amount at Nov. 30, 2013	$43,750	$86,979	($289,752)	($159,023)
Ending Balance, shares at Nov. 30, 2013	437,503,920	'	'	'

STATEMENTS_OF_CASH_FLOWS

STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Nov. 30, 2013	Nov. 30, 2012
Cash flows from operating activities	'	'
Net loss	($53,018)	($48,492)
Changes in working capital items:	'	'
Prepaid expenses	'	500
Accrued expense	50,812	-21,229
Net cash used in operating activities	-2,206	-69,221
Cash flows from financing activities	'	'
Advance from shareholders	2,206	27,726
Capital contribution	'	41,115
Net cash provided by financing activities	2,206	68,841
Net change in cash	'	-380
Cash, beginning of year	'	380
Cash, end of year	'	'
Supplemental disclosures of cash flow information:	'	'
Interest paid	'	'
Income tax paid	'	'
Non-cash financing and investing transactions:	'	'
Common shares issued for acquisition of mineral rights	'	$26,674

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Nov. 30, 2013
Notes	'
Basis of Presentation	'
	1.  BASIS OF PRESENTATION
	The accompanying unaudited condensed  financial statements have been prepared in accordance with the instructions to Form 10-Q and therefore do not include all information and footnotes necessary for a fair presentation of financial position, results of operations and cash flows in conformity with U.S. generally accepted accounting principles; however, such information reflects all adjustments (consisting solely of normal recurring adjustments), which are, in the opinion of management, necessary for a fair statement of the results for the interim periods.
	The condensed  financial statements should be read in conjunction with the financial statements and Notes thereto together with management’s discussion and analysis of financial condition and results of operations contained in the Company’s annual report on Form 10-K for the year ended August 31, 2013. In the opinion of management, the accompanying condensed financial statements reflect all adjustments of a normal recurring nature considered necessary to fairly state the financial position of the Company at November 30, 2013 and August 31, 2013, the results of its operations for the three month periods ended November 30, 2013 and November 30, 2012, and its cash flows for the three-month periods ended November 30, 2013 and November 30, 2012. In addition, some of the Company’s statements in this quarterly report on Form 10-Q may be considered forward-looking and involve risks and uncertainties that could significantly impact expected results. The results of operations for the three-month period ended November 30, 2013 are not necessarily indicative of results to be expected for the full year.
	ORGANIZATION AND OPERATIONS
	Broadcast Live Digital Corp., (formerly “Brookfield Resources Inc.”, or the “Company”) was incorporated on April 27, 2010 under the laws of the State of Nevada. The Company planned to provide information for movie lovers and access to related products since inception through September 27, 2012.
	The Company was a development stage company until September 27, 2012. Effective September 27, 2012, the Company exited the development stage activities and is now a shell company with no business activities.
	On September 17, 2012, effective October 2, 2012, the Company filed a Certificate of Amendment of Certificate of Incorporation and effectuated a forward split of all issued and outstanding shares of common stock, at a ratio of five hundred and sixty-for-one (560:1) (the "Stock Split").
	On September 26, 2012, effective November 15, 2012, the Company filed a Certificate of Amendment of Certificate of Incorporation and (i) changed its name to Brookfield Resources Inc. ("Brookfield Resources"); (ii) changed its total number of common shares which the Company is authorized to issue from Two Hundred and Eighty Billion (280,000,000,000) shares, par value $0.0001 per share, to Nine Hundred Million (900,000,000) shares, par value $0.0001 per share.
	On July 3, 2013, effective July 29, 2013, the Company filed a Certificate of Amendment of Certificate of Incorporation and changed its name from Brookfield Resources Inc. to Broadcast Live Digital Corp.
	All references to common shares and per common share amounts have been retroactively adjusted to reflect the five hundred and sixty-for-one (560:1) forward stock split which was effective September 17, 2012, unless otherwise noted.

Going_Concern

Going Concern	3 Months Ended
	Nov. 30, 2013
Notes	'
Going Concern	'
	2.  GOING CONCERN
	The Company's financial statements have been prepared in accordance with United States generally accepted accounting principles (U.S. GAAP) and are presented on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.
	As reflected in the accompanying financial statements, the Company had an accumulated deficit at November 30, 2013, a net loss and net cash used in operating activities for the period then ended, respectively, with no revenues earned during the period. These factors raise substantial doubt about the Company’s ability to continue as a going concern.
	While the Company is attempting to commence operations and generate revenues, the Company’s cash position may not be sufficient enough to support the Company’s daily operations.  Management intends to raise additional funds by way of a private or public offering (refer to subsequent events note 9).  Management believes that the actions presently being taken to further implement its business plan and generate revenues provide the opportunity for the Company to continue as a going concern.  While the Company believes in the viability of its strategy to generate revenues and in its ability to raise additional funds, there can be no assurances to that effect.  The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate revenues.

Mineral_Rights

Mineral Rights	3 Months Ended
	Nov. 30, 2013
Notes	'
Mineral Rights	'
	3.  MINERAL RIGHTS
	On September 27, 2012, the company entered into an Asset Purchase Agreement to purchase various exploration licenses from Matteo Sacco (“Seller”).  The exploration licenses were originally issued to the Seller from the Nova Scotia Department of Natural Resources. In consideration the Company issued 298,752,720 common shares valued at $0.000089 per share or $26,674. After the completion of the transaction the Seller owns approximately 68.3% of the Company’s issued and outstanding common shares.
	On April 20, 2013 the Seller sold 298,752,720 shares in a private sale. On April 23, 2013 the Company transferred its exploration licenses in the amount of $26,674 to a former director in settlement of all claims against the Company.

Advances_From_Stockholder

Advances From Stockholder	3 Months Ended
	Nov. 30, 2013
Notes	'
Advances From Stockholder	'
	4.  ADVANCES FROM STOCKHOLDER
	30-Nov-13
	During the three month period ended November 30, 2013, the Company received additional advances of $2,206 from the former majority shareholder resulting in payable of $25,032 as at November 30, 2013. The amounts are due on demand and non-interest bearing.
	31-Aug-13
	From September 1, 2012 through August 31, 2013, the Company received $48,326 from the majority shareholder.  All advances are due on demand and non-interest bearing. On March 1, 2013, $20,500 from shareholder advances was re-assigned as convertible promissory notes to a third-party individual.

Convertible_Notes_Payable

Convertible Notes Payable	3 Months Ended
	Nov. 30, 2013
Notes	'
Convertible Notes Payable	'
	5.  CONVERTIBLE NOTES PAYABLE
	On December 31, 2012, the Company entered into a convertible promissory note agreement with a company controlled by a shareholder in the amount of $8,000. The note bears interest at 5% per annum, is unsecured and due on demand. At any time, upon the issuance of a written demand, the lender has the option to convert all or any portion of the outstanding principal amount and accrued interest into shares of the Company’s common stock at $0.0011 per share.
	On January 28, 2013, the Company entered into another convertible promissory note agreement with a company controlled by a shareholder in the amount of $12,500. The note bears interest at 5% per annum, is unsecured and due on demand. At any time, upon the issuance of a written demand, the lender has the option to convert all or any portion of the outstanding principal amount and accrued interest into shares of the Company’s common stock at $0.0011 per share.
	The Company evaluated the terms and conditions of the aforementioned convertible notes under the guidance of ASC 815, Derivatives and Hedging. The conversion feature met the definition of conventional convertible for purposes of applying the conventional convertible exemption. The definition of conventional contemplates a limitation on the number of shares issuable under the arrangement. The instrument was convertible into a fixed number of shares and there were no down round protection features contained in the contracts. Since the convertible promissory note achieved the conventional convertible exemption, the Company was required to consider whether the hybrid contract embodied a beneficial conversion feature. The calculation of the effective conversion amount resulted in a beneficial conversion feature of $20,500 on the aforementioned convertible notes because the conversion price of $0.0011 per share was less than the fair value of the Company’s common stock price on the date of issuance.
	For the year ended August 31, 2013, the Company recorded amortization expense of the beneficial conversion of $20,500 representing the value of the embedded beneficial conversion feature on these convertible notes. At inception, the Company recorded a beneficial conversion feature for these convertible notes as a component of stockholders’ deficiency.
	Accrued interest on these convertible promissory notes as at November 30, 2013 was $890 (August 31, 2013 $634).

Capital_Stock

Capital Stock	3 Months Ended
	Nov. 30, 2013
Notes	'
Capital Stock	'
	6.  CAPITAL STOCK
	Issued and Outstanding
	31-Aug-13
	In September of 2012, the Company authorized the cancellation of 315,176,400 shares owned by various shareholders and returned them to treasury and on and on October 5, 2012, the Company had entered into certain agreements with various shareholders to cancel an aggregate of 858,600,400 shares owned by them.
	All references to common shares and per common share amounts have been retroactively adjusted from the date of inception to reflect the five hundred and sixty-for-one (560:1) forward stock split net of cancellations which was effective September 17, 2012, unless otherwise noted.
	On September 27, 2012, the Company issued 298,752,720 common shares for the acquisition of the exploration licenses at $0.000089 per share or $26,674. The price was determined based on the last known private placement memorandum price.
	On September 11, 2012, at the time the change of control occurred, a former chief executive officer of the company was required, in connection to the sale of her majority shares, to convert her advances of $41,115 into a capital contribution. The amount consisted of $26,615 during the year.
	30-Nov-13
	No shares were issued during the three month period.

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Nov. 30, 2013
Notes	'
Related Party Transactions	'
	7.  RELATED PARTY TRANSACTIONS
	Free Office Space
	The Company has been provided office space by its Chief Executive Officer at no cost. The management determined that such cost is nominal and did not recognize the rent expense in its financial statement.

Commitment

Commitment	3 Months Ended
	Nov. 30, 2013
Notes	'
Commitment	'
	8.  COMMITMENT
	On June 7, 2013, the Company signed a letter of intent with Tech 9 Inc. an Ontario, Canada Corporation. The agreement will allow the Company to acquire 100% of the issued and outstanding shares of Tech 9 Inc. by way of a reverse merger.  On December 19, 2013, the Company entered into a Share Exchange Agreement with Tech 9 Inc. (See subsequent events note 9)

Subsequent_Events

Subsequent Events	3 Months Ended
	Nov. 30, 2013
Notes	'
Subsequent Events	'
	9.  SUBSEQUENT EVENTS
	On December 19, 2013, the Company and Tech 9 Inc. an Ontario, Canada Corporation (“TECH”) entered into a Share Exchange Agreement (the “Purchase Agreement”), pursuant to which the Company acquired 100% of the outstanding shares of TECH (the “Acquisition”).
	Pursuant to the Purchase Agreement, the Company acquired 100% of the outstanding stock of TECH by issuing 1,000,000 of Series A Preferred shares to the shareholders of TECH that exchanged their shares for the common shares.  Additionally, as a condition to the  Purchase Agreement, the principal shareholders of the Company transferred 298,752,720 shares of the stock to the shareholders that exchanged their shares for our common shares.
	The closing of the Acquisition occurred on December 19, 2013 (the “Closing Date”).
	This transaction may be deemed to have resulted in a change of control of the Company.  Upon the closing of the Acquisition, Peter DiMurro resigned as the Chief Executive Officer, President, Chief Financial Officer, Secretary and Director; Kamal Sharma resigned as the Treasurer and Director.  Robert J. Oswald was appointed to the Board of Directors and was appointed as the Chief Executive Officer, President, and Director.  Matthew J. O’Brien was appointed as Chief Technology Officer, Director and Secretary.  Louis Isabella was appointed as our Chief Financial Officer.
	The appointment of the new officer and directors of the Registrant and the resignation of Messers. DiMurro and Sharma as officers and directors of the Registrant were effective on the Closing Date.

Mineral_Rights_Details

Mineral Rights (Details) (USD $)	Apr. 23, 2013	Sep. 27, 2012	Apr. 20, 2013
		Asset Purchase Agreement	Common Stock Purchase Agreement
Shares issued for acquisition	'	298,752,720	'
Value of shares issued for acquisition	'	$26,674	'
Percentage of Company stock ownership by Seller after transaction	'	68.30%	'
Change in Control Stock Purchase Agreement (shares)	'	'	298,752,720
Disposal of exploration licenses	$26,674	'	'

Advances_From_Stockholder_Deta

Advances From Stockholder (Details) (USD $)	Mar. 01, 2013	Nov. 30, 2013	Aug. 31, 2013
		Majority Shareholder	Majority Shareholder
Advances received	'	$2,206	$48,326
Total advances payable	'	25,032	'
Advances re-assigned as convertible promissory notes	$20,500	'	'

Convertible_Notes_Payable_Deta

Convertible Notes Payable (Details) (Affiliated Entity, USD $)	0 Months Ended		12 Months Ended
	Jan. 28, 2013	Dec. 31, 2012	Aug. 31, 2013	Nov. 30, 2013
Affiliated Entity	'	'	'	'
Convertible promissory note	$12,500	$8,000	'	'
Option conversion price per common share	$0.00	$0.00	'	'
Beneficial conversion feature	'	'	20,500	'
Amortization expense	'	'	20,500	'
Accrued interest	'	'	$634	$890

Capital_Stock_Details

Capital Stock (Details) (USD $)	1 Months Ended	12 Months Ended
	Sep. 17, 2012	Aug. 31, 2013	Aug. 31, 2013	Oct. 05, 2012	Sep. 30, 2012
		Former CEO	Common stock	Common stock	Common stock
Cancellation of Common Shares	'	'	'	858,600,400	315,176,400
Forward stock split	'five hundred and sixty-for-one (560:1) forward stock split net of cancellations which was effective September 17, 2012	'	'	'	'
Stock issued for acquisitions	'	'	298,752,720	'	'
Value of stock issued for acquisitions	'	'	$26,674	'	'
Amount of advances converted into capital contribution	'	$26,615	'	'	'

Subsequent_Events_Details

Subsequent Events (Details) (Purchase Agreement)	Dec. 19, 2013
Purchase Agreement	'
Series A Preferred shares issued	1,000,000
Common shares issued	298,752,720