ML Capital (MLCG) 10-K 31 Mar 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Mar. 27, 2014	Mar. 26, 2014
Document And Entity Information	'	'	'
Entity Registrant Name	'ML CAPITAL GROUP, INC.	'	'
Entity Central Index Key	'0001527698	'	'
Document Type	'10-K	'	'
Document Period End Date	31-Dec-13	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--12-31	'	'
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 Common Stock, Shares Outstanding	'	79,239,905	'
Entity Public float	'	'	$4,842,488
Document Fiscal Period Focus	'FY	'	'
Document Fiscal Year Focus	'2013	'	'

BALANCE_SHEETS

BALANCE SHEETS (USD $)	Dec. 31, 2013	Dec. 31, 2012
CURRENT ASSETS:	'	'
Cash	'	$44
Deferred debt issuance expense	1,444	'
Total Current Assets	1,444	44
Total Assets	1,444	44
CURRENT LIABILITIES:	'	'
Bank overdraft	93	'
Accounts payable and accrued expense	6,474	9,399
Convertible note payable- net of discount of $19,452	12,548	5,000
Due to related party	6,556	9,842
Derivative liability	56,351	'
Deferred revenue	2,250	'
Total Current Liabilities	84,272	24,241
Commitment and Contingencies	'	'
Common stock ($0.0001 par value; 100,000,000 shares authorized; 72,452,382 and 61,069,404 shares issued and outstanding at December 31, 2013 and 2012, respectively)	7,246	6,107
Additional paid in capital	2,972,691	1,675,968
Deferred stock compensation	-673,593	-147,500
Deficit accumulated during development stage	-2,389,172	-1,558,772
Total Stockholders' Deficit	-82,828	-24,197
Total Liabilities and Stockholders' Deficit	$1,444	$44

BALANCE_SHEETS_Parenthetical

BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012
CURRENT LIABILITIES:	'	'
Convertible note payable- net of discount	$19,452	$19,452
STOCKHOLDERS' DEFICIT	'	'
Common stock par value	$0.00	$0.00
Common stock shares authorized	100,000,000	100,000,000
Common stock shares issued	72,452,382	61,069,404
Common stock shares outstsnding	72,452,382	61,069,404

STATEMENTS_OF_OPERATIONS

STATEMENTS OF OPERATIONS (USD $)	12 Months Ended		51 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
Statements Of Operations	'	'	'
Revenue- related party (2013)	$2,250	$800	$3,050
OPERATING EXPENSES:	'	'	'
Compensation	222,500	1,050,000	1,277,350
Professional fees	501,076	470,070	984,964
Other general and administrative	47,025	12,999	62,634
Total operating expenses	770,601	1,533,069	2,324,948
LOSS FROM OPERATIONS	-768,351	-1,532,269	-2,321,898
OTHER EXPENSE	'	'	'
Derivative liability	-52,085	0	-52,058
Interest expense	-9,960	-5,225	-15,189
Total other expense	-62,045	-5,225	-67,247
NET LOSS	($830,396)	($1,537,494)	($2,389,172)
NET LOSS PER COMMON SHARE: Basic and diluted	($0.01)	($0.03)	'
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: Basic and diluted	63,554,590	59,848,031	'

STATEMENT_OF_CHANGES_IN_STOCKH

STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) (USD $)	Common Stock	Additional Paid-In Capital	Deferred Stock Compensation	Deficit Accumulated During Development Stage	Total
Beginning Balance, Amount at Sep. 21, 2009	'	'	'	'	'
Beginning Balance, Shares at Sep. 21, 2009	'	'	'	'	'
Shares issued to founders, Shares	48,500,000	'	'	'	'
Shares issued to founders, Amount	4,850	'	'	'	4,850
Shares issued for services to consultants, Shares	14,000,000	'	'	'	'
Shares issued for services to consultants, Amount	1,400	'	'	'	1,400
Net loss	'	'	'	-5,550	-5,550
Ending Balance, Amount at Dec. 31, 2009	6,250	'	'	-5,550	700
Ending Balance, Shares at Dec. 31, 2009	62,500,000	'	'	'	'
Sale of common stock at $0.30, Shares	40,990	'	'	'	'
Sale of common stock at $0.30, Amount	4	12,296	'	'	12,300
Net loss	'	'	'	-1,418	-1,418
Ending Balance, Amount at Dec. 31, 2010	6,254	12,296	'	-6,968	11,582
Ending Balance, Shares at Dec. 31, 2010	62,540,990	'	'	'	'
Sale of common stock at $0.30, Shares	2,081	'	'	'	'
Sale of common stock at $0.30, Amount	'	624	'	'	624
Cancellation of shares, Shares	-4,000,000	'	'	'	'
Cancellation of shares, Amount	-400	400	'	'	'
Net loss	'	'	'	-14,310	-14,310
Ending Balance, Amount at Dec. 31, 2011	5,854	13,320	'	-21,278	-2,104
Ending Balance, Shares at Dec. 31, 2011	58,543,071	'	'	'	'
Shares issued for services, Shares	5,500,000	'	'	'	'
Shares issued for services, Amount	550	1,649,450	-147,500	'	1,502,500
Sale of common stock, Shares	26,333	'	'	'	'
Sale of common stock, Amount	3	7,898	'	'	7,901
Cancellation of common stock, Shares	-3,000,000	'	'	'	'
Cancellation of common stock, Amount	-300	300	'	'	'
Discount on convertible debt	'	5,000	'	'	5,000
Net loss	'	'	'	-1,537,494	-1,537,494
Ending Balance, Amount at Dec. 31, 2012	6,107	1,675,968	-147,500	-1,558,772	-24,197
Ending Balance, Shares at Dec. 31, 2012	61,069,404	'	'	'	'
Sale of common stock, Shares	9,000,000	'	'	'	'
Sale of common stock, Amount	900	44,100	'	'	45,000
Cancellation of common stock, Shares	-2,000,000	'	'	'	'
Cancellation of common stock, Amount	-200	200	'	'	'
Common stock issued for services, Shares	4,125,000	'	'	'	'
Common stock issued for services, Amount	413	1,228,038	-1,134,450	'	-94,001
Common stock issued upon conversion of convertible debt, Shares	257,978	'	'	'	'
Common stock issued upon conversion of convertible debt, Amount	26	1,651	'	'	1,667
Reclassification of derivative liability upon conversion of convertible debt	'	22,734	'	'	22,734
Amortization of deferred stock compensation	'	'	608,358	'	608,358
Net loss	'	'	'	-830,396	-830,396
Ending Balance, Amount at Dec. 31, 2013	$7,246	$2,972,691	($673,593)	($2,389,172)	($82,828)
Ending Balance, Shares at Dec. 31, 2013	72,452,382	'	'	'	'

STATEMENTS_OF_CASH_FLOWS

STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended		51 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'	'
Net loss	($830,396)	($1,537,494)	($2,389,172)
Stock based compensation	702,358	1,502,500	2,211,108
Change in fair value of derivative discount	52,085	'	52,085
Derivative expense	7,548	5,000	12,548
Changes in operating assets and liabilities	'	'	'
Accounts payable and accrued expenses	-2,929	9,399	6,474
Amortization of debt issuance costs	556	'	556
Deferred revenue	2,250	'	2,250
NET CASH USED IN OPERATING ACTIVITIES	-68,528	-20,595	-104,151
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'	'
Bank overdraft	93	'	93
Proceeds from issuance of convertible debt	28,677	5,000	33,676
Payment of debt issuance costs	-2,000	'	-2,000
Advance from related party	'	7,736	9,842
Repayment of advances from related party	-3,286	'	-3,286
Proceeds from sale of common stock	45,000	7,901	65,825
NET CASH PROVIDED BY FINANCING ACTIVITIES	68,484	20,637	104,150
Net change in Cash	-44	42	'
Cash at Beginning of Period	44	2	'
Cash at End of Period	'	44	'
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:	'	'	'
Cash paid for: Interest	'	'	'
Cash paid for: Income taxes	'	'	'
NON-CASH INVESTING AND FINANCING ACTIVITIES	'	'	'
Cancellation of common stock	200	400	900
Convertible debt converted to common stock	$1,667	'	$1,667

ORGANIZATION_AND_SUMMARY_OF_SI

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	Organization
	ML Capital Group, Inc. (the “Company”) was incorporated in the State of Nevada on September 22, 2009. The Company’s principal business is focused on providing financial consulting services. The Company is in the development stage, and has not realized significant revenues from its operations.
	Basis of presentation
	The Company is presented as a development stage company. Activities during the development stage include development of the Company’s business plan and the raising of capital.
	Revenue recognition
	Pursuant to the guidance of ASC Topic 605 and ASC Topic 360, the Company recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the purchase price is fixed or determinable and collectability is reasonably assured. The Company derived its revenue from consulting service and the revenue is recognized as services are provided.
	Concentration of revenue
	For the year ended December 31, 2013, all of the Company’s revenue was derived from one affiliated company (see Note 3) and all of the Company’s revenue for the year ended December 31, 2012 was from one customer.
	Use of estimates
	The preparation of the financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses, and the related disclosures at the date of the financial statements and during the reporting period. Actual results could materially differ from these estimates. Significant estimates include the valuation of stock-based compensation and derivative liabilities.
	Cash and cash equivalents
	For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with a maturity of three months or less and money market accounts to be cash equivalents.
	Fair value measurements and fair value of financial instruments
	The Company adopted ASC Topic 820, Fair Value Measurements. ASC Topic 820 clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:
	·	Level 1-Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date.
	·	Level 2-Inputs are unadjusted quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data.
	·	Level 3-Inputs are unobservable inputs which reflect the reporting entity’s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information.
	The carrying amounts reported in the balance sheets for accounts payable, accrued expenses and amounts due to related party approximate their fair market value based on the short-term maturity of these instruments. The Company’s derivative liabilities are adjusted to fair value on a recurring basis using Level 2 inputs (See Note 5).
	The following table sets forth by level within the fair value hierarchy the Company’s financial liabilities that were accounted for at fair value as December 31, 2013.
	Recurring Fair Value Measures		Level 1		Level 2		Level 3		Total
	LIABILITIES:
	Derivative liabilities as of December 31, 2013		$	--	$	56,351	$	--	$	56,351
	Income taxes
	The Company utilizes ASC Topic 740, "Accounting for Income Taxes," which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.
	The Company applied the provisions of ASC 740-10-50, “Accounting For Uncertainty In Income Taxes”, which provides clarification related to the process associated with accounting for uncertain tax positions recognized in our financial statements. Audit periods remain open for review until the statute of limitations has passed. The completion of review or the expiration of the statute of limitations for a given audit period could result in an adjustment to the Company’s liability for income taxes. Any such adjustment could be material to the Company’s results of operations for any given quarterly or annual period based, in part, upon the results of operations for the given period. ASC Topic 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosures, and transition.   As of December 31, 2013 and 2012, management believes the Company had no material uncertain tax positions, and will continue to evaluate for uncertain positions in the future.
	The Company classifies penalties and interest related to unrecognized tax benefits as income tax expense in the Statements of Operations.
	Stock-based compensation
	The Company accounts for stock-based instruments issued to employees in accordance with ASC Topic 718. ASC Topic 718 requires companies to recognize in the statement of operations the grant-date fair value of stock options and other equity based compensation issued to employees. The Company accounts for non-employee share-based awards in accordance with ASC Topic 505-50.
	Net loss per share of common stock
	Basic net loss per common share is computed by dividing net loss available to common shareholders by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per common share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. Potentially dilutive securities consisting of 24,673 and 2,482,631 shares underlying convertible debt for the years ended December 31, 2012 and 2013 are not included in the calculation of diluted loss per share because their impact was antidilutive.
	Concentration of credit risks
	Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash. On November 9, 2010, the FDIC issued a Final Rule implementing section 343 of the Dodd-Frank Wall Street Reform and Consumer Protection Act that provides for unlimited insurance coverage of noninterest-bearing transaction accounts. Beginning December 31, 2010, through December 31, 2013, all noninterest-bearing transaction accounts are fully insured, regardless of the balance of the account, at all FDIC-insured institutions. The unlimited insurance coverage is available to all depositors, including consumers, businesses, and governmental entities. This unlimited insurance coverage is separate from, and in addition to, the insurance coverage provided to a depositor’s other deposit accounts held at an FDIC-insured institution. A noninterest-bearing transaction account is a deposit account where interest is neither accrued nor paid; depositors are permitted to make an unlimited number of transfers and withdrawals; and the bank does not reserve the right to require advance notice of an intended withdrawal.
	The Company has not experienced any losses in such accounts through December 31, 2013. There were no balances in excess of FDIC insured levels as of December 31, 2013 and 2012.
	Recent accounting pronouncements
	Accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the financial statements upon adoption.

GOING_CONCERN

GOING CONCERN	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
NOTE 2 - GOING CONCERN	'
	The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company, as shown in the accompanying balance sheets, has a working capital deficit of $82,828 and an accumulated deficit of $2,389,172 as of December 31, 2013. The Company has not established any source of revenue to cover its operating costs. The Company will engage in very limited activities that must be satisfied in cash until a source of funding is secured. The Company will offer noncash consideration and seek equity lines as a means of financing its operations. If the Company is unable to obtain revenue producing contracts or financing or if the revenue or financing it does obtain is insufficient to cover any operating losses it may incur, it may substantially curtail or terminate its operations or seek other business opportunities through strategic alliances, acquisitions or other arrangements that may dilute the interests of existing stockholder. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
NOTE 3 - RELATED PARTY TRANSACTIONS	'
	The Company’s president from time to time, provided advances to the Company for working capital purposes. At December 31, 2013 and 2012, the Company had a payable to the president of $6,556 and $9,842, respectively. These advances are due on demand, non-interest bearing and are included in due to related party on the accompanying balance sheets.
	During the year ended December 31, 2013 all of the Company’s revenue, totaling $2,250 was from an entity controlled by a relative of the Company’s president.
	On February 2, 2013, the Company terminated the employment agreement of October 11, 2012 for the Chief Executive Officer of the Company. The termination was of mutual agreement and the company and Chief Executive Officer mutually released the other party.  As part of the termination agreement 2,000,000 shares held by the Chief Executive Officer were returned to the Company to be cancelled.
	On May 6, 2013 the Company issued 250,000 shares of common stock to one of the directors with a value of $75,000.

CONVERTIBLE_NOTE_PAYABLE

CONVERTIBLE NOTE PAYABLE	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
NOTE 4 - CONVERTIBLE NOTE PAYABLE	'
	On June 7, 2012, the Company entered into a convertible promissory note agreement with Morgan Wells Inc. Pursuant to the convertible promissory note agreement, the Company issued a note in the principal amount of $5,000. The note bears interest at the default rate of 22% per annum and matured on December 7, 2012. The note is in default. The Holder shall have the right from time to time to convert all or any part of the outstanding and unpaid principal amount of this note into fully paid and non-assessable shares of common stock. The conversion price shall be 75% of the lowest closing market price for the Company’s stock during the previous 20 trading days.
	The Company determined that, prior to June 2013, the conversion feature of the convertible note did not meet the criteria of an embedded derivative and therefore the conversion feature was not bi-furcated and accounted for as a derivative because the Company was a private company, there was no quoted price and no active market for the Company’s common stock and any common shares issued upon conversion were not readily convertible to cash.
	Since the convertible note included an embedded conversion feature that did not qualify to be bi-furcated as a derivative, management evaluated this feature to determine whether it meets the definition of a beneficial conversion feature (“BCF”) within the scope of ASC 470-20, “Debt with Conversion and Other Options”. The Company recorded a discount for the beneficial conversion feature of $5,000, which was amortized into interest expense through maturity in December 2012.  The carrying amount of the debt as of December 31, 2012 and 2013 was $5,000.
	In June 2013, the Company’s common stock began trading on the Over-the Counter Bulletin Board. As a result, the embedded conversion option is required to be presented as a derivative liability on the balance sheet and adjusted to fair value at each balance sheet date. The Company estimated the fair value of the derivative liability to be $1,667 as of the date the Company’s began trading on the Over-the Counter Bulletin Board resulting in a derivative expense of $1,667.  The derivative liability was adjusted to its fair value of $1,851 as of December 31, 2013, resulting in additional derivative expense of $184 for the year ended December 31, 2013.
	On May 15, 2013, the Company entered into a convertible promissory note agreement with Windstream Partners, LLC.  Pursuant to the convertible promissory note agreement, the Company issued a note in the principal amount of $6,500. The note bears interest at the rate of 8% per annum and matured on November 15, 2013. The note was convertible into shares of the Company’s common stock at $.0065 per share. The Company recorded a discount against the carrying value of the debt for the beneficial conversion feature totaling $6,500, which was amortized into interest expense through the maturity date of the note.  The Company recognized interest expense of $6,500 for the amortization of the debt discount for the year ended December 31, 2013.  In October 2013, the note was transferred to a third party and accrued interest of $165 was added to the principal.  The current holder shall have the right from time to time to convert all or any part of the outstanding and unpaid principal amount of this note into fully paid and non-assessable shares of common stock. The conversion price shall be the lower of 1) 50% of the average of the lowest 2 trading prices during the 20 trading days immediately preceding the conversion date, or 2) $0.0065 per share.  The maturity date of the note was extended to July 15, 2014. During the year ended December 31, 2013, he holder of the note converted principal of $1,666 in 257,978 share of common stock. The embedded conversion feature, after the transfer of the note, is required to be recorded as a derivative liability adjusted to fair value at each reporting date.  On the date of transfer, the Company recorded an initial derivative liability of $52,000, of which $5,000 was recorded as a discount against the note and $47,000 was recorded as derivative expense.  The derivative liability was adjusted to its fair value of $31,170 as of December 31, 2013, resulting in derivative income of $20,830 for the year ended December 31, 2013.  The Company recorded amortization of the discount of $1,410 for the year ended December 31, 2013, and the carrying value of the note as of December 31, 2013, was $1,410, net of remaining discount of $3,590.
	In October 2013, the Company issued a convertible promissory note agreement in the principal amount of 22,000. The note bears interest at the rate of 8% per annum and matures July 18, 2014. The note is convertible into shares of the Company’s common stock after 180 days at 50% of the average of the lowest 2 trading prices during the 10 trading days immediately preceding the conversion date.  The embedded conversion feature is required to be recorded as a derivative liability adjusted to fair value at each reporting date.  On the date of transfer, the Company recorded an initial derivative liability of $23,331, of which $22,000 was recorded as a discount against the note and $1,331 was recorded as derivative expense.  The fair value of the derivative as of December 31, 2013 did not change from the date of issuance.  The Company recorded amortization of the discount of $6,138 for the year ended December 31, 2013, and the carrying value of the note as of December 31, 2013, was $6,138, net of remaining discount of $15,862.

DERIVATIVE_LIABILITIES

DERIVATIVE LIABILITIES	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
NOTE 5 - DERIVATIVE LIABILITIES	'
	The Company estimates the fair value of its embedded conversion features using Monte Carlo simulations and Black Scholes.  During the year ended December 31, 2013, the Company used the following assumptions in estimating the fair value of its embedded derivatives:
	Volatility – 399.42 to 404.43%
	Risk Free Rate – 0.10% to 0.16%
	Term – 0.54 to 0.75 Years –
	Dividend Rate – none
	Activity related to the embedded derivatives for the year ended December 31, 2013 is summarized as follows:
	Balance at December 31, 2012	$	-
	Initial Issuances		76,998
	Conversions		(22,734	)
	Change in Fair Value		2,087
	Balance at December 31, 2013	$	56,351

STOCKHOLDERS_DEFICIT

STOCKHOLDERS' DEFICIT	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
NOTE 6 - STOCKHOLDERS' DEFICIT	'
	On September 19, 2013, the Company adopted the 2013 Equity Incentive Plan.  This plan is intended to allow directors, officers, employees, and certain non-employees of the Company to receive options to purchase company common stock.  The purpose of this plan is to provide these persons with equity-based compensation incentives to make significant and extraordinary contributions to the long-term performance and growth of the company, and to attract and retain employees.  A total of 10,000,000 shares of common stock have been registered under this plan under a Form S-8 filed with the SEC on September 19, 2013.  Stocks granted under this plan are to be exercisable is established by the board of directors, in its sole discretion, on the date of the grant.  Through December 31, 2013, the Company has granted 1,000,000 shares under this plan.
	On September 22, 2009 (date of Inception), the Company issued 48,500,000 shares of its common stock to its founders. The Company valued these common shares at a nominal value of $0.0001 per common share. In connection with issuance of these common shares, the Company recorded stock-based compensation of $4,850.
	In October 2009, pursuant to six month consulting agreements, the Company issued 14,000,000 shares of its common stock to consultants for business development services. The Company valued these common shares at a nominal value of $0.0001 per common share.
	During the year ended December 31, 2010, the Company sold 40,990 shares of its common stock at $0.30 per common share for proceeds of $12,300.
	During the year ended December 31, 2011, the Company sold 2,081 shares of its common stock at $0.30 per common share for proceeds of $624.
	On December 6, 2011, the Company cancelled 4,000,000 shares of its common stock. In connection with cancellation of these common shares, the common stock value was reduced by $400 and additional paid in capital was increased by $400.
	During the year ended December 31, 2012, the Company sold 26,333 shares of its common stock at $0.30 per common shares for proceeds of $7,901.
	On March 8, 2012, the Company issued an aggregate of 500,000 shares of common stock to two directors (250,000 shares each) for services rendered. The Company valued these common shares at $0.30 per common share based on the sale of common stock in a private placement at $0.30 per common share.
	On June 27, 2012, the Company entered into a one-year consulting agreement for business development services.   In connection with the consulting agreement, the Company issued 1,000,000 shares of its common stock. These shares were valued at $0.30 per share based on the sale of common stock in a private placement at $0.30 per common share. In connection with issuance of these common shares, the Company recorded stock-based professional fees of $152,500 and a deferred stock based compensation of $147,500 as of December 31, 2012 which was amortized into expense during the year ended December 31, 2013.
	On July 20, 2012, the Company cancelled 3,000,000 shares of its common stock previously issued to three consultants in 2009 and issued 1,000,000 additional shares to another consultant for services rendered in 2009. In connection with cancellation of the common shares, the common stock value was reduced by $300 and additional paid in capital was increased by $300, and an expense of $300,000 was recognized for the additional 1,000,000 shares at $0.30 per share based on recent sales of common stock in a private placement at $0.30 per common share.
	On July 20, 2012, the Company granted 2,000,000 vested shares of common stock to its then chief executive officer for services. The Company valued these common shares at the fair value of $0.30 per common share for a total of $600,000 based on the sale of common stock in a private placement at $0.30 per common share. In February 2013, the employment agreement was terminated and all the shares were returned to the Company.
	On August 16, 2012, the Company entered into an agreement for legal services rendered.  In connection with the agreement, the Company issued 1,000,000 shares of its common stock. These shares were valued at $0.30 per share based on the sale of common stock in a private placement at $0.30 per common share. In connection with issuance of these common shares, the Company recorded professional fees of $300,000.
	In May 2013, the Company granted 250,000 shares of the Company’s common stock to a member of its board of directors as consideration for past services on the board.  The Company recorded compensation expenses equal to the estimated fair value of the shares of $0.30 per share, totaling $75,000, based on the most recent sale of common stock in a private placement
	On July 29, 2013 the Company issued 125,000 shares of common stock to one entity with a value of $52,500 for services to be rendered over a one year period.  The Company recognized expenses of $21,887 during the year ended December 31, 2013 and $30,613 is recorded as deferred stock compensation as of December 31, 2013.
	On August 2, 2013 the Company issued 2,500,000 shares of common stock to one individual with a value of $1,034,250 for one year of legal services. As of December 31, 2013 the Company deferred $673,593 as deferred stock based compensation.
	On September 15, 2013 the Company issued 250,000 shares of common stock to one individual with a value of $18,750 for services.
	On October 28, 2013 the Company issued 3,000,000 shares of common stock to one individual for $15,000 in cash.
	On November 11, 2013 the Company issued 257,978 shares of common stock for the conversion of $1,667 of convertible debt to stock.
	On December 1, 2013 the Company issued 2,000,000 shares of common stock to one individual for $10,000 in cash.
	On December 4, 2013 the Company issued 1,000,000 shares of common stock to one individual with a value of $47,600 for service.
	On December 5, 2013 the company issued 2,000,000 shares of common stock to two individuals for $10,000 in cash.
	On December 16, 2013 the Company issued 2,000,000 shares of common stock to one individual for $10,000 in cash.

INCOME_TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
NOTE 7 - INCOME TAXES	'
	The Company has incurred aggregate cumulative net operating losses of approximately $66,000 for income tax purposes as of December 31, 2013. The net operating loss carries forward for United States income taxes, which may be available to reduce future years’ taxable income. These carry forwards will expire, if not utilized, starting in 2030 through 2032. Management believes that the realization of the benefits from these losses appears not more than likely due to the Company’s limited operating history and continuing losses for United States income tax purposes. Accordingly, the Company has provided a 100% valuation allowance on the deferred tax asset to reduce the asset to zero. Management will review this valuation allowance periodically and make adjustments as necessary.
	The tax effects of temporary differences that give rise to significant portions of deferred tax assets at December 31, 2013 and 2012 are as follows:
		2013			2012
	Deferred tax assets:
	Net operating loss carry forward	$	22,440		$	17,000
	Total gross deferred tax assets		22,440			17,000
	Less: valuation allowance		(22,440	)		(17,000	)
	Net deferred tax assets	$	-		$	-
	The valuation allowance at December 31, 2013 and 2012 was $22,440 and $17,000, respectively. The increase in valuation allowance during 2013 and 2012 was $5,444 and $11,890, respectively.
	The Company’s effective income tax rate differs from the statutory rate due to permanent differences related to stock-based compensation and the change in valuation allowance.

LEASE

LEASE	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
NOTE 8 - LEASE	'
	On May 16, 2013 the Company signed a lease for 950 square feet of space with the lease commencing on July 1, 2013 and expiring on August 1, 2015.  Under the terms of the lease the Company paid monthly lease rental of $900 per month plus estimated CAM and taxes from July 1, 2013 through December 31, 2013.  The Company is further obligated to pay monthly rental of $950 plus CAM and taxes from January 1, 2014 through June 30, 2014 and $950 in monthly rental plus CAM and taxes through the term of the lease ending July 31, 2015.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
NOTE 9 - COMMITMENTS AND CONTINGENCIES	'
	On December 3, 2013 Premier Media Services, Inc filed a civil suit (Premier Media Services, Inc. v ML Capital Group Inc., Case No. CC2014215992RC. North Mesa Justice Court, CA) claiming damages of $4,450 of unpaid fees and legal costs and shares received at a value of $5,000 for breach of contract and to release the shares held. Premier claims the Company terminated the contract on 30 day notice while the contract required a 90 day notice.  The Company has counter claimed that Premier breached the contract and did not act in good faith while committing fraud and enjoying unjust enrichment. The trial is set for May 9, 2014. The Company is unable to determine a likely outcome and not recorded any amounts related to this matter.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
NOTE 10 - SUBSEQUENT EVENTS	'
	On January 3, 2014 the Company issued 1,000,000 shares of common stock to one individual for $5,000 in cash.
	On January 9, 2014 the Company issued 1.000.000 shares of common stock for $5,000 in cash.
	On January 14, 2014 the Company issued 300,000 shares of common stock to one individual with a value of $11,370 for services.
	On January 28, 2014 the Company issued 393,446 shares of common stock for the conversion of $2,558 of convertible debt.
	On February 4, 2014 the Company issued 394,057 shares of common stock for the conversion of $2,561 of convertible debt.
	On February 6, 2014 the Company issued 200,000 shares of common stock to one entity for services valued at $8,000.
	On February 7, 2014 the Company issued 1,000,000 to one individual for $5,000 in cash.
	On March 3, 2014 the Company issued 2,500,000 of common stock for the conversion of $2,500 of convertible debt.

ORGANIZATION_AND_SUMMARY_OF_SI1

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2013
Organization And Summary Of Significant Accounting Policies Policies	'
Organization	'
	ML Capital Group, Inc. (the “Company”) was incorporated in the State of Nevada on September 22, 2009. The Company’s principal business is focused on providing financial consulting services. The Company is in the development stage, and has not realized significant revenues from its operations.
Basis of presentation	'
	The Company is presented as a development stage company. Activities during the development stage include development of the Company’s business plan and the raising of capital.
Revenue recognition	'
	Pursuant to the guidance of ASC Topic 605 and ASC Topic 360, the Company recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the purchase price is fixed or determinable and collectability is reasonably assured. The Company derived its revenue from consulting service and the revenue is recognized as services are provided.
Concentration of revenue	'
	For the year ended December 31, 2013, all of the Company’s revenue was derived from one affiliated company (see Note 3) and all of the Company’s revenue for the year ended December 31, 2012 was from one customer.
Use of estimates	'
	The preparation of the financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses, and the related disclosures at the date of the financial statements and during the reporting period. Actual results could materially differ from these estimates. Significant estimates include the valuation of stock-based compensation and derivative liabilities.
Cash and cash equivalents	'
	For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with a maturity of three months or less and money market accounts to be cash equivalents.
Fair value measurements and fair value of financial instruments	'
	The Company adopted ASC Topic 820, Fair Value Measurements. ASC Topic 820 clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:
	·	Level 1-Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date.
	·	Level 2-Inputs are unadjusted quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data.
	·	Level 3-Inputs are unobservable inputs which reflect the reporting entity’s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information.
	The carrying amounts reported in the balance sheets for accounts payable, accrued expenses and amounts due to related party approximate their fair market value based on the short-term maturity of these instruments. The Company’s derivative liabilities are adjusted to fair value on a recurring basis using Level 2 inputs (See Note 5).
	The following table sets forth by level within the fair value hierarchy the Company’s financial liabilities that were accounted for at fair value as December 31, 2013.
	Recurring Fair Value Measures		Level 1		Level 2		Level 3		Total
	LIABILITIES:
	Derivative liabilities as of December 31, 2013		$	--	$	56,351	$	--	$	56,351
Income taxes	'
	The Company utilizes ASC Topic 740, "Accounting for Income Taxes," which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.
	The Company applied the provisions of ASC 740-10-50, “Accounting For Uncertainty In Income Taxes”, which provides clarification related to the process associated with accounting for uncertain tax positions recognized in our financial statements. Audit periods remain open for review until the statute of limitations has passed. The completion of review or the expiration of the statute of limitations for a given audit period could result in an adjustment to the Company’s liability for income taxes. Any such adjustment could be material to the Company’s results of operations for any given quarterly or annual period based, in part, upon the results of operations for the given period. ASC Topic 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosures, and transition.   As of December 31, 2013 and 2012, management believes the Company had no material uncertain tax positions, and will continue to evaluate for uncertain positions in the future.
	The Company classifies penalties and interest related to unrecognized tax benefits as income tax expense in the Statements of Operations.
Stock-based compensation	'
	The Company accounts for stock-based instruments issued to employees in accordance with ASC Topic 718. ASC Topic 718 requires companies to recognize in the statement of operations the grant-date fair value of stock options and other equity based compensation issued to employees. The Company accounts for non-employee share-based awards in accordance with ASC Topic 505-50.
Net loss per share of common stock	'
	Basic net loss per common share is computed by dividing net loss available to common shareholders by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per common share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. Potentially dilutive securities consisting of 24,673 and 2,482,631 shares underlying convertible debt for the years ended December 31, 2012 and 2013 are not included in the calculation of diluted loss per share because their impact was antidilutive.
Concentration of credit risks	'
	Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash. On November 9, 2010, the FDIC issued a Final Rule implementing section 343 of the Dodd-Frank Wall Street Reform and Consumer Protection Act that provides for unlimited insurance coverage of noninterest-bearing transaction accounts. Beginning December 31, 2010, through December 31, 2013, all noninterest-bearing transaction accounts are fully insured, regardless of the balance of the account, at all FDIC-insured institutions. The unlimited insurance coverage is available to all depositors, including consumers, businesses, and governmental entities. This unlimited insurance coverage is separate from, and in addition to, the insurance coverage provided to a depositor’s other deposit accounts held at an FDIC-insured institution. A noninterest-bearing transaction account is a deposit account where interest is neither accrued nor paid; depositors are permitted to make an unlimited number of transfers and withdrawals; and the bank does not reserve the right to require advance notice of an intended withdrawal.
	The Company has not experienced any losses in such accounts through December 31, 2013. There were no balances in excess of FDIC insured levels as of December 31, 2013 and 2012.
Recent accounting pronouncements	'
	Accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the financial statements upon adoption.

ORGANIZATION_AND_SUMMARY_OF_SI2

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2013
Organization And Summary Of Significant Accounting Policies Tables	'
Fair value financial instruments	'
	The following table sets forth by level within the fair value hierarchy the Company’s financial liabilities that were accounted for at fair value as December 31, 2013.
	Recurring Fair Value Measures	Level 1		Level 2		Level 3		Total
	LIABILITIES:
	Derivative liabilities as of December 31, 2013	$	--	$	56,351	$	--	$	56,351

DERIVATIVE_LIABILITIES_Tables

DERIVATIVE LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2013
Derivative Liabilities Tables	'
Assumptions In Estimating Fair Value Of Derivatives:	'
	During the year ended December 31, 2013, the Company used the following assumptions in estimating the fair value of its embedded derivatives:
	Volatility – 399.42 to 404.43%
	Risk Free Rate – 0.10% to 0.16%
	Term – 0.54 to 0.75 Years –
	Dividend Rate – none
Activity Related To Embedded Derivatives	'
	Activity related to the embedded derivatives for the year ended December 31, 2013 is summarized as follows:
	Balance at December 31, 2012	$	-
	Initial Issuances		76,998
	Conversions		(22,734	)
	Change in Fair Value		2,087
	Balance at December 31, 2013	$	56,351

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2013
Income Taxes Tables	'
Deferred Tax Assets	'
	The tax effects of temporary differences that give rise to significant portions of deferred tax assets at December 31, 2013 and 2012 are as follows:
		2013			2012
	Deferred tax assets:
	Net operating loss carry forward	$	22,440		$	17,000
	Total gross deferred tax assets		22,440			17,000
	Less: valuation allowance		(22,440	)		(17,000	)
	Net deferred tax assets	$	-		$	-

ORGANIZATION_AND_SUMMARY_OF_SI3

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	Dec. 31, 2013
Fair value of derivative liability	$56,351
Quoted Prices in Active Markets for Identical Assets (Level 1)	'
Fair value of derivative liability	'
Significant Other Observable Inputs (Level 2)	'
Fair value of derivative liability	56,351
Significant Unobservable Inputs (Level 3)	'
Fair value of derivative liability	'

ORGANIZATION_AND_SUMMARY_OF_SI4

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Organization And Summary Of Significant Accounting Policies Details Narrative	'	'
Potential dilutive shares	2,482,631	24,673

GOING_CONCERN_Details_Narrativ

GOING CONCERN (Details Narrative) (USD $)	Dec. 31, 2013
Notes to Financial Statements	'
Working capital deficit	$82,828
Accumulated deficit	($2,389,172)

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details Narrative) (USD $)	12 Months Ended		51 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
Payable to related party	$6,556	$9,842	$6,556
Revenue	2,250	800	3,050
President [Member]	'	'	'
Payable to related party	6,556	9,842	6,556
Chief Executive Officer [Member]	'	'	'
Shares cancelled	2,000,000	'	'
Director [Member]	'	'	'
Stock issued, value	$75,000	'	'
Stock issued, shares	250,000	'	'

CONVERTIBLE_NOTE_PAYABLE_Detai

CONVERTIBLE NOTE PAYABLE (Details Narrative) (USD $)	12 Months Ended		51 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
Convertible Note Payable Details Narrative	'	'	'
Estimated the fair value of the derivative liability	$1,851	'	$1,851
Derivative expense	184	'	'
Promissory note issued in the principal amount	1,666	'	'
Conversion price of note	$0.01	'	$0.01
Debt beneficial conversion feature	6,500	'	'
Interest expense from the amortization of the discount	6,500	'	'
Carrying value of the note	6,138	'	6,138
Amortization Of Debt Discount	52,085	'	52,085
Unamortized discount	15,862	'	15,862
Carrying amount of the debt	5,000	5,000	5,000
Interest expense	'	5,000	'
Derivative income	20,830	'	'
Derivative liability for fair value	'	$31,170	'

DERIVATIVE_LIABILITIES_Details

DERIVATIVE LIABILITIES (Details)	12 Months Ended
	Dec. 31, 2013
Maximum [Member]	'
Volatility	404.43%
Risk Free Rate	0.16%
Term	'9 months
Dividend Rate	'
Minimum [Member]	'
Volatility	399.42%
Risk Free Rate	0.10%
Term	'6 months 15 days
Dividend Rate	'

DERIVATIVE_LIABILITIES_Details1

DERIVATIVE LIABILITIES (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2013
Derivative Liabilities Details 1	'
Balance at December 31, 2012	'
Initial Issuances	76,998
Conversions	-22,734
Change in Fair Value	2,087
Balance at December 31, 2013	$56,351

STOCKHOLDERS_DEFICIT_Details_N

STOCKHOLDERS' DEFICIT (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2013
Estimated fair value of the per share	$0.30
Estimated fair value	$75,000
Shares granted under plan	1,000,000
Professional fees	152,500
Deferred stock based compensation	147,500
July 29, 2013 (Member)	'
Deferred stock based compensation	30,613
August 2, 2013 (Member)	'
Deferred stock based compensation	$30,613

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Deferred tax assets:	'	'
Net operating loss carry forward	$22,440	$17,000
Total gross deferred tax assets	22,440	17,000
Less: valuation allowance	-22,440	-17,000
Net deferred tax assets	'	'

INCOME_TAXES_Details_Narrative

INCOME TAXES (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Notes to Financial Statements	'	'
Accumulated operating loss	$66,000	'
Increase in valuation allowance	$5,444	$11,890