Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2014 |
Accounting Policies [Abstract] | ' |
Unaudited Interim Financial Infromation | ' |
Unaudited Interim Financial Information |
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The accompanying Balance Sheet as of September 30, 2014, Statements of Operations for the three months ended September, 30, 2014 and 2013, for the nine months ended September 30, 2014, for the period from June 27, 2013 (inception) to September 30, 2013, and cumulative from June 27, 2013 (Inception) to September 30, 2014, Statement of Stockholder’s (Deficit) for the cumulative period from June 27, 2013 (Inception) to September 30, 2014, and the Statements of Cash Flows for the nine months ended September 30, 2014, for the period from June 27, 2013 (inception) to September 30, 2013, and cumulative from June 27, 2013 (Inception) to September 30, 2014, are unaudited. These unaudited interim financial statements have been prepared in accordance with accounting principles accepted in the United States of America (“GAAP”). In the opinion of the company’s management, the unaudited interim financial statements have been prepared on the same basis as the audited financial statements and included all adjustments necessary for the fair presentation of the Company’s statement of financial position at September 30, 2014 and its results of operations and its cash flows for the period ended September 30, 2014 and cumulative from June 27, 2013 (inception) to September 30, 2014. The results for the period ended September 30, 2014 are not necessarily indicative of the results to be expected for the fiscal year ending December 31, 2014. |
Organization | ' |
Organization |
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Stream Flow Media, Inc. (“Company” or “Stream Flow”) was incorporated under the laws of the State of Colorado on June 27, 2013. The Company amended its Articles of Incorporation on December 5, 2013 to increase its authorized capital in preparation of obtaining a listing on the OTC Bulletin Board. |
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Stream Flow is a development stage gaming and gamification training business focused on developing online gaming and media solutions catering specifically to customer loyalty and retention (“CL&R”) applications, including corporate training solutions. Stream Flow utilizes proprietary technology created by its founder over the past few years to develop applications that are specifically branded towards the client’s business and unique needs. Gregory Galanis, our President and CEO, retains full ownership of this proprietary technology but has exclusively licensed it to Stream Flow at no cost as long as Mr. Galanis is employed by Stream Flow. Applications created using this technology and new technologies currently under development by Stream Flow may be used on mobile devices, social media networks, and web-based platforms. In addition to developing CL&R application for its clients, Stream Flow is also developing its own gaming applications that will be marketed under its own brand. |
Basis of Presentation | ' |
Basis of Presentation |
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The accompanying financial statements have been prepared in accordance with United States Generally Accepted Accounting Principles (“US GAAP”) for financial information and in accordance with the Securities and Exchange Commission’s (“SEC”) Regulation S-X. They reflect all adjustments which are, in the opinion of the Company’s management, necessary for a fair presentation of the financial position and operating results as of September 30, 2014 and for the period June 27, 2013 (inception) to September 30, 2014. |
Use of Estimates | ' |
Use of Estimates |
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The accompanying financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America. Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates which have been made using careful judgment.Actual results may vary from these estimates. |
Cash and Cash Equivalents | ' |
Cash and Cash Equivalents |
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For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents. As of September 30, 2014 and December 31, 2013, the Company had no cash equivalents. |
Investments | ' |
Investments |
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The Company accounts for its marketable securities, which are classified as trading securities, in accordance with generally accepted accounting principles for certain investments in debt and equity securities, which requires that trading securities be carried at fair value. Unrealized gains and losses due to changes in fair value as well as realized gains and losses resulting from sales of securities are reported as Other Income/Expenses in the statement of operations. Fair value of the securities is based upon quoted market prices in active markets or estimated fair value when quoted market prices are not available. The cost basis for realized gains and losses is determined on a specific identification basis. As of September 30, 2014 and December 31, 2013, the Company had no investments. |
Fair Value of Financial Instruments | ' |
Fair Value of Financial Instruments |
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ASC 820, “Fair Value Measurements” and ASC 825, Financial Instruments, requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. It establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. It prioritizes the inputs into three levels that may be used to measure fair value: |
Level | | Description | | | | | | | | | | | | | | |
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Level 1 | | Applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. | | | | | | | | | | | | | | |
Level 2 | | Applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. | | | | | | | | | | | | | | |
Level 3 | | Applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. | | | | | | | | | | | | | | |
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The estimated fair values of the Company’s financial instruments as of September 30, 2014 are as follows: |
| | Fair Value Measurement at September 30, 2014 Using: |
Description | | 9/30/14 | | Quoted Prices In Active Markets For Identical Assets | | Significant Other Observable Inputs | | Significant Unobservable Inputs |
(Level 1) | (Level 2) | (Level 3) |
Assets | | | | | | | | | | | | | | | | |
Cash and equivalents | | $ | 523 | | | $ | 523 | | | $ | — | | | $ | — | |
| | $ | 523 | | | $ | 523 | | | $ | — | | | $ | — | |
Liabilities | | | | | | | | | | | | | | | | |
Accounts payable | | $ | 43,575 | | | $ | 43,575 | | | $ | — | | | $ | — | |
Note payable to related party | | | 100 | | | | 100 | | | | | | | | | |
Deferred revenue | | | 6,000 | | | | 6,000 | | | | — | | | | — | |
| | $ | 49,675 | | | $ | 49,675 | | | $ | — | | | $ | — | |
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The estimated fair values of the Company’s financial instruments as of December 31, 2013 are as follows: |
| | Fair Value Measurement at December 31, 2013 Using: |
Description | | 12/31/13 | | Quoted Prices In Active Markets For Identical Assets | | Significant Other Observable Inputs | | Significant Unobservable Inputs |
(Level 1) | (Level 2) | (Level 3) |
Assets | | | | | | | | |
Cash and equivalents | | $ | 100 | | | $ | 100 | | | $ | — | | | $ | — | |
| | $ | 100 | | | $ | 100 | | | $ | — | | | $ | — | |
Liabilities | | | | | | | | | | | | | | | | |
Accounts payable | | $ | 75 | | | $ | 75 | | | $ | — | | | $ | — | |
Note payable to related party | | | 100 | | | | 100 | | | | — | | | | — | |
| | $ | 175 | | | $ | 175 | | | $ | — | | | $ | — | |
Net Loss per Share Calculation | ' |
Net Loss per Share Calculation |
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Basic net loss per common share is computed by dividing the net loss attributable to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per shares is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. During the period June 27, 2013 (inception) to September 30, 2014 the Company had no dilutive financial instruments issued or outstanding. |
Revenue Recognition | ' |
Revenue Recognition |
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The Company follows the guidance of FASB ASC Topic 605 for revenue recognition. In general, the Company recognizes revenue when (1) the price is fixed and determinable, (2) persuasive evidence of an arrangement exists, (3) the service has been provided, and (4) collectability is reasonably assured. |
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The Company generates revenue from two sources: (i) sales of value added features (e.g. purchase of extra lives, status symbols, or entry into competitions with tangible prizes) to its gaming applications and (ii) developing privately branded gamification applications for third party usage and licensing. Revenue from sales of value added features is recognized at the time of the sale and revenues from developing services are recognized when the services are performed, evidence of an arrangement exists, the fee is fixed and determinable, and collectability is probable. |
Income Taxes | ' |
Income Taxes |
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The Company accounts for income taxes pursuant to FASB ASC 740, Income Taxes. Under FASB ASC 740-10-25, deferred tax assets and liabilities are determined based on temporary differences between the bases of certain assets and liabilities for income tax and financial reporting purposes. The deferred tax assets and liabilities are classified according to the financial statement classification of the assets and liabilities generating the differences. |
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The Company maintains a valuation allowance with respect to deferred tax assets. The Company establishes a valuation allowance based upon the potential likelihood of realizing the deferred tax asset and taking into consideration the Company’s financial position and results of operations for the current period. Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carryforward period under the Federal tax laws. |
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Changes in circumstances, such as the Company generating taxable income, could cause a change in judgment about its ability to realize the related deferred tax asset. Any change in the valuation allowance will be included in income in the year of the change in estimate. |
Fiscal Year | ' |
Fiscal Year |
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The Company elected December 31st for its fiscal year end. |