Jade Global (JADG) 10-Q 9 Feb 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Jun. 30, 2015	Jan. 27, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Media Analytics Corporation
Entity Central Index Key	1,518,171
Trading Symbol	meda
Current Fiscal Year End Date	--03-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		300,000,000
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS - USD ($)	Jun. 30, 2015	Mar. 31, 2015
CURRENT ASSETS
Cash and cash equivalents	$ 2,945	$ 2,945
TOTAL ASSETS	2,945	2,945
CURRENT LIABILITIES
Accounts payable and accrued expenses	149,648	130,921
Due to related party	67,854	67,854
Total current liabilities	217,502	198,775
Long-term debt - related party	300,000	300,000
TOTAL LIABILITIES	$ 517,502	$ 498,775
STOCKHOLDERS' DEFICIT
Preferred stock, $0.0001 par value 10,000,000 shares authorized None issued or outstanding
Common stock, $0.0001 par value 500,000,000 shares authorized 300,000,000 shares issued and outstanding At June 30, 2015 and March 31, 2015	$ 30,000	$ 30,000
Additional paid-in capital	(7,391)	(7,391)
Retained deficit	(537,166)	(518,439)
TOTAL STOCKHOLDERS' DEFICIT	(514,557)	(495,830)
TOTAL LIABILITIES AND STOCKHOLDERS? DEFICIT	$ 2,945	$ 2,945

CONDENSED BALANCE SHEETS (Paren

CONDENSED BALANCE SHEETS (Parentheticals) - $ / shares	Jun. 30, 2015	Mar. 31, 2015
Statement of Financial Position [Abstract]
Preferred stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common Stock Par Value (in Dollars per share)	$ 0.0001	$ 0.0001
Common Stock Authorized	500,000,000	500,000,000
Common Stock Issued	300,000,000	300,000,000
Common Stock Outstanding	300,000,000	300,000,000

CONDENSED STATEMENTS OF OPERATI

CONDENSED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Revenue
Operating expenses
General and administrative		$ 10
Investor relations		394
License fees	$ 15,000	14,959
Transfer agent fees		600
Professional fees	3,727	3,348
Total Operating Expenses	18,727	19,311
Net loss	$ (18,727)	$ (19,311)
Basic and diluted loss per share (in dollars per share)	$ 0	$ 0
Weighted average number of shares outstanding - basic and diluted (in shares)	300,000,000	300,000,000

CONDENSED STATEMENTS OF CASH FL

CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (18,727)	$ (19,311)
Changes in Operating Assets and Liabilities
Change in accounts payable and accrued expenses	$ 18,727	$ 19,311
Net cash used in operating activities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	$ 2,945
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 2,945
Cash paid for:
Interest expense
Income taxes

GENERAL ORGANIZATION AND BUSINE

GENERAL ORGANIZATION AND BUSINESS	3 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GENERAL ORGANIZATION AND BUSINESS	NOTE 1. GENERAL ORGANIZATION AND BUSINESS Media Analytics Corporation (formerly FanSport, Inc.) (the “Company”) is a company that was incorporated on March 16, 2011, and intends to develop and provide a social gaming mobile application for fantasy sports enthusiasts. Effective September 3, 2013, the Company changed its name from FanSport, Inc. to Media Analytics Corporation. The Company is focused on developing or acquiring software that helps companies track their social data. Currently the Company is the West Coast Distributor of Klarity ( http://www.klarityanalytics.com

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING PRACTICES	3 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Basis These condensed interim financial statements are prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America. They do not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there have been no material changes in the information disclosed in the notes to the financial statements for the year ended March 31, 2015 included in the Company’s Form 10-K filed with the Securities and Exchange Commission. The condensed interim financial statements should be read in conjunction with those financial statements included in the Form 10 K. In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the three months ended June 30, 2015 are not necessarily indicative of the results that may be expected for the year ending March 31, 2016. Cash and Cash Equivalents Cash and cash equivalents are reported in the balance sheet at cost, which approximates fair value. For the purpose of the financial statements cash equivalents include all highly liquid investments with an original maturity of three months or less when purchased. Earnings (Loss) per Share The Company adopted FASB ASC 260, Earnings per Share Dividends The Company has not adopted any policy regarding payment of dividends. On October 3, 2014, the Company’s board of directors approved a forward stock split by way of a stock dividend of two (2) authorized but unissued shares of its common stock on each one (1) issued and outstanding share of its common stock held by shareholders of record as of November 10, 2014. The payment date for the stock dividend was November 10, 2014, as determined by the Financial Industry Regulatory Authority (FINRA). Upon the payment of the stock dividend, the Company had 300,000,000 issued and outstanding shares of common stock, which represents an increase of 200,000,000 shares over its prior total of 100,000,000 issued and outstanding shares of common stock. The split is reflected retrospectively in the accompanying financial statements. Income Taxes The Company adopted FASB ASC 740, Income Taxes Fair Value of Financial Investments The fair value of cash and cash equivalents, accounts payable, accrued liabilities, and notes payable approximates the carrying amount of these financial instruments due to their short term maturity. Advertising The Company will expense advertising as incurred. Advertising expense was $0 for the period ended June 30, 2015 and 2014. 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 and disclosure 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. Revenue and Cost Recognition The Company has no current source of revenue; therefore the Company has not yet adopted any policy regarding the recognition of revenue or cost. Related Parties Related parties, which can be a corporation, individual, investor or another entity are considered to be related if the party has the ability, directly or indirectly, to control the other party or exercise significant influence over the Company in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence. The Company has these relationships. Intangible Assets The Company reviews identifiable intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Property The Company does not own any real estate or other property. The Company’s office is located at 800 West El Camino Real, Mountain View, CA, 94040. Recent Authoritative Accounting Pronouncements The Company has reviewed the Accounting Standards Updates through ASU No. 2016-01 and these updates have no current applicability to the Company or their effect on the financial statements would not have been significant.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
NCOME TAXES	NOTE 3. INCOME TAXES The Company provides for income taxes under ASC Topic 740 which requires the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax bases of assets and liabilities and the tax rates in effect currently. ASC Topic 740 requires the reduction of deferred tax assets by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. In the Company’s opinion, it is uncertain whether they will generate sufficient taxable income in the future to fully utilize the net deferred tax asset. Therefore, the net deferred tax asset amount of $182,636 and income tax expense have been fully offset by a valuation allowance at June 30, 2015, leaving a balance of $0. The Company reviews tax positions taken to determine if it is more likely than not that the position would be sustained upon examination resulting in an uncertain tax position. The Company did not have any material unrecognized tax benefit at June 30, 2015. The Company recognizes interest accrued and penalties related to unrecognized tax benefits in tax expense. During the three months ended June 30, 2015, the Company recognized no interest and penalties. The Company has filed all income tax returns since inception. All tax periods since inception remain open to examination by the taxing jurisdiction to which the Company is subject. At June 30, 2015, the Company had net loss carry forwards of $537,166 which expire through its tax year ending 2035. Utilization of the net operating loss carry forwards may be limited in accordance with IRC Section 382 in the event of certain shifts in ownership.

DUE TO RELATED PARTY

DUE TO RELATED PARTY	3 Months Ended
	Jun. 30, 2015
Due to Related Parties [Abstract]
DUE TO RELATED PARTY	NOTE 4. DUE TO RELATED PARTY Amount due to related party at June 30, 2015, is non-interest bearing, unsecured and with no fixed terms of repayment.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Jun. 30, 2015
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' DEFICIT	NOTE 5. STOCKHOLDERS’ DEFICIT Preferred Stock There are 10,000,000 Preferred Shares at $0.0001 par value authorized with none issued and outstanding at June 30, 2015 and March 31, 2015. Common Stock On January 31, 2013, the Board of Directors of the Company approved Articles of Amendment to our Articles of Incorporation which effected a 20 for one forward stock split of our issued and outstanding common stock. The forward stock split was distributed to all shareholders of record on February 25, 2013. No cash was be paid or distributed as a result of the forward stock split and no fractional shares were issued. All fractional shares, which would otherwise be required to be issued as a result of the stock split, were rounded up to the nearest whole share. There was no change in the par value of our common stock. On June 28, 2013, the sole officer and director cancelled 309,300,000 common shares. On December 31, 2013, 2,700,000 common shares originally issued as collateral for a transaction were cancelled. On October 3, 2014, the Company’s board of directors approved a forward stock split by way of a stock dividend of two (2) authorized but unissued shares of its common stock on each one (1) issued and outstanding share of its common stock held by shareholders of record as of November 10, 2014. The payment date for the stock dividend was November 10, 2014, as determined by the Financial Industry Regulatory Authority (FINRA). Upon the payment of the stock dividend, the Company had 300,000,000 issued and outstanding shares of common stock, which represents an increase of 200,000,000 shares over its prior total of 100,000,000 issued and outstanding shares of common stock. The split is reflected retrospectively in the accompanying financial statements. There are 500,000,000 common shares at $0.0001 par value authorized with 300,000,000 shares issued and outstanding at June 30, 2015 and March 31, 2015.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 6. RELATED PARTY TRANSACTIONS An officer and director of the Company is involved in business activities outside of the Company and may, in the future, become involved in other business opportunities that become available. They may face a conflict in selecting between the Company and other business interests. The Company has not formulated a policy for the resolution of such conflicts. As of June 30, 2015, loan payable to the CEO of the Company was $67,854 ($67,854 – March 31, 2015). The purpose of the loan was to pay for current administrative expense. The loan is due on demand and bears no interest.

GOING CONCERN

GOING CONCERN	3 Months Ended
	Jun. 30, 2015
Going Concern [Abstract]
GOING CONCERN	NOTE 7. GOING CONCERN The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. For the period March 16, 2011 (date of inception) through June 30, 2015 the Company has had a net loss of $537,166. In view of these matters, recoverability of any asset amounts shown in the accompanying condensed interim financial statements is dependent upon the Company’s ability to begin operations and to achieve a level of profitability. Since inception, the Company has financed its activities from the sale of equity securities. The Company intends on financing its future development activities and its working capital needs largely from loans and the sale of public equity securities with some additional funding from other traditional financing sources, including term notes, until such time that funds provided by operations, if ever, are sufficient to fund working capital requirements.

CONCENTRATIONS OF RISKS

CONCENTRATIONS OF RISKS	3 Months Ended
	Jun. 30, 2015
Risks and Uncertainties [Abstract]
CONCENTRATIONS OF RISKS	NOTE 8. CONCENTRATIONS OF RISKS Cash Balances The Company maintains its cash in institutions insured by the Federal Deposit Insurance Corporation (FDIC). All other deposit accounts at FDIC-insured institutions were insured up to at least $250,000 per depositor until December 31, 2009. On April 1, 2010, FDIC deposit insurance for all deposit accounts, except for certain retirement accounts, returned to $250,000 per depositor. Insurance coverage for certain retirement accounts, which include all IRA deposit accounts, will remain at $250,000 per depositor. Our cash balance at June 30, 2015 was below the FDIC insurance threshold.

COMMITMENT

COMMITMENT	3 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENT	NOTE 9. COMMITMENT On September 11, 2013, the Company entered into a licensing agreement with Social Media Broadcasts (SMB) Limited wherein the Company will have the right to the sales and marketing of the Klarity Analytic Dashboard in Canada, the United States and the United Kingdom (including the Republic of Ireland) for an initial period of two years and for successive periods of one year each upon mutual agreement. Pursuant to the terms of the licensing agreement the Company shall pay to Social Media Broadcasts the following license fees: (a) an initial nonrefundable fixed fee of US$300,000 payable in installments over 3 years; (b) an annual technical support fee of US$60,000; and (c) a 20% royalty payment on all sales of Klarity. The Company’s social media tools and solutions will enable advertisers, publishers and agencies in the U.S. and U.K. markets to gather deep social intelligence, generate true engagement and simplify promotional management. The Company’s current offering as a result of the license agreement, Klarity, is a comprehensive and robust social analytics dashboard available. Klarity provides detailed comparative metrics from the widest range of social platforms, and provides the added uniqueness for Western marketers to gain insights into the social behavior of Asian consumers. The Company’s former CEO is also the CEO of Social Media Broadcasts (SMB) Limited. As of June 30, 2015, no payments were made towards the agreement. The Company suspended the business venture relating to the SMB licensing agreement.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 10. SUBSEQUENT EVENTS Effective August 19, 2015, Hiu Chung (Stephen) Wong resigned as President, Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer and as a Director of the company. Concurrently with the resignation of Mr. Wong, Michael J. Johnson was appointment as the Company’s President, Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer and as the sole director of our board of directors. The Company has been unable to make any of the SMB licensing agreement payments as required under the agreement. As a result, effective October 28, 2015 the Company and SMB have consented to a cancellation and termination of the licensing agreement.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	3 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Accounting Basis	Accounting Basis These condensed interim financial statements are prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America. They do not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there have been no material changes in the information disclosed in the notes to the financial statements for the year ended March 31, 2015 included in the Company’s Form 10-K filed with the Securities and Exchange Commission. The condensed interim financial statements should be read in conjunction with those financial statements included in the Form 10 K. In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the three months ended June 30, 2015 are not necessarily indicative of the results that may be expected for the year ending March 31, 2016.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents are reported in the balance sheet at cost, which approximates fair value. For the purpose of the financial statements cash equivalents include all highly liquid investments with an original maturity of three months or less when purchased.
Earnings (Loss) per Share	Earnings (Loss) per Share The Company adopted FASB ASC 260, Earnings per Share
Dividends	Dividends The Company has not adopted any policy regarding payment of dividends. On October 3, 2014, the Company’s board of directors approved a forward stock split by way of a stock dividend of two (2) authorized but unissued shares of its common stock on each one (1) issued and outstanding share of its common stock held by shareholders of record as of November 10, 2014. The payment date for the stock dividend was November 10, 2014, as determined by the Financial Industry Regulatory Authority (FINRA). Upon the payment of the stock dividend, the Company had 300,000,000 issued and outstanding shares of common stock, which represents an increase of 200,000,000 shares over its prior total of 100,000,000 issued and outstanding shares of common stock. The split is reflected retrospectively in the accompanying financial statements.
Income Taxes	Income Taxes The Company adopted FASB ASC 740, Income Taxes
Fair Value of Financial Investments	Fair Value of Financial Investments The fair value of cash and cash equivalents, accounts payable, accrued liabilities, and notes payable approximates the carrying amount of these financial instruments due to their short term maturity.
Advertising	Advertising The Company will expense advertising as incurred. Advertising expense was $0 for the period ended June 30, 2015 and 2014.
Use of Estimates	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 and disclosure 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.
Revenue and Cost Recognition	Revenue and Cost Recognition The Company has no current source of revenue; therefore the Company has not yet adopted any policy regarding the recognition of revenue or cost.
Related Parties	Related Parties Related parties, which can be a corporation, individual, investor or another entity are considered to be related if the party has the ability, directly or indirectly, to control the other party or exercise significant influence over the Company in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence. The Company has these relationships.
Intangible Assets	Intangible Assets The Company reviews identifiable intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.
Property	Property The Company does not own any real estate or other property. The Company’s office is located at 800 West El Camino Real, Mountain View, CA, 94040.
Recent Authoritative Accounting Pronouncements	Recent Authoritative Accounting Pronouncements The Company has reviewed the Accounting Standards Updates through ASU No. 2016-01 and these updates have no current applicability to the Company or their effect on the financial statements would not have been significant.

SUMMARY OF SIGNIFICANT ACCOUN17

SUMMARY OF SIGNIFICANT ACCOUNTING PRACTICES (Details)	Nov. 10, 2014shares	Jan. 31, 2013	Jun. 30, 2015USD ($)shares	Jun. 30, 2014USD ($)	Mar. 31, 2015shares	Oct. 03, 2014shares
Accounting Policies [Abstract]
Forward stock split	2	20
Common Stock Issued	300,000,000		300,000,000		300,000,000	100,000,000
Common Stock Outstanding	300,000,000		300,000,000		300,000,000	100,000,000
Increase in shars after stock split	200,000,000
Advertising expense | $			$ 0	$ 0

INCOME TAXES (Details)

INCOME TAXES (Details)	3 Months Ended
	Jun. 30, 2015USD ($)
Income Tax Disclosure [Abstract]
Net deferred tax asset	$ 182,636
Income tax expense	0
Net loss carry forwards	$ 537,166

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details)	Nov. 10, 2014shares	Dec. 31, 2013shares	Jan. 31, 2013	Jan. 28, 2013shares	Jun. 30, 2015$ / sharesshares	Mar. 31, 2015$ / sharesshares	Oct. 03, 2014shares
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Number of common shares cancelled		2,700,000
Preferred stock, shares authorized					10,000,000	10,000,000
Preferred stock, par value (in Dollars per share) | $ / shares					$ 0.0001	$ 0.0001
Common Stock Issued	300,000,000				300,000,000	300,000,000	100,000,000
Common Stock Outstanding	300,000,000				300,000,000	300,000,000	100,000,000
Common Stock Authorized					500,000,000	500,000,000
Increase in shars after stock split	200,000,000
Common Stock Par Value (in Dollars per share) | $ / shares					$ 0.0001	$ 0.0001
Forward stock split	2		20
Sole officer and director
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Number of common shares cancelled				309,300,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)	Jun. 30, 2015	Mar. 31, 2015
Related Party Transactions [Abstract]
Due to related parties	$ 67,854	$ 67,854

GOING CONCERN (Details)

GOING CONCERN (Details) - USD ($)	Jun. 30, 2015	Mar. 31, 2015
Going Concern [Abstract]
Retained deficit	$ (537,166)	$ (518,439)

CONCENTRATIONS OF RISKS (Detail

CONCENTRATIONS OF RISKS (Details) - USD ($)	Jun. 30, 2015	Apr. 01, 2010	Dec. 31, 2009
Table Text Block [Abstract]
Cash, FDIC insured amount	$ 250,000	$ 250,000	$ 250,000

COMMITMENT (Details)

COMMITMENT (Details)	Sep. 11, 2013USD ($)
Commitments and Contingencies Disclosure [Abstract]
Initial nonrefundable fixed fee	$ 300,000
Annual technical support fee	$ 60,000
Percentage of royalty payment	20.00%
Initial period of licensing agreement	2 years
Successive periods of licensing agreement	1 year
Period for payment of installments	3 years