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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Emedia Group Inc (CE) | USOTC:EMMD | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000009 | 0.00 | 01:00:00 |
Nevada
|
47-5567250
|
(State or other jurisdiction of incorporation or organization)
|
(I.R.S. Employer Identification No.)
|
Large accelerated filer [ ]
|
Accelerated filer [ ]
|
|
Non-accelerated filer [ ] (Do not check if a smaller reporting company)
|
Smaller reporting company [X]
|
Page
|
||
PART I – FINANCIAL INFORMATION
|
||
Item 1.
|
Financial Statements
|
3
|
Item 2.
|
Management’s Discussion and Analysis of Financial Condition and Results of Operations
|
|
4
|
||
Item 3.
|
Quantitative and Qualitative Disclosures About Market Risk
|
|
8
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||
Item 4.
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Controls and Procedures
|
|
8
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||
PART II – OTHER INFORMATION
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||
Item 1.
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Legal Proceedings
|
9
|
Item 1A.
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Risk Factors
|
9
|
Item 2.
|
Unregistered Sales of Equity Securities and Use of Proceeds
|
9
|
Item 3.
|
Defaults Upon Senior Securities
|
9
|
Item 4.
|
Mine Safety Disclosures
|
9
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Item 5.
|
Other Information
|
9
|
Item 6.
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Exhibits
|
9
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SIGNATURES
|
10
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Page
|
|
Unaudited Consolidated Balance Sheets as of September 30, 2016 and December 31, 2015
|
F-1
|
Unaudited Consolidated Statements of Operations for the three and nine months ended September 30, 2016 and 2015
|
F-2
|
Unaudited Consolidated Statements of Cash Flows for the nine months ended September 30, 2016 and 2015
|
F-3
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Notes to the Unaudited Consolidated Financial Statements
|
F-4 to F-8
|
September 30, 2016
(Unaudited)
|
December 31,
2015*
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|||||||
ASSETS
|
||||||||
Current Assets
|
||||||||
Cash and cash equivalents
|
$
|
289,400
|
$
|
59,108
|
||||
Accounts receivable
|
11,891
|
8,904
|
||||||
Prepaid expenses and deposits
|
9,617
|
2,084
|
||||||
Total Current Assets
|
310,908
|
70,096
|
||||||
Property, plant and equipment, net
|
20,865
|
-
|
||||||
Deferred tax assets
|
10,986
|
9,336
|
||||||
Deferred offering costs
|
-
|
20,500
|
||||||
TOTAL ASSETS
|
342,759
|
99,932
|
||||||
LIABILITIES AND STOCKHOLDERS' EQUITY
|
||||||||
Current Liabilities
|
||||||||
Accounts payable and accrued liabilities
|
$
|
90,469
|
$
|
28,097
|
||||
Due to related party
|
844
|
25,085
|
||||||
Unearned revenue
|
109,289
|
26,139
|
||||||
TOTAL LIABILITIES
|
200,602
|
79,321
|
||||||
STOCKHOLDERS' EQUITY
|
||||||||
Common stock, $0.001 par value, 300,000,000 authorized, 80,000,000 and 60,000,000 shares issued and outstanding as of September 30, 2016 and December 2015, respectively
|
80,000
|
60,000
|
||||||
Additional paid-in capital
|
59,418
|
-
|
||||||
Retained earnings (Accumulated Deficit)
|
11,445
|
(28,965
|
)
|
|||||
Accumulated other comprehensive loss
|
(8,706
|
)
|
(10,424
|
)
|
||||
TOTAL STOCKHOLDERS' EQUITY
|
142,157
|
20,611
|
||||||
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
|
$
|
342,759
|
$
|
99,932
|
Three Months Ended
|
Nine Months Ended
|
|||||||||||||||
September 30,
|
September 30,
|
|||||||||||||||
2016
|
2015
|
2016
|
2015
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|||||||||||||
REVENUES
|
314,894
|
90,006
|
525,841
|
190,147
|
||||||||||||
OPERATING EXPENSES
|
||||||||||||||||
Direct costs
|
68,996
|
16,859
|
84,797
|
21,104
|
||||||||||||
General and administrative expenses
|
65,104
|
(1,450
|
)
|
176,275
|
36,419
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|||||||||||
Salary and wages
|
78,002
|
(115
|
)
|
191,604
|
55,403
|
|||||||||||
Total Operating Expenses
|
212,102
|
15,294
|
452,676
|
112,926
|
||||||||||||
(Loss) Income from Operations
|
102,792
|
74,712
|
73,165
|
77,221
|
||||||||||||
Other Income (Expense)
|
||||||||||||||||
Interest (expense)
|
2,067
|
-
|
(648
|
)
|
-
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|||||||||||
Realized loss
|
-
|
(1,122
|
)
|
-
|
(1,122
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)
|
||||||||||
Unrealized gain
|
-
|
1,550
|
-
|
1,550
|
||||||||||||
Total Other income (expense)
|
2,067
|
428
|
(648
|
)
|
428
|
|||||||||||
INCOME (LOSS) BEFORE INCOME TAXES
|
104,859
|
75,140
|
72,517
|
77,649
|
||||||||||||
Income tax benefit (expense)for 9month it is small 73 is
|
(32,107
|
) |
(17,859
|
)
|
(32,107
|
) |
(17,859
|
)
|
||||||||
NET INCOME (LOSS)
|
72,752
|
57,281
|
40,410
|
59,790
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||||||||||||
STATEMENTS OF COMPREHENSIVE INCOME
|
||||||||||||||||
Net income (loss)
|
72,752
|
57,281
|
40,410
|
59,790
|
||||||||||||
Other Comprehensive loss
|
||||||||||||||||
Foreign currency translation adjustments
|
1,086
|
1,369
|
1,718
|
(3,028
|
)
|
|||||||||||
TOTAL COMPREHENSIVE INCOME
|
73,838
|
58,650
|
42,128
|
56,762
|
||||||||||||
Basic and Diluted Income per Common Share
|
0.00
|
0.00
|
|
0.00
|
0.00
|
|
||||||||||
Basic and Diluted Weighted Average Common Shares Outstanding
|
80,000,000
|
60,000,000
|
77,153,285
|
60,000,000
|
|
Nine Months Ended
|
|||||||
September 30,
|
||||||||
2016
|
2015
|
|||||||
CASH FLOWS FROM OPERATING ACTIVITIES
|
||||||||
Net income (loss)
|
$
|
40,410
|
$
|
59,790
|
||||
Adjustments to reconcile net income (loss) to net cash from operating activities:
|
||||||||
Depreciation
|
1,275
|
-
|
||||||
Changes in operating assets and liabilities:
|
||||||||
Accounts receivable
|
(3,416
|
)
|
(5,539
|
)
|
||||
Prepaid expenses and deposits
|
(7,444
|
)
|
(703
|
)
|
||||
Deferred tax assets
|
(1,564
|
)
|
-
|
|||||
Accounts payable and accrued liabilities
|
62,628
|
36,776
|
||||||
Unearned revenue
|
82,069
|
(781
|
)
|
|||||
Net cash provided by operating activities
|
173,958
|
89,543
|
||||||
CASH FLOWS FROM INVESTING ACTIVITIES
|
||||||||
Capital expenditures
|
(22,045
|
)
|
-
|
|||||
Net cash used in investing activities
|
(22,045
|
)
|
-
|
|||||
CASH FLOWS FROM FINANCING ACTIVITIES
|
||||||||
Shareholder loan repayments
|
(77,255
|
)
|
(481
|
)
|
||||
Advances from shareholder loan
|
52,930
|
|||||||
Proceeds from sale of common shares, net of offering costs
|
99,918
|
-
|
||||||
Net cash provided by financing activities
|
75,593
|
(481
|
) | |||||
Effects on changes in foreign exchange rate
|
2,786
|
(3,028
|
)
|
|||||
Net (decrease) increase in cash and cash equivalents
|
230,292
|
86,034
|
||||||
Cash and cash equivalents - beginning of period
|
59,108
|
65,862
|
||||||
Cash and cash equivalents - end of period
|
$
|
289,400
|
$
|
151,896
|
||||
Supplemental Cash Flow Disclosures
|
||||||||
Cash paid for interest
|
$
|
-
|
$
|
-
|
||||
Cash paid for income taxes
|
$
|
-
|
$
|
-
|
i)
|
Assets and liabilities at the rate of exchange in effect at the balance sheet date.
|
ii)
|
Equity at historical rates.
|
iii)
|
Revenue and expense items at the average rate of exchange prevailing during the period.
|
Furniture and fitting
|
3 years
|
Leaseholder improvement
|
5 years
|
September 30, 2016
|
December 31, 2015
|
|||||||
Leaseholder improvement
|
11,294
|
-
|
||||||
Furniture and fitting
|
10,851
|
-
|
||||||
22,145
|
-
|
|||||||
Less accumulated depreciation
|
(1,281
|
)
|
-
|
|||||
$
|
20,864
|
$
|
-
|
Exhibit No.
|
Description
|
|
31.1
|
Rule 13(a)-14(a)/15(d)-14(a) Certification of Chief Executive Officer*
|
|
31.2
|
Rule 13(a)-14(a)/15(d)-14(a) Certification of Chief Financial Officer *
|
|
32.1
|
Section 1350 Certification of Chief Executive Officer*
|
|
32.2
|
Section 1350 Certification of Chief Financial Officer*
|
|
EX-101.CAL
|
XBRL Calculation File*
|
|
EX-101.DEF
|
XBRL Definitions File*
|
|
EX-101.INS
|
XBRL Instance File*
|
|
EX-101.LAB
|
XBRL Labels File*
|
|
EX-101.PRE
|
XBRL Presentation File*
|
|
EX-101.SCH
|
XBRL Schema File*
|
eMedia Group, Inc.
|
eMedia Group, Inc.
|
|||
(the "Registrant")
|
(the "Registrant")
|
|||
/s/Henrik Schaumann Jorgensen
|
/s/ Christian Hedegaard Pedersen
|
|||
Name: Henrik Schaumann Jorgensen
|
Name: Christian Hedegaard Pedersen
|
|||
Title: Chairman, President and Chief Executive Officer
|
Title: Chief Operating Officer (Principal Financial and Accounting Officer)
|
|||
Date: November 15, 2016
|
Date: November 15, 2016
|
1 Year Emedia (CE) Chart |
1 Month Emedia (CE) Chart |
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