$BASA
BASANITE, INC.

2012 Q4 Form 10-Q Financial Statement

#000094344012001157 Filed on November 14, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $10.00K $10.09K $7.285K
YoY Change 0.0% 38.53%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $300.0K $180.0K $740.0K
YoY Change -43.4% -75.68% 428.57%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $2.369K $2.337K
YoY Change 1.37%
% of Gross Profit
Operating Expenses $300.0K $175.1K $738.5K
YoY Change -43.4% -76.29% 427.5%
Operating Profit -$165.0K -$731.2K
YoY Change -77.44%
Interest Expense -$80.00K $8.314K
YoY Change
% of Operating Profit
Other Income/Expense, Net -$8.314K
YoY Change
Pretax Income -$370.0K -$173.3K -$731.2K
YoY Change -30.19% -76.3% 422.3%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$370.0K -$173.3K -$731.2K
YoY Change -30.19% -76.3% 422.3%
Net Earnings / Revenue -3700.0% -1717.07% -10037.25%
Basic Earnings Per Share
Diluted Earnings Per Share -$500.0K -$246.4K -$1.159M
COMMON SHARES
Basic Shares Outstanding 47.33M
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.00K $0.00 $130.0K
YoY Change 100.0% -100.0%
Cash & Equivalents $20.71K $130.6K
Short-Term Investments
Other Short-Term Assets $0.00 $10.00K
YoY Change -100.0% -94.74%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $20.71K $140.0K
YoY Change 122.03% -26.32%
LONG-TERM ASSETS
Property, Plant & Equipment $11.84K $14.21K $20.00K
YoY Change -44.46% -28.97%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $0.00 $0.00
YoY Change -100.0%
Total Long-Term Assets $16.13K $18.50K $30.00K
YoY Change -37.01% -38.35% -57.14%
TOTAL ASSETS
Total Short-Term Assets $20.71K $140.0K
Total Long-Term Assets $16.13K $18.50K $30.00K
Total Assets $36.84K $18.50K $170.0K
YoY Change 5.46% -89.12% -34.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $45.52K $57.66K $10.00K
YoY Change 0.9% 476.58% -80.0%
Accrued Expenses $230.5K $227.4K $30.00K
YoY Change 406.0% 657.97%
Deferred Revenue
YoY Change
Short-Term Debt $10.00K $220.0K $0.00
YoY Change -100.0%
Long-Term Debt Due $30.00K
YoY Change
Total Short-Term Liabilities $314.2K $511.5K $40.00K
YoY Change 246.54% 1178.85% -42.86%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $314.2K $511.5K $40.00K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $310.0K $510.0K $40.00K
YoY Change 244.44% 1175.0% -42.86%
SHAREHOLDERS EQUITY
Retained Earnings -$3.476M -$3.103M
YoY Change 85.92%
Common Stock $1.099K $47.32K
YoY Change -97.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$277.4K -$493.0K $120.0K
YoY Change
Total Liabilities & Shareholders Equity $36.84K $18.50K $170.0K
YoY Change 5.46% -89.12% -34.62%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income -$370.0K -$173.3K -$731.2K
YoY Change -30.19% -76.3% 422.3%
Depreciation, Depletion And Amortization $0.00 $2.369K $2.337K
YoY Change 1.37%
Cash From Operating Activities -$190.0K -$120.0K -$190.0K
YoY Change 58.33% -36.84% 375.0%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 200.0K 120.0K 260.0K
YoY Change -53.85% 1200.0%
NET CHANGE
Cash From Operating Activities -190.0K -120.0K -190.0K
Cash From Investing Activities 0.000 0.000 0.000
Cash From Financing Activities 200.0K 120.0K 260.0K
Net Change In Cash 10.00K 0.000 70.00K
YoY Change -109.09% -100.0% -450.0%
FREE CASH FLOW
Cash From Operating Activities -$190.0K -$120.0K -$190.0K
Capital Expenditures $0.00 $0.00 $0.00
Free Cash Flow -$190.0K -$120.0K -$190.0K
YoY Change 58.33% -36.84%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001448705
CY2012Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
47325116
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Entity Registrant Name
EntityRegistrantName
MMAX MEDIA, INC.
CY2011Q1 mmax Business Acquisition Percentage Of Voting Interests Issued And Outstanding
BusinessAcquisitionPercentageOfVotingInterestsIssuedAndOutstanding
0.501
CY2012Q3 mmax Conversion Of Common Stock Ratio For Preferred Stock
ConversionOfCommonStockRatioForPreferredStock
10
mmax Issuance Of Stock For Liquidated Damages
IssuanceOfStockForLiquidatedDamages
USD
mmax Issuance Of Stock For Liquidated Damages
IssuanceOfStockForLiquidatedDamages
34250 USD
CY2012Q3 mmax More Likely Than Not Threshold
MoreLikelyThanNotThreshold
0.50
mmax Shares Issuable Upon Exercise Of Options And Warrants
SharesIssuableUponExerciseOfOptionsAndWarrants
15400000
mmax Shares Issuable Upon Exercise Of Options And Warrants
SharesIssuableUponExerciseOfOptionsAndWarrants
11200000
mmax Stock Issed For Liquidated Damages
StockIssedForLiquidatedDamages
USD
mmax Stock Issed For Liquidated Damages
StockIssedForLiquidatedDamages
USD
CY2012Q3 mmax Stock Issued During Period Per Share Value
StockIssuedDuringPeriodPerShareValue
0.01
mmax Stock Issued For Prepaid Expenses
StockIssuedForPrepaidExpenses
USD
mmax Stock Issued For Prepaid Expenses
StockIssuedForPrepaidExpenses
USD
CY2012Q3 mmax Weighted Average Number Shares Outstanding Basic And Diluted
WeightedAverageNumberSharesOutstandingBasicAndDiluted
47276125
CY2011Q3 mmax Weighted Average Number Shares Outstanding Basic And Diluted
WeightedAverageNumberSharesOutstandingBasicAndDiluted
43245232
mmax Weighted Average Number Shares Outstanding Basic And Diluted
WeightedAverageNumberSharesOutstandingBasicAndDiluted
45708389
mmax Weighted Average Number Shares Outstanding Basic And Diluted
WeightedAverageNumberSharesOutstandingBasicAndDiluted
34487551
CY2012Q3 mmax Working Capital
WorkingCapital
-511541 USD
CY2012Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
57658 USD
CY2011Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
45115 USD
CY2012Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
227390 USD
CY2011Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
45550 USD
CY2012Q3 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
192206 USD
CY2011Q4 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
18615 USD
CY2012Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
15977 USD
CY2011Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8870 USD
CY2012Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
2563002 USD
CY2011Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1769355 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
6810 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
USD
CY2012Q3 us-gaap Assets
Assets
18496 USD
CY2011Q4 us-gaap Assets
Assets
34931 USD
CY2012Q3 us-gaap Assets Current
AssetsCurrent
USD
CY2011Q4 us-gaap Assets Current
AssetsCurrent
9328 USD
CY2011Q1 us-gaap Business Acquisition Equity Interests Issued Or Issuable Number Of Shares Issued
BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
20789395
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
USD
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
4088 USD
CY2012Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6328 USD
CY2011Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
130554 USD
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13989 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-6328 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
116565 USD
CY2012Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2011Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2012Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2011Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2012Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
195000000
CY2011Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
195000000
CY2012Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
47325116
CY2011Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
44646539
CY2012Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
47325116
CY2012Q3 us-gaap Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
43354 USD
CY2012Q3 us-gaap Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
7226 USD
CY2011Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
44646539
CY2012Q3 us-gaap Common Stock Value
CommonStockValue
47324 USD
CY2011Q4 us-gaap Common Stock Value
CommonStockValue
44645 USD
CY2011Q1 us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
144000
CY2011Q3 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
6386020
CY2011Q1 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
15000 USD
CY2012Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
249000 USD
CY2011Q1 us-gaap Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
3000 USD
CY2012Q3 us-gaap Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
36129 USD
CY2012Q3 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.01
CY2012Q3 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.01
CY2012Q3 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.01
CY2012Q4 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.01
CY2012Q4 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.01
CY2012Q4 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.01
us-gaap Debt Instrument Convertible Number Of Equity Instruments
DebtInstrumentConvertibleNumberOfEquityInstruments
9713430
us-gaap Debt Instrument Convertible Number Of Equity Instruments
DebtInstrumentConvertibleNumberOfEquityInstruments
0
CY2012Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
45000 USD
CY2012Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
40000 USD
CY2012Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
9000 USD
CY2012Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
40000 USD
CY2012Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
5000 USD
CY2012Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
40000 USD
CY2012Q3 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.07
CY2012Q3 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.07
CY2012Q3 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.07
CY2012Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.07
CY2012Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.07
CY2012Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.07
CY2012Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
36544 USD
CY2011Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
USD
CY2012Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
9737 USD
CY2011Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
USD
CY2012Q3 us-gaap Deposits Assets
DepositsAssets
4290 USD
CY2011Q4 us-gaap Deposits Assets
DepositsAssets
4290 USD
CY2012Q3 us-gaap Depreciation
Depreciation
2369 USD
CY2011Q3 us-gaap Depreciation
Depreciation
2337 USD
us-gaap Depreciation
Depreciation
7107 USD
us-gaap Depreciation
Depreciation
6786 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7107 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6786 USD
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <div> <div><!--StartFragment--> <p style="MARGIN: 0px"><strong>NOTE 3 - RECENT ACCOUNTING PRONOUNCEMENTS</strong></p> <p style="LINE-HEIGHT: 8pt; MARGIN: 0px">&nbsp;</p> <p style="TEXT-INDENT: 48px; MARGIN: 0px">In December 2011, FASB issued Accounting Standards Update 2011-11, Balance Sheet - Disclosures about Offsetting Assets and Liabilities" to enhance disclosure requirements relating to the offsetting of assets and liabilities on an entity&#39;s balance sheet. The update requires enhanced disclosures regarding assets and liabilities that are presented net or gross in the statement of financial position when the right of offset exists, or that are subject to an enforceable master netting arrangement. The new disclosure requirements relating to this update are retrospective and effective for annual and interim periods beginning on or after January 1, 2013. The update only requires additional disclosures, as such, we do not expect that the adoption of this standard will have a material impact on our results of operations, cash flows or financial condition.</p> <p style="LINE-HEIGHT: 8pt; MARGIN: 0px"><br /> </p> <p style="TEXT-INDENT: 48px; MARGIN: 0px">In July 2012, FASB issued Accounting Standards Update 2012-01, Balance Sheet - Subtopic 954-430, Health Care Entities-Deferred Revenue, requires that a continuing care retirement community recognize a deferral of revenue when a contract between a continuing care retirement community and a resident stipulates that (1) a portion of the advanced fee is refundable if the contract holder&#39;s unit is reoccupied by a subsequent resident, (2) the refund is limited to the proceeds of reoccupancy, and (3) the legal environment and the entity&#39;s management policy and practice support the withholding of refunds under condition (2). Questions have arisen in practice about cases where the refund depends on reoccupancy. The objective of this Update is to clarify the reporting for refundable advance fees received by continuing care retirement communities. The amendments in this update are effective for fiscal periods beginning after December 15, 2013. Early adoption is permitted. The amendments in this Update should be applied retrospectively by recording a cumulative-effect adjustment to opening retained earnings (or unrestricted net assets) as of the beginning of the earliest period presented.</p> <p style="LINE-HEIGHT: 8pt; MARGIN: 0px"><br /> </p> <p style="TEXT-INDENT: 48px; MARGIN: 0px">In July 2012, FASB issued Accounting Standards Update 2012-02, Balance Sheet- Intangibles- Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment is an Amendment to FASB Accounting Standards Update 2011-08. The objective of the amendments in this Update is to reduce the cost and complexity of performing an impairment test for indefinite-lived intangible assets by simplifying how an entity tests those assets for impairment and to improve consistency in impairment testing guidance among long-lived asset categories. The amendments permit an entity first to assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test in accordance with Subtopic 350-30, Intangibles-Goodwill and Other-General Intangibles Other than Goodwill. The more-likely-than-not threshold is defined as having a likelihood of more than 50 percent. The amendments are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted, including for annual and interim impairment tests performed as of a date before July 27, 2012, if a public entity&#39;s financial statements for the most recent annual or interim period have not yet been issued or, for nonpublic entities, have not yet been made available for issuance.</p> <!--EndFragment--></div> </div>
CY2012Q3 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
4300 USD
CY2011Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
USD
CY2012Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.0
CY2011Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.02
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.03
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.03
CY2012Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
28281 USD
CY2011Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
89628 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
173876 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
264841 USD
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
USD
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
1454 USD
CY2012Q3 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
USD
CY2011Q3 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
USD
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
USD
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
1454 USD
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
USD
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
1454 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-173287 USD
CY2011Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-731214 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-1233637 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-1089512 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
USD
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2011Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
194383 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
22848 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
14573 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
16575 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
9737 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-4836 USD
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
USD
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-3000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
18 USD
CY2012Q3 us-gaap Interest Expense
InterestExpense
8314 USD
CY2011Q3 us-gaap Interest Expense
InterestExpense
USD
us-gaap Interest Expense
InterestExpense
14788 USD
us-gaap Interest Expense
InterestExpense
34726 USD
us-gaap Interest Paid
InterestPaid
USD
us-gaap Interest Paid
InterestPaid
USD
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
28500 USD
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
95000 USD
CY2012Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
18496 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5357 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-284628 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-405540 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
-173287 USD
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
-731214 USD
us-gaap Net Income Loss
NetIncomeLoss
-1233637 USD
us-gaap Net Income Loss
NetIncomeLoss
-1089512 USD
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
34931 USD
CY2012Q3 us-gaap Liabilities Current
LiabilitiesCurrent
511541 USD
CY2011Q4 us-gaap Liabilities Current
LiabilitiesCurrent
90665 USD
CY2012Q3 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
USD
CY2011Q3 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
USD
us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
USD
us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
16575 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
278300 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
527462 USD
CY2012Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-8314 USD
CY2011Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-14788 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-51301 USD
CY2012Q3 us-gaap Notes Payable Current
NotesPayableCurrent
212456 USD
CY2011Q4 us-gaap Notes Payable Current
NotesPayableCurrent
USD
CY2012Q3 us-gaap Operating Expenses
OperatingExpenses
175065 USD
CY2011Q3 us-gaap Operating Expenses
OperatingExpenses
738499 USD
us-gaap Operating Expenses
OperatingExpenses
1245390 USD
us-gaap Operating Expenses
OperatingExpenses
1064139 USD
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-164973 USD
CY2011Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-731214 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-1218849 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-1038211 USD
CY2012Q3 us-gaap Other Assets
OtherAssets
4290 USD
CY2011Q4 us-gaap Other Assets
OtherAssets
4290 USD
CY2012Q3 us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
137675 USD
CY2011Q3 us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
119409 USD
us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
330144 USD
us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
213171 USD
us-gaap Payments For Deposits
PaymentsForDeposits
USD
us-gaap Payments For Deposits
PaymentsForDeposits
4290 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5155 USD
CY2012Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2012Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2011Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2012Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
CY2011Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
CY2012Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
CY2011Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
CY2012Q3 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2011Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2012Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
USD
CY2011Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
3000 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
249000 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
USD
CY2012Q3 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
54000 USD
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
699472 USD
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
511913 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
25000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
527462 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
30000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
4300 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
USD
CY2012Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
30183 USD
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
30183 USD
CY2012Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14206 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
21313 USD
us-gaap Reclassifications
Reclassifications
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <div> <div><!--StartFragment--> <p style="MARGIN: 0px"><strong><em>(K) Reclassification</em></strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-INDENT: 52px; MARGIN: 0px">Certain amounts from prior periods have been reclassified to conform to the current period presentation.</p> <p style="MARGIN: 0px">&nbsp;</p> <!--EndFragment--></div> </div>
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
USD
CY2012Q3 us-gaap Technology Services Costs
TechnologyServicesCosts
9109 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
30000 USD
CY2012Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-3103371 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1869734 USD
CY2012Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
10092 USD
CY2011Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
7285 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
26541 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
25928 USD
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
-493045 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
-55734 USD
CY2012Q3 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
2253577
CY2012Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
25000 USD
CY2011Q3 us-gaap Technology Services Costs
TechnologyServicesCosts
529462 USD
us-gaap Technology Services Costs
TechnologyServicesCosts
741370 USD
us-gaap Technology Services Costs
TechnologyServicesCosts
584673 USD
us-gaap Use Of Estimates
UseOfEstimates
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <div> <div><!--StartFragment--> <p style="MARGIN: 0px"><strong><em>(B) Use of Estimates in Financial Statements</em></strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-INDENT: 48px; MARGIN: 0px">The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates during the period covered by these financial statements include the valuation of website costs, valuation of deferred tax asset, stock based compensation and any beneficial conversion features on convertible debt.</p> <p style="MARGIN: 0px">&nbsp;</p> <!--EndFragment--></div> </div>

Files In Submission

Name View Source Status
0000943440-12-001157-index-headers.html Edgar Link pending
0000943440-12-001157-index.html Edgar Link pending
0000943440-12-001157.txt Edgar Link pending
0000943440-12-001157-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
mmax-20120930.xml Edgar Link completed
mmax-20120930.xsd Edgar Link pending
mmax-20120930_cal.xml Edgar Link unprocessable
mmax-20120930_def.xml Edgar Link unprocessable
mmax-20120930_lab.xml Edgar Link unprocessable
mmax-20120930_pre.xml Edgar Link unprocessable
mmax_10q.htm Edgar Link pending
mmax_ex31z1.htm Edgar Link pending
mmax_ex31z2.htm Edgar Link pending
mmax_ex32z1.htm Edgar Link pending
mmax_ex32z2.htm Edgar Link pending
mmax_ex4z1.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending