THC Farmaceuticals (CBDG) 10-Q 17 Feb 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	3 Months Ended
	Dec. 31, 2014	Feb. 04, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	City Media, Inc.
Document Type	10-Q
Current Fiscal Year End Date	-21
Entity Common Stock, Shares Outstanding		11,971,600
Entity Public Float		$623,000
Amendment Flag	FALSE
Entity Central Index Key	1508594
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	31-Dec-14
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Dec. 31, 2014	Sep. 30, 2014
ASSETS
Cash	$3,168	$637
Accounts Receivable	2,647	1,754
Total Current Assets	5,815	2,392
Property plant & equipment net of accumulated depreciation of $9,623 and $9,472, respectively	12,082	12,082
Intangible Assets	33,677	33,677
TOTAL ASSETS	51,574	48,150
LIABILITIES AND STOCKHOLDERS' DEFICIT
Related Party Accounts Payable	0	900
Accounts Payable	12,769	5,084
Current portion of long term debt - Related Party	0	0
Total Current Liabilities	12,769	5,984
Accrued Interest Related Party	0	12,480
Notes Payable to Related Parties	5,000	77,701
Total Long Term Liabilities	5,000	90,181
Total Liabilities	17,769	96,165
Common Stock 90,000,000 shares authorized having a par value of $0.001 per share; 11,971,600 issued and outstanding as of December 31, 2013 and 8,968,000 shares issued and outstanding as of September 30, 2013	8,968	8,968
Additional Paid-in Capital	183,875	83,875
Accumulated Deficit	-159,038	-140,858
Total Stockholders' Deficit	33,805	-48,015
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$51,574	$48,150

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parentheticals) (USD $)	Dec. 31, 2014	Sep. 30, 2014
Property plant & equpment, accumulated depreciation (in Dollars)	$9,623	$9,472
Preferred Stock, shares authorized	10,000,000	10,000,000
Preferred Stock, par value (in Dollars per share)	$0.00	$0.00
Preferred Stock, shares issued	0	0
Preferred Stock, shares outstanding	0	0
Common Stock shares authorized	90,000,000	90,000,000
Common Stock, par value (in Dollars per share)	$0.00	$0.00
Common Stock, shares issued	11,971,600	8,968,000
Common Stock, shares outstanding	11,971,600	8,968,000

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Revenues from transaction fees	$4,406	$5,003
Total Revenues	4,406	5,003
General and Administrative	10,294	13,417
Depreciation	151	151
Service, related party	2,475	4,200
Total Operating Expense	12,920	17,768
Operating Loss	-8,514	-12,765
Interest Expense, finance of ATMs	0	39
Interest Expense, related party	0	1,390
Net Loss	($8,514)	($14,194)
Loss per Common Share - Basic & Diluted (in Dollars per share)	($0.01)	($0.01)
Weighted Average Shares Outstanding - Basic & Diluted (in Shares)	11,971,600	8,968,000

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Net Loss	($8,514)	($14,194)
Depreciation	151	151
(Increase)/Decrease in accounts receivable	-893	165
Increase/(Decrease) in accounts payable	6,786	10,415
Accrued interest on related party loan	-12,480	1,390
Net Cash from Operating Activities	-14,950	-2,073
Principal payments on Notes Payable	0	-909
Proceeds from notes payable to related parties	-72,701	3,000
Net Cash from Investing Activities	-72,701	2,091
Proceeds from Related Party	90,134	0
Net Cash from Financing Activities	90,134	0
Net Increase/(Decrease) in Cash	2,532	18
Beginning Cash Balance	637	579
Ending Cash Balance	3,169	597
Cash paid during the period for interest	0	39
Cash paid during the period for taxes	$0	$200

NOTE_1_CONDENSED_CONSOLIDATED_

NOTE 1 - CONDENSED CONSOLIDATED FINANCIAL STATEMENTS	3 Months Ended
	Dec. 31, 2014
Disclosure Text Block [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE 1 - CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
	The accompanying 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 December 31, 2014, 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 consolidated financial statements be read in conjunction with the financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended September 30, 2014.  The results of operations for the three-month period ended December 31, 2014 are not necessarily indicative of the operating results for the full year.

NOTE_2_SIGNIFICANT_ACCOUNTING_

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of 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.
	Recent Accounting Pronouncements
	The Company has reviewed all recently issued, but not yet adopted, accounting standards in order to determine their effects, if any, on its consolidated results of operation, financial position or cash flows.  Based on that review, the Company believes that none of these pronouncements will have a significant effect on its condensed consolidated financial statements.

NOTE_3_RELATED_PARTY_TRANSACTI

NOTE 3 - RELATED PARTY TRANSACTIONS / SERVICE AGREEMENT	3 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 3 – RELATED PARTY TRANSACTIONS / SERVICE AGREEMENT
	The Company has a Service Agreement with Wasatch ATM ("Wasatch"), a Utah limited liability corporation owned and managed by a Company stockholder.  The agreement provides for Wasatch to provide all maintenance, repair and service work along with distribution of vault cash.  As of December 2014, Wasatch is compensated at a rate of $1,500 per month.  This rate is $100 more per month than was charged by Wasatch during the Quarter ending December 31, 2013, however, it is a $600 increase over the discounted rate paid by the Company prior to the change of control. The fee paid to Wasatch may be subject to change.
	As of December 31, 2014 and September 30, 2014, $1,500 and $900, respectively, was due to Wasatch, which is included in the "Related Party Accounts Payable" line item.

NOTE_4_RELATED_PARTY_TRANSACTI

NOTE 4 - RELATED PARTY TRANSACTIONS / LONG-TERM DEBT	3 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTE 4 - RELATED PARTY TRANSACTIONS / LONG-TERM DEBT
	For the quarter ending September 30, 2014, the Company owed $77,701 in related party long-term debt and $12,480 in related party accrued interest. During the quarter ending December 31, 2014, these amounts were paid in full by the Company as part of the change of control transaction and a new loan of $5,000 was made by a related party. On December 31, 2014, the Company owed $5,000 in related party long-term debt and no related party accrued interest.

NOTE_5_SUBSEQUENT_EVENTS

NOTE 5 - SUBSEQUENT EVENTS	3 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE 5 - SUBSEQUENT EVENTS
	On January 5, 2015, the entered into an agreement with Las Vegas Cannabis Info Center ("LVCIC") whereby the Company acquired a 30% interest in LVCIC in exchange for $25,000 and 25,000 shares of the Company's common stock. The $25,000 cash was paid by on of the Company's shareholders as a related party loan. LVCIC is a resource and learning center conducting classes in dispensary management, law, marketing, advertising, marijuana cultivation, and cooking.
	On January 5, 2015, we entered into an agreement with David Tobias to acquire certain property owned by Mr. Tobias in consideration of 3,000,000 restricted shares of our common stock.  The assets to be acquired are comprised of the domain name "hempcoin.com"; 2,399,074,298.50 hempcoins (HMP); and, all intellectual property associated with hempcoin.com, hempcoin purse, and hempcoin (HMP) as a crypto currency, including all copyrights, trademarks, and patents whether registered or unregistered, statutory or common law (and any rights to claim or register such intellectual property).

NOTE_3_RELATED_PARTY_TRANSACTI1

NOTE 3 - RELATED PARTY TRANSACTIONS / SERVICE AGREEMENT (Details) (USD $)	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013
Related Party Transactions [Abstract]
Due to Related Parties	$1,500
Increase in Periodic Payment, Due to Related Party			100	600
Due to Related Parties, Current	$1,500	$900

NOTE_4_RELATED_PARTY_TRANSACTI1

NOTE 4 - RELATED PARTY TRANSACTIONS / LONG-TERM DEBT (Details) (USD $)	Dec. 31, 2014	Sep. 30, 2014
Debt Disclosure [Abstract]
Notes Payable, Related Parties, Noncurrent	$5,000	$77,701
Interest Payable	0	12,480
Notes Payable, Related Parties	$5,000

NOTE_5_SUBSEQUENT_EVENTS_Detai

NOTE 5 - SUBSEQUENT EVENTS (Details) (USD $)	0 Months Ended
	Jan. 05, 2015	Jan. 05, 2015
Subsequent Events [Abstract]
Equity Method Investment, Ownership Percentage	30.00%	30.00%
Stock Issued During Period, Value, Acquisitions		$25,000
Stock Issued During Period, Shares, Acquisitions	3,000,000	25,000
Increase (Decrease) in Payable to Related Party to Acquire Asset		$25,000
Acquisition of Cyber Currency	$2,399,074,298.50	$2,399,074,298.50