| Document and Entity Information | 9 Months Ended |
| Jun. 30, 2015 | |
| Document And Entity Information | |
| Entity Registrant Name | SIGNAL BAY, INC. |
| Entity Central Index Key | 715,788 |
| Document Type | S1 |
| Document Period End Date | Jun. 30, 2015 |
| Amendment Flag | false |
| Current Fiscal Year End Date | --09-30 |
| Is Entity a Well-known Seasoned Issuer? | No |
| Is Entity a Voluntary Filer? | No |
| Is Entity's Reporting Status Current? | Yes |
| Entity Filer Category | Smaller Reporting Company |
| Document Fiscal Year Focus | 2,015 |
| Balance Sheets - USD ($) | Jun. 30, 2015 | Sep. 30, 2014 |
| Current assets: | ||
| Cash or cash equivalents | $ 4,345 | |
| Accounts receivable | 4,900 | |
| Total current assets | 9,245 | $ 0 |
| Fixed assets: | ||
| Property and Equipment | 2,194 | |
| Software | 58,333 | |
| Furniture and Fixtures | 10,413 | |
| Intangible Assets | 34,750 | |
| Accumulated Depreciation | (10,680) | |
| Total Fixed Assets | 95,010 | $ 0 |
| Other assets: | ||
| Libra Wellness Center, LLC (4% ownership) | 40,000 | |
| Total Other Assets | 40,000 | $ 0 |
| Total assets | 144,255 | 0 |
| LIABILITIES AND SHAREHOLDER'S DEFICIT | ||
| Accounts payable | 11,375 | 46,289 |
| Loans payable- related party | 62,500 | 10,000 |
| Short Term Notes - related party | 40,000 | |
| Total liabilities | 113,875 | 56,289 |
| Shareholder's equity: | ||
| Class A Preferred Stock, Par Value $.0001, 1,850,000 authorized, 1,840,000 issued and outstanding, respectively | 184 | 184 |
| Class B Preferred Stock, Par Value $.0001, 5,000,000 authorized, 5,000,000 issued and outstanding, respectively | 500 | 500 |
| Common stock, par value $0.0001, 750,000,000 authorized, 351,967,345 and 290,144,844 issued and outstanding, respectively | 35,197 | 29,014 |
| Additional paid in capital | 1,168,416 | (32,364) |
| Accumulated deficit | (1,173,917) | (53,623) |
| Total shareholders' deficit | 30,380 | (56,289) |
| Total liabilities and shareholders' deficit | $ 144,255 | $ 0 |
| Balance Sheets (Parenthetical) - $ / shares | Jun. 30, 2015 | Sep. 30, 2014 |
| Balance Sheets Parenthetical | ||
| Class A Preferred Stock, Par Value | $ .0001 | $ 0.0001 |
| Class A Preferred Stock, Shares Authorized | 1,850,000 | 1,850,000 |
| Class A Preferred Stock, Shares Issued | 1,840,000 | 1,840,000 |
| Class A Preferred Stock, Shares Outstanding | 1,840,000 | 1,840,000 |
| Class B Preferred Stock, Par Value | $ 0.0001 | $ 0.0001 |
| Class B Preferred Stock, Shares Authorized | 5,000,000 | 5,000,000 |
| Class B Preferred Stock, Shares Issued | 5,000,000 | 5,000,000 |
| Class B Preferred Stock, Shares Outstanding | 5,000,000 | 5,000,000 |
| Common stock, par value | $ 0.0001 | $ 0.0001 |
| Common stock, shares authorized | 750,000,000 | 750,000,000 |
| Common stock, shares issued | 351,967,345 | 290,144,844 |
| Common stock, shares outstanding | 351,967,345 | 290,144,844 |
| Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended |
| Jun. 30, 2015 | Jun. 30, 2015 | |
| Statements Of Operations | ||
| Revenues, net | $ 6,399 | $ 16,812 |
| Gross Profit | 6,399 | 16,812 |
| Operating Expenses | ||
| SG&A | 320,939 | 1,126,426 |
| Depreciation and Amortization | 5,612 | 10,680 |
| Total operating expenses | 326,551 | 1,137,106 |
| Net Loss | $ (320,152) | $ (1,120,294) |
| Net loss per share, basic and diluted | $ 0 | $ 0 |
| Weighted average shares outstanding | 353,102,137 | 323,902,484 |
| Statements of Cash Flows (Unaudited) | 9 Months Ended |
| Jun. 30, 2015USD ($) | |
| Cash flows from operating activities | |
| Net loss | $ (1,120,294) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |
| Loss on Conversion of Debt | 90,000 |
| Stock based compensation | 907,880 |
| Depreciation | 10,680 |
| Change in operating assets and liabilities: | |
| Accounts payable | 5,086 |
| Accounts receivable | (4,900) |
| Net cash used in operating activities | (111,549) |
| Cash flows from investing activities | |
| Hardware and equipment purchased | (2,194) |
| Domain, website, and social media accounts purchase | (3,500) |
| Furniture and Fixtures | (10,413) |
| Net cash used in investing activities | (16,107) |
| Cash flows from financing activities | |
| Proceeds from issuance of common stock | 79,500 |
| Proceeds from related party advances | 52,500 |
| Net cash provided by financing activities | 132,000 |
| Net change in cash | $ 4,345 |
| Cash balance, beginning of period | |
| Cash balance, end of period | $ 4,345 |
| Supplemental disclosures: | |
| Cash paid for interest | |
| Cash paid for income taxes | |
| Noncash investing and financing activities: | |
| Software purchased with common stock | $ 58,333 |
| Domain, websites, and social media accounts purchased with common stock | 31,250 |
| 4% Interest in Libra Wellness Center, LLC for Installment Note to related party | 40,000 |
| Converted $40K liability to non-affiliated consultant for 12,000,000 shares | $ 40,000 |
| Basis of Presentation | 9 Months Ended |
| Jun. 30, 2015 | |
| Notes to Financial Statements | |
| Note 1 - Basis of Presentation | The accompanying unaudited financial statements of Signal Bay, Inc. (the Company) have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission ("SEC"), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company's registration statement filed with the SEC on Form 10. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the most recent fiscal year 2014 as reported in Form 10, have been omitted. In regards to investments the company has chosen to use a Cost Method Investment accounting policy. The company accounts for these investments in accordance with ASC320 using historical cost method. |
| Going Concern | 9 Months Ended |
| Jun. 30, 2015 | |
| Notes to Financial Statements | |
| NOTE 2 - Going Concern | The Company's financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company has negative working capital, recurring losses, and does not have an established source of revenues sufficient to cover its operating costs. These factors raise substantial doubt about the Companys ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plan described in the preceding paragraph and eventually attain profitable operations. The accompanying financial statements do not include any adjustments that may be necessary if the Company is unable to continue as a going concern. In the coming year, the Companys foreseeable cash requirements will relate to continual development of the operations of its business, maintaining its good standing and making the requisite filings with the Securities and Exchange Commission, and the payment of expenses associated with operations and business developments. The Company may experience a cash shortfall and be required to raise additional capital. Historically, it has mostly relied upon internally generated funds such as shareholder loans and advances to finance its operations and growth. Management may raise additional capital by retaining net earnings or through future public or private offerings of the Companys stock or through loans from private investors, although there can be no assurance that it will be able to obtain such financing. The Companys failure to do so could have a material and adverse effect upon it and its shareholders. |
| Related Party Transaction | 9 Months Ended |
| Jun. 30, 2015 | |
| Notes to Financial Statements | |
| Note 3 - Related Party Transaction | During the nine months ended June 30, 2015, the Company borrowed $52,500 from Lori Glauser, our COO, for working capital. The total amount owed is $62,500 as of June 30, 2015. The loan is at 0% interest and is to be repaid by September 30, 2015. During the quarter, June 30, 2015, $14,000 was paid Newport Commercials Advisors (NCA) for management consulting services, a company which is owned 100% by William Waldrop, our CEO. Under terms of the agreement, NCA will be paid $5,000 per month during the duration of the agreement. During the quarter, June 30, 2015, the Company continued to provide consulting with Libra Wellness Center, LLC, of which Lori J. Glauser, our COO, is a minority (4%) owner. During the quarter the Company provided management consulting services and invoiced Libra Wellness for the amount of $4,500. On June 22, 2015, the Company purchased a 4% ownership of Libra Wellness Center, LLC from Lori J Glauser, our COO for $40,000. The $40,000 is to be paid in one installment due no later than April 1, 2016. |
| Equity | 9 Months Ended |
| Jun. 30, 2015 | |
| Notes to Financial Statements | |
| Note 4 - Equity | On October 2, 2014, we issued 250,000 common shares in exchange for $2,500 cash. On October 3, 2014, we issued 416,667 common shares in exchange for $5,000 cash. On October 4, 2014, we issued 833,334 common shares in exchange for $10,000 cash. On December 31, 2014, we issued 5,000,000 common shares for the purchase of the software database platform to be used by Signal Bay Research. The company recorded an asset acquisition of $58,333 related to this transaction. On January 1, 2015, we issued 12,000,000 shares to our CEO under the Companys Equity Incentive Plan. The company expensed $276,000 related to this transaction. On January 1, 2015, we issued 12,000,000 shares to our COO under the Companys Equity Incentive Plan. The company expensed $276,000 related to this transaction. On January 1, 2015, we issued 1,000,000 shares to Joshua Copeland under the Companys Equity Incentive Plan for software management services. There are 3,000,000 shares remaining to be vested over the next 3 months. The company expensed $23,000 related to this transaction. On January 1, 2015, we issued 750,000 shares to our VP Business Development under the Companys Equity Incentive Plan. There are 2,250,000 shares remaining to be vested over the next 3 months. The company expensed $17,250 related to this transaction. On January 27, 2015, we issued 1,000,000 shares to Electrum Partners under the Companys Equity Incentive Plan for advisory services. There are 3,000,000 shares remaining to be vested over the next 24 months. The company expensed $22,500 related to this transaction. On February 1, 2015, we issued 1,000,000 shares to Joshua Copeland under the Companys Equity Incentive Plan for software management services. There are 2,000,000 shares remaining to be vested over the next 2 months. The company expensed $22,500 related to this transaction. On February 1, 2015, we issued 750,000 shares to our VP Business Development under the Companys Equity Incentive Plan. There are 1,500,000 shares remaining to be vested over the next 2 months. The company expensed $16,875 related to this transaction. On February 5, 2015, we issued 1,200,000 common shares in exchange for $15,000 cash. On February 27, 2015, we issued 160,000 common shares in exchange for $2,000 cash. On March 1, 2015, we issued 1,000,000 shares to Joshua Copeland under the Companys Equity Incentive Plan for software management services. There are 1,000,000 shares remaining to be vested over the next 1 month. The company expensed $22,500 related to this transaction. On March 1, 2015, we issued 750,000 shares to our VP Business Development under the Companys Equity Incentive Plan. There are 750,000 shares remaining to be vested over the next 1 months. The company expensed $16,875 related to this transaction. On March 1, 2015, we issued 125,000 shares to members of our advisory committee under the Companys Equity Incentive Plan. The company expensed $2,813 related to this transaction. On March 1, 2015, we issued 450,000 shares to a consultant for the purpose of social media and marketing efforts under the Companys Equity Incentive Plan. The company expensed $10,125 related to this transaction. On March 1, 2015, we issued 500,000 shares to our sales consultant under the Companys Equity Incentive Plan. This was fully vested as of May 1, 2015 and the expense was calculated as part of a true-up as of June 30, 2015. On March 24, 2015, we issued 1,600,000 common shares in exchange for $20,000 cash. On April 1, 2015, we issued 1,000,000 shares to Joshua Copeland under the Companys Equity Incentive Plan for software management services. This agreement is fully vested. The company expensed $22,500 related to this transaction. On April 1, 2015, we issued 750,000 shares to our VP Business Development under the Companys Equity Incentive Plan. This agreement is fully vested. The company expensed $16,875 related to this transaction. On April 1, 2015, we issued 500,000 shares to our sales consultant our under the Companys Equity Incentive Plan. This was fully vested as of May 1, 2015 and the expense was calculated as part of a true-up as of June 30, 2015. On May 1, 2015, we rescinded 18,000,000 shares and reissued 9,000,000 shares to a non-affiliate consultant in accordance with the August 28, 2014 management consulting agreement. Valuation was erroneously calculated 50% discount of $40,000 liability. It was amended to reflect solely a 60% discount to the stock price on August 28, 2014. The company has expensed $90,000 in loss on conversion of debt associated with this transaction On May 1, 2015, we issued 250,000 shares to our sales consultant our under the Companys Equity Incentive Plan. This agreement is fully vested. This was fully vested as of May 1, 2015 and there has been a true-up of all the shares issued for the sales consultant. The true-up of the expenses totaling $123,635. On June 1, 2015, we issued 300,000 shares to a consultant for social media and marketing services under the Companys Equity Incentive Plan. The company expensed $4,500 related to this transaction. On June 1, 2015, we issued 156,250 shares to members of our advisory committee under the Companys Equity Incentive Plan. The company performed a true-up of the shares issued as of June 30, 2015 which resulted in a quarterly expense of $10,656. On June 17, 2015, we issued 50,000 shares to Casey Houlihan under the Companys Equity Incentive Plan for advisory services. There are 450,000 shares remaining to be vested over the next 12 months. The company performed a true-up of the shares issued to Casey Houlihan as of June 30, 2015, The true-up of the shares resulted in a quarterly expense of $776. |
| Subsequent Events | 9 Months Ended |
| Jun. 30, 2015 | |
| Notes to Financial Statements | |
| Note 5 - Subsequent Events | On July 1, 2015, the company engaged Jim Fitzpatrick as an independent consultant for management consulting services. Under the terms of the agreement, the company will compensate Mr. Fitzpatrick 1,000,000 common shares for management consulting services commencing July 1, 2015 for a period of 5 consecutive months. On July 23, 2015, the company executed a promissory note in the amount of $105,000 with St. George Investments, LLC. The maturity date for the note is January 22, 2016. If in the event of default, St. George has the right to convert the outstanding balance to common stock at a 70% discount to market, calculated on the 3 lowest Closing Bid Prices in the 20 days immediately preceding the applicable conversion. The note contains in Original Issue Discount, in the amount of $22,500. The company will receive a $11,250 discount if paid within 90 days of Purchase Price Date and $5,000 if paid within 135 days of Purchase Price Date. On July 31, 2015, we issued 3,500,000 shares to Kodiak Capital Group, LLC as a commitment fee for a One Million Dollar Equity Financing Agreement. The company expensed $60,900 related to this transaction. The company is subject to a Registration Rights Agreement which requires the Company to file a S1 Registration Statement with the SEC within 30 days and must receive a notice of effectiveness from the SEC prior to executing a Put Notice. The Purchase Price of the security is based on 75% of the Market Price based on the Put Date. Market price is calculated on the lowest daily volume weight average price for any trading day during the valuation period, which is the five days from the Put Notice to the Put Date. |
| Related Party Transaction (Details Narrative) - USD ($) | 9 Months Ended | |
| Jun. 30, 2015 | Sep. 30, 2014 | |
| Proceeds from related party advances | $ 52,500 | |
| Loans payable- related party | 62,500 | $ 10,000 |
| Lori Glauser [Member] | ||
| Proceeds from related party advances | 52,500 | |
| Newport Commercials Advisors [Member] | ||
| Consulting fees | $ 14,000 | |
| consulting fee as minority charges in pencentage | 100.00% | |
| Libra Wellness Center, LLC [Member] | ||
| Consulting fees | $ 4,500 | |
| consulting fee as minority charges in pencentage | 4.00% |
| Equity (Details Narrative) | 3 Months Ended |
| Dec. 31, 2014USD ($)shares | |
| Equity Details Narrative | |
| Common shares issued for the purchase of the software | 5,000,000 |
| Asset acquisition | $ | $ 58,333 |
