MJ Biotech (MJTV) 10-K 14 Apr 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Apr. 21, 2015	Jun. 30, 2014
Document and Entity Information:
Entity Registrant Name	BullsNBears.com, Inc.
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Entity Central Index Key	1,543,272
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		12,319,270
Entity Public Float			$ 188,900
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY

Statement of Financial Position

Statement of Financial Position - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Assets, Current
Cash and Cash Equivalents, at Carrying Value	$ 300
Other Assets, Current		$ 593
Assets, Current	300	593
Assets, Noncurrent
PropertyPlantAndEquipmentNet	4,850	11,767
Finite-Lived Intangible Assets, Net		83,750
Assets, Noncurrent	4,850	95,517
Assets	5,150	96,110
Liabilities, Current
Bank overdraft	4,298
AccountsPayableAndAccruedLiabilities	39,051	33,676
AccountsPayableRelatedPartiesCurrent	444,400	375,799
NotesPayableRelatedPartiesCurrent	214,458	180,927
Convertible Notes payable related party	21,716	21,716
Accrued Interest Related Parties	24,953	12,492
ConvertibleNotesPayable	377,500	659,200
Accrued Liabilities, Current	67,938	39,643
Liabilities, Current	1,194,314	1,323,453
Liabilities, Noncurrent
Liabilities	1,194,314	1,323,453
Preferred Stock, Value, Issued	1	1
Common Stock, Value, Issued	1,296	1,223
AdditionalPaidInCapital	1,345,764	882,313
Accumulated Other Comprehensive Income (Loss), Net of Tax	(2,536,225)	(2,110,880)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	(1,189,164)	(1,227,343)
Liabilities and Equity	$ 5,150	$ 96,110

Statement of Financial Positio3

Statement of Financial Position - Parenthetical - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Balance Sheets
Preferred Stock, Par Value	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	20,000,000	20,000,000
Common Stock, Par Value	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares Issued	12,958,270	11,680,000
Common Stock, Shares Outstanding	12,958,270	11,680,000

Statement of Income

Statement of Income - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Revenues
Sales Revenue, Services, Net	$ 22,610	$ 106,859
Revenues	22,610	106,859
Cost of Revenue
Gross Profit	22,610	106,859
Operating Expenses
Subscription Content Expense		8,129
DepreciationAndAmortization	36,917	37,373
Amortization of Deferred Charges
Asset Impairment Charges	53,750
General and Administrative Expense	308,410	541,518
Operating Expenses	399,077	587,020
Operating Income (Loss)	(376,467)	(480,161)
Interest and Debt Expense
Interest Expense	48,878	167,855
Interest and Debt Expense	48,878	167,855
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	(425,345)	(648,016)
Income Tax Expense (Benefit)
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest	(425,345)	(648,016)
Net Income (Loss) Attributable to Parent	$ (425,345)	$ (648,016)
Earnings Per Share
Earnings Per Share, Basic	$ (0.03)	$ (0.06)
Weighted Average Number of Shares Outstanding, Basic	12,608,543	11,714,572
Earnings Per Share, Diluted	$ (0.03)	$ (0.06)
Weighted Average Number of Shares Outstanding, Diluted	12,608,543	11,714,572

Statement of Shareholders' Equi

Statement of Shareholders' Equity and Other Comprehensive Income - USD ($)	Common Stock	Preferred Stock	Additional Paid-in Capital	Retained Earnings	Total
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2013	$ 1,168		$ 218,458	$ (1,462,864)	$ (1,243,238)
Shares, Outstanding at Dec. 31, 2013	11,680,000				11,680,000
Stock Issued During Period, Value, New Issues	$ 55		531,456		$ 531,511
Stock Issued During Period, Shares, New Issues	548,650				548,650
Stock Issued During Period, Value, Other		$ 1	4,999		$ 5,000
Stock Issued During Period, Shares, Other		4,000			4,000
Adjustments to Additional Paid in Capital, Other			127,400		$ 127,400
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest				(648,016)	(648,016)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2014	$ 1,223	$ 1	882,313	(2,110,880)	$ (1,227,343)
Shares, Outstanding at Dec. 31, 2014	12,228,650	4,000			12,232,650
Stock Issued During Period, Value, New Issues	$ 73		480,746		$ 480,819
Stock Issued During Period, Shares, New Issues	729,620				729,620
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest				(425,345)	$ (425,345)
Stockholders' Equity, Other			(17,295)		(17,295)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2015	$ 1,296	$ 1	$ 1,345,764	$ (2,536,225)	$ (1,189,164)
Shares, Outstanding at Dec. 31, 2015	12,958,270	4,000			12,962,270

Statement of Cash Flows

Statement of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Net Cash Provided by (Used in) Operating Activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ (425,345)	$ (648,016)
Net Income (Loss) Attributable to Parent	(425,345)	(648,016)
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities
Depreciation	36,917	37,373
Amortization Of Debt Discount Premium	(17,296)	110,261
Issuance of Stock and Warrants for Services or Claims	133,700
Increase (Decrease) in Operating Capital
Increase (Decrease) in Other Operating Assets and Liabilities, Net	593	139
Increase (Decrease) in Accounts Payable and Accrued Liabilities	59,089	46,321
IncreaseDecreaseInAccountsPayableRelatedParties	103,563	177,956
Other Operating Activities, Cash Flow Statement	53,750
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities	370,316	372,050
Net Cash Provided by (Used in) Operating Activities	(55,029)	(275,966)
Net Cash Provided by (Used in) Financing Activities
Increase in Bank Overdrafts	4,298
Proceeds from (Repayments of) Notes Payable	5,904	207,075
Proceeds from (Repayments of) Related Party Debt	45,127	63,062
Proceeds from Issuance of Stock		5,000
Net Cash Provided by (Used in) Financing Activities	55,329	275,137
Cash and Cash Equivalents, Period Increase (Decrease)	300	(829)
Cash and Cash Equivalents, at Carrying Value		$ 829
Cash and Cash Equivalents, at Carrying Value	$ 300

Organization, Consolidation and

Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Notes
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies	1. Organization and Significant Accounting Policies The financial statements presented are those of BullsnBears.com, Inc. (the Company) (Formerly Spicy Gourmet Manufacturing, Inc.), a Delaware corporation. The Company was incorporated on December 30, 2010, under the laws of the State of Delaware. During November 2012, The Company changed its name from Spicy Gourmet Manufacturing, Inc. to BullsnBears.com, Inc. The Company owns the Universal Resource Locators (URL) domain name and websites of bullsnbears.com and bullnbearsinfo.com and is in the process of developing a Financial Networking portal to fill the gap that currently exists between the financial community and investors. The financial social media network will provide information and business gathering place for investors, public and private companies, brokers, Securities and Exchange Commission attorneys and accounting firms all in one location. Accounting Methods The Company’s financial statements are prepared using the accrual method of accounting. The Company has elected a calendar year-end. Principles of Consolidation The accompanying financial statements reflect the consolidation of the individual financial statements of Macheal James Enterprises, Inc. and BullsnBears Holdings, Inc. All significant intercompany accounts and transactions have been eliminated. Basic and Diluted Loss Per Share The Company presents both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period including convertible debt, stock options, and warrants, using the treasury stock method, and convertible securities, using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. The Company had net losses as of December 31, 2014 and 2013, so the diluted EPS excluded all dilutive potential shares in the diluted EPS because their effect is anti-dilutive. Cash Equivalents The Company considers all highly liquid investments with maturities of three months or less when purchased to be cash equivalents. Use of Estimates The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Revenue Recognition The Company recognizes revenues and the related costs when persuasive evidence of an arrangement exists, delivery and acceptance has occurred or service has been rendered, the price is fixed or determinable, and collection of the resulting receivable is reasonably assured. Amounts invoiced or collected in advance of product delivery or providing services are recorded as deferred revenue. The Company accrues for warranty costs, sales returns, bad debts, and other allowances based on its historical experience. The Company has recognized minimal revenue since inception. Income Taxes The Company files income tax returns in the U.S. federal jurisdiction, and the state of Florida. The Company’s policy is to recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. Net deferred tax assets consist of the following components as of December 31, 2015 and 2014: 2015 2014 Deferred tax assets: Deferred tax assets: 728,430 588,975 Valuation allowance (728,430) (588,975) Net deferred tax asset $ - $ - The Company had net operating losses of approximately ($2,160,000) that expire in years through 2035. Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carryforwards for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carryforwards may be limited as to use in future years. Stock-Based Compensation The Company records stock-based compensation using the fair value method. Equity instruments issued to employees and the cost of the services received as consideration are accounted for in accordance with ASC 718 “Stock Compensation” and are measured and recognized based on the fair value of the equity instruments issued. All transactions with non-employees in which goods or services are the consideration received for the issuance of equity instruments are accounted for in accordance with ASC 515 “Equity-Based Payments to Non-Employees”, based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. New Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. Long Lived Assets Periodically the Company assesses potential impairment of its long-lived assets, which include property, equipment and acquired intangible assets, in accordance with the provisions of ASC Topic 360, “Property, Plant and Equipment.” The Company recognizes impairment losses on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying values. An impairment loss would be recognized in the amount by which the recorded value of the asset exceeds the fair value of the asset, measured by the quoted market price of an asset or an estimate based on the best information available in the circumstances. There were no such losses recognized during 2014 or 2013. Property, Equipment and Intangible Assets Property and equipment are carried at cost, less accumulated depreciation. Additions are capitalized and maintenance and repairs are charged to expense as incurred. Intangible assets consist of acquired web site domains and web site content and are carried at cost, less accumulated amortization. Depreciation and amortization is provided principally on the straight-line basis method over the estimated useful lives of the assets.

Property, Plant and Equipment D

Property, Plant and Equipment Disclosure	12 Months Ended
	Dec. 31, 2015
Notes
Property, Plant and Equipment Disclosure	NOTE 2 - PROPERTY AND EQUIPMENT Property and equipment are carried at cost, less accumulated depreciation and includes expenditures that substantially increase the useful lives of existing assets. Maintenance and repairs are charged to current operations as incurred. Upon sale, retirement, or other disposition of these assets, the costs and related accumulated depreciation are removed from the respective accounts, and any gain or loss on the disposition is included in other income. Depreciation expense is computed using the straight-line method over lives from three to five years. Property and equipment and accumulated depreciation are as follows: December 31, 2015 2014 Furniture and fixtures $ 7,932 $ 7,932 Computer and office equipment 19,388 19,388 Less: Accumulated depreciation (22,470) (15,553) Total fixed assets $ 4,850 $ 11,767 Depreciation expense for the years ended December 31, 2015 and 2014 was $6,915 and $7,373, respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets Disclosure	12 Months Ended
	Dec. 31, 2015
Notes
Goodwill and Intangible Assets Disclosure	NOTE 3 - INTANGIBLE ASSETS During October 2012, the Company entered into an Asset Purchase Agreement and a Promissory Note (see Note 4) in the amount of $150,000 for the URL domain names and websites of the Company with a current officer and director of the Company, prior to joining the Company. The assets were capitalized and are being amortized over their estimated useful of 5 years. The website was placed into service during October 2012. Amortization expense for the years ended December 31, 2015 and 2014 was $30,000 and $30,000, respectively. As of December 31, 2015, the Company impaired the remaining value of $53,750.

Related Party Transactions Disc

Related Party Transactions Disclosure	12 Months Ended
	Dec. 31, 2015
Notes
Related Party Transactions Disclosure	NOTE 4 - RELATED PARTY TRANSACTIONS Notes and Convertible Notes Payable On October 31, 2012, the Company and an officer and director of the Company entered into a one year, 10% Senior Convertible Note for office equipment totaling $20,955 and supplies totaling $761, or a total of $21,716. The principal amount of the Senior Convertible Note can be convertible, at the sole option of the holder and in whole or in part, into shares of common stock of the Company at a conversion price to be determined by the Board of Directors of the Company at or prior to the maturity date. The Senior Convertible Note and the payment of the principal thereof and interest thereon shall at all times and in all respects constitute the Senior Indebtedness of the Company and shall not During the year ended December 31, 2014, the Company borrowed a total of $63,062 in unsecured short-term loans from an officer and director of the Company and repaid $2,925. During the year ended December 31, 2015, the Company borrowed a total of $45,127 in unsecured short-term loans from an officer and director of the Company and repaid $11,596. At December 31, 2015, $214,458 of the short-term loans was outstanding and are accruing interest at 6% per annum. In April, 2015, an affiliate of the Company assigned an Account Payable balance in the principal amount of $22,500 to an unrelated party. The Note is due in June, 2015, and is convertible at the option of the holder into shares of Common Stock at market price. The note was converted in June of 2015 into 250,000 shares of common stock. Consulting Expense At December 31, 2015 and December 31, 2014, the Company owes an officer $444,400 and $375,799, respectively, for consulting expense which is included in accounts payable, related party. Consulting expenses year ended December 31, 2015 were $56,600. Formation of New Subsidiary On December 31, 2015, the Company formed a new wholly-owned corporation, BullsnBears Holdings, Inc., for the purpose of holding the Company’s intellectual property assets. Revenue During the year ended December 31, 2015, the Company’s revenue included $10,000 from a company controlled by James Farinella, the current President of the Company. The transaction took place prior to Mr. Farinella’s appointment as an Officer and Director.

Debt Disclosure

Debt Disclosure	12 Months Ended
	Dec. 31, 2015
Notes
Debt Disclosure	NOTE 5 - CONVERTIBLE PROMISSORY NOTES PAYABLE During the year ended December 31, 2013, the Company issued Convertible Promissory Notes (the “Notes”) for cash totaling $977,200. The Notes bear interest at 10% per annum, are unsecured and due in one year from the date of issuance. At the maturity date, the holders of the Notes have the right to convert the unpaid principal and accrued interest into shares of common stock of the Company at a price of $1.00 per share. Accrued interest on the Notes was $32,199 at December 31, 2013. As a result we recognized $127,400 in beneficial conversion feature expense for the year ended December 31, 2014. During the year ended December 31, 2014, we sold an additional $210,000 principal amount of one-year notes, bearing an interest rate of 10% per annum and convertible at any time following issuance until maturity into Shares of Common Stock of the Company at a price of $1.00 per Share. Accrued interest on all outstanding Notes was $39,643 at December 31, 2014. No beneficial conversion feature expense was recorded in 2014 as the fair value of the stock is less than the conversion price. During the year ended December 31, 2014, we issued 548,650 common shares for the conversion of $528,000 of convertible notes payable and $20,650 of accrued interest. A gain of $17,139 was recorded associated with the settlement of the accrued interest. In February, 2015, we converted $90,620 of these notes ($84,200) and accrued interest ($6,420) into 90,620 shares of Common Stock. The balance of the notes matured between January 2015 and March 2015 and are now presently due. In the event one or more of the holders should elect to convert the notes, the issuance of shares of our common stock in satisfaction of the notes will be dilutive to our current stockholders. If the notes are not converted, we will be required to satisfy the notes in cash. We do not have sufficient cash to satisfy the presently due notes, nor the balance of these notes when they become due and there are no assurances we will be able to raise the funds if necessary. In June 2015 the company converted an aggregate of $234,000 of note holder debt, $215,000 of principle and accrued interest of $19,000 into 234,000 shares. For the same period the company realized a gain on interest of $12,160. During the year ended December 31, 2015, we sold an additional $17,500 principal amount of short-term bridge notes. The notes bear interest at 15% per annum, are unsecured, and are due six months from the date of issuance. At maturity the notes become convertible at $0.20. In addition, the notes become convertible upon an equity financing transaction of at least $500,000. At Maturity the note holders will also receive 105,000 shares of restricted common stock, which was valued at $88,200 and recorded as an expense. Accrued interest on all outstanding non-related-party Notes was $67,938 at December 31, 2015.

Stockholders' Equity Note Discl

Stockholders' Equity Note Disclosure	12 Months Ended
	Dec. 31, 2015
Notes
Stockholders' Equity Note Disclosure	NOTE 6 - COMMON STOCK AND COMMON STOCK WARRANTS Common Stock For the year ended December 31, 2015, the Company issued 50,000 shares of Common Stock valued at $45,500 in exchanges for services rendered to the Company. Common Stock Warrants In December, 2010, the Company issued a total of 5,000,000 Common Stock Purchase Warrants. In October 2012, the Company agreed to reduce the exercise price of the outstanding warrants to $0.25 per share. Pursuant to an extension approved by the Board of Directors in June, 2015, all Warrants are exercisable at any time prior to November 19, 2017. The following table summarizes the outstanding warrants and associated activity for the years ended December 31, 2014 through 2015: `` Number of Weighted Weighted Warrants Average Average Outstanding Price Remaining Contractual Life Balance, December 31, 2013 5,000,000 0.25 1.89 Granted — — — Exercised — — — Expired — — — Balance, December 31, 2014 5,000,000 $ 0.25 0.89 Granted — — — Exercised — — — Expired — — — Balance, December 31, 2015 5,000,000 $ 0.25 1.89 The aggregate intrinsic value of the above warrants as of December 31, 2015 and 2014 was $350,000 and $ 0 respectively, based on a quoted market price of the Company’s common stock of $0.30 and $0.20 per share, respectively. NOTE 7. PREFERRED STOCK The Company has authorized a total of 20,000,000 Shares of Preferred Stock, $.001 par value, which may be issued from time to time and bearing such rights, privileges and preferences as shall be designated by the Board of Directors. As of December 31, 2015, the Company had issued 4,000 Shares of Preferred Stock, designated as “Cumulative Preference ‘ A ’ ” , at a price of $1.25 per Share. The Shares bear an annual coupon of 5%, and are convertible into Shares of Common Stock of the Company at any time commencing one (1) year from the date of issuance at a conversion price of $1.25 per Share During the year ended December 31, 2014, we sold $5,000 principal amount of Series “A ” 5% Cumulative Convertible Preferred Stock, at a price of $1.25 per Share. These Shares bear annual cumulative dividends of 5%, payable at the option of the Company in cash or Shares of Common Stock. At the option of the holder, beginning one year from the date of issuance the Shares are convertible into Shares of Common Stock at a price of $1.25 per Share. In April, 2015, the Corporation authorized the issuance of up to 10,000,000 shares of Preferred Stock to be designated “ Series B Preferred Stock ” , having a conversion right at the option of the holder beginning one year from the date of issuance, and which shall be convertible into Shares of Common stock at a Conversion Price equal to the closing market Bid price of the Corporation ’ s Common Stock on the trading date immediately preceding the date of conversion, in accordance with the Certificate of Designation attached hereto and made a part hereof. In addition, the holder of each Share of Series B Stock shall have the equivalent voting rights of two (2) Shares of Common Stock. No Shares of “ Series B Preferred Stock ” have been issued to date.

Liquidity Disclosure

Liquidity Disclosure	12 Months Ended
	Dec. 31, 2015
Notes
Liquidity Disclosure	NOTE 8 - GOING CONCERN The Company's financial statements are prepared using Generally Accepted Accounting Principles applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company has recently accumulated significant losses and has negative working capital. All of these items raise substantial doubt about its ability to continue as a going concern. Management's plans with respect to alleviating the adverse financial conditions that caused management to express substantial doubt about the Company's ability to continue as a going concern are as follows: The Company is currently trying to raise new debt or equity to continue developing and marketing the BullsnBear.com social media website. No conclusion can be drawn at this time about the commercial viability of the website and the Company has not generated any revenue from its operation. In order to support continued development of the website and concept, the Company plans on raising additional funding during 2016. If the Company is not successful in the development and implementation of a concept which produces positive cash flows from operations, the Company may be forced to continue to raise additional equity or debt financing to fund its ongoing obligations or risk ceasing doing business. There can be no assurance that the Company will be able to achieve its business plans, raise any more required capital or secure the financing necessary to achieve its current operating plan. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plan described in the preceding paragraph and eventually attain profitable operations.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2015
Notes
Subsequent Events	NOTE 9- SUBSEQUENT EVENTS On February 4, 2016, the Company entered into a $121,000 10% Convertible Promissory Note with Tangiers Investment Group, LLC, a non-affiliate. The term is for one year, with an original issuance of $11,000 for due diligence and legal costs. The Note is convertible at the option of the Holder into Common Stock of the Company at a conversion price which shall be equal to 55% of the lowest trading price of the Company’s Common Stock during the 20 trading days prior to the election to convert.

Organization, Consolidation a15

Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies: Basis of Accounting, Policy (Policies)	12 Months Ended
	Dec. 31, 2015
Policies
Basis of Accounting, Policy	Accounting Methods The Company’s financial statements are prepared using the accrual method of accounting. The Company has elected a calendar year-end. Principles of Consolidation The accompanying financial statements reflect the consolidation of the individual financial statements of Macheal James Enterprises, Inc. and BullsnBears Holdings, Inc. All significant intercompany accounts and transactions have been eliminated.

Organization, Consolidation a16

Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies: Earnings Per Share, Policy (Policies)	12 Months Ended
	Dec. 31, 2015
Policies
Earnings Per Share, Policy	Basic and Diluted Loss Per Share The Company presents both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period including convertible debt, stock options, and warrants, using the treasury stock method, and convertible securities, using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. The Company had net losses as of December 31, 2014 and 2013, so the diluted EPS excluded all dilutive potential shares in the diluted EPS because their effect is anti-dilutive.

Organization, Consolidation a17

Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies: Cash and Cash Equivalents, Policy (Policies)	12 Months Ended
	Dec. 31, 2015
Policies
Cash and Cash Equivalents, Policy	Cash Equivalents The Company considers all highly liquid investments with maturities of three months or less when purchased to be cash equivalents.

Organization, Consolidation a18

Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies: Use of Estimates, Policy (Policies)	12 Months Ended
	Dec. 31, 2015
Policies
Use of Estimates, Policy	Use of Estimates The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Organization, Consolidation a19

Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies: Revenue Recognition, Policy (Policies)	12 Months Ended
	Dec. 31, 2015
Policies
Revenue Recognition, Policy	Revenue Recognition The Company recognizes revenues and the related costs when persuasive evidence of an arrangement exists, delivery and acceptance has occurred or service has been rendered, the price is fixed or determinable, and collection of the resulting receivable is reasonably assured. Amounts invoiced or collected in advance of product delivery or providing services are recorded as deferred revenue. The Company accrues for warranty costs, sales returns, bad debts, and other allowances based on its historical experience. The Company has recognized minimal revenue since inception.

Organization, Consolidation a20

Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies: Income Tax, Policy (Policies)	12 Months Ended
	Dec. 31, 2015
Policies
Income Tax, Policy	Income Taxes The Company files income tax returns in the U.S. federal jurisdiction, and the state of Florida. The Company’s policy is to recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. Net deferred tax assets consist of the following components as of December 31, 2015 and 2014: 2015 2014 Deferred tax assets: Deferred tax assets: 728,430 588,975 Valuation allowance (728,430) (588,975) Net deferred tax asset $ - $ - The Company had net operating losses of approximately ($2,160,000) that expire in years through 2035. Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carryforwards for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carryforwards may be limited as to use in future years.

Organization, Consolidation a21

Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies: Compensation Related Costs, Policy (Policies)	12 Months Ended
	Dec. 31, 2015
Policies
Compensation Related Costs, Policy	Stock-Based Compensation The Company records stock-based compensation using the fair value method. Equity instruments issued to employees and the cost of the services received as consideration are accounted for in accordance with ASC 718 “Stock Compensation” and are measured and recognized based on the fair value of the equity instruments issued. All transactions with non-employees in which goods or services are the consideration received for the issuance of equity instruments are accounted for in accordance with ASC 515 “Equity-Based Payments to Non-Employees”, based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.

Organization, Consolidation a22

Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies: New Accounting Pronouncements, Policy (Policies)	12 Months Ended
	Dec. 31, 2015
Policies
New Accounting Pronouncements, Policy	New Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Organization, Consolidation a23

Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies: Impairment or Disposal of Long-Lived Assets, Policy (Policies)	12 Months Ended
	Dec. 31, 2015
Policies
Impairment or Disposal of Long-Lived Assets, Policy	Long Lived Assets Periodically the Company assesses potential impairment of its long-lived assets, which include property, equipment and acquired intangible assets, in accordance with the provisions of ASC Topic 360, “Property, Plant and Equipment.” The Company recognizes impairment losses on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying values. An impairment loss would be recognized in the amount by which the recorded value of the asset exceeds the fair value of the asset, measured by the quoted market price of an asset or an estimate based on the best information available in the circumstances. There were no such losses recognized during 2014 or 2013.

Organization, Consolidation a24

Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies: Property, Plant and Equipment, Policy (Policies)	12 Months Ended
	Dec. 31, 2015
Policies
Property, Plant and Equipment, Policy	Property, Equipment and Intangible Assets Property and equipment are carried at cost, less accumulated depreciation. Additions are capitalized and maintenance and repairs are charged to expense as incurred. Intangible assets consist of acquired web site domains and web site content and are carried at cost, less accumulated amortization. Depreciation and amortization is provided principally on the straight-line basis method over the estimated useful lives of the assets.

Property, Plant and Equipment25

Property, Plant and Equipment Disclosure: Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2015
Tables/Schedules
Property, Plant and Equipment	December 31, 2015 2014 Furniture and fixtures $ 7,932 $ 7,932 Computer and office equipment 19,388 19,388 Less: Accumulated depreciation (22,470) (15,553) Total fixed assets $ 4,850 $ 11,767

Property, Plant and Equipment26

Property, Plant and Equipment Disclosure: Property, Plant and Equipment (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Details
Furniture and Fixtures, Gross	$ 7,932	$ 7,932
Computer and office equipment	19,388	19,388
Less: Accumulated depreciation	(22,470)	(15,553)
Total fixed assets	$ 4,850	$ 11,767