Jade Global (JADG) 10-K 29 Jun 16 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Mar. 31, 2016	Jun. 23, 2016	Sep. 30, 2015
Document And Entity Information
Entity Registrant Name	Media Analytics Corporation
Entity Central Index Key	1,518,171
Document Type	10-K
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 208,800
Entity Common Stock, Shares Outstanding		10,000,629
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,016

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Mar. 31, 2016	Mar. 31, 2015
CURRENT ASSETS
Cash and cash equivalents	$ 3,211	$ 2,945
TOTAL ASSETS	3,211	2,945
CURRENT LIABILITIES
Accounts payable and accrued expenses	6,018	130,921
Due to related parties	123,001	67,854
Total current liabilities	$ 129,019	198,775
Long-term debt - related party		300,000
TOTAL LIABILITIES	$ 129,019	$ 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 16,666,667 shares authorized 10,000,629 shares issued and outstanding At March 31, 2016 and March 31, 2015	$ 1,000	$ 1,000
Additional paid-in capital	444,814	21,609
Retained deficit	(571,622)	(518,439)
TOTAL STOCKHOLDERS' DEFICIT	(125,808)	(495,830)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 3,211	$ 2,945

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2016	Mar. 31, 2015
STOCKHOLDERS' DEFICIT
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, shares authorized	16,666,667	16,666,667
Common stock, shares issued	10,000,629	10,000,629
Common stock, shares outstanding	10,000,629	10,000,629

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statements Of Operations
Revenue
Operating expenses
Filing fees	$ 6,618	$ 5,420
General and administrative		14,562
Investor relations		3,144
License fees	$ 30,000	60,000
Transfer agent fees	2,150	2,700
Professional fees	$ 14,415	27,244
Impairment of intangible asset		300,000
Total Operating Expenses	$ 53,183	413,070
Net loss	$ (53,183)	$ (413,070)
Basic and diluted loss per share	$ (0.01)	$ (0.04)
Weighted average number of shares outstanding - basic and diluted	10,000,629	10,000,629

STATEMENT STOCKHOLDER'S EQUITY

STATEMENT STOCKHOLDER'S EQUITY - USD ($)	Common Stock	Additional Paid-In Capital	Deficit	Total
Beginning Balance, Amount at Mar. 31, 2014	$ 1,000	$ 21,609	$ (105,369)	$ (82,760)
Beginning Balance, Shares at Mar. 31, 2014	10,000,629
Net loss			(413,070)	(413,070)
Ending Balance, Amount at Mar. 31, 2015	$ 1,000	21,609	$ (518,439)	(495,830)
Ending Balance, Shares at Mar. 31, 2015	10,000,629
Debt settlement		423,205		423,205
Net loss			$ (53,183)	(53,183)
Ending Balance, Amount at Mar. 31, 2016	$ 1,000	$ 444,814	$ (571,622)	$ (125,808)
Ending Balance, Shares at Mar. 31, 2016	10,000,629

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (53,183)	$ (413,070)
Adjustments to reconcile net (loss) to net cash provided (used) by operating activities
Impairment of intangible assets		300,000
Changes in Operating Assets and Liabilities
Decrease (Increase) in accounts payable and accrued liabilities	$ (1,698)	73,372
Increase in due to related party	55,147	42,643
Net cash provided by (used in) operating activities	266	2,945
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	266	$ 2,945
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	2,945
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 3,211	$ 2,945
Cash paid for:
Interest expense
Income taxes
Non-cash investing activities
Forgiveness of long-term debt related party	$ 300,000
Forgiveness of related party accrued expenses	$ 123,205

GENERAL ORGANIZATION AND BUSINE

GENERAL ORGANIZATION AND BUSINESS	12 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
1. GENERAL ORGANIZATION AND BUSINESS	Media Analytics Corporation (formerly FanSport, Inc.) (the "Company") is a company that was incorporated on March 16, 2011, and intended to develop and provide a social gaming mobile applications 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 POLICIES	12 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Accounting Basis These financial statements are prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America. The Company's fiscal year end is March 31. 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 years ended March 31, 2016 and 2015, respectively. 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. 2016-13 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	12 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
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 in the amount of $193,841 and income tax expense have been fully offset by a valuation allowance of the same amount at March 31, 2016, 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 March 31, 2016. The Company recognizes interest accrued and penalties related to unrecognized tax benefits in tax expense. During the year ended March 31, 2016, the Company recognized no interest and penalties. The Company has filed all income tax returns since inception. Tax periods since 2012 remain open to examination by the taxing jurisdiction to which the Company is subject. At March 31, 2016, the Company had net loss carry forwards of $570,122 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	12 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
4. DUE TO RELATED PARTY	Amounts due to related parties at March 31, 2016, are non-interest bearing, unsecured and with no fixed terms of repayment.

STOCKHOLDERS' DEFICIT

STOCKHOLDERS' DEFICIT	12 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
5. STOCKHOLDERS' DEFICIT	Preferred Stock There are 10,000,000 Preferred Shares at $0.0001 par value authorized with none issued and outstanding at March 31, 2016 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 affected 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 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. On February 26, 2016, the Board of Directors of the Company approved Articles of Amendment to our Articles of Incorporation which affected a reverse stock split of our issued and outstanding common stock on a thirty (30) old for one (1) new basis. No cash was 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. The split is reflected retrospectively in the accompanying financial statements. There are 16,666,667 common shares at $0.0001 par value authorized with 10,000,629 shares issued and outstanding at March 31, 2016 and March 31, 2015.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
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. Effective August 19, 2015, the CEO of the company resigned and a new director was appointed for the position. During the year ended March 31, 2016, the former CEO assigned $67,854 of his debt to the current CEO. As of March 31, 2016, loan payable to the CEO of the Company was $123,001 ($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	12 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
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 March 31, 2016 the Company has had a net loss of $570,122. In view of these matters, recoverability of any asset amounts shown in the accompanying 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	12 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
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 March 31, 2016 was below the FDIC insurance threshold.

COMMITMENT

COMMITMENT	12 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
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 March 31, 2016, no payments were made towards the agreement. The Company suspended the business venture relating to the SMB licensing agreement. 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.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
10. SUBSEQUENT EVENTS	Management has evaluated subsequent events through the date these financial statements were available to be issued. Based on our evaluation no events have occurred that require disclosure.

SUMMARY OF SIGNIFICANT ACCOUN17

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Mar. 31, 2016
Summary Of Significant Accounting Policies Policies
Accounting Basis	These financial statements are prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America. The Company's fiscal year end is March 31.
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 years ended March 31, 2016 and 2015, respectively.
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. 2016-13 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 ACCOUN18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Summary Of Significant Accounting Policies Details Narrative
Advertising expense	$ 0	$ 0

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	12 Months Ended
	Mar. 31, 2016USD ($)
Income Taxes Details Narrative
Net deferred tax asset	$ 193,841
Income tax expense	0
Net loss carry forwards	$ 570,122
Expiry year	2,035

STOCKHOLDERS' DEFICIT (Details

STOCKHOLDERS' DEFICIT (Details Narrative) - $ / shares	Mar. 31, 2016	Mar. 31, 2015
Stockholders Deficit Details Narrative
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, shares authorized	16,666,667	16,666,667
Common stock, shares issued	10,000,629	10,000,629
Common stock, shares outstanding	10,000,629	10,000,629

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Related Party Transactions Details Narrative
Loan payable	$ 123,001	$ 67,854
Proceeds from related party debt	$ 67,854

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	12 Months Ended		60 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016
Going Concern Details Narrative
Net loss	$ (53,183)	$ (413,070)	$ 570,122