Ubiquity 10-Q 9 Aug 17 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 31, 2016
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	Jun. 30, 2016
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		306,261,178
Trading Symbol	UBIQ
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,016

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Assets:
Cash and cash equivalents	$ 33,467	$ 193,839
Accounts receivable, net	2,700	2,700
Prepaid expenses	70,201	45,202
Total current assets	106,368	241,741
Property and equipment, net	362,370	448,327
Other assets	203,494	107,364
Intangible assets, net		405,252
Total assets	672,232	1,202,684
Current liabilities
Accounts payable	1,466,845	1,449,973
Accrued expenses	3,067,485	3,594,682
Accrued legal	7,700,000	7,700,000
Credit cards payable	673,549	543,915
Loans payable - related parties	654,310	712,018
Convertible notes, net discounts of $108,412 and $361,944, respectively	3,746,141	3,043,132
Derivative liabilities	10,476,844	6,785,665
Total current liabilities	27,785,174	23,829,385
Total liabilities	27,785,174	23,829,385
Commitments and contingencies
Stockholders' Deficit:
Preferred stock, par value $0.001, 10,000,000 shares authorized, 2,001,000 and 2,001,000 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively	2,001	2,001
Common stock, par value $0.001, 800,000,000 shares authorized, 268,457,165 and 197,237,138 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively	268,457	197,237
Additional paid-in capital	166,789,938	159,716,329
Subscription receivable	(118,000)	(173,000)
Inter-Company
Accumulated deficit	(195,247,838)	(182,869,268)
Total Ubiquity, Inc. stockholders' deficit	(28,305,442)	(23,126,701)
Non-controlling interest	1,192,500	500,000
Total stockholders' deficit	(27,112,942)	(22,626,701)
Total liabilities and stockholders' deficit	$ 672,232	$ 1,202,684

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Convertible notes, net discount	$ 108,412	$ 361,944
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	2,001,000	2,001,000
Preferred stock, shares outstanding	2,001,000	2,001,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	800,000,000	800,000,000
Common stock, shares issued	268,457,165	197,237,138
Common stock, shares outstanding	268,457,165	197,237,138

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Revenues	$ 5,850	$ 20,831	$ 33,935	$ 25,400
Revenues total	5,850	20,831	33,935	25,400
Costs of sales	3,297	922	5,623	7,776
Gross profit	2,553	19,909	28,312	17,624
Operating expenses:
Meals and entertainment	9,205	4,028	24,580	25,841
Marketing	274,300	13,889	407,078	28,424
Outside services	100,079	45,103	132,328	188,542
Development expense	36,028		36,028
Payroll expense	512,820	534,629	1,105,056	1,218,515
Stock-based compensation	5,267,254	1,002,936	5,947,116	2,422,314
Office and computer	59,199	44,097	105,793	168,714
Professional fees	386,824	487,313	846,493	1,196,541
Rent	160,598	158,697	324,785	333,506
Travel	34,259	26,340	58,655	37,153
Taxes	11,997	6,181	13,130	18,352
Charitable contributions	21,710	11,500	36,792	20,208
Depreciation and amortization	94,025	446,741	339,490	895,940
Other operating expenses	8,468	101,592	136,429	339,686
Total operating expenses	6,976,766	2,883,046	9,513,753	6,893,736
Operating loss	(6,974,213)	(2,863,137)	(9,485,441)	(6,876,112)
Other income and (expense):
Interest expense	(490,880)	(1,781,733)	(799,498)	(1,942,114)
Loss on impairment of intangible assets		(940,000)		(940,000)
Change in fair market value of derivative liabilities	(1,631,811)	(1,393,783)	(3,691,179)	(1,906,479)
Other income	50	8,441	50	11,339
Total other income (expense)	(2,122,641)	(4,107,075)	(4,490,627)	(4,777,254)
Loss before provision for income taxes	(9,096,854)	(6,970,212)	(13,976,068)	(11,653,366)
Provision for income taxes
Net loss	(9,096,854)	(6,970,212)	(13,976,068)	(11,653,366)
Loss attributable to non-controlling interest	1,597,430		1,597,430	261,630
Loss attributable to Ubiquity, Inc.	$ (7,499,424)	$ (6,970,212)	$ (12,378,638)	$ (11,391,736)
Net loss per share: basic and diluted	$ (0.04)	$ (0.06)	$ (0.05)	$ (0.10)
Weighted average number of shares outstanding: basic and diluted	252,626,393	116,892,767	236,732,347	111,493,151

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (13,976,068)	$ (11,653,366)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	339,490	895,940
Stock-based compensation	5,947,116	2,422,314
Fair market value of Sproket Wearables, Inc. common stock issued to Moveo, Inc.	3,000,000
Common stock issued for settlements	456,881
Additional fair value related to exchange of options for accrued officer salaries		41,006
Common stock issued for extension of convertible note payable		27,413
Loss on media properties settlement	255,260
Loss on change in fair market value of derivative liabilities	3,691,179	1,906,479
Principle increase due to default on convertible notes payable	407,064	716,605
(Gain) Loss on extinguishment		(8,441)
Amortization of debt discount	253,532	888,840
Loss on impairment of intangible assets		940,000
Changes in operating assets and liabilities:
Accounts receivable		(2,600)
Prepaid expenses	(25,000)
Accounts payable	16,872	27,094
Accrued expenses	(303,535)	531,940
Credit cards payable	129,633	132,994
Net cash used in operating activities	(3,061,108)	(3,133,782)
CASH FLOWS FROM INVESTING ACTIVITIES:
Repayment from (loans to) related parties		(41,421)
Other assets	(96,130)
Purchase/acquisition of intangible assets	150,000	(157,741)
Cash from SME
Net cash used in investing activities	53,870	(199,162)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from convertible notes payable		2,168,475
Payments on convertible notes payable	(170,000)	(204,000)
Proceeds from loans payable - related party	65,818	302,000
Payments on loans payable - related party	(123,526)	(119,137)
Proceeds from loans payable
Equity issuance costs
Proceeds from sale of common stock	3,074,574	1,272,500
Non-controlling interest
Net cash provided by financing activities	2,846,866	3,419,838
Change in cash and cash equivalents	(160,372)	86,894
Cash and cash equivalents, beginning of period	193,839	102,286
Cash and cash equivalents, end of period	33,467	189,180
Supplemental disclosures of cash flow information:
Cash paid for interest
Cash paid for income taxes
Non-cash investing and financing activities:
Value of embedded conversion feature for debt discount		2,051,477
Conversion notes payable, accrued interest, accounts payable and derivative liabilities into common stock		281,292
Common stock issued with convertible debt	456,881	125,625
Conversion of accrued wages into stock options		$ 1,118,500

Company Overview

Company Overview	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Company Overview	NOTE 1 - COMPANY OVERVIEW Ubiquity, Inc. (“Ubiquity” or the “Company”) provides a platform that enables users to connect to internet-based content on any type of device. Ubiquity’s unique technology and robust patent portfolio has led to the development of the Company’s signature product, the Sprocket. The Sprocket can be easily downloaded onto any type of device (such as mobile phone, tablet, laptop, smart TV, VR and AR devices, gaming consoles etc.) and then easily customized to provide the user with access to all web-based content, social media outlets, video-based content, private networks, social networks, personalized files, intelligent search, and virtually all other media. In short, the Sprocket provides easy and expedited access to content in the manner and choices selected by the user. The Sprocket also provides detailed analytics and data on the end-users, delivering tremendous value as a marketing tool to the content providers and advertisers. Ubiquity expects new markets to be created and existing markets to be disrupted by Virtual Reality (“VR”) , Augmented Reality (“AR”) and Mixed Reality (“MR”) as used in the Sprocket platform. There are many examples of how (“VR”), (“AR”) and (“MR”) can reshape existing forms of entertainment and commerce - from buying a new home, interacting with a doctor, or watching a football game. As the technology advances, we believe that price points will decline, and an entire new marketplace of applications (both business and consumer) will enter the market. Ubiquity believes VR/AR has the potential to spawn a multibillion-dollar industry, and may possibly be as game changing as the advent of the PC. VR (which immerses the user in a virtual world) and AR (immerses the user which overlays digital information onto the physical world) is driving a trend towards the adoption of software and applications delivered via head-mounted-devices (HMDs) as a new computing form factor. Ubiquity has adapted its platforms to include the advancement of Virtual, Augmented and Mixed reality. It has excited the public for decades, and is happening now due to the alignment of ecosystem drivers and technology advancements enabling the delivery of products and services via this medium. Currently, mobile technologies are accelerating the adoption of products and services designed to stimulate our human senses with realistic feedback that is truly immersive and that allows intuitive interactions. We believe desktop, video, shopping, entertainment, travel, education and training, fitness, and healthcare applications can be materially enhanced by Virtual, (VR) Augmented (AR) and Mixed reality (MR). Ubiquity aims to capitalize on the evolving use cases, the potential market disruption, and the challenge of moving from science fiction to widespread adoption. Virtual, Augmented and Mixed reality is essentially an artificial, software-created environment presented to users in such an immersive way that it is accepted by the user as real. By stimulating the senses of sight and sound –and sometimes touch– we can interact with these environments in much the same way as we would the real world. Immersion enhances everyday experiences, making them more realistic, engaging, and satisfying. VR, AR and MR provide the ultimate level of immersion, creating a sense of physical presence in real or imagined worlds. They bring a new paradigm for how we can interact with the world, offering unprecedented experiences and unlimited possibilities that will enhance our lives in many ways. Organization of Company UBIQUITY 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. SPONSOR ME On December 31, 2014, the Company entered into a Share Exchange Agreement with Sponsor Me, Inc., and a Nevada corporation (“Sponsor Me”). Sponsor Me is a related party as Brenden Garrison was the CEO of Sponsor Me and is also the CFO of the Company. The Effective Date of the transaction was March 31, 2015 and resulted in the acquisition of Sponsor Me. Pursuant to the terms of the Share Exchange Agreement, Ubiquity acquired all of the outstanding capital stock of Sponsor Me from the Sponsor Me shareholders for an aggregate of 3,878,467 shares, or 3.59% of the Company’s common stock at that time, and Sponsor Me became a wholly-owned subsidiary of the Company. In addition, in connection with the transaction, the Company forgave notes/accounts receivables due from Sponsor Me and SC Business, Inc., and members of SME management and SME consultants, who are also members of Ubiquity management, forgave approximately $3.2M in accrued salary and related expenses, Christopher Carmichael forgave $1,470,863, Connie Jordan forgave $1,198,565, and Brenden Garrison forgave $257,026 and the Company was relieved of paying payroll liabilities accrued in the amount of $313,136. On the closing date the management of SME relinquished all shares held as follows: Christopher Carmichael cancelled 19,800,000 in Sponsor Me, Inc. Connie Jordan cancelled 19,800,000 shares in Sponsor Me, Inc. and Brenden Garrison cancelled 25,000 shares in Sponsor Me, Inc., owning an aggregate 39,625,000 shares in Sponsor Me, Inc. and did not receive any additional shares in Ubiquity, Inc. or any other compensation in Ubiquity, Inc. as part of the Share Exchange Agreement. The Company recorded the acquisition of the remaining non-controlling interest as an equity transaction in accordance with Accounting Standards Codification (“ASC”) 810. Sprocket HK Limited On March 3, 2015 Sprocket HK Limited was incorporated in Hong Kong. Ubiquity, Inc. held 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 Effective June 28, 2016, the Company terminated its license agreement with Sprocket HK due to the material breach for non-payment of its initial minimum cash payment of $100,000.00, not properly issuing the agreed 51% stake in Sprocket HK, and failure to provide Ubiquity the contractually agreed upon representation on the board of directors The Company sent out a notice to cure the material breach and no remedy was made within the contractual agreement of 30 days. Although the Company never received its 51% stake of Sprocket HK, nor did Chris Carmichael receive the board seat in Sprocket HK that was a material part of the compensation outlined in the Sprocket HK License agreement, on August 15, 2016, a director of Sprocket HK sent a letter to the Company stating Ubiquity’s shares are cancelled in the Sprocket HK entity, effectively confirming the termination of the arrangement. Sprocket Wearables, Inc. On September 18, 2015, the Company entered into a Mobile Applications Development and Services Agreement (“Agreement ” 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, which will be used at the corporate level for general working capital purposes. This $1,500,000 in licensing revenue is eliminated in consolidation as it is a consolidated entity. Going Concern The accompanying condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As shown in the accompanying condensed consolidated financial statements, the Company has negative working capital and operating losses, and has not yet produced significant revenues from operations. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The condensed 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 $1,311,658 from the issuance of common stock. The Company has not generated any profit from operations since its inception. The Company expects its operating expenses will increase over the next 12 months to continue its development activities. Based on its average monthly expenses and current burn rate, it estimates it will need to raise an additional $10,000,000 to $15,000,000 over the next 24 months. This amount could increase if it encounters difficulties that it cannot anticipate at this time or if it acquires other businesses. The Company expects to raise money through equity financing via the sale of its common stock. Should it be unable to raise the money that it needs in order to continue to operate its business, it will be forced to delay, scale back or eliminate some or all of its proposed operations. Failure to raise additional capital required to run its operations could have a material adverse effect on the Company’s business and its continued operation.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Interim Condensed Consolidated Financial Statements The accompanying unaudited interim condensed 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 condensed 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, 2015. The results of operations for the three months and six months ended June 30, 2016 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”) and SWI, its variable interest entity for all periods presented. 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. Variable Interest Entity Considerations Sponsor Me: U.S GAAP 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 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 has the power to direct the most significant activities of SME. On March 31, 2015, SME was acquired by Ubiquity and thus the VIE was eliminated. Sprocket Wearables Inc. U.S GAAP require that if an entity is the primary beneficiary of a 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 Sprocket Wearables Inc. (SWI), and accordingly, has consolidated this entiy beginning in December 2015, with the equity interests of the unaffiliated investors in SWI presented as Non-controlling Interests in the accompanying interim consolidated financial statements. Under ASC 810-10 the Primary Beneficiary is the party that has both of the following: 1. The power to make decisions regarding the activities that most significantly impact the success of the VIE, and 2. The obligation to absorb losses or rights to receive benefits of the entity that could potentially be significant to the VIE. When multiple parties make decisions over different activities of the entity, only the party with power to direct the activities that most significantly impacts the entity’s economic performance will have satisfied the first condition. The Company has the power to direct the most significant activities of SWI. Ubiquity satisfies the second condition because as the primary source of capital beginning in 2016, Ubiquity, Inc. is expected to absorb the losses that will be significant to the VIE. Sprocket HK: U.S. GAAP requires that if an entity is the primary beneficiary of a var “VIE”, the entity should consolidate the assets, liabilities and results of operations of the VIE in its consolidated financial statements. Under ASC 810-10 the Primary Beneficiary is the party that has both of the following: 1. The power to make decisions regarding the activities that most significantly impact the success of the VIE, and 2. The obligation to absorb losses or rights to receive benefits of the entity that could potentially be significant to the VIE. Ubiquity, Inc. does not consider itself to be the primary beneficiary of Sprocket HK. Based on the above, the accounts of Sprocket HK were not consolidated in the accompanying consolidated financial statements, 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 does not have the power to direct the most significant activities of Sprocket HK. Originally the Company was formed with the intent of giving Ubiquity, Inc. a 51% stake in Sprocket HK, as well as a Board of Directors seat of Sprocket HK; however the Company was never given shares nor was a board of director seat granted. Ubiquity also does not satisfy the second condition either. Ubiquity, Inc. is not expected to absorb any gains or losses that will be significant to the VIE. On June 28, 2016 Ubiquity ceased doing all business altogether due to a material breach of its licensing agreement. Accordingly, the Company accounts for Sprocket HK under the cost method of accounting. The investment balance was $0 at December 31, 2015 and June 30, 2016. Non-Controlling Interests Non-controlling interest disclosed within the condensed consolidated statements of operations represents the minority ownership’s 100% share of net losses of SME incurred during three months ended March 31, 2015. On March 31, 2015, SME was acquired by Ubiquity and thus the non-controlling interest was eliminated on that date. Ubiquity, Inc. does not own Sprocket HK Limited as of August 2016 due to the breach of the agreement and failure to provide required financial information, which is not consolidated into the accompanying consolidated financial statements. See above for additional information. Non-controlling interest disclosed within the condensed consolidated statements of operations represents the minority ownership’s 53% share of net losses of SWI incurred during three and six months months ended June 30, 2016. 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. 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. 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 $496 and $14,535 for the six months ended June 30, 2016 and 2015, 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. 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. Recently Issued Accounting Guidance In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), which amends the existing accounting standards for revenue recognition. ASU 2014-09 is based on principles that govern the recognition of revenue at an amount an entity expects to be entitled when products are transferred to customers. ASU 2014-09 will be effective for the Company beginning in its first quarter of 2017. Early adoption is not permitted. The new revenue standard may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of adoption. The Company’s adoption of this standard did not have a material impact on the Company’s consolidated financial statements. In August 2014, the FASB issued guidance that requires management to evaluate whether there are conditions or events that raise substantial doubt about an entity’s ability to continue as a going concern. If such conditions or events exist, disclosures are required that enable users of the financial statements to understand the nature of the conditions or evens, management’s evaluation of the circumstances and management’s plans to mitigate the conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern. The Company will be required to perform an annual assessment of its ability to continue as a going concern when this standard becomes effective on January 1, 2017. The Company’s adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. In November 2015, the FASB issued ASU 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes. The amendments in this update simplify the presentation of deferred taxes by requiring deferred tax assets and liabilities be classified as noncurrent on the balance sheet. These amendments may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. The amendments are effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Earlier application is permitted for all entities as of the beginning of an interim or annual reporting period. The guidance is not expected to have a material impact on the Company’s consolidated financial statements. The Company’s adoption of this guidance did not have a material impact on the Company’s consolidated financial statements In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2016-02 “Leases (Topic 842)” (“ASU 2016-02”), which requires lessees to put most leases on the balance sheet but recognize expense on the income statement in a manner similar to current accounting. For lessors, ASU 2016-02 also modifies the classification criteria and the accounting for sales-type and direct financing leases. The standard requires a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements and is effective in the first quarter of 2019. Early adoption of ASU 2016-02 is permitted; however the Company plans to adopt the standard in the first quarter of 2019. The Company is evaluating the impact of ASU 2016-02. The following standards were effective for and adopted by the Company in 2017. The adoption of these standards did not have a material impact on the Company’s consolidated financial position, results of operations or cash flows: Update 2017-04— Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment A public business entity that is an SEC filer should adopt the amendments in this Update for its annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019.A public business entity that is not an SEC filer should adopt the amendments in this Update for its annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2020. All other entities, including not-for-profit entities, that are adopting the amendments in this Update should do so Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company is evaluating the impact of ASU 2017-04. Update 2017-09— Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting Effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Early adoption is permitted, including adoption in any interim period, for public business entities for reporting periods for which financial statements have not yet been issued. The Company is evaluating the impact of ASU 2017-09. Update 2017-01— Business Combinations (Topic 805): Clarifying the Definition of a Business Public business entities should apply the amendments in this Update to annual periods beginning after December 15, 2017, including interim periods within those periods. The Company is evaluating the impact of ASU 2017-14. Update 2016-17— Consolidation (Topic 810): Interests Held through Related Parties That Are under Common Control The amendments in this Update are effective for public business entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The Company’s adoption of this guidance did not have a material impact on the Company’s consolidated financial statements Update 2016-09— Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting For public business entities, the amendments are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted for any entity in any interim or annual period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity that elects early adoption must adopt all of the amendments in the same period. The Company’s adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. Update 2016-07— Investments—Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting Effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. The amendments should be applied prospectively upon their effective date to increases in the level of ownership interest or degree of influence that result in the adoption of the equity method. Earlier application is permitted. The Company’s adoption of this guidance did not have a material impact on the Company’s consolidated financial statements.

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	NOTE 3 - INTANGIBLE ASSETS The Company’s capitalized costs in relation to developing and acquiring intangible assets, consisted of the following as of June 30, 2016 and December 31, 2015: June 30, 2016 December 31, 2015 Patents and trademarks $ 0 $ 0 Media projects 0 405,252 Sprocket Asset Group 0 0 Subtotal, intangible assets 0 405,252 Accumulated amortization 0 0 Intangible assets, net $ 0 $ 405,252 Amortization expense for all intangible assets was, $0, $0, $405,406 and $414,163 for the three and six months ended June 30, 2016 and 2015, respectively. The amortization expense is zero for the period ending March 31, 2016 as the Company impaired its intangible assets at December 31, 2015. During the process of preparing the 2015 consolidated financial statements, it became apparent that the recoverability of the Sprocket Asset Group was not reasonably assured, as a result of its foreign entity and partner Sprocket HK and iWebgate (ASX:IWG) dba Netlinkz (ASX:NET) and its arranged licensing agreement terms being breached by the licensee. As a consequence, management is unable to estimate expected cash flows with any certainty. As a result of such subsequent developments, management has concluded that, as of December 31, 2015, the remaining carrying value of the sprocket asset group was fully impaired. Based on the information available at the time of our filings prior to December 31, 2015, management does not feel that such full impairment was appropriate for such prior filings. The loss on impairment for the year ended December 31, 2015 was ($5,422,055). The remaining balance of the media projects were reduced to zero in the quarter ended June 30, 2016 as part of the Tomberlin legal settlement. (See Note 8 Brett and Mark Tomberlin Lawsuit)

Accrued Expenses

Accrued Expenses	6 Months Ended
	Jun. 30, 2016
Payables and Accruals [Abstract]
Accrued Expenses	NOTE 4 - ACCRUED EXPENSES Accrued expenses consisted of the following as of June 30, 2016 and December 31, 2015: June 30, 2016 December 31, 2015 Salaries and wages - Ubiquity, Inc. $ 503,515 $ 564,767 Payroll and other taxes 1,216,577 1,169,197 Accrued consulting fee 354,377 791,877 Accrued interest 605,587 459,068 Accrued rent 98,729 93,575 Stock Price Guarantee 205,700 205,700 Other 83,000 310,499 Total current accrued expenses 3,067,485 3,594,682 The Company’s Chief Executive Officer and Senior Executive Vice President were paid as consultants and thus the required payroll taxes were 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 accrued 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 accrued 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 June 30, 2016 and December 31, 2015, total amounts accrued related to potential payroll taxes and penalties were $1,216,577 and $1,169,197, 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	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Convertible Notes Payable	NOTE 5 - 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 six months ended June 30, 2016, the Company did not issue any convertible notes. The convertible notes payable incurred 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% 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. As of June 30, 2016, the Company has $4,412,496 in principal and accrued interest of convertible notes payable with remaining discounts of $108,412. These notes also contain various default provisions including increases to the interest rate ranging from 0% to 24% and increases to the principal balance ranging from 10% to 150%. During the three and six months ended June 30, 2016, 56,145, 253,532 of the discount was amortized to interest expense, respectively. As of June 30, 2016 and 2015, the unamortized debt discount was $108,412 and $361,944 respectively. The Company is amortizing using the straight line method due to the short term of the notes. During the six months ended June 30, 2015, principal of $50,000 was converted into 815,867 shares of common stock. In connection with this conversion, the Company determined the fair market value of common stock to be $272,851 based upon the closing market price on the date of conversion. In connection with the conversion, the Company relieved derivative liabilities of $231,292 and recorded a gain on extinguishment of $8,441 which represented the difference between the fair market value of the common stock and the convertible notes and derivative liabilities extinguished. During the six months ended June 30, 2016 and 2015 $253,532 and $888,840 of the discount was amortized to interest expense, respectively. As of June 30, 2016, the unamortized debt discount was $108,412. 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 six months ended June 30, 2015, the Company recorded initial derivative liabilities of $3,267,843 based upon the following Black-Scholes option pricing model average assumptions: an exercise price of $0.0853 to $1.00 our stock price on the date of grant ($0.15 to $0.57), expected dividend yield of 0%, expected volatility of 132% to 200%, risk free interest rates ranging from 0.23% to 0.56% and expected terms ranging from one (1) to two (2) years. Upon initial valuation, the derivative liability exceeded the face value certain of the convertible note payables by approximately $1,363,000, which was recorded as a day one loss on derivative liabilityDuring the six months ended June 30, 2016, the Company had recorded derivative liabilities of $10,476,844, resulting in a loss of $1,631,811 and $3,691,179 related to the change in fair value of the derivative liabilities for the three and six months ended June 30, 2016, respectively, based upon the following Black-Scholes option pricing model average assumptions: an exercise price of $0.14 our stock price on the date of grant ($0.40), expected dividend yield of 0%, expected volatility of 183% risk free interest rate of 0.12 % and expected term of one (1) year. On June 30, 2015, the derivative liabilities were revalued at $3,726,664 resulting in a loss of $1,393,783 and $1,906,479 related to the change in fair market value of the derivative liabilities for the three and six months ended June 30, 2015 respectively. The derivative liabilities were revalued using the Black-Scholes option pricing model with the following average assumptions: an exercise price of $0.14 to $0.15, our stock price on the date of valuation ($0.26), expected dividend yield of 0%, expected volatility of 143% to 188%, risk-free interest rates ranging from 0.23% to 0.56%, and an expected terms ranging from 0.13 to 1.83 years. On June 30, 2016, the derivative liabilities were revalued at $10,476,844 resulting in a loss of $3,691,179 related to the change in fair market value of the derivative liabilities for the six months ended June 30, 2016. The derivative liabilities were revalued using the Black-Scholes option pricing model with the following average assumptions: an exercise price of $0.14, our stock price on the date of valuation ($0.40), expected dividend yield of 0%, expected volatility of 183%, risk-free interest rates of 0.12% and an expected term of one year. Future Potential Dilution Most of the Company’s convertible notes payable contain adjustable conversion terms with significant discounts to market. As of July 20, 2017 the Company’s convertible notes payable are potentially convertible into an aggregate of approximately 90 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	6 Months Ended
	Jun. 30, 2016
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 6 - RELATED PARTY TRANSACTIONS 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 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 June 30, 2016 and 2015: 2016 2015 Receivable from SC Business, beginning of the year $ 1,707,634 $ 1,279,681 Amount charged on Ubiquity Credit Cards by SC Business $ 2,153,925 $ 3,109,132 Amounts remitted back to Ubiquity or paid on Ubiquity’s behalf (2,051,968 ) (2,694,247 ) Amounts retained by SC for settlements of Brenden Garrison’s accrued salary and reimbursements(2016) and amounts due SC (2015) 0 (110,202 ) PayPal and other fees incurred by SC Business (46,661 ) (112,133 ) Receivable from SC Business(1) June 30, $ 1,762,931 $ 1,472,331 Amounts remitted to SME $ 18,200 $ 182,550 (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 a former employee of the Company. Max Gan loaned the company money periodically and also assists the Company in accessing its credit card lines, Max Gan charged the Company’s credit cards through PayPal. Max Gan, then remitted the related amount charged, net of fees, back to Ubiquity. The following is a summary of the transactions between the parties during the six months ended June 30, 2016 and 2015: 2016 2015 Receivable from Max Gan, beginning of year $ 0 $ 247,461 Amount charged on Ubiquity Credit Cards $ 95,763 $ 532,204 Amounts remitted back to Ubiquity (95,763 ) (481,875 ) PayPal and other fees incurred (18,785 ) Receivable from Max Gan, end of period $ $ 279,004 Nicholas Mitsakos Nicholas Mitsakos was 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 and six months ended June 30, 2016 and 2015, the Company recorded expense of $0, $0, $75,000 and $150,000, respectively, under the contract. As of June 30, 2016 and December 31, 2015, the cash amounts owed under the contract were $0 and $450,000, respectively. On January 4, 2016 Nicholas Mitsakos converted his outstanding debt of $456,881 to 1,986,439 common shares of stock at the rate $0.23 cents per share. 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 and six months ended June 30, 2016 and 2015, the Company expensed $7,500, $15,000, $7,500 and $15,000 in consulting fees, and owed him $16,000 and $16,000, in reference to a note payable at June 30, 2016 and December 31, 2015, respectively. On October 24, 2016, Albert Carmichael filed a UCC-1 financing statement for amounts owed relating to a personal loan to the Company as well as certain credit being secured for the Company listing the Company’s fixed assets as collateral. Brittany Carmichael Brittany Carmichael is the daughter of our CEO, Chris Carmichael and provided secretarial, administrative, and marketing support for the Company. The Company expensed approximately $14,338 and $27,745, $5,195 and $10,620, related to her salary and personal expenses charged against her salary during the three and six months ended June 30, 2016 and 2015, respectively. Effective November 30, 2016, Brittany no longer provided services to the Company. Cameron Carmichael Cameron Carmichael is the son of our CEO, Chris Carmichael, and provided studio related services to the Company. The Company expensed approximately $7,691 and $14,921, $3,322 and $6,936 related to his salary and personal expenses charged against his salary during the three and six months ended June 30, 2016 and 2015, respectively. Effective March 1, 2017, Cameron no longer provided services to the Company. Shane Carmichael Shane Carmichael is the son of our CEO, Chris Carmichael, and provided studio related services to the Company. The Company expensed approximately $ 7,742 and $18,102, $14,757 and $29,339, related to his salary personal expenses charged against his salary during the three and six months ended June 30, 2016 and 2015, respectively. Effective December 31, 2016, Shane no longer provided services to the Company. 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, 2016 and 2015, and June 30, 2016 and 2015: Christopher Christopher Carmichael Carmichael Connie Jordan Connie Jordan 3/31/2015 3/31/2016 3/31/2015 3/31/2016 Beginning Accrued Balance $ 2,705,365 $ 348,746 $ 1,199,523 $ 62,448 Salary - Ubiquity, Inc. Period Ended March 31st $ 142,151 $ 133,050 $ 71,914 $ 66,100 Sponsor Me, Inc. Period Ended March 31st $ 50,000 $ 0 $ 47,500 $ 0 Bonus $ 10,875 $ 870 $ 3,263 $ 373 Other $ (1,000,000 ) $ {1} $ - $ Subtotal $ 1,908,391 $ 482,666 $ 1,322,199 $ 128,921 Payments $ (237,233 ) $ (232,708 ) $ (69,803 ) $ (71,143 ) SME Amounts Forgiven in Share Exchange Agreement $ (1,470,863 ) $ 0 $ (1,198,565 ) $ 0 Accrual - Ended March 31 $ 200,295 $ 249,958 $ 53,831 $ 57,778 Christopher Carmichael 6/30/2015 Christopher Carmichael 6/30/2016 Connie Jordan 6/30/2015 Connie Jordan 6/30/2016 Beginning Accrued Balance $ 200,295 $ 249,958 $ 53,831 $ 57,778 Salary - Ubiquity, Inc. Period Ended June 30th 162,289 133,050 87,981 66,100 Bonus 457 207 196 89 Subtotal 363,041 383,215 142,007 123,966 Payments 106,844 310,847 18,500 86,952 Accrual Ended June 30th, 256,197 72,367 123,507 37,015 {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 $15,246 and $29,736, $12,593 and $20,386, in benefits for the three and six months ended June 30, 2016 and 2015, 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 and months ended June 30, 2016 and 2015, the CEO earned bonuses of $207 and $1,076, $10,875 and $457, respectively, in connection with the bonus provisions of his related employment agreement. During the three and six months ended June 30, 2016 and 2015, the Senior Executive Vice President earned bonuses of $89 and $461 $3,263, and $457, respectively, in connection with the bonus provisions of her related employment agreement. The Company accounts for the bonuses as payroll expense. Accrued Amounts Payable to CEO and Senior Executive Vice President As of June 30, 2016 and December 31, 2015, amounts payable to the CEO related to the items discussed above were $72,367 and $348,746 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 June 30, 2016 and December 31, 2015, amounts payable to the Senior Executive Vice President related to the items discussed above were $37,015 and $62,448 respectively. On June 9, 2016, Christopher Carmichael filed a UCC-1 financing statement for his amounts owed as an officer director and loans to the Company totaling over $2,000,000 owed at the time, listing the Company’s intellectual property and other fixed assets as collateral. Chris Carmichael had previously loaned the Company $14,571,612 through personal loans and amounts secured by his family for business expenses for the two years ended December 31, 2015 and 2014 respectively, including $8,065,771 for the year ended December 31, 2015 and $2,596,137 for the six months ended June 30, 2016. On June 15, 2016 Sprocket Wearables, Inc. entered into a consulting agreement with Moveo Inc., a company owned and controlled by Chris Carmichael and Connie Jordan with terms of $25,000 per month to be paid by Sprocket Wearables, Inc. and an issuance of 3,000,000 restricted common shares of Sprocket Wearables Inc. The agreement has a 2 year term. During the quarter ended June 2016 $12,500 was expensed and accrued relating to the Moveo Agreement. 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 and six months ended June 30, 2016 and 2015, the Company accrued, $18,446 and $36,893, $21,250 and $21,250, respectively, in connection with amounts due to non officer board of director members. As of June 30, 2016 and December 31, 2015, $240,560 and $217,500 was included within accrued expenses on the accompanying condensed consolidated balance sheet. 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 loan agreement. Of which a total loaned from the use of these guaranteed cards was $2,596,137 and $6,824,866 during the periods ended June 30, 2016 and December 31, 2015, respectively. The Company had certain notes payable outstanding to related parties as of June 30, 2016 and December 31, 2015. During the periods ended June 30, 2016 and December 31, 2015, the Company borrowed $4,679 and $1,204,905 from Chris Carmichael for which payments were made of $10,000 and $605,172, respectively. As of June 30, 2016 and December 31, 2015, Christopher Carmichael was owed $103,852 and $609,172, respectively. The amounts were unsecured, incurred interest at 8% per annum and due on demand. During the period ended June 30, 2016, the Company recorded accrued interest of $4,759. The proceeds were used for operations. Albert Carmichael, a family member of the Company’s CEO, was owed $16,000 and $16,000 as of June 30, 2016 and December 31, 2015, respectively. The amounts are unsecured, non-interest bearing and due on demand. The proceeds were used for operations. On October 24, 2016, Albert Carmichael filed a UCC-1 financing statement for amounts owed relating to a personal loan to the Company as well as certain credit being secured for the Company listing the Company’s fixed assets as collateral. Non-officer employees of the Company were owed $3,703 and $74,394 as of June 30, 2016 and December 31, 2015, respectively. The amounts are unsecured, non-interest bearing and due on demand. The proceeds were used for operations.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Stockholders' Equity	NOTE 7 - STOCKHOLDERS’ EQUITY 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. Proceeds from Sales of Common Stock During the six months ended June 30, 2016 and 2015, the Company issued 49,084,448 and 13,591,667 shares of common stock for cash proceeds of $2,449,575 and $1,272,500, respectively. In addition, as of June 30, 2016 the Company has a subscription receivable of $118,000. During the six months ended June 30, 2016, Sprocket Wearables Inc. issued 900,000 shares of common stock for cash proceeds of $700,000. Common Stock Issued for Services and Settlement During the six months ended June 30, 2016 and 2015, the Company issued 10,886,439 and 2,145,111 shares of common stock for services. The Company determined the value of such shares to be $3,091,981 and $1,165,666 for the six months ended June 30, 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. During the six months ended June 30, 2016 Sprocket Wearables Inc. issued 3,000,000 shares of common stock for services valued at $3,000,000 to a related party (see note 6). The shares were issued for services customary to an Interim President and Chief Designer which were performed during the six months ended June 2016. Accordingly, such were expensed in the accompanying financial statements ended June 30, 2016. During the six months ended June 30, 2016 Ubiquity, Inc. issued 11,249,140 shares of common stock to extinguish debt of $11,249 shares related to one of the Company’s attorneys. Options During the six months ended June 30, 2016, the Company granted options to purchase 1,125,000 shares of common stock to the board of directors and employees, including 600,000 to the CEO, 300,000 to the EVP, 150,000 to the CFO and 75,000 to an employee in connection with their employment. The options were valued at $118,512 on the grant date using the Black-Scholes option-pricing model with the following assumptions: exercise prices of $0.23; dividend yield of 0%; expected volatility rang of 176%; risk-free interest rates of 0.12% and expected life of 60 months. During the six months ended June 30, 2016, the Company recorded $118,512 in compensation expense in connection with the options and from options granted in prior periods. 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 June 30, 2016, all options were exercisable at prices above the fair market value of the Company’s common stock. Total options outstanding, vesting remaing at June 30, 2016 were as follows, unvested expense of $218,014 with a remaining vesting term of 6 months and a zero intrinsic value at June 30, 2016.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 8 - COMMITMENTS AND CONTINGENCIES Employment Agreements On March 1, 2015, the board modified Christopher Carmichael’s employment agreement to reflect the same base salary of $525,000 annually but a different bonus structure focusing on the 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 t. Mr. Carmichael is also awarded twenty percent of all gross revenues associated with the project known as “106 Yards”. All cashless transactions are paid out as common stock. Upon termination of the amended agreement, the Company is obligated to pay employee any outstanding liabilities owed to him and amounts owed per the contract to the end of the term. On June 20, 2017 Christopher Carmichael became interim CEO of the company with the same terms as in his previous agreement. On March 1, 2015, the board modified Connie Jordan’s employment agreement to reflect the same base salary of $250,000 annually 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. Upon termination of the amended agreement, the Company is obligated to pay employee any outstanding liabilities owed to her and amounts owed per the contract to the end of the term. She also is to receive 300,000 options. On January 1, 2014, Brenden Garrison’s employment contract was amended to reflect an annual base salary of $225,000 with additional 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 received 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. Effective April, 2016, Mr. Harpole no longer provided services to the Company, and the employment agreement was terminated. 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 December 31, 2015 10-K, respectively. 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 June 30, 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. For the period April 1, 2013 to December 31, 2015, the EDD issued a notice of adjustment with an amount due of $39,427.21, and for the subsequent periods up to March 31, 2017 the amount owed was $150,339. As of June 30, 2016 and December 31, 2015, total amounts accrued on the accompanying condensed consolidated financial statements related to potential payroll taxes and penalties were $961,814 and $868,075, respectively. The California Employment Development Department has confirmed final balances for the tax years ended 2009 through March 31, 2017 for a total obligation of $225,555. The Company has a higher accrual for what is actually owed as when the above mentioned Officer and Vice President start receiving payment for their accrued salary it will match with the correct period. Litigation Think Design Media, Inc. and Related Entities As previously disclosed in the Company’s Quarterly Report for September 30, 2015 on February 26, 2015, the Company, Think Mobile, Inc., Think Design Media, Inc. and all other parties to the lawsuits submitted to the Superior Court of California, County of Orange a request for dismissal of all actions between the parties, after executing a Confidential Settlement Agreement and Release (the “Agreement”). As part of the Agreement, the lawsuits were settled and the Company obtained a full release from all defendants to such lawsuits. Other Ubiquity v. Castro On or about July 2014, Ubiquity filed a demand for arbitration with Judicial Arbitration and Mediation Services (‘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 Ubiquity 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 Ubiquity alleges that Castro breached the Castro Settlement and is seeking damages in the amount of $176,763, plus interest, representing the stated damages in the settlement agreement of what Ubiquity has paid to Castro. Ubiquity also seeked injunctive relief, actual losses incurred by Castro’s breach, and damages for unjust enrichment, including expenses and other sundry damages. Ubiquity was awarded a final amended award on January 6, 2017 for attorney’s fees of $32,919 and costs of $10,219 along with the original award for damages of $176,763. Interest is awarded as allowed on unpaid balances until paid in full. Total award less interest is $219,901. Kay Strategies v. Ubiquity Kay Strategies filed a complaint against the Company and its officers and directors for various violations of federal and state securities law, in the District Court for the Southern District of California. The Company and its officers and directors thereafter moved to dismiss the complaint under FRCP 12(b)(5) and 12(b)(6). Kay Strategies chose instead to amend voluntarily. Kay Strategies then filed a First Amended Complaint, alleging the same federal and state securities violations. The amended pleading essentially alleges that Kay Strategies purchased restricted Ubiquity stock from a third party. Kay Strategies’ personal representatives allegedly advised it that they were orally informed by Ubiquity’s outside securities’ attorney that it would lift the stock restrictions by a certain date, which did not occur, allegedly causing Kay Strategies damages. Kay Strategies contends that it would not have purchased the Ubiquity stock from the third party had it not had this assurance. The Company denies that it ever made such a guarantee or represented same to Kay Strategies’ representative. Ubiquity also contends that if outside counsel made any statements [which the Company denies happening], counsel was never authorized to do so. Prior to the stock purchase, no authorized director, officer or agent of the Company met with or discussed with anyone at Kay Strategies its prospective purchase of the Company’s stock from any third party. Ubiquity recently filed another FRCP 12(b)(6) motion challenging the efficacy of these allegations. The district court dismissed Kay Strategies’ first and second Amended Complaint without prejudice. On July 15, 2016, the court issued an order denying the Motion to Dismiss Claims against the Defendants, and directed Defendants to answer on or before August 15, 2016. On August 12, 2016, Defendants filed their Answer to the Amended Complaint. On November 18, 2016, an Early Neutral Evaluation Conference and Case Management Conference were held before Magistrate Judge Louisa S. Porter. The case did not settle. A scheduling order issued thereafter on November 21, 2016. A Mandatory Settlement Conference is scheduled for October 2, 2017 at 10:00 a.m. Kay Strategies is seeking $1,667,893 in compensatory damages and also undisclosed punitive damages and other court related costs. The Company has accrued all amounts due under the agreement. Typenex v. Ubiquity On August 14, 2015, the Company was served with a demand for arbitration by Typenex Co-Investment, LLC (“ Typenex Note Avant Garde v. Ubiquity Avant Garde initiated litigation against the Company, for the recovery of the Company’s lease of its office space in Irvine, California, claiming the Company’s failed to timely pay its September 2015 rent, allegedly one day late, under the applicable lease. When Ubiquity failed inadvertently to timely answer the unlawful detainer suit, the Company was defaulted. Instead of moving to set aside the default, the Company entered into two forbearance agreements, both of which lapsed. The Company then moved the Orange County Superior Court for an order restoring the lease, which motion was denied. The court thereafter stayed the action pending the outcome of an appeal challenging the denial filed by Ubiquity. On March 14, 2016, Ubiquity paid an additional $150,000 for an increased security deposit until the appeal is finalized. The Court of Appeals issued its decision affirming the trial court’s order denying Ubiquity’s Petition for relief from judgment declaring the release forfeited. The Opinion was issued on February 17, 2017 and made final April 21, 2017. On May 17, 2017 Avant Garde entered into a settlement agreement with the Company reinstating the lease with the original terms and conditions of the lease. The lease will be up for renewal January 2020. The Company did not provide a $150,000 letter of credit to its landlord by June 30, 2017 and could be at risk of a default. The Company’s counsel is in the process of working out other alternatives. Vista Capital On March 10, 2016, Vista Capital Investments, LLC (“Vista”) filed suit against the Company for breach of contract, unjust enrichment, declaratory relief, promissory estoppel, fraud, negligent misrepresentation and civil conspiracy in the Superior Court, Central Division, for the County of San Diego, California. The genesis of the suit is Vista’s allegations that the Company breached two Convertible Notes, one for $100,000 and the other for $50,000, by failing to timely repay these notes, when Vista declared the notes all due and payable after the Company failed to make timely filings with the SEC. The Company denies any wrongdoing, and intends to challenge the complaint by demurrer. The Company currently has a settlement offer being circulated to dismiss all claims. The Company has accrued all amounts due under the convertible note agreement. Keener Litigation On March 15, 2016, Justin Keener (“Keener”) dba JMJ Financial, sued the Company for breach of contract, arising out of a $300,000 convertible note representing capital infusions by Keener into the Company. Keener alleges the Company has failed to timely repay the note, after Keener demanded payment of the entire principal and interest under the note due to the Company’s default of certain other provisions of the note, which, as alleged, accelerated the note repayments. A Default judgment was entered against Ubiquity on February 9, 2017. Ubiquity is in the process of setting aside the default judgment so that a reduced settlement can be negotiated between the parties. The Company has accrued all amounts due under the convertible note agreement. Firstfire Global Opportunities Litigation On March 28, 2016, Firstfire Global Opportunities Fund LLC (“Firstfire”) filed suit against Ubiquity for breach of a securities purchase agreement, dated March 17, 2015, and a $140,250 senior convertible note (issued on March 17, 2015), attorneys’ fees and unjust enrichment in the Supreme Court of New York, New York County. Firstfire contends that Ubiquity breached the note by failing to timely repay “any amount towards the aggregate sum that Firstfire is owed,” the total of which is $304.889.88. A Judgment in the total amount of $315,406.24 was issued on August 10, 2016. The Company is currently negotiating the debt and in the process of having the default set aside. The Company has accrued all amounts due under the convertible note agreement and judgment. Brett and Mark Tomberlin Lawsuit On April 8 , R Squared Partners, LLC Litigation On April 20, 2016, R Squared Partners, LLC (“R Squared”) filed suit in the Supreme Court of New York, County of New York against Ubiquity and its CEO, Chris Carmichael, for breach of contract, breach of the implied covenant, unjust enrichment, specific performance, fraud, negligent misrepresentation, and civil conspiracy. The complaint essentially alleges that Ubiquity entered into a purchase and note transaction with R Squared whereby R Squared loaned the Company $140,250, which was due on September 20, 2015. R Squared alleges that, except for a $20,000 payment, the Company has not timely repaid the principal or interest on the note. R Squared also claims that the Company defaulted under other terms of the purchase agreement, including Ubiquity’s failure to obtain certain insurance policies, reduction of the book – value of certain of its assets, impairing its ability to pay its debts, and failure to honor R Squared’s third party participation rights by entering into third party financing agreements, though R Squared alleges that it has lost “not less than” $500,000. R Squared also seeks sundry injunctive relief, restraining Ubiquity and Carmichael from entering into future third party agreements and stock issuances. Finally, R Squared seeks undefined fraud damages against Ubiquity and its CEO arising out of Ubiquity’s and Carmichael alleged representations, as manifested in the purchase agreement. On October 27, 2016, the Court entered judgment in favor of R Squared Partners, LLC and against Ubiquity Inc. in the amount of $140,250 plus interest at 15% per annum from September 20, 2015 through entry of judgment. The Court also awarded R Squared Partners, LLC $17,500 in attorneys’ fees, per the terms of the promissory note. In this order, the Court also ordered that the clerk sever and enter judgment dismissing all claims against Christopher Carmichael, finding that Plaintiff had failed to prove that Carmichael acted in any capacity other than as CEO of Ubiquity or that any basis for individual liability exists. The Company is currently engaged in settlement discussions to exhaust this debt. The Company has accrued all amounts due under the convertible note agreement and judgment. North Matter: On October 10, 2014, the Company was served with a complaint filed on September 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. On October 28, 2016 North was awarded a $7,700,000 default judgment. The Company still believes the claim is without merit; and also still believes the statute of limitations has passed. The Company recorded a $7.7M loss contingency on the books as of December 31, 2015. The Company filed a motion to vacate the default judgment and dismiss the action on March 30, 2017; the default judgment was vacated on July 10, 2017 and the case in the Northern District of Illinois has been dismissed. The Company is currently assessing the accounting treatment of this dismissal to be reported in its 2017 financial statements. Pillar Marketing Group: On June 17, 2016 Pillar Marketing sent a demand for arbitration stemming from an alleged breach of contract from an agreement, dated April 23, 2015, for $45,000 of services. The company has not recorded a loss or contingency for this amount as it does not feel the balance is owed, and is unable to predict the outcome of the demand. On July 18, 2016, Pillar Marketing Group filed a demand for arbitration with AAA. No arbitration is currently scheduled. LG Capital Funding, LLC On June 14, 2016, LG Capital Funding, LLC sued Ubiquity, Inc. claiming that Ubiquity owes LG Capital $238,508.71 under the provisions of the Convertible Promissory Note (due on April 17, 2016), due to default of filing requirements of Section 8 of the note. Ubiquity originally received $100,000 on the disputed note, and is unable to predict the outcome of the suit. The Company has accrued all amounts due under the convertible note agreement. Justin Sundquist, Henry Kingi, and Eagle Flights Stunts, Inc. On August 9, 2016, the above filed a fraud and securities fraud action against Ubiquity. Plaintiffs were looking for rescission of their purchases of Ubiquity common stock, and payment to them by Ubiquity of the consideration given for such stock, plus interest at the legal rate. On October 3, 2016, the case filed by Justin Sundquist and Henry Kingi had been dismissed voluntarily, without prejudice. On October 14, 2016 the case filed by Justin Sundquist and Henry Kingi was moved to the San Diego United States District court in accordance with the low number rule. In January 2017, the court granted The Company’s motion to compel arbitration in Delaware. Mr. Kingi and Mr. Sundquist have filed for Arbitration with the American Arbitration Association claiming damages of approximately $1.8 million dollars representing approximately 1,444,000 common shares purchased and issued between May 2013 and November 2014. There are no future hearings on calendar, and the Company is unable to predict the future outcome. Bryan Harpole On May 25, 2016, Bryan Harpole filed a lawsuit claiming a breach of the Employment Agreement, dated January 1, 2012 and related Amendment, dated July 25, 2013. His unconfirmed claims include the following payments: unpaid salary (including statutory penalties according to proof pursuant to Labor Code 201 et seq amount undetermined), unpaid commissions ($4,268.25), unpaid bonuses ($55,548.30), unpaid vacation ($12,694) and sick ($1,731) days, medical insurance premiums ($5,100) and failure to deliver common stock (options) ($25,500) in accordance with the agreement Mr. Harpole would have been required to make full payment of the options as defined in the stock option agreement and Company’s demand after 30 days of his employment ceasing in the amount of $551,000.00 for the entirety of his 225,000 options or any portion thereof. As of the date of this filing no payment or payment arrangement has been made by Mr. Harpole, thus rendering the options invalid. Total damages include, but not limited to, $104,841.55 of salary amounts including statutory penalties plus possible court costs. He also sued for workers’ compensation benefits but was denied by the insurance carrier as being a false claim on July 25, 2016. Following rounds of demurrers, Bryan Harpole filed a Second Amended Complaint on March 13, 2017, removing the claims asserted against the officers and directors of the Company. This Complaint asserts a single cause of action for Breach of Contract against Ubiquity, Inc. This complaint claims the same damages as previously filed. Iconic Holdings, LLC On June 3, 2016, Iconic Holdings, LLC sued the Company, claiming that Ubiquity owes Iconic $400,000 under the provisions of the Convertible Promissory Note due to default of filing requirements of Section 2.00(e)(vi) of the Note. Ubiquity originally received $97,500 on the disputed note. The Company is currently in settlement discussions, and has accrued all amounts due under the convertible note agreement. American States Insurance Company One June 9, 2016 America States Insurance Company filed a breach of contract against Ubiquity for a total potential amount owed of $44,904.73. The company contends it cancelled the agreements and is unable to determine the outcome of the breach of contract claim. De Lage Landen Financial Services, Inc. On January 29, 2016, De Lage Landen claimed the Company breached its leasing agreement dated on or about May 17, 2011 and claim breached damages of $29,396.37. The Company has not accounted for an accrual for this claim as it us unable to determine the outcome at this time. The Company contends it does not owe the balance as the lease was terminated. William Alessi William Alessi alleges that Ubiquity hired him to work as a consultant on May 21, 2015 and agreed to pay him 1,160,000 shares of common stock for the service period from May 21, 2015 to May 20, 2016. Alessi contends that the stock was trading at $.36 per share and was worth $417,600. The Company contends it issued such shares in September 2015 in accordance with the contract and does not owe anything further.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2016
Subsequent Events [Abstract]
Subsequent Events	NOTE 9 - SUBSEQUENT EVENTS Convertible Note On October 21, 2016, the Company entered into an agreement with a debt holder in which $5,466 in accounts payable was converted to a convertible promissory note in the same amount. Under the terms of the agreement, the note was immediately convertible at $0.001 per share, incurred interest at 10% and due upon demand. The Company accounted for the transaction in the quarter ended December 31, 2016 when a conversion was requested. The Company determined that a beneficial conversion feature of $5,466 will be recorded and immediately expensed as interest expense at the time of the original agreement. Assignees of the holder converted $5,466 of the balance into 5,466,000 shares of common stock, on October 21, 2016. Sales of Common Stock Subsequent to June 30, 2016, the Company issued approximately 30,107,000 shares of common stock for cash proceeds of $1,311,658. 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 June 30, 2016, the Company issued approximately 3,159,712 shares of common stock for services with a value of $670,289. Licensing On April 24, 2017, the Company entered into an exclusive license agreement with ADGUILD Japan, L.T.D. until December 31, 2021 primarily licensing its Sprocket, Immersive, and Lifestyle Patents in a predetermined territory. The License has a non-refundable entry fee in the amount of $3,000,000 (THREE MILLION DOLLARS) to be paid out over the term of the agreement. The Company will also receive royalties of 5% of the gross sales of all licensing related revenue with minimum sales requirements each year as follows, $575,000 for 2017, $1,250,000 for 2018, $1,500,000 for 2019, $1,750,000 for 2020, and $2,250,000 for 2021. Through the date of this filing the Company has not received any of the non-refundable fee. Board of Director Activity August 12, 2016 - Nicholas Mitsakos resigned as the Interim Chief Executive Officer and as the Co-Chairman and member of the Board of Directors of Ubiquity, Inc. effective August 12, 2016. Mr. Mitsakos’ resignation was not related to any disagreement with the Company on any matter relating to the Company’s operations, policies and practices. While serving on the board of directors and as CEO of the company, Mitsakos failed to advise the board of his SEC investigation into a company owned and solely controlled by Mitsakos known as Matrix Capital. Matrix Capital has never had any affiliation with Ubiquity, its Officers, Directors, or Shareholders whatsoever. On August 15, 2016, the Board of Directors (the “Board”) of Ubiquity, Inc. (the “Company”), appointed Bola Ajere, 68, as a new member of the Board. Bola Ajere is the President & CEO and founder of the AMC Consulting Group, a management and technology consulting company based in Los Angeles, California, specializing in Information Technology, Corporate Governance, Risk Management and Regulatory Compliance Programs. He is also the CEO and founder of the Sierra Madre Group, an Intellectual Property Management and manufacturing company. Recently, he founded the AMC Online Media Services Company, a professional online interactive media company based in Los Angeles, California. On April 20, 2017, the Board of Directors (the “Board”) of Ubiquity, Inc. (the “Company”) voted to appoint Robert B. Fernander to fill a vacancy on the Company’s Board. The Company entered into a Board of Directors Retention Agreement (the “Retention Agreement”) with Mr. Fernander, pursuant to which the Company agreed to grant 250,000 shares of the Company’s Common Stock for the first year of service under the Retention Agreement, and an additional 250,000 shares of the Company’s Common Stock for each year of service as a director thereafter. Mr. Fernander has not been appointed to any committees of the Board at this time; however, the Company expects that he will be appointed to one or more Board committees in the future. There are no arrangements or understandings between Mr. Fernander and any other persons pursuant to which Mr. Fernander was appointed a director of the Company. Potential/Actual Board Resignations Bola Ajere has resigned from his respective position as an independent board member from the Ubiquity Inc. He will consider rejoining the board if Ubiquity Inc. is able to obtain a D & O insurance with a coverage of $5 million. On May 25, 2017, Mr. Robert Fernander expressed his intentions to resign from the Board of Directors, should Ubiquity be unable to secure adequate levels of directors and officers Insurance. Interim CEO Appointment On June 20, 2017, at the request of the majority of the Company’s shareholders current chairman Christopher Carmichael has agreed to become the Company’s Interim Chief Executive Officer and will remain as Chairman of the Company. Mr. Carmichael who has previously served the dual roles of CEO and Creative Architect will retain the role of interim CEO, Chief Creative Architect, and Chairman until the shareholders meeting. Suspension of Trading On March 20, 2017, the Securities and Exchange Commission (“SEC”) announced the temporary suspension of trading in the securities of Ubiquity, Inc., a Nevada corporation (the “Company or “Ubiquity”) (OTC Link: UBIQ), pursuant to Section 12(k) of the Securities Exchange Act of 1934 (“Exchange Act”). The trading suspension commenced at 9:30 a.m. EDT on March 20, 2017, and terminated at 11:59 p.m. EDT on March 31, 2017. The trading suspension may be extended by the SEC for a period of up to thirty (30) calendar days. The SEC stated the following in its release (Release No. 80275) The Commission temporarily suspended trading in the securities of Ubiquity due to a lack of current and accurate information about the company because Ubiquity is delinquent in its requisite periodic filings with the Commission pursuant to Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder. This order was entered pursuant to Section 12(k) of the Exchange Act. Periodic Reports that Have Not Been Filed Ubiquity has not filed its Annual Report on Form 10K as of, and for the annual period ending December 31, 2016, respectively; or its quarterly report on Form 10Q for the period ended September 30, 2016 required under the Exchange Act for 2016 and the 10Q for the period ended March 31, 2017 for 2017. Administrative Hearing that May Result in Revocation of Registration Under the Exchange Act Additionally, on March 20, 2017, Ubiquity was named as a respondent in an Order Instituting Administrative Proceedings and Notice of Hearing Pursuant to Section 12(j) of the Exchange Act, File No. 3-17884 (the “Order”). The SEC stated in the Order, In view of the allegations made by the Division of Enforcement, the Commission deems it necessary and appropriate for the protection of investors that public administrative proceedings be instituted to determine [among other things]: … B. Whether it is necessary and appropriate for the protection of investors to suspend for a period not exceeding twelve months, or revoke the registration, of each class of securities registered pursuant to Section 12 of the Exchange Act of the Respondent, and any successor under Exchange Act Rules 12b-2 or 12g-3, regardless of corporate name. A related Administrative Procedures Ruling was issued on March 21 and provides that the administrative hearing will be held on April 17, 2017. A pre-hearing conference will be scheduled as required under this Administrative Procedures Ruling. If Ubiquity’s registration under Section 12(j) of the Exchange Act is revoked, then Ubiquity’s periodic reporting obligations under the Exchange Act will terminate and the trading of Ubiquity’s securities will cease unless Ubiquity is able to otherwise register its securities. The Company is assessing its best course of action under the current circumstances to preserve the value of the Company for its shareholders, including participation in the administrative hearing. There can be no assurance that Company will be able to prevail at the administrative hearing or that the registration of each class of its securities registered pursuant to Section 12 of the Exchange Act will not be revoked. Suspension of Trading and Pending Administrative Hearing. As disclosed on March 20, 2017 in the Form 8-K filed by Ubiquity, Inc., a Nevada corporation (the “ Company Ubiquity SEC Exchange Act The Company also disclosed that it was named as a respondent in an Order Instituting Administrative Proceedings (the OIP Hearing On April 7, 2017, the Company, which has been delinquent in its periodic filings following its report for the quarter ended September 30, 2015, filed its Answer to the OIP and advised the SEC and the Administrative Law Judge that it plans to become current by June 30, 2017. On April 11, 2017, the Administrative Law Judge vacated the April 17, 2017 hearing date and issued a scheduling order for the SEC’s intended motion for summary disposition, pursuant to 17 C.F.R. § 201.250(b). The SEC served the Company on June 15, 2017. The Company’s opposition to the SEC’s motion and the SEC’s reply was due on July 10, 2017, and July 17, 2017, respectively. As of July 25, 2017, the SEC and Ubiquity, Inc., have now jointly moved for a stay pursuant to 17 C.F.R. § 201.161(c)(2), stating that Ubiquity has submitted a signed settlement offer, which provides the full relief that the Division seeks in this proceeding and which the Division intends to recommend favorably to the Commission. Accordingly, the proceeding will be stayed, contingent upon compliance with 17 C.F.R. § 201.161(c)(2). Through its counsel, the Company has been in contact with the SEC regarding the upcoming hearing. In these communications, the Company has informed the SEC of its plan to get current on outstanding Section 12 filings and become fully compliant as soon as is reasonably practicable. The Restructuring Plan In addition, the Company is currently indebted in the amount of approximately $3.1 million to certain hedge funds and other investors holding convertible debt securities and warrants of the Company. Substantially all of these obligations are currently in default, either by reason of non-payment or alleged breaches of covenants contained in the various investment agreements. Since 2015, the Company has been named as a defendant in 16 lawsuits filed by various third parties, primarily consisting of holders of its debt securities, alleging damages in excess of $3.0 million. In addition, due in part to its prior lack of funds to defend certain all claims, in some cases, default judgments aggregating approximately $8.0 million were entered against the Company. The Company has recently retained or is in the process of retaining litigation counsel for all such matters to the extent they are not resolved in the near future. Litigation counsel is in the process of evaluating the Company’s positions in such matters, including the possibility of seeking to vacate the default judgments. Although the Company believes that under its proposed Restructuring Plan set forth below (the “ Restructuring Plan ”) As indicated in our March 24, 2017 Form 8-K, Ubiquity was unable to file its Annual Reports on Form 10-K as of, and for the annual periods ending December 31, 2015 and December 31, 2016 or the quarterly reports on Form 10-Q required under the Exchange Act during 2016, for several reasons, including inability to obtain requisite financial information from a Non-U.S. entity. We recently were able to obtain such financial information and commenced all procedures necessary to enable us to prepare such financial statements, including our unaudited financial statements for the three months ended March 31, 2017. The Company intends to undertake a Restructuring Plan described in order to (a) ultimately achieve compliance with its reporting obligation under the Exchange Act, (b) settle all, if not substantially all, of its outstanding litigation, and (c) implement its business plan to commercialize its patent portfolio and provide software as a service (SaaS), mobility as a service (MaaS), virtual and augmented reality products and services. Such Restructuring Plan contemplates the following actions to be taken by the Company: Compliance with Exchange Act Reporting Requirements The Company is currently working with its securities counsel and its independent auditors to complete and file with the SEC as soon as reasonably practicable, its past due periodic SEC required filings. In the event that the Company’s registration under Section 12 of the Exchange Act is revoked, or if the Company ultimately elects to voluntarily delist its securities under the Exchange Act, the Company will nevertheless undertake to complete as soon as reasonably practicable its audited and unaudited financial statements for the past due fiscal years and interim periods. The Company will then seek to relist its securities under Section 12 of the Exchange Act, by filing a registration statement under either the Securities Act of 1933, as amended, or the Exchange Act. However, if the Company’s registration under Section 12 of the Exchange Act is revoked, or if the Company ultimately elects to voluntarily delist its securities under the Exchange Act, even if we comply with our commitments set forth above and in our Restructuring Plan, there can be no assurance that the Company’s will ever be able to relist its securities for trading under Section 12 of the Exchange Act. As of July 25, 2017, the SEC and Ubiquity, Inc., have now jointly moved for a stay pursuant to 17 C.F.R. § 201.161(c)(2), stating that Ubiquity has submitted a signed settlement offer, which provides the full relief that the Division seeks in this proceeding and which the Division intends to recommend favorably to the Commission. Accordingly, the proceeding will be stayed, contingent upon compliance with 17 C.F.R. § 201.161(c)(2). Equity Financing Under our proposed Restructuring Plan, the Company will undertake to obtain commitments from strategic investors for a private placement equity financing of between $5.0 million and $10.0 million. In such connection, the management of the Company has sent proposed subscription documents to prospective investors, under which such investors would subscribe to purchase Common Stock at $0.25 per share (subject to certain “make-whole” share adjustments provided therein). All funds provided with subscriptions would be placed into a special escrow account acceptable to such investors, and shall be released to the Company only upon consummation of the Restructuring Plan described herein, including the filing of all SEC Reports and (if applicable) relisting of the Company securities under Section 12 of the Exchange Act. In addition, such subscription agreement provides that each subscribing investor will have the option, exercisable within ten days of receipt of either (a) the Company’s 2016 Form 10-K Annual Report and the Form 10-Q Quarterly Report for the three months ended March 31, 2017, or (b) a registration statement covering Company securities declared effective by the SEC, to rescind his or its investment in Company securities. There can be no assurance that the Company will be able to obtain subscriptions for the contemplated minimum $5,000,000 of equity financing on the above contemplated terms, if at all. Settlements with Creditors. Subject to establishment of an escrow account with a minimum of $5,000,000, the Company will then seek to negotiate settlements with its creditors which would include payment or restructuring of the terms of convertible notes currently in default. There can be no assurance that the Company will be able to effect such settlements on terms acceptable to the Company, if at all. Reverse Stock Split Simultaneous with the filing of the SEC Reports under the Exchange Act or in connection with any subsequent registration statement filed with the SEC, the board of directors of the Company is considering filing an amendment to the Articles of Incorporation of the Company to affect a 1:16 to 1:20 reverse stock split of its 800,000,000 authorized shares of Common Stock, and 290,760,132 issued and outstanding shares of Common Stock. Upon conversion of outstanding convertible notes and warrants approximately an additional 60,000,000 shares of Common Stock are also subject to issuance. If such reverse stock split is implemented, the Company would have authorized 53,333,333 shares of Common Stock and 10,000,000 shares of Preferred Stock authorized under its restated Articles of Incorporation, and approximately 19,384,000 shares of Common Stock and 500 shares of preferred stock issued and outstanding. Each of the 500 shares of such outstanding preferred stock carries with it 1,000,000 votes at any regular or special stockholders meeting or in connection with any consents required by stockholders. All 500 shares of such preferred Stock are owned by Christopher Carmichael, Board of Director and Connie Jordan, the Executive Vice President of the Company. Stockholders Meeting At such time as the Company has completed its audited financial statements for the fiscal years ended December 31, 2015 and December 31, 2016 and its unaudited interim financial statements, the Company will call a stockholders meeting to (a) elect a board of directors, which will include, in addition to the current board members, three independent directors; and (b) ratify prior transactions, including the Restructuring Plan. In any event, whether or not the Restructuring Plan has been accomplished, the Company will nonetheless hold its annual stockholders meeting on or about September 5, 2017, or as soon thereafter as is practicable. There can be no assurance that all or any material portion of the Company’s proposed Restructuring Plan will be accomplished if at all. The failure to achieve all or substantially all of the provisions of such Restructuring Plan would have a material and adverse effect on the Company and put its ability to continue its business operations into substantial doubt as a result of which current investors in the Company could lose their entire investment. Suspension of Trading and Pending Administrative Hearing. As disclosed on March 20, 2017 in the Form 8-K filed by Ubiquity, Inc., a Nevada corporation (the “ Company Ubiquity SEC Exchange Act The Company also disclosed that it was named as a respondent in an Order Instituting Administrative Proceedings (the OIP Hearing On April 7, 2017, the Company, which has been delinquent in its periodic filings following its report for the quarter ended September 30, 2015, filed its Answer to the OIP and advised the SEC and the Administrative Law Judge that it plans to become current by June 30, 2017. On April 11, 2017, the Administrative Law Judge vacated the April 17, 2017 hearing date and issued a scheduling order for the SEC’s intended motion for summary disposition, pursuant to 17 C.F.R. § 201.250(b). The SEC served the Company on June 15, 2017. The Company’s opposition to the SEC’s motion and the SEC’s reply was due on July 10, 2017, and July 17, 2017, respectively. As of July 25, 2017, the SEC and Ubiquity, Inc., have now jointly moved for a stay pursuant to 17 C.F.R. § 201.161(c)(2), stating that Ubiquity has submitted a signed settlement offer, which provides the full relief that the Division seeks in this proceeding and which the Division intends to recommend favorably to the Commission. Accordingly, the proceeding will be stayed, contingent upon compliance with 17 C.F.R. § 201.161(c)(2). Other In accordance with ASC 855-10, the Company has analyzed its operations subsequent to June 30, 2016 through the date these condensed 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 Accoun15

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Interim Consolidated Financial Statements	Interim Condensed Consolidated Financial Statements The accompanying unaudited interim condensed 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 condensed 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, 2015. The results of operations for the three months and six months ended June 30, 2016 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”) and SWI, its variable interest entity for all periods presented. 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.
Variable Interest Entity Considerations	Variable Interest Entity Considerations Sponsor Me: U.S GAAP 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 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 has the power to direct the most significant activities of SME. On March 31, 2015, SME was acquired by Ubiquity and thus the VIE was eliminated. Sprocket Wearables Inc. U.S GAAP require that if an entity is the primary beneficiary of a 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 Sprocket Wearables Inc. (SWI), and accordingly, has consolidated this entiy beginning in December 2015, with the equity interests of the unaffiliated investors in SWI presented as Non-controlling Interests in the accompanying interim consolidated financial statements. Under ASC 810-10 the Primary Beneficiary is the party that has both of the following: 1. The power to make decisions regarding the activities that most significantly impact the success of the VIE, and 2. The obligation to absorb losses or rights to receive benefits of the entity that could potentially be significant to the VIE. When multiple parties make decisions over different activities of the entity, only the party with power to direct the activities that most significantly impacts the entity’s economic performance will have satisfied the first condition. The Company has the power to direct the most significant activities of SWI. Ubiquity satisfies the second condition because as the primary source of capital beginning in 2016, Ubiquity, Inc. is expected to absorb the losses that will be significant to the VIE.
Sprocket HK	Sprocket HK: U.S. GAAP requires that if an entity is the primary beneficiary of a var “VIE”, the entity should consolidate the assets, liabilities and results of operations of the VIE in its consolidated financial statements. Under ASC 810-10 the Primary Beneficiary is the party that has both of the following: 1. The power to make decisions regarding the activities that most significantly impact the success of the VIE, and 2. The obligation to absorb losses or rights to receive benefits of the entity that could potentially be significant to the VIE. Ubiquity, Inc. does not consider itself to be the primary beneficiary of Sprocket HK. Based on the above, the accounts of Sprocket HK were not consolidated in the accompanying consolidated financial statements, 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 does not have the power to direct the most significant activities of Sprocket HK. Originally the Company was formed with the intent of giving Ubiquity, Inc. a 51% stake in Sprocket HK, as well as a Board of Directors seat of Sprocket HK; however the Company was never given shares nor was a board of director seat granted. Ubiquity also does not satisfy the second condition either. Ubiquity, Inc. is not expected to absorb any gains or losses that will be significant to the VIE. On June 28, 2016 Ubiquity ceased doing all business altogether due to a material breach of its licensing agreement. Accordingly, the Company accounts for Sprocket HK under the cost method of accounting. The investment balance was $0 at December 31, 2015 and June 30, 2016.
Non-controlling Interests	Non-Controlling Interests Non-controlling interest disclosed within the condensed consolidated statements of operations represents the minority ownership’s 100% share of net losses of SME incurred during three months ended March 31, 2015. On March 31, 2015, SME was acquired by Ubiquity and thus the non-controlling interest was eliminated on that date. Ubiquity, Inc. does not own Sprocket HK Limited as of August 2016 due to the breach of the agreement and failure to provide required financial information, which is not consolidated into the accompanying consolidated financial statements. See above for additional information. Non-controlling interest disclosed within the condensed consolidated statements of operations represents the minority ownership’s 53% share of net losses of SWI incurred during three and six months months ended June 30, 2016.
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.
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.
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 $496 and $14,535 for the six months ended June 30, 2016 and 2015, 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.
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.
Recently Issued Accounting Guidance	Recently Issued Accounting Guidance In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), which amends the existing accounting standards for revenue recognition. ASU 2014-09 is based on principles that govern the recognition of revenue at an amount an entity expects to be entitled when products are transferred to customers. ASU 2014-09 will be effective for the Company beginning in its first quarter of 2017. Early adoption is not permitted. The new revenue standard may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of adoption. The Company’s adoption of this standard did not have a material impact on the Company’s consolidated financial statements. In August 2014, the FASB issued guidance that requires management to evaluate whether there are conditions or events that raise substantial doubt about an entity’s ability to continue as a going concern. If such conditions or events exist, disclosures are required that enable users of the financial statements to understand the nature of the conditions or evens, management’s evaluation of the circumstances and management’s plans to mitigate the conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern. The Company will be required to perform an annual assessment of its ability to continue as a going concern when this standard becomes effective on January 1, 2017. The Company’s adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. In November 2015, the FASB issued ASU 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes. The amendments in this update simplify the presentation of deferred taxes by requiring deferred tax assets and liabilities be classified as noncurrent on the balance sheet. These amendments may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. The amendments are effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Earlier application is permitted for all entities as of the beginning of an interim or annual reporting period. The guidance is not expected to have a material impact on the Company’s consolidated financial statements. The Company’s adoption of this guidance did not have a material impact on the Company’s consolidated financial statements In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2016-02 “Leases (Topic 842)” (“ASU 2016-02”), which requires lessees to put most leases on the balance sheet but recognize expense on the income statement in a manner similar to current accounting. For lessors, ASU 2016-02 also modifies the classification criteria and the accounting for sales-type and direct financing leases. The standard requires a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements and is effective in the first quarter of 2019. Early adoption of ASU 2016-02 is permitted; however the Company plans to adopt the standard in the first quarter of 2019. The Company is evaluating the impact of ASU 2016-02. The following standards were effective for and adopted by the Company in 2017. The adoption of these standards did not have a material impact on the Company’s consolidated financial position, results of operations or cash flows: Update 2017-04— Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment A public business entity that is an SEC filer should adopt the amendments in this Update for its annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019.A public business entity that is not an SEC filer should adopt the amendments in this Update for its annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2020. All other entities, including not-for-profit entities, that are adopting the amendments in this Update should do so Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company is evaluating the impact of ASU 2017-04. Update 2017-09— Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting Effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Early adoption is permitted, including adoption in any interim period, for public business entities for reporting periods for which financial statements have not yet been issued. The Company is evaluating the impact of ASU 2017-09. Update 2017-01— Business Combinations (Topic 805): Clarifying the Definition of a Business Public business entities should apply the amendments in this Update to annual periods beginning after December 15, 2017, including interim periods within those periods. The Company is evaluating the impact of ASU 2017-14. Update 2016-17— Consolidation (Topic 810): Interests Held through Related Parties That Are under Common Control The amendments in this Update are effective for public business entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The Company’s adoption of this guidance did not have a material impact on the Company’s consolidated financial statements Update 2016-09— Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting For public business entities, the amendments are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted for any entity in any interim or annual period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity that elects early adoption must adopt all of the amendments in the same period. The Company’s adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. Update 2016-07— Investments—Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting Effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. The amendments should be applied prospectively upon their effective date to increases in the level of ownership interest or degree of influence that result in the adoption of the equity method. Earlier application is permitted. The Company’s adoption of this guidance did not have a material impact on the Company’s consolidated financial statements.

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2016
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 June 30, 2016 and December 31, 2015: June 30, 2016 December 31, 2015 Patents and trademarks $ 0 $ 0 Media projects 0 405,252 Sprocket Asset Group 0 0 Subtotal, intangible assets 0 405,252 Accumulated amortization 0 0 Intangible assets, net $ 0 $ 405,252

Accrued Expenses (Tables)

Accrued Expenses (Tables)	6 Months Ended
	Jun. 30, 2016
Payables and Accruals [Abstract]
Schedule of Accrued Expenses	Accrued expenses consisted of the following as of June 30, 2016 and December 31, 2015: June 30, 2016 December 31, 2015 Salaries and wages - Ubiquity, Inc. $ 503,515 $ 564,767 Payroll and other taxes 1,216,577 1,169,197 Accrued consulting fee 354,377 791,877 Accrued interest 605,587 459,068 Accrued rent 98,729 93,575 Stock Price Guarantee 205,700 205,700 Other 83,000 310,499 Total current accrued expenses 3,067,485 3,594,682

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2016
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, 2016 and 2015, and June 30, 2016 and 2015: Christopher Christopher Carmichael Carmichael Connie Jordan Connie Jordan 3/31/2015 3/31/2016 3/31/2015 3/31/2016 Beginning Accrued Balance $ 2,705,365 $ 348,746 $ 1,199,523 $ 62,448 Salary - Ubiquity, Inc. Period Ended March 31st $ 142,151 $ 133,050 $ 71,914 $ 66,100 Sponsor Me, Inc. Period Ended March 31st $ 50,000 $ 0 $ 47,500 $ 0 Bonus $ 10,875 $ 870 $ 3,263 $ 373 Other $ (1,000,000 ) $ {1} $ - $ Subtotal $ 1,908,391 $ 482,666 $ 1,322,199 $ 128,921 Payments $ (237,233 ) $ (232,708 ) $ (69,803 ) $ (71,143 ) SME Amounts Forgiven in Share Exchange Agreement $ (1,470,863 ) $ 0 $ (1,198,565 ) $ 0 Accrual - Ended March 31 $ 200,295 $ 249,958 $ 53,831 $ 57,778 Christopher Carmichael 6/30/2015 Christopher Carmichael 6/30/2016 Connie Jordan 6/30/2015 Connie Jordan 6/30/2016 Beginning Accrued Balance $ 200,295 $ 249,958 $ 53,831 $ 57,778 Salary - Ubiquity, Inc. Period Ended June 30th 162,289 133,050 87,981 66,100 Bonus 457 207 196 89 Subtotal 363,041 383,215 142,007 123,966 Payments 106,844 310,847 18,500 86,952 Accrual Ended June 30th, 256,197 72,367 123,507 37,015 {1} Salary and bonuses forgiven for the exchange to purchase options, see note 6
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 June 30, 2016 and 2015: 2016 2015 Receivable from SC Business, beginning of the year $ 1,707,634 $ 1,279,681 Amount charged on Ubiquity Credit Cards by SC Business $ 2,153,925 $ 3,109,132 Amounts remitted back to Ubiquity or paid on Ubiquity’s behalf (2,051,968 ) (2,694,247 ) Amounts retained by SC for settlements of Brenden Garrison’s accrued salary and reimbursements(2016) and amounts due SC (2015) 0 (110,202 ) PayPal and other fees incurred by SC Business (46,661 ) (112,133 ) Receivable from SC Business(1) June 30, $ 1,762,931 $ 1,472,331 Amounts remitted to SME $ 18,200 $ 182,550
Max Gan [Member]
Summary of Compensation Paid and Amounts Payable	The following is a summary of the transactions between the parties during the six months ended June 30, 2016 and 2015: 2016 2015 Receivable from Max Gan, beginning of year $ 0 $ 247,461 Amount charged on Ubiquity Credit Cards $ 95,763 $ 532,204 Amounts remitted back to Ubiquity (95,763 ) (481,875 ) PayPal and other fees incurred (18,785 ) Receivable from Max Gan, end of period $ $ 279,004

Company Overview (Details Narra

Company Overview (Details Narrative) - USD ($)	Sep. 25, 2015	Mar. 13, 2015	Dec. 31, 2014	Jun. 30, 2016	Jun. 30, 2015	Jun. 28, 2016	Dec. 31, 2015	Sep. 18, 2015	Mar. 03, 2015	Sep. 20, 2013
Par value of common stock				$ 0.001			$ 0.001
Forgaveness of accrued salary and related payroll taxes			$ 313,136
Relinquished shares			39,625,000
Issuance of common stock				$ 3,074,574	$ 1,272,500
Minimum [Member]
Issuance of common stock				10,000,000
Maximum [Member]
Issuance of common stock				15,000,000
Future Operations [Member]
Issuance of common stock				$ 1,311,658
Sponsor Me [Member] | Share Exchange Agreement [Member]
Number of shares acquired			3,878,467
Percentage of aggregate purchase price			3.59%
Forgaveness of accrued salary and related payroll taxes			$ 3,200,000
Christopher Carmichael [Member]
Forgaveness of accrued salary and related payroll taxes			$ 1,470,863
Relinquished shares			19,800,000
Connie Jordan [Member]
Forgaveness of accrued salary and related payroll taxes			$ 1,198,565
Relinquished shares			19,800,000
Brenden Garrison [Member]
Forgaveness of accrued salary and related payroll taxes			$ 257,026
Relinquished shares			25,000
Sprocket HK Limited [Member]
Minorty interest ownership percentage						51.00%			51.00%
Proceeds from share agreement		$ 100,000
Net revenue percentage		60.00%
Amount of initial minimum cash payment						$ 100,000
Sprocket Wearables, Inc [Member]
Minorty interest ownership percentage				47.00%				25.00%
Proceeds from share agreement				$ 1,125,000
Investment				1,125,000
Royalty percentage	15.00%
License non-refundable entry fee	$ 1,500,000
Licensing revenue	$ 1,500,000
Sprocket Wearables, Inc [Member] | July 31, 2017 [Member]
Investment				$ 1,982,500
Appetizer Mobile [Member]
Minorty interest ownership percentage				20.00%
Moveo, LLC [Member]
Minorty interest ownership percentage				20.00%
Other Investors [Member]
Minorty interest ownership percentage				10.00%
Merger Agreement [Member]
Par value of common stock										$ 0.001

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Mar. 31, 2015
Related Party Transaction [Line Items]
Percentage of ownership interest				100.00%
Investment	$ 0		$ 0
Advertising costs	$ 496	$ 14,535
Sprocket Wearables, Inc [Member]
Related Party Transaction [Line Items]
Percentage of minority ownership	53.00%
Sprocket HK Limited [Member]
Related Party Transaction [Line Items]
Percentage of minority ownership	51.00%

Intangible Assets (Details Narr

Intangible Assets (Details Narrative) - USD ($)	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 0	$ 0	$ 405,406	$ 0	$ 414,163
Loss on impairment of intangible assets			$ 940,000		$ 940,000	$ (5,422,055)

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangibles Assets (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Subtotal, intangible assets	$ 0	$ 405,252
Accumulated amortization	0	0
Intangible assets, net	0	405,252
Patents and Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Subtotal, intangible assets	0	0
Media Projects [Member]
Finite-Lived Intangible Assets [Line Items]
Subtotal, intangible assets	0	405,252
Sprocket Asset Group [Member]
Finite-Lived Intangible Assets [Line Items]
Subtotal, intangible assets	$ 0	$ 0

Accrued Expenses (Details Narra

Accrued Expenses (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Feb. 28, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional compensation expense		$ 5,267,254	$ 1,002,936	$ 5,947,116	$ 2,422,314
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		$ 1,216,577		$ 1,216,577		$ 1,169,197
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 ($)	Jun. 30, 2016	Dec. 31, 2015
Payables and Accruals [Abstract]
Salaries and wages - Ubiquity, Inc.	$ 503,515	$ 564,767
Payroll and other taxes	1,216,577	1,169,197
Accrued consulting fee	354,377	791,877
Accrued interest	605,587	459,068
Accrued rent	98,729	93,575
Stock Price guarantee	205,700	205,700
Other	83,000	310,499
Total current accrued expenses	$ 3,067,485	$ 3,594,682

Convertible Notes Payable (Deta

Convertible Notes Payable (Details Narrative)	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)$ / shares	Jun. 30, 2015USD ($)$ / shares	Jun. 30, 2016USD ($)Number$ / sharesshares	Jun. 30, 2015USD ($)$ / sharesshares	Mar. 31, 2016USD ($)
Debt Instrument [Line Items]
Convertible notes payable principal amount		$ 50,000		$ 50,000
Debt instruments conversion amount				281,292
Initial derivative liabilities		231,292		231,292
Gain on extinguishment				8,441
Loss on derivative liability	$ (1,631,811)	(1,393,783)	$ (3,691,179)	$ (1,906,479)
Debt instruments conversion shares | shares				815,867
June 20, 2017 [Member]
Debt Instrument [Line Items]
Debt instruments conversion shares | shares			90,000,000
Derivative Liabilities [Member]
Debt Instrument [Line Items]
Initial derivative liabilities	$ 10,476,844	3,267,843	$ 10,476,844	$ 3,267,843
Exercise price per shares | $ / shares	$ 0.14		$ 0.14
Fair value of expected dividend yield			0.00%	0.00%
Fair value of expected volatility			183.00%
Fair value of risk free interest rates			0.12%
Fair value of expected terms			1 year
Loss on derivative liability	$ 1,631,811		$ 3,691,179	$ 1,363,000
Derivative Liabilities One [Member]
Debt Instrument [Line Items]
Initial derivative liabilities	$ 10,476,844	$ 3,726,664	$ 10,476,844	$ 3,726,664
Exercise price per shares | $ / shares	$ 0.14		$ 0.14
Stock price per share | $ / shares	$ (0.04)	$ 0.26	$ (0.04)	$ 0.26
Fair value of expected dividend yield			0.00%	0.00%
Fair value of expected volatility			183.00%
Fair value of risk free interest rates			12.50%
Fair value of expected terms			1 year
Loss on derivative liability		$ 1,393,783	$ 3,691,179	$ 1,906,479
Minimum [Member] | Derivative Liabilities [Member]
Debt Instrument [Line Items]
Exercise price per shares | $ / shares		$ 0.0853		$ 0.0853
Stock price per share | $ / shares		0.15		$ 0.15
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 | $ / shares		0.14		$ 0.14
Fair value of expected volatility				143.00%
Fair value of risk free interest rates				0.23%
Fair value of expected terms				1 month 16 days
Maximum [Member] | Derivative Liabilities [Member]
Debt Instrument [Line Items]
Exercise price per shares | $ / shares		1		$ 1
Stock price per share | $ / shares		0.57		$ 0.57
Fair value of expected volatility				200.00%
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 | $ / shares		$ 0.15		$ 0.15
Fair value of expected volatility				188.00%
Fair value of risk free interest rates				0.56%
Fair value of expected terms				1 year 9 months 29 days
Convertible Notes Payable [Member]
Debt Instrument [Line Items]
Convertible notes payable principal amount		$ 3,046,955		$ 3,046,955
Debt maturity date description			August 2015 to January 2017
Convertible notes payable are convertible into common stock rate			55.00%
Consecutive trading days period | Number			180
Convertible notes payable discount	108,412	$ 361,944	$ 108,412	361,944
Debt discount amortized to interest expense	56,145		888,840
Unamortized debt discount	$ 108,412		$ 108,412
Convertible Notes Payable [Member] | Minimum [Member]
Debt Instrument [Line Items]
Interest rate	1.00%		1.00%
Convertible Notes Payable [Member] | Maximum [Member]
Debt Instrument [Line Items]
Interest rate	12.00%		12.00%
Convertible Notes Payable One [Member]
Debt Instrument [Line Items]
Convertible notes payable principal amount	$ 4,412,496		$ 4,412,496
Convertible notes payable discount	$ 108,412		108,412
Debt discount amortized to interest expense			$ 253,532	$ 888,840
Unamortized debt discount					$ 164,557
Convertible Notes Payable One [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt instruments interest increase decrease			0.00%
Debt instruments interest per annum			10.00%
Convertible Notes Payable One [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt instruments interest increase decrease			24.00%
Debt instruments interest per annum			150.00%

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	Jan. 04, 2016	Jul. 02, 2014	Jan. 02, 2014	Dec. 20, 2013	Dec. 20, 2013	Dec. 31, 2014	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Jun. 09, 2016	Jul. 31, 2013	Mar. 22, 2013
Related Party Transaction [Line Items]
Debt instruments conversion amount											$ 281,292
Common stock, par value							$ 0.001			$ 0.001			$ 0.001
Aggregate of benefits for the period							$ 15,246	$ 12,593		$ 29,736	20,386
Accrued expenses							240,560			240,560			$ 217,500
Proceeds from related party debt										65,818	302,000		8,065,771
Due to non officer board of director							18,446	21,250		36,893	21,250
Repayments of related party debt										123,526	119,137
Guaranteed Cards [Member]
Related Party Transaction [Line Items]
Loaned amount							2,596,137			2,596,137			6,824,866
June 15, 2016 [Member] | Sprocket Wearables, Inc [Member] | Consulting Agreement [Member]
Related Party Transaction [Line Items]
Accrued expenses							12,500			12,500
Due to related parties							25,000			$ 25,000
Issuance of restricted common shares										3,000,000
Consulting agreement, period										2 years
Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Per month medical allowance				$ 1,200
Option granted			600,000	300,000
Earned bonuses							207	10,875		$ 1,076	457
Accrued expenses							72,367			72,367			348,746
Salary and bonus payable										1,000,000
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
EVP [Member]
Related Party Transaction [Line Items]
Annual salary														$ 250,000	$ 250,000
Per month medical allowance						$ 1,200
Option granted			300,000			200,000
Earned bonuses							89	3,263		461	457
Accrued expenses							37,015			37,015			62,448
Albert Carmichael Family [Member]
Related Party Transaction [Line Items]
Due to related parties													16,000
Nicholas Mitsakos [Member]
Related Party Transaction [Line Items]
Number of common stock issued for board of directors																	250,000	250,000
Common stock, par value	$ 0.23
Nicholas Mitsakos [Member] | Minimum [Member]
Related Party Transaction [Line Items]
Debt instruments conversion amount	$ 456,881
Nicholas Mitsakos [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Debt instruments conversion amount	$ 1,986,439
Nicholas Mitsakos [Member] | Mitsakos Consulting [Member]
Related Party Transaction [Line Items]
Debt monthly payment															$ 25,000
Contract expense							0	$ 75,000		0	$ 150,000
Due to related parties							0			0			450,000
Chris Carmichael [Member]
Related Party Transaction [Line Items]
Due to related parties							103,852			103,852			609,172
Proceeds from related party debt										2,596,137			2,596,137
Line of credit							800,000			800,000
Loaned amount							$ 4,679			4,679			1,204,905
Repayments of related party debt										$ 10,000			605,172
Unsecured, incurred interest							8.00%	8.00%		8.00%	8.00%
Accrued interest								$ 4,759			$ 4,759
Chris Carmichael [Member] | Personal Loans [Member]
Related Party Transaction [Line Items]
Proceeds from related party debt													14,571,612	$ 14,571,612
Chris Carmichael [Member] | June 9, 2016 [Member]
Related Party Transaction [Line Items]
Due to related parties																$ 2,000,000
Chris Carmichael [Member] | Carmichael Enterprises [Member]
Related Party Transaction [Line Items]
Debt monthly payment										$ 2,500
Consulting fees							$ 7,500	7,500		15,000	15,000
Notes payable							16,000			16,000			16,000
Brittany Carmichael [Member] | Carmichael Enterprises [Member]
Related Party Transaction [Line Items]
Personal expenses							14,338	5,195		27,745	10,620
Cameron Carmichael [Member] | Carmichael Enterprises [Member]
Related Party Transaction [Line Items]
Personal expenses							7,691	3,322		14,921	6,936
Shane Carmichael [Member[ | Carmichael Enterprises [Member]
Related Party Transaction [Line Items]
Personal expenses								$ 7,742	$ 14,757		$ 18,102	$ 29,339
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
Albert Carmichael Family [Member]
Related Party Transaction [Line Items]
Due to related parties							16,000			16,000
Non-officer Employees [Member]
Related Party Transaction [Line Items]
Due to related parties							$ 3,703			$ 3,703			$ 74,394

Related Party Transactions - Su

Related Party Transactions - Summary of Compensation Paid and Amounts Payable (Details) - USD ($)	3 Months Ended							6 Months Ended
	Jun. 30, 2016		Mar. 31, 2016		Jun. 30, 2015		Mar. 31, 2015	Jun. 30, 2016		Jun. 30, 2015
SC Business Inc [Member]
Receivable	$ 1,707,634				$ 1,279,681
Amount charged on Ubiquity Credit Cards	2,153,925				3,109,132
Amounts remitted back to Ubiquity or paid on Ubiquity’s behalf	(2,051,968)				(2,694,247)
Amounts retained by SC for settlements of Brenden Garrison's accrued salary and reimbursements (2016) and amounts due SC (2015)	0				(110,202)
PayPal and other fees incurred by SC Business	(46,661)				(112,133)
Receivable	1,762,931	[1]	$ 1,707,634		1,472,331	[1]	$ 1,279,681	$ 1,762,931	[1]	$ 1,472,331	[1]
Amounts remitted to SME	18,200				182,550
Christopher Carmichael [Member]
Accrual, Balance	249,958		348,746		200,295		2,705,365	348,746		2,705,365
Salary - Ubiquity, Inc.	133,050		133,050		162,289		142,151
Salary - Sponsor Me, Inc.			0				50,000
Bonus	207		870		457		10,875
Other				[2]			(1,000,000)
Subtotal	383,215		482,666		363,041		1,908,391
Payments	310,847		(232,708)		106,844		(237,233)
SME Amounts Forgiven in Share Exchange Agreement			0				(1,470,863)
Accrual, Ended	72,367		249,958		256,197		200,295	72,367		256,197
Connie Jordan [Member]
Accrual, Balance	57,778		62,448		53,831		1,199,523	62,448		1,199,523
Salary - Ubiquity, Inc.	66,100		66,100		87,981		71,914
Salary - Sponsor Me, Inc.			0				47,500
Bonus	89		373		196		3,263
Other
Subtotal	123,966		128,921		142,007		1,322,199
Payments	86,952		(71,143)		18,500		(69,803)
SME Amounts Forgiven in Share Exchange Agreement			0				(1,198,565)
Accrual, Ended	$ 37,015		57,778		123,507		53,831	37,015		123,507
Max Gan [Member]
Receivable			$ 0				$ 247,461	0		247,461
Amount charged on Ubiquity Credit Cards								95,763		532,204
Amounts remitted back to Ubiquity or paid on Ubiquity’s behalf								$ (95,763)		(481,875)
PayPal and other fees incurred by SC Business										(18,785)
Receivable					$ 279,004					$ 279,004
[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]	Salary and bonuses forgiven for the exchange to purchase options, see note 6

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Feb. 28, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2015
Preferred stock, par value per share		$ 0.001		$ 0.001			$ 0.001
Issuance of common stock in exchange for cash, shares				49,084,448	13,591,667
Proceeds from issuance of common stock				$ 2,449,575	$ 1,272,500
Shares issued for services, shares				10,886,439	2,145,111
Shares issued for services					$ 3,091,981	$ 1,165,666
Number of shares issued for debt extinguishment					815,867
Number of shares issued for debt extinguishment, value					$ 281,292
Subscriptions receivable		$ 118,000		118,000			$ 173,000
Compensation expense		$ 5,267,254	$ 1,002,936	5,947,116	$ 2,422,314
Granted Options One [Member]
Compensation expense				118,512
Aggregate intrinsic values of options grants				0
Options unvested expenses				$ 218,014
Options vesting term				60 months
Sprocket Wearables, Inc [Member]
Issuance of common stock in exchange for cash, shares				900,000
Proceeds from issuance of common stock				$ 700,000
Shares issued for services, shares				3,000,000
Shares issued for services				$ 3,000,000
Common Stock [Member]
Number of shares issued for debt extinguishment				11,249,140
Number of shares issued for debt extinguishment, value				$ 11,249
CEO [Member] | Granted Options One [Member]
Option granted				600,000
Board of Directors and Employees [Member] | Granted Options One [Member]
Option granted				1,125,000
Options valued				$ 118,512
Exercise price		$ 0.23		$ 0.23
Dividend yield				0.00%
Expected volatility				176.00%
Risk free interest rate				0.12%
Expected life				60 months
Aggregate intrinsic values of options grants				$ 0
EVP [Member] | Granted Options One [Member]
Option granted				300,000
CFO [Member] | Granted Options One [Member]
Option granted				150,000
Employee [Member] | Granted Options One [Member]
Option granted				75,000
Series A Preferred Stock [Member]
Voting right	Each share is entitled to the equivalent of 1,000,000 votes of common stock.
Series A Preferred Stock [Member] | CEO [Member]
Preferred stock shares designation	500
Preferred stock, par value per share	$ 0.001
Each shares entitled to equivalent votes of number of common stock	1,000,000

Commitments and Contingencies (

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

Jun. 17, 2016

Jun. 14, 2016

Jun. 09, 2016

Jun. 03, 2016

May 25, 2016

May 21, 2016

Apr. 20, 2016

Apr. 08, 2016

Mar. 28, 2016

Mar. 22, 2016

Mar. 15, 2016

Mar. 14, 2016

Mar. 10, 2016

Jan. 29, 2016

Mar. 01, 2015

Jan. 02, 2014

Aug. 01, 2013

Jul. 31, 2014

Jun. 30, 2016

Mar. 31, 2016

Jun. 30, 2015

Mar. 31, 2015

Jun. 30, 2016

Jun. 30, 2015

Jun. 30, 2014

Dec. 31, 2015

Nov. 30, 2014

Dec. 31, 2015

Jul. 21, 2015

Oct. 10, 2014

Mar. 31, 2013

Contingent liability

$ 36,128

$ 305,885

Edd issued adjustment amount

$ 39,427

Estimated taxes, penalties and interest in accrued expenses

$ 961,814

$ 961,814

$ 868,075

868,075

Seeking damages amount

$ 176,763

Warrants to purchase common stock sought

1,142,857

Loss contingency amount

7,700,000

$ 7,700,000

Proceeds from convertible debt

$ 2,168,475

Number of common stock shares

10,886,439

2,145,111

Number of common stock shares, value

$ 3,091,981

$ 1,165,666

LG Capital Funding, LLC [Member] | Convertible Promissory Note [Member]

Loan maturity date

Apr. 17, 2016

Proceeds from convertible debt

$ 238,509

Total amount received from disputed note

$ 100,000

Iconic Holdings, LLC [Member] | Convertible Promissory Note [Member]

Proceeds from convertible debt

$ 400,000

Total amount received from disputed note

$ 97,500

American States Insurance Company [Member]

Total award amount

$ 44,905

De Lage Landen Financial Services, Inc [Member]

Seeking damages amount

$ 29,396

Typenex Co-Investment, LLC [Member]

Seeking damages amount

$ 767,960

Attorney fees and costs

150,000

Total award amount

$ 617,960

Avant Garde [Member]

Increased security deposit

$ 150,000

Vista Capital Investments, LLC [Member] | Convertible Notes One [Member]

Total award amount

$ 100,000

Vista Capital Investments, LLC [Member] | Convertible Notes Two [Member]

Total award amount

$ 50,000

Justin Keener [Member] | Convertible Notes [Member]

Total award amount

$ 300,000

Brett And Mark Tomberlin [Member]

Total award amount

$ 150,000

Project percentage description

if the Project is produced and released, Ubiquity will receive 5% of 100% of Net Proceeds arising from the Picture

Brett And Mark Tomberlin [Member] | Eight Promissory Notes [Member]

Seeking damages amount

$ 184,450

R Squared Partners, LLC [Member]

Total award amount

$ 500,000

Loaned amount

$ 140,250

Loan maturity date

Sep. 20, 2015

Payment of debt

$ 20,000

March 31, 2017 [Member]

Edd issued adjustment amount

$ 150,339

2009 Through March 31, 2017 [Member]

Final balance amount for the tax year ending

225,555

$ 225,555

January 6, 2017 [Member]

Seeking damages amount

176,763

Attorney fees and costs

32,919

Attorney costs

10,219

Total award amount

219,901

November 18, 2016 [Member]

Total award amount

1,667,893

May 17, 2017 [Member] | Avant Garde [Member]

Lease expiry date

The lease will be up for renewal January 2020.

June 30, 2017 [Member] | Avant Garde [Member] | Letter of Credit [Member]

Short term debt

$ 150,000

150,000

August 10, 2016 [Member] | Firstfire Global Opportunities [Member]

Total award amount

315,406

October 27, 2016 [Member] | R Squared Partners, LLC [Member]

Attorney fees and costs

17,500

Total award amount

$ 140,250

Interest percentage per annum

15.00%

15.00%

October 28, 2016 [Member]

Total award amount

$ 7,700,000

January 2017 [Member]

Number of common stock shares issued

1,444,000

Total award amount

$ 1,800,000

Gregory Crotty [Member]

Stock options to purchase of common stock shares

200,929

Stock option exercise price

$ 5.25

$ 5.25

Accrued salaries

$ 93,743

$ 93,743

Option granted

22,857

Number of common stock shares issued

42,857

Options expired date

Dec. 31, 2011

William Alessi [Member] | May 21, 2015 to May 20, 2016 [Member]

Common stock price per share

$ 0.36

Number of common stock shares

1,160,000

Number of common stock shares, value

$ 417,600

Christopher Carmichael [Member]

Base salary

133,050

$ 133,050

$ 162,289

$ 142,151

Connie Jordan [Member]

Base salary

$ 66,100

$ 66,100

$ 87,981

$ 71,914

Employment Agreement [Member] | Christopher Carmichael [Member]

Base salary

$ 525,000

Stock options to purchase of common stock shares

600,000

Percentage of bonus from gross revenue

3.50%

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

2.50%

Employment Agreement [Member] | Connie Jordan [Member]

Base salary

$ 250,000

Stock options to purchase of common stock shares

300,000

Percentage of bonus from gross revenue

1.50%

Percentage of gross revenue from patent prosecution, litigation, settlement

3.00%

Employment Agreement [Member] | Brenden Garrison [Member]

Base salary

$ 225,000

Stock options to purchase of common stock shares

150,000

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%

Seeking damages amount

$ 104,842

Unpaid commissions

4,268

Unpaid bonuses

55,548

Unpaid vacation expense

12,694

Medical expense

1,731

Medical insurance premiums

5,100

Failure to deliver common stock

25,500

Litigation amount

$ 551,000

Shares employment ceasing

225,000

Securities Purchase Agreement [Member] | Firstfire Global Opportunities [Member] | Senior Convertible Note [Member]

Attorney fees and costs

$ 140,250

Total award amount

$ 305

Alleged Breach of Contract [Member] | Pillar Marketing Group [Member]

Contract service cost

$ 45,000

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	Apr. 24, 2017	Apr. 20, 2017	Oct. 21, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2015
Debt conversion of converted shares					815,867
Debt instruments conversion amount					$ 281,292
Number of common stock shares issued for services				10,886,439	2,145,111
Number of common stock issued for services, value					$ 3,091,981	$ 1,165,666
Common stock, shares authorized				800,000,000			800,000,000
Common stock, shares issued				268,457,165			197,237,138
Common stock, shares outstanding				268,457,165			197,237,138
Preferred stock, shares authorized				10,000,000			10,000,000
Preferred stock, shares issued				2,001,000			2,001,000
Preferred stock, shares outstanding				2,001,000			2,001,000
Common Stock [Member]
Debt conversion of converted shares				11,249,140
Debt instruments conversion amount				$ 11,249
Subsequent Event [Member]
Convertible notes payable			$ 5,466
Note immediately convertible per share price			$ 0.001
Interest rate			10.00%
Debt conversion of converted shares			5,466,000
Debt instruments conversion amount			$ 5,466
Beneficial conversion feature			$ 5,466
Stock issued during period, shares, new issues				30,107,000
Stock issued during period value				$ 1,311,658
Number of common stock shares issued for services				3,159,712
Number of common stock issued for services, value				$ 670,289
Reverse stock split				1:16 to 1:20 reverse stock split
Common stock, shares authorized				800,000,000
Common stock, shares issued				290,760,132
Common stock, shares outstanding				290,760,132
Upon conversion of outstanding notes and warrant shares				60,000,000
Excess shares of common stock authorized				53,333,333
Preferred stock, shares authorized				10,000,000
Preferred stock, shares issued				500
Preferred stock, shares outstanding				500
Preferred stock voting rights				Each of the 500 shares of such outstanding preferred stock carries with it 1,000,000 votes at any regular or special stockholders meeting or in connection with any consents required by stockholders.
Subsequent Event [Member] | Common Stock [Member]
Common stock, shares issued				19,384,000
Common stock, shares outstanding				19,384,000
Subsequent Event [Member] | Investor [Member]
Purchase of common stock price per share				$ 0.25
Subsequent Event [Member] | Settlements with Creditors [Member]
Minimum escrow account				$ 5,000,000
Subsequent Event [Member] | Restructuring Plan [Member]
Indebted amount to hedge funds, other investor holding convertible securities and warrant				3,100,000
Damages in excess amounts				3,000,000
Default judgment amount				8,000,000
Subsequent Event [Member] | Independent Board [Member]
Insurance coverage value				$ 5,000,000
Subsequent Event [Member] | Christopher Carmichael [Member]
Preferred stock, shares authorized				500
Subsequent Event [Member] | Connie Jordan [Member]
Preferred stock, shares authorized				500
Subsequent Event [Member] | 2017 [Member]
Minimum sales requirements				$ 575,000
Subsequent Event [Member] | 2018 [Member]
Minimum sales requirements				1,250,000
Subsequent Event [Member] | 2019 [Member]
Minimum sales requirements				1,500,000
Subsequent Event [Member] | 2020 [Member]
Minimum sales requirements				1,750,000
Subsequent Event [Member] | 2021 [Member]
Minimum sales requirements				2,250,000
Subsequent Event [Member] | Licensing Agreement [Member] | ADGUILD Japan, L.T.D [Member]
Gross sales percentage	5.00%
License non-refundable entry fee	$ 3,000,000
Subsequent Event [Member] | Retention Agreement [Member]
Number of common stock shares issued for services		250,000
Subsequent Event [Member] | Retention Agreement [Member] | Director [Member]
Number of common stock shares issued for services		250,000
Subsequent Event [Member] | Minimum [Member] | Restructuring Plan [Member] | Private Placement [Member]
Equity financing amount				5,000,000
Subsequent Event [Member] | Maximum [Member] | Restructuring Plan [Member] | Private Placement [Member]
Equity financing amount				$ 10,000,000