Ando (ADHG) 10-Q 18 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Mar. 31, 2016shares
Document and Entity Information
Entity Registrant Name	PC Mobile Media Corp.
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Entity Central Index Key	1,663,641
Current Fiscal Year End Date	--09-30
Entity Common Stock, Shares Outstanding	8,000,000
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	pcmc

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Mar. 31, 2016	Sep. 30, 2015
Current Assets
Cash	$ 550	$ 5,025
Total Current Assets	550	5,025
TOTAL ASSETS	550	5,025
Current Liabilities
Accounts payable and accrued expenses	1,250
Related party loans	6,518
Total Current Liabilities	7,768
TOTAL LIABILITIES	7,768
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock value	8,000	8,000
Additional paid-in capital
Accumulated deficit	(15,218)	(2,975)
Total Stockholders' Equity (Deficit)	(7,218)	5,025
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 550	$ 5,025

Balance Sheets (parenthetical)

Balance Sheets (parenthetical) - $ / shares	Mar. 31, 2016	Sep. 30, 2015
Balance Sheet
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	8,000,000	8,000,000
Common stock, shares outstanding	8,000,000	8,000,000

Condensed Statements of Operati

Condensed Statements of Operations - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2016	Mar. 31, 2016
Income Statement
Revenues
Operating Expenses
General and administrative expenses	1,325	1,943
Professional fees	5,200	10,300
Total expenses	6,525	12,243
Loss from operations	(6,525)	(12,243)
Provision for income taxes
Net income (loss)	$ (6,525)	$ (12,243)
Basic and diluted income (loss) per common share	$ 0	$ 0
Weighted average number of common shares outstanding	8,000,000	8,000,000

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows	6 Months Ended
	Mar. 31, 2016USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (12,243)
Changes in operating assets and liabilities:
Increase (decrease) in accounts payable and accrued expense	1,250
Net cash used in operating activities	(10,993)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from related party debt	6,518
Net cash provided by financing activities	6,518
Net increase (decrease) in cash	(4,475)
Cash, beginning of period	5,025
Cash, end of period	550
SUPPLEMENTAL DISCLOSURES
Interest paid
Income taxes paid

Nature of Operations

Nature of Operations	6 Months Ended
	Mar. 31, 2016
Notes
Nature of Operations	NOTE 1 - NATURE OF OPERATIONS PC Mobile Media Corp. (“PC Mobile Media Corp.” or the “Company”) was incorporated in the State of Nevada on August 22, 2015. The primary business of the company is to offer mobile billboard display advertising. Our mobile displays deliver a visual presentation that leaves the audience with an indelible impression.

Going Concern

Going Concern	6 Months Ended
	Mar. 31, 2016
Notes
Going Concern	NOTE 2 - GOING CONCERN The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. For the period from inception on August 22, 2015 through March 31, 2016, the Company had no operations. As of March 31, 2016, the Company had not emerged from the development stage. In view of these matters, the Company’s ability to continue as a going concern is dependent upon the Company’s ability to begin operations and to achieve a level of profitability. The Company intends on financing its future development activities and its working capital needs largely from the sale of public equity securities, with some additional funding from other traditional financing sources, including term notes, until such time that funds provided by operations are sufficient to fund working capital requirements. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	6 Months Ended
	Mar. 31, 2016
Notes
Basis of Presentation and Summary of Significant Accounting Policies	NOTE 3 - BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The financial statements present the balance sheets, and statements of operations and cash flows, of the Company. These financial statements are presented in United States dollars and have been prepared in accordance with accounting principles generally accepted in the United States. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s September 30, 2015 audited financial statements. The results of operations for the period ended March 31, 2016 are not necessarily indicative of the operating results for a full year. In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for: (a) the financial position; (b) the result of operations; and (c) cash flows, have been made in order to make the financial statements presented not misleading. The results of operations for such interim periods are not necessarily indicative of operations for a full year. Advertising Advertising costs are expensed as incurred. As of March 31, 2016 and September 30, 2015, no advertising costs have been incurred. Property The Company does not own or rent any property. The office space is provided by the CEO at no charge. On October 5, 2015, the Company signed a 5-year lease for the rental of a custom-built promotion/advertising exhibit vehicle at $200 per month with no interest. At March 31, 2016 and September 30, 2015, $1,200 and $0, respectively, has been accrued. Use of Estimates and Assumptions Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. Cash and Cash Equivalents For the 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 equivalent. At March 31, 2016 and September 30, 2015, the Company had $550 and $5,025 in cash, respectively. Revenue and Cost Recognition The Company recognizes revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: · · · Net Loss per Share Basic loss per share includes no dilution and is computed by dividing loss available to common stockholders by the weighted average number of common shares outstanding for the period. Dilutive loss per share reflects the potential dilution of securities that could share in the losses of the Company. Because the Company does not have any potentially dilutive securities, the accompanying presentation is only of basic loss per share. Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued that we adopt as of the specified effective date. We believe that the impact of recently issued standards that are not yet effective may have an impact on our results of operations and financial position. ASU Update 2014-09 Revenue from Contracts with Customers ASU Update 2014-15 Presentation of Financial Statements-Going Concern In February 2016, the FASB issued ASU No. 2016-02, Leases The amendments in ASU 2016-02 are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The Company is evaluating the potential impact of ASU 2016-02 on its Financial Statements.

Capital Stock Disclosure

Capital Stock Disclosure	6 Months Ended
	Mar. 31, 2016
Notes
Capital Stock Disclosure	NOTE 4 - CAPITAL STOCK The Company is authorized to issue an aggregate of 75,000,000 common shares with a par value of $0.001 per share. No preferred shares have been authorized or issued. At both March 31, 2016 and September 30, 2015, 8,000,000 common shares are issued and outstanding. On September 22, 2015, the Company issued 5,750,000 Founder’s shares at $0.001 per share (par value) for total cash of $5,750. On September 22, 2015, the Company issued 2,250,000 shares for services provided since inception. These shares were issued at $0.001 per share (par value) for services valued at $2,250. At March 31, 2016, there are no warrants or options outstanding to acquire any additional shares of common stock of the Company.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Mar. 31, 2016
Notes
Related Party Transactions	NOTE 5 - RELATED PARTY TRANSACTIONS At March 31, 2016 and September 30, 2015, the President has loaned the Company $6,518 and $0, respectively. The loans are payable on demand and carry no interest.

Subsequent Events

Subsequent Events	6 Months Ended
	Mar. 31, 2016
Notes
Subsequent Events	NOTE 6 - SUBSEQUENT EVENTS Management has evaluated subsequent events through August 16, 2016, the date the financial statements were available to be issued. Management is not aware of any significant events that occurred subsequent to the balance sheet date that would have a material effect on the financial statements thereby requiring adjustment or disclosure.

Basis of Presentation and Sum12

Basis of Presentation and Summary of Significant Accounting Policies: Basis of Presentation (Policies)	6 Months Ended
	Mar. 31, 2016
Policies
Basis of Presentation	Basis of Presentation The financial statements present the balance sheets, and statements of operations and cash flows, of the Company. These financial statements are presented in United States dollars and have been prepared in accordance with accounting principles generally accepted in the United States. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s September 30, 2015 audited financial statements. The results of operations for the period ended March 31, 2016 are not necessarily indicative of the operating results for a full year. In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for: (a) the financial position; (b) the result of operations; and (c) cash flows, have been made in order to make the financial statements presented not misleading. The results of operations for such interim periods are not necessarily indicative of operations for a full year.

Basis of Presentation and Sum13

Basis of Presentation and Summary of Significant Accounting Policies: Advertising Costs Policy (Policies)	6 Months Ended
	Mar. 31, 2016
Policies
Advertising Costs Policy	Advertising Advertising costs are expensed as incurred. As of March 31, 2016 and September 30, 2015, no advertising costs have been incurred.

Basis of Presentation and Sum14

Basis of Presentation and Summary of Significant Accounting Policies: Property Policy (Policies)	6 Months Ended
	Mar. 31, 2016
Policies
Property Policy	Property The Company does not own or rent any property. The office space is provided by the CEO at no charge. On October 5, 2015, the Company signed a 5-year lease for the rental of a custom-built promotion/advertising exhibit vehicle at $200 per month with no interest. At March 31, 2016 and September 30, 2015, $1,200 and $0, respectively, has been accrued.

Basis of Presentation and Sum15

Basis of Presentation and Summary of Significant Accounting Policies: Use of Estimates and Assumptions (Policies)	6 Months Ended
	Mar. 31, 2016
Policies
Use of Estimates and Assumptions	Use of Estimates and Assumptions Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

Basis of Presentation and Sum16

Basis of Presentation and Summary of Significant Accounting Policies: Cash and Cash Equivalents Policy (Policies)	6 Months Ended
	Mar. 31, 2016
Policies
Cash and Cash Equivalents Policy	Cash and Cash Equivalents For the 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 equivalent. At March 31, 2016 and September 30, 2015, the Company had $550 and $5,025 in cash, respectively.

Basis of Presentation and Sum17

Basis of Presentation and Summary of Significant Accounting Policies: Revenue and Cost Recognition Policy (Policies)	6 Months Ended
	Mar. 31, 2016
Policies
Revenue and Cost Recognition Policy	Revenue and Cost Recognition The Company recognizes revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: · · ·

Basis of Presentation and Sum18

Basis of Presentation and Summary of Significant Accounting Policies: Net Loss Per Share Policy (Policies)	6 Months Ended
	Mar. 31, 2016
Policies
Net Loss Per Share Policy	Net Loss per Share Basic loss per share includes no dilution and is computed by dividing loss available to common stockholders by the weighted average number of common shares outstanding for the period. Dilutive loss per share reflects the potential dilution of securities that could share in the losses of the Company. Because the Company does not have any potentially dilutive securities, the accompanying presentation is only of basic loss per share.

Basis of Presentation and Sum19

Basis of Presentation and Summary of Significant Accounting Policies: Recent Accounting Pronouncements (Policies)	6 Months Ended
	Mar. 31, 2016
Policies
Recent Accounting Pronouncements	Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued that we adopt as of the specified effective date. We believe that the impact of recently issued standards that are not yet effective may have an impact on our results of operations and financial position. ASU Update 2014-09 Revenue from Contracts with Customers ASU Update 2014-15 Presentation of Financial Statements-Going Concern In February 2016, the FASB issued ASU No. 2016-02, Leases The amendments in ASU 2016-02 are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The Company is evaluating the potential impact of ASU 2016-02 on its Financial Statements.

Basis of Presentation and Sum20

Basis of Presentation and Summary of Significant Accounting Policies: Property Policy (Details)	Mar. 31, 2016USD ($)
Details
Accrued expenses, 5-year lease of promotional vehicle	$ 1,200

Basis of Presentation and Sum21

Basis of Presentation and Summary of Significant Accounting Policies: Cash and Cash Equivalents Policy (Details) - USD ($)	Mar. 31, 2016	Sep. 30, 2015
Details
Cash	$ 550	$ 5,025

Capital Stock Disclosure (Detai

Capital Stock Disclosure (Details) - USD ($)	12 Months Ended
	Sep. 30, 2015	Mar. 31, 2016
Details
Common shares authorized	75,000,000	75,000,000
Par value of common shares	$ 0.001	$ 0.001
Common shares issued and outstanding		8,000,000
Common shares issued for cash	5,750,000
Proceeds from stock issuance	$ 5,750
Common shares issued for services provided	2,250,000
Value of services for stock provided	$ 2,250

Related Party Transactions (Det

Related Party Transactions (Details)	Mar. 31, 2016USD ($)
Details
Related party loans	$ 6,518