Ubiquity 10-K/A 7 Aug 15 2014 FY Annual report (amended) Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2014	Jul. 29, 2015	Jun. 30, 2014
Document And Entity Information
Entity Registrant Name	UBIQUITY, INC.
Entity Central Index Key	1,538,329
Document Type	10-K
Document Period End Date	Dec. 31, 2014
Amendment Flag	true
Amendment Description	AMENDMENT NO. 1
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?	No
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 20,246,400
Entity Common Stock, Shares Outstanding		125,625,578
Trading Symbol	UBIQ
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,014

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Assets:
Cash and cash equivalents	$ 102,286	$ 74,300
Accounts receivable, net		38,105
Prepaid expenses	$ 39,433	422,497
Loans receivable - related parties	247,461	754,647
Other current assets	100	267
Total current assets	389,280	1,289,816
Property and equipment, net	751,184	1,003,546
Other assets:
Other assets	58,993	34,403
Intangible assets, net	7,085,070	5,905,456
Total assets	8,284,527	8,233,221
Current liabilities
Accounts payable	577,990	756,316
Accrued expenses	1,909,354	2,450,601
Credit cards payable	825,854	482,635
Loans payable - related parties	48,251	$ 7,000
Convertible note, net discount of $3,119	200,881
Total current liabilities	3,562,330	$ 3,696,552
Accrued expenses, long-term	4,120,120
Total liabilities	$ 7,682,450	$ 3,696,552
Commitments and contingencies
Stockholders' Equity:
Preferred stock, par value $0.001, 10,000,000 shares authorized, no shares issued and outstanding
Common stock, par value $0.001, 800,000,000 shares authorized, 104,502,111 and 91,119,199 shares issued and outstanding as of December 31, 2014 and 2013, respectively	$ 104,502	$ 91,119
Additional paid-in capital	151,758,762	127,484,313
Accumulated deficit	(146,383,599)	(123,038,763)
Total Ubiquity, Inc. stockholders' equity	5,479,665	$ 4,536,669
Non-controlling interest	(4,877,588)
Total stockholders' equity	602,077	$ 4,536,669
Total liabilities and stockholders' equity	$ 8,284,527	$ 8,233,221

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]
Convertible note, discount	$ 3,119
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	800,000,000	800,000,000
Common stock, shares issued	104,502,111	91,119,199
Common stock, shares outstanding	104,502,111	91,119,199

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income Statement [Abstract]
Revenues	$ 67,835	$ 201,207
Total Revenues	67,835	201,207
Costs of sales	180,047	153,884
Gross profit (loss)	(112,212)	47,323
Operating expenses:
Meals and entertainment	80,401	84,951
Marketing	170,486	85,744
Outside services	595,903	802,924
Payroll expense	3,397,481	2,869,530
Stock-based compensation	14,101,821	46,788,172
Office and computer	400,020	177,344
Professional fees	2,370,154	1,683,664
Rent	569,710	485,922
Travel	312,173	126,922
Taxes	64,657	51,029
Charitable contributions	74,643	47,066
Bad debt expense	49,355	25,000
Depreciation and amortization	1,866,852	1,035,849
Other operating expenses	417,600	398,673
Total operating expenses	24,471,256	54,662,790
Operating loss	(24,583,468)	$ (54,615,467)
Other income (expense)
Interest expense	(19,996)
Loss on impairment of intangible assets	$ (120,530)	$ (45,000)
Loss on acquisition of intangible assets		$ (1,000,000)
Other income (expense)	$ 27,753
Total other income (expense)	(112,773)	$ (1,045,000)
Loss before provision for income taxes	$ (24,696,241)	$ (55,660,467)
Provision for income taxes
Net loss	$ (24,696,241)	$ (55,660,467)
Loss attributable to non-controlling interest	1,351,405
Loss attributable to Ubiquity, Inc.	$ (23,344,836)	$ (55,660,467)
Net loss per share: basic and diluted	$ (0.24)	$ (0.80)
Weighted average number of shares outstanding: basic and diluted	97,213,735	69,834,329

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity - USD ($)	Common Stock [Member]	Preferred Stock [Member]	Additional Paid-In Capital [Member]	Deferred Stock Based Compensation [Member]	Accumulated Deficit [Member]	Noncontrolling Interest [Member]	Total
Balance at Dec. 31, 2012	$ 55,657	$ 600	$ 68,431,626		$ (67,378,296)		$ 1,109,587
Balance, shares at Dec. 31, 2012	55,656,942	600,000
Merger/recapitalization	$ 12,823		(12,823)
Merger/recapitalization, shares	12,822,857
Cancellation of shares	$ (4,571)		4,571
Cancellation of shares, shares	(4,571,429)
Conversion of preferred stock	$ 685	$ (600)	(85)
Conversion of preferred stock, shares	685,714	(600,000)
Shares issued for cash	$ 6,210		7,550,040				$ 7,556,250
Shares issued for cash, shares	6,210,057						6,210,057
Stock options exercised	$ 13,200		(13,200)
Stock options exercised, shares	13,200,000						3,300,000
Shares issued for services	$ 5,563		11,867,039				$ 11,872,602
Shares issued for services, shares	5,562,914						5,562,914
Shares issued to acquire intangible assets	$ 1,552		4,405,949				$ 4,407,501
Shares issued to acquire intangible assets, shares	1,552,143
Stock options issued for services rendered			35,251,196				$ 35,251,196
Non-controlling interest in Sponsor Me, Inc. - Initial recording
Net loss					$ (55,660,467)		$ (55,660,467)
Balance at Dec. 31, 2013	$ 91,119		127,484,313		$ (123,038,763)		4,536,669
Balance, shares at Dec. 31, 2013	91,119,199
Shares issued for cash							$ 8,060,178
Shares issued for cash, shares							10,551,572
Stock options exercised, shares
Shares issued for services							$ 10,568,834
Shares issued for services, shares							1,739,107
Shares issued for cash - Ubiquity, Inc.	$ 10,552		8,049,626				$ 8,060,178
Shares issued for cash - Ubiquity, Inc, shares	10,551,572
Shares issued for cash - Sponsor Me, Inc.			193,000				193,000
Shares issued for services - Ubiquity, Inc.	$ 1,739		10,567,095				10,568,834
Shares issued for services - Ubiquity, Inc, shares	1,739,107
Shares issued for services - Sponsor Me, Inc.			131,000				131,000
Shares issued for purchase of assets	$ 1,092		2,248,908				2,250,000
Shares issued for purchase of assets, shares	1,092,233
Stock-based compensation			3,084,820				3,084,820
Non-controlling interest in Sponsor Me, Inc. - Initial recording						$ (3,526,183)	(3,526,183)
Non-controlling interest in Sponsor Me, Inc. - Change during year					$ 1,351,405	(1,351,405)
Net loss					(24,696,241)		(24,696,241)
Balance at Dec. 31, 2014	$ 104,502		$ 151,758,762		$ (146,383,599)	$ (4,877,588)	$ 602,077
Balance, shares at Dec. 31, 2014	104,502,111

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (24,696,241)	$ (55,660,467)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,866,852	1,035,849
Stock-based compensation	14,101,821	$ 46,788,172
Contributed interest on related party notes	18,418
Bad debt expense	$ 49,355	$ 25,000
Impairment expense		$ 1,045,000
Amortization of debt discount	$ 881
Changes in operating assets and liabilities:
Accounts receivable	(11,250)	$ (33,505)
Prepaid expenses	47,439	$ 74,122
Other current assets	(185,515)
Accounts payable	(299,877)	$ (164,710)
Accrued expenses	932,676	641,586
Credit cards payable	343,219	27,461
Net cash used in operating activities	(7,832,222)	(6,221,492)
CASH FLOWS FROM INVESTING ACTIVITIES:
Loans to related parties	(187,331)	(538,475)
Purchase of property and equipment	(49,050)	(270,142)
Other assets	(24,590)	(34,403)
Purchase/acquisition of intangible assets	(392,977)	$ (530,601)
Cash from SME	19,727
Net cash used in investing activities	(634,221)	$ (1,373,621)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from convertible notes payable	200,000
Net proceeds from loan payable - related party	41,251	$ (5,500)
Proceeds from sale of common stock	8,253,178	7,556,250
Net cash provided by financing activities	8,494,429	7,550,750
Change in cash and cash equivalents	27,986	(44,363)
Cash and cash equivalents, beginning of year	74,300	118,663
Cash and cash equivalents, end of year	$ 102,286	$ 74,300
Supplemental disclosures of cash flow information:
Cash paid for interest
Cash paid for income taxes
Non-cash investing and financing activities:
Value of common shares issued for assets	$ 2,250,000	$ 4,407,501
Conversion of preferred stock into common stock		685
Common stock recorded as a prepaid		$ 1,052,500

Nature of Business

Nature of Business	12 Months Ended
	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business	NOTE 1 - NATURE OF BUSINESS Ubiquity, Inc., formerly Ubiquity Broadcasting Corporation, (“Ubiquity” or “the Company”) was formed in the State of Delaware in February 2007. It then became a corporation in the State of Nevada on February 12, 2007. Ubiquity, Inc. (Collectively “Ubiquity” or the “Company”) creating IOT (“Internet of Things”) for emerging businesses in social, mobile, analytics,& cloud, is a leader in Multiscreen as a Service (“MaaS”) creating a comprehensive “full stack” engagement platform for multiscreen application environments. The company is the first fully integrated enterprise platform that enables brands to capture, engage, manage and monetize their anywhere anytime users. Ubiquity’s intellectual property and unique cloud-based technology combines MaaS with SaaS to enable its customers to structure their content and data in a mobile cloud to deliver innovative user experiences to their multiscreen communities and audiences worldwide. The company’s products and services include the Sprocket Platform with a uniform comprehensive warehouse data analytics format, GiftSender a mobile wallet, Monkey Bars a social mobility distribution platform, and proprietary video intelligence software, and Sponsor Me, Inc’s editorial driven e-commerce platform. Reverse Merger As previously reported in the Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on March 6, 2013. On March 5, 2013, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Ubiquity Broadcasting Corporation, a privately held Delaware corporation (“Ubiquity-DE”), and Ubiquity Acquisition Corp., a newly formed, wholly-owned Nevada subsidiary of ours (“Acquisition Sub”), pursuant to which Acquisition Sub was merged with and into Ubiquity-DE, and Ubiquity-DE, as the surviving corporation, became our wholly-owned subsidiary (the “Merger”). The merger closed on September 20, 2013. As a result of the Merger, the Company ceased its prior operations, which were insignificant and became a multimedia company focused on the intersection of cloud-based cross platform applications synchronized across all screens for enhancing the digital lifestyle. The transaction was regarded as a reverse merger whereby Ubiquity-DE was considered to be the accounting acquirer as its management retained control of the Company after the Share Exchange. As a result of this accounting treatment the historical consolidated financial statements of Ubiquity-DE, the accounting acquirer, are presented for all periods presented. Pro-forma financial information has not been provided as the amounts are insignificant. Pursuant to the terms and conditions of the Merger Agreement: ● Each share of Ubiquity-DE’s common stock issued and outstanding immediately prior to the closing of the Merger was converted into the right to receive 19,838,746 shares of our common stock. An aggregate of 19,838,746 ● Pursuant to the terms of the Merger Agreement, new members of our board of directors were appointed. Our new board of directors consists of previously the directors and officer of Ubiquity-DE The purposes of the transactions described in the Form 8-K were to complete a reverse merger and complete a recapitalization of the Company with the result being that Ubiquity-DE became a wholly-owned subsidiary. Our business operations will now focus on the business of Ubiquity-DE in the future and our management will be the management of Ubiquity-DE. Re-Audited Financial Statements The Board of Directors of Ubiquity, Inc. determined, after consultation with Company management and the Company's independent registered public accounting firm, that, based on a recent review of the Company's accounting for certain intangible assets and the valuation of certain equity instruments, that certain amounts were not properly accounted for in prior years and the related financial statements were materially misstated. Accordingly, the financial statements for the year ended December 31, 2013 and the beginning retained earnings were re-audited (see Note 13).

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary Ubiquity Broadcasting Corp., a Delaware corporation for the years ended December 31, 2014 and 2013, and the operations of Sponsor Me, Inc. (“SME”), from January 1, 2014 through December 31, 2014. The Company does not have an equity ownership in SME. However, since SME was primarily owned by officers of the Company. The Company determined that as of January 1, 2014, SME should be consolidated in with the Company’s operations. This determination was based upon the fact that the Company was the primary funding source for SME’s operations. Prior to 2014, SME funded operations through the sale of SME common stock. Effective March 31, 2015, the Company acquired SME, see Note 14 for additional information. All material inter-company accounts and transactions have been eliminated in consolidation. Generally accepted accounting principles require that if an entity is the primary beneficiary of a variable interest entity (VIE), the entity should consolidate the assets, liabilities and results of operations of the VIE in its consolidated financial statements. Ubiquity, Inc. considers itself to be the primary beneficiary of SME, and accordingly, has consolidated these entities beginning in January 2014, with the equity interests of the unaffiliated investors in SME presented as Non-controlling Interests in the accompanying consolidated financial statements. Under ASC 810-10 the Primary Beneficiary is the party that has both of the following: 1. The power to make decisions regarding the activities that most significantly impact the success of the VIE, and 2. The obligation to absorb losses or rights to receive benefits of the entity that could potentially be significant to the VIE. When multiple parties make decisions over different activities of the entity, only the party with power to direct the activities that most significantly impacts the entity’s economic performance will have satisfied the first condition. The Company, through its management and significant stockholders, has the power to direct the most significant activities of SME. Ubiquity satisfies the second condition because as the primary source of capital beginning in 2014, Ubiquity, Inc. is expected to absorb the losses that will be significant to the VIE. December 31, 2014 ASSETS CURRENT ASSETS (1) 2,137 PROPERTY AND EQUIPMENT, NET 2,746 OTHER NONCURRENT ASSETS 5,521 TOTAL ASSETS $ 10,404 LIABILITIES AND STOCKHOLDERS’ DEFICIT CURRENT LIABILITIES 134,276 LONG-TERM LIABILITIES 3,120,120 TOTAL LIABILITIES $ 3,254,396 (1) Includes cash of $2,037 at December 31, 2014, respectively, which is included in the Company’s consolidated financial statements, but is used for the operations of the VIE. Non-Controlling Interests Non-controlling interest disclosed within the consolidated statement of operations represents the minority ownership’s 100% share of net losses of SME incurred during the year ended December 31, 2014. Cash and Cash Equivalents For purposes of the accompanying consolidated financial statements, the Company considers all highly liquid instruments with an initial maturity of three months or less to be cash equivalents. Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are reported at realizable value, net of allowances for doubtful accounts, which is estimated and recorded in the period the related revenue is recorded. The Company has a standardized approach to estimate and review the collectability of its receivables based on a number of factors, including the period they have been outstanding. Historical collection and payer reimbursement experience is an integral part of the estimation process related to allowances for doubtful accounts. In addition, the Company regularly assesses the state of its billing operations in order to identify issues, which may impact the collectability of these receivables or reserve estimates. Bad debt expense was $49,355 and $25,000 for the years ended December 31, 2014 and 2013, respectively. The allowance for doubtful accounts was $70,000 and $25,000 at December 31, 2014 and 2013, respectively. Property and Equipment The capital assets are being depreciated over their estimated useful lives, three to fifteen years using the straight-line method of depreciation for book purposes. The cost of leasehold improvements is amortized over the lesser of the length of the related leases or the estimated useful lives of the assets. Maintenance and repairs are charged to operations when incurred. Betterments and renewals are capitalized. When equipment and leasehold improvements are sold or otherwise disposed of, the asset account and related accumulated depreciation account are relieved, and any gain or loss is included in operations. Software Development Costs Research and development costs are charged to expense as incurred. However, the costs incurred for the development of computer software that will be sold, leased, or otherwise marketed are capitalized when technological feasibility has been established. These capitalized costs are subject to an ongoing assessment of recoverability based on anticipated future revenues and changes in hardware and software technologies. Amortization of capitalized software development costs begins when the product is available for general release to customers and revenues are generated. Amortization is computed as the ratio of current gross revenues for a product to the total of current and anticipated future gross revenues for the product. As of December 31, 2014 and 2013, the Company had capitalized software development costs of $2,347,471 and $3,538,761, respectively, for the development of its Sprocket product. Amortization of capitalized software development costs for purchased technology that is technologically feasible at the time of purchase begins upon purchase and for internally developed costs, when the product is available for release to customers. Amortization is computed using a straight-line method over the estimated useful life of 5 years. During the years ended December 31, 2014 and 2013, the Company incurred research and development costs of $444,811 and $440,745 and amortization expense of $1,463,384 and $778,577, respectively. Intangible Assets Intangible assets are amortized using the straight-line method over periods ranging from five to fifteen years. The Company periodically evaluates the recoverability of intangible assets and takes into account events or circumstances that warrant revised estimates of useful lives or that indicate impairment exists. All of Ubiquity’s intangible assets are subject to amortization. See Note 5 for additional information. Impairment of Long-Lived Assets The Company continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell. Fair Value of Financial Instruments The Company follows the guidance of Accounting Standards Codification (“ASC”) 820: Fair Value Measurement and Disclosure. Fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. The guidance also establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs market participants would use in valuing the asset or liability and are developed based on market data obtained from sources independent of our Company. Unobservable inputs are inputs that reflect our Company’s assumptions about the factors market participants would use in valuing the asset or liability. The guidance establishes three levels of inputs that may be used to measure fair value: Level 1. Observable inputs such as quoted prices in active markets; Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and Level 3. Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. As of December 31, 2014 and 2013, we did not have any level 1, 2, or 3 assets or liabilities. Revenue Recognition The Company recognizes revenue when (i) persuasive evidence of an arrangement exists; (ii) delivery has occurred or services have been rendered; (iii) the sales price is fixed or determinable; and (iv) collectability is reasonably assured. Revenue from packaged product sales to distributors and resellers is usually recorded when related products are shipped. However, when the revenue recognition criteria required for distributor and reseller arrangements are not met, revenue is recognized as payments are received. Revenues from the licensing the rights to technology and/or patents are typically recorded when access to the technology and/or patents is provided. Cost of Revenue Cost of revenue includes the direct costs to distribute the product and the direct costs to provide online services, production, consulting, product support, licensing opportunities, training and certification of sub-contractors. Advertising Costs Advertising costs are expensed as incurred. Advertising costs were $180,882 and $85,744 for the years ended December 31, 2014 and 2013, respectively. Stock-Based Compensation The Company accounts for employee stock-based compensation in accordance with the guidance of ASC Topic 718: “Compensation - Stock Compensation”, which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the consolidated financial statements based on their fair values. The Company generally estimates the grant date fair value of stock options using the Black-Scholes option-pricing model. The Black-Scholes option-pricing model is affected by the Company’s stock price on the date of grant, the expected stock price volatility over the expected term of the award, the risk-free interest rate for the expected term of the award and expected dividends. The Company recognizes stock-based compensation expense on a straight-line basis over the service period of the award. The Company follows ASC Topic 505-50, formerly EITF 96-18, “Accounting for Equity Instruments that are Issued to Other than Employees for Acquiring, or in Conjunction with Selling Goods and Services,” for stock options and warrants issued to consultants and other non-employees. In accordance with ASC Topic 505-50, these stock options and warrants issued as compensation for services provided to the Company are accounted for based upon the fair value of the services provided or the estimated fair market value of the option or warrant, whichever can be more clearly determined. The fair value of the equity instrument is charged directly to compensation expense and additional paid-in capital over the period during which services are rendered. Common stock issued in connection with services whereby the performance is complete and for asset acquisitions are typically valued using the closing market price of the Company’s common stock on the date of the agreement. In accordance with the guidance, an asset acquired in exchange for issuance of fully vested, non-forfeitable equity instruments should not be presented or classified as an offset to equity on the grantor’s balance sheet once the equity instrument is granted for accounting purposes. Accordingly, the Company has accounted for certain issuances as prepaid assets in the accompanying consolidated balance sheets. Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. The Company’s income tax returns are based on calculations and assumptions that are subject to examination by the Internal Revenue Service and other tax authorities. In addition, the calculation of the Company’s tax liabilities involves dealing with uncertainties in the application of complex tax regulations. The Company recognizes liabilities for uncertain tax positions based on a two-step process. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount that is more than 50% likely of being realized upon settlement. While the Company believes it has appropriate support for the positions taken on its tax returns, the Company regularly assesses the potential outcomes of examinations by tax authorities in determining the adequacy of its provision for income taxes. The Company continually assesses the likelihood and amount of potential adjustments and adjusts the income tax provision, income taxes payable and deferred taxes in the period in which the facts that give rise to a revision become known. To date there have been no uncertain tax positions. Concentration of Credit Risks The Company maintains its cash and cash equivalents in bank deposit accounts, which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts; however, amounts in excess of the federally insured limit may be at risk if the bank experiences financial difficulties. Use of Estimates Preparing consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Examples include estimates of loss contingencies and product life cycles, valuation of the Company’s common stock and common stock options prior to being publically traded, and assumptions such as the elements comprising a software arrangement, including the distinction between upgrades/enhancements and new products; when the Company reaches technological feasibility for its products; the potential outcome of the future tax consequences of events that have been recognized in the Company’s consolidated financial statements or tax returns; and determining when investment impairments are other-than-temporary. Actual results and outcomes may differ from these estimates and assumptions. Earnings per Common and Common Equivalent Share The computation of basic earnings per common share is computed using the weighted average number of common shares outstanding during the year. The computation of diluted earnings per common share is based on the weighted average number of shares outstanding during the year plus common stock equivalents which would arise from the exercise of warrants outstanding using the treasury stock method and the average market price per share during the year. Options, warrants and convertible preferred stock which are common stock equivalents are not included in the diluted earnings per share calculation for December 31, 2014 and 2013, respectively, since their effect is anti-dilutive. Recently Issued Accounting Guidance In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-9, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-9”). ASU 2014-9 outlines a single comprehensive model for entities to use in accounting for revenue. Under the guidance, revenue is recognized when a company transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The standard is effective for public entities with annual and interim reporting periods beginning after December 15, 2016. Entities have the option of using either a full retrospective or a modified retrospective approach to adopt the guidance. We are currently evaluating implementation methods and the effect that implementation of this standard will have on our consolidated financial statements upon adoption. In August 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-15, Going Concern (Subtopic 205-40) (“ASU 2014-15”). ASU 2014-15 requires management of all entities to evaluate whether there are conditions and events that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the consolidated financial statements are issued (or available to be issued when applicable). The guidance is effective for fiscal years beginning after December 15, 2016 and for interim periods within that fiscal year. We do not expect the adoption of this guidance to have a material effect on our consolidated financial statements as we currently disclose that there is substantial doubt regarding our ability to continue as a going concern.

Prepaid Expenses

Prepaid Expenses	12 Months Ended
	Dec. 31, 2014
Prepaid Expenses
Prepaid Expenses	NOTE 3 - PREPAID EXPENSES Prepaid expenses consisted of the following as of December 31: December 31, 2014 December 31, 2013 Commissions $ - $ 46,309 Stock based compensation - 301,222 Short term deposits 39,433 34,003 Legal - 39,833 Miscellaneous - 1,130 Total prepaid expenses $ 39,433 $ 422,497

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
Property and Equipment	NOTE 4 - PROPERTY AND EQUIPMENT Property and equipment recorded at cost consisted of the following as of December 31: December 31, 2014 December 31, 2013 Machinery and equipment $ 486,122 $ 477,104 Office equipment 881,100 879,450 Leasehold improvements 641,599 594,199 Subtotal 2,008,821 1,950,753 Accumulated depreciation (1,257,637 ) (947,207 ) Property and equipment, net $ 751,184 $ 1,003,546 Depreciation expense was $305,965 and $257,272 for the years ended December 31, 2014 and 2013, respectively.

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	NOTE 5 - INTANGIBLE ASSETS The Company’s capitalized costs in relation to developing and acquiring intangible assets, consisted of the following as of December 31: December 31, 2014 December 31, 2013 Patents and trademarks $ 1,337,798 $ 1,117,763 Media projects 650,735 363,850 Websites 542,579 57,025 Invicta immersive property 1,950,000 1,950,000 Think Mobile Giftsender 1,652,395 1,645,875 Think Media 1,495,580 1,495,580 Biznexion 135,250 135,250 Digital Magazine 250,000 250,000 Monkeybars 2,250,000 - Subtotal, intangible assets 10,264,337 7,015,343 Accumulated amortization (3,179,267 ) (1,109,887 ) Intangible assets, net $ 7,085,070 $ 5,905,456 Additions to Intangible Assets Additions to the intangible assets primarily relate to the Company’s development of patents and trademarks, the Sprocket platform, GiftSender, Monkeybars, MOFF, and studio projects. The Company has incurred significant costs for intangible assets in the past and does not expect to see intangible costs level out or drop in the future as the Company continues to invest and develop its intellectual property. The Company analyzes these assets typically on an annual basis, during the fourth quarter, and when there are other indicating factors, see below for discuss regarding impairments recorded. On April 23, 2014, the Company entered into an asset purchase agreement (the “Monkeybars Agreement”) with Monkeybars Inc. (“Monkeybars”) whereby the Company acquired all of the assets of Monkeybars. In exchange, the Company issued to Monkeybars 1,092,233 shares of restricted common stock, which has an aggregate value of $2,250,000, based upon a market price per share of $2.06 on the date the parties entered into the Monkeybars Agreement. Monkeybars has a music platform that combines a cloud content storage, a sharing application, and social networking search technology. The Company accounted for the transaction as an asset acquisition as Monkeybars’ products acquired had yet to generate any revenues and did not constitute a business. The Company is currently evaluating the estimated life of the assets acquired but has recorded amortization expense from the date of acquisition using a five year period. The Monkey Bars software embodies Ubiquity’ claims as detailed in the company’s Lifestyle Portal Patent; Patent No. US 7,590,556 “System and Method for Providing Lifestyle Specific Information Services, and Products Over a Global Computer Network Such as the Internet” and the Virtual recording studio; ● Patent No.US 8,170,239 “Virtual Recording Studio and Virtual Visual Experience Systems,” On July 12, 2013, the Company acquired intangible assets, including the Social Mashup and IPTV, from Think Design Media Inc., a California corporation, for 683,371 shares of common stock for a total purchase price of $1,495,580, based on the approximate price of shares being issued for cash prior to the Company being a publicly traded company. The applications acquired were done so to enhance the company’s Sprocket platform. The IPTV software embodies many of the claims of the IP Streaming patent. ● Patent Application No. 13/176,313 “Video over Internet to Multiple Display Devices” (IP Streaming), Additionally on July 12, 2013, the Company acquired intangible assets, including Gift Sender, from Think Mobile, Inc., d/b/a GiftSender, a Delaware corporation, for 683,371 shares of common stock and $151,000 in cash for a total purchase price of $1,652,395, based on the approximate price of shares being issued for cash prior to the Company being a publicly traded company The applications acquired were done so to enhance the company’s Sprocket platform, by allowing the end user to more easily purchase items within the Sprocket as well as send money and gift cards to both users and non-users. The Giftsender software embodies many of the claims of the World Smart Card family of patents and the fly-buy coupon patent. ● Patent No. US 7,588,180 “Multi-Application Smart Card with Currency Exchange, Location Tracking, and Personal Identification Capabilities,” ● Patent No.US 7,913,919 “Multi Application Smartcard with Currency Exchange, Location, Tracking and Personal Identification Capabilities,” ● Patent No.US 8,479,981 “Multi-Application Smart Card with Currency Exchange, Location Tracking, and Personal Identification Capabilities,” ● Patent Application No. 11/782,448 “Fly Buy Coupon System Also on July 12, 2013, the Company acquired intangible assets, including ZoneBox, from Biznexion, Inc., a Delaware corporation, for 61,829 shares of common stock for a total purchase price of $135,250, based on the approximate price of shares being issued for cash prior to the company being a publicly traded company The applications acquired were done so to enhance the company’s Sprocket platform. The Zonebox software embodies many of the claims of the Sprocket patent Patent No.US 7,996,788 “System and Method for Navigating a Dynamic Collection of Information,” On September 30, 2013, the Company acquired intangible assets of Acosta Investments relating to the digital magazine a California Limited Liability Corporation, for 114,286 shares of common stock for a total purchase price of $250,000, based on the approximate price of shares being issued for cash prior to the Company being a publicly traded company. The shares were valued at $1,250,000 on the date of the agreement, based on the closing price of the Company’s common stock shortly after. As such the digital magazine asset was booked at $250,000 and a loss on the purchase of the digital magazine was recorded for $1,000,000. The digital magazine application (“Magazine”) is designed to give users a new interactive magazine viewing experience using videos and interactive advertising related to various products within the article. The platform has the ability to create a magazine from scratch by uploading text for articles, images, video and audio files. This digital magazine application is intended to become a blade on the Company’s Sprocket platform for distribution of news and other editorial content. The Digital Magazine software platform embodies many of the claims of the Movie Book patent and the tagging video content;Patent Application No. 13/184,687 “Movie Book,” Patent Application No. 12/721,945 “Tagging Video Content,” In 2010, Ubiquity acquired TaC Friends and associated IP for 57,143 shares of common stock valued at $31,500, based on the approximate price of shares being issued for cash around the date of acquisition. TaC Friends promotes the use of anonymous SMS and MMF messaging so people interested in social networking do not have to give up their true identity. Ubiquity anticipates that the integration of TaC friends into its Sprocket will enable users to enjoy a mobile lifestyle and the need to always be in touch and using the platform. Patent pending TaC Method of secure and anonymous MMS/MMF communications using a wide area network. Amortization expense for all intangible assets was $1,463,384 and $778,577 for the years ended December 31, 2014 and 2013, respectively. Annual Impairment Analysis The Company currently has various projects in development; however, the focus in 2014 has been on finalizing and bringing to market Sprocket. Currently, the Company is focusing its attention on technologies and functionality related to the Sprocket platform and other items, such as GiftSender, Monkeybars, MOFF, in which are expected to either be integrated with Sprocket or have a direct benefit from it. Thus, the Company has determined that Sprocket represents the primary asset as it represents the most significant component asset from which the asset group derives its cash-flow-generating capacity. At December 31, 2014 and 2013, the Company reviewed whether or not there were any indicating factors that the carry value of the Company’s intangible assets had been impaired. There were various factors in which indicated that impairment was necessary, including the lack of revenues generated from the intangibles. However, as part of this analysis, the Company reviewed the status of each project, including those considered to be within the Sprocket Asset Group, in which the intangible assets related to and the future estimated cash flows from those projects. In determining future estimated cash flows, the Company used the best current information available to them which consisted primarily of license contracts currently being negotiated, estimated costs to maintain, etc. Based upon the Company’s analysis, it was determined that impairment at December 31, 2014 and 2013 was not warranted. However, the Company did record a loss on impairment of intangible assets of ($120,530) and ($45,000) during years ended 2014 and 2013, respectively, relate to assets that were no longer being developed by the Company.

Accrued Expenses

Accrued Expenses	12 Months Ended
	Dec. 31, 2014
Payables and Accruals [Abstract]
Accrued Expenses	NOTE 6 - ACCRUED EXPENSES Accrued expenses consisted of the following as of December 31, 2014 and 2013: December 31, 2014 December 31, 2013 Salaries and wages - Ubiquity, Inc. $ 559,704 $ 1,453,884 Payroll and other taxes 1,145,125 984,831 Accrued consulting fee - BOD Member 150,000 - Accrued rent 52,558 - Other 1,967 11,886 Total current accrued expenses 1,909,354 2,450,601 Salaries and wages, long-term - Ubiquity, Inc. 1,000,000 - Salaries and wages, long-term - Sponsor Me, Inc. 3,120,120 - Total accrued expenses $ 6,029,474 $ 2,450,601 The Company’s Chief Executive Officer and Senior Executive Vice President are paid as consultants and thus the required payroll taxes are not withheld and remitted to the appropriate taxing authorities. The Company issues these individuals 1099s which represent amounts paid to them. In connection with this, the Company accrues estimated taxes and penalties due to taxing authorities in which would be potentially due if the taxing authorities were to require the Company’s to pay if the individuals were deemed employees. The Company accrues the taxes at the time in which the amounts payable to the individuals is recorded. During the years ended December 31, 2014 and 2013, the Company recorded $160,293 and $132,459, in expense. As of December 31, 2014 and 2013, total amounts accrued related to potential payroll taxes and penalties were $890,623 and $730,069, respectively. Subsequent to year-end, the Company’s Chief Executive Officer forgave accrued salary and bonuses of $1 million dollars in exchange for options to purchase 2,561,856 shares of common stock with an exercise price of $0.485 per share. The options vest immediately and have a five year life. As a result, the amount of the accrued salaries subsequently exchanged for equity has been reflected as long-term as of December 31, 2014 in the accompanying financial statements. In addition, accrued payroll taxes and penalties related to the forgiven salary and bonus of $118,000 were reclassed as the payroll amounts were not paid. Subsequent to year-end, all accrued salaries and wages plus related payroll taxes related to SME, which related primarily to officers, were forgiven in connection with the acquisition, see Note 14 for additional information. These amounts have been reflected as long-term due to the forgiveness.

Convertible Notes Payable

Convertible Notes Payable	12 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Convertible Notes Payable	NOTE 7 - CONVERTIBLE NOTES PAYABLE On November 17, 2014, Ubiquity, Inc. (the “Company”) closed a financing transaction by entering into a Purchase Agreement dated November 12, 2014 (the “Purchase Agreement”) with KBM Worldwide, Inc. (the “Purchaser”) for an aggregate principal amount of $204,000 (the “Purchase Price”). Pursuant to the Purchase Agreement, the Company issued an 8% Convertible Promissory Note (the “Note”). The Note earns an interest rate per annum equal to 8% and has a maturity date of August 14, 2015 (the “Maturity Date”). The Note is convertible any time during the period beginning on the date which is one hundred eighty (180) days following the date of the issuance on this Note and ending on the later of (i) the Maturity Date and (ii) the date of payment of the Default Amount at a conversion price equal to 50% discount to the average of the lowest three (3) trading prices for the Common Stock during the twenty (20) Trading Day period immediately prior the conversion date. The Note Conversion Price is subject to adjustment in the case of stock splits, stock dividends, combinations of shares and similar recapitalization transactions and any issuances of securities below the conversion price of the Note. Since the conversion feature is only convertible after six months, there is no derivative liability as of December 31, 2014. However, the Company will account for the derivative liability upon the passage of time and the note becoming convertible if not extinguished, as defined above. Derivative accounting applies upon the conversion feature being available to the holder, as it is variable and does not have a floor as to the number of common shares in which could be converted. Thus, if the note is not repaid prior to the note being convertible significant pressure maybe put on the Company’s stock price and additional dilution of current shareholders may take place. In the event of default, (“Event of Default”) the Purchaser has the right to require the Company to repay in cash all or a portion of the Note at a price equal to 150% of the aggregate principal amount of the Note plus all accrued and unpaid interest on the principal amount of this Note. In addition, in the event of a merger, consolidation, exchange of shares, recapitalization, reorganization or other similar event, (“Major Event”) the Purchaser has the option to treat the event as an Event of Default or may immediately convert the remaining balance on the Note and shall be entitled to receive as many shares as the Purchaser would have been entitled to immediately prior to the Major Event. Subsequent to December 31, 2014, Note payable was paid off. See Note 14 for additional convertible notes issued subsequent to year end.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 8 - RELATED PARTY TRANSACTIONS Compensation Related UBIQUITY, INC. SC Business, Inc. SC Business, Inc. (“SC”) is an entity owned by the Company’s CFO, Brenden Garrison. SC charged Ubiquity $28,758 for tax/consulting work. In order to assist the Company in accessing its credit card lines (as provided by the Carmichael family – see “Loans Payable – Related Parties” below), SC Business periodically charges the Company’s credit cards through PayPal and remits the related funds, net of fees, back to Ubiquity or to SME. The following is a summary of the transactions between the parties during the years ended December 31, 2014 and 2013: 2014 2013 Receivable from SC Business, beginning of the year $ 437,812 $ 7,358 Amount charged on Ubiquity Credit Cards by SC Business 2,619,267 1,862,267 Amounts remitted back to Ubiquity (1,673,407 ) (1,194,238 ) PayPal fees charged by SC Business (75,233 ) (43,793 ) Fees paid to SC Business for services provided in prior years - (185,782 ) Consulting fees charged by SC Business to Ubiquity $ (28,758 ) $ (8,000 ) Receivable from SC Business $ 1,279,681 (1) $ 437,812 Amounts remitted to SME (net of approximately $232,000 of amount SME owed to SC Business) $ 609,897 $ 501,950 (1) The substance of this receivable is that it is due from SME based on the balance being related to amounts remitted from Ubiquity to SME. See note 2 for related elimination of the related balance upon the acquisition of SME. Accordingly, such amounts are eliminated in the consolidation of SME. Max Gan Max Gan is an employee of the Company. Max Gan loans the company money periodically and also assists the Company in accessing its credit card lines, Max Gan periodically charges the Company’s credit cards through PayPal. Max Gan,then remits the related amount charged, net of fees, back to Ubiquity. The following is a summary of the transactions between the parties during the years ended December 31, 2014 and 2013: 2014 2013 Receivable from Max Gan, beginning of year $ 125,920 $ - Amount charged on Ubiquity Credit Cards 574,040 682,508 Amounts remitted back to Ubiquity (393,405 ) (512,754 ) PayPal fees charged (42,185 ) (23,621 ) Service fees charged $ (16,909 ) $ (20,213 ) Receivable from Max Gan, end of year $ 247,461 $ 125,920 Nicholas Mitsakos Nicholas Mitsakos C is the Company’s Co-Chairman of the Board. The Company entered into a directors retention agreement with Mitsakos on March 22, 2013 for the issuance of 250,000 shares of common stock as amended in July 2013 for the issuance of an additional 250,000 shares of common stock. Finally, the agreement was amended in December 2013, which calls for monthly payments of $25,000 beginning in January 2014. During the years ended December 31, 2014 and 2013, the Company recorded expense of $635,625 and $716,875, respectively, under the contract. As of December 31, 2014 and 2013, the cash amounts owed under the contract were $150,000 and $0, respectively. Carmichael Enterprises This entity is owned by Al Carmichael, who is the father of our CEO, Chris Carmichael. Al Carmichael is the signor for the Company’s business credit cards. In exchange for providing the Company with the access to the related credit lines, the Company pays him a monthly fee of $2,500 per month. The Company expensed the $30,000 and $30,000 in consulting fees, and owed him $10,000 and $0, in reference to a note payable at December 31, 2014 and 2013, respectively. Brittany Carmichael Brittany Carmichael is the daughter of our CEO, Chris Carmichael and provides secretarial, administrative, and marketing support for the Company. The Company expensed approximately $18,494 and $18,279 related to her salary and personal expenses charged against her salary during the year ended December 31, 2014 and 2013, respectively. The Company issued a 1099 for $18,494 and $10,516 for 2014 and 2013, respectively. Cameron Carmichael Cameron Carmichael is the son of our CEO, Chris Carmichael, and provides studio related services to the Company. The Company expensed approximately $7,320 and $7,493 related to his salary and personal expenses charged against his salary during the year ended December 31, 2014 and 2013, respectively. The Company issued a 1099 for $7,320 and $0 for 2014 and 2013, respectively. Shane Carmichael Shane Carmichael is the son of our CEO, Chris Carmichael, and provides studio related services to the Company. The Company expensed approximately $4,914 and $7,651 related to his salary personal expenses charged against his salary during the year ended December 31, 2014 and 2013, respectively. The Company issued a 1099 for $4,914 and $1,279 for 2014 and 2013, respectively. Christopher Carmichael & Connie Jordan The following is a summary of compensation paid and amounts payable to Christopher Carmichael and Connie Jordan for the year ended December 31, 2014: Christopher Carmichael Connie Jordan Accrual – December 31, 2013 $ 1,053,398 $ 181,241 Add SME – January 1, 2014 1,220,863 971,065 Annual Salary – Ubiquity, Inc. 539,400 264,400 Annual Salary – Sponsor Me, Inc. 200,000 180,000 Annual Director Fees - - Bonus - 403,010 120,943 Other 14,994 5,957 Subtotal 3,431,665 1,723,606 Payments (726,300) (1) (524,083 )(1) Accrual - December 31, 2014 $ 2,705,365 $ 1,199,523 (1) Payments do not include amounts SME paid an aggregate of approximately $61,875 and $59,850 in benefits for the years ended December 31, 2014 and 2013, respectively. Annual Salary On December 20, 2013, effective January 1, 2014, the Board of Directors approved to increase Christopher Carmichael, the Company’s CEO, annual salary from $420,000 to $525,000. Additionally, the CEO receives and accrues a medical allowance of $1,200 per month. In addition, the CEO receives an annual grant of 300,000 options prior to January 1, 2014 and 600,000 subsequently. The Company’s CFO receives an annual salary of $225,000 and an annual option grant of 150,000 shares prior to January 1, 2014 and 150,000 subsequently. The Company’s Senior Executive Vice President, Connie Jordan, received an annual salary of $250,000 during the years ended December 31, 2014 and 2013. Additionally, the Senior Executive Vice President receives and accrues a medical allowance of $1,200 per month and an annual option grant of 200,000 prior to January 1, 2014 and 300,000 subsequently. Bonus During the years ended December 31, 2014 and 2013, the CEO earned bonuses of $403,010 and $230,563, respectively, in connection with the bonus provisions of his related employment agreement (see Note 10). During the years ended December 31, 2014 and 2013, the Senior Executive Vice President earned bonuses of $120,943 and $39,168, respectively, in connection with the bonus provisions of her related employment agreement (see Note 10). The Company accounts for the bonuses as payroll expense. Accrued Amounts Payable to CEO and Senior Executive Vice President As of December 31, 2014 and 2013, amounts payable to the CEO related to the items discussed above were $1,274,852 and $1,053,398, respectively. See Note 6 for discussion related to $1,000,000 of salary and bonus payable to the CEO exchanged for options to purchase shares of the Company’s common stock. As of December 31, 2014 and 2013, amounts payable to the Senior Executive Vice President related to the items discussed above were $48,458 and $181,241, respectively. Board of Director Fees Effective July 1, 2014, the Company revised its policy for providing compensation to members of the board of directors. Each independent board member receives an annual fee off $25,000 payable annually and additional compensation annually ranging from $5,000 - $10,000 depending on the board members participation in the Company’s various committees. In addition, effective July 1, 2014, the Company officers who also reside on the board of directors do not receive compensation. As of December 31, 2013, of the board of director fees accrued, $25,000 was due to the CEO and $25,000 and $25,000 was due to the Senior Executive Vice President. During the years ended December 31, 2014 and 2013, the Company accrued $32,500 and $75,000 in such compensation which is included within accrued expenses on the accompanying balance sheet. Sponsor Me, Inc. The Company’s CEO, CFO and Senior Executive Vice President receive annual salaries of $200,000, $42,000 and $180,000, respectively, in connection with services performed for SME. As of December 31, 2014, amounts payable in connection with these salaries to the CEO, CFO and Senior Executive Vice President were $1,420,863, $247,022 and $1,151,065, respectively. Subsequent to year end all amounts, including accrued payroll taxes for which payroll wasn’t paid, were forgiven, see Note 14 for additional information. During the years ended December 31, 2014 and 2013 the related officers received payments and benefits of $172,101 and $156,850, respectively. Brittany Carmichael The Company expensed approximately $17,068 in salary during the year ended December 31, 2014 in which a 1099 was issued in the amount of $8,353 and W-2 in the amount of $8715 for secretarial, administrative, and marketing support for the Company. In addition, SME paid an aggregate of approximately $9,944 and $18,297 in benefits for the years ended December 31, 2014 and 2013, respectively.. Cameron Carmichael – The Company expensed approximately $21,876 and $24,853 in salary during the year ended December 31, 2014 and 2013, respectively, in which a 1099 was issued for services relating to content creation and distribution via the SME website. In addition SME paid an aggregate of approximately $9,499 and $9,805 in benefits for the years ended December 31, 2014 and 2013, respectively. Shane Carmichael – The Company expensed approximately $45,837 and $34,460 in salary during the year ended December 31, 2014 and 2013, respectively, in which a 1099 was issued for services relating to content creation and distribution via the SME website. In addition SME paid an aggregate of approximately $20,900 and $18,672 in benefits for the years ended December 31, 2014 and 2013, respectively. Options and Common Stock Issued to Related Parties See Note 9 for discussion of options and common stock granted to management and the board of directors during the years ended December 31, 2014 and 2013. Loans Payable - Related Parties Ubiquity, Inc. The Carmichael Family has personally guaranteed two Company credit cards and has allowed the Company use of their personal credit cards as needed. Total lines of credit personally guaranteed by the Carmichael family are up to $800,000 per month. The Company had certain notes payable outstanding to related parties as of December 31, 2014 and 2013. During the years ended December 31, 2014 and 2013, the Company borrowed $225,000 and $7,000 from Chris Carmichael for which payments were made of $232,000 and $0, respectively. As of December 31, 2014 and 2013, Christopher Carmichael was owed $0 and $7,000, respectively. The amounts were unsecured, incurred interest at 8% per annum and due on demand. During the year ended December 31, 2014, the Company recorded accrued interest of $18,418 as contributed capital as the interest on the notes payable was forgiven. The proceeds were used for operations. Albert Carmichael, a family member of the Company’s CEO, was owed $10,000 and $0 as of December 31, 2014 and 2013, respectively. The amounts are unsecured, non-interest bearing and due on demand. The proceeds were used for operations. An employee of the Company was owed $10,000 and $0 as of December 31, 2014 and 2013, respectively. The amounts are unsecured, non-interest bearing and due on demand. The proceeds were used for operations. In February 2014, the Company received a $50,000 loan from a shareholder. The proceeds from the loan were used for operations and were expected to be paid back on demand. No formal terms were ever entered into in connection with the loan. During the year ended December 31, 2014, the Company repaid the $50,000 loan and an additional $5,000 which was accounted for as interest expense. Sponsor Me, Inc. A contractor of Sponsor Me, Inc. was owed $0 and $15,000 as of December 31, 2014 and 2013, respectively. The amounts are unsecured, non-interest bearing and due on demand. The proceeds were used for operations. Max Gan an employee of Ubiquity, was owed $10,000 and $0 as of December 31, 2014 and 2013, respectively. The amounts are unsecured, non-interest bearing and due on demand. The proceeds were used for operations. SC Business a company controlled by Sponsor Me, Inc.’s CEO was owed $1,289,681 and $679,784 by SME as of December 31, 2014 and 2013, respectively. The amounts are unsecured, non-interest bearing and due on demand. The substance of the amounts due to SC Business is based on the amounts advanced from Ubiquity. Accordingly such amounts at December 31, 2014 are eliminated in consolidation. The proceeds were used for operations and are the result of advances from Ubiquity to SC Business which were then disbursed to SME (See SC Business. section above). Licensing and Revenues On August 30, 2010, Ubiquity entered into two separate Patent Licensing Agreements with Sponsor Me Inc., (“SME”) for the License of the “Immersive Advertising Patent” in the amount of $250,000, another agreement for the license of the “Lifestyle Portal” Patent in the amount of $250,000, and also a Lifestyle Portal Web and Mobile Development reimbursement agreement for the production of the SME web and mobile site. The balance due from SME to Ubiquity on these agreements was $190,915 for the year ended December 31, 2013, and included with long term receivable - related parties on the accompanying balance sheet at December 31, 2013. In 2014, the transaction was eliminated in connection with the consolidation of SME, and the unamortized asset balance was insignificant and included in other assets in the accompanying consolidated balance sheet at December 31, 2014 see Note 2 for additional information.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2014
Equity [Abstract]
Stockholders' Equity	NOTE 9 - STOCKHOLDERS’ EQUITY Reverse Stock Split On April 21, 2014, the Company received approval from the Financial Industry Regulatory Authority (“FINRA”) to effectuate a reverse split of 3.5 to 1 (the “Reverse Split”) in which each shareholder will be issued one (1) share of common stock in exchange for 3.5 shares of their currently issued common stock. The stock split has been retroactively applied to this filing. Forward Stock Split On December 13, 2013, the Company received approval from the Financial Industry Regulatory Authority (“FINRA”) to effectuate a forward split of 1 to 4 (the “Forward Split”) in which each shareholder will be issued four (4) shares of common stock in exchange for one (1) share of their currently issued common stock. The stock split has been retroactively applied to this filing. Preferred Stock During the year ended December 31, 2013, 600,000 shares of Preferred Stock were converted into 685,714 shares of common stock. There were no shares of preferred stock issued and outstanding as of December 31, 2014 and 2013. Proceeds from Sales of Common Stock During the years ended December 31, 2014 and 2013, the Company issued 10,551,572 and 6,210,057 shares of common stock for cash proceeds of $8,060,178 and $7,556,250, respectively. Common Stock Issued for Services During years ended December 31, 2014 and 2013, the Company issued 1,739,107 and 5,562,914 shares of common stock for services. The Company determined the value of such shares to be $10,568,834 and $11,872,602 for the years ended December 31, 2014 and 2013, respectively. The values were based upon the fair market value of the Company’s common stock on the date of performance, which in most cases is the agreement date. Fair value was established based upon the closing market price of the Company’s common stock after the Merger was effective . Prior to the Merger being effective, the fair market value of the Company’s common stock was determined based upon recent cash sales of the Company’s common stock. Services performed in connection with these issuances relate to assignment to the board of directors, advisory services related to listing on a national exchange, marketing, broadcasting and production related services. Included in the issuances noted above, on March 22, 2013, the Company entered into an agreement to retain a new co-chairman of the board. The agreement granted 285,714 shares of common stock valued at $0.54 per share for services to be rendered over a twelve month period. In July 2013, the agreement was amended to grant an additional 285,714 shares for services through February 2014 with a fair market value of $0.66. The value of the shares were recorded as a prepaid asset of $1,052,500 and was being amortized over the period of service. During the years ended December 31, 2014 and 2013, stock based compensation expense of $335,625 and $716,875, respectively was recorded. As of December 31, 2013 a prepaid of $335,625 remained in which was amortized during the year ended December 31, 2014. Included in the issuances noted above, during the year ended December 31, 2014, the Company granted a new member of the board of directors 331,900 shares of common stock. The shares were valued at $2,369,766 based upon the closing market price of the Company’s common stock on the date of performance, which was the date assigned to the board of directors. Options On February 1, 2013, the Company granted 71,429 stock options valued at $726,710 with exercise prices of $14.00. The options were valued on the grant dates using the Black-Scholes option-pricing model with the following assumptions: dividend yield of 0%, expected volatility of 97%, risk-free interest rates of 0.88% and expected lives of 60 months. The options were fully expensed as of December 31, 2013. All outstanding options as of September 9, 2013 were modified to an exercise price of $0. The options were revalued in accordance with ASC 718-20-35. The revaluation resulted in the recording of stock-based compensation totaling $25,021,115 recorded during the year ended December 31, 2013. All outstanding options as of September 9, 2013 were modified to an exercise price of $0. The options were revalued in accordance with ASC 718-20-35. The revaluation resulted in the recording of stock-based compensation totaling $25,021,115 during the year ended December 31, 2013. During the year ended December 31, 2013, the Company granted an aggregate 1,921,663 stock options, including the options granted on February 1, 2013, valued at $10,230,081 with exercise prices of $8.19 - $14.00. The options were valued on the grant dates using the Black-Scholes option-pricing model with the following assumptions: dividend yield of 0%, expected volatility of 97% - 111%, risk-free interest rates of 0.37 - 0.88% and expected lives of 24 - 60 months. The options were fully expensed as of December 31, 2013. During the year ended December 31, 2014, the Company granted options to purchase 2,536,321 shares of common stock to the board of directors and employees, including 850,000 to the CEO and 550,000 to the EVP for board of director and employment services; 269,331 to the CEO in connection with guarantees made on Company loans/credit cards; 32,767 to the CEO in connection with the Monkey Bars asset acquisition and 834,223 to employees and other board members. The options were valued at $3,827,938 on the grant date using the Black-Scholes option-pricing model with the following assumptions: exercise prices ranging from $0.87 to $2.41; dividend yield of 0%; expected volatility of 163%; risk-free interest rates of 0.12% and expected life of 60 months. 1,536,321 options were fully vested and expensed as of December 31, 2014. During the year ended December 31, 2014, the Company recorded $3,084,820 in compensation expense in connection with the options. The Company expects to record the remaining unamortized portion of $743,118 during the year ending December 31, 2015. The Company had the following options outstanding for the years ended December 31, 2014 and 2013: Number of Options Weighted Average Exercise Price Balance, January 1, 2013 3,228,571 $ 9.73 Granted - 2013 1,921,663 10.05 Exercised - 2013 (3,300,000 ) 9.80 Expired - 2013 - - Balance, December 31, 2013 1,850,234 $ 9.87 Granted 2,536,321 1.17 Exercised - - Expired - - Balance, December 31, 2014 4,386,555 $ 4.66 Balance, December 31, 2014 - Vested 3,386,555 $ 5.78 The aggregate intrinsic values of the options on the date of grant were $0 as the Company issues options at the then fair market value of common stock. As of December 31, 2014, all options were exercisable at prices above the fair market value of the Company’s common stock.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 10 - COMMITMENTS AND CONTINGENCIES Operating Lease On October 7, 2010, Ubiquity entered into a 5 year lease for a building in the city of Irvine, CA. In July 2014, the Company revised their lease agreement for additional square footage. Under the terms of the revised lease agreement, commencing on September 1, 2014, the minimum monthly rent will be $40,953. In addition, the revised lease agreement includes annual rent increases through expiration of January 20, 2020 and other incentives. As of December 31, 2014, the Company recorded accrued rent of $52,558 in connection with straight-lining the rent expense. The following is summary of payments under non-cancellable rent agreements as of December 31, 2014: Year ended December 31, 2015 $ 478,269 2016 517,758 2017 535,314 2018 552,864 2019 570,414 Thereafter 28,960 Total lease commitment $ 2,683,579 Employment Agreements On June 4, 2013, the Company entered into an employment agreement with Christopher Carmichael, the Company’s Chief Executive Officer, to perform the services and duties that are normally and customarily associated with this position as well as other associated duties as our Board reasonably determine (the “Carmichael Agreement”). The effective date of the Carmichael Agreement is July 1, 2013 and has a five (5) year term. The Carmichael Agreement called for an initial base salary of $420,000 payable in equal semi-monthly installments in accordance with the Company’s usual practice. The Carmichael Agreement also calls for annual cash bonuses that are equal to two and one half percent (2.5%) of the pretax gross revenue; a three percent (3%) override of gross license fees derived from the company’s products and services; five percent (5%) success fee of the gross private placement capital contributions received by the Company though tied to performance; and, a three percent (3%) override of the gross book value derived from all cashless transactions of the Company. Moreover, the Carmichael Agreement called for the grant of an option to purchase 300,000 shares of the Company’s common stock at an exercise price of $2.50 per share. As further compensation, Mr. Carmichael is awarded twenty percent of all gross revenues associated with the project known as “106 Yards”. On January 1, 2014, Christopher Carmichael’s employment contract was amended to reflect an annual base salary of $525,000 with bonus compensation of one and one half percent (1.5%) of the gross revenue of the company, a 3% gross override of license fees derived from the company’s products and or services and a five percent (5%) success fee of the gross private placement capital contributions received by the Company though tied to performance; and, a three percent (3%) override of the gross book value derived from all cashless transactions of the Company. On March 1, 2015, Christopher Carmichael modified his employment agreement to reflect the same base salary but a different bonus structure focusing on the combination and revenue performance of the Company. He also is to receive 600,000 options annually. Beginning March 1, 2015, Carmichael will receive three and a half percent (3.5%) of gross revenue from any and all corporate activities worldwide and a two and a half percent (2.5%) gross override of the book value derived from all cashless transactions. All cashless transactions are paid out as common stock. On March 15, 2012, the Company renewed an employment agreement with Connie Jordan, the Company’s Senior Executive Vice President of Intellectual Property and Transmedia, to perform the services and duties that are normally and customarily associated with this position as well as other associated duties as our Board reasonably determine (the “Jordan Agreement”). The effective date of the Jordan Agreement is March 15, 2012 and has a three (3) year term. The Jordan Agreement called for an initial base salary of $198,000 payable in equal semi-monthly installments in accordance with the Company’s usual practice. The Jordan Agreement also called for an annual cash bonus that is equal to one percent (1%) of the pretax gross revenue; and, one and one half percent (1.5%) of the net capital contributions received by the Company from strategic partners though tied to performance. Moreover, the Jordan Agreement called for the grant of an option to purchase 200,000 shares of the Company’s common stock at an exercise price of $2.50 per share. On January 1, 2014 Connie Jordan’s employment contract was amended to reflect an annual base salary of $250,000 with bonus compensation of one percent (1.%) of the gross revenue of the company, a one and a half percent (1.5%) gross override of license fees derived from the company’s products and or services and a one and a half percent (1.55%) success fee of the gross private placement capital contributions received by the Company. She also is to receive 300,000 options annually. On March 1, 2015, Connie Jordan modified her employment agreement to reflect the same base salary but a different bonus structure focusing on the revenue performance of the company. Beginning March 1, 2015, Jordan will receive one and a half percent (1.5%) of gross revenue from any and all corporate activities worldwide and a three percent (3%) gross override of revenue resulting from the successful patent prosecution, litigation, settlement or actions taken by the company. On August 15, 2013, the Company entered into an employment agreement with Brenden Garrison, the Company’s Chief Financial Officer, to perform the services and duties that are normally and customarily associated with this position as well as other associated duties as our Board reasonably determine (the “Garrison Agreement”). The Garrison Agreement called for an initial base salary of $150,000 payable in equal semi-monthly installments in accordance with the Company’s usual practice. The Garrison Agreement also calls for an annual bonus in the form of stock options to purchase 75,000 shares at an exercise price of $4.00. On January 1, 2014 Brenden Garrison’s employment contract was amended to reflect an annual base salary of $225,000 with bonus compensation of 150,000 options annually. On January 1, 2012, as amended on August 1, 2013, the Company entered into an employment agreement with Bryan Harpole (the “Harpole Agreement”) to be employed as the Company’s general studio manager on an at will basis. Mr. Harpole will receive an annual salary of $150,000 and is eligible for certain bonuses including an annual bonus in the form of stock options to purchase 75,000 shares at an exercise price of $4.00. Harpole receives a one percent (1%) gross override for all revenue relating to studio revenues. The foregoing descriptions of the terms of the Carmichael Agreement, Jordan Agreement, Garrison Agreement, and Harpole Agreement do not purport to be complete and are qualified in their entirety by reference to the provisions of such agreements filed as Exhibits 10.1 10.2, 10.3, and 10.4, respectively, are incorporated by reference herein. Other Contingencies At the time of death of the former President of Ubiquity, Gregory Crotty had accrued $93,743 in salary, 22,857 Common Shares of Ubiquity Broadcasting Corporation, and had 200,929 options to purchase Ubiquity Broadcasting Corporation Common Shares at $5.25 per share. He also had 42,857 shares of common stock issued in his name. Ubiquity will have to issue these shares and pay the balance of his accrued salary to the proper beneficiary once established. As of December 31, 2014, an established beneficiary has yet to be named. All 200,929 options expired as of December 31, 2011 and are not included in total options outstanding. During the first quarter of 2013, the Employment Development Department of the State of California (the “EDD”) notified the Company that it proposed to categorize our independent contractors as employees and proposed an assessment of additional employment taxes in the amount of $305,885, which represented a contingent liability. The Company filed a formal petition as of April 22, 2013. As of and December 31, 2014, the Company has not received a response or resolution from the EDD and the Company recorded a provision for the assessment as an accrued expense even though the Company believes the independent contractors do not meet the definition of an employee. Subsequent to December 31, 2014, in a letter from the EDD dated July 21, 2015, the EDD issued a final assessment of employment taxes in the amount of $36,128 for the period from October 1, 2009 to September 30, 2012. As resolution on all periods has not been attained, the Company has included approximately $890,363 of estimated taxes, penalties and interest in accrued expenses in the accompanying consolidated balance sheet as of December 31, 2014. Litigation Think Design Media, Inc. and Related Entities As previously disclosed in the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2014, on May 27, 2014, Think Design Media, Inc. (“TDM”), filed a lawsuit against the Company claiming breach of a December 2013 consulting contract. TDM disputes the Company’s cancellation of the consulting agreement for non-performance. On July 28, 2014, a complaint was filed by the Company as the Plaintiff against Think Mobile, Inc., Carlos E. Orellana and Ivano Stamegna (together, the “TGS Defendants”), in the Superior Court of California. The Company alleged in its complaint causes for breach of contract, breach of implied covenant of good faith and fair dealing, fraudulent inducement, intentional interference with contractual relations, intentional interference with prospective economic advantage and conversion. The Company alleged that the terms of the TGS Agreement were violated by the TGS Defendants and the TGS Defendants failed to enter into the Agreement in good faith. On September 25, 2014, a complaint was filed by the Company as the Plaintiff against Think Design Media, Inc., Biznexion, Inc., Acosta Investments, LLC, Carlos Orellana, Ivano Stamegna, Anthony Cesare and other defendants in the Superior Court of California, County of Orange. The Company alleged that the TDM Defendants never had any intention to fulfill the terms of the Agreements and instead improperly acquired and disclosed the Company’s trade secrets. The Company alleged in its complaint that the TDM Defendants’ actions constitute fraud, conversion, misappropriation of trade secrets, trademark infringement, breach of contract, fraudulent transfer, unfair competition, and violation of the Racketeer Influenced and Corrupt Organizations Act. On February 26, 2015, the Company, Think Mobile, Inc., Think Design Media, Inc. and all other parties to the lawsuits submitted to the Superior Court of California, County of Orange a request for dismissal of all actions between the parties, after executing a Confidential Settlement Agreement and Release (the “Agreement”). As part of the Agreement, the lawsuits were settled and the Company obtained a full release from all defendants to such lawsuits. Other On October 10, 2014, the Company was served with a complaint filed on June 13, 2014 by a former consultant against the Company, in the Superior Court of Arizona, Maricopa County. The complaint alleges that the consultant was to receive warrants to purchase 1,142,857 shares of common stock as a commencement fees for services in which commenced on December 15, 2006. The Company believes the claim is without merit; in addition, the statute of limitations has passed. The Company does not believe that a loss is probable and no accrual for loss contingency has been made. On or about July 2014 the Company filed a demand for Arbitration with JAMS against Lawrence E. Castro (“Castro”) for breach of the settlement agreement dated August 19, 2013 which was executed to settle and resolve a dispute between the Company and Castro regarding a prior “Work for Hire” relationship between the parties. By way of the settlement Castro received monetary compensation in exchange for providing certain agreements and assurances designed to protect certain intellectual property, business plan, road maps, vendors, investor relationships, employee relationships, contractors and work in progress. The Complaint filed by the company alleges that Castro breached the settlement agreement and is seeking damages in the amount of $176,763 representing a refund of what the Company has paid to Castro, injunctive relief, actuals losses incurred by Castro’s breach, and damages for unjust enrichment including expenses and other damages. Financing On November 10, 2014, the Company engaged Deutsche Bank Securities Inc. to perform such financial advisory and investment banking services as Client reasonably and specifically requests and as Deutsche Bank agrees. Deutsche Bank is engaged on a non-exclusive basis to provide advisory and investment banking services with respect to the exploration of strategic alternatives that may lead to a possible transaction, through sale, merger, joint venture or otherwise, whether effected in a single transaction or a series of related transactions, in which 40% or more of the voting power of Client or all or a substantial portion of its business or assets are combined with or transferred to any company that is an acquisition target or another person or entity.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 11 - INCOME TAXES For the years ended December 31, 2014 and 2013, the Company incurred net losses and therefore has no tax liability. The Company began operations in 2007 and had net operating loss carry-forwards of approximately that will be carried forward and can be used through the year 2034 to offset future taxable income. In the future, the cumulative net operating loss carry-forward for income tax purposes may differ from the cumulative financial statement loss due to timing differences between book and tax reporting. The provision for Federal income tax consists of the following for the years ended December 31, 2014 and 2013: 2014 2013 Income tax benefit attributable to: Net loss $ (8,396,722 ) $ (18,924,559 ) Permanent differences 4,794,619 15,907,978 Valuation allowance 3,602,103 3,016,581 Net provision for income tax $ - $ - The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows as of December 31, 2014 and 2013: 2014 2013 Deferred tax asset attributable to: Net operating loss carryover $ 26,153,095 $ 22,550,993 Valuation allowance (26,153,095 ) (22,550,993 ) Net deferred tax asset $ - $ - Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry forwards may be limited as to use in future years. The Company has identified the United States Federal tax returns as its “major” tax jurisdiction. The United States Federal return years 2010 through 2014 are still subject to tax examination by the United States Internal Revenue Service; however, we do not currently have any ongoing tax examinations. The Company is subject to examination by the California Franchise Tax Board for the years ended 2010 through 2014 and currently does not have any ongoing tax examinations.

Going Concern

Going Concern	12 Months Ended
	Dec. 31, 2014
Going Concern
Going Concern	NOTE 12 - GOING CONCERN The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As shown in the accompanying consolidated financial statements, the Company has negative working capital, has incurred operating losses each of the past two years, and has not yet produced continuing revenues from operations. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event that the Company cannot continue as a going concern. The Company is currently in various negotiations for the licensing of their Sprocket product line, however, no formal terms have been agreed upon. To date revenues from licensing agreements have not been sufficient to fund operations. Thus, until the Company can generate sufficient cash flows to fund operations, the Company is dependent on raising additional capital through debt and/or equity transactions. In addition, the Company may have to renegotiate current convertible debt obligations, reduce certain overhead costs through the deferral of salaries and other means, and settle liabilities through negotiation. Currently, the Company does not have any commitments or assurances for additional capital, other than disclosed above, nor can the Company provide assurance that such financing will be available to it on favorable terms, or at all. If, after utilizing the existing sources of capital available to the Company, further capital needs are identified and the Company is not successful in obtaining the financing, it may be forced to curtail its existing or planned future operations. Subsequent to year end, the Company raised $2,165,975 in convertible notes payable. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to attain a satisfactory level of profitability and obtain suitable and adequate financing. There can be no assurance that management’s plan will be successful.

Re-audited Balances

Re-audited Balances	12 Months Ended
	Dec. 31, 2014
Re-audited Balances
Re-audited Balances	NOTE 13 – RE-AUDITED BALANCES The Board of Directors of Ubiquity, Inc. determined, after consultation with Company management and the Company's independent registered public accounting firm, that, based on a recent review of the Company's accounting for certain intangible assets and the valuation of certain equity instruments, that certain amounts were not properly accounted for in prior years and the related financial statements were materially misstated. Accordingly, the financial statements for the year ended December 31, 2013 and the beginning retained earnings were re-audited. The following is a summary of the changes in balances from the Company’s previously issued audited financials for the year ended December 31, 2013 compared to the audited balance contained in the accompanying consolidated financial statements. Originally Filed As Filed Herein December 31, 2013 Adjustments December 31, 2013 Prepaid expenses $ 121,275 $ 335,625 (A) $ 422,497 (34,403 ) (B) Loans receivable - related parties - 754,647 (C) 754,647 Other current assets 754,914 (754,647 ) (C) 267 Other assets - 34,403 (B) 34,403 Intangible assets, net 14,151,440 (5,826,321 ) (D) 5,905,456 (2,225,000 ) (E) (440,745 ) (F) 246,082 (G) Total assets $ 16,143,580 $ (7,910,359 ) $ 8,233,221 Common stock $ 92,069 $ (950 ) (L) $ 91,119 Additional paid-in capital 126,142,077 (2,075,000 ) (E) 127,484,313 1,197,457 (H) 778,408 (I) 914,190 (A) 494,731 (J) 31,500 (K) 950 (L) Deferred stock-based compensation (312,500 ) 312,500 (A) - Accumulated deficit (113,474,618 ) (5,826,321 ) (D) (123,038,763 ) (31,500 ) (K) (3,706,324 ) Total stockholders’ equity $ 12,447,028 (7,910,359 ) $ 4,536,669 Statement of Operations: Originally Filed As Filed Herein Year Ended Year Ended December 31, 2013 Adjustments December 31, 2013 Outside and development services $ 362,179 $ 440,745 (F) $ 802,924 Payroll expense 2,374,799 494,731 (J) 2,869,530 Stock-based compensation 43,921,242 1,197,457 (H) 46,788,172 778,408 (I) 891,065 (A) Depreciation and amortization 1,281,931 (246,082 ) (G) 1,035,849 Loss on acquisition of intangible assets 850,000 150,000 (E) 1,000,000 Net loss $ (51,954,143 ) $ (3,706,324 ) $ (55,660,467 ) Basic and diluted loss per share $ (0.73 ) $ (0.80 ) Weighted average shares outstanding 70,784,329 (950,000 ) (L) 69,834,329 Statement of Cash Flows: Originally Filed As Filed Herein Year Ended Year Ended December 31, 2013 Adjustments December 31, 2013 Net loss $ (51,954,143 ) (3,706,324 ) $ (55,660,467 ) Depreciation and amortization 1,281,931 (246,082 ) (G) 1,035,849 Impairment expense 45,000 1,000,000 (E) 1,045,000 Stock-based compensation 43,921,242 1,197,457 (H) 46,788,172 778,408 (I) 891,065 (A) Prepaid expenses 39,719 34,403 (B) 74,122 Other current assets (538,475 ) 538,475 (C) - Net cash used in operating activities $ (6,708,896 ) $ 487,402 $ (6,221,494 ) Originally Filed As Filed Herein Year Ended Year Ended December 31, 2013 Adjustments December 31, 2013 Loans to related parties $ - (538,475 ) (C) $ (538,475 ) Other assets - (34,403 ) (B) (34,403 ) Acquisition of intangible assets (121,346 ) (850,000 ) (E) (530,601 ) 440,745 (F) Net cash used in investing activities $ (358,871 ) $ (1,422,878 ) $ (1,781,749 ) Originally Filed As Filed Herein Year Ended Year Ended December 31, 2013 Adjustments December 31, 2013 Equity issuance costs $ (494,731 ) 494,731 (J) $ - Net cash used in financing activities $ 7,056,021 $ 494,731 $ 7,550,752 Originally Filed As Filed Herein Year Ended Year Ended December 31, 2013 Adjustments December 31, 2013 Non-cash investing and financing activities: Value of common shares issued for assets $ 6,482,501 $ (2,075,000 ) (E) $ 4,407,501 Conversion of preferred stock into common stock $ - $ 685 $ 685 Common stock recorded as a prepaid $ - $ 1,052,500 (A) $ 1,052,500 The following is a description of the Amended December 31, 2013 as filed herein. (A) To correct stock based compensation related to common stock issued for services. Initially, the Company estimated value of the fair market value of the Company’s common stock at prices ranging from $0.54 - $1.14, which was based upon a mix of amounts per a proposed private placement in which was being circulated and other. However, actual sales of common stock at the time of the grants were at much lower amounts ranging from $0.54 - $0.66 per share. This decrease was offset by shares in which were incorrectly valued at lower price in which additional shares were issued during the forward 4:1 stock split. These individuals received more shares than the prorata 4:1 split. Thus, the additional shares needed to be valued. The change in the fair market value of the Company’s common stock increased additional paid in capital by $914,190 and stock based compensation by $891,065. Included within this amount, was a services agreement with Nick Mitsakos with a one year term. Initially, the Company recorded the unamortized portion of $312,500 as deferred stock based compensation. To correct, the Company recorded the remaining amortization as a prepaid, amortizing over the term of the agreement. The adjustment increased prepaid expenses by $335,625 at December 31, 2014. In addition, the transaction resulted in a correction to the cash flow statement in which a non-cash financing transaction was reflected. (B) To correct lease deposits in which were incorrectly recorded as current assets. The Company reclassed $34,403 in lease deposits to other assets as term of corresponding leases are greater than one year. The correction impacted the cash flow as the amounts expended during the year of $34,403 were changed to reflect them as an investing activity. (C) To reclass loans from related parties of $754,647 to its own line item on the accompanying consolidated balance sheet. Previously these amounts were incorrectly classified within other current assets. The reclass did not have an impact on the accompanying consolidated statement of operations but did impact the consolidated cash flow statement for amounts advanced during the year of $538,475 which should have been reflected as investing activities. Immediately prior to their resignation, the Company’s former independent registered accounting firm indicated that the balances of the Company’s intangible assets were possibly materially misstated and that impairments recorded during the year ended December 31, 2014, should have possibly recorded in prior years. In connection, with this communication the Company reviewed all intangible assets from inception to determine if the correct accounting guidance was followed and whether or not an error existed. Based upon this review the Company concluded that 1) The expected life of 15 years for technology related intangibles should have been five years which mirrored the period in which the Company expected to realize the benefit of such intangibles and; 2) A significant amount of costs related to the development of the Company’s products incurred prior to December 31, 2012 should have been expensed rather than capitalized as the technical feasibility stage had not been met; and 3) and some of the projects in which were put on hold, due to new projects or change in focus, should have been impaired due to the lack of expected cash flows to support such. The following adjustments were recorded: (D) To correct the carrying value of intangible assets and the related amortization. Prior to December 31, 2012, the Company either incorrectly capitalized costs or amortized them over an incorrect period. At December 31, 2012, the Company reduced net intangible assets by $5,826,321 with the offset to retained earnings. (E) To correct the fair market value of common stock issued for asset acquisitions. The Company initially recorded the fair market value of common stock issued for these assets based upon the traded price of the predecessor’s stock price prior to the reverse merger with the Company. At the time of acquisition, the Company was selling its common stock at prices ranging from $0.54 - $0.66 through private placements. The adjustment reduced the fair value of the common stock issued by $2,225,000, reducing the asset value and equity. In addition, $150,000 was expensed as additional loss on acquisition of intangible assets due to the underlying stock being valued $150,000 less than initially recorded. Initially, the cash flow statement did not reflect the day one impairment of assets received. Thus, the cash flow statement was corrected to reflect an impairment loss of $1,000,000 and $850,000 in investing activities. In addition, non-cash investing activities decreased by $2,075,000, the amount recorded to additional-paid in capital. (F) To expense items incorrectly capitalized as intangible assets. Based upon the Company’s analysis of cost capitalized during the year ended December 31, 2013, it was determined that $440,745 of costs previously capitalized should be expensed as they did not meet the asset capitalization criteria. The correction lowered intangible assets and increased the net loss by approximately $440,745. (G) To correct amortization expense on intangible assets. The Company lowered amortization expense for the year ended December 31, 2013 by $246,082. The decrease was primarily due to the reduction in carrying value of the intangible assets prior to December 31, 2012, offset by a decrease in estimated life of such asset from fifteen to five year. (H) To correct stock based compensation related to options granted to management and employees. The Company uses the Black Scholes model to value. Initially the model included the estimated value of the fair market value of the Company’s common stock at a price in which was less than the actual fair market value of the Company’s common stock based upon recent private placements and the closing market price. The change in the fair market value of the Company’s common stock required $1,197,457 in additional compensation. (I) To correct stock based compensation related to options in which were modified. The Company uses the Black Schoels model to value the value of the options immediately before and after the modification. Initially the model included the estimated value of the fair market value of the Company’s common stock at a price in which was less than the actual fair market value of the Company’s common stock based upon recent private placements and the closing market price. The change in the fair market value of the Company’s common stock required $778,408 in additional compensation. (J) To correct bonuses recorded as an offset to equity rather than expense. The bonuses were based upon a percent of capital raised and payable to Christopher Carmichael and Connie Jordan. Previously, the bonuses had been recorded as an offset to the proceeds recorded within additional paid in capital. The correction increased the net loss for the year ended December 31, 2013 by $494,731. (K) To correct the value of common stock issued initial recorded in 2013 for assets acquired prior to December 31, 2012. (L) To correct the par value of shares incorrectly shown as outstanding as of December 31, 2013 in which were never issued. The shares were not split effected during the 4:1 forward split and thus causing the error. In addition, the item had an impact on the weighted average shares outstanding of approximately 950,000 common shares.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
Subsequent Events	NOTE 14 - SUBSEQUENT EVENTS Cancelation of Underwriting Agreement On January 26, 2015, we determined that we would no longer actively pursue a firm commitment underwritten offering under the terms of the Registration Rights Agreement (the “Agreement”) that became effective on September 25, 2014 by and among the Company and holders of the Company’s Restricted Common Stock parties to the Agreement. Accordingly, we did not enter into an agreement with a lead underwriter as required under the terms of the Agreement to continue the Agreement. There are no termination penalties or similar amounts. We have concluded that pursuing a registered offering at this time under current market conditions would cause a dilution to our shareholders, which would not be in the best interests of the shareholders. Conversant, Inc. Acquisition and Subsequent Termination On January 27, 2015, Ubiquity entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Ubiquity Merger Sub, Inc., a wholly owned subsidiary of Ubiquity (“Merger Sub”), and Coversant, Inc. (“Coversant”), providing for the merger of Merger Sub with and into Coversant (the “Merger”), with Coversant surviving the Merger as a wholly owned subsidiary of Ubiquity. Coversant’s SoapBox platform is an Internet of Things Service Bus (IoT-SB) that securely and efficiently connects things (devices, sensors, actuators) to humans, applications and databases for analysis and controls of devices. SoapBox is designed to federate disparate systems and allow organizations to utilize current legacy equipment that are not able to communicate with each other to now do so with, in most cases, not having to upgrade hardware or software on the systems themselves. The shares of Coversant common stock issued and outstanding immediately prior to the effective date shall be converted into the right to receive an aggregate of 13,242,334 shares of Ubiquity’s Common Stock (the “Merger Consideration”). The Merger Consideration were to be distributed among the shareholders of Coversant on a pro rata basis. On the terms and subject to the conditions set forth in the Merger Agreement, at the Effective Time, each option (or portion thereof), whether vested or unvested, for Coversant shares that is outstanding and unexercised as of immediately prior to the Effective Time shall terminate. At least 15 days prior to the Effective Time, Coversant was to provide each holder of a such an option with written or electronic notice that said option was to be fully exercisable for 15 days from the date of the notice and that the option will terminate on the expiration of the 15-day period. The Merger will not be finalized unless the Parties are satisfied with the results of their respective due diligence. Consummation of the Merger is also subject to certain customary conditions. The Merger Agreement contains representations and warranties by each of Ubiquity, Merger Sub and Coversant. These representations and warranties were made solely for the benefit of the parties to the Merger Agreement. The Merger Consideration was not issued to the Conversant shareholders pending the completion of the required audit of Conversant. On or around June 8, 2015, the Company’s financial team determined that they are unable to prepare financial statements for Coversant sufficient for an audit, based on the financial information provided by Coversant. Due to the fact, that the Company is not able to file the audited financial statements as required by Form 8-K, Item 9, Paragraph (a)(4), on June 8, 2015 the Company informed the former CEO of Conversant that the Merger Agreement was terminated and that the Company will be taking the necessary steps to unwind the transaction. The Company had not taken any steps to integrate Conversant into the operations of the Company, and the Company has not yet utilized any of the assets of Conversant or combined the financial results of Conversant into the financials of the Company. The Company believes that the termination of the Merger Agreement will not have a material effect on its operations. Sponsor Me, Inc. Acquisition On December 31, 2014, effective March 31, 2015, the “Company” entered into a Share Exchange Agreement (the “Agreement”) with Sponsor Me, Inc. (“Sponsor Me”), a Nevada corporation, and a related party, which resulted in the acquisition of 100% of the issued and outstanding equity securities of Sponsor Me. Pursuant to the terms of the Agreement, The Company acquired all of the outstanding capital stock of Sponsor Me from the Sponsor Me shareholders for an aggregate of 3,878,467 shares, or 3.59% of the Company’s common stock. In addition, in connection with the transaction, the Company forgave notes accounts/receivables due from Sponsor Me and SC Business, Inc. Sponsor Me is a new kind of digital publishing company that combines expert editorial with ecommerce for distribution on mobile and social platforms. Sponsor Me, Inc. is considered a related party. Brenden Garrison is the CEO of Sponsor Me and is also the CFO of the Company. Christopher Carmichael is a consultant of Sponsor Me and is also the CEO of the Company, and Connie Jordan is a consultant and a director of Sponsor Me, and is also Senior Executive Vice president of the Company. In addition, Sponsor Me has a similar shareholder group including the Company’s CEO and EVP. Thus, the Company expects to account for the acquisition of Sponsor Me as an entity under common control using the carry over basis related to Sponsor Me’s assets and liabilities. Convertible Notes Payable Subsequent to December 31, 2014 through the date of this filing, the Company received $2,165,975 in proceeds from convertible notes payable. The convertible notes payable are either convertible upon issuance or six months from such date, incur interest rates ranging from 8-12%, have conversion rates with discounts to market ranging from 35-45% and mature within six to 24 months. The terms of the notes are substantially similar to those disclosed in Note 7. Each financing was an exempt private placement with offers and sales made only to “accredited investors” without the use of public advertising and without registration under the Securities Act in reliance on the exemptions provided by Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder and in reliance on similar exemptions under applicable state laws. Sales of Common Stock Subsequent to December 31, 2014, the Company issued approximately 17,243,000 shares of common stock for cash proceeds of $1,520,500. Each sale was made pursuant to a Securities Purchase Agreement the Company has used for previous sales of its common stock and containing terms, conditions, representations, and warranties typically found in similar transactions. Each sale was an exempt private placement with offers and sales made only to “accredited investors” without the use of public advertising and without registration under the Securities Act in reliance on the exemptions provided by Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder and in reliance on similar exemptions under applicable state laws. Accrued Salary and Bonus to CEO See Note 6, for discussion related to exchange of stock options for accrued salary and bonus due to the CEO. Series A Preferred Stock In February 2015, the board of directors approved the designation of 500 shares of preferred stock, par value $0.001 per share, of the Company as Series A Preferred Stock. The Series A Preferred stock receive no dividends or liquidation preferences. Each share is entitled to the equivalent of 1,000,000 votes of common stock. On March 6, 2015, the Company issued the CEO and the SEVP 250 shares each of Series A Preferred Stock. Other In accordance with ASC 855-10, the Company has analyzed its operations subsequent to December 31, 2014 through the date these consolidated financial statements were issued and has determined that it does not have any material subsequent events to disclose other than the events described above. On July 9, 2015, Ubiquity, Inc. (the “Company”) paid in full the remaining principal and accrued interest, in the total amount of $162,552.43, due under the Company’s Promissory Note issued in favor of LG Capital Funding LLC, dated as of January 12, 2015. In connection with the payoff of the Promissory Note, we entered into a Payoff and Termination Letter (the “Letter”). Pursuant to the Letter, the Promissory Note terminated as of and on July 9, 2015. The foregoing description of the Letter does not purport to be complete and is qualified in its entirety by the terms and conditions of the Letter. A copy of the Letter is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary Ubiquity Broadcasting Corp., a Delaware corporation for the years ended December 31, 2014 and 2013, and the operations of Sponsor Me, Inc. (“SME”), from January 1, 2014 through December 31, 2014. The Company does not have an equity ownership in SME. However, since SME was primarily owned by officers of the Company. The Company determined that as of January 1, 2014, SME should be consolidated in with the Company’s operations. This determination was based upon the fact that the Company was the primary funding source for SME’s operations. Prior to 2014, SME funded operations through the sale of SME common stock. Effective March 31, 2015, the Company acquired SME, see Note 14 for additional information. All material inter-company accounts and transactions have been eliminated in consolidation. Generally accepted accounting principles require that if an entity is the primary beneficiary of a variable interest entity (VIE), the entity should consolidate the assets, liabilities and results of operations of the VIE in its consolidated financial statements. Ubiquity, Inc. considers itself to be the primary beneficiary of SME, and accordingly, has consolidated these entities beginning in January 2014, with the equity interests of the unaffiliated investors in SME presented as Non-controlling Interests in the accompanying consolidated financial statements. Under ASC 810-10 the Primary Beneficiary is the party that has both of the following: 1. The power to make decisions regarding the activities that most significantly impact the success of the VIE, and 2. The obligation to absorb losses or rights to receive benefits of the entity that could potentially be significant to the VIE. When multiple parties make decisions over different activities of the entity, only the party with power to direct the activities that most significantly impacts the entity’s economic performance will have satisfied the first condition. The Company, through its management and significant stockholders, has the power to direct the most significant activities of SME. Ubiquity satisfies the second condition because as the primary source of capital beginning in 2014, Ubiquity, Inc. is expected to absorb the losses that will be significant to the VIE. December 31, 2014 ASSETS CURRENT ASSETS (1) 2,137 PROPERTY AND EQUIPMENT, NET 2,746 OTHER NONCURRENT ASSETS 5,521 TOTAL ASSETS $ 10,404 LIABILITIES AND STOCKHOLDERS’ DEFICIT CURRENT LIABILITIES 134,276 LONG-TERM LIABILITIES 3,120,120 TOTAL LIABILITIES $ 3,254,396 (1) Includes cash of $2,037 at December 31, 2014, respectively, which is included in the Company’s consolidated financial statements, but is used for the operations of the VIE.
Non-Controlling Interests	Non-Controlling Interests Non-controlling interest disclosed within the consolidated statement of operations represents the minority ownership’s 100% share of net losses of SME incurred during the year ended December 31, 2014.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of the accompanying consolidated financial statements, the Company considers all highly liquid instruments with an initial maturity of three months or less to be cash equivalents.
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are reported at realizable value, net of allowances for doubtful accounts, which is estimated and recorded in the period the related revenue is recorded. The Company has a standardized approach to estimate and review the collectability of its receivables based on a number of factors, including the period they have been outstanding. Historical collection and payer reimbursement experience is an integral part of the estimation process related to allowances for doubtful accounts. In addition, the Company regularly assesses the state of its billing operations in order to identify issues, which may impact the collectability of these receivables or reserve estimates. Bad debt expense was $49,355 and $25,000 for the years ended December 31, 2014 and 2013, respectively. The allowance for doubtful accounts was $70,000 and $25,000 at December 31, 2014 and 2013, respectively.
Property and Equipment	Property and Equipment The capital assets are being depreciated over their estimated useful lives, three to fifteen years using the straight-line method of depreciation for book purposes. The cost of leasehold improvements is amortized over the lesser of the length of the related leases or the estimated useful lives of the assets. Maintenance and repairs are charged to operations when incurred. Betterments and renewals are capitalized. When equipment and leasehold improvements are sold or otherwise disposed of, the asset account and related accumulated depreciation account are relieved, and any gain or loss is included in operations.
Software Development Costs	Software Development Costs Research and development costs are charged to expense as incurred. However, the costs incurred for the development of computer software that will be sold, leased, or otherwise marketed are capitalized when technological feasibility has been established. These capitalized costs are subject to an ongoing assessment of recoverability based on anticipated future revenues and changes in hardware and software technologies. Amortization of capitalized software development costs begins when the product is available for general release to customers and revenues are generated. Amortization is computed as the ratio of current gross revenues for a product to the total of current and anticipated future gross revenues for the product. As of December 31, 2014 and 2013, the Company had capitalized software development costs of $2,347,471 and $3,538,761, respectively, for the development of its Sprocket product. Amortization of capitalized software development costs for purchased technology that is technologically feasible at the time of purchase begins upon purchase and for internally developed costs, when the product is available for release to customers. Amortization is computed using a straight-line method over the estimated useful life of 5 years. During the years ended December 31, 2014 and 2013, the Company incurred research and development costs of $444,811 and $440,745 and amortization expense of $1,463,384 and $778,577, respectively.
Intangible Assets	Intangible Assets Intangible assets are amortized using the straight-line method over periods ranging from five to fifteen years. The Company periodically evaluates the recoverability of intangible assets and takes into account events or circumstances that warrant revised estimates of useful lives or that indicate impairment exists. All of Ubiquity’s intangible assets are subject to amortization. See Note 5 for additional information.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company follows the guidance of Accounting Standards Codification (“ASC”) 820: Fair Value Measurement and Disclosure. Fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. The guidance also establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs market participants would use in valuing the asset or liability and are developed based on market data obtained from sources independent of our Company. Unobservable inputs are inputs that reflect our Company’s assumptions about the factors market participants would use in valuing the asset or liability. The guidance establishes three levels of inputs that may be used to measure fair value: Level 1. Observable inputs such as quoted prices in active markets; Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and Level 3. Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. As of December 31, 2014 and 2013, we did not have any level 1, 2, or 3 assets or liabilities.
Revenue Recognition	Revenue Recognition The Company recognizes revenue when (i) persuasive evidence of an arrangement exists; (ii) delivery has occurred or services have been rendered; (iii) the sales price is fixed or determinable; and (iv) collectability is reasonably assured. Revenue from packaged product sales to distributors and resellers is usually recorded when related products are shipped. However, when the revenue recognition criteria required for distributor and reseller arrangements are not met, revenue is recognized as payments are received. Revenues from the licensing the rights to technology and/or patents are typically recorded when access to the technology and/or patents is provided.
Cost of Revenue	Cost of Revenue Cost of revenue includes the direct costs to distribute the product and the direct costs to provide online services, production, consulting, product support, licensing opportunities, training and certification of sub-contractors.
Advertising Costs	Advertising Costs Advertising costs are expensed as incurred. Advertising costs were $180,882 and $85,744 for the years ended December 31, 2014 and 2013, respectively.
Stock-Based Compensation	Stock-Based Compensation The Company accounts for employee stock-based compensation in accordance with the guidance of ASC Topic 718: “Compensation - Stock Compensation”, which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the consolidated financial statements based on their fair values. The Company generally estimates the grant date fair value of stock options using the Black-Scholes option-pricing model. The Black-Scholes option-pricing model is affected by the Company’s stock price on the date of grant, the expected stock price volatility over the expected term of the award, the risk-free interest rate for the expected term of the award and expected dividends. The Company recognizes stock-based compensation expense on a straight-line basis over the service period of the award. The Company follows ASC Topic 505-50, formerly EITF 96-18, “Accounting for Equity Instruments that are Issued to Other than Employees for Acquiring, or in Conjunction with Selling Goods and Services,” for stock options and warrants issued to consultants and other non-employees. In accordance with ASC Topic 505-50, these stock options and warrants issued as compensation for services provided to the Company are accounted for based upon the fair value of the services provided or the estimated fair market value of the option or warrant, whichever can be more clearly determined. The fair value of the equity instrument is charged directly to compensation expense and additional paid-in capital over the period during which services are rendered. Common stock issued in connection with services whereby the performance is complete and for asset acquisitions are typically valued using the closing market price of the Company’s common stock on the date of the agreement. In accordance with the guidance, an asset acquired in exchange for issuance of fully vested, non-forfeitable equity instruments should not be presented or classified as an offset to equity on the grantor’s balance sheet once the equity instrument is granted for accounting purposes. Accordingly, the Company has accounted for certain issuances as prepaid assets in the accompanying consolidated balance sheets.
Income Taxes	Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. The Company’s income tax returns are based on calculations and assumptions that are subject to examination by the Internal Revenue Service and other tax authorities. In addition, the calculation of the Company’s tax liabilities involves dealing with uncertainties in the application of complex tax regulations. The Company recognizes liabilities for uncertain tax positions based on a two-step process. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount that is more than 50% likely of being realized upon settlement. While the Company believes it has appropriate support for the positions taken on its tax returns, the Company regularly assesses the potential outcomes of examinations by tax authorities in determining the adequacy of its provision for income taxes. The Company continually assesses the likelihood and amount of potential adjustments and adjusts the income tax provision, income taxes payable and deferred taxes in the period in which the facts that give rise to a revision become known. To date there have been no uncertain tax positions.
Concentration of Credit Risks	Concentration of Credit Risks The Company maintains its cash and cash equivalents in bank deposit accounts, which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts; however, amounts in excess of the federally insured limit may be at risk if the bank experiences financial difficulties.
Use of Estimates	Use of Estimates Preparing consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Examples include estimates of loss contingencies and product life cycles, valuation of the Company’s common stock and common stock options prior to being publically traded, and assumptions such as the elements comprising a software arrangement, including the distinction between upgrades/enhancements and new products; when the Company reaches technological feasibility for its products; the potential outcome of the future tax consequences of events that have been recognized in the Company’s consolidated financial statements or tax returns; and determining when investment impairments are other-than-temporary. Actual results and outcomes may differ from these estimates and assumptions.
Earnings per Common and Common Equivalent Share	Earnings per Common and Common Equivalent Share The computation of basic earnings per common share is computed using the weighted average number of common shares outstanding during the year. The computation of diluted earnings per common share is based on the weighted average number of shares outstanding during the year plus common stock equivalents which would arise from the exercise of warrants outstanding using the treasury stock method and the average market price per share during the year. Options, warrants and convertible preferred stock which are common stock equivalents are not included in the diluted earnings per share calculation for December 31, 2014 and 2013, respectively, since their effect is anti-dilutive.
Recently Issued Accounting Guidance	Recently Issued Accounting Guidance In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-9, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-9”). ASU 2014-9 outlines a single comprehensive model for entities to use in accounting for revenue. Under the guidance, revenue is recognized when a company transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The standard is effective for public entities with annual and interim reporting periods beginning after December 15, 2016. Entities have the option of using either a full retrospective or a modified retrospective approach to adopt the guidance. We are currently evaluating implementation methods and the effect that implementation of this standard will have on our consolidated financial statements upon adoption. In August 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-15, Going Concern (Subtopic 205-40) (“ASU 2014-15”). ASU 2014-15 requires management of all entities to evaluate whether there are conditions and events that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the consolidated financial statements are issued (or available to be issued when applicable). The guidance is effective for fiscal years beginning after December 15, 2016 and for interim periods within that fiscal year. We do not expect the adoption of this guidance to have a material effect on our consolidated financial statements as we currently disclose that there is substantial doubt regarding our ability to continue as a going concern.

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Summary of significant of Variable Interest Entities	Ubiquity satisfies the second condition because as the primary source of capital beginning in 2014, Ubiquity, Inc. is expected to absorb the losses that will be significant to the VIE. December 31, 2014 ASSETS CURRENT ASSETS (1) 2,137 PROPERTY AND EQUIPMENT, NET 2,746 OTHER NONCURRENT ASSETS 5,521 TOTAL ASSETS $ 10,404 LIABILITIES AND STOCKHOLDERS’ DEFICIT CURRENT LIABILITIES 134,276 LONG-TERM LIABILITIES 3,120,120 TOTAL LIABILITIES $ 3,254,396 (1) Includes cash of $2,037 at December 31, 2014, respectively, which is included in the Company’s consolidated financial statements, but is used for the operations of the VIE.

Prepaid Expenses (Tables)

Prepaid Expenses (Tables)	12 Months Ended
	Dec. 31, 2014
Prepaid Expenses
Schedule of Prepaid Expenses	Prepaid expenses consisted of the following as of December 31: December 31, 2014 December 31, 2013 Commissions $ - $ 46,309 Stock based compensation - 301,222 Short term deposits 39,433 34,003 Legal - 39,833 Miscellaneous - 1,130 Total prepaid expenses $ 39,433 $ 422,497

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment recorded at cost consisted of the following as of December 31: December 31, 2014 December 31, 2013 Machinery and equipment $ 486,122 $ 477,104 Office equipment 881,100 879,450 Leasehold improvements 641,599 594,199 Subtotal 2,008,821 1,950,753 Accumulated depreciation (1,257,637 ) (947,207 ) Property and equipment, net $ 751,184 $ 1,003,546

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangibles Assets	The Company’s capitalized costs in relation to developing and acquiring intangible assets, consisted of the following as of December 31: December 31, 2014 December 31, 2013 Patents and trademarks $ 1,337,798 $ 1,117,763 Media projects 650,735 363,850 Websites 542,579 57,025 Invicta immersive property 1,950,000 1,950,000 Think Mobile Giftsender 1,652,395 1,645,875 Think Media 1,495,580 1,495,580 Biznexion 135,250 135,250 Digital Magazine 250,000 250,000 Monkeybars 2,250,000 - Subtotal, intangible assets 10,264,337 7,015,343 Accumulated amortization (3,179,267 ) (1,109,887 ) Intangible assets, net $ 7,085,070 $ 5,905,456

Accrued Expenses (Tables)

Accrued Expenses (Tables)	12 Months Ended
	Dec. 31, 2014
Payables and Accruals [Abstract]
Schedule of Accrued Expenses	Accrued expenses consisted of the following as of December 31, 2014 and 2013: December 31, 2014 December 31, 2013 Salaries and wages - Ubiquity, Inc. $ 559,704 $ 1,453,884 Payroll and other taxes 1,145,125 984,831 Accrued consulting fee - BOD Member 150,000 - Accrued rent 52,558 - Other 1,967 11,886 Total current accrued expenses 1,909,354 2,450,601 Salaries and wages, long-term - Ubiquity, Inc. 1,000,000 - Salaries and wages, long-term - Sponsor Me, Inc. 3,120,120 - Total accrued expenses $ 6,029,474 $ 2,450,601

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2014
Summary of Compensation Paid and Amounts Payable	The following is a summary of compensation paid and amounts payable to Christopher Carmichael and Connie Jordan for the year ended December 31, 2014: Christopher Carmichael Connie Jordan Accrual – December 31, 2013 $ 1,053,398 $ 181,241 Add SME – January 1, 2014 1,220,863 971,065 Annual Salary – Ubiquity, Inc. 539,400 264,400 Annual Salary – Sponsor Me, Inc. 200,000 180,000 Annual Director Fees - - Bonus - 403,010 120,943 Other 14,994 5,957 Subtotal 3,431,665 1,723,606 Payments (726,300) (1) (524,083 )(1) Accrual - December 31, 2014 $ 2,705,365 $ 1,199,523 (1) Payments do not include amounts SME paid an aggregate of approximately $61,875 and $59,850 in benefits for the years ended December 31, 2014 and 2013, respectively.
SC Business Inc [Member]
Summary of Compensation Paid and Amounts Payable	2014 2013 Receivable from SC Business, beginning of the year $ 437,812 $ 7,358 Amount charged on Ubiquity Credit Cards by SC Business 2,619,267 1,862,267 Amounts remitted back to Ubiquity (1,673,407 ) (1,194,238 ) PayPal fees charged by SC Business (75,233 ) (43,793 ) Fees paid to SC Business for services provided in prior years - (185,782 ) Consulting fees charged by SC Business to Ubiquity $ (28,758 ) $ (8,000 ) Receivable from SC Business $ 1,279,681 (1) $ 437,812 Amounts remitted to SME (net of approximately $232,000 of amount SME owed to SC Business) $ 609,897 $ 501,950 (1) The substance of this receivable is that it is due from SME based on the balance being related to amounts remitted from Ubiquity to SME. See note 2 for related elimination of the related balance upon the acquisition of SME. Accordingly, such amounts are eliminated in the consolidation of SME.
Max Gan [Member]
Summary of Compensation Paid and Amounts Payable	2014 2013 Receivable from Max Gan, beginning of year $ 125,920 $ - Amount charged on Ubiquity Credit Cards 574,040 682,508 Amounts remitted back to Ubiquity (393,405 ) (512,754 ) PayPal fees charged (42,185 ) (23,621 ) Service fees charged $ (16,909 ) $ (20,213 ) Receivable from Max Gan, end of year $ 247,461 $ 125,920

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2014
Stockholders Equity Tables
Schedule of Options Outstanding	The Company had the following options outstanding for the years ended December 31, 2014 and 2013: Number of Options Weighted Average Exercise Price Balance, January 1, 2013 3,228,571 $ 9.73 Granted - 2013 1,921,663 10.05 Exercised - 2013 (3,300,000 ) 9.80 Expired - 2013 - - Balance, December 31, 2013 1,850,234 $ 9.87 Granted 2,536,321 1.17 Exercised - - Expired - - Balance, December 31, 2014 4,386,555 $ 4.66 Balance, December 31, 2014 - Vested 3,386,555 $ 5.78

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2014
Commitments And Contingencies Tables
Summary of Payments Under Non-Cancellable Rent Agreements	The following is summary of payments under non-cancellable rent agreements as of December 31, 2014: Year ended December 31, 2015 $ 478,269 2016 517,758 2017 535,314 2018 552,864 2019 570,414 Thereafter 28,960 Total lease commitment $ 2,683,579

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2014
Income Taxes Tables
Schedule of Provision for Federal Income Tax	The provision for Federal income tax consists of the following for the years ended December 31, 2014 and 2013: 2014 2013 Income tax benefit attributable to: Net loss $ (8,396,722 ) $ (18,924,559 ) Permanent differences 4,794,619 15,907,978 Valuation allowance 3,602,103 3,016,581 Net provision for income tax $ - $ -
Schedule of Deferred Tax Asset	The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows as of December 31, 2014 and 2013: 2014 2013 Deferred tax asset attributable to: Net operating loss carryover $ 26,153,095 $ 22,550,993 Valuation allowance (26,153,095 ) (22,550,993 ) Net deferred tax asset $ - $ -

Re-audited Balances (Tables)

Re-audited Balances (Tables)	12 Months Ended
	Dec. 31, 2014
Re-audited Balances
Schedule of Restatement of Balance Sheet	Originally Filed As Filed Herein December 31, 2013 Adjustments December 31, 2013 Prepaid expenses $ 121,275 $ 335,625 (A) $ 422,497 (34,403 ) (B) Loans receivable - related parties - 754,647 (C) 754,647 Other current assets 754,914 (754,647 ) (C) 267 Other assets - 34,403 (B) 34,403 Intangible assets, net 14,151,440 (5,826,321 ) (D) 5,905,456 (2,225,000 ) (E) (440,745 ) (F) 246,082 (G) Total assets $ 16,143,580 $ (7,910,359 ) $ 8,233,221 Common stock $ 92,069 $ (950 ) (L) $ 91,119 Additional paid-in capital 126,142,077 (2,075,000 ) (E) 127,484,313 1,197,457 (H) 778,408 (I) 914,190 (A) 494,731 (J) 31,500 (K) 950 (L) Deferred stock-based compensation (312,500 ) 312,500 (A) - Accumulated deficit (113,474,618 ) (5,826,321 ) (D) (123,038,763 ) (31,500 ) (K) (3,706,324 ) Total stockholders’ equity $ 12,447,028 (7,910,359 ) $ 4,536,669 The following is a description of the Amended December 31, 2013 as filed herein. (A) To correct stock based compensation related to common stock issued for services. Initially, the Company estimated value of the fair market value of the Company’s common stock at prices ranging from $0.54 - $1.14, which was based upon a mix of amounts per a proposed private placement in which was being circulated and other. However, actual sales of common stock at the time of the grants were at much lower amounts ranging from $0.54 - $0.66 per share. This decrease was offset by shares in which were incorrectly valued at lower price in which additional shares were issued during the forward 4:1 stock split. These individuals received more shares than the prorata 4:1 split. Thus, the additional shares needed to be valued. The change in the fair market value of the Company’s common stock increased additional paid in capital by $914,190 and stock based compensation by $891,065. Included within this amount, was a services agreement with Nick Mitsakos with a one year term. Initially, the Company recorded the unamortized portion of $312,500 as deferred stock based compensation. To correct, the Company recorded the remaining amortization as a prepaid, amortizing over the term of the agreement. The adjustment increased prepaid expenses by $335,625 at December 31, 2014. In addition, the transaction resulted in a correction to the cash flow statement in which a non-cash financing transaction was reflected. (B) To correct lease deposits in which were incorrectly recorded as current assets. The Company reclassed $34,403 in lease deposits to other assets as term of corresponding leases are greater than one year. The correction impacted the cash flow as the amounts expended during the year of $34,403 were changed to reflect them as an investing activity. (C) To reclass loans from related parties of $754,647 to its own line item on the accompanying consolidated balance sheet. Previously these amounts were incorrectly classified within other current assets. The reclass did not have an impact on the accompanying consolidated statement of operations but did impact the consolidated cash flow statement for amounts advanced during the year of $538,475 which should have been reflected as investing activities. Immediately prior to their resignation, the Company’s former independent registered accounting firm indicated that the balances of the Company’s intangible assets were possibly materially misstated and that impairments recorded during the year ended December 31, 2014, should have possibly recorded in prior years. In connection, with this communication the Company reviewed all intangible assets from inception to determine if the correct accounting guidance was followed and whether or not an error existed. Based upon this review the Company concluded that 1) The expected life of 15 years for technology related intangibles should have been five years which mirrored the period in which the Company expected to realize the benefit of such intangibles and; 2) A significant amount of costs related to the development of the Company’s products incurred prior to December 31, 2012 should have been expensed rather than capitalized as the technical feasibility stage had not been met; and 3) and some of the projects in which were put on hold, due to new projects or change in focus, should have been impaired due to the lack of expected cash flows to support such. The following adjustments were recorded: (D) To correct the carrying value of intangible assets and the related amortization. Prior to December 31, 2012, the Company either incorrectly capitalized costs or amortized them over an incorrect period. At December 31, 2012, the Company reduced net intangible assets by $5,826,321 with the offset to retained earnings. (E) To correct the fair market value of common stock issued for asset acquisitions. The Company initially recorded the fair market value of common stock issued for these assets based upon the traded price of the predecessor’s stock price prior to the reverse merger with the Company. At the time of acquisition, the Company was selling its common stock at prices ranging from $0.54 - $0.66 through private placements. The adjustment reduced the fair value of the common stock issued by $2,225,000, reducing the asset value and equity. In addition, $150,000 was expensed as additional loss on acquisition of intangible assets due to the underlying stock being valued $150,000 less than initially recorded. Initially, the cash flow statement did not reflect the day one impairment of assets received. Thus, the cash flow statement was corrected to reflect an impairment loss of $1,000,000 and $850,000 in investing activities. In addition, non-cash investing activities decreased by $2,075,000, the amount recorded to additional-paid in capital. (F) To expense items incorrectly capitalized as intangible assets. Based upon the Company’s analysis of cost capitalized during the year ended December 31, 2013, it was determined that $440,745 of costs previously capitalized should be expensed as they did not meet the asset capitalization criteria. The correction lowered intangible assets and increased the net loss by approximately $440,745. (G) To correct amortization expense on intangible assets. The Company lowered amortization expense for the year ended December 31, 2013 by $246,082. The decrease was primarily due to the reduction in carrying value of the intangible assets prior to December 31, 2012, offset by a decrease in estimated life of such asset from fifteen to five year. (H) To correct stock based compensation related to options granted to management and employees. The Company uses the Black Scholes model to value. Initially the model included the estimated value of the fair market value of the Company’s common stock at a price in which was less than the actual fair market value of the Company’s common stock based upon recent private placements and the closing market price. The change in the fair market value of the Company’s common stock required $1,197,457 in additional compensation. (I) To correct stock based compensation related to options in which were modified. The Company uses the Black Schoels model to value the value of the options immediately before and after the modification. Initially the model included the estimated value of the fair market value of the Company’s common stock at a price in which was less than the actual fair market value of the Company’s common stock based upon recent private placements and the closing market price. The change in the fair market value of the Company’s common stock required $778,408 in additional compensation. (J) To correct bonuses recorded as an offset to equity rather than expense. The bonuses were based upon a percent of capital raised and payable to Christopher Carmichael and Connie Jordan. Previously, the bonuses had been recorded as an offset to the proceeds recorded within additional paid in capital. The correction increased the net loss for the year ended December 31, 2013 by $494,731. (K) To correct the value of common stock issued initial recorded in 2013 for assets acquired prior to December 31, 2012. (L) To correct the par value of shares incorrectly shown as outstanding as of December 31, 2013 in which were never issued. The shares were not split effected during the 4:1 forward split and thus causing the error. In addition, the item had an impact on the weighted average shares outstanding of approximately 950,000 common shares.
Schedule of Restatement of Statement of Operations	Statement of Operations: Originally Filed As Filed Herein Year Ended Year Ended December 31, 2013 Adjustments December 31, 2013 Outside and development services $ 362,179 $ 440,745 (F) $ 802,924 Payroll expense 2,374,799 494,731 (J) 2,869,530 Stock-based compensation 43,921,242 1,197,457 (H) 46,788,172 778,408 (I) 891,065 (A) Depreciation and amortization 1,281,931 (246,082 ) (G) 1,035,849 Loss on acquisition of intangible assets 850,000 150,000 (E) 1,000,000 Net loss $ (51,954,143 ) $ (3,706,324 ) $ (55,660,467 ) Basic and diluted loss per share $ (0.73 ) $ (0.80 ) Weighted average shares outstanding 70,784,329 (950,000 ) (L) 69,834,329 The following is a description of the Amended December 31, 2013 as filed herein. (A) To correct stock based compensation related to common stock issued for services. Initially, the Company estimated value of the fair market value of the Company’s common stock at prices ranging from $0.54 - $1.14, which was based upon a mix of amounts per a proposed private placement in which was being circulated and other. However, actual sales of common stock at the time of the grants were at much lower amounts ranging from $0.54 - $0.66 per share. This decrease was offset by shares in which were incorrectly valued at lower price in which additional shares were issued during the forward 4:1 stock split. These individuals received more shares than the prorata 4:1 split. Thus, the additional shares needed to be valued. The change in the fair market value of the Company’s common stock increased additional paid in capital by $914,190 and stock based compensation by $891,065. Included within this amount, was a services agreement with Nick Mitsakos with a one year term. Initially, the Company recorded the unamortized portion of $312,500 as deferred stock based compensation. To correct, the Company recorded the remaining amortization as a prepaid, amortizing over the term of the agreement. The adjustment increased prepaid expenses by $335,625 at December 31, 2014. In addition, the transaction resulted in a correction to the cash flow statement in which a non-cash financing transaction was reflected. (B) To correct lease deposits in which were incorrectly recorded as current assets. The Company reclassed $34,403 in lease deposits to other assets as term of corresponding leases are greater than one year. The correction impacted the cash flow as the amounts expended during the year of $34,403 were changed to reflect them as an investing activity. (C) To reclass loans from related parties of $754,647 to its own line item on the accompanying consolidated balance sheet. Previously these amounts were incorrectly classified within other current assets. The reclass did not have an impact on the accompanying consolidated statement of operations but did impact the consolidated cash flow statement for amounts advanced during the year of $538,475 which should have been reflected as investing activities. Immediately prior to their resignation, the Company’s former independent registered accounting firm indicated that the balances of the Company’s intangible assets were possibly materially misstated and that impairments recorded during the year ended December 31, 2014, should have possibly recorded in prior years. In connection, with this communication the Company reviewed all intangible assets from inception to determine if the correct accounting guidance was followed and whether or not an error existed. Based upon this review the Company concluded that 1) The expected life of 15 years for technology related intangibles should have been five years which mirrored the period in which the Company expected to realize the benefit of such intangibles and; 2) A significant amount of costs related to the development of the Company’s products incurred prior to December 31, 2012 should have been expensed rather than capitalized as the technical feasibility stage had not been met; and 3) and some of the projects in which were put on hold, due to new projects or change in focus, should have been impaired due to the lack of expected cash flows to support such. The following adjustments were recorded: (D) To correct the carrying value of intangible assets and the related amortization. Prior to December 31, 2012, the Company either incorrectly capitalized costs or amortized them over an incorrect period. At December 31, 2012, the Company reduced net intangible assets by $5,826,321 with the offset to retained earnings. (E) To correct the fair market value of common stock issued for asset acquisitions. The Company initially recorded the fair market value of common stock issued for these assets based upon the traded price of the predecessor’s stock price prior to the reverse merger with the Company. At the time of acquisition, the Company was selling its common stock at prices ranging from $0.54 - $0.66 through private placements. The adjustment reduced the fair value of the common stock issued by $2,225,000, reducing the asset value and equity. In addition, $150,000 was expensed as additional loss on acquisition of intangible assets due to the underlying stock being valued $150,000 less than initially recorded. Initially, the cash flow statement did not reflect the day one impairment of assets received. Thus, the cash flow statement was corrected to reflect an impairment loss of $1,000,000 and $850,000 in investing activities. In addition, non-cash investing activities decreased by $2,075,000, the amount recorded to additional-paid in capital. (F) To expense items incorrectly capitalized as intangible assets. Based upon the Company’s analysis of cost capitalized during the year ended December 31, 2013, it was determined that $440,745 of costs previously capitalized should be expensed as they did not meet the asset capitalization criteria. The correction lowered intangible assets and increased the net loss by approximately $440,745. (G) To correct amortization expense on intangible assets. The Company lowered amortization expense for the year ended December 31, 2013 by $246,082. The decrease was primarily due to the reduction in carrying value of the intangible assets prior to December 31, 2012, offset by a decrease in estimated life of such asset from fifteen to five year. (H) To correct stock based compensation related to options granted to management and employees. The Company uses the Black Scholes model to value. Initially the model included the estimated value of the fair market value of the Company’s common stock at a price in which was less than the actual fair market value of the Company’s common stock based upon recent private placements and the closing market price. The change in the fair market value of the Company’s common stock required $1,197,457 in additional compensation. (I) To correct stock based compensation related to options in which were modified. The Company uses the Black Schoels model to value the value of the options immediately before and after the modification. Initially the model included the estimated value of the fair market value of the Company’s common stock at a price in which was less than the actual fair market value of the Company’s common stock based upon recent private placements and the closing market price. The change in the fair market value of the Company’s common stock required $778,408 in additional compensation. (J) To correct bonuses recorded as an offset to equity rather than expense. The bonuses were based upon a percent of capital raised and payable to Christopher Carmichael and Connie Jordan. Previously, the bonuses had been recorded as an offset to the proceeds recorded within additional paid in capital. The correction increased the net loss for the year ended December 31, 2013 by $494,731. (K) To correct the value of common stock issued initial recorded in 2013 for assets acquired prior to December 31, 2012. (L) To correct the par value of shares incorrectly shown as outstanding as of December 31, 2013 in which were never issued. The shares were not split effected during the 4:1 forward split and thus causing the error. In addition, the item had an impact on the weighted average shares outstanding of approximately 950,000 common shares.
Schedule of Restatement of Statement of Cash Flows	Statement of Cash Flows: Originally Filed As Filed Herein Year Ended Year Ended December 31, 2013 Adjustments December 31, 2013 Net loss $ (51,954,143 ) (3,706,324 ) $ (55,660,467 ) Depreciation and amortization 1,281,931 (246,082 ) (G) 1,035,849 Impairment expense 45,000 1,000,000 (E) 1,045,000 Stock-based compensation 43,921,242 1,197,457 (H) 46,788,172 778,408 (I) 891,065 (A) Prepaid expenses 39,719 34,403 (B) 74,122 Other current assets (538,475 ) 538,475 (C) - Net cash used in operating activities $ (6,708,896 ) $ 487,402 $ (6,221,494 ) Originally Filed As Filed Herein Year Ended Year Ended December 31, 2013 Adjustments December 31, 2013 Loans to related parties $ - (538,475 ) (C) $ (538,475 ) Other assets - (34,403 ) (B) (34,403 ) Acquisition of intangible assets (121,346 ) (850,000 ) (E) (530,601 ) 440,745 (F) Net cash used in investing activities $ (358,871 ) $ (1,422,878 ) $ (1,781,749 ) Originally Filed As Filed Herein Year Ended Year Ended December 31, 2013 Adjustments December 31, 2013 Equity issuance costs $ (494,731 ) 494,731 (J) $ - Net cash used in financing activities $ 7,056,021 $ 494,731 $ 7,550,752 Originally Filed As Filed Herein Year Ended Year Ended December 31, 2013 Adjustments December 31, 2013 Non-cash investing and financing activities: Value of common shares issued for assets $ 6,482,501 $ (2,075,000 ) (E) $ 4,407,501 Conversion of preferred stock into common stock $ - $ 685 $ 685 Common stock recorded as a prepaid $ - $ 1,052,500 (A) $ 1,052,500 The following is a description of the Amended December 31, 2013 as filed herein. (A) To correct stock based compensation related to common stock issued for services. Initially, the Company estimated value of the fair market value of the Company’s common stock at prices ranging from $0.54 - $1.14, which was based upon a mix of amounts per a proposed private placement in which was being circulated and other. However, actual sales of common stock at the time of the grants were at much lower amounts ranging from $0.54 - $0.66 per share. This decrease was offset by shares in which were incorrectly valued at lower price in which additional shares were issued during the forward 4:1 stock split. These individuals received more shares than the prorata 4:1 split. Thus, the additional shares needed to be valued. The change in the fair market value of the Company’s common stock increased additional paid in capital by $914,190 and stock based compensation by $891,065. Included within this amount, was a services agreement with Nick Mitsakos with a one year term. Initially, the Company recorded the unamortized portion of $312,500 as deferred stock based compensation. To correct, the Company recorded the remaining amortization as a prepaid, amortizing over the term of the agreement. The adjustment increased prepaid expenses by $335,625 at December 31, 2014. In addition, the transaction resulted in a correction to the cash flow statement in which a non-cash financing transaction was reflected. (B) To correct lease deposits in which were incorrectly recorded as current assets. The Company reclassed $34,403 in lease deposits to other assets as term of corresponding leases are greater than one year. The correction impacted the cash flow as the amounts expended during the year of $34,403 were changed to reflect them as an investing activity. (C) To reclass loans from related parties of $754,647 to its own line item on the accompanying consolidated balance sheet. Previously these amounts were incorrectly classified within other current assets. The reclass did not have an impact on the accompanying consolidated statement of operations but did impact the consolidated cash flow statement for amounts advanced during the year of $538,475 which should have been reflected as investing activities. Immediately prior to their resignation, the Company’s former independent registered accounting firm indicated that the balances of the Company’s intangible assets were possibly materially misstated and that impairments recorded during the year ended December 31, 2014, should have possibly recorded in prior years. In connection, with this communication the Company reviewed all intangible assets from inception to determine if the correct accounting guidance was followed and whether or not an error existed. Based upon this review the Company concluded that 1) The expected life of 15 years for technology related intangibles should have been five years which mirrored the period in which the Company expected to realize the benefit of such intangibles and; 2) A significant amount of costs related to the development of the Company’s products incurred prior to December 31, 2012 should have been expensed rather than capitalized as the technical feasibility stage had not been met; and 3) and some of the projects in which were put on hold, due to new projects or change in focus, should have been impaired due to the lack of expected cash flows to support such. The following adjustments were recorded: (D) To correct the carrying value of intangible assets and the related amortization. Prior to December 31, 2012, the Company either incorrectly capitalized costs or amortized them over an incorrect period. At December 31, 2012, the Company reduced net intangible assets by $5,826,321 with the offset to retained earnings. (E) To correct the fair market value of common stock issued for asset acquisitions. The Company initially recorded the fair market value of common stock issued for these assets based upon the traded price of the predecessor’s stock price prior to the reverse merger with the Company. At the time of acquisition, the Company was selling its common stock at prices ranging from $0.54 - $0.66 through private placements. The adjustment reduced the fair value of the common stock issued by $2,225,000, reducing the asset value and equity. In addition, $150,000 was expensed as additional loss on acquisition of intangible assets due to the underlying stock being valued $150,000 less than initially recorded. Initially, the cash flow statement did not reflect the day one impairment of assets received. Thus, the cash flow statement was corrected to reflect an impairment loss of $1,000,000 and $850,000 in investing activities. In addition, non-cash investing activities decreased by $2,075,000, the amount recorded to additional-paid in capital. (F) To expense items incorrectly capitalized as intangible assets. Based upon the Company’s analysis of cost capitalized during the year ended December 31, 2013, it was determined that $440,745 of costs previously capitalized should be expensed as they did not meet the asset capitalization criteria. The correction lowered intangible assets and increased the net loss by approximately $440,745. (G) To correct amortization expense on intangible assets. The Company lowered amortization expense for the year ended December 31, 2013 by $246,082. The decrease was primarily due to the reduction in carrying value of the intangible assets prior to December 31, 2012, offset by a decrease in estimated life of such asset from fifteen to five year. (H) To correct stock based compensation related to options granted to management and employees. The Company uses the Black Scholes model to value. Initially the model included the estimated value of the fair market value of the Company’s common stock at a price in which was less than the actual fair market value of the Company’s common stock based upon recent private placements and the closing market price. The change in the fair market value of the Company’s common stock required $1,197,457 in additional compensation. (I) To correct stock based compensation related to options in which were modified. The Company uses the Black Schoels model to value the value of the options immediately before and after the modification. Initially the model included the estimated value of the fair market value of the Company’s common stock at a price in which was less than the actual fair market value of the Company’s common stock based upon recent private placements and the closing market price. The change in the fair market value of the Company’s common stock required $778,408 in additional compensation. (J) To correct bonuses recorded as an offset to equity rather than expense. The bonuses were based upon a percent of capital raised and payable to Christopher Carmichael and Connie Jordan. Previously, the bonuses had been recorded as an offset to the proceeds recorded within additional paid in capital. The correction increased the net loss for the year ended December 31, 2013 by $494,731. (K) To correct the value of common stock issued initial recorded in 2013 for assets acquired prior to December 31, 2012. (L) To correct the par value of shares incorrectly shown as outstanding as of December 31, 2013 in which were never issued. The shares were not split effected during the 4:1 forward split and thus causing the error. In addition, the item had an impact on the weighted average shares outstanding of approximately 950,000 common shares.

Nature of Business (Details Nar

Nature of Business (Details Narrative) - shares	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Conversion of stock	19,838,746
Common stock, shares issued	104,502,111	91,119,199
Holders Of Ubiquity DEs [Member]
Common stock, shares issued	19,838,746

Summary of Significant Accoun33

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Percentage of minority ownership	100.00%
Bad debt expense	$ 49,355	$ 25,000
Allowance for doubtful accounts	70,000	25,000
Capitalized software development costs	$ 2,347,471	3,538,761
Estimated useful life of intangible assets	5 years
Research and development costs	$ 444,811	440,745
Amortization expense	1,463,384	778,577
Advertising costs	$ 180,882	$ 85,744
Percentage of tax benefits	50.00%
Minimum [Member]
Related Party Transaction [Line Items]
Estimated useful life	3 years
Maximum [Member]
Related Party Transaction [Line Items]
Estimated useful life	15 years

Summary of Significant Accoun34

Summary of Significant Accounting Policies - Summary of Significant of Variable Interest Entities (Details)		Dec. 31, 2014USD ($)
Summary Of Significant Accounting Policies - Summary Of Significant Of Variable Interest Entities Details
CURRENT ASSETS (1)	[1]	$ 2,137
PROPERTY AND EQUIPMENT, NET		2,746
OTHER NONCURRENT ASSETS		5,521
TOTAL ASSETS		10,404
CURRENT LIABILITIES		134,276
LONG-TERM LIABILITIES		3,120,120
TOTAL LIABILITIES		$ 3,254,396
[1]	Includes cash of $2,037 at December 31, 2014, respectively, which is included in the Company’s consolidated financial statements, but is used for the operations of the VIE.

Summary of Significant Accoun35

Summary of Significant Accounting Policies - Summary of Significant of Variable Interest Entities (Details) (Parenthetical)	Dec. 31, 2014USD ($)
Summary Of Significant Accounting Policies - Summary Of Significant Of Variable Interest Entities Details
Cash	$ 2,037

Prepaid Expenses - Schedule of

Prepaid Expenses - Schedule of Prepaid Expenses (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Prepaid Expenses
Commissions		$ 46,309
Stock based compensation		301,222
Short term deposits	$ 39,433	34,003
Legal		39,833
Miscellaneous		1,130
Total prepaid expenses	$ 39,433	$ 422,497

Property and Equipment (Details

Property and Equipment (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 305,965	$ 257,272

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,008,821	$ 1,950,753
Accumulated depreciation	(1,257,637)	(947,207)
Property and equipment, net	751,184	1,003,546
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	486,122	477,104
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	881,100	879,450
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 641,599	$ 594,199

Intangible Assets (Details Narr

Intangible Assets (Details Narrative) - USD ($)	Apr. 23, 2014	Sep. 30, 2013	Jul. 12, 2013	Dec. 31, 2014	Dec. 31, 2013	Jul. 31, 2013	Mar. 22, 2013
Acquired Finite-Lived Intangible Assets [Line Items]
Common stock issued for acquired intangible assets					$ 4,407,501
Shares issued price per share						$ 0.66	$ 0.54
Shares issued for cash				$ 8,060,178	7,556,250
Amortization expense				$ 1,463,384	$ 778,577
California Limited Liability Corporation [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Common stock issued for acquired intangible assets, shares		114,286
Common stock issued for acquired intangible assets		$ 1,250,000
Purchase price of acquired entity		250,000
Think Media Inc [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Common stock issued for acquired intangible assets, shares			683,371
Common stock issued for acquired intangible assets			$ 1,495,580
Think Mobile Inc [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Common stock issued for acquired intangible assets, shares			683,371
Common stock issued for acquired intangible assets			$ 1,652,395
Shares issued for cash			$ 151,000
Biznexion Inc [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Common stock issued for acquired intangible assets, shares			61,829
Common stock issued for acquired intangible assets			$ 135,250
Digital Magazine [Member[
Acquired Finite-Lived Intangible Assets [Line Items]
Common stock issued for acquired intangible assets		250,000
Loss on intangible assets		$ 1,000,000
TaC Friends [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Common stock issued for acquired intangible assets, shares					57,143
Common stock issued for acquired intangible assets					$ 31,500
Monkeybars Agreement [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Common stock issued for acquired intangible assets, shares	1,092,233
Common stock issued for acquired intangible assets	$ 2,250,000
Shares issued price per share	$ 2.06

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangibles Assets (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Finite-Lived Intangible Assets [Line Items]
Subtotal, intangible assets	$ 10,264,337	$ 7,015,343
Accumulated amortization	(3,179,267)	(1,109,887)
Intangible assets, net	7,085,070	5,905,456	$ 5,826,321
Patents and Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Subtotal, intangible assets	1,337,798	1,117,763
Media Projects [Member]
Finite-Lived Intangible Assets [Line Items]
Subtotal, intangible assets	650,735	363,850
Websites [Member]
Finite-Lived Intangible Assets [Line Items]
Subtotal, intangible assets	542,579	57,025
Invicta Immersive Property [Member]
Finite-Lived Intangible Assets [Line Items]
Subtotal, intangible assets	1,950,000	1,950,000
Think Mobile Gift Sender [Member]
Finite-Lived Intangible Assets [Line Items]
Subtotal, intangible assets	1,652,395	1,645,875
Think Media [Member]
Finite-Lived Intangible Assets [Line Items]
Subtotal, intangible assets	1,495,580	1,495,580
Biznexion [Member]
Finite-Lived Intangible Assets [Line Items]
Subtotal, intangible assets	135,250	135,250
Digital Magazine [Member[
Finite-Lived Intangible Assets [Line Items]
Subtotal, intangible assets	250,000	$ 250,000
Monkeybars [Member]
Finite-Lived Intangible Assets [Line Items]
Subtotal, intangible assets	$ 2,250,000

Accrued Expenses (Details Narra

Accrued Expenses (Details Narrative) - USD ($)	Jan. 02, 2014	Dec. 20, 2013	Feb. 01, 2013	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax expense
Option granted			71,429	2,536,321	1,921,663
Exercise price				$ 1.17	$ 10.05
Accrued expense				$ 160,293	$ 132,459
Income tax examination penalties and interest accrued				890,623	$ 730,069
Accrued payroll taxes and penalties for forgiven salary and bonus				118,000
Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option granted	600,000	300,000			2,561,856
Exercise price					$ 0.485
Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accrued salary and bonuses				$ 1,000,000
Option granted				850,000

Accrued Expenses - Schedule of

Accrued Expenses - Schedule of Accrued Expenses (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Payables and Accruals [Abstract]
Salaries and wages - Ubiquity, Inc.	$ 559,704	$ 1,453,884
Payroll and other taxes	1,145,125	$ 984,831
Accrued consulting fee - BOD Member	150,000
Accrued rent	52,558
Other	1,967	$ 11,886
Total current accrued expenses	1,909,354	$ 2,450,601
Salaries and wages, long-term - Ubiquity, Inc.	1,000,000
Salaries and wages, long-term - Sponsor Me, Inc.	3,120,120
Total accrued expenses	$ 6,029,474	$ 2,450,601

Convertible Notes Payable (Deta

Convertible Notes Payable (Details Narrative) - USD ($)	Nov. 17, 2014	Dec. 31, 2014
Debt Instrument [Line Items]
Percentage of debt portion price equal to principal amount		150.00%
Worldwide Inc [Member] | Convertible Notes Payable [Member] | Purchase Agreement [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 204,000
Percentage of promissory note issued during period	8.00%
Interest rate	8.00%
Maturity date	Aug. 14, 2015
Debt conversion period	180 days
Percentage of discount on conversion price	50.00%
Consecutive trading days period	3 days

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	Jul. 01, 2014	Jan. 02, 2014	Dec. 20, 2013	Feb. 01, 2013	Aug. 30, 2010	Feb. 28, 2014	Dec. 31, 2014	Dec. 31, 2013	Jul. 31, 2013	Mar. 22, 2013
Related Party Transaction [Line Items]
Payment of fee							$ 2,370,154	$ 1,683,664
Notes payable
Paid benefits for tax
Option granted				71,429			2,536,321	1,921,663
Accrued payable							$ 577,990	$ 756,316
Salary and bonus payable							32,500	75,000
Accrued interest							18,418
Due to agreement amount								190,915
Due from related parties								190,915
Immersive Advertising Patent [Member]
Related Party Transaction [Line Items]
License and revenue					$ 250,000
Lifestyle Portal Patent [Member]
Related Party Transaction [Line Items]
License and revenue					$ 250,000
Employee [Member]
Related Party Transaction [Line Items]
Due to related parties							10,000	0
Shareholder [Member]
Related Party Transaction [Line Items]
Due to related parties						$ 50,000
Repayments of related party debt						50,000
Interest expenses						$ 5,000
Nicholas Mitsakos [Member]
Related Party Transaction [Line Items]
Number of common stock issued for board of directors									250,000	250,000
Nicholas Mitsakos [Member] | Mitsakos Consulting [Member]
Related Party Transaction [Line Items]
Due to related parties							150,000	0
Amendment fee								25,000
Contract expense							635,625	716,875
Chris Carmichael [Member] | Carmichael Enterprises [Member]
Related Party Transaction [Line Items]
Payment of fee							2,500
Related parties expense							30,000
Consulting fees							30,000
Notes payable							10,000	0
Chris Carmichael [Member] | Ubiquity Inc [Member]
Related Party Transaction [Line Items]
Due to related parties							0	7,000
Line of credit							800,000
Proceeds from borrowings							225,000	7,000
Repayments of related party debt							$ 232,000	0
Unsecured, incurred interest							8.00%
Brittany Carmichael [Member] | Carmichael Enterprises [Member]
Related Party Transaction [Line Items]
Personal expenses							$ 18,494	$ 18,279
Stock issued during period for related parties debt							1,099	1,099
Stock issued during period for related parties debt, value							$ 18,494	$ 10,516
Brittany Carmichael [Member] | Sponsor Me Inc [Member]
Related Party Transaction [Line Items]
Stock issued during period for related parties debt							1,099
Stock issued during period for related parties debt, value							$ 8,353
Administrative and marketing amount							8,715
Paid benefits for tax							9,944	18,297
Salary related expenses							17,068
Cameron Carmichael [Member] | Carmichael Enterprises [Member]
Related Party Transaction [Line Items]
Personal expenses							$ 7,320	$ 7,493
Stock issued during period for related parties debt							1,099	1,099
Stock issued during period for related parties debt, value							$ 7,320	$ 0
Cameron Carmichael [Member] | Sponsor Me Inc [Member]
Related Party Transaction [Line Items]
Stock issued during period for related parties debt							1,099
Paid benefits for tax							$ 9,499	9,805
Salary related expenses							21,876	24,853
Shane Carmichael [Member[ | Carmichael Enterprises [Member]
Related Party Transaction [Line Items]
Personal expenses							$ 4,914	$ 7,651
Stock issued during period for related parties debt							1,099	1,099
Stock issued during period for related parties debt, value							$ 4,914	$ 1,279
Shane Carmichael [Member[ | Sponsor Me Inc [Member]
Related Party Transaction [Line Items]
Stock issued during period for related parties debt							1,099
Paid benefits for tax							$ 20,900	18,672
Salary related expenses							$ 45,837	34,460
Board Of Director Fees [Member]
Related Party Transaction [Line Items]
Due to related parties								25,000
Receives an annual fee	$ 25,000
Board Of Director Fees [Member] | Minimum [Member]
Related Party Transaction [Line Items]
Annual salary	5,000
Board Of Director Fees [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Annual salary	$ 10,000
Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Option granted							850,000
Chief Executive Officer [Member] | Sponsor Me Inc [Member]
Related Party Transaction [Line Items]
Due to related parties							$ 1,420,863
Annual salary							200,000
Received payments and benefits							172,101	156,850
Due to related parties additional amount							1,289,681	679,784
Chief Financial Officer [Member] | Sponsor Me Inc [Member]
Related Party Transaction [Line Items]
Due to related parties							247,022
Annual salary							42,000
Received payments and benefits							172,101	156,850
Carmichael Family [Member]
Related Party Transaction [Line Items]
Due to related parties							10,000	0
SC Business Inc [Member]
Related Party Transaction [Line Items]
Due from related parties							232,000	232,000
SC Business Inc [Member] | Brenden Garrison [Member]
Related Party Transaction [Line Items]
Due to related parties							28,758
Amendment fee credit card processing services cost							75,233
Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Due to related parties								$ 25,000
Per month medical allowance			$ 1,200
Option granted		600,000	300,000					2,561,856
Earned bonuses							403,010	$ 230,563
Accrued payable							1,274,852	1,053,398
Salary and bonus payable							$ 1,000,000
Repayments of related party debt								0
Chief Executive Officer [Member] | Minimum [Member]
Related Party Transaction [Line Items]
Annual salary			$ 420,000
Chief Executive Officer [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Annual salary			525,000
Chief Financial Officer [Member]
Related Party Transaction [Line Items]
Annual salary			225,000
Option granted		150,000					150,000
Senior Executive Vice President [Member]
Related Party Transaction [Line Items]
Due to related parties								25,000
Annual salary							$ 250,000	250,000
Per month medical allowance			$ 1,200
Option granted		200,000					300,000
Earned bonuses							$ 120,943	39,168
Accrued payable							48,458	181,241
Sponsor Me Inc [Member]
Related Party Transaction [Line Items]
Due to related parties							0	15,000
Sponsor Me Inc [Member] | Senior Executive Vice President [Member]
Related Party Transaction [Line Items]
Due to related parties							1,151,065
Annual salary							180,000
Received payments and benefits							172,101	156,850
Max Gan [Member]
Related Party Transaction [Line Items]
Due to related parties							$ 10,000	$ 0

Related Party Transactions - Su

Related Party Transactions - Summary of Compensation Paid and Amounts Payable (Details) - USD ($)		12 Months Ended
		Dec. 31, 2014		Dec. 31, 2013
Accrual, Balance		$ 75,000
Accrual, ending		32,500		$ 75,000
Christopher Carmichael [Member]
Accrual, Balance		1,053,398
Add SME		1,220,863
Annual Salary - Ubiquity, Inc.		539,400
Annual Salary - Sponsor Me, Inc.		$ 200,000
Annual Director Fees
Bonus		$ 403,010
Other		14,994
Subtotal		3,431,665
Payments	[1]	(726,300)
Accrual, ending		2,705,365		1,053,398
Connie Jordan [Member]
Accrual, Balance		181,241
Add SME		971,065
Annual Salary - Ubiquity, Inc.		264,400
Annual Salary - Sponsor Me, Inc.		$ 180,000
Annual Director Fees
Bonus		$ 120,943
Other		5,957
Subtotal		1,723,606
Payments		(524,083)
Accrual, ending		1,199,523		181,241
SC Business Inc [Member]
Receivable		437,812		7,358
Amount charged on Ubiquity Credit Cards by SC Business		2,619,267		1,862,267
Amounts remitted back to Ubiquity		(1,673,407)		(1,194,238)
PayPal fees charged by SC Business		$ (75,233)		(43,793)
Service fees charged				(185,782)
Consulting fees charged by SC Business to Ubiquity		$ (28,758)		(8,000)
Receivable		1,279,681	[2]	437,812
Amounts remitted to SME (net of approximately $232,000 of amount SME owed to SC Business)		609,897		$ 501,950
Max Gan [Member]
Receivable		125,920
Amount charged on Ubiquity Credit Cards by SC Business		574,040		$ 682,508
Amounts remitted back to Ubiquity		(393,405)		(512,754)
PayPal fees charged by SC Business		(42,185)		(23,621)
Service fees charged		(16,909)		(20,213)
Receivable		$ 247,461		$ 125,920
[1]	Payments do not include amounts SME paid an aggregate of approximately $61,875 and $59,850 in benefits for the years ended December 31, 2014 and 2013, respectively.
[2]	The substance of this receivable is that is due from SME based on the balance being related to amounts remitted from Ubiquity to SME. See note 2 for related elimination of the related balance upon the acquisition of SME. Accordingly, such amounts are eliminated in the consolidation of SME.

Related Party Transactions - 46

Related Party Transactions - Summary of Compensation Paid and Amounts Payable (Details) (Parenthetical) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Due from related party		$ 190,915
SC Business Inc [Member]
Due from related party	$ 232,000	$ 232,000

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - USD ($)	Apr. 21, 2014	Mar. 22, 2013	Feb. 01, 2013	Jul. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Sep. 09, 2013
Reverse split ratio	3.5 to 1					forward 4:1 stock split
Conversion of preferred stock, shares issued						600,000
Number of common stock shares issuable for preferred stock						685,714
Preferred stock, shares issued
Preferred stock, shares outstanding
Issuance of common stock in exchange for cash, shares					10,551,572	6,210,057
Proceeds from sale of common stock					$ 8,060,178	$ 7,556,250
Shares issued for services, shares		285,714		285,714	1,739,107	5,562,914
Shares issued for services					$ 10,568,834	$ 11,872,602
Share per price		$ 0.54		$ 0.66
Prepaid asset of amortized over the period of service					1,052,500	335,625
Stock based compensation expense					$ 335,625	$ 716,875
Option granted			71,429		2,536,321	1,921,663
Stock options value			$ 726,710		$ 3,827,938	$ 10,230,081
Exercise price			$ 14				$ 0
Dividend yield			0.00%		0.00%	0.00%
Volatility			97.00%		163.00%
Volatility, minimum					0.12%	97.00%
Volatility, maximum						111.00%
Risk free interest rate			0.88%
Expected life			60 months		60 months
Risk-free rate, minimum						0.37%
Risk-free rate, maximum						0.88%
Number of shares vested and expensed					1,536,321
Stock based compensation expense					$ 3,084,820
Minimum [Member]
Exercise price					$ 0.87	$ 8.19
Expected life						24 months
Maximum [Member]
Exercise price					$ 2.41	$ 14
Expected life						60 months
Employee Stock Option [Member]
Stock based compensation expense						$ 25,021,115
Employee Stock Option [Member] | December 31, 2015 [Member]
Expects to record remaining unamortized portion					$ 743,118
Board of Directors [Member]
Shares issued for services, shares					331,900
Shares issued for services					$ 2,369,766
Option granted					2,536,321
CEO [Member]
Option granted					850,000
Guarantees made on company loans credit cards					269,331
Number of share connection with business acquisition					32,767
Board of Director [Member]
Option granted					550,000
Number of share connection with business acquisition					834,223

Stockholder's Equity - Schedule

Stockholder's Equity - Schedule of Options Outstanding (Details) - $ / shares	Feb. 01, 2013	Dec. 31, 2014	Dec. 31, 2013
Stockholders Equity - Schedule Of Options Outstanding Details
Shares Outstanding, Beginning balance		1,850,234	3,228,571
Granted	71,429	2,536,321	1,921,663
Exercised			(3,300,000)
Expired
Shares Outstanding, Ending balance		4,386,655	1,850,234
Shares, vested		3,386,555
Weighted-Average Exercise Price, Outstanding, Beginning		$ 9.87	$ 9.73
Weighted-Average Exercise Price, granted		$ 1.17	10.05
Weighted-Average Exercise Price, exercised			$ 9.80
Weighted-Average Exercise Price, expired
Weighted-Average Exercise Price, Outstanding, Ending		$ 4.66	$ 9.87
Weighted-Average Exercise Price, Vested		$ 5.78

Commitments and Contingencies49

Commitments and Contingencies (Details Narrative) - USD ($)

Sep. 01, 2014

Aug. 20, 2014

Jan. 02, 2014

Aug. 15, 2013

Aug. 01, 2013

Jun. 04, 2013

Feb. 01, 2013

Mar. 15, 2012

Oct. 07, 2010

Dec. 31, 2014

Dec. 31, 2013

Oct. 10, 2014

Option granted

71,429

2,536,321

1,921,663

Option exercise price

$ 9.80

Operating lease term

5 years

1 year

Rent expense, monthly minimum

$ 40,953

Lease expiration term

Jan. 20, 2020

Accrued rent

$ 52,558

Accrued Salaries

6,029,474

$ 2,450,601

Contingent liability

$ 305,885

Warrants to purchase common stock sought

1,142,857

Damages amount

$ 176,763

July 21, 2015 [Member]

Contingent liability

$ 36,128

Former President [Member]

Option granted

22,857

Accrued Salaries

$ 93,743

Options to purchase

200,929

Common stock issued, price per share

$ 5.25

Common stock shares issued

42,857

Options expired date

Dec. 31, 2011

Employment Agreement With Christopher Carmichael [Member]

Employee agreement term

5 years

Base salary

$ 420,000

Percentage of bonus from gross revenue

2.50%

Percentage override of gross license fees

3.00%

Percentage of success fee gross private placement capital contributions received

5.00%

Percentage of override of gross book value derived from all cashless transactions

3.00%

Option granted

600,000

Option exercise price

$ 2.50

Employment Agreement With Christopher Carmichael [Member] | March 1, 2015 [Member]

Percentage of bonus from gross revenue

1.50%

Percentage of gross revenue from patent prosecution, litigation, settlement

3.00%

Employment Contract Amended With Christopher Carmichael [Member]

Base salary

$ 525,000

Percentage of bonus from gross revenue

1.50%

Percentage override of gross license fees

3.00%

Percentage of success fee gross private placement capital contributions received

5.00%

Percentage of override of gross book value derived from all cashless transactions

3.00%

Christopher Carmichael Modified Employment Agreement [Member] | March 1, 2015 [Member]

Percentage of bonus from gross revenue

3.50%

Percentage of override of gross book value derived from all cashless transactions

2.50%

Option granted

600,000

Employment Contract Amended With Connie Jordans Member

Base salary

$ 250,000

Percentage of bonus from gross revenue

1.00%

Percentage override of gross license fees

1.50%

Percentage of success fee gross private placement capital contributions received

1.55%

Option granted

300,000

Employment Agreement With Connie Jordan [Member]

Employee agreement term

3 years

Base salary

$ 198,000

Percentage of bonus from gross revenue

1.00%

Percentage override of gross license fees

1.50%

Option granted

200,000

Option exercise price

$ 2.50

Employment Contract Amended With Brenden Garrison [Member]

Base salary

$ 225,000

$ 150,000

Option granted

150,000

75,000

Option exercise price

$ 4

Employment Contract Amended With Bryan Harpole [Member]

Base salary

$ 150,000

Percentage of gross override for all revenue relating to studio revenues

1.00%

Option granted

75,000

Option exercise price

$ 4

Commitments and Contingencies -

Commitments and Contingencies - Summary of Payments Under Non-Cancellable Rent Agreements (Details)	Dec. 31, 2014USD ($)
Commitments And Contingencies - Summary Of Payments Under Non-cancellable Rent Agreements Details
Year ended December 31, 2015	$ 478,269
2,016	517,758
2,017	535,314
2,018	552,864
2,019	570,414
Thereafter	28,960
Total lease commitment	$ 2,683,579

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($) None in scaling factor is -9223372036854775296	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income Taxes Details Narrative
Tax liability
Operating loss expiration date	2,034

Income Taxes - Schedule of Prov

Income Taxes - Schedule of Provision for Federal Income Tax (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income Taxes - Schedule Of Provision For Federal Income Tax Details
Net loss	$ (8,396,722)	$ (18,924,559)
Permanent differences	4,794,619	15,907,978
Valuation allowance	$ 3,602,103	$ 3,016,581
Net provision for income tax

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Asset (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Income Taxes - Schedule Of Deferred Tax Asset Details
Net operating loss carryover	$ 26,153,095	$ 22,550,993
Valuation allowance	$ (26,153,095)	$ (22,550,993)
Net deferred tax asset

Income Taxes - Schedule of De54

Income Taxes - Schedule of Deferred Tax Asset (Details) (Parenthetical)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income Taxes - Schedule Of Deferred Tax Asset Details
Percentage of tax effect expected rate	34.00%	34.00%

Going Concern (Details Narrativ

Going Concern (Details Narrative)	Dec. 31, 2014USD ($)
Going Concern Details Narrative
Convertible notes payable	$ 2,165,975

Re-audited Balances (Details Na

Re-audited Balances (Details Narrative) - USD ($)	Apr. 21, 2014	Oct. 07, 2010	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Reverse split ratio	3.5 to 1			forward 4:1 stock split
Increased additional paid in capital				$ 914,190
Stock based compensation				891,065
Deferred stock based compensation				312,500
Increased prepaid expenses			$ 335,625
Reclassed lease deposits to other assets				$ 34,403
Lease term		5 years		1 year
Reclass loans from related parties				$ 754,647
Other assets			58,993	34,403
Loans to related parties			$ 187,331	538,475
Loss on acquisition of intangible assets				1,000,000
Fair value of common stock issued				2,225,000
Additional loss on acquisition of intangible assets				150,000
Fair value of acquisition intangible assets initially recorded				150,000
Intangible assets			$ 7,085,070	5,905,456	$ 5,826,321
Intangible asset coast capitalized expensed value				440,745
Intangible assets and increased net loss approximate value				440,745
Intangible assets amortization expense				246,082
Increase decrease net loss during period				$ 494,731
Weighted average shares outstanding common stock				950,000
Originally Filed [Member]
Other assets
Loans to related parties
Loss on acquisition of intangible assets				$ 850,000
Additional loss on acquisition of intangible assets				2,075,000
Intangible assets				14,151,440
Management And Employees [Member]
Increased additional paid in capital				$ 1,197,457
Minimum [Member]
Fair market value of common stock per share				$ 0.54
Common stock grants lower amount per share price				0.54
Minimum [Member] | Private Placement [Member]
Fair market value of common stock per share				0.54
Maximum [Member]
Fair market value of common stock per share				1.14
Common stock grants lower amount per share price				$ 0.66
Maximum [Member] | Modified [Member]
Increased additional paid in capital				$ 778,408
Maximum [Member] | Private Placement [Member]
Fair market value of common stock per share				$ 0.66

Re-audited Balances - Schedule

Re-audited Balances - Schedule of Restatement of Balance Sheet (Details) - USD ($)		Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Prepaid expenses		$ 39,433	$ 422,497
Loans receivable - related parties		247,461	754,647
Other current assets		100	267
Other assets		58,993	34,403
Intangible assets, net		7,085,070	5,905,456	$ 5,826,321
Total assets		8,284,527	8,233,221
Common stock		104,502	91,119
Additional paid-in capital		151,758,762	127,484,313
Accumulated deficit		(146,383,599)	(123,038,763)
Total stockholders' equity		$ 5,479,665	4,536,669
Originally Filed [Member]
Prepaid expenses			$ 121,275
Loans receivable - related parties
Other current assets			$ 754,914
Other assets
Intangible assets, net			$ 14,151,440
Total assets			16,143,580
Common stock			92,069
Additional paid-in capital			126,142,077
Deferred stock-based compensation			(312,500)
Accumulated deficit			(113,474,618)
Total stockholders' equity			12,447,028
Adjustments [Member]
Prepaid expenses	[1]		335,625
Restatement adjustment	[2]		(34,403)
Loans receivable - related parties	[3]		754,647
Other current assets	[3]		(754,647)
Other assets	[2]		34,403
Intangible assets, net	[4]		(5,826,321)
Restatement adjustment	[5]		(2,225,000)
Restatement adjustment	[6]		(440,745)
Restatement adjustment	[7]		246,082
Total assets			(7,910,359)
Common stock	[8]		(950)
Additional paid-in capital	[5]		(2,075,000)
Restatement adjustment	[9]		1,197,457
Restatement adjustment	[10]		778,408
Restatement adjustment	[1]		914,190
Restatement adjustment	[11]		494,731
Restatement adjustment	[12]		31,500
Restatement adjustment	[8]		950
Deferred stock-based compensation	[1]		312,500
Accumulated deficit	[4]		(5,826,321)
Restatement adjustment	[12]		(31,500)
Restatement adjustment			(3,706,324)
Total stockholders' equity			$ (7,910,359)
[1]	(A) To correct stock based compensation related to common stock issued for services. Initially, the Company estimated value of the fair market value of the Company's common stock at prices ranging from $0.54 - $1.14, which was based upon a mix of amounts per a proposed private placement in which was being circulated and other . However, actual sales of common stock at the time of the grants were at much lower amounts ranging from $0.54 - $0.66 per share. This decrease was offset by shares in which were incorrectly valued at lower price in which additional shares were issued during the forward 4:1 stock split. These individuals received more shares than the prorata 4:1 split. Thus, the additional shares needed to be valued. The change in the fair market value of the Company's common stock increased additional paid in capital by $914,190 and stock based compensation by $891,065. Included within this amount, was a services agreement with Nick Mitsakos with a one year term. Initially, the Company recorded the unamortized portion of $312,500 as deferred stock based compensation. To correct, the Company recorded the remaining amortization as a prepaid, amortizing over the term of the agreement. The adjustment increased prepaid expenses by $335,625 at December 31, 2014. In addition, the transaction resulted in a correction to the cash flow statement in which a non-cash financing transaction was reflected.
[2]	(B) To correct lease deposits in which were incorrectly recorded as current assets. The Company reclassed $34,403 in lease deposits to other assets as term of corresponding leases are greater than one year. The correction impacted the cash flow as the amounts expended during the year of $34,403 were changed to reflect them as an investing activity.
[3]	(C) To reclass loans from related parties of $754,647 to its own line item on the accompanying consolidated balance sheet. Previously these amounts were incorrectly classified within other current assets. The reclass did not have an impact on the accompanying consolidated statement of operations but did impact the consolidated cash flow statement for amounts advanced during the year of $538,475 which should have been reflected as investing activities. Immediately prior to their resignation, the Company's former independent registered accounting firm indicated that the balances of the Company’s intangible assets were possibly materially misstated and that impairments recorded during the year ended December 31, 2014, should have possibly recorded in prior years. In connection, with this communication the Company reviewed all intangible assets from inception to determine if the correct accounting guidance was followed and whether or not an error existed. Based upon this review the Company concluded that 1) The expected life of 15 years for technology related intangibles should have been five years which mirrored the period in which the Company expected to realize the benefit of such intangibles and; 2) A significant amount of costs related to the development of the Company’s products incurred prior to December 31, 2012 should have been expensed rather than capitalized as the technical feasibility stage had not been met; and 3) and some of the projects in which were put on hold, due to new projects or change in focus, should have been impaired due to the lack of expected cash flows to support such. The following adjustments were recorded:
[4]	(D) To correct the carrying value of intangible assets and the related amortization. Prior to December 31, 2012, the Company either incorrectly capitalized costs or amortized them over an incorrect period. At December 31, 2012, the Company reduced net intangible assets by $5,826,321 with the offset to retained earnings.
[5]	(E) To correct the fair market value of common stock issued for asset acquisitions. The Company initially recorded the fair market value of common stock issued for these assets based upon the traded price of the predecessor's stock price prior to the reverse merger with the Company. At the time of acquisition, the Company was selling its common stock at prices ranging from $0.54 - $0.66 through private placements. The adjustment reduced the fair value of the common stock issued by $2,225,000, reducing the asset value and equity. In addition, $150,000 was expensed as additional loss on acquisition of intangible assets due to the underlying stock being valued $150,000 less than initially recorded. Initially, the cash flow statement did not reflect the day one impairment of assets received. Thus, the cash flow statement was corrected to reflect an impairment loss of $1,000,000 and $850,000 in investing activities. In addition, non-cash investing activities decreased by $2,075,000, the amount recorded to additional-paid in capital.
[6]	(F) To expense items incorrectly capitalized as intangible assets. Based upon the Company’s analysis of cost capitalized during the year ended December 31, 2013, it was determined that $440,745 of costs previously capitalized should be expensed as they did not meet the asset capitalization criteria. The correction lowered intangible assets and increased the net loss by approximately $440,745.
[7]	(G) To correct amortization expense on intangible assets. The Company lowered amortization expense for the year ended December 31, 2013 by $246,082. The decrease was primarily due to the reduction in carrying value of the intangible assets prior to December 31, 2012 as well as a decrease in estimated life of such asset from fifteen to five year.
[8]	(L) To correct the par value of shares incorrectly shown as outstanding as of December 31, 2013 in which were never issued. The shares were not split effected during the 4:1 forward split and thus causing the error. In addition, the item had an impact on the weighted average shares outstanding of approximately 950,000 common shares.
[9]	(H) To correct stock based compensation related to options granted to management and employees. The Company uses the Black Scholes model to value. Initially the model included the estimated value of the fair market value of the Company's common stock at a price in which was less than the actual fair market value of the Company's common stock based upon recent private placements and the closing market price. The change in the fair market value of the Company’s common stock required $1,197,457 in additional compensation.
[10]	(I) To correct stock based compensation related to options in which were modified. The Company uses the Black Schoels model to value the value of the options immediately before and after the modification. Initially the model included the estimated value of the fair market value of the Company's common stock at a price in which was less than the actual fair market value of the Company's common stock based upon recent private placements and the closing market price. The change in the fair market value of the Company’s common stock required $778,408 in additional compensation.
[11]	(J) To correct bonuses recorded as an offset to equity rather than expense. The bonuses were based upon a percent of capital raised and payable to Christopher Carmichael and Connie Jordan. Previously, the bonuses had been recorded as an offset to the proceeds recorded within additional paid in capital. The correction increased the net loss for the year ended December 31, 2013 by $494,731.
[12]	(K) To correct the value of common stock issued initial recorded in 2013 for assets acquired prior to December 31, 2012.

Re-audited Balances - Schedul58

Re-audited Balances - Schedule of Restatement of Statement of Operations (Details) - USD ($)		12 Months Ended
		Dec. 31, 2014	Dec. 31, 2013
Outside and development services		$ 595,903	$ 802,924
Payroll expense		3,397,481	2,869,530
Stock-based compensation		14,101,821	46,788,172
Depreciation and amortization		$ 1,866,852	1,035,849
Loss on acquisition of intangible assets			1,000,000
Net loss		$ (23,344,836)	$ (55,660,467)
Basic and diluted loss per share		$ (0.24)	$ (0.80)
Weighted average shares outstanding		97,213,735	69,834,329
Originally Filed [Member]
Outside and development services			$ 362,179
Payroll expense			2,374,799
Stock-based compensation			43,921,242
Depreciation and amortization			1,281,931
Loss on acquisition of intangible assets			850,000
Net loss			$ (51,954,143)
Basic and diluted loss per share			$ (0.73)
Weighted average shares outstanding			70,784,329
Adjustments [Member]
Outside and development services	[1]		$ 440,745
Payroll expense	[2]		494,731
Stock-based compensation	[3]		1,197,457
Restatement adjustment	[4]		778,408
Restatement adjustment	[5]		891,065
Depreciation and amortization	[6]		(246,082)
Loss on acquisition of intangible assets	[7]		150,000
Net loss			$ (3,706,324)
Weighted average shares outstanding	[8]		(950,000)
[1]	(F) To expense items incorrectly capitalized as intangible assets. Based upon the Company’s analysis of cost capitalized during the year ended December 31, 2013, it was determined that $440,745 of costs previously capitalized should be expensed as they did not meet the asset capitalization criteria. The correction lowered intangible assets and increased the net loss by approximately $440,745.
[2]	(J) To correct bonuses recorded as an offset to equity rather than expense. The bonuses were based upon a percent of capital raised and payable to Christopher Carmichael and Connie Jordan. Previously, the bonuses had been recorded as an offset to the proceeds recorded within additional paid in capital. The correction increased the net loss for the year ended December 31, 2013 by $494,731.
[3]	(H) To correct stock based compensation related to options granted to management and employees. The Company uses the Black Scholes model to value. Initially the model included the estimated value of the fair market value of the Company's common stock at a price in which was less than the actual fair market value of the Company's common stock based upon recent private placements and the closing market price. The change in the fair market value of the Company’s common stock required $1,197,457 in additional compensation.
[4]	(I) To correct stock based compensation related to options in which were modified. The Company uses the Black Schoels model to value the value of the options immediately before and after the modification. Initially the model included the estimated value of the fair market value of the Company's common stock at a price in which was less than the actual fair market value of the Company's common stock based upon recent private placements and the closing market price. The change in the fair market value of the Company’s common stock required $778,408 in additional compensation.
[5]	(A) To correct stock based compensation related to common stock issued for services. Initially, the Company estimated value of the fair market value of the Company's common stock at prices ranging from $0.54 - $1.14, which was based upon a mix of amounts per a proposed private placement in which was being circulated and other . However, actual sales of common stock at the time of the grants were at much lower amounts ranging from $0.54 - $0.66 per share. This decrease was offset by shares in which were incorrectly valued at lower price in which additional shares were issued during the forward 4:1 stock split. These individuals received more shares than the prorata 4:1 split. Thus, the additional shares needed to be valued. The change in the fair market value of the Company's common stock increased additional paid in capital by $914,190 and stock based compensation by $891,065. Included within this amount, was a services agreement with Nick Mitsakos with a one year term. Initially, the Company recorded the unamortized portion of $312,500 as deferred stock based compensation. To correct, the Company recorded the remaining amortization as a prepaid, amortizing over the term of the agreement. The adjustment increased prepaid expenses by $335,625 at December 31, 2014. In addition, the transaction resulted in a correction to the cash flow statement in which a non-cash financing transaction was reflected.
[6]	(G) To correct amortization expense on intangible assets. The Company lowered amortization expense for the year ended December 31, 2013 by $246,082. The decrease was primarily due to the reduction in carrying value of the intangible assets prior to December 31, 2012 as well as a decrease in estimated life of such asset from fifteen to five year.
[7]	(E) To correct the fair market value of common stock issued for asset acquisitions. The Company initially recorded the fair market value of common stock issued for these assets based upon the traded price of the predecessor's stock price prior to the reverse merger with the Company. At the time of acquisition, the Company was selling its common stock at prices ranging from $0.54 - $0.66 through private placements. The adjustment reduced the fair value of the common stock issued by $2,225,000, reducing the asset value and equity. In addition, $150,000 was expensed as additional loss on acquisition of intangible assets due to the underlying stock being valued $150,000 less than initially recorded. Initially, the cash flow statement did not reflect the day one impairment of assets received. Thus, the cash flow statement was corrected to reflect an impairment loss of $1,000,000 and $850,000 in investing activities. In addition, non-cash investing activities decreased by $2,075,000, the amount recorded to additional-paid in capital.
[8]	(L) To correct the par value of shares incorrectly shown as outstanding as of December 31, 2013 in which were never issued. The shares were not split effected during the 4:1 forward split and thus causing the error. In addition, the item had an impact on the weighted average shares outstanding of approximately 950,000 common shares.

Re-audited Balances - Schedul59

Re-audited Balances - Schedule of Restatement of Statement of Cash Flows (Details) - USD ($)		12 Months Ended
		Dec. 31, 2014	Dec. 31, 2013
Net loss		$ (24,696,241)	$ (55,660,467)
Depreciation and amortization		$ 1,866,852	1,035,849
Impairment expense			1,045,000
Stock-based compensation		$ 14,101,821	46,788,172
Prepaid expenses		47,439	$ 74,122
Other current assets		(185,515)
Net cash used in operating activities		(7,832,222)	$ (6,221,492)
Loans to related parties		(187,331)	(538,475)
Other assets		(24,590)	(34,403)
Acquisition of intangible assets		(392,977)	(530,601)
Net cash used in investing activities		(634,221)	(1,373,621)
Net cash provided by financing activities		8,494,429	7,550,750
Value of common shares issued for assets		$ 2,250,000	4,407,501
Conversion of preferred stock into common stock			685
Common stock recorded as a prepaid			1,052,500
Originally Filed [Member]
Net loss			(51,954,143)
Depreciation and amortization			1,281,931
Impairment expense			45,000
Stock-based compensation			43,921,242
Prepaid expenses			39,719
Other current assets			(538,475)
Net cash used in operating activities			$ (6,708,896)
Loans to related parties
Other assets
Acquisition of intangible assets			$ (121,346)
Net cash used in investing activities			(358,871)
Equity issuance costs			(494,731)
Net cash provided by financing activities			7,056,021
Value of common shares issued for assets			$ 6,482,501
Conversion of preferred stock into common stock
Common stock recorded as a prepaid
Adjustments [Member]
Net loss			$ (3,706,324)
Depreciation and amortization	[1]		(246,082)
Impairment expense	[2]		1,000,000
Stock-based compensation	[3]		1,197,457
Restatement adjustment	[4]		778,408
Restatement adjustment	[5]		891,065
Prepaid expenses	[6]		34,403
Other current assets	[7]		538,475
Net cash used in operating activities			487,402
Loans to related parties	[7]		(538,475)
Other assets	[6]		(34,403)
Acquisition of intangible assets	[2]		(850,000)
Restatement adjustment	[8]		440,745
Net cash used in investing activities			(1,422,878)
Equity issuance costs	[9]		494,731
Net cash provided by financing activities			494,731
Value of common shares issued for assets	[2]		(2,075,000)
Conversion of preferred stock into common stock			685
Common stock recorded as a prepaid	[5]		$ 1,052,500
[1]	(G) To correct amortization expense on intangible assets. The Company lowered amortization expense for the year ended December 31, 2013 by $246,082. The decrease was primarily due to the reduction in carrying value of the intangible assets prior to December 31, 2012 as well as a decrease in estimated life of such asset from fifteen to five year.
[2]	(E) To correct the fair market value of common stock issued for asset acquisitions. The Company initially recorded the fair market value of common stock issued for these assets based upon the traded price of the predecessor's stock price prior to the reverse merger with the Company. At the time of acquisition, the Company was selling its common stock at prices ranging from $0.54 - $0.66 through private placements. The adjustment reduced the fair value of the common stock issued by $2,225,000, reducing the asset value and equity. In addition, $150,000 was expensed as additional loss on acquisition of intangible assets due to the underlying stock being valued $150,000 less than initially recorded. Initially, the cash flow statement did not reflect the day one impairment of assets received. Thus, the cash flow statement was corrected to reflect an impairment loss of $1,000,000 and $850,000 in investing activities. In addition, non-cash investing activities decreased by $2,075,000, the amount recorded to additional-paid in capital.
[3]	(H) To correct stock based compensation related to options granted to management and employees. The Company uses the Black Scholes model to value. Initially the model included the estimated value of the fair market value of the Company's common stock at a price in which was less than the actual fair market value of the Company's common stock based upon recent private placements and the closing market price. The change in the fair market value of the Company’s common stock required $1,197,457 in additional compensation.
[4]	(I) To correct stock based compensation related to options in which were modified. The Company uses the Black Schoels model to value the value of the options immediately before and after the modification. Initially the model included the estimated value of the fair market value of the Company's common stock at a price in which was less than the actual fair market value of the Company's common stock based upon recent private placements and the closing market price. The change in the fair market value of the Company’s common stock required $778,408 in additional compensation.
[5]	(A) To correct stock based compensation related to common stock issued for services. Initially, the Company estimated value of the fair market value of the Company's common stock at prices ranging from $0.54 - $1.14, which was based upon a mix of amounts per a proposed private placement in which was being circulated and other . However, actual sales of common stock at the time of the grants were at much lower amounts ranging from $0.54 - $0.66 per share. This decrease was offset by shares in which were incorrectly valued at lower price in which additional shares were issued during the forward 4:1 stock split. These individuals received more shares than the prorata 4:1 split. Thus, the additional shares needed to be valued. The change in the fair market value of the Company's common stock increased additional paid in capital by $914,190 and stock based compensation by $891,065. Included within this amount, was a services agreement with Nick Mitsakos with a one year term. Initially, the Company recorded the unamortized portion of $312,500 as deferred stock based compensation. To correct, the Company recorded the remaining amortization as a prepaid, amortizing over the term of the agreement. The adjustment increased prepaid expenses by $335,625 at December 31, 2014. In addition, the transaction resulted in a correction to the cash flow statement in which a non-cash financing transaction was reflected.
[6]	(B) To correct lease deposits in which were incorrectly recorded as current assets. The Company reclassed $34,403 in lease deposits to other assets as term of corresponding leases are greater than one year. The correction impacted the cash flow as the amounts expended during the year of $34,403 were changed to reflect them as an investing activity.
[7]	(C) To reclass loans from related parties of $754,647 to its own line item on the accompanying consolidated balance sheet. Previously these amounts were incorrectly classified within other current assets. The reclass did not have an impact on the accompanying consolidated statement of operations but did impact the consolidated cash flow statement for amounts advanced during the year of $538,475 which should have been reflected as investing activities. Immediately prior to their resignation, the Company's former independent registered accounting firm indicated that the balances of the Company’s intangible assets were possibly materially misstated and that impairments recorded during the year ended December 31, 2014, should have possibly recorded in prior years. In connection, with this communication the Company reviewed all intangible assets from inception to determine if the correct accounting guidance was followed and whether or not an error existed. Based upon this review the Company concluded that 1) The expected life of 15 years for technology related intangibles should have been five years which mirrored the period in which the Company expected to realize the benefit of such intangibles and; 2) A significant amount of costs related to the development of the Company’s products incurred prior to December 31, 2012 should have been expensed rather than capitalized as the technical feasibility stage had not been met; and 3) and some of the projects in which were put on hold, due to new projects or change in focus, should have been impaired due to the lack of expected cash flows to support such. The following adjustments were recorded:
[8]	(F) To expense items incorrectly capitalized as intangible assets. Based upon the Company’s analysis of cost capitalized during the year ended December 31, 2013, it was determined that $440,745 of costs previously capitalized should be expensed as they did not meet the asset capitalization criteria. The correction lowered intangible assets and increased the net loss by approximately $440,745.
[9]	(J) To correct bonuses recorded as an offset to equity rather than expense. The bonuses were based upon a percent of capital raised and payable to Christopher Carmichael and Connie Jordan. Previously, the bonuses had been recorded as an offset to the proceeds recorded within additional paid in capital. The correction increased the net loss for the year ended December 31, 2013 by $494,731.

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	Mar. 31, 2015	Jan. 12, 2015	Feb. 28, 2015	Dec. 31, 2014	Dec. 31, 2013
Preferred stock, shares authorized				10,000,000	10,000,000
Preferred stock, par value per share				$ 0.001	$ 0.001
Subsequent Event [Member]
Number of shares aggregate receive in merger consideration				13,242,334
proceeds from convertible notes payable				$ 2,165,975
Number of common stock issued during period				17,243,000
Cash proceeds				$ 1,520,500
Subsequent Event [Member] | Promissory Note [Member] | LG Capital Funding LLC [Member]
Due to related party		$ 162,552
Note terminated date		Jul. 9, 2015
Subsequent Event [Member] | Series A Preferred Stock [Member]
Preferred stock, shares authorized			500
Preferred stock, par value per share			$ 0.001
Dividends or liquidation preferences value			$ 0
Voting right			Each share is entitled to the equivalent of 1,000,000 votes of common stock.
Subsequent Event [Member] | Sponsor Me Inc [Member]
Percentage of acquisition issued and outstanding equity securities with related party	100.00%
Aggregate number of shares acquired in outstanding capital stock	3,878,467
Percentage of outstanding capital stock acquired	3.59%