2014 Q2 Form 10-Q Financial Statement
#000114420414049497 Filed on August 14, 2014
Income Statement
| Concept | 2014 Q2 | 2013 Q2 |
|---|---|---|
| Revenue | $0.00 | |
| YoY Change | ||
| Cost Of Revenue | $0.00 | |
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $150.0K | $350.0K |
| YoY Change | -57.14% | |
| % of Gross Profit | ||
| Research & Development | $0.00 | |
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $11.89K | $0.00 |
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $161.4K | $8.801K |
| YoY Change | 1733.72% | 1073.47% |
| Operating Profit | -$161.4K | -$8.801K |
| YoY Change | 1733.72% | |
| Interest Expense | $22.50K | |
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | -$22.50K | |
| YoY Change | ||
| Pretax Income | -$180.0K | -$230.0K |
| YoY Change | -21.74% | |
| Income Tax | $0.00 | |
| % Of Pretax Income | ||
| Net Earnings | -$183.9K | -$8.801K |
| YoY Change | 1989.38% | 1073.47% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$0.27 | -$0.52 |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2014 Q2 | 2013 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $20.00K | |
| YoY Change | ||
| Cash & Equivalents | $20.55K | $8.908K |
| Short-Term Investments | ||
| Other Short-Term Assets | $0.00 | |
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $21.20K | $264.5K |
| YoY Change | -91.99% | |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $446.4K | |
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | $457.5K | $243.0K |
| YoY Change | 88.27% | |
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $904.0K | $243.0K |
| YoY Change | 272.0% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $21.20K | $264.5K |
| Total Long-Term Assets | $904.0K | $243.0K |
| Total Assets | $925.2K | $507.5K |
| YoY Change | 82.3% | |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $27.67K | |
| YoY Change | ||
| Accrued Expenses | $0.00 | $1.569K |
| YoY Change | -100.0% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $910.0K | |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $973.7K | |
| YoY Change | ||
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | |
| YoY Change | ||
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $0.00 | |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $973.7K | |
| Total Long-Term Liabilities | $0.00 | |
| Total Liabilities | $970.0K | $1.569K |
| YoY Change | 61722.82% | |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$1.796M | -$12.06K |
| YoY Change | 14791.03% | |
| Common Stock | $1.748M | $2.993K |
| YoY Change | 58300.94% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | -$48.51K | $505.9K |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $925.2K | $507.5K |
| YoY Change | 82.3% |
Cashflow Statement
| Concept | 2014 Q2 | 2013 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$183.9K | -$8.801K |
| YoY Change | 1989.38% | 1073.47% |
| Depreciation, Depletion And Amortization | $11.89K | $0.00 |
| YoY Change | ||
| Cash From Operating Activities | -$20.00K | -$240.0K |
| YoY Change | -91.67% | |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $490.0K | $230.0K |
| YoY Change | 113.04% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | |
| YoY Change | ||
| Cash From Investing Activities | -$490.0K | -$230.0K |
| YoY Change | 113.04% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 310.0K | 500.0K |
| YoY Change | -38.0% | |
| NET CHANGE | ||
| Cash From Operating Activities | -20.00K | -240.0K |
| Cash From Investing Activities | -490.0K | -230.0K |
| Cash From Financing Activities | 310.0K | 500.0K |
| Net Change In Cash | -200.0K | 30.00K |
| YoY Change | -766.67% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$20.00K | -$240.0K |
| Capital Expenditures | $490.0K | $230.0K |
| Free Cash Flow | -$510.0K | -$470.0K |
| YoY Change | 8.51% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| us-gaap |
Use Of Estimates
UseOfEstimates
|
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p align="justify" style=" margin: 0px; font-family : Times New Roman; font-size: 10pt;"><strong><em>Use of Estimates</em></strong><font style=" font-size: 6pt;"> </font></p> <p align="justify" style=" margin: 0px; text-indent: 48px; font-family : Times New Roman; font-size: 10pt;">In preparing these unaudited condensed consolidated financial statements in conformity with GAAP, management is required to make estimates and assumptions that may affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the condensed consolidated financial statements and the reported amount of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Significant estimates and assumptions included in our condensed consolidated financial statements relate to the valuation of long-lived assets, accruals for potential liabilities, and valuation assumptions related to equity instruments and share based payments.<br/>  </p> </div> | ||
| CY2013Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-8801 | USD |
| us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p align="justify" style=" margin: 0px; font-family : Times New Roman; font-size: 10pt;"><strong><em>Concentration of Credit Risk</em></strong><font style=" font-size: 6pt;"> </font></p> <p align="justify" style=" margin: 0px; text-indent: 48px; font-family : Times New Roman; font-size: 10pt;">The Company<font style=" font-family: 'Arial Unicode MS', 'Times New Roman';">'</font>s financial instruments that potentially expose the Company to a concentration of credit risk consist of cash, accounts payable, accrued expense and a related party payable. The Company<font style=" font-family: 'Arial Unicode MS', 'Times New Roman';">'</font>s cash is deposited at a financial institution and insured by the Federal Deposit Insurance Corporation (<font style=" font-family: 'Arial Unicode MS', 'Times New Roman';">“</font>FDIC<font style=" font-family: 'Arial Unicode MS', 'Times New Roman';">”</font>). At various times during the year, the Company may have exceeded this amount insured by the FDIC.<br/>  </p> </div> | ||
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
250154 | USD | |
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
8871 | USD | |
| CY2014Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
161386 | USD |
| CY2013Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
8801 | USD |
| us-gaap |
Operating Expenses
OperatingExpenses
|
273670 | USD | |
| us-gaap |
Nature Of Operations
NatureOfOperations
|
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p align="justify" style=" margin: 0px; font-family : Times New Roman; font-size: 10pt;"><strong>NOTE 1 <font style=" font-family: 'Arial Unicode MS', 'Times New Roman';">–</font> NATURE OF BUSINESS</strong></p> <p align="justify" style=" margin: 0px; font-family : Times New Roman; font-size: 10pt;"> </p> <p align="justify" style=" margin: 0px; text-indent: 48px; font-family : Times New Roman; font-size: 10pt;">IIM Global Corporation (formerly Silverwood Acquisition Corporation) ("IIM Global" or the "Company") was incorporated on September 21, 2011 under the laws of the State of Delaware to engage in any lawful corporate undertaking, including, but not limited to, selected mergers and acquisitions. IIM Global has been in the developmental stage since inception. In addition to a change in control of its management and shareholders, the Company's operations to date have been limited to issuing shares and filing a registration statement on Form <font>10</font> pursuant to the Securities Exchange Act of <font>1934</font>. IIM Global was formed to provide a method for a foreign or domestic private company to become a reporting company with a class of securities registered under the Securities Exchange Act of <font>1934</font>.</p> <p align="justify" style=" margin: 0px; font-family : Times New Roman; font-size: 10pt;"> </p> <p style=" margin: 0px; font-family : Times New Roman; font-size: 10pt;"><strong><em>Going Concern</em></strong></p> <p style=" margin: 0px; text-indent: 48px; font-family : Times New Roman; font-size: 10pt;">The Company has an accumulated deficit of $<font>1,796,454</font> as of June 30, 2014. The Company<font style=" font-family: 'Arial Unicode MS', 'Times New Roman';">'</font>s continuation as a going concern is dependent on its ability to generate sufficient cash flows from operations to meet its obligations, which it has not been able to accomplish to date, and /or obtain additional financing from its stockholders and/or other third parties.</p> <p style=" margin: 0px; font-family : Times New Roman; font-size: 10pt;"> </p> <p align="justify" style=" margin: 0px; text-indent: 48px; font-family : Times New Roman; font-size: 10pt;">These unaudited condensed consolidated financial statements have been prepared on a going concern basis, which implies the Company will continue to meet its obligations and continue its operations for the next fiscal year. The continuation of the Company as a going concern is dependent upon financial support from its stockholders, the ability of the Company to obtain necessary equity financing to continue operations, successfully locating and negotiating with other business entities for potential acquisition and /or acquiring new clients to generate revenues.<br/>  </p> <p style=" margin: 0px; text-indent: 48px; font-family : Times New Roman; font-size: 10pt;">Management and shareholders used their personal funds to pay for certain expenses incurred by the Company in <font>2014</font>. There is <font>no</font> assurance that the Company will ever be profitable. These unaudited condensed consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern.</p> <p style=" margin: 0px; font-family : Times New Roman; font-size: 10pt;"> </p> <div> <p style=" margin: 0px; font-family : Times New Roman; font-size: 10pt;"><strong><em>Principles of Consolidation</em></strong></p> <p style=" margin: 0px; text-indent: 48px; font-family : Times New Roman; font-size: 10pt;">The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles and include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany transactions and balances have been eliminated in consolidation.<br/>  </p> </div> <div> <p align="justify" style=" margin: 0px; font-family : Times New Roman; font-size: 10pt;"><strong><em>Use of Estimates</em></strong><font style=" font-size: 6pt;"> </font></p> <p align="justify" style=" margin: 0px; text-indent: 48px; font-family : Times New Roman; font-size: 10pt;">In preparing these unaudited condensed consolidated financial statements in conformity with GAAP, management is required to make estimates and assumptions that may affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the condensed consolidated financial statements and the reported amount of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Significant estimates and assumptions included in our condensed consolidated financial statements relate to the valuation of long-lived assets, accruals for potential liabilities, and valuation assumptions related to equity instruments and share based payments.<br/>  </p> </div> <div> <p align="justify" style=" margin: 0px; font-family : Times New Roman; font-size: 10pt;"><strong><em>Concentration of Credit Risk</em></strong><font style=" font-size: 6pt;"> </font></p> <p align="justify" style=" margin: 0px; text-indent: 48px; font-family : Times New Roman; font-size: 10pt;">The Company<font style=" font-family: 'Arial Unicode MS', 'Times New Roman';">'</font>s financial instruments that potentially expose the Company to a concentration of credit risk consist of cash, accounts payable, accrued expense and a related party payable. The Company<font style=" font-family: 'Arial Unicode MS', 'Times New Roman';">'</font>s cash is deposited at a financial institution and insured by the Federal Deposit Insurance Corporation (<font style=" font-family: 'Arial Unicode MS', 'Times New Roman';">“</font>FDIC<font style=" font-family: 'Arial Unicode MS', 'Times New Roman';">”</font>). At various times during the year, the Company may have exceeded this amount insured by the FDIC.<br/>  </p> </div> <div> <p align="justify" style=" margin: 0px; font-family : Times New Roman; font-size: 10pt;"><strong><em>Income Taxes</em> </strong></p> <p style=" margin: 0px; text-indent: 48px; font-family : Times New Roman; font-size: 10pt;">The Company accounts for income taxes under Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) <font>740</font> <font style=" font-family: 'Arial Unicode MS', 'Times New Roman';">“</font><em>Income Taxes.<font style=" font-family: 'Arial Unicode MS', 'Times New Roman';">”</font> </em>Under the asset and liability method of FASB ASC <font>740</font>, deferred tax assets and liabilities 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 basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under FASB ASC <font>740</font>, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations.</p> </div> <p style=" margin: 0px; font-family : Times New Roman; font-size: 10pt;"> </p> </div> | ||
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
0 | USD | |
| us-gaap |
Depreciation
Depreciation
|
10829 | USD | |
| CY2014Q2 | us-gaap |
Sale Leaseback Transaction Amount Due Under Financing Arrangement
SaleLeasebackTransactionAmountDueUnderFinancingArrangement
|
430000 | USD |
| CY2014Q2 | us-gaap |
Deposit Assets
DepositAssets
|
100000 | USD |
| CY2014Q2 | us-gaap |
Deposit Assets
DepositAssets
|
100000 | USD |
| CY2013Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
50510 | USD |
| CY2013Q4 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
16175 | USD |
| us-gaap |
Sale Leaseback Transaction Monthly Rental Payments
SaleLeasebackTransactionMonthlyRentalPayments
|
3000 | USD | |
| us-gaap |
Sale Leaseback Transaction Rent Expense
SaleLeasebackTransactionRentExpense
|
15180 | USD | |
| CY2013Q4 | us-gaap |
Assets Current
AssetsCurrent
|
117994 | USD |
| CY2014Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
446447 | USD |
| us-gaap |
Sale Leaseback Transaction Rent Expense
SaleLeasebackTransactionRentExpense
|
0 | USD | |
| CY2013Q2 | us-gaap |
Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
|
128456 | USD |
| CY2013Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
USD | |
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
USD | ||
| CY2014Q2 | us-gaap |
Cash
Cash
|
20554 | USD |
| CY2013Q4 | us-gaap |
Cash
Cash
|
5349 | USD |
| CY2014Q2 | us-gaap |
Deposits Assets Current
DepositsAssetsCurrent
|
645 | USD |
| CY2013Q4 | us-gaap |
Deposits Assets Current
DepositsAssetsCurrent
|
112645 | USD |
| CY2014Q2 | us-gaap |
Assets Current
AssetsCurrent
|
21199 | USD |
| CY2014Q2 | us-gaap |
Debt Current
DebtCurrent
|
910000 | USD |
| us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
USD | ||
| us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
USD | ||
| us-gaap |
Gross Profit
GrossProfit
|
USD | ||
| CY2013Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
USD | |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
USD | ||
| CY2013Q2 | us-gaap |
Interest Expense
InterestExpense
|
USD | |
| us-gaap |
Depreciation
Depreciation
|
0 | USD | |
| us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | USD | |
| CY2014Q2 | us-gaap |
Assets Fair Value Disclosure Recurring
AssetsFairValueDisclosureRecurring
|
0 | USD |
| CY2014Q2 | us-gaap |
Liabilities Fair Value Disclosure Recurring
LiabilitiesFairValueDisclosureRecurring
|
0 | USD |
| us-gaap |
Revenues
Revenues
|
0 | USD | |
| us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | USD | |
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
12687 | USD | |
| us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P10Y | ||
| CY2014Q2 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
USD | |
| CY2014Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
27672 | USD |
| CY2013Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
19638 | USD |
| CY2014Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
4491 | USD |
| CY2013Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
26069 | USD |
| CY2014Q2 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
31505 | USD |
| CY2013Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
4803 | USD |
| CY2014Q2 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
63668 | USD |
| us-gaap |
Interest Expense
InterestExpense
|
USD | ||
| CY2014Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
11891 | USD |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
23516 | USD | |
| CY2014Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
149495 | USD |
| CY2013Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
8801 | USD |
| CY2014Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
0 | USD |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
0 | shares | |
| us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | shares | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
0 | shares | |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-273670 | USD | |
| CY2014Q2 | us-gaap |
Purchase Obligation
PurchaseObligation
|
430000 | USD |
| CY2013 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
44000 | USD |
| CY2013Q2 | us-gaap |
Gross Profit
GrossProfit
|
USD | |
| us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
USD | ||
| us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
USD | ||
| us-gaap |
Gross Profit
GrossProfit
|
USD | ||
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.00 | ||
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.00 | ||
| CY2014Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
160623289 | shares |
| CY2013Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
1500000 | shares |
| us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
160623289 | shares | |
| us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
1500000 | shares | |
| CY2014Q2 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
USD | |
| CY2014Q2 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
USD | |
| CY2014Q2 | us-gaap |
Gross Profit
GrossProfit
|
USD | |
| CY2013Q2 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
USD | |
| us-gaap |
Operating Expenses
OperatingExpenses
|
8871 | USD | |
| CY2014Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-161386 | USD |
| CY2014Q2 | us-gaap |
Interest Expense
InterestExpense
|
22500 | USD |
| us-gaap |
Interest Expense
InterestExpense
|
32050 | USD | |
| CY2014Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-22500 | USD |
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-32050 | USD | |
| CY2014Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-183886 | USD |
| CY2013Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8801 | USD |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-305720 | USD | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-8871 | USD | |
| CY2014Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.00 | |
| CY2013Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.00 | |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-8871 | USD | |
| CY2013Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
38011 | USD |
| CY2014Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
457508 | USD |
| CY2013Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
392501 | USD |
| CY2014Q2 | us-gaap |
Assets
Assets
|
925154 | USD |
| CY2013Q4 | us-gaap |
Assets
Assets
|
548506 | USD |
| CY2013Q4 | us-gaap |
Debt Current
DebtCurrent
|
224615 | USD |
| CY2014Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
973668 | USD |
| CY2013Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
291300 | USD |
| CY2013Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
300000000 | shares |
| CY2013Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
| CY2013Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
160623289 | shares |
| CY2014Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
16062 | USD |
| CY2013Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
16062 | USD |
| CY2014Q2 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
1731878 | USD |
| CY2013Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
1731878 | USD |
| CY2014Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-1796454 | USD |
| CY2013Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-1490734 | USD |
| CY2014Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-48514 | USD |
| CY2013Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
257206 | USD |
| CY2014Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
925154 | USD |
| CY2013Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
548506 | USD |
| CY2014Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
160623289 | shares |
| CY2014Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
| CY2014Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
300000000 | shares |
| CY2013Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
160623289 | shares |
| CY2014Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
160623289 | shares |
| us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-3006 | USD | |
| us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
1219 | USD | |
| us-gaap |
Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
|
255590 | USD | |
| ck0001534154 |
Increase Decrease In Security Deposits Assets
IncreaseDecreaseInSecurityDepositsAssets
|
112000 | USD | |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-173210 | USD | |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-263242 | USD | |
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
419266 | USD | |
| us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
77694 | USD | |
| us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
243000 | USD | |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-496960 | USD | |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-243000 | USD | |
| us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
515000 | USD | |
| us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
910010 | USD | |
| us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
224625 | USD | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
685385 | USD | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
515000 | USD | |
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
15205 | USD | |
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
8758 | USD | |
| CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
5349 | USD |
| CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
150 | USD |
| CY2014Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
20554 | USD |
| CY2013Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
8908 | USD |
| us-gaap |
Interest Paid
InterestPaid
|
22500 | USD | |
| us-gaap |
Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
|
USD | ||
| us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
USD | ||
| us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
USD | ||
| us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
USD | ||
| us-gaap |
Interest Paid
InterestPaid
|
USD | ||
| CY2014Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
529156 | USD |
| CY2013Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
448320 | USD |
| CY2014Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
71648 | USD |
| CY2013Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
55819 | USD |
| CY2014Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
505316 | USD |
| CY2014Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
457508 | USD |
| CY2013Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
392501 | USD |
| dei |
Entity Registrant Name
EntityRegistrantName
|
IIM Global Corp | ||
| dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001534154 | ||
| dei |
Document Type
DocumentType
|
10-Q | ||
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-06-30 | ||
| dei |
Amendment Flag
AmendmentFlag
|
false | ||
| dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
| dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | ||
| dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | ||
| dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 |
