Pulse Evolution (PLFX) 10-Q 14 Nov 14 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Sep. 30, 2014	Nov. 14, 2014
Document And Entity Information	'	'
Entity Registrant Name	'Pulse Evolution Corp	'
Entity Central Index Key	'0001583138	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--06-30	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	137,191,342
Document Fiscal Period Focus	'Q1	'
Document Fiscal Year Focus	'2015	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Sep. 30, 2014	Jun. 30, 2014
Current assets:	'	'
Cash	$263,432	$1,539,719
Prepaid legal fees	64,675	134,675
Prepaid deposits and other assets	111,857	66,856
Total current assets	439,964	1,741,250
Property and equipment, net	23,199	22,886
Intangible and other assets	1,432,967	3,167
Total assets	1,896,130	1,767,303
Current liabilities:	'	'
Accounts payable	654,845	341,055
Accrued expenses	375,104	676,520
Total current liabilities	1,029,949	1,017,575
Shareholders' equity:	'	'
Preferred stock, 100,000,000 shares authorized at par value of $0.001 per share, no shares issued or outstanding at September 30, 2014	'	'
Common stock, 300,000,000 shares authorized at par value of $0.001 per share, 116,632,690 and 109,627,349 issued and outstanding at September 30, 2014 and June 30, 2014, respectively.	116,633	109,627
Subscription receivable	-1,253	-153,276
Additional paid-in capital	12,558,150	9,116,789
Accumulated deficit	-11,432,150	-8,465,066
Total equity before non-controlling interests	1,241,380	608,074
Non-controlling interests	-375,199	141,654
Total stockholders' deficit	866,181	749,728
Total liabilities and stockholders' deficit	$1,896,130	$1,767,303

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)	Sep. 30, 2014	Jun. 30, 2014
Statement of Financial Position [Abstract]	'	'
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, par value	$0.00	$0.00
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	300,000,000	300,000,000
Common stock, par value	$0.00	$0.00
Common stock, shares issued	116,632,690	109,627,349
Common stock, shares outstanding	116,632,690	109,627,349

Condensed_Consolidated_Stateme

Condensed Consolidated Statement of Operations (Unaudited) (USD $)	3 Months Ended
	Sep. 30, 2014
Statement of Operations:	'
Revenues	$88,151
Costs and expenses	3,572,088
Net operating loss	-3,483,937
Loss before income taxes	-3,483,937
Income tax expense	'
Net loss before non-controlling interests	-3,483,937
Net loss attributable to non-controlling interests	-516,853
Net loss attributable to common shareholders	($3,483,937)
Basic and Diluted loss per share attributable to Pulse Evolution Corporation common shareholders	($0.03)
Weighted average number of common shares outstanding:	'
Basic and Diluted	113,490,252

Condensed_Consolidated_Stateme1

Condensed Consolidated Statement of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Sep. 30, 2014
Cash flows from operating activities:	'
Net loss before non-controlling interests	($3,483,937)
Adjustments to reconcile net loss before non-controlling interests to net cash used in operating activities:	'
Depreciation and amortization of property and equipment and intangible assets	50,261
Stock-based compensation	368,305
Changes in operating assets and liabilities:	'
Prepaids and retainers	24,999
Other assets	-3,000
Accounts payable	304,479
Accrued expenses	155,237
Net cash used in operating activities	-2,583,656
Cash flows from investing activities:	'
Purchases of property and equipment	-1,374
Purchase of licensing rights	-1,000,000
Net cash used in investing activities	-1,001,374
Cash flows from financing activities:	'
Proceeds from issuance of common stock	2,308,743
Net cash provided by financing activities	2,308,743
Net decrease in cash and cash equivalents	-1,276,287
Cash and cash equivalents at beginning of period	1,539,719
Cash and cash equivalents at end of period	263,432
Non-cash investing and financing activities:	'
Payment of payable in common stock	456,653
Exchange warrant option issued to acquire licensing rights	$476,000

Summary_of_Significant_Account

Summary of Significant Accounting Policies	3 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Nature of Business
	Pulse Evolution Corporation was incorporated on May 31, 2013 under the laws of the State of Nevada under the name QurApps, Inc. During fiscal 2014, the Company was planning on developing a mobile software food recipe app until the Company’s controlling shareholder sold his interest in the Company on May 15, 2014. In anticipation of this change of control, the Company changed its name to Pulse Evolution Corporation effective May 8, 2014.
	The Company is in the early stages of becoming a creatively driven, digital production and intellectual property company that expects to produce specialized, high-impact applications of computer-generated human likeness for utilization in entertainment, life sciences, education and telecommunication. Founded by leading producers of photorealistic digital humans, the Company plans to develop “virtual humans” for live and holographic concerts, advertising, feature films, branded content, medical applications and training. The Company’s business model is focused on participation in intellectual property through the development, production and ownership of entertainment properties featuring globally recognized animated virtual performers and through multi-year revenue-share relationships with living celebrities and late celebrity estates. In May 2014, the Company signed a letter of intent to exchange at least a majority of its unissued shares of common stock for 100% of the outstanding common stock of Pulse Entertainment Corporation, a related party (“Pulse Entertainment”). Pulse Entertainment is engaged in the business the Company plans to pursue. In late 2013, Pulse Entertainment entered into a multi-year agreement with the estate of Michael Jackson to produce a photo-realistic digital likeness of the late celebrity and to participate in a share of revenues that could be realized through performances of the ‘Virtual Michael Jackson’ in diverse entertainment and media applications. In August 2014, the Company entered into a multi-year agreement with ABG EPE IP, LLC (“ABG”), the principal owner of rights related to the estate of the late celebrity Elvis Presley to produce a photo-realistic digital likeness of the late celebrity and to participate in a share of revenues that could be realized through performances of the ‘Virtual Elvis Presley’ in diverse entertainment and media applications. In October 2014, the Company entered into a multi-year agreement with the estate of the late celebrity Marilyn Monroe to produce a photo-realistic digital likeness of the late celebrity and to participate in a share of revenues that could be realized through performances of the ‘Virtual Marilyn Monroe’ in diverse entertainment and media applications.
	Acquisition of Pulse Entertainment
	The Company entered into a share exchange agreement on September 26, 2014 (the “Share Exchange Agreement”) with Pulse Entertainment in which the Company agreed to issue up to 58,362,708 shares of its unregistered common stock, $0.001 par value (the “Common Stock”) to the shareholders of Pulse Entertainment holding 21,535,252 shares of its issued and outstanding common stock (the “Share Exchange”), such shares representing 100% of the issued and outstanding common stock of Pulse Entertainment. Upon closing of the transaction, Pulse Entertainment will become a subsidiary of the Company and the total shares of common stock outstanding are expected to be 146,280,014. On September 30, 2014, the Company completed the initial closing under the Share Exchange Agreement pursuant to which it agreed to issue 35,827,309 shares of its unregistered Common Stock, net of cancellations, to the shareholders of Pulse Entertainment in exchange for 17,466,383 shares of its common stock. As part of the Share Exchange, certain of the Company’s shareholders who are also shareholders of Pulse Entertainment canceled 60,910,113 shares of the Company’s common stock previously issued to them in connection with the Share Exchange. Upon completion of the initial closing, Pulse Entertainment became a subsidiary of the Company in which the Company owns an 81.1% interest. The remaining 4,068,869 shares of Pulse Entertainment common stock may be exchanged by the Pulse Entertainment Shareholders pursuant to the Share Exchange Agreement for 22,535,399 shares of the Company’s unregistered common stock. In the event these shares are exchanged, Pulse Entertainment will become a wholly owned subsidiary of the Company.
	Recapitalization
	The Company’s acquisition of Pulse Entertainment was accounted for as a recapitalization of Pulse Entertainment since the shareholders of Pulse Entertainment obtained voting and managing control of the Company. Pulse Entertainment was the acquirer for financial reporting purposes and Pulse Evolution was the acquired company. Consequently, the consolidated financial statements after completion of the acquisition include the assets and liabilities of both Pulse Evolution and Pulse Entertainment, the historical operations of Pulse Entertainment and their consolidated operations from the September 30, 2014 closing date of the acquisition. Pulse Entertainment retroactively applied its recapitalization pursuant to the terms of the Share Exchange Agreement for all periods presented in the accompanying consolidated financial statements.
	Because Pulse Entertainment is the acquirer for financial reporting purposes, no comparative prior year data is presented due to Pulse Entertainment’s incorporation occurring on October 10, 2013 in the state of Delaware.
	Liquidity
	The Company has been highly dependent on raising capital to fund its start-up and growth strategies. To date, the Company has raised capital from the sales of its common stock without restrictive covenants from institutional investors and strategic partners (See Note 8 - Capitalization). On September 30, 2014, the Company and Pulse Entertainment completed an initial closing under the terms of a share exchange agreement they entered into whereby Pulse Entertainment became a subsidiary of the Company.
	The Company’s core business is the acquisition from estates and other rights holders of certain intellectual property rights to create virtual celebrities, and the right to present, and license to others to present, those virtual performers in live, and a variety of live-virtual and commercial formats.
	In execution of its business plan, the Company has considered various models for executing its business plan. Originally, the Company intended to focus on providing virtual performers for appearances and collecting royalties when the Company has an ownership interest in the intellectual property rights for the virtual performer (the “Talent Model”). Under the Talent Model, the Company would permit other producers to create performances that make use of virtual performers created by the Company.
	Subsequently, the Company decided to explore and develop opportunities to act as a producer of events (the “Producer Model”), thereby enabling the company to exert significant creative and technological control over the performance productions, and to capture significantly greater portions of the realizable economic value created by the virtual performance.
	Under both models, the Company expects to generate revenues and/or positive operating cash-flow on all digital construction, animation, and production services that it provides, plus royalties when the work involves intellectual property rights held by the Company. Under both models, the Company has significant discretion to determine to what extent the creative and production resources, which are primarily labor costs, are engaged on an as-needed basis for each project or production (“Contract Staffing”), and to what extent the Company carries a concentration of creative and production resources in-house (“In-House Staffing”).
	While execution of the Producer Model enables the Company to capture more of the value created by the virtual performers, it also requires the Company to raise significant amounts of production capital, which is similar to project financed equity or non-recourse debt into production subsidiaries. Executing this model with In-house Staffing gives the Company certain strategic advantages and flexibility in the development of new concepts and application of new technologies, yet it also requires a higher employee headcount and the related operating overhead.
	The Company’s ability to fund its operations and meet its obligations on a timely basis is dependent on its ability to match the available financial resources to its operating model (Talent vs. Producer) and its execution strategy (Contract Staffing vs. In-House Staffing). The decisions the Company makes with regard to operating model and execution strategy drive the capital and liquidity requirements.
	The Company is currently operating under the Producer Model with significant In-House Staffing resources. Consequently, the Company is heavily reliant upon raising equity capital to finance our operations, meet our working capital requirements and finance productions. To the extent that full development of the Company’s growth opportunities also requires forming strategic alliances, we are prepared to do so.
	If, however, the Company is unable to successfully raise sufficient additional capital and generate cash flow from operations, the Company would likely have to reduce its dependence on In-House Staffing and limit many, if not all, of the its activities as a producer.
	Basis of Presentation and Consolidation
	These unaudited condensed consolidated interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) in accordance with the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, these financial statements contain all adjustments, consisting of normal recurring adjustments, necessary to present fairly the financial position, results of operations and cash flows for the periods presented. The results of operations for the interim periods presented are not necessarily indicative of the results that may be expected for the full year.
	The accompanying condensed consolidated financial statements include the accounts of Pulse Evolution Corporation, its majority-owned subsidiary Pulse Entertainment Corporation and its wholly-owned subsidiary The Kopp Initiative, LLC. All significant intercompany accounts and transactions have been eliminated in consolidation.
	The Company retroactively applied its recapitalization per the Share Exchange Agreement for all periods presented in the accompanying unaudited condensed consolidated financial statements.
	Reclassifications
	The accompanying condensed consolidated financial statements include certain reclassifications of amounts in the June 30, 2014 financial statements in order to conform to the September 30, 2014 presentation.
	Revenue Recognition
	We have entered into a production services agreement with the estate of a deceased celebrity that provide revenues based on certain production services. Revenue is recognized on a straight-line basis over each contract period, as defined in each agreement. As the production services are rendered, revenue is recognized.
	Stock-based Compensation
	ASC 718, “Compensation-Stock Compensation” requires recognition in the financial statements of the cost of employee services received in exchange for an award of equity instruments over the period the employee is required to perform the services in exchange for the award (presumptively the vesting period). We measure the cost of employee services received in exchange for an award based on the grant-date fair value of the award. We account for non-employee share-based awards based upon ASC 505-50, “Equity-Based Payments to Non-Employees.” ASC 505-50 requires the costs of goods and services received in exchange for an award of equity instruments to be recognized using the fair value of the goods and services or the fair value of the equity award, whichever is more reliably measurable. The fair value of the equity award is determined on the measurement date, which is the earlier of the date that a performance commitment is reached or the date that performance is complete. Generally, our awards do not entail performance commitments. When an award vests over time such that performance occurs over multiple reporting periods, we estimate the fair value of the award as of the end of each reporting period and recognize an appropriate portion of the cost based on the fair value on that date. When the award vests, we adjust the cost previously recognized so that the cost ultimately recognized is equivalent to the fair value on the vesting date, which is presumed to be the date performance is complete.
	Income Taxes
	The Company uses the asset and liability method of accounting for income taxes. Under this method, deferred income taxes are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to be applied to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred taxes of a change in tax rates is recognized in income in the period that includes the enactment date.
	Foreign Currency Translation
	The Company has adopted the US dollar as its functional and reporting currency because most of its transactions are denominated in US currency.
	Fair Value of Financial Instruments
	The Company determines the fair value of its financial instruments using the Black-Scholes option pricing model and utilized the following assumptions for determination of the fair value of its financial instrument as of September 30, 2014:
	Fair value of exchange warrants option	September 30, 2014			30-Jun-14
	Number of shares		2,800,000
	Fair value of option	$	476,000			-
	Term in years		1.61			-
	Risk-free interest rate		0.34	%		-
	Volatility		76.63	%		-
	Dividend rate		0	%		-
	Earnings per Share
	Basic earnings per share are computed based upon the weighted-average number of shares outstanding, including nominal issuances of common share equivalents, for each period presented. Fully-diluted, earnings per share is computed based upon the weighted-average number of shares and dilutive share equivalents outstanding for each period presented. Due to the Company’s net losses for the three months ended September 30, 2014, the inclusion of dilutive common share equivalents in the calculation of diluted earnings per share would be anti-dilutive. Thus, the common share equivalents have been excluded from the computation of diluted earnings per share for the three months ended September 30, 2014. These common stock equivalents include exchange warrants for shares of the Company’s common stock and rights to exchange shares of Pulse Entertainment Corporation common stock for shares of the Company’s common stock.
	The potential dilutive securities outstanding that were excluded from the computation of diluted net loss per share for the following periods, because their inclusion would have had an anti-dilutive effect, are summarized as follows:
		Three Months Ended
		30-Sep-14
	Share exchange right of subsidiary shareholders		22,535,399
	Exchange warrants option		2,800,000
	Total		25,335,399
	Recent Accounting Pronouncements
	On May 28, 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09 (ASU 2014-09), Revenue from Contracts with Customers. ASU 2014-09 will eliminate transaction- and industry-specific revenue recognition guidance under current U.S. GAAP and replace it with a principle based approach for determining revenue recognition. ASU 2014-09 will require that companies recognize revenue based on the value of transferred goods or services as they occur in the contract. The ASU also will require additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. ASU 2014-09 is effective for reporting periods beginning after December 15, 2016, and early adoption is not permitted. Entities can transition to the standard either retrospectively or as a cumulative-effect adjustment as of the date of adoption. Management is currently evaluating the impact, if any, on adopting ASU 2014-09 on our results of operations or financial condition.

Property_Equipment

Property & Equipment	3 Months Ended
	Sep. 30, 2014
Property, Plant and Equipment [Abstract]	'
Property & Equipment	'
	NOTE 2. PROPERTY & EQUIPMENT
	Property and equipment as of September 30, 2014 and June 30, 2014 consist of the following:
		30-Sep-14			30-Jun-14
	Computers and other equipment	$	11,179		$	9,805
	Furniture and fixtures		14,061			14,061
	Total property and equipment, cost		25,240			23,866
	Less accumulated depreciation		(2,041	)		(980	)
	Total property and equipment, net	$	23,199		$	22,886
	The range of estimated useful lives for property and equipment at September 30, 2014, and June 30, 2014 was five to seven years.
	Depreciation expense on property and equipment totaled $1,061 for the three months ended September 30, 2014.

Intangible_Other_Assets

Intangible & Other Assets	3 Months Ended
	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Intangible & Other Assets	'
	NOTE 3. INTANGIBLE & OTHER ASSETS
	In August 2014, the Company entered into a multi-year agreement with ABG to develop for ABG, entertainment projects to utilize a realistic computer-generated image of Elvis Presley. The likeness will be used to create entertainment and branding revenue opportunities for us, generated from holographic performances in live shows and commercials. The initial fee paid has been capitalized and is being amortized over the length of the agreement. At September 30, 2014, forty-eight months remain unamortized on the agreement.
	Included in other assets is a receivable of approximately $6,200 due from two affiliated entities controlled by the Executive Chairman of the Board of the Company.

Accrued_Liabilities

Accrued Liabilities	3 Months Ended
	Sep. 30, 2014
Notes to Financial Statements	'
Accrued Liabilities	'
	NOTE 4. ACCRUED LIABILITIES
	Accrued liabilities as of September 30, 2014 and June 30, 2014 consist of the following:
		30-Sep-14		30-Jun-14
	Payroll and payroll related liabilities	$	276,650	$	132,732
	Due to advisor		-		456,653
	Other accrued expenses		98,454		87,135
	Total accrued expenses	$	375,104	$	676,520

NonControlling_Interests

Non-Controlling Interests	3 Months Ended
	Sep. 30, 2014
Notes to Financial Statements	'
Non-Controlling Interests	'
	NOTE 5. NON-CONTROLLING INTERESTS
	Changes in the non-controlling interest amounts of our subsidiaries for the three months ended September 30, 2014 were as follows:
	Balance at June 30, 2014	$	141,654
	Net loss attributable to non-controlling interests		(516,853	)
	Balance at September 30, 2014	$	(375,199	)
	During the three months ended September 30, 2014, the Company’s subsidiary Pulse Entertainment realized a net loss of $3,483,937. Pursuant to the requirements under FASB ASC Topic 810, Consolidation, the Company allocates Pulse Entertainment’s earnings to non-controlling interests based on the percentage of common stock of Pulse Entertainment not owned by the Company. Intercompany transactions are eliminated in consolidation but impact the net earnings of each of the respective entities and as such affect amounts allocated to non-controlling interests. During the three months ended September 30, 2014, $2,734,674 of Pulse Entertainment’s net loss was allocated to accumulated deficit representing the Company’s proportionate holdings in Pulse Entertainment’s common stock outstanding of 81.1% and the remaining 18.9% of Pulse Entertainment’s net loss, amounting to $516,853, was allocated to non-controlling interests.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	NOTE 6. COMMITMENTS AND CONTINGENCIES
	Operating Leases
	The Company leases office space under non-cancelable operating leases with an expiration date of March 31, 2015. Monthly lease expense is approximately $12,000 with a remaining obligation under the lease of approximately $72,000.
	The Company also leases office space on a month-to-month basis for its production operations. Monthly lease expense is approximately $8,300.
	Total rent expense for the three months ended September 30, 2014 was approximately $58,200.
	Advisory Agreements
	The Company’s majority-owned subsidiary, Pulse Entertainment Corporation, entered into an Investor Introduction Agreement (“the Agreement”) with an international advisory services group (“the Advisor”) in March 2014. The Advisor is to support the Company in its fund raising process through introductions of potential investors and to assist the Company in developing its investor relations strategy. The Agreement calls for the Advisor to be paid a success fee in cash equal to six percent of all investments introduced by the Advisor. In addition the Advisor shall be entitled to shares equal to three percent of the underlying shares issued in any such transactions. As of June 30, 2014, the Advisor had earned 488,830 shares of Pulse Entertainment common stock, of which 224,869 shares of common stock were issued. A liability had been recognized by Pulse Entertainment for the portion of shares not issued as of June 30, 2014 totaling $456,653. In September 2014, the Company issued 1,461,946 shares of its common stock in payment of the liability as if Pulse Entertainment had paid the Advisor in its shares, and the Advisor immediately exchanged the shares in the company’s stock under the Share Exchange Agreement as further described in Note 9 - Capitalization below.
	Pulse Entertainment entered into a business development advisory agreement (the “Business Development Agreement”) with a consulting firm (the “Consultant”) in May 2014, wherein the Consultant agreed to provide certain production and promotion services to Pulse Entertainment in exchange for consideration including cash, equity, an operating budget and production credits as specified in the Business Development Agreement. The Business Development Agreement provides for certain performance milestones and for termination by either party with 30 days’ notice. The maximum potential equity consideration is comprised of up to 200,000 stock options with an exercise price of $1.73 per share as follows:
		●	100,000 options immediately upon execution of the Agreement
		●	Up to 50,000 options each quarter for the following two quarters, beginning three months from the date of the Agreement, if certain performance targets are achieved.
	Because Pulse Entertainment had not yet established an equity incentive plan under which the options could have been formally granted at the time the Business Development Agreement was executed, and accordingly had not reserved shares of common stock for issuance under an equity incentive plan, there was insufficient information to determine the fair value of the option grant at the effective date of the Business Development Agreement. Therefore, Pulse Entertainment is unable to determine the fair value of the option grant on the grant date and has not recorded a liability on its books and records.
	The Business Development Agreement was terminated in September 2014. The Company is currently in negotiations with the consultants to reach a settlement in lieu of the Pulse Entertainment stock option grant. Since the Company cannot reasonably estimate or determine a likely outcome, no liability has been recorded for the quarter ended September 30, 2014.
	In July, the Company entered into an Investor Introduction Agreement (“the II Agreement”) with an international advisory services group (“the Advisor”). The Advisor is to support the Company in its fund raising process through introductions of potential investors and to assist the Company in developing a coherent investor relations strategy. The II Agreement calls for the Advisor to be paid a success fee in cash equal to up to eleven percent of all investments introduced by the Advisor through September 30, 2014, subsequent to that date the cash fee for any such transactions is permanently reduced to six percent. In addition the Advisor shall be entitled to shares equal to three percent of the underlying shares issued in any such transactions.
	In September 2014, the Company entered into a Consulting Agreement (“AB Agreement”) with a member of Art Story LLC whose managing member is the Executive Chairman of the Company. The consultant is to provide services related to story art development. Under the term of the agreement the consultant is to provide services for one year to and is to be paid in monthly payments of $12,500.
	In September 2014, the Company entered into an exclusive financial services and advisory agreement with a consultant to assist the Company in its capital market strategies. Under the terms of the agreement, the Company is to pay the consultant three non-refundable monthly payments of $30,000, and quarterly restricted stock grants equal to one-half of one percent of the outstanding shares of common stock of the Company each quarter to a maximum of two and one-half percent of the outstanding shares of common stock. The agreement also calls for a ten percent fee in the event that a qualified financing transaction, as defined in the agreement, is closed. The fee is payable equally in cash and stock.
	Contractual Commitments
	The Company has entered into a production-related contract. Under the terms of the contract, the Company is required to make an initial payment to the third party as well as commitments to profit sharing requiring minimum future payments to the third party ratably over the next five years beginning at the end of calendar 2015. At the three months ended September 30, 2014, the future minimum payments due for future profit sharing under the contract are $4,000,000.
	Litigation
	On May 29, 2014, Hologram USA, Inc., Musion Das Hologram Limited and Uwe Maass (the “Plaintiffs”) filed an amended complaint in the U.S. District Court for the District of Nevada (Case No. 2:14-cv-00772-GMN-NJK). The complaint alleges that Plaintiffs own, or control, certain patents related to the projection illusion technique, historically known as “Pepper’s Ghost.” The Plaintiffs further allege that Pulse Evolution Corporation, Pulse Entertainment Corporation, John Textor, Dick Clark Productions, Inc., John Branca and John McClain, as executors of the Estate of Michael J. Jackson, MJJ Productions, Inc. Musion Events, Ltd. Musion 3D, Ltd., William James Rock and Ian Christopher O’Connell (collectively, the “Defendants”) infringed on the Plaintiffs’ patent rights by using the Plaintiffs’ projection illusion system to project the visual imagery developed and conceived by our company in connection with the a musical performance at the 2014 Billboard Music Awards in Las Vegas Nevada featuring an image of the late Michael Jackson. The Plaintiffs have not alleged that the Company’s core business, the production of visual effects or human animation imagery infringes their intellectual property rights. The complaint sought an order of the Court temporarily and permanently enjoining the Defendants from carrying out the Michael Jackson performance, a judgment for infringement, damages, attorneys’ fees and costs. The Plaintiffs’ Emergency Motion for Temporary Restraining Order filed in connection with its May 15, 2014 complaint was denied on May 16, 2014 as the Court found that the Plaintiffs’ failed to establish that they are likely to succeed on the merits of their patent infringement claims and that they are likely to suffer irreparable harm.
	On September 17, 2014, the Court issued a Revised Discovery Plan and Scheduling Order setting the discovery cut-off date of September 28, 2015, and set the deadline for dispositive motions as October 28, 2015. The Court did not set a trial date. The Court also did not rule on the Motions to Dismiss made pursuant to FRCP Rule 12(b)(6) and 12(b)(3) filed on June 24, 2014 by Pulse Evolution Corporation, Pulse Entertainment Corporation and John Textor. The Motions to Dismiss remain pending. On November 4, 2014, Pulse Evolution Corporation, Pulse Entertainment Corporation and John Textor served their Initial Disclosure of Non-Infringement and Invalidity Contentions pursuant to L.R. 16.1. The defendants anticipate filing a Motion for Summary Judgment as soon as is practicable.
	The Company believes that its claims and defenses in this case are substantial because the visual imagery the Company develops and conceives is distinct from the Plaintiffs’ projection system allowing the Company to use a variety of projection systems in its productions. Litigation is, however, inherently unpredictable. The outcome of this lawsuit is subject to significant uncertainties and, therefore, determining the likelihood of a loss and/or the measurement of any loss is complex. Consequently, the Company is unable to estimate the range of reasonably possible loss. The Company’s assessments are based on estimates and assumptions that have been deemed reasonable by management, but the assessment process relies heavily on estimates and assumptions that may prove to be incomplete or inaccurate, and unanticipated events and circumstances may occur that might cause the Company to change those estimates and assumptions.
	The Company is involved from time to time in routine litigation arising in the ordinary course of conducting its business. In the opinion of the Company’s management, no pending routine litigation will have a material adverse effect on the Company’s financial condition, results of operations or cash flows.

Capitalization

Capitalization	3 Months Ended
	Sep. 30, 2014
Capitalization	'
Capitalization	'
	NOTE 7. CAPITALIZATION
	Common Stock Issued in Private Placements
	For the three months ended September 30, 2014, the Company sold 4,919,356 shares of its common stock at an average price of $0.45 per share for aggregate, gross proceeds of $2,225,000 and aggregate net proceeds of $2,156,720. The Company also received net proceeds of $152,023 from an investor under a securities purchase agreement entered into prior to June 30, 2014.
	Common Stock Issued in Share Exchange
	On September 30, 2014, the Company completed the initial closing under the Share Exchange Agreement pursuant to which it agreed to issue 35,827,309 shares of its unregistered Common Stock, net of cancellations, to the shareholders of Pulse Entertainment in exchange for 17,466,383 shares of its common stock. As part of the Share Exchange, certain of the Company’s shareholders who are also shareholders of Pulse Entertainment agreed to cancel 60,910,113 shares of the Company’s common stock issuable to them in connection with the Share Exchange. Upon completion of the initial closing, Pulse Entertainment became a subsidiary of the Company in which the Company owns an 81.1% interest. The remaining 4,068,869 shares of Pulse Entertainment common stock may be exchanged by the Pulse Entertainment shareholders pursuant to the Share Exchange Agreement for 22,535,399 shares of the Company’s unregistered common stock. In the event these shares are exchanged, Pulse Entertainment will become a wholly owned subsidiary of the Company.
	Common Stock Issued in Payment of Subsidiary Payable
	Pulse Entertainment Corporation, entered into an Investor Introduction Agreement (“the Agreement”) with an international advisory services group (“the Advisor”) in March 2014. The Advisor is to support the Company in its fund raising process through introductions of potential investors and to assist the Company in developing its investor relations strategy. The Agreement calls for the Advisor to be paid a success fee in cash equal to six percent of all investments introduced by the Advisor. In addition the Advisor shall be entitled to shares equal to three percent of the underlying shares issued in any such transactions.
	As of June 30, 2014, the Advisor had earned 488,830 shares of Pulse Entertainment common stock, of which 224,869 shares of common stock were issued. A liability had been recognized by Pulse Entertainment for the portion of shares not issued as of June 30, 2014 totaling $456,653. In September 2014, the Company issued 1,461,946 shares of its common stock in payment of the liability as if Pulse Entertainment had paid the Advisor in its shares, and the Advisor immediately exchanged the shares in the company’s stock under the Share Exchange Agreement described above. The Company recorded the par value of the stock at $1,462 and additional paid in capital of $455,191.
	For the three months ended September 30, 2014, the Advisor had earned 30,000 shares of the Company’s common stock under the terms of the Agreement. The value of the shares was $18,600 and was recorded as a reduction to additional paid in capital.
	Common Stock Issued to Service Providers
	In determining the fair value of the services rendered by third parties, the Company uses the value of the services or the fair value of the common stock at the time the common stock was issued whichever is more readily determinable at the time the services are rendered.
	In September 2014, the Company entered into an exclusive financial services and advisory agreement with a consultant to assist the Company in its capital market strategies. Under the terms of the agreement, the Company is to pay the consultant three non-refundable monthly payments of $30,000, and quarterly restricted stock grants equal to one-half of one percent of the outstanding shares of common stock of the Company each quarter to a maximum of two and one-half percent of the outstanding shares of common stock. The fee is payable equally in cash and stock. The Company recorded stock compensation expense of $368,305 upon issuance of 594,039 shares of its common stock.
	The agreement also calls for a ten percent fee in the event that a qualified financing transaction, as defined in the agreement, is closed. No such qualified financing transaction was contemplated as of September 30, 2014.

Income_Taxes

Income Taxes	3 Months Ended
	Sep. 30, 2014
Income Taxes	'
Income Taxes	'
	NOTE 8. INCOME TAXES
	Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and for income tax purposes. A deferred income tax asset is recognized if realization of such asset is more likely than not, based upon the weight of available evidence which includes historical operating performance and the Company’s forecast of future operating performance. The Company evaluates the realizability of its deferred income tax assets and a valuation allowance is provided, as necessary. During this evaluation, the Company reviews its forecasts of income in conjunction with the positive and negative evidence surrounding the realizability of its deferred income tax assets to determine if a valuation allowance is needed.
	The Company files income tax returns in the U.S. federal jurisdiction, various U.S. states. Because of the Company’s history of tax losses, all income tax returns filed remain open to examination by U.S federal and state tax authorities. The Company believes that it has made adequate provision for all income tax uncertainties pertaining to these open tax years.
	No federal, state and local tax benefit was recorded during the three months ended September 30, 2014 for the Company’s pretax loss, because the future realizability of such benefits was not considered to be more likely than not and accordingly, a full valuation allowance against the tax benefit has been recorded.

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Sep. 30, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	NOTE 9. RELATED-PARTY TRANSACTIONS
	Pulse Entertainment Corporation entered into an Asset Transfer and Assignment Agreement (the “Transfer Agreement”) with Tradition Studios I.P. Acquisition Inc., (“Tradition”) in April 2014. The agreement is effective as of the inception date of Pulse Entertainment and included the transfer of property and equipment with a historical cost of approximately $14,000 and general liabilities with a historical cost of approximately $81,100, resulting in a transfer of net liabilities of approximately $67,000. As of the effective date of the Transfer Agreement, the Executive Chairman of Pulse Entertainment had a majority control of Pulse Entertainment and also had majority control of Tradition. The transfer of assets and liabilities was considered a common control transaction in accordance with the accounting guidance in ASC Topic 605-35, Business Combinations. As such, Pulse Entertainment recorded the assets and liabilities at historical cost at the time of the transfer with a charge against equity in additional paid in capital for the net liabilities at the time of transfer. The liability of $81,100 was paid in July 2014 to another entity controlled by the Executive Chairman.
	In August 2014, the Company’s board of directors approved payments of director fees for fiscal year 2015. All director fees for the fiscal year 2015 totaling $100,000 were paid as of September 30, 2014.

Subsequent_Events

Subsequent Events	3 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	NOTE 10. SUBSEQUENT EVENTS
	In October 2014, the Company sold 2,622,679 shares of its common stock at an average price of $0.62 per shares for aggregate, gross proceeds of $1,626,060.
	In October 2014, under the terms of the Share Exchange Agreement as more fully disclosed in Note 8 – Capitalization, the Company issued 15,135,973 shares of its unregistered common stock to shareholders of Pulse Entertainment in exchange for 2,732,869 shares of its common stock raising its ownership percentage in Pulse Entertainment to 93.8%.
	In October 2014, the Company entered into a multi-year agreement with the Estate of Marilyn Monroe, LLC (“the Monroe Estate”) to develop for the Monroe Estate entertainment projects to utilize a realistic computer-generated image of Marilyn Monroe. The likeness will be used to create entertainment and branding revenue opportunities for us, generated from holographic performances in live shows and commercials. The Monroe Estate holds the likeness, appearance, and publicity rights of Marilyn Monroe. Under the terms of the agreement, the Company issued 2,800,000 shares of common stock to the Monroe Estate and provides the option to put the shares back to the Company on or before a certain date in the future in exchange for cash.
	In October 2014, the Company entered into a consulting agreement with a third party to provide executive leadership in the formation of a new division of the Company. Under the terms of the agreement, the consultant will provide services in the development of a business plan, technology planning, and fundraising. Under the term of the agreement, the consultant is to provide services for six months and is to be paid a monthly base payment of $10,000, with additional amounts to be paid under certain performance conditions. If certain performance targets, as defined in the agreement, are met, the Company would create a newly formed subsidiary and the consultant would become the Chief Executive Officer of the newly developed subsidiary. Additionally, beginning upon the execution of this agreement, the consultant became a member of the Company’s advisory board and was granted 1,152,000 shares of the Company’s restricted common stock which vest quarterly in equal installments over a two year period.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Nature of Business	'
	Nature of Business
	Pulse Evolution Corporation was incorporated on May 31, 2013 under the laws of the State of Nevada under the name QurApps, Inc. During fiscal 2014, the Company was planning on developing a mobile software food recipe app until the Company’s controlling shareholder sold his interest in the Company on May 15, 2014. In anticipation of this change of control, the Company changed its name to Pulse Evolution Corporation effective May 8, 2014.
	The Company is in the early stages of becoming a creatively driven, digital production and intellectual property company that expects to produce specialized, high-impact applications of computer-generated human likeness for utilization in entertainment, life sciences, education and telecommunication. Founded by leading producers of photorealistic digital humans, the Company plans to develop “virtual humans” for live and holographic concerts, advertising, feature films, branded content, medical applications and training. The Company’s business model is focused on participation in intellectual property through the development, production and ownership of entertainment properties featuring globally recognized animated virtual performers and through multi-year revenue-share relationships with living celebrities and late celebrity estates. In May 2014, the Company signed a letter of intent to exchange at least a majority of its unissued shares of common stock for 100% of the outstanding common stock of Pulse Entertainment Corporation, a related party (“Pulse Entertainment”). Pulse Entertainment is engaged in the business the Company plans to pursue. In late 2013, Pulse Entertainment entered into a multi-year agreement with the estate of Michael Jackson to produce a photo-realistic digital likeness of the late celebrity and to participate in a share of revenues that could be realized through performances of the ‘Virtual Michael Jackson’ in diverse entertainment and media applications. In August 2014, the Company entered into a multi-year agreement with ABG EPE IP, LLC (“ABG”), the principal owner of rights related to the estate of the late celebrity Elvis Presley to produce a photo-realistic digital likeness of the late celebrity and to participate in a share of revenues that could be realized through performances of the ‘Virtual Elvis Presley’ in diverse entertainment and media applications. In October 2014, the Company entered into a multi-year agreement with the estate of the late celebrity Marilyn Monroe to produce a photo-realistic digital likeness of the late celebrity and to participate in a share of revenues that could be realized through performances of the ‘Virtual Marilyn Monroe’ in diverse entertainment and media applications.
Acquisition of Pulse Entertainment	'
	Acquisition of Pulse Entertainment
	The Company entered into a share exchange agreement on September 26, 2014 (the “Share Exchange Agreement”) with Pulse Entertainment in which the Company agreed to issue up to 58,362,708 shares of its unregistered common stock, $0.001 par value (the “Common Stock”) to the shareholders of Pulse Entertainment holding 21,535,252 shares of its issued and outstanding common stock (the “Share Exchange”), such shares representing 100% of the issued and outstanding common stock of Pulse Entertainment. Upon closing of the transaction, Pulse Entertainment will become a subsidiary of the Company and the total shares of common stock outstanding are expected to be 146,280,014. On September 30, 2014, the Company completed the initial closing under the Share Exchange Agreement pursuant to which it agreed to issue 35,827,309 shares of its unregistered Common Stock, net of cancellations, to the shareholders of Pulse Entertainment in exchange for 17,466,383 shares of its common stock. As part of the Share Exchange, certain of the Company’s shareholders who are also shareholders of Pulse Entertainment canceled 60,910,113 shares of the Company’s common stock previously issued to them in connection with the Share Exchange. Upon completion of the initial closing, Pulse Entertainment became a subsidiary of the Company in which the Company owns an 81.1% interest. The remaining 4,068,869 shares of Pulse Entertainment common stock may be exchanged by the Pulse Entertainment Shareholders pursuant to the Share Exchange Agreement for 22,535,399 shares of the Company’s unregistered common stock. In the event these shares are exchanged, Pulse Entertainment will become a wholly owned subsidiary of the Company.
Recapitalization	'
	Recapitalization
	The Company’s acquisition of Pulse Entertainment was accounted for as a recapitalization of Pulse Entertainment since the shareholders of Pulse Entertainment obtained voting and managing control of the Company. Pulse Entertainment was the acquirer for financial reporting purposes and Pulse Evolution was the acquired company. Consequently, the consolidated financial statements after completion of the acquisition include the assets and liabilities of both Pulse Evolution and Pulse Entertainment, the historical operations of Pulse Entertainment and their consolidated operations from the September 30, 2014 closing date of the acquisition. Pulse Entertainment retroactively applied its recapitalization pursuant to the terms of the Share Exchange Agreement for all periods presented in the accompanying consolidated financial statements.
	Because Pulse Entertainment is the acquirer for financial reporting purposes, no comparative prior year data is presented due to Pulse Entertainment’s incorporation occurring on October 10, 2013 in the state of Delaware.
Liquidity	'
	Liquidity
	The Company has been highly dependent on raising capital to fund its start-up and growth strategies. To date, the Company has raised capital from the sales of its common stock without restrictive covenants from institutional investors and strategic partners (See Note 8 - Capitalization). On September 30, 2014, the Company and Pulse Entertainment completed an initial closing under the terms of a share exchange agreement they entered into whereby Pulse Entertainment became a subsidiary of the Company.
	The Company’s core business is the acquisition from estates and other rights holders of certain intellectual property rights to create virtual celebrities, and the right to present, and license to others to present, those virtual performers in live, and a variety of live-virtual and commercial formats.
	In execution of its business plan, the Company has considered various models for executing its business plan. Originally, the Company intended to focus on providing virtual performers for appearances and collecting royalties when the Company has an ownership interest in the intellectual property rights for the virtual performer (the “Talent Model”). Under the Talent Model, the Company would permit other producers to create performances that make use of virtual performers created by the Company.
	Subsequently, the Company decided to explore and develop opportunities to act as a producer of events (the “Producer Model”), thereby enabling the company to exert significant creative and technological control over the performance productions, and to capture significantly greater portions of the realizable economic value created by the virtual performance.
	Under both models, the Company expects to generate revenues and/or positive operating cash-flow on all digital construction, animation, and production services that it provides, plus royalties when the work involves intellectual property rights held by the Company. Under both models, the Company has significant discretion to determine to what extent the creative and production resources, which are primarily labor costs, are engaged on an as-needed basis for each project or production (“Contract Staffing”), and to what extent the Company carries a concentration of creative and production resources in-house (“In-House Staffing”).
	While execution of the Producer Model enables the Company to capture more of the value created by the virtual performers, it also requires the Company to raise significant amounts of production capital, which is similar to project financed equity or non-recourse debt into production subsidiaries. Executing this model with In-house Staffing gives the Company certain strategic advantages and flexibility in the development of new concepts and application of new technologies, yet it also requires a higher employee headcount and the related operating overhead.
	The Company’s ability to fund its operations and meet its obligations on a timely basis is dependent on its ability to match the available financial resources to its operating model (Talent vs. Producer) and its execution strategy (Contract Staffing vs. In-House Staffing). The decisions the Company makes with regard to operating model and execution strategy drive the capital and liquidity requirements.
	The Company is currently operating under the Producer Model with significant In-House Staffing resources. Consequently, the Company is heavily reliant upon raising equity capital to finance our operations, meet our working capital requirements and finance productions. To the extent that full development of the Company’s growth opportunities also requires forming strategic alliances, we are prepared to do so.
	If, however, the Company is unable to successfully raise sufficient additional capital and generate cash flow from operations, the Company would likely have to reduce its dependence on In-House Staffing and limit many, if not all, of the its activities as a producer.
Basis of Presentation and Consolidation	'
	Basis of Presentation and Consolidation
	These unaudited condensed consolidated interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) in accordance with the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, these financial statements contain all adjustments, consisting of normal recurring adjustments, necessary to present fairly the financial position, results of operations and cash flows for the periods presented. The results of operations for the interim periods presented are not necessarily indicative of the results that may be expected for the full year.
	The accompanying condensed consolidated financial statements include the accounts of Pulse Evolution Corporation, its majority-owned subsidiary Pulse Entertainment Corporation and its wholly-owned subsidiary The Kopp Initiative, LLC. All significant intercompany accounts and transactions have been eliminated in consolidation.
	The Company retroactively applied its recapitalization per the Share Exchange Agreement for all periods presented in the accompanying unaudited condensed consolidated financial statements.
Reclassifications	'
	Reclassifications
	The accompanying condensed consolidated financial statements include certain reclassifications of amounts in the June 30, 2014 financial statements in order to conform to the September 30, 2014 presentation.
Revenue Recognition	'
	Revenue Recognition
	We have entered into a production services agreement with the estate of a deceased celebrity that provide revenues based on certain production services. Revenue is recognized on a straight-line basis over each contract period, as defined in each agreement. As the production services are rendered, revenue is recognized.
Stock-based Compensation	'
	Stock-based Compensation
	ASC 718, “Compensation-Stock Compensation” requires recognition in the financial statements of the cost of employee services received in exchange for an award of equity instruments over the period the employee is required to perform the services in exchange for the award (presumptively the vesting period). We measure the cost of employee services received in exchange for an award based on the grant-date fair value of the award. We account for non-employee share-based awards based upon ASC 505-50, “Equity-Based Payments to Non-Employees.” ASC 505-50 requires the costs of goods and services received in exchange for an award of equity instruments to be recognized using the fair value of the goods and services or the fair value of the equity award, whichever is more reliably measurable. The fair value of the equity award is determined on the measurement date, which is the earlier of the date that a performance commitment is reached or the date that performance is complete. Generally, our awards do not entail performance commitments. When an award vests over time such that performance occurs over multiple reporting periods, we estimate the fair value of the award as of the end of each reporting period and recognize an appropriate portion of the cost based on the fair value on that date. When the award vests, we adjust the cost previously recognized so that the cost ultimately recognized is equivalent to the fair value on the vesting date, which is presumed to be the date performance is complete.
Income Taxes	'
	Income Taxes
	The Company uses the asset and liability method of accounting for income taxes. Under this method, deferred income taxes are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to be applied to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred taxes of a change in tax rates is recognized in income in the period that includes the enactment date.
Foreign Currency Translation	'
	Foreign Currency Translation
	The Company has adopted the US dollar as its functional and reporting currency because most of its transactions are denominated in US currency.
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments
	The Company determines the fair value of its financial instruments using the Black-Scholes option pricing model and utilized the following assumptions for determination of the fair value of its financial instrument as of September 30, 2014:
	Fair value of exchange warrants option	September 30, 2014			30-Jun-14
	Number of shares		2,800,000
	Fair value of option	$	476,000			-
	Term in years		1.61			-
	Risk-free interest rate		0.34	%		-
	Volatility		76.63	%		-
	Dividend rate		0	%		-
Earnings Per Share	'
	Earnings per Share
	Basic earnings per share are computed based upon the weighted-average number of shares outstanding, including nominal issuances of common share equivalents, for each period presented. Fully-diluted, earnings per share is computed based upon the weighted-average number of shares and dilutive share equivalents outstanding for each period presented. Due to the Company’s net losses for the three months ended September 30, 2014, the inclusion of dilutive common share equivalents in the calculation of diluted earnings per share would be anti-dilutive. Thus, the common share equivalents have been excluded from the computation of diluted earnings per share for the three months ended September 30, 2014. These common stock equivalents include exchange warrants for shares of the Company’s common stock and rights to exchange shares of Pulse Entertainment Corporation common stock for shares of the Company’s common stock.
	The potential dilutive securities outstanding that were excluded from the computation of diluted net loss per share for the following periods, because their inclusion would have had an anti-dilutive effect, are summarized as follows:
		Three Months Ended
		30-Sep-14
	Share exchange right of subsidiary shareholders		22,535,399
	Exchange warrants option		2,800,000
	Total		25,335,399
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	On May 28, 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09 (ASU 2014-09), Revenue from Contracts with Customers. ASU 2014-09 will eliminate transaction- and industry-specific revenue recognition guidance under current U.S. GAAP and replace it with a principle based approach for determining revenue recognition. ASU 2014-09 will require that companies recognize revenue based on the value of transferred goods or services as they occur in the contract. The ASU also will require additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. ASU 2014-09 is effective for reporting periods beginning after December 15, 2016, and early adoption is not permitted. Entities can transition to the standard either retrospectively or as a cumulative-effect adjustment as of the date of adoption. Management is currently evaluating the impact, if any, on adopting ASU 2014-09 on our results of operations or financial condition.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Sep. 30, 2014
Summary Of Significant Accounting Policies Tables	'
Schedule of Fair Value Assumptions	'
	The Company determines the fair value of its financial instruments using the Black-Scholes option pricing model and utilized the following assumptions for determination of the fair value of its financial instrument as of September 30, 2014:
	Fair value of exchange warrants option	September 30, 2014			30-Jun-14
	Number of shares		2,800,000
	Fair value of option	$	476,000			-
	Term in years		1.61			-
	Risk-free interest rate		0.34	%		-
	Volatility		76.63	%		-
	Dividend rate		0	%		-
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	'
	The potential dilutive securities outstanding that were excluded from the computation of diluted net loss per share for the following periods, because their inclusion would have had an anti-dilutive effect, are summarized as follows:
		Three Months Ended
		30-Sep-14
	Share exchange right of subsidiary shareholders		22,535,399
	Exchange warrants option		2,800,000
	Total		25,335,399

Property_Equipment_Tables

Property & Equipment (Tables)	3 Months Ended
	Sep. 30, 2014
Property, Plant and Equipment [Abstract]	'
Schedule of Property & Equipment	'
	Property and equipment as of September 30, 2014 and June 30, 2014 consist of the following:
		30-Sep-14			30-Jun-14
	Computers and other equipment	$	11,179		$	9,805
	Furniture and fixtures		14,061			14,061
	Total property and equipment, cost		25,240			23,866
	Less accumulated depreciation		(2,041	)		(980	)
	Total property and equipment, net	$	23,199		$	22,886

Accrued_Liabilities_Tables

Accrued Liabilities (Tables)	3 Months Ended
	Sep. 30, 2014
Accrued Liabilities Tables	'
Schedule of Accrued Liabilities	'
	Accrued liabilities as of September 30, 2014 and June 30, 2014 consist of the following:
		30-Sep-14		30-Jun-14
	Payroll and payroll related liabilities	$	276,650	$	132,732
	Due to advisor		-		456,653
	Other accrued expenses		98,454		87,135
	Total accrued expenses	$	375,104	$	676,520

NonControlling_Interests_Table

Non-Controlling Interests (Tables)	3 Months Ended
	Sep. 30, 2014
Non-controlling Interests Tables	'
Schedule of Redeemable Noncontrolling Interest Considered Level Three	'
	Changes in the non-controlling interest amounts of our subsidiaries for the three months ended September 30, 2014 were as follows:
	Balance at June 30, 2014	$	141,654
	Net loss attributable to non-controlling interests		(516,853	)
	Balance at September 30, 2014	$	(375,199	)

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details Narrative) (USD $)	0 Months Ended
	Sep. 30, 2014	Sep. 26, 2014
Business acquisition percentage and Ownership interest rate	100.00%	'
Pulse Entertainment Corporation [Member]	'	'
Business acquisition percentage and Ownership interest rate	81.10%	'
Equity issuance price per share	'	$0.00
Number of unregistered common stock issued during period	'	58,362,708
Number of shares issued and outstanding	'	21,535,252
Percentage of shares issued and outstanding	'	100.00%
Expected common stock outstanding	'	146,280,014
Number of unregistered common stock issued for cancellation	35,827,309	'
Exchange of cancellations stock common stock issued during period	17,466,383	'
Agreed to cancellations of stock for share exchange	60,910,113	'
Remaining shares exchanged for share exchange agreement	4,068,869	'
Common stock exchange for unregistered common stock	22,535,399	'

Summary_of_Significant_Account4

Summary of Significant Accounting Policies - Schedule of Fair Value Assumptions (Details) (Warrant [Member], USD $)	3 Months Ended	18 Months Ended
	Sep. 30, 2014	Dec. 31, 2014
Warrant [Member]	'	'
Number of shares	2,800,000	'
Fair value of option	$476,000	'
Term in years	'1 year 7 months 10 days	'
Risk-free interest rate	0.34%	'
Volatility	76.63%	'
Dividend rate	0.00%	'

Summary_of_Significant_Account5

Summary of Significant Accounting Policies - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details)	3 Months Ended
	Sep. 30, 2014
Anti-dilutive securities outstanding excluded from computation of diluted net loss per share	25,335,399
Share Exchange Right of Subsidiary Shareholders [Member]	'
Anti-dilutive securities outstanding excluded from computation of diluted net loss per share	22,535,399
Exchange Warrants Option [Member]	'
Anti-dilutive securities outstanding excluded from computation of diluted net loss per share	2,800,000

Property_Equipment_Details_Nar

Property & Equipment (Details Narrative) (USD $)	3 Months Ended	12 Months Ended
	Sep. 30, 2014	Jun. 30, 2014
Property Equipment Details Narrative	'	'
Property and equipment estimated useful lives	'5 years	'7 years
Depreciation expense	$1,061	'

Property_Equipment_Schedule_of

Property & Equipment - Schedule of Property & Equipment (Details) (USD $)	Sep. 30, 2014	Jun. 30, 2014
Property Equipment - Schedule Of Property Equipment Details	'	'
Computers and other equipment	$11,179	$9,805
Furniture and fixtures	14,061	14,061
Total property and equipment, cost	25,240	23,866
Less accumulated depreciation	-2,041	-980
Total property and equipment, net	$23,199	$22,886

Intangible_Other_Assets_Detail

Intangible & Other Assets (Details Narrative) (USD $)	3 Months Ended
	Sep. 30, 2014
Intangible Other Assets Details Narrative	'
Agreement unamortized remain period	'48 months
Due from two affiliates	$6,200

Accrued_Liabilities_Schedule_o

Accrued Liabilities - Schedule of Accrued Liabilities (Details) (USD $)	Sep. 30, 2014	Jun. 30, 2014
Accrued Liabilities - Schedule Of Accrued Liabilities Details	'	'
Payroll and payroll related liabilities	$276,650	$132,732
Due to advisor	'	456,653
Other accrued expenses	98,454	87,135
Total accrued expenses	$375,104	$676,520

NonControlling_Interests_Detai

Non-Controlling Interests (Details Narrative) (USD $)	3 Months Ended		0 Months Ended
	Sep. 30, 2014	Jun. 30, 2014	Sep. 30, 2014
			Pulse Entertainment Corporation [Member]
Net loss	($3,483,937)	'	'
Accumulated deficit	-11,432,150	-8,465,066	2,734,674
Percentage of common stock outstanding	'	'	81.10%
Percentage of common stock remaining	'	'	18.90%
Net income attributable to non-controlling interest	$516,853	'	'

NonControlling_Interests_Sched

Non-Controlling Interests - Schedule of Redeemable Noncontrolling Interest Considered Level Three (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Non-controlling Interests - Schedule Of Redeemable Noncontrolling Interest Considered Level Three Details	'
Balance at the beginning	$141,654
Net loss attributable to non-controlling interests	-516,853
Balance at the end	($375,199)

Commitments_and_Contingencies_

Commitments and Contingencies (Details Narrative) (USD $)	0 Months Ended	1 Months Ended	3 Months Ended
	Jun. 30, 2014	Sep. 30, 2014	Sep. 30, 2014
Office space leased under non-cancelable operating leases, expiration date	'	'	31-Mar-15
Monthly lease expense	'	'	$12,000
Remaining obligation under the lease	'	'	72,000
Total rent expense	'	'	58,200
Percentage of success fee for all investments introduced by Advisor	'	'	6.00%
Percentage of underlying shares issued in transactions	'	'	3.00%
Shares earned by Advisor	488,830	'	'
Common stock, shares issued	224,869	'	'
Liability recognized for portion of shares not issued	456,653	'	'
Shares issued in payment of liability	'	1,461,946	'
Maximum potential equity consideration	'	200,000	'
Stock options exercise price	'	$1.73	$1.73
Maximum potential equity consideration, options immediately upon execution of Agreement	'	100,000	'
Maximum potential equity consideration, options if certain performance targets achieved	'	50,000	'
Monthly payment to consultant for service provided	'	12,500	'
Future minimum payments due for future profit sharing under the contract	'	4,000,000	4,000,000
Month-To-Month Basis for Production Operations [Member]	'	'	'
Monthly lease expense	'	'	$8,300
II Agreement [Member]	'	'	'
Percentage of success fee for all investments introduced by Advisor	'	'	11.00%
Percentage of underlying shares issued in transactions	'	'	3.00%
Percentage of cash fee reduced	'	'	6.00%

Capitalization_Details_Narrati

Capitalization (Details Narrative) (USD $)	0 Months Ended	1 Months Ended	3 Months Ended
	Jun. 30, 2014	Sep. 30, 2014	Sep. 30, 2014
		Payments
Common stock issued for cash	'	'	$4,919,356
Common stock at average price	'	$0.45	$0.45
Gross proceeds on sale of common stock	'	'	2,225,000
Net proceeds on sale of common stock	'	'	2,156,720
Net proceeds from investor under securities purchase agreement	'	'	152,023
Ownership interest percentage	'	100.00%	100.00%
Percentage of success fee for all investments introduced by Advisor	'	'	6.00%
Percentage of underlying shares issued in transactions	'	'	3.00%
Shares earned by Advisor	488,830	'	'
Common stock, shares issued	224,869	'	'
Liability recognized for portion of shares not issued	456,653	'	'
Shares issued in payment of liability	'	1,461,946	'
Par value of stock	$0.00	$0.00	$0.00
Additional paid in capital	9,116,789	12,558,150	12,558,150
Non-refundable monthly payments to consultant	'	30,000	'
Number of non-refundable monthly payments	'	3	'
Payment to consultant description	'	'	'
		quarterly restricted stock grants equal to one-half of one percent of the outstanding shares of common stock of the Company each quarter to a maximum of two and one-half percent of the outstanding shares of common stock.
Stock compensation expense	'	368,305	'
Stock compensation expense upon issuance of common stock	'	594,039	'
Fees percent in qualified financing transaction	'	10.00%	'
Exchange of Stock for Stock [Member]	'	'	'
Shares exchanged	'	'	17,466,383
Cancelled shares issuable in connection with Share Exchange	'	'	60,910,113
Ownership interest percentage	'	81.10%	81.10%
Remaining balance of shares issued for exchange	'	'	4,068,869
Shares earned by Advisor during period	'	'	30,000
Par value of stock	'	$1,462	$1,462
Additional paid in capital	'	455,191	455,191
Value of stock recorded as reduction to additional paid in capital	'	$18,600	$18,600
Unregistered Common Stock [Member]	'	'	'
Shares issued of unregistered Common Stock, net of cancellations	'	'	35,827,309
Remaining balance of shares exchanged	'	'	22,535,399

Income_Taxes_Details_Narrative

Income Taxes (Details Narrative) (USD $)	Sep. 30, 2014
Federal [Member]	'
Net operating loss carryforwards	$0
State [Member]	'
Net operating loss carryforwards	0
Local [Member]	'
Net operating loss carryforwards	$0

Related_Party_Transactions_Det

Related Party Transactions (Details Narrative) (USD $)	3 Months Ended	1 Months Ended
	Sep. 30, 2014	Apr. 30, 2014
	Board of Directors [Member]	Asset Transfer and Assignment Agreement [Member]
Transfer of property and equipment with a historical cost	'	$14,000
Transfer of general liabilities with historical cost	'	81,100
Transfer of net liabilities	'	67,000
Payment to related parties	$100,000	$81,100

Subsequent_Events_Details_Narr

Subsequent Events (Details Narrative) (USD $)	1 Months Ended	3 Months Ended		3 Months Ended		1 Months Ended		1 Months Ended
	Sep. 30, 2014	Sep. 30, 2014	Jun. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Oct. 31, 2014	Oct. 31, 2014	Oct. 31, 2014	Oct. 31, 2014	Oct. 31, 2014
				Exchange of Stock for Stock [Member]	Unregistered Common Stock [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]
							Multi-Year Agreement with Estate of Marilyn Monroe, LLC [Member]	Consulting Agreement with Third Party [Member]	Exchange of Stock for Stock [Member]	Unregistered Common Stock [Member]
Common stock sold for cash	'	$4,919,356	'	'	'	$2,622,679	'	'	'	'
Common stock at average price	$0.45	$0.45	'	'	'	$0.62	'	'	'	'
Gross proceeds on sale of common stock	'	2,225,000	'	'	'	1,626,060	'	'	'	'
Shares issued of unregistered Common Stock, net of cancellations	'	'	'	'	35,827,309	'	'	'	'	15,135,973
Shares exchanged	'	'	'	17,466,383	'	'	'	'	2,732,869	'
Common stock shares issued	116,632,690	116,632,690	109,627,349	'	'	'	2,800,000	'	'	'
Consultant service period	'	'	'	'	'	'	'	'6 months	'	'
Monthly payment to consultant for service provided	$12,500	'	'	'	'	'	'	$10,000	'	'
Restricted common stock shares granted to consultant	'	'	'	'	'	'	'	1,152,000	'	'