Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended | |
Mar. 31, 2014 | 14-May-14 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 31-Mar-14 | ' |
Entity Registrant Name | 'BullsNBears.com, Inc. | ' |
Entity Central Index Key | '0001543272 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
Document Fiscal Year Focus | '2014 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 11,680,000 |
Balance_Sheets
Balance Sheets (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
CURRENT ASSETS | ' | ' |
Cash | $196 | $829 |
Other current assets | 735 | 735 |
Total Current Assets | 931 | 1,564 |
Property and equipment, net of accumulated depreciation of $10,023 and $8,180 | 17,296 | 19,140 |
Intangible asset, net of accumulated amortization of $43,750 and $36,250 | 106,250 | 113,750 |
TOTAL ASSETS | 124,477 | 134,454 |
CURRENT LIABILITIES | ' | ' |
Accounts payable and accrued liabilities | 23,159 | 15,452 |
Accounts payable - related party | 255,800 | 207,800 |
Note payable - related party | 118,216 | 120,790 |
Convertible notes payable - related party | 21,716 | 21,716 |
Accrued interest payable - related party | 3,070 | 2,535 |
Convertible notes payable | 1,177,200 | 977,200 |
Accrued interest payable | 38,950 | 32,199 |
Total Current Liabilities | 1,638,111 | 1,377,692 |
STOCKHOLDERS' EQUITY (DEFICIT) | ' | ' |
Preferred stock; $0.0001 par value, 20,000,000 shares authorized, no shares issued or outstanding | ' | ' |
Common stock; $0.0001 par value, 100,000,000 shares authorized, 11,680,000 shares issued and outstanding, respectively | 1,168 | 1,168 |
Additional paid-in capital | 218,458 | 218,458 |
Deficit accumulated in the development stage | -1,733,260 | -1,462,864 |
Total Stockholders' Equity (Deficit) | -1,513,634 | -1,243,238 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | $124,477 | $134,454 |
Balance_Sheets_Parenthetical
Balance Sheets (Parenthetical) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Balance Sheets [Abstract] | ' | ' |
Property and equipment, accumulated depreciation | $10,023 | $8,180 |
Intangible asset, accumulated amortization | $43,750 | $36,250 |
Preferred Stock, par value per share | $0.00 | $0.00 |
Preferred Stock, shares authorized | 20,000,000 | 20,000,000 |
Preferred Stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common shares, par value per share | $0.00 | $0.00 |
Common shares, shares authorized | 100,000,000 | 100,000,000 |
Common shares, shares issued | 11,680,000 | 11,680,000 |
Common shares, shares outstanding | 11,680,000 | 11,680,000 |
Statements_of_Operations
Statements of Operations (USD $) | 3 Months Ended | 39 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | |
Statements of Operations [Abstract] | ' | ' | ' |
REVENUES | $3,403 | ' | $4,920 |
OPERATING EXPENSES | ' | ' | ' |
Content subscription expense | 6,649 | ' | 43,409 |
Depreciation and amortization | 9,343 | 9,219 | 53,773 |
General and administrative | 231,021 | 307,051 | 1,376,045 |
Warrant re-pricing expense | ' | ' | 164,508 |
Total Operating Expenses | 247,013 | 316,270 | 1,637,735 |
OPERATING LOSS | -243,610 | -316,270 | -1,632,815 |
OTHER INCOME (EXPENSE) | ' | ' | ' |
Interest expense | -26,786 | -16,735 | -100,445 |
Total Other Income (Expense) | -26,786 | -16,735 | -100,445 |
NET LOSS | ($270,396) | ($333,005) | ($1,733,260) |
BASIC NET LOSS PER COMMON SHARE | ($0.02) | ($0.03) | ' |
BASIC WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING | 11,680,000 | 11,680,000 | ' |
Statements_of_Cash_Flows
Statements of Cash Flows (USD $) | 3 Months Ended | 39 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' | ' |
Net loss | ($270,396) | ($333,005) | ($1,733,260) |
Items to reconcile net loss to net cash used in operating activities: | ' | ' | ' |
Depreciation and amortization | 9,343 | 9,219 | 53,773 |
Warrant re-pricing expense | ' | ' | 164,508 |
Common stock issued for settlement | ' | ' | 118 |
Changes in operating assets and liabilities: | ' | ' | ' |
(Increase) decrease in other assets | ' | -2,893 | -735 |
Increase in accounts payable and accrued liabilities | 14,459 | 884 | 62,109 |
Increase (decrease) in related party accounts payable and accrued interest | 48,535 | -10,911 | 258,870 |
Net Cash Used in Operating Activities | -198,059 | -336,706 | -1,194,617 |
CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' | ' |
Purchase of equipment | ' | -6,364 | -6,364 |
Net Cash Used in Investing Activities | ' | -6,364 | -6,364 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Proceeds from notes payable and convertible notes payable, related party | 27,071 | ' | 201,940 |
Payments on notes payables and convertible notes payable, related party | -29,645 | -180,208 | -232,963 |
Proceeds from convertible notes payable | 200,000 | 523,000 | 1,177,200 |
Common stock issued for cash | ' | ' | 55,000 |
Net Cash Provided by Financing Activities | 197,426 | 342,792 | 1,201,177 |
INCREASE (DECREASE) IN CASH | -633 | -278 | 196 |
CASH AT BEGINNING OF PERIOD | 829 | 10,673 | ' |
CASH AT END OF PERIOD | 196 | 10,395 | 196 |
CASH PAID FOR: | ' | ' | ' |
Interest | 19,500 | 2,780 | 58,426 |
Income taxes | ' | ' | ' |
NON-CASH INVESTING AND FINANCING TRANSACTIONS | ' | ' | ' |
Note payable issued for intangible assets | ' | ' | 150,000 |
Related party convertible note payable issued for fixed assets | ' | ' | $20,955 |
Nature_of_Operations_and_Conti
Nature of Operations and Continuance of Business | 3 Months Ended |
Mar. 31, 2014 | |
Nature of Operations and Continuance of Business [Abstract] | ' |
Nature of Operations and Continuance of Business | ' |
1 | |
Nature of Operations and Continuance of Business | |
The unaudited interim financial statements included herein have been prepared by BullsnBears.com, Inc. (the "Company") in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (the "SEC"). We suggest that these interim financial statements be read in conjunction with the audited financial statements and notes thereto included in our Form 10-K for the year ended December 31, 2013, as filed with the SEC. We believe that all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein and that the disclosures made are adequate to make the information not misleading. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the most recent fiscal year as reported in Form 10-K have been omitted. |
Going_Concern
Going Concern | 3 Months Ended |
Mar. 31, 2014 | |
Going Concern [Abstract] | ' |
Going Concern | ' |
2 | |
Going Concern | |
These financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. During the period from inception through March 31, 2014, the Company has generated no revenues and has an accumulated deficit of $1,733,260. The continuation of the Company as a going concern is dependent upon the continued financial support from its management, its ability to identify future investment opportunities and obtain the necessary debt or equity financing and generating profits from the Company's future operations. These factors raise substantial doubt regarding the Company's ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. |
Related_Party_Transactions
Related Party Transactions | 3 Months Ended |
Mar. 31, 2014 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions | ' |
3 | |
Related Party Transactions | |
Notes and Convertible Notes Payable | |
On October 20, 2012, in accordance with an Asset Purchase Agreement, the Company and a current officer and director of the Company entered into a one year, 6% Promissory Note for $150,000, prior to him joining the Company. Accrued interest on the Promissory Note totaled $1,775 at December 31, 2012. During the three months ended March 31, 2013, the Company repaid the note and a total of $2,405 in accrued interest. | |
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 be junior or subordinate in right of payment to any other indebtedness of the Company. Accrued interest on the Senior Convertible Note totaled $3,070 and $2,535 at March 31, 2014 and December 31, 2013, respectively. | |
On December 31, 2012, the Company and an officer and director of the Company entered into a one-year, 10% Senior Convertible Note for cash advances totaling $20,700 and expenses paid on behalf of the company totaling $9,508, or a total of $30,208. During the three months ended March 31, 2013, the Company repaid the note and a total of $375 in accrued interest. | |
From May 2013 through March 2014, the Company borrowed a total of $172,971 and repaid $54,755 from James Palladino, an officer and director of the Company. At March 31, 2014 and December 31, 2013, $118,216 and $120,790 of the short-term loans were outstanding, respectively, and are accruing interest at 6% per annum. During the three months ended March 31, 2014, the Company received $27,071 and repaid $29,645 in principal. | |
Consulting Expense | |
At March 31, 2014 and December 31, 2013, the Company owes an officer $255,800 and $207,800, respectively, for consulting expense which is included in accounts payable - related party. |
Convertible_Promissory_Notes_P
Convertible Promissory Notes Payable | 3 Months Ended |
Mar. 31, 2014 | |
Convertible Promissory Notes Payable [Abstract] | ' |
Convertible Promissory Notes Payable | ' |
4 | |
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. | |
During the three months ended March 31, 2014, the Company issued Convertible Promissory Notes (the "Notes") for cash totaling $200,000. The Notes bear interest at 10% per annum, are unsecured and due in one year from the date of issuance. 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 $38,950 and $32,199 at March 31, 2014 and December 31, 2013, respectively. | |
As of March 31, 2014, there were $523,000 worth of notes which have matured and have not converted into common shares. In the absence of the note holders converting to common stock that the company will need to raise additional capital to retire the notes. |
Going_Concern_Details
Going Concern (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Going Concern [Abstract] | ' | ' |
Accumulated deficit | $1,733,260 | $1,462,864 |
Related_Party_Transactions_Det
Related Party Transactions (Details) (USD $) | 3 Months Ended | 11 Months Ended | 39 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 1 Months Ended | 1 Months Ended | 3 Months Ended | 3 Months Ended | 11 Months Ended | |||||||||||
Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Oct. 31, 2012 | Mar. 31, 2013 | Dec. 31, 2012 | Oct. 20, 2012 | Oct. 31, 2012 | Mar. 31, 2014 | Dec. 31, 2013 | Oct. 31, 2012 | Oct. 31, 2012 | Dec. 31, 2012 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | |
Officer and Director [Member] | Officer and Director [Member] | Officer and Director [Member] | Officer and Director [Member] | Officer and Director [Member] | Officer and Director [Member] | Officer and Director [Member] | Officer and Director [Member] | Officer and Director [Member] | Officer and Director [Member] | Officer and Director [Member] | Officer and Director [Member] | Officer and Director [Member] | Officer and Director [Member] | Officer and Director [Member] | Officer [Member] | Officer [Member] | ||||||
Promissory Note for Asset Purchase Agreement [Member] | Promissory Note for Asset Purchase Agreement [Member] | Promissory Note for Asset Purchase Agreement [Member] | Promissory Note for Asset Purchase Agreement [Member] | Senior Convertible Note for Office Equipment and Supplies [Member] | Senior Convertible Note for Office Equipment and Supplies [Member] | Senior Convertible Note for Office Equipment and Supplies [Member] | Senior Convertible Note for Office Equipment and Supplies [Member] | Senior Convertible Note for Office Equipment and Supplies [Member] | Senior Convertible Note for Cash Advances and Expenses [Member] | Senior Convertible Note for Cash Advances and Expenses [Member] | Senior Convertible Note for Cash Advances and Expenses [Member] | Senior Convertible Note for Cash Advances and Expenses [Member] | Short-Term Loans [Member] | Short-Term Loans [Member] | Consulting Expense [Member] | Consulting Expense [Member] | ||||||
Office Equipment [Member] | Supplies [Member] | Cash Advances [Member] | Expenses Paid on Behalf of Company [Member] | |||||||||||||||||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Initial term | ' | ' | ' | ' | ' | '1 year | ' | ' | ' | '1 year | ' | ' | ' | ' | '1 year | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, interest rate | ' | ' | ' | ' | ' | ' | ' | ' | 6.00% | 10.00% | ' | ' | ' | ' | 10.00% | ' | ' | ' | 6.00% | 6.00% | ' | ' |
Debt, face amount | ' | ' | ' | ' | ' | ' | ' | ' | $150,000 | $21,716 | ' | ' | $20,955 | $761 | $30,208 | ' | $20,700 | $9,508 | ' | ' | ' | ' |
Interest accrued in the period | ' | ' | ' | ' | ' | ' | ' | 1,775 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayments | 29,645 | 180,208 | ' | 232,963 | ' | ' | 2,405 | ' | ' | ' | ' | ' | ' | ' | ' | 375 | ' | ' | 29,645 | 54,755 | ' | ' |
Accrued interest paid | 19,500 | 2,780 | ' | 58,426 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accrued interest payable - related party | 3,070 | ' | 3,070 | 3,070 | 2,535 | ' | ' | ' | ' | ' | 3,070 | 2,535 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from notes payable, related party | 27,071 | ' | 172,971 | 201,940 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 27,071 | ' | ' | ' |
Note payable - related party | 118,216 | ' | 118,216 | 118,216 | 120,790 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accounts payable - related party | $255,800 | ' | $255,800 | $255,800 | $207,800 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $255,800 | $207,800 |
Convertible_Promissory_Notes_P1
Convertible Promissory Notes Payable (Details) (USD $) | 3 Months Ended | 12 Months Ended | 39 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | Mar. 31, 2014 | |
Short-term Debt [Line Items] | ' | ' | ' | ' |
Proceeds from convertible notes payable | $200,000 | $523,000 | $977,200 | $1,177,200 |
Accrued interest payable | 38,950 | ' | 32,199 | 38,950 |
Convertible Promissory Notes [Member] | ' | ' | ' | ' |
Short-term Debt [Line Items] | ' | ' | ' | ' |
Debt instrument, interest rate | 10.00% | ' | 10.00% | 10.00% |
Initial term | '1 year | ' | '1 year | ' |
Debt conversion, price per share | $1 | ' | $1 | $1 |
Total amount of convertible notes that have matured and have not been converted to common shares | $523,000 | ' | ' | $523,000 |