Ubiquity 10-Q 16 Nov 15 2015 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2015	Nov. 09, 2015
Document And Entity Information
Entity Registrant Name	UBIQUITY, INC.
Entity Central Index Key	1,538,329
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2015
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		143,365,022
Trading Symbol	UBIQ
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,015

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2015	Dec. 31, 2014
Assets:
Cash and cash equivalents	$ 47,823	$ 102,286
Prepaid expenses	39,433	39,433
Loans receivable - related parties	234,831	247,461
Other current assets	100	100
Total current assets	322,187	389,280
Property and equipment, net	703,391	751,184
Other assets:
Other assets	58,993	58,993
Intangible assets, net	6,832,711	7,085,070
Total assets	7,917,282	8,284,527
Current liabilities
Accounts payable	625,934	577,990
Accrued expenses	1,801,849	1,909,354
Credit cards payable	799,388	825,854
Loans payable - related parties	170,442	48,251
Convertible note, net discount of $594,216 and $3,119, respectively	1,024,955	$ 200,881
Derivative liabilities	1,253,446
Total current liabilities	$ 5,676,014	$ 3,562,330
Accrued expenses, long-term		4,120,120
Total liabilities	$ 5,676,014	$ 7,682,450
Commitments and contingencies
Stockholders' Equity:
Preferred stock, par value $0.001, 10,000,000 shares authorized, 500 and no shares issued and outstanding as of March 31, 2015 and December 31, 2014, respectively	$ 1
Common stock, par value $0.001, 800,000,000 shares authorized, 111,838,910 and 104,502,111 shares issued and outstanding as of March 31, 2015 and December 31, 2014 respectively	111,839	$ 104,502
Additional paid-in capital	152,964,551	$ 151,758,762
Subscription receivable	(30,000)
Accumulated deficit	(150,805,123)	$ (146,383,599)
Total stockholders' equity	$ 2,241,268	5,479,665
Non-controlling interest		(4,877,588)
Total liabilities and stockholders' equity	$ 7,917,282	$ 8,284,527

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)	Mar. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Convertible note, discount	$ 594,216	$ 3,119
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	500
Preferred stock, shares outstanding	500
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	800,000,000	800,000,000
Common stock, shares issued	111,838,910	104,502,111
Common stock, shares outstanding	111,838,910	104,502,111

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Statement [Abstract]
Revenues	$ 4,569	$ 19,050
Costs of sales	6,854	39,126
Gross (loss)	(2,285)	(20,076)
Operating expenses:
Meals and entertainment	21,813	19,863
Marketing	14,535	28,335
Outside services	143,439	150,501
Payroll expense	683,886	730,377
Stock-based compensation	1,419,378	1,973,081
Office and computer	124,617	60,335
Professional fees	709,228	376,442
Rent	174,809	131,263
Travel	10,813	37,222
Taxes	12,171	316
Charitable contributions	8,708	7,718
Depreciation and amortization	449,199	371,587
Other operating expenses	238,094	103,208
Total operating expenses	4,010,690	3,990,248
Operating loss	(4,012,975)	(4,010,324)
Other income and (expense)
Interest expense	(160,381)	$ (1,155)
Change in fair market value of derivative liabilities	(512,696)
Other income (expense)	2,898
Total other income (expense), net	(670,179)	$ (1,155)
Loss before provision for income taxes	$ (4,683,154)	$ (4,011,479)
Provision for income taxes
Net loss	$ (4,683,154)	$ (4,011,479)
Loss attributable to non-controlling interest	261,630	276,758
Loss attributable to Ubiquity, Inc.	$ (4,421,524)	$ (3,734,721)
Net loss per share: basic and diluted	$ (0.04)	$ (0.04)
Weighted average number of shares outstanding: basic and diluted	105,972,195	92,245,793

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (4,683,154)	$ (4,011,479)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	449,199	371,587
Stock-based compensation	1,419,378	$ 1,973,081
Loss on change in fair market value of derivative liabilities	512,696
Amortization of debt discount	$ 136,949
Changes in operating assets and liabilities:
Accounts receivable		$ (9,950)
Prepaid expenses		(53,770)
Other current assets		5,400
Accounts payable	$ 47,946	(259,744)
Accrued expenses	130,465	156,927
Credit cards payable	(26,466)	171
Net cash used in operating activities	(2,012,987)	(1,827,177)
CASH FLOWS FROM INVESTING ACTIVITIES:
Repayment from (loans to) related parties	$ 12,630	(86,128)
Purchase of property and equipment		(2,702)
Other assets		(5,500)
Purchase/acquisition of intangible assets	$ (149,047)	(112,782)
Cash from SME		19,727
Net cash used in investing activities	$ (136,417)	$ (187,385)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from convertible notes payable	1,455,250
Proceeds from loan payable - related party	207,500	$ 64,500
Payments on loans payable- related party	(85,309)
Proceeds from sale of common stock	517,500	$ 1,939,632
Net cash provided by financing activities	2,094,941	2,004,132
Change in cash and cash equivalents	(54,463)	(10,430)
Cash and cash equivalents, beginning of period	102,286	74,300
Cash and cash equivalents, end of period	$ 47,823	$ 63,870
Supplemental disclosures of cash flow information:
Cash paid for interest
Cash paid for income taxes
Non-cash investing and financing activities:
embedded conversion feature for debt discount	$ 740,750
Subscription Receivable	30,000
Conversion of accrued wages into stock options	$ 1,118,500

Company Overview

Company Overview	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Company Overview	NOTE 1 - COMPANY OVERVIEW Ubiquity, Inc. (“Ubiquity” or “the Company”) is a multimedia company that develops ubiquitous digital applications and content in connection with its intellectual property, focusing on the intersection of cloud based, cross platform applications synchronized across all digital mediums for enhancing the digital lifestyle. The Company was formed in the State of Delaware in February 2007 and was incorporated in the State of Nevada on February 12, 2007. Ubiquity is now based in Irvine, CA along with its studio operations. As society transitions from accessing information through search to having products and services via apps to ubiquitous content and devices, the nature of all products and services has changed. The consumer wants to access all of his/her information, services, files, and other important data, as well as information in the public domain, from anywhere using any device. Ubiquity’s integrated cloud based platform with backend artificial intelligence is compatible with a multitude of devices that include tablets, phones, set top boxes, televisions, and PCs. The platform provides numerous distribution possibilities for the digital age, placing our Company at the forefront of a new class of transmedia and Web 3.0 services. We believe that content, search and social content sharing are the driving forces behind viewership. The manner in which customers will experience and interact with content is essential and the inclusion of social media and other data streams can provide a complete, immersive experience. The manner in which companies will detect, track and identify elements within the content is crucial to capturing digital revenue. Channels containing our original programming; consumer-generated programming; footage from Hollywood archives; live camera broadcasts; interactive games and music; and Transmedia products and services are the content foundation of the network. Furthermore, the combination of social networking and real-time data streams produces a rich and highly relevant user experience. Ubiquity is able to provide services that engage a client’s intended audience and reach new audiences by providing interactive and customized interface with content and services that are both of high production value and are socially relevant. Organization of Company On March 5, 2013, we entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Ubiquity Acquisition Corporation, a Nevada corporation and wholly-owned subsidiary of the Company (“Acquisition Sub”), and Ubiquity Broadcasting Corporation, a Delaware corporation (“Ubiquity-DE”). Pursuant to the terms of the Merger Agreement, Acquisition Sub merged with and into Ubiquity-DE in a statutory reverse triangular merger (the “Merger”), with Ubiquity-DE surviving as a wholly-owned subsidiary of the Company. At the closing of the Merger on September 20, 2013 (the “Closing Date”), we issued Ubiquity-DE shareholders one share of our common stock, par value $0.001 per share for each share of Ubiquity-DE’s common stock, par value $0.001 (the “Share Exchange”). As a result of the Merger, we ceased our prior operations 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. 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 purchase price 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., and members or SME management who are also members of Ubiquity management forgave approximately $3.2M in accrued salary and related payroll taxes. The company recorded the acquisition of the remaining non-controlling interest as an equity transaction in accordance with ASC 810. 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 accounted 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. As of March 31, 2015, the carrying value of Sponsor Me’s assets and liabilities were as follows: March 31, 2015 Current Assets $ 4,188 Non-Current Assets 8,267 Current Liabilities (108,434 ) Current Liabilities - Related Parties (10,000 ) Net Current Liabilities $ (105,979 ) At March 31, 2015, the following entry was recorded due to the forgiveness of accrued wages and taxes due to officers and to remove the Non-controlling interest: March 31, 2015 Accrued Wages to Officers $ (2,926,456 ) Accrued Taxes on Wages to Officers (313,136 ) Removal of Non-Controlling Interest 5,139,218 Reduction of Additional Paid-in Capital $ 1,899,626 In addition, the operations of Sponsor Me’s operations are included within these financial statements and thus a pro-forma for the three months ended March 31, 2015 and 2014 is not required. 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 and operating losses, 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 quarter end, the Company raised $785,400 in convertible notes payable, and $1,501,000 from the issuance of common stock. 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-stated 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, certain amounts were not properly accounted for in prior years and the related financial statements were materially misstated. Accordingly, the consolidated financial statements for the three months ended March 31, 2014 were re-stated (see Note 11).

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Interim Consolidated Financial Statements The accompanying unaudited interim consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the United States Securities and Exchange Commission. Certain information and disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, all adjustments and disclosures necessary for a fair presentation of these interim consolidated financial statements have been included. Such adjustments consist of normal recurring adjustments. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements of the Company for the year ended December 31, 2014. The results of operations for the three months ended March 31, 2015 are not indicative of the results that may be expected for the full year. Basis of Presentation The interim 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 interim consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries Ubiquity Broadcasting Corp. and Sponsor Me, Inc. (“SME”) for all periods presented, and its majority owned subsidiary Sprocket HK Limited (see below). Prior to March 31, 2015, the Company did not have an equity ownership in SME. However, since SME was primarily owned by officers of the Company, the Company had the power to make decisions that were most significant to SME and was expected to absorb the losses of SME. 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 above for additional information. All material inter-company accounts and transactions have been eliminated in consolidation. Sprocket HK Limited On March 3, 2015 Sprocket HK Limited was incorporated in Hong Kong. Ubiquity, Inc. holds a 51% non-dilutable stake in Sprocket HK Limited. On March 13, 2015 Ubiquity, Inc. entered into a Non-Exclusive Commercial Technology License Agreement (the “ License Agreement Sprocket Variable Interest Entity 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 interim consolidated financial statements. Under Accounting Standards Codification (“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. As of March 31, 2015, SME was acquired by Ubiquity and thus the VIE was eliminated. 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 periods ended March 31, 2015 and 2014. At March 31, 2015, SME was acquired by Ubiquity and thus the non-controlling interest was eliminated on that date. Ubiquity, Inc owns 51% of Sprocket HK Limited which is consolidated into the accompanying financial statements. However there were no operations at this entity for the period ended March 31, 2015. 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. The allowance for doubtful accounts was $70,000 at March 31, 2015 and December 31, 2014. 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. 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 five (5) years. During the three months ended March 31, 2015 and 2014, the Company incurred research and development costs of $132,510 and $136,956 and amortization expense of $401,406 and $290,401, 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. The majority 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. Derivative Financial Instruments The Company does not use derivative financial instruments to hedge exposures to cash-flow risks or market-risks that may affect the fair values of our financial instruments. However, under the provisions ASC 815 – “Derivatives and Hedging” certain financial instruments that have characteristics of a derivative, as defined by ASC 815, such as embedded conversion features on our Convertible Notes, that are potentially settled in the Company’s own common stock, are classified as liabilities when either (a) the holder possesses rights to net-cash settlement or (b) physical or net-share settlement is not within the Company’s control. In such instances, net-cash settlement is assumed for financial accounting and reporting purposes, even when the terms of the underlying contracts do not provide for net-cash settlement. Derivative financial instruments are initially recorded, and continuously carried, at fair value each reporting period. The value of the embedded conversion feature is determined using the Black-Scholes option pricing model. All future changes in the fair value of the embedded conversion feature will be recognized currently in earnings until the note is converted or redeemed. Determining the fair value of derivative financial instruments involves judgment and the use of certain relevant assumptions including, but not limited to, interest rate risk, credit risk, volatility and other factors. The use of different assumptions could have a material effect on the estimated fair value amounts. Fair Value of Financial Instruments The Company follows the guidance of 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 March 31, 2015, the Company’s derivative liabilities are considered a level 3 financial instrument, see Note 7 for discussion of valuation. As of December 31, 2014, we did not have any level 1, 2, or 3 assets or liabilities. The carrying amounts reflected in the balance sheets for cash, prepaid expenses, other assets, accounts payable, accrued expenses, and notes payable approximate the respective fair values due to the short maturities of these items. 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 $14,535 and $28,335 for the three months ended March 31, 2015 and 2014, 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, derivative liabilities, 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. Convertible notes payable, options, warrants and convertible preferred stock which are common stock equivalents are not included in the diluted earnings per share calculation for the three months ended March 31, 2015 and 2014, 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	3 Months Ended
	Mar. 31, 2015
Prepaid Expenses
Prepaid Expenses	NOTE 3 - PREPAID EXPENSES Prepaid expenses consisted of payroll deposits as of March 31, 2015 and December 31, 2014.

Property and Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2015
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 March 31, 2015 and December 31, 2014: March 31, 2015 December 31, 2014 Machinery and equipment $ 486,122 $ 486,122 Office equipment 881,100 881,100 Leasehold improvements 641,599 641,599 Subtotal 2,008,821 2,008,821 Accumulated depreciation (1,305,430 ) (1,257,637 ) Property and equipment, net $ 703,391 $ 751,184 Depreciation expense was $47,793 and $56,805 for the three months ended March 31, 2015 and 2014, respectively.

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2015
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 March 31, 2015 and December 31, 2014: March 31, 2015 December 31, 2014 Patents and trademarks $ 1,395,220 $ 1,337,798 Media projects 742,360 650,735 Sprocket Asset Group 8,275,804 8,275,804 Subtotal, intangible assets 10,413,384 10,264,337 Accumulated amortization (3,580,673 ) (3,179,267 ) Intangible assets, net $ 6,832,711 $ 7,085,070 Amortization expense for all intangible assets was $405,406 and $290,401 for the three months ended March 31, 2015 and 2014, respectively. The Sprocket Asset Group consists of the Invicta Immersive Property, Think Mobile Giftsender, Think Media, Digital Magazine, and a portion of the websites that were previously reported. The estimated amortization expense over the next five fiscal years approximates: 2015 1,200,000 2016 1,600,000 2017 1,400,000 2018 900,000 2019 200,000

Accrued Expenses

Accrued Expenses	3 Months Ended
	Mar. 31, 2015
Payables and Accruals [Abstract]
Accrued Expenses	NOTE 6 - ACCRUED EXPENSES Accrued expenses consisted of the following as of March 31, 2015 and December 31, 2014: March 31, 2015 December 31, 2014 Salaries and wages - Ubiquity, Inc. $ 445,507 $ 559,704 Payroll and other taxes 1,051,899 1,145,125 Accrued consulting fee - BOD Member 225,000 150,000 Accrued rent 59,521 52,558 Other 19,922 1,967 Total current accrued expenses 1,801,849 1,909,354 Salaries and wages, long-term - Ubiquity, Inc. - 1,000,000 Salaries and wages, long-term - Sponsor Me, Inc. - 3,120,120 Total accrued expenses $ 1,801,849 $ 6,029,474 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. See Note 8 for discussion related to compensation either paid and/or accrued for related parties. As of March 31, 2015 and December 31, 2014, total amounts accrued related to potential payroll taxes and penalties were $797,137 and $890,623, respectively. In February 2015, 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. The Company valued the options at $1,159,506 using the Black Scholes Option Pricing model, see Note 9 for variables used. In addition, accrued payroll taxes and penalties related to the forgiven salary and bonus of $118,000 were re-classed as the payroll amounts were not paid. The difference between the salary and taxes forgiven and the fair market value of the options of $41,006 was recorded as additional compensation expense.

Convertible Notes Payable

Convertible Notes Payable	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Convertible Notes Payable	NOTE 7 - CONVERTIBLE NOTES PAYABLE Convertible Notes Payable - Variable Conversion Price At various times to fund operations, the Company issues convertible notes payable in which the conversion features are variable. In addition, some of these convertible notes payable have issuance discounts and other fees withheld. During the three months ended March 31, 2015, the Company issued convertible notes payable with principal amounts aggregating $1,597,450 in which proceeds of $1,455,250 were received. The convertible notes payable incur interest rates ranging from 1% to 12% per annum with due dates ranging from August 2015 to January 2017. The convertible notes payable are convertible into common stock of the Company at discounts ranging from 55-65% of either the lowest closing prices in the 20 days before the conversion date, the lowest trading price in the 25 days before the conversion date, or the volume-weighted average price of the three days before the conversion date. Certain of these notes are convertible immediately upon issuance, while others do not become convertible for a period of 180 days after issuance. 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. The Company has recorded, or will record, a derivative liability in connection with the convertible notes payable on the date they become convertible. The combination of the original issue discount (“OID”), fees paid and allocation to the derivative liabilities resulted in discounts to the convertible notes payable. The discounts are being amortized over the term of the convertible notes payable. Subsequent to March 31, 2015, all convertible notes payable are in default due to the Company’s delinquency of its public filings. Including the convertible notes payable discussed in the preceding paragraph, as of March 31, 2015, the Company has $1,801,450 in principal of convertible notes payable with remaining discounts of $776,395. These notes also contain various default provisions including increases to the interest rate ranging from 0% to 16% and increases to the principal balance ranging from 10% to 150%. During the three months ended March 31, 2015 and 2014, $136,949 and $0 of the discount was amortized to interest expense, respectively. As of March 31, 2015, the unamortized debt discount was $776,395. Derivative Liabilities In connection with convertible notes payable, the Company records derivative liabilities for the conversion feature. The derivative liabilities are valued on the date the convertible note payable become convertible and revalued at each reporting period. During the three months ended March 31, 2015, the Company recorded derivative liabilities of $1,027,204 based upon the following Black-Scholes option pricing model average assumptions: an exercise price of $0.2035 to $1.00 our stock price on the date of grant ($0.44 to $0.57), expected dividend yield of 0%, expected volatility of 132% to 189%, risk free interest rates ranging from 0.23% to 0.56% and expected terms ranging from 1 to 2 years. Upon initial valuation, the derivative liability exceeded the face value certain of the convertible note payables by approximately $463,000, which was recorded as a day one loss on derivative liability. On March 31, 2015, the derivative liabilities were revalued at $1,253,446 resulting in a loss of $226,242 related to the change in fair market value of the derivative liabilities. The derivative liabilities were revalued using the Black-Scholes option pricing model with the following average assumptions: an exercise price of $0.1375 to $0.17, our stock price on the date of valuation ($0.325), expected dividend yield of 0%, expected volatility of 154% to 197%, risk-free interest rates ranging from 0.23% to 0.56%, and an expected terms ranging from 0.87 to 1.85 years. Future Potential Dilution Most of the Company’s convertible notes payable contain adjustable conversion terms with significant discounts to market. As of March 31, 2015, the Company’s convertible notes payable are convertible into an aggregate of approximately 60 million shares of common stock. In addition, due to the variable conversion prices on some of the Company’s convertible notes, the number of common shares issuable is dependent upon the traded price of the Company’s common stock.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2015
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. At times SC charges Ubiquity 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 three months ended March 31, 2015 and 2014: 2015 2014 Receivable from SC Business, beginning of the year $ 1,279,681 $ 437,812 Amount charged on Ubiquity Credit Cards by SC Business $ 1,398,162 $ 527,942 Amounts remitted back to Ubiquity (1,127,947 ) (380,203 ) Amounts retained by SC for settlements of Brenden Garrison’s accrued salary (2015) and amounts due SC (2014) (56,614 ) (48,291 ) PayPal and other fees incurred by SC Business (51,551 ) (18,748 ) Receivable from SC Business $ 1,441,731 $ 518,512 (1) Amounts remitted to SME $ 152,050 $ 80,700 (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 three months ended March 31, 2015 and 2014: 2015 2014 Receivable from Max Gan, beginning of year $ 247,461 $ 125,920 Amount charged on Ubiquity Credit Cards $ 232,289 $ 176,976 Amounts remitted back to Ubiquity (246,620 ) (172,887 ) PayPal and other fees incurred (8,177 ) (4,089 ) Interest Service fees charged $ 0 $ 0 Receivable from Max Gan, end of period $ 224,953 $ 125,920 Nicholas Mitsakos Nicholas Mitsakos 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 three months ended March 31, 2015 and 2014, the Company recorded expense of $75,000 and $75,000, respectively, under the contract. As of March 31, 2015 and December 31, 2014, the cash amounts owed under the contract were $225,000 and $150,000, 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. During the three months ended March 31, 2015 and 2014, the Company expensed $7,500 and $7,500 in consulting fees, and owed him $10,000 and $10,000, in reference to a note payable at March 31, 2015 and December 31, 2014, 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 $5,195 and $6,752 related to her salary and personal expenses charged against her salary during the three months ended March 31, 2015 and 2014, 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 $3,322 and $3,404 related to his salary and personal expenses charged against his salary during the three months ended March 31, 2015 and 2014, 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 $14,757 and $7,257 related to his salary personal expenses charged against his salary during the three months ended March 31, 2015 and 2014. Christopher Carmichael & Connie Jordan The following is a summary of compensation paid and amounts payable to Christopher Carmichael and Connie Jordan for the three months ended March 31, 2015 and 2014: Christopher Christopher Carmichael Carmichael Connie Jordan Connie Jordan 3/31/2014 3/31/2015 3/31/2014 3/31/2015 Beginning Accrued Balance $ 1,053,398 $ 2,705,365 $ 181,241 $ 1,199,523 Add SME * - January 1, 2014 $ 1,220,863 $ - $ 971,065 $ - Salary - Ubiquity, Inc. Period Ending March 31st $ 140,790 $ 142,151 $ 70,715 $ 71,914 Sponsor Me, Inc. Period Ending March 31st $ 50,000 $ 50,000 $ 45,000 $ 47,500 Director Fees - Period Ending March 31st $ - $ - $ - $ - Bonus $ 87,332 $ 10,875 $ 29,324 $ 3,263 Other $ - $ (1,000,000) {1} $ - $ - Subtotal $ 2,552,383 $ 1,908,391 $ 1,297,346 $ 1,322,199 Payments $ (179,605 ) $ (237,233 ) $ (133,198 ) $ (69,803 ) SME Amounts Forgiven in Share Exchange Agreement $ (1,261,213 ) $ (1,470,863 ) $ (1,019,088 ) $ (1,198,565 ) Accrual - Ending March 31 $ 1,111,565 $ 200,295 $ 145,060 $ 53,831 {1} Salary and bonuses forgiven for the exchange to purchase options, see note 6 * Payments do not include amounts SME paid an aggregate of approximately $20,386 and $20,861 in benefits for the three months ended March 31, 2015 and 2014, 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 three months ended March 31, 2015 and 2014, the CEO earned bonuses of $10,875 and $87,332, respectively, in connection with the bonus provisions of his related employment agreement (see Note 10). During the three months ended March 31, 2015 and 2014, the Senior Executive Vice President earned bonuses of $3,263 and $29,325, 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 March 31, 2015 and December 31, 2014, amounts payable to the CEO related to the items discussed above were $194,445 and $1,274,852, 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 March 31, 2014 and December 31, 2014, amounts payable to the Senior Executive Vice President related to the items discussed above were $42,783 and $48,458, 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. During the three months ended March 31, 2015 and 2014, the Company accrued $21,250 and $21,250, respectively, in connection with amounts due to non officer board of director members. As of March 31, 2015 and December 31, 2014, $103,750 and $82,500 was included within accrued expenses on the accompanying balance sheet. 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 and is memorialized in a formal agreement. The Company had certain notes payable outstanding to related parties as of March 31, 2015 and December 31, 2014. During the periods ended March 31, 2015 and December 31, 2014, the Company borrowed $100,000 and $225,000 from Chris Carmichael for which payments were made of $0 and $232,000, respectively. As of March 31, 2015 and December 31, 2014, Christopher Carmichael was owed $100,000 and $0, respectively. The amounts were unsecured, incurred interest at 8% per annum and due on demand. During the period ended March 31, 2015, the Company recorded accrued interest of $0 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 $10,000 as of March 31, 2015 and December 31, 2014, respectively. The amounts are unsecured, non-interest bearing and due on demand. The proceeds were used for operations. Employees of the Company were owed $60,442 and $28,250 as of March 31, 2015 and December 31, 2014, 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.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2015
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. 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. In connection with this issuance, the Company valued the shares at $295,918. The shares were valued under the provisions ASC 820 Fair Value Measurements taking into account the control premium associated with the voting provisions of the Series A. The Company expensed the value of the Series A upon issuance as there were no additional performance requirements. Proceeds from Sales of Common Stock During the periods ended March 31, 2015 and 2014, the Company issued 2,183,333 and 2,025,829 shares of common stock for cash proceeds of $517,500 and $1,746,632, respectively. In addition, as of March 31, 2015 the Company has a subscription receivable of $40,000. During the three months ended March 31, 2014, 1,664,000 shares of SME’s common stock were issued for cash proceeds of $193,000. Common Stock Issued for Services and Settlement During the three months ended March 31, 2015 and 2014, the Company issued 700,000 and 121,543 shares of common stock for services. The Company determined the value of such shares to be $364,000 and $1,023,779 for the three months ended March 31, 2015 and 2014, 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. 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. On March 6, 2015, the Company issued the CEO and the SEVP 250 shares each of Series A Preferred Stock. In connection with this issuance, the Company valued the shares at $295,918. The shares were valued under the provisions ASC 820 Fair Value Measurements taking into account the control premium associated with the voting provisions of the Series A. The Company expensed the value of the Series A upon issuance as there were no additional performance requirements. 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 three months ended March 31, 2014, stock based compensation expense of $263,125 was recorded. Options 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. During the three months ended March 31, 2015 and 2014, the Company recorded $202,972 and $686,177 in compensation expense in connection with the options, respectively. The Company expects to record the remaining unamortized portion of $541,258 during the year ending December 31, 2015. During the three months ended March 31, 2015, the Company granted options to purchase 1,225,000 shares of common stock to the board of directors and employees, including 600,000 to the CEO and 400,000 to the EVP in connection with their employment; 2,561,856 to the CEO in connection with the forgiveness of $1.0 million in accrued salary; and 225,000 to employees. The options were valued at $765,927 on the grant date using the Black-Scholes option-pricing model with the following assumptions: exercise prices ranging from $0.49 to $0.67; dividend yield of 0%; expected volatility of 164.0%; risk-free interest rates of 0.12% and expected life of 60 months. During the three months ended March 31, 2015, the Company recorded $191,482 in compensation expense in connection with the options, respectively. The Company expects to record the remaining unamortized portion of $574,445 during the year ending December 31, 2015. In Addition, the company issued 2,561,856 options to the CEO in connection with the forgiveness of $1 Million in accrued salary (see note 6). Such options were valued with assumptions consistent with this noted above. 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 March 31, 2015, all options were exercisable at prices above the fair market value of the Company’s common stock.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 10 - COMMITMENTS AND CONTINGENCIES 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 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 receives 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 receives 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 to the 10-K, 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 March 31, 2015, 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. The Company has 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. 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 $797,137 of estimated taxes, penalties and interest in accrued expenses in the accompanying consolidated balance sheet as of March 31, 2015. 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. The Company’s position is that it’s cancellation of the consulting agreement was justified due to the non-performance of TDM; TDM disputes that position. 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. All causes of action asserted by the Company arise out of an agreement executed between the company and some of the TGS Defendants. On September 25, 2014, a complaint was filed by the Company as the Plaintiff against TDM, Biznexion, Inc., Acosta Investments, LLC, Carlos Orellana, Ivano Stamegna, Anthony Cesare and other defendants (collectively, the “TDM 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 certain agreements forming the basis for the legal action, 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., TDM, the TGS Defendants, the TDM Defendants, and all other parties to the lawsuits referenced above submitted to the Superior Court of California, County of Orange a request for dismissal of all actions between the parties. All such parties executed 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. Castro Actions 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 (the “Castro Settlement”). Under the Castro Settlement the Company paid Castro monetary compensation in exchange for providing certain agreements and assurances designed to protect certain intellectual property, business plans, road maps, vendors, investor relationships, employee relationships, contractors and work in progress. The arbitration complaint filed by the Company alleges that Castro breached the Castro Settlement and is seeking damages in the amount of $176,763, representing a refund of what the Company has paid to Castro. The Company is also seeking injunctive relief, actuals losses incurred by Castro’s breach, and damages for unjust enrichment including expenses and other damages. The Arbitration is currently in the discovery phase, which will enable both Castro and the Company to obtain documents and further evidence supporting their respective cases, as well question witnesses and the parties. The Arbitration is scheduled to be resolved in February, 2016. Settlement With Four UBIQ Shareholders The Company entered into a settlement agreement on 25 February 2015 (the “ Original Settlement Shareholders Additional Shares On 03 July 2015 the Company entered into a subsequent settlement agreement with the same Shareholders (the “ Second Settlement On 21 October 2015 the Company received a letter from counsel to the Shareholders that they decided to terminate the Second Settlement as the Company was unable to remove the Rule 144 restrictive legend from the Additional Shares. Since the Company was not current in its filings with the SEC it was unable to remove said legend. In light of the legal inability to satisfy that provision of the Second Settlement, the Company believes it can enforce the Second Settlement and that there is no material exposure to the Company. Typenex Matter: On 14 August 2015 the Company was served with a demand for arbitration by Typenex Co-Investment, LLC (“ Typenex Note Lease Matter: The Company is currently operating under a forbearance arrangement with its landlord, Avant Garde, for the lease of its office space in Irvine, California. After paying September, 2015 rent late under the applicable lease, Avante Garde is requesting additional security for the continued use of the leased premises by the Company. A letter of credit and additional security alternatives are being discussed. Discussions between Avante Garde and the Company are ongoing. The Company believes that an agreement will be reached with Avante Garde for additional security on the lease. North Matter: 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. Financing On November 10, 2014, the Company engaged Deutsche Bank Securities Inc. to perform such financial advisory and investment banking services as the Company 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 the Company 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. 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 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.

Restated Balances

Restated Balances	3 Months Ended
	Mar. 31, 2015
Restated Balances
Restated Balances	NOTE 11 - RESTATED 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 review of the Company’s accounting for certain intangible assets, the valuation of certain equity instruments, the non-consolidation of SME that certain amounts were not properly accounted for in prior years and that the financial statement for the three months ended March 31, 2014 were materially misstated. The following is a summary of the changes in balances from the Company’s previously issued financials for the three months ended March 31, 2014 compared to the balances contained in the accompanying consolidated financial statements, which reflect the adjustments necessary to conform to the audited 2014 balances. Statement of Operations: Originally Filed Three Months Ended March 31, 2014 Adjustments As Filed Herein Three Months Ended March 31, 2014 Revenues - related party $ 250,000 $ (250,000 ) (A) $ - Meals and entertainment 18,202 1,661 (A) 19,863 Marketing 27,203 1,132 (A) 28,335 Outside and development services 13,545 136,956 (B) 150,501 Payroll expense 408,464 208,382 (A) 730,377 113,531 (C) Stock-based compensation 1,336,279 686,177 (D) 1,973,081 (49,375 ) (E) Office and computer 59,564 771 (A) 60,335 Professional fees 326,555 24,887 (A) 376,442 25,000 (F) Rent 131,443 (180 ) (A) 131,263 Travel 36,466 756 (A) 37,222 Taxes 203 113 (A) 316 Depreciation and amortization 357,102 24,381 (A) 371,587 (9,896 ) (B) Other operating expenses 87,857 15,351 (A) 103,208 Interest expense - (1,155 ) (A) (1,155 ) Net loss $ (2,580,677 ) $ (1,430,802 ) $ (4,011,479 ) Basic and diluted loss per share $ (0.03 ) $ (0.04 ) Weighted average shares outstanding 93,195,793 (950,000 ) (G) 92,245,793 Statement of Cash Flows: Originally Filed Three Months Ended March 31, 2014 Adjustments As Filed Herein Three Months Ended March 31, 2014 Net loss $ (2,580,677 ) (1,430,802 ) $ (4,011,479 ) Depreciation and amortization 357,102 24,381 (A) 371,587 (9,896 ) (B) Stock-based compensation 1,336,279 686,177 (D) 1,973,081 (49,375 ) (E) Accounts receivable - related party (100,000 ) 100,000 (A) - Prepaid expenses (53,770 ) - (53,770 ) Other current assets (151,828 ) 157,228 (A) 5,400 Accounts payable (315,112 ) 55,368 (A) (259,744 ) Accrued expenses 51,945 104,982 (A) 156,927 Credit cards payable 726 45 (A) 771 Net cash used in operating activities $ (1,465,285 ) $ (361,892 ) $ (1,827,177 ) Originally Filed Three Months Ended March 31, 2014 Adjustments As Filed Herein Three Months Ended March 31, 2014 Loans to related parties $ - (86,128 ) (A) $ (86,128 ) Purchase of property and equipment (2,702 ) - (2,702 ) Other assets - (5,500 ) (A) (5,500 ) Acquisition of intangible assets (226,936 ) 136,956 (B) (112,782 ) (22,802 ) (A) Cash from SME - 19,727 (A) 19,727 Net cash used in investing activities $ (229,638 ) $ 42,253 $ (187,385 ) Originally Filed Three Months Ended March 31, 2014 Adjustments As Filed Herein Three Months Ended March 31, 2014 Net proceeds from loan payable - related party $ 50,000 14,500 (A) $ 64,500 Equity issuance costs (113,531 ) 113,531 (C) - Proceeds from sale of common stock 1,746,632 193,000 (A) 1,939,632 Net cash provided by financing activities $ 1,683,101 $ 321,031 $ 2,004,132 The following is a description of the restated March 31, 2014 as filed herein. (A) The differences reflect the consolidation of SME effective January 1, 2014 and the change to SME’s accounts during the three months ended March 31, 2014. At the time, the Company did 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. In addition, all inter-company transactions between SME and Ubiquity were eliminated. (B) To correct amortization expense on intangible assets. The Company lowered amortization expense for the three months ended March 31, 2014 by $9,896. 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. In addition, the Company expensed $136,956 in development expenses in which had been previously capitalized. (C) 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 three months ended March 31, 2014 by $113,531. (D) To correct stock based compensation related to options granted to management and employees. Initially, the options issuable under employment contract were valued at the end of the year. However, beginning in 2014 the options were valued at the beginning of the year and expensed over the course of the year. This change caused additional expense of $686,177 to be recorded within the three months ended March 31, 2014. (E) To correct stock based compensation related to common stock issued for services. In connection with a services agreement with Nick Mitsakos with a one year term entered into during 2013. 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 decreased compensation expense during the three months ended March 31, 2014 by $49,375. (F) To correct amounts accrued under Nick Mitsakos’ consulting contract in which were earned during the three months ended March 31, 2014 but recorded within a later quarter. (G) 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	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	NOTE 12 - SUBSEQUENT EVENTS Convertible Notes Payable Subsequent to March 31, 2015 through the date of this filing, the Company received $785,400 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 March 31, 2015, the Company issued approximately 30,073,979 shares of common stock for cash proceeds of $1,583,530. 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. Common stock issued for services Subsequent to March 31, 2015, the Company issued approximately 1,452,133 shares of common stock for services. Other On September 18, 2015, Ubiquity, Inc. (the “ Company Agreement” Sprocket Wearable’s On September 25, 2015 Ubiquity, Inc entered into an exclusive license agreement with Sprocket Wearable’s Inc. The agreement calls for a 15% royalty of the gross sales of all licensed goods and services and an initial license non-refundable entry fee of $1,500,000 (ONE MILLION FIVE HUNDRED THOUSAND DOLLARS), which will be used at the Corporate level for general working capital purposes. 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. 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

Summary of Significant Accoun18

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Interim Consolidated Financial Statements	Interim Consolidated Financial Statements The accompanying unaudited interim consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the United States Securities and Exchange Commission. Certain information and disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, all adjustments and disclosures necessary for a fair presentation of these interim consolidated financial statements have been included. Such adjustments consist of normal recurring adjustments. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements of the Company for the year ended December 31, 2014. The results of operations for the three months ended March 31, 2015 are not indicative of the results that may be expected for the full year.
Basis of Presentation	Basis of Presentation The interim 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 interim consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries Ubiquity Broadcasting Corp. and Sponsor Me, Inc. (“SME”) for all periods presented, and its majority owned subsidiary Sprocket HK Limited (see below). Prior to March 31, 2015, the Company did not have an equity ownership in SME. However, since SME was primarily owned by officers of the Company, the Company had the power to make decisions that were most significant to SME and was expected to absorb the losses of SME. 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 above for additional information. All material inter-company accounts and transactions have been eliminated in consolidation.
Sprockt HK Limited	Sprocket HK Limited On March 3, 2015 Sprocket HK Limited was incorporated in Hong Kong. Ubiquity, Inc. holds a 51% non-dilutable stake in Sprocket HK Limited. On March 13, 2015 Ubiquity, Inc. entered into a Non-Exclusive Commercial Technology License Agreement (the “ License Agreement Sprocket
Variable Interest Entity	Variable Interest Entity 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 interim consolidated financial statements. Under Accounting Standards Codification (“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. As of March 31, 2015, SME was acquired by Ubiquity and thus the VIE was eliminated.
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 periods ended March 31, 2015 and 2014. At March 31, 2015, SME was acquired by Ubiquity and thus the non-controlling interest was eliminated on that date. Ubiquity, Inc owns 51% of Sprocket HK Limited which is consolidated into the accompanying financial statements. However there were no operations at this entity for the period ended March 31, 2015.
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. The allowance for doubtful accounts was $70,000 at March 31, 2015 and December 31, 2014.
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. 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 five (5) years. During the three months ended March 31, 2015 and 2014, the Company incurred research and development costs of $132,510 and $136,956 and amortization expense of $401,406 and $290,401, 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. The majority 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.
Derivative Financial Instruments	Derivative Financial Instruments The Company does not use derivative financial instruments to hedge exposures to cash-flow risks or market-risks that may affect the fair values of our financial instruments. However, under the provisions ASC 815 – “Derivatives and Hedging” certain financial instruments that have characteristics of a derivative, as defined by ASC 815, such as embedded conversion features on our Convertible Notes, that are potentially settled in the Company’s own common stock, are classified as liabilities when either (a) the holder possesses rights to net-cash settlement or (b) physical or net-share settlement is not within the Company’s control. In such instances, net-cash settlement is assumed for financial accounting and reporting purposes, even when the terms of the underlying contracts do not provide for net-cash settlement. Derivative financial instruments are initially recorded, and continuously carried, at fair value each reporting period. The value of the embedded conversion feature is determined using the Black-Scholes option pricing model. All future changes in the fair value of the embedded conversion feature will be recognized currently in earnings until the note is converted or redeemed. Determining the fair value of derivative financial instruments involves judgment and the use of certain relevant assumptions including, but not limited to, interest rate risk, credit risk, volatility and other factors. The use of different assumptions could have a material effect on the estimated fair value amounts.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company follows the guidance of 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 March 31, 2015, the Company’s derivative liabilities are considered a level 3 financial instrument, see Note 7 for discussion of valuation. As of December 31, 2014, we did not have any level 1, 2, or 3 assets or liabilities. The carrying amounts reflected in the balance sheets for cash, prepaid expenses, other assets, accounts payable, accrued expenses, and notes payable approximate the respective fair values due to the short maturities of these items.
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 $14,535 and $28,335 for the three months ended March 31, 2015 and 2014, 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, derivative liabilities, 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. Convertible notes payable, options, warrants and convertible preferred stock which are common stock equivalents are not included in the diluted earnings per share calculation for the three months ended March 31, 2015 and 2014, 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.

Company Overview (Tables)

Company Overview (Tables)	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Carrying Value of Assets and Liabilities	As of March 31, 2015, the carrying value of Sponsor Me’s assets and liabilities were as follows: March 31, 2015 Current Assets $ 4,188 Non-Current Assets 8,267 Current Liabilities (108,434 ) Current Liabilities - Related Parties (10,000 ) Net Current Liabilities $ (105,979 )
Schedule of Forgiveness of Accrued Wages and Taxes due to Officers	At March 31, 2015, the following entry was recorded due to the forgiveness of accrued wages and taxes due to officers and to remove the Non-controlling interest: March 31, 2015 Accrued Wages to Officers $ (2,926,456 ) Accrued Taxes on Wages to Officers (313,136 ) Removal of Non-Controlling Interest 5,139,218 Reduction of Additional Paid-in Capital $ 1,899,626

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment recorded at cost consisted of the following as of March 31, 2015 and December 31, 2014: March 31, 2015 December 31, 2014 Machinery and equipment $ 486,122 $ 486,122 Office equipment 881,100 881,100 Leasehold improvements 641,599 641,599 Subtotal 2,008,821 2,008,821 Accumulated depreciation (1,305,430 ) (1,257,637 ) Property and equipment, net $ 703,391 $ 751,184

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2015
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 March 31, 2015 and December 31, 2014: March 31, 2015 December 31, 2014 Patents and trademarks $ 1,395,220 $ 1,337,798 Media projects 742,360 650,735 Sprocket Asset Group 8,275,804 8,275,804 Subtotal, intangible assets 10,413,384 10,264,337 Accumulated amortization (3,580,673 ) (3,179,267 ) Intangible assets, net $ 6,832,711 $ 7,085,070
Schedule of Estimated Amortization Expense	The estimated amortization expense over the next five fiscal years approximates: 2015 1,200,000 2016 1,600,000 2017 1,400,000 2018 900,000 2019 200,000

Accrued Expenses (Tables)

Accrued Expenses (Tables)	3 Months Ended
	Mar. 31, 2015
Payables and Accruals [Abstract]
Schedule of Accrued Expenses	Accrued expenses consisted of the following as of March 31, 2015 and December 31, 2014: March 31, 2015 December 31, 2014 Salaries and wages - Ubiquity, Inc. $ 445,507 $ 559,704 Payroll and other taxes 1,051,899 1,145,125 Accrued consulting fee - BOD Member 225,000 150,000 Accrued rent 59,521 52,558 Other 19,922 1,967 Total current accrued expenses 1,801,849 1,909,354 Salaries and wages, long-term - Ubiquity, Inc. - 1,000,000 Salaries and wages, long-term - Sponsor Me, Inc. - 3,120,120 Total accrued expenses $ 1,801,849 $ 6,029,474

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2015
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 three months ended March 31, 2015 and 2014: Christopher Christopher Carmichael Carmichael Connie Jordan Connie Jordan 3/31/2014 3/31/2015 3/31/2014 3/31/2015 Beginning Accrued Balance $ 1,053,398 $ 2,705,365 $ 181,241 $ 1,199,523 Add SME * - January 1, 2014 $ 1,220,863 $ - $ 971,065 $ - Salary - Ubiquity, Inc. Period Ending March 31st $ 140,790 $ 142,151 $ 70,715 $ 71,914 Sponsor Me, Inc. Period Ending March 31st $ 50,000 $ 50,000 $ 45,000 $ 47,500 Director Fees - Period Ending March 31st $ - $ - $ - $ - Bonus $ 87,332 $ 10,875 $ 29,324 $ 3,263 Other $ - $ (1,000,000) {1} $ - $ - Subtotal $ 2,552,383 $ 1,908,391 $ 1,297,346 $ 1,322,199 Payments $ (179,605 ) $ (237,233 ) $ (133,198 ) $ (69,803 ) SME Amounts Forgiven in Share Exchange Agreement $ (1,261,213 ) $ (1,470,863 ) $ (1,019,088 ) $ (1,198,565 ) Accrual - Ending March 31 $ 1,111,565 $ 200,295 $ 145,060 $ 53,831 {1} Salary and bonuses forgiven for the exchange to purchase options, see note 6 * Payments do not include amounts SME paid an aggregate of approximately $20,386 and $20,861 in benefits for the three months ended March 31, 2015 and 2014, respectively.
SC Business Inc [Member]
Summary of Compensation Paid and Amounts Payable	The following is a summary of the transactions between the parties during the three months ended March 31, 2015 and 2014: 2015 2014 Receivable from SC Business, beginning of the year $ 1,279,681 $ 437,812 Amount charged on Ubiquity Credit Cards by SC Business $ 1,398,162 $ 527,942 Amounts remitted back to Ubiquity (1,127,947 ) (380,203 ) Amounts retained by SC for settlements of Brenden Garrison’s accrued salary (2015) and amounts due SC (2014) (56,614 ) (48,291 ) PayPal and other fees incurred by SC Business (51,551 ) (18,748 ) Receivable from SC Business $ 1,441,731 $ 518,512 (1) Amounts remitted to SME $ 152,050 $ 80,700 (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	The following is a summary of the transactions between the parties during the three months ended March 31, 2015 and 2014: 2015 2014 Receivable from Max Gan, beginning of year $ 247,461 $ 125,920 Amount charged on Ubiquity Credit Cards $ 232,289 $ 176,976 Amounts remitted back to Ubiquity (246,620 ) (172,887 ) PayPal and other fees incurred (8,177 ) (4,089 ) Interest Service fees charged $ 0 $ 0 Receivable from Max Gan, end of period $ 224,953 $ 125,920

Restated Balances (Tables)

Restated Balances (Tables)	3 Months Ended
	Mar. 31, 2015
Restated Balances
Schedule of Restatement of Statement of Operations	Statement of Operations: Originally Filed Three Months Ended March 31, 2014 Adjustments As Filed Herein Three Months Ended March 31, 2014 Revenues - related party $ 250,000 $ (250,000 ) (A) $ - Meals and entertainment 18,202 1,661 (A) 19,863 Marketing 27,203 1,132 (A) 28,335 Outside and development services 13,545 136,956 (B) 150,501 Payroll expense 408,464 208,382 (A) 730,377 113,531 (C) Stock-based compensation 1,336,279 686,177 (D) 1,973,081 (49,375 ) (E) Office and computer 59,564 771 (A) 60,335 Professional fees 326,555 24,887 (A) 376,442 25,000 (F) Rent 131,443 (180 ) (A) 131,263 Travel 36,466 756 (A) 37,222 Taxes 203 113 (A) 316 Depreciation and amortization 357,102 24,381 (A) 371,587 (9,896 ) (B) Other operating expenses 87,857 15,351 (A) 103,208 Interest expense - (1,155 ) (A) (1,155 ) Net loss $ (2,580,677 ) $ (1,430,802 ) $ (4,011,479 ) Basic and diluted loss per share $ (0.03 ) $ (0.04 ) Weighted average shares outstanding 93,195,793 (950,000 ) (G) 92,245,793
Schedule of Restatement of Statement of Cash Flows	Statement of Cash Flows: Originally Filed Three Months Ended March 31, 2014 Adjustments As Filed Herein Three Months Ended March 31, 2014 Net loss $ (2,580,677 ) (1,430,802 ) $ (4,011,479 ) Depreciation and amortization 357,102 24,381 (A) 371,587 (9,896 ) (B) Stock-based compensation 1,336,279 686,177 (D) 1,973,081 (49,375 ) (E) Accounts receivable - related party (100,000 ) 100,000 (A) - Prepaid expenses (53,770 ) - (53,770 ) Other current assets (151,828 ) 157,228 (A) 5,400 Accounts payable (315,112 ) 55,368 (A) (259,744 ) Accrued expenses 51,945 104,982 (A) 156,927 Credit cards payable 726 45 (A) 771 Net cash used in operating activities $ (1,465,285 ) $ (361,892 ) $ (1,827,177 ) Originally Filed Three Months Ended March 31, 2014 Adjustments As Filed Herein Three Months Ended March 31, 2014 Loans to related parties $ - (86,128 ) (A) $ (86,128 ) Purchase of property and equipment (2,702 ) - (2,702 ) Other assets - (5,500 ) (A) (5,500 ) Acquisition of intangible assets (226,936 ) 136,956 (B) (112,782 ) (22,802 ) (A) Cash from SME - 19,727 (A) 19,727 Net cash used in investing activities $ (229,638 ) $ 42,253 $ (187,385 ) Originally Filed Three Months Ended March 31, 2014 Adjustments As Filed Herein Three Months Ended March 31, 2014 Net proceeds from loan payable - related party $ 50,000 14,500 (A) $ 64,500 Equity issuance costs (113,531 ) 113,531 (C) - Proceeds from sale of common stock 1,746,632 193,000 (A) 1,939,632 Net cash provided by financing activities $ 1,683,101 $ 321,031 $ 2,004,132 The following is a description of the restated March 31, 2014 as filed herein. (A) The differences reflect the consolidation of SME effective January 1, 2014 and the change to SME’s accounts during the three months ended March 31, 2014. At the time, the Company did 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. In addition, all inter-company transactions between SME and Ubiquity were eliminated. (B) To correct amortization expense on intangible assets. The Company lowered amortization expense for the three months ended March 31, 2014 by $9,896. 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. In addition, the Company expensed $136,956 in development expenses in which had been previously capitalized. (C) 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 three months ended March 31, 2014 by $113,531. (D) To correct stock based compensation related to options granted to management and employees. Initially, the options issuable under employment contract were valued at the end of the year. However, beginning in 2014 the options were valued at the beginning of the year and expensed over the course of the year. This change caused additional expense of $686,177 to be recorded within the three months ended March 31, 2014. (E) To correct stock based compensation related to common stock issued for services. In connection with a services agreement with Nick Mitsakos with a one year term entered into during 2013. 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 decreased compensation expense during the three months ended March 31, 2014 by $49,375. (F) To correct amounts accrued under Nick Mitsakos’ consulting contract in which were earned during the three months ended March 31, 2014 but recorded within a later quarter. (G) 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.

Company Overview (Details Narra

Company Overview (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2013
Par value of common stock	$ 0.001	$ 0.001
Convertible notes payable	$ 785,400
Proceeds from issuance of common stock	$ 1,501,000
Sponsor Me [Member]
Acquisition percentage	100.00%
Number of shares acquired	3,878,467
Forgaveness of accrued salary and related payroll taxes	$ 3,200,000
Merger Agreement [Member]
Par value of common stock			$ 0.001

Organization and Nature of Busi

Organization and Nature of Business - Schedule of Carrying Value of Assets and Liabilities (Details) - USD ($)	Mar. 31, 2015	Dec. 31, 2014
Current Assets	$ (322,187)	$ (389,280)
Total current liabilities	5,676,014	$ 3,562,330
Sponsor Me [Member]
Current Assets	4,188
Non-Current Assets	8,267
Current Liabilities	(108,434)
Current Liabilities - Related Parties	(10,000)
Total current liabilities	$ (105,979)

Organization and Nature of Bu27

Organization and Nature of Business - Schedule of Forgiveness of Accrued Wages and Taxes due to Officers (Details) - USD ($)	Mar. 31, 2015	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accrued Wages to Officers	$ (2,926,456)	$ 6,029,474
Accrued Taxes on Wages to Officers	(313,136)
Removal of Non-Controlling Interest	5,139,218
Reduction of Additional Paid-in Capital	$ 1,899,626

Summary of Significant Accoun28

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Mar. 13, 2015	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Related Party Transaction [Line Items]
Percentage of minority ownership		100.00%
Allowance for doubtful accounts		$ 70,000		$ 70,000
Estimated useful life of intangible assets		5 years
Research and development costs		$ 132,510	$ 136,956
Amortization expense		401,406	290,401
Advertising costs		$ 14,535	$ 28,335
Tax benefits likely being realized upon settlement		more than 50%
Minimum [Member]
Related Party Transaction [Line Items]
Estimated useful life		3 years
Maximum [Member]
Related Party Transaction [Line Items]
Estimated useful life		15 years
Sprocket HK Limited [Member]
Related Party Transaction [Line Items]
Percentage of non-dilutable ownership	51.00%
Minimum revenue from licensing agreement	$ 100,000
Percentage of revenue from subsidiary	60.00%
Percentage of minority ownership		51.00%

Property and Equipment (Details

Property and Equipment (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 47,793	$ 56,805

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($)	Mar. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,008,821	$ 2,008,821
Accumulated depreciation	(1,305,430)	(1,257,637)
Property and equipment, net	703,391	751,184
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	486,122	486,122
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	881,100	881,100
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 641,599	$ 641,599

Intangible Assets (Details Narr

Intangible Assets (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 405,406	$ 290,401

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangibles Assets (Details) - USD ($)	Mar. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Subtotal, intangible assets	$ 10,413,384	$ 10,264,337
Accumulated amortization	(3,580,673)	(3,179,267)
Intangible assets, net	6,832,711	7,085,070
Patents and Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Subtotal, intangible assets	1,395,220	1,337,798
Media Projects [Member]
Finite-Lived Intangible Assets [Line Items]
Subtotal, intangible assets	742,360	650,735
Sprocket Asset Group [Member]
Finite-Lived Intangible Assets [Line Items]
Subtotal, intangible assets	$ 8,275,804	$ 8,275,804

Intangible Assets - Schedule 33

Intangible Assets - Schedule of Estimated Amortization Expense (Details)	Mar. 31, 2015USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2,015	$ 1,200,000
2,016	1,600,000
2,017	1,400,000
2,018	900,000
2,019	$ 200,000

Accrued Expenses (Details Narra

Accrued Expenses (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		12 Months Ended
	Feb. 28, 2015	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accrued payroll taxes and penalties for forgiven salary and bonus		$ (313,136)
Fair value of stock options		765,927		$ 3,827,938
Additional compensation expense		1,419,378	$ 1,973,081
Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options to purchase of common stock shares	2,561,856
Stock options vested period	5 years
Fair value of stock options	$ 1,159,506
Additional compensation expense	41,006
Chief Executive Officer and Senior Executive Vice President [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accrued payroll taxes and penalties for forgiven salary and bonus		$ 797,137		$ 890,623
Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accrued payroll taxes and penalties for forgiven salary and bonus	118,000
Accrued salary and bonuses	$ 1,000,000
Stock option exercise price	$ 0.485

Accrued Expenses - Schedule of

Accrued Expenses - Schedule of Accrued Expenses (Details) - USD ($)	Mar. 31, 2015	Dec. 31, 2014
Payables and Accruals [Abstract]
Salaries and wages - Ubiquity, Inc.	$ 445,507	$ 559,704
Payroll and other taxes	1,051,899	1,145,125
Accrued consulting fee - BOD Member	225,000	150,000
Accrued rent	59,521	52,558
Other	19,922	1,967
Total current accrued expenses	$ 1,801,849	1,909,354
Salaries and wages, long-term - Ubiquity, Inc.		1,000,000
Salaries and wages, long-term - Sponsor Me, Inc.		3,120,120
Total accrued expenses	$ 1,801,849	$ 6,029,474

Convertible Notes Payable (Deta

Convertible Notes Payable (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Debt Instrument [Line Items]
Convertible notes payable discount	$ 776,395
Interest expenses debt	136,949	$ 0
Loss on derivative liability	(512,696)
Derivative Liabilities [Member]
Debt Instrument [Line Items]
Derivative liabilities	$ 1,027,204
Fair value of expected dividend yield	0.00%
Loss on derivative liability	$ 463,000
Derivative Liabilities One [Member]
Debt Instrument [Line Items]
Derivative liabilities	$ 1,253,446
Stock price per share	$ 0.325
Fair value of expected dividend yield	0.00%
Loss on derivative liability	$ 226,242
Minimum [Member] | Derivative Liabilities [Member]
Debt Instrument [Line Items]
Exercise price per shares	$ 0.2035
Stock price per share	$ 0.44
Fair value of expected volatility	132.00%
Fair value of risk free interest rates	0.23%
Fair value of expected terms	1 year
Minimum [Member] | Derivative Liabilities One [Member]
Debt Instrument [Line Items]
Exercise price per shares	$ 0.1375
Fair value of expected volatility	154.00%
Fair value of risk free interest rates	0.23%
Fair value of expected terms	10 months 13 days
Maximum [Member] | Derivative Liabilities [Member]
Debt Instrument [Line Items]
Exercise price per shares	$ 1
Stock price per share	$ 0.57
Fair value of expected volatility	189.00%
Fair value of risk free interest rates	0.56%
Fair value of expected terms	2 years
Maximum [Member] | Derivative Liabilities One [Member]
Debt Instrument [Line Items]
Exercise price per shares	$ 0.17
Fair value of expected volatility	197.00%
Fair value of risk free interest rates	0.56%
Fair value of expected terms	1 year 10 months 6 days
Convertible Notes Payable [Member]
Debt Instrument [Line Items]
Convertible notes payable principal amount	$ 1,597,450
Proceeds from issuance of convertible note payable	$ 1,455,250
Convertible notes payable interest rate minimum	1.00%
Convertible notes payable interest rate maximum	12.00%
Debt maturity date description	August 2015 to January 2017
Consecutive trading days period	180 days
Convertible notes payable are convertible into shares of common stock	60,000,000
Convertible Notes Payable [Member] | Minimum [Member]
Debt Instrument [Line Items]
Convertible notes payable are convertible into common stock rate	55.00%
Convertible Notes Payable [Member] | Maximum [Member]
Debt Instrument [Line Items]
Convertible notes payable are convertible into common stock rate	65.00%
Convertible Notes Payable One [Member]
Debt Instrument [Line Items]
Convertible notes payable principal amount	$ 1,801,450
Convertible notes payable interest rate minimum	0.00%
Convertible notes payable interest rate maximum	16.00%
Convertible notes payable discount	$ 776,395
Convertible Notes Payable One [Member] | Minimum [Member]
Debt Instrument [Line Items]
Convertible notes payable are convertible into common stock rate	10.00%
Convertible Notes Payable One [Member] | Maximum [Member]
Debt Instrument [Line Items]
Convertible notes payable are convertible into common stock rate	150.00%

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	Jul. 01, 2014	Jan. 02, 2014	Dec. 20, 2013	Feb. 28, 2014	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Jul. 31, 2013	Mar. 22, 2013
Related Party Transaction [Line Items]
Paid benefits for tax
Accrued expenses					$ 103,750		$ 82,500
Due to non officer board of director					21,250		21,250
Repayments of related party debt					85,309
Accrued interest							0
Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Per month medical allowance			$ 1,200
Option granted		600,000	300,000			2,561,856
Earned bonuses					10,875	$ 87,332
Accrued expenses					194,445		1,274,852
Due to non officer board of director					$ 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]
Annual salary							$ 250,000	$ 250,000
Per month medical allowance			$ 1,200
Option granted		200,000			300,000		300,000
Earned bonuses					$ 3,263	29,325
Accrued expenses					42,783		$ 48,458
Albert Carmichael Family [Member]
Related Party Transaction [Line Items]
Due to related parties					10,000
Employee [Member]
Related Party Transaction [Line Items]
Due to related parties					60,442		20,250
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]
Amendment fee								$ 25,000
Contract expense					75,000	75,000
Due to related parties					225,000		150,000
Chris Carmichael [Member] | Carmichael Enterprises [Member]
Related Party Transaction [Line Items]
Related parties expense							2,500
Consulting fees					7,500	7,500
Notes payable					$ 10,000		$ 10,000
Chris Carmichael [Member] | Ubiquity Inc [Member]
Related Party Transaction [Line Items]
Due to related parties						0
Line of credit					$ 800,000
Proceeds from borrowings					100,000	225,000
Repayments of related party debt					$ 100,000	232,000
Unsecured, incurred interest					8.00%
Brittany Carmichael [Member] | Carmichael Enterprises [Member]
Related Party Transaction [Line Items]
Personal expenses					$ 5,195	6,752
Cameron Carmichael [Member] | Carmichael Enterprises [Member]
Related Party Transaction [Line Items]
Personal expenses					3,322	3,404
Shane Carmichael [Member[ | Carmichael Enterprises [Member]
Related Party Transaction [Line Items]
Personal expenses					$ 14,757	$ 7,257
Board Of Director Fees [Member]
Related Party Transaction [Line Items]
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					600,000		850,000
Chief Executive Officer [Member] | Sponsor Me Inc [Member]
Related Party Transaction [Line Items]
Due to related parties							$ 1,420,863
Received payments and benefits					$ 34,830
Albert Carmichael Family [Member]
Related Party Transaction [Line Items]
Due to related parties							$ 10,000

Related Party Transactions - Su

Related Party Transactions - Summary of Compensation Paid and Amounts Payable (Details) - USD ($)		3 Months Ended				12 Months Ended
		Mar. 31, 2015		Mar. 31, 2014		Dec. 31, 2014
Accrual, Balance		$ 21,250
Accrual, ending		21,250				$ 21,250
SC Business Inc [Member]
Receivable		1,279,681		$ 437,812		437,812
Amount charged on Ubiquity Credit Cards by SC Business		1,398,162		527,942
Amounts remitted back to Ubiquity		(1,127,947)		(380,203)
Amounts remitted to SME		152,050		(48,291)
Amounts retained by SC for settlements of Brenden Garrison’s accrued salary (2015) and amounts due SC (2014)		(56,614)
PayPal and other fees incurred		51,551		(18,748)
Receivable		1,441,731		518,512	[1]	1,279,681
Amounts remitted to SME (net of approximately $232,000 of amount SME owed to SC Business)		152,050		80,700
Max Gan [Member]
Receivable		247,461		125,920		125,920
Amount charged on Ubiquity Credit Cards by SC Business		232,289		176,976
Amounts remitted back to Ubiquity		(246,620)		(172,887)
PayPal and other fees incurred		(8,177)		(4,089)
Interest Service fees charged		0		0
Receivable		224,953		125,920		247,461
Christopher Carmichael [Member]
Accrual, Balance		$ 2,705,365		1,053,398		1,053,398
Add SME	[2]			1,220,863
Annual Salary - Ubiquity, Inc.		$ 142,151		140,790
Annual Salary - Sponsor Me, Inc.		$ 50,000		$ 50,000
Annual Director Fees
Bonus		$ 10,875		$ 87,332
Other		(1,000,000)	[3]
Subtotal		1,908,391		$ 2,552,383
Payments		(237,233)		(179,605)
SME Amounts Forgiven in Share Exchange Agreement		(1,470,863)		(1,261,213)
Accrual, ending		200,295		1,111,565		2,705,365
Connie Jordan [Member]
Accrual, Balance		$ 1,199,523		181,241		181,241
Add SME	[2]			971,065
Annual Salary - Ubiquity, Inc.		$ 71,914		70,715
Annual Salary - Sponsor Me, Inc.		$ 47,500		$ 45,000
Annual Director Fees
Bonus		$ 3,263		$ 29,324
Other
Subtotal		$ 1,322,199		$ 1,297,346
Payments		(69,803)		(133,198)
SME Amounts Forgiven in Share Exchange Agreement		(1,198,565)		(1,019,088)
Accrual, ending		$ 53,831		$ 145,060		$ 1,199,523
[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.
[2]	Payments do not include amounts SME paid an aggregate of approximately $20,386 and $20,861 in benefits for the three months ended March 31, 2015 and 2014, respectively.
[3]	Salary and bonuses forgiven for the exchange to purchase options, see note 6

Related Party Transactions - 39

Related Party Transactions - Summary of Compensation Paid and Amounts Payable (Details) (Parenthetical) - USD ($)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013
Aggregate of benefits for the period	$ 20,386	$ 20,861
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. 28, 2015	Jul. 31, 2013	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013
Reverse split ratio	3.5 to 1							4:1 forward split
Preferred stock, shares authorized					10,000,000		10,000,000
Preferred stock, par value per share					$ 0.001		$ 0.001
Issuance of common stock in exchange for cash, shares					2,183,333	2,025,829
Common stock cash proceeds, value					$ 517,500	$ 1,746,632
Addition subscription receivable					$ 40,000
Shares issued for services, shares		285,714		285,714	700,000	121,543
Shares issued for services					$ 364,000	$ 1,023,779
Share per price		$ 0.54		$ 0.66
Prepaid asset of amortized over the period of service					1,052,500
Stock based compensation expense						263,125
Options valued					$ 765,927		$ 3,827,938
Dividend yield					0.00%		0.00%
Expected volatility					164.00%		163.00%
Risk free interest rate					0.12%		0.12%
Expected life					60 months		60 months
Compensation expense					$ 202,972	$ 686,177
Accrued salary					$ (2,926,456)		$ 6,029,474
Aggregate intrinsic values of options grants
Employee Stock Option [Member]
Compensation expense					$ 191,482
Employee Stock Option [Member] | December 31, 2015 [Member]
Expects to record remaining unamortized portion					$ 574,445		$ 541,258
Minimum [Member]
Exercise price					$ 0.49		$ 0.87
Maximum [Member]
Exercise price					$ 0.67		$ 2.41
Board of Directors [Member]
Shares issued for services, shares							331,900
Shares issued for services							$ 2,369,766
Option granted					1,225,000		2,536,321
Number of share connection with business acquisition							834,223
Number of option issued for forgiveness of accrued salary, share					2,561,856
Number of option issued for forgiveness of accrued salary					$ 1,000,000
Chief Executive Officer [Member]
Option granted					600,000		850,000
Number of share connection with business acquisition							269,331
Number of shares common stock connection with forgiveness					2,561,856
Accrued salary					$ 1,000,000
EVP [Member]
Option granted					400,000		550,000
Employee [Member]
Accrued salary					$ 225,000
Sponsor Me Inc [Member]
Issuance of common stock in exchange for cash, shares						1,664,000
Common stock cash proceeds, value						$ 193,000
Monkeybars Asset Acquisition [Member] | Chief Executive Officer [Member]
Number of share connection with business acquisition							32,767
Series A Preferred Stock [Member]
Preferred stock, shares authorized			500
Preferred stock, par value per share			$ 0.001
Dividends or liquidation preferences value
Voting right			Each share is entitled to the equivalent of 1,000,000 votes of common stock.
Series A Preferred Stock [Member] | CEO [Member]
Issued shares			500
Issued shares value			$ 295,918
Series A Preferred Stock [Member] | SEVP [Member]
Issued shares			500
Issued shares value			$ 295,918

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($)	Mar. 02, 2015	Jan. 02, 2014	Aug. 15, 2013	Aug. 01, 2013	Jun. 04, 2013	Mar. 15, 2012	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Oct. 10, 2014	Mar. 31, 2013
Accrued Salaries							$ (2,926,456)		$ 6,029,474
Contingent liability											$ 305,885
Estimated taxes, penalties and interest in accrued expenses							$ 797,137
Warrants to purchase common stock sought										1,142,857
Typenex Co-Investment, LLC [Member]
Note increasing interest rate							22.00%
Note interest rate, minmum							5.00%
Note interest rate, maximum							15.00%
July 21, 2015 [Member]
Contingent liability							$ 36,128
Gregory Crotty [Member]
Stock options to purchase of common stock shares							200,929
Stock option exercise price							$ 5.25
Accrued Salaries							$ 93,743
Option granted							22,857
Number of common stock shares issued							42,857
Options expired date							Dec. 31, 2011
Christopher Carmichael [Member]
Base salary							$ 142,151	$ 140,790
Connie Jordan [Member]
Base salary							$ 71,914	$ 70,715
Employment Agreement [Member] | Christopher Carmichael [Member]
Employee agreement term					5 years
Base salary		$ 525,000			$ 420,000
Percentage of bonus from gross revenue	3.50%	1.50%			2.50%
Percentage of override of gross license fees		3.00%			3.00%
Percentage of success fee of gross private placement capital contributions received		5.00%			5.00%
Percentage of override of gross book value derived from all cashless transactions	2.50%	3.00%			3.00%
Stock options to purchase of common stock shares	600,000				300,000
Stock option exercise price					$ 2.50
Percentage of gross revenues associated with project					20.00%
Employment Agreement [Member] | Connie Jordan [Member]
Employee agreement term						3 years
Base salary		$ 250,000				$ 198,000
Percentage of bonus from gross revenue	1.50%	1.00%				1.00%
Percentage of override of gross license fees		1.50%
Percentage of success fee of gross private placement capital contributions received		1.55%
Stock options to purchase of common stock shares		300,000				200,000
Stock option exercise price						$ 2.50
Percentage of net capital contributions received from strategic partners though tied to performance						1.50%
Percentage of gross revenue from patent prosecution, litigation, settlement	3.00%
Employment Agreement [Member] | Brenden Garrison [Member]
Base salary		$ 225,000	$ 150,000
Stock options to purchase of common stock shares		150,000	75,000
Stock option exercise price			$ 4
Employment Agreement [Member] | Bryan Harpole [Member]
Base salary				$ 150,000
Stock options to purchase of common stock shares				75,000
Stock option exercise price				$ 4
Percentage of gross override for all revenue relating to studio revenues				1.00%

Restated Balances (Details Narr

Restated Balances (Details Narrative) - USD ($)	Apr. 21, 2014	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2013
Restated Balances
Amortization expense		$ 405,406	$ 290,401
Development expenses		$ 132,510	136,956
Increased the net loss			113,531
Additional expense			686,177
Unamortized portion of deferred stock based compensation			312,500
Decreased compensation expense			$ 49,375
Reverse split ratio	3.5 to 1			4:1 forward split
Weighted average shares outstanding common stock				950,000

Restated Balances - Schedule of

Restated Balances - Schedule of Restatement of Statement of Operations (Details) - USD ($)		3 Months Ended
		Mar. 31, 2015	Mar. 31, 2014
Revenues - related party
Meals and entertainment		$ 21,813	$ 19,863
Marketing		14,535	28,335
Outside and development services		143,439	150,501
Payroll expense		683,886	730,377
Stock-based compensation		1,419,378	1,973,081
Office and computer		124,617	60,335
Professional fees		709,228	376,442
Rent		174,809	131,263
Travel		10,813	37,222
Taxes		12,171	316
Depreciation and amortization		449,199	371,587
Other operating expenses		238,094	103,208
Interest expense		(160,381)	(1,155)
Net loss		$ (4,683,154)	$ (4,011,479)
Basic and diluted loss per share		$ (0.04)	$ (0.04)
Weighted average shares outstanding		105,972,195	92,245,793
Originally Filed [Member]
Revenues - related party			$ 250,000
Meals and entertainment			18,202
Marketing			27,203
Outside and development services			13,545
Payroll expense			408,464
Stock-based compensation			1,336,279
Office and computer			59,564
Professional fees			326,555
Rent			131,443
Travel			36,466
Taxes			203
Depreciation and amortization			357,102
Other operating expenses			$ 87,857
Interest expense
Net loss			$ (2,580,677)
Basic and diluted loss per share			$ (0.03)
Weighted average shares outstanding			93,195,793
Adjustments [Member]
Revenues - related party	[1]		$ (250,000)
Meals and entertainment	[1]		1,661
Marketing	[1]		1,132
Outside and development services	[2]		136,956
Payroll expense	[1]		208,382
Restatement adjustment	[3]		113,531
Stock-based compensation	[4]		686,177
Restatement adjustment	[5]		(49,375)
Office and computer	[1]		771
Professional fees	[1]		24,887
Restatement adjustment	[6]		25,000
Rent	[1]		(180)
Travel	[1]		756
Taxes	[1]		113
Depreciation and amortization	[1]		24,381
Restatement adjustment	[2]		(9,896)
Other operating expenses	[1]		15,351
Interest expense	[1]		(1,155)
Net loss			$ (1,430,802)
Weighted average shares outstanding	[7]		(950,000)
[1]	The differences reflect the consolidation of SME effective January 1, 2014 and the change to SME's accounts during the three months ended March 31, 2014. At the time, the Company did 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. In addition, all inter-company transactions between SME and Ubiquity were eliminated.
[2]	To correct amortization expense on intangible assets. The Company lowered amortization expense for the three months ended March 31, 2014 by $9,896. 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. In addition, the Company expensed $136,956 in development expenses in which had been previously capitalized.
[3]	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 three months ended March 31, 2014 by $113,531.
[4]	To correct stock based compensation related to options granted to management and employees. Initially, the options issuable under employment contract were valued at the end of the year. However, beginning in 2014 the options were valued at the beginning of the year and expensed over the course of the year. This change caused additional expense of $686,177 to be recorded within the three months ended March 31, 2014.
[5]	To correct stock based compensation related to common stock issued for services. In connection with a services agreement with Nick Mitsakos with a one year term entered into during 2013. 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 decreased compensation expense during the three months ended March 31, 2014 by $49,375.
[6]	To correct amounts accrued under Nick Mitsakos' consulting contract in which were earned during the three months ended March 31, 2014 but recorded within a later quarter.
[7]	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.

Restated Balances - Schedule 44

Restated Balances - Schedule of Restatement of Statement of Cash Flows (Details) - USD ($)		3 Months Ended
		Mar. 31, 2015	Mar. 31, 2014
Net loss		$ (4,683,154)	$ (4,011,479)
Depreciation and amortization		449,199	371,587
Stock-based compensation		$ 1,419,378	$ 1,973,081
Accounts receivable - related party
Prepaid expenses			$ (53,770)
Other current assets			5,400
Accounts payable		$ 47,946	(259,744)
Accrued expenses		130,465	156,927
Credit cards payable		(26,466)	171
Net cash used in operating activities		(2,012,987)	(1,827,177)
Loans to related parties		$ 12,630	(86,128)
Purchase of property and equipment			(2,702)
Other assets			(5,500)
Acquisition of intangible assets		$ (149,047)	(112,782)
Cash from SME			19,727
Net cash used in investing activities		$ (136,417)	(187,385)
Net proceeds from loan payable - related party			$ 64,500
Equity issuance costs
Proceeds from sale of common stock		517,500	$ 1,939,632
Net cash provided by financing activities		$ 2,094,941	2,004,132
Originally Filed [Member]
Net loss			(2,580,677)
Depreciation and amortization			357,102
Stock-based compensation			1,336,279
Accounts receivable - related party			(100,000)
Prepaid expenses			(53,770)
Other current assets			(151,828)
Accounts payable			(315,112)
Accrued expenses			51,945
Credit cards payable			726
Net cash used in operating activities			$ (1,465,285)
Loans to related parties
Purchase of property and equipment			$ (2,702)
Other assets
Acquisition of intangible assets			$ (226,936)
Cash from SME
Net cash used in investing activities			$ (229,638)
Net proceeds from loan payable - related party			50,000
Equity issuance costs			(113,531)
Proceeds from sale of common stock			1,746,632
Net cash provided by financing activities			1,683,101
Adjustments [Member]
Net loss			(1,430,802)
Depreciation and amortization	[1]		24,381
Restatement adjustment	[2]		(9,896)
Stock-based compensation	[3]		686,177
Restatement adjustment	[4]		(49,375)
Accounts receivable - related party	[1]		$ 100,000
Prepaid expenses
Other current assets	[1]		$ 157,228
Accounts payable	[1]		55,368
Accrued expenses	[1]		104,982
Credit cards payable	[1]		45
Net cash used in operating activities			(361,892)
Loans to related parties	[1]		$ (86,128)
Purchase of property and equipment
Other assets	[1]		$ (5,500)
Acquisition of intangible assets	[2]		136,956
Restatement adjustment	[1]		(22,802)
Cash from SME	[1]		19,727
Net cash used in investing activities			42,253
Net proceeds from loan payable - related party	[1]		14,500
Equity issuance costs	[5]		113,531
Proceeds from sale of common stock	[1]		193,000
Net cash provided by financing activities			$ 321,031
[1]	The differences reflect the consolidation of SME effective January 1, 2014 and the change to SME's accounts during the three months ended March 31, 2014. At the time, the Company did 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. In addition, all inter-company transactions between SME and Ubiquity were eliminated.
[2]	To correct amortization expense on intangible assets. The Company lowered amortization expense for the three months ended March 31, 2014 by $9,896. 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. In addition, the Company expensed $136,956 in development expenses in which had been previously capitalized.
[3]	To correct stock based compensation related to options granted to management and employees. Initially, the options issuable under employment contract were valued at the end of the year. However, beginning in 2014 the options were valued at the beginning of the year and expensed over the course of the year. This change caused additional expense of $686,177 to be recorded within the three months ended March 31, 2014.
[4]	To correct stock based compensation related to common stock issued for services. In connection with a services agreement with Nick Mitsakos with a one year term entered into during 2013. 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 decreased compensation expense during the three months ended March 31, 2014 by $49,375.
[5]	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 three months ended March 31, 2014 by $113,531.

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	Mar. 22, 2013	Jul. 31, 2013	Mar. 31, 2015	Mar. 31, 2014	Oct. 31, 2015	Sep. 25, 2015	Sep. 18, 2015	Jul. 09, 2015
Number of common stock shares issued for services	285,714	285,714	700,000	121,543
Percentage of ownership			100.00%
Convertible Notes Payable [Member]
Proceeds from convertible notes payable			$ 1,455,250
Convertible notes payable interest rate minimum			1.00%
Convertible notes payable interest rate maximum			12.00%
Promissory note face amount			$ 1,597,450
Convertible Notes Payable [Member] | Minimum [Member]
Convertible notes payable are convertible into common stock rate			55.00%
Convertible Notes Payable [Member] | Maximum [Member]
Convertible notes payable are convertible into common stock rate			65.00%
Subsequent Event [Member]
Number of common stock shares sold			30,073,979
Number of common stock sold			$ 1,583,530
Number of common stock shares issued for services			1,452,133
Subsequent Event [Member] | Appetizer Mobile LLC [Member]
Percentage of intial ownership							25.00%
Percentage of ownership					25.00%
Subsequent Event [Member] | Sprocket Wearable [Member]
Percentage of ownership					65.00%
Investment					$ 1,000,000
Investment received					$ 900,000
Royalty percentage						15.00%
Initial license non-refundable entry fee						$ 1,500,000
Subsequent Event [Member] | Other Investors [Member]
Percentage of ownership					10.00%
Subsequent Event [Member] | LG Capital Funding LLC [Member]
Promissory note face amount								$ 162,552
Subsequent Event [Member] | Convertible Notes Payable [Member]
Proceeds from convertible notes payable			$ 785,400
Convertible notes payable interest rate minimum			8.00%
Convertible notes payable interest rate maximum			12.00%
Subsequent Event [Member] | Convertible Notes Payable [Member] | Minimum [Member]
Convertible notes payable are convertible into common stock rate			35.00%
Convertible notes payable mature term			6 months
Subsequent Event [Member] | Convertible Notes Payable [Member] | Maximum [Member]
Convertible notes payable are convertible into common stock rate			45.00%
Convertible notes payable mature term			24 months