Loading...
Docoh

CMG (CMGO)

Document_and_Entity_Informatio

Document and Entity Information (USD $)12 Months Ended
Dec. 31, 2013Apr. 15, 2014Jun. 30, 2013
Document and Entity Information:'''
Entity Registrant Name'CMG Holdings Group, Inc.''
Document Type'10-K''
Document Period End Date31-Dec-13''
Amendment Flag'false''
Entity Central Index Key'0001346655''
Current Fiscal Year End Date'--12-31''
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'2013''
Document Fiscal Period Focus'FY''
Entity Common Stock, Shares Outstanding'290,716,364'
Entity Public Float''$3,756,498

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)Dec. 31, 2013Dec. 31, 2012
CURRENT ASSETS:''
Cash$476,588 $238,124
Marketable securities764,088274,651
Accounts receivable, net of allowance of $0 and $0, respectively287,094252,567
Other current assets8,40015,000
Total Current Assets1,536,170780,342
Other noncurrent assets60,07857,833
TOTAL ASSETS1,596,248838,175
CURRENT LIABILITIES:''
Accounts payable627,695546,852
Accounts payable - related party'  19,625
Deferred compensation486,875396,875
Accrued liabilities593,710325,674
Deferred income13,37013,370
Derivative liabilities11,121145,970
Short term debt, net of unamortized discount of $0 and $0, respectively9,943150,431
Total Current Liabilities1,742,7141,598,797
COMMITMENTS AND CONTINGENCIES'  '  
Notes Payable, net of debt discount of $0 and $7,739, respectively'  629,261
TOTAL LIABILITIES1,742,7142,228,058
STOCKHOLDERS' DEFICIT''
Preferred stock:'  '  
Common Stock:450,000,000 shares authorized, par value $.001 per share; 283,657,190 and 294,650,743 shares issued and outstanding283,657294,651
Additional paid in capital14,529,75114,469,341
Treasury Stock, 37,174 and 37,174 shares held, respectively, at cost of -0-, as of December 31, 2013 and 2012.00
Accumulated deficit-14,959,874-16,153,925
TOTAL STOCKHOLDERS' DEFICIT-146,466-1,517,083
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT1,596,248838,175
Series A Preferred Stock [Member]''
STOCKHOLDERS' DEFICIT''
Preferred stock:'  '  
Series B Preferred Stock [Member]''
STOCKHOLDERS' DEFICIT''
Preferred stock:'  $50

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)Dec. 31, 2013Dec. 31, 2012
Allowance for Doubtful Accounts Receivable$0 $0
Debt Instrument, Net of Unamortized Discount00
Notes Payable, Net of Debt Discount07,739
Common Stock, Shares Authorized450,000,000450,000,000
Common Stock, Par Value$0.00 $0.00
Common Stock, Shares, Issued283,657,190294,650,743
Common Stock, Shares, Outstanding283,657,190294,650,743
Treasury Stock, Number of Shares Held37,17437,174
Treasury Stock, Cost$0 $0
Series A Preferred Stock [Member]''
Preferred Stock, Shares Authorized5,000,0005,000,000
Preferred stock, Par Value$0.00 $0.00
Preferred stock, shares issued'  '  
Preferred stock, shares outstanding'  '  
Series B Preferred Stock [Member]''
Preferred Stock, Shares Authorized5,000,0005,000,000
Preferred stock, Par Value$0.00 $0.00
Preferred stock, shares issued050,000
Preferred stock, shares outstanding050,000

Consolidated_Statement_of_Oper

Consolidated Statement of Operations (USD $)12 Months Ended
Dec. 31, 2013Dec. 31, 2012
Consolidated Statement of Operations''
Revenues$7,413,796 $8,125,196
Operating Expenses:''
Cost of revenues5,296,2805,792,283
Depreciation and amortization expense'  74,850
Gain on bad debt recovery'  -36,250
General and administrative expenses2,875,3633,923,919
Total Operating Expenses8,171,6439,754,802
Operating Loss-757,847-1,629,606
Other Income (Expense):''
Gain on extinguishment and forgiveness of liability793,7321,441,762
Gain (loss) on derivative liability210,180-547,318
Gain (loss) on extinguishment of debt'  75,618
Realized gain on marketable securities524,668'  
Unrealized gain on marketable securities622,769'  
Other income56,3945,721
Interest expense-255,845-907,916
Total Other Income (Expense)1,951,89867,867
Income (loss) from continuing operations1,194,051-1,561,739
Discontinued Operations:''
Loss from discontinued operations'  -541,508
Gain on sale of discontinued operations'  4,339,564
Total income (loss) discontinued operations'  3,798,056
Net Income$1,194,051 $2,236,317
Basic income (loss) per common share for continuing operations$0 ($0.01)
Basic income per common share for discontinued operations$0 $0.02
Total basic income per common share$0 $0.01
Diluted loss per share for continued operations$0 $0
Diluted income (loss) per common share for discontinued operations$0 $0.01
Total diluted income per common share$0 $0.01
Basic weighted average common shares outstanding289,674,514237,199,982
Diluted weighted average common shares outstanding290,668,814259,401,574

Consolidated_Statement_of_Chan

Consolidated Statement of Change in Shareholders' Deficit (USD $)TotalPreferred StockTreasury StockCommon StockAdditional Paid in CapitalAccumulated Deficit
Beginning Balance at Dec. 31, 2011($6,011,079)$50 '  $124,812 $12,254,301 ($18,390,242)
Beginning Balance, shares at Dec. 31, 2011'50,00037,174124,811,383''
Shares issued for services-194,100''14,150179,950'
Shares issued for services, shares'''14,150,000''
Shares issued for debt764,079''145,989618,090'
Shares issued for debt, shares'''145,989,360''
Shares issued for debt modification173,550''7,100166,450'
Shares issued for debt modification, shares'''7,100,000''
Shares issued for debt inducement11,486''60010,886'
Shares issued for debt inducement, shares'''600,000''
Shares issued for debt modification17,800''2,00015,800'
Shares issued for debt modification, shares'''2,000,000''
Loss on debt settlement of derivative liabilities through conversion of related notes payable1,223,864'''1,223,864'
Net income2,109,117''''2,236,317
Ending Balance at Dec. 31, 2012-1,517,0835037294,61414,469,341-16,281,125
Ending Balance, shares at Dec. 31, 2012'50,00037,174294,650,743''
Cancellation of preferred and common stock from settlement agreement with Continental'  -50'  -18,07918,129'  
Cancellation of preferred and common stock from settlement agreement with Continental, shares'-50,000'-18,079,267''
Shares issued for debt26,600''2,80023,800'
Shares issued for debt, shares'''2,800,000''
Shares issued for debt modification22,766''4,28518,481'
Shares issued for debt modification, shares'''4,285,714''
Net income1,321,251''''1,194,051
Ending Balance at Dec. 31, 2013($146,466)'  $37 $283,620 $14,529,751 ($14,959,874)
Ending Balance, shares at Dec. 31, 2013''  37,174283,657,190''

Consolidated_Statement_of_Cash

Consolidated Statement of Cash Flows (USD $)12 Months Ended
Dec. 31, 2013Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES''
Net income from continuing operations$1,321,251 $2,109,117
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:''
Gain on recovery of bad debt'  -36,250
Amortization of deferred financing costs'  19,879
Amortization of debt discount152,848784,409
Shares issued for services'194,100
Gain on sale of subsidiary'  -4,339,564
Gain on forgiveness of accounts payable and accrued liabilities'  -1,441,762
Amortization of intangible assets'  74,580
(Gain) loss on derivatives-210,180547,318
Gain (loss) on extinguishment of debt-793,732-75,618
Realized gain on trading securities-524,668'  
Unrealized gain on trading securities-622,769'  
Changes in:''
Increase in accounts receivable-34,527-144,698
Increase (decrease) in prepaid expense and other current assets4,334-18,727
Increase in deferred income'  -202,995
Increase in accrued liabilities456,3682,031,216
Increase in accounts payable80,043-35,102
Decrease in accounts payable, related party-19,625-162,925
Net cash provided by (used in) operating activities-317,057-569,822
CASH FLOWS FROM INVESTING ACTIVITIES''
Proceeds from sale of trading securities658,021'  
Cash paid transferred upon sale of Audio Eye, Inc.'  -4,841
Net cash provided by (used in) investing activities658,021-4,841
CASH FLOWS FROM FINANCING ACTIVITIES''
Payments on related parties debt'  -37,000
Advances from related parties'  9,704
Proceeds from issuance of debt104,50070,000
Proceeds from related party debt'  415,640
Capital contributions'  21,104
Payments on debt-207,000'  
Net change in line of credit'  -4,440
Net cash (used in) provided by financing activities-102,500475,008
Net increase in cash238,124-99,655
Cash, beginning of period238,124337,779
Cash, end of period476,588238,124
Supplemental cash flow information:''
Interest paid87,2734,675
Non-cash investing and financing activity:''
Discount on shares issued with notes payable98,09711,486
Reclassification of accrued liabilities into debt'  545,000
Reclassification of accounts payable to short term debt'  522,943
Reclassification of short term debt to accounts payable'  13,000
Discount on notes payable from derivative liability'  636,902
Reclassification of derivative liabilities to additional paid-in capital'  1,211,795
Conversion of debt to equity'  $755,007

Description_of_Business_and_Su

Description of Business and Summary of Significant Accounting Policies12 Months Ended
Dec. 31, 2013
Description of Business and Summary of Significant Accounting Policies [Abstract]'
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES'
NOTE 1: DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Business Activity
Creative Management Group, Inc. was formed in Delaware on August 13, 2002 as a limited liability company named Creative Management Group, LLC. On August 7, 2007, this entity converted to a corporation and changed its legal name to Creative Management Group Inc.  The Company is a sports, entertainment, marketing and management company providing event management implementation, sponsorships, licensing and broadcast, production and syndication.
On February 20, 2008, Creative Management Group, Inc. formed CMG Acquisitions, Inc., a Delaware company, for the purpose of acquiring companies and expansion strategies. On February 20, 2008, Creative Management Group, Inc. acquired 92.6% of Pebble Beach Enterprises, Inc. (a publicly traded company) and changed the name to CMG Holdings Group, Inc. (“the Company”). The purpose of the acquisition was to effect a reverse merger with Pebble Beach Enterprises, Inc. at a later date. On May 27, 2008, Pebble Beach entered into an Agreement and Plan of Reorganization with its controlling shareholder, Creative Management Group, Inc., a privately held Delaware corporation. Upon closing the eighty shareholders of Creative Management Group delivered all of their equity interests in Creative Management Group to Pebble Beach in exchange for shares of common stock in Pebble Beach owned by Creative Management Group, as a result of which Creative Management Group became a wholly-owned subsidiary of Pebble Beach. The shareholders of Creative Management Group received one share of Pebble Beach’s common stock previously owned by Creative Management Group for each issued and outstanding common share owned of Creative Management Group. As a result, the 22,135,148 shares of Pebble Beach that were issued and previously owned by Creative Management Group, are now owned directly by its shareholders. The 22,135,148 shares of Creative Management Group previously owned by its shareholders are now owned by Pebble Beach, thereby making Creative Management Group a wholly-owned subsidiary of Pebble Beach. Pebble Beach did not issue any new shares as part of the Reorganization. The transaction was accounted for as a reverse merger and recapitalization whereby Creative Management Group is the accounting acquirer. Pebble Beach was renamed CMG Holdings Group, Inc.
On April 1, 2009, the Company, through a newly formed wholly owned subsidiary CMGO Capital, Inc., a Nevada corporation, completed the acquisition of XA The Experiential Agency, Inc. On March 31, 2010, the Company and AudioEye, Inc. (“AudioEye”) completed the final Stock Purchase Agreement under which the Company acquired all of the outstanding capital stock of AudioEye. On June 22, 2011 the Company entered into a Master Agreement subject to shareholder approval as may be required under applicable law and subject to closing conditions with AudioEye Acquisition Corp., a Nevada corporation where the shareholders of AudioEye Acquisition Corp. exchanged 100% of the stock in AudioEye Acquisition Corp for 80% of the capital stock of AudioEye. The Company retained 15% of AudioEye subject to transfer restrictions in accordance with the Master Agreement; on October 2012, the Company distributed to its shareholders, in the form of a dividend, 5% of the capital stock of AudioEye in accordance with provisions of the Master Agreement.
Principles of Consolidation
The consolidated financial statements include the accounts of CMG Holdings Group, Inc., CMG Acquisition, Inc., CMGO Capital, Inc., XA The Experiential Agency, Inc. ("XA"), CMGO Logistics, Inc., USaveCT and USaveNJ, after elimination of all significant inter-company accounts and transactions.
Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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 revenues and expenses during the period reported. Estimates are used when accounting for allowance for doubtful accounts, depreciation, and contingencies. Actual results could differ from those estimates.
Concentrations of Risk
The Company maintains its cash balances at two financial institutions where they are insured by the Federal Deposit Insurance Corporation up to $250,000 each. At December 31, 2013 and 2012, neither of these accounts was in excess of the limit. The Company also maintains a money market investment account at one securities firm where the account is insured by the Securities Investor Protection Corporation up to $500,000 for the bankruptcy, etc., of the securities firm. At December 31, 2013 and 2012, the account had no balance in excess of the limit. For the years ended December 31, 2013 and 2012, one customer exceeds 10% of the Company’s total revenue, representing 72% and 64% of the Company’s total revenues during the year ended December 31, 2013 and 2012, respectively.
Revenue and Cost Recognition
The Company earns revenues by providing event management services under individually negotiated contracts with varying terms, recognizing revenue in accordance with ASC 605, Revenue Recognition, only when the price is fixed or determinable, persuasive evidence of an arrangement exists, the services have been provided and collectability is assured.   In arrangements where key indicators suggest the Company acts as principal, the Company records the gross amount billed to the client as revenue and the related costs incurred as operating expenses as the services are provided.
Accounts Receivable and Allowance for Doubtful Accounts
Accounts receivable are amounts due from event management services, are unsecured and are carried at their estimated collectible amounts. Credit is generally extended on a short-term basis and do not bear interest, although a finance charge may be applied to amounts outstanding more than thirty days. Accounts receivable are periodically evaluated for collectability based on past credit history with clients. Provisions for losses on accounts receivable are determined on the basis of loss experience, known and inherent risk in the account balance and current economic conditions.  There were no allowances for doubtful accounts as of December 31, 2013 or 2012.
Share-Based Compensation
The Company accounts for share-based compensation to employees in accordance with Accounting Standards Codification subtopic 718-10, Stock Compensation (“ASC 718-10”) and share-based compensation to non-employees in accordance with ASC 505-50 Accounting for Equity Instruments Issued to Non-Employees for Acquiring, or in Conjunction with Selling, Goods or Services. ASC 718-10 and 505-50 require the measurement and recognition of compensation expense for all share-based payment awards, including stock options based on the estimated fair values.
Derivative Instruments
The Company accounts for derivative instruments in accordance with ASC Topic 815, Derivatives and Hedging, and all derivative instruments are reflected as either assets or liabilities at fair value in the balance sheet.
The Company uses estimates of fair value to value its derivative instruments. Fair value is defined as the price to sell an asset or transfer a liability in an orderly transaction between willing and able market participants. In general, the Company’s policy in estimating fair values is to first look at observable market prices for identical assets and liabilities in active markets, where available. When these are not available, other inputs are used to model fair value such as prices of similar instruments, yield curves, volatilities, prepayment speeds, default rates and credit spreads (including for the Company’s liabilities), relying first on observable data from active markets. Additional adjustments may be made for factors including liquidity, credit, bid/offer spreads, etc., depending on current market conditions. Transaction costs are not included in the determination of fair value. When possible, The Company seeks to validate the model’s output to market transactions. Depending on the availability of observable inputs and prices, different valuation models could produce materially different fair value estimates. The values presented may not represent future fair values and may not be realizable. The Company categorizes its fair value estimates in accordance with ASC 820, Fair Value Measurements (ASC 820), based on the hierarchical framework associated with the three levels of price transparency utilized in measuring financial instruments.
Cash and Cash Equivalents
For purposes of the statement of cash flows, the Company considers all short-term debt securities purchased with maturity of three months or less to be cash equivalents.
Property and Equipment
Property and equipment are stated at cost, net of accumulated depreciation and amortization. Depreciation and amortization is computed using the straight-line method over the estimated useful lives of the respective assets, which is generally between three and five years. Depreciation expense was $0 and $0 for the years ended December 31, 2013 and December 31, 2012, respectively.
Intangible Assets
Intangible assets are stated at cost, net of accumulated amortization. Amortization is computed using the straight-line method over the estimated useful life of the respective asset, which is three years. Amortization expense was $0 and $74,580 for the years ended December 31, 2013 and December 31, 2012, respectively.
Income Taxes
The Company accounts for income taxes using the asset and liability approach. 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 bases. 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. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amounts expected to be realized.  Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.
Basic and Diluted Net Loss per Share
The Company computes net loss per share in accordance with ASC 260, Earnings Per Share, which requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net loss available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive.
Recently Issued Accounting Pronouncements
The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.
Fair Value Measurements
ASC 820 and ASC 825, Financial Instruments (ASC 825)requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. It establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. It prioritizes the inputs into three levels that may be used to measure fair value:
Level 1 – Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, marketable securities and listed equities.
Level 2 – Pricing inputs are other than quoted prices in active markets included in level 1, which are either directly or indirectly observable as of the reported date. Level 2 includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry-standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors, and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace. Instruments in this category generally include non-exchange-traded derivatives such as commodity swaps, interest rate swaps, options and collars.
Level 3 – Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value.
The Company’s financial instruments consist principally of cash, accounts receivable, accounts payable and accrued liabilities. Pursuant to ASC 820 and 825, the fair value of cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.
The following table sets forth by level with the fair value hierarchy the Company’s financial assets and liabilities measured at fair value on December 31, 2013 and 2012:
31-Dec-13Level 1Level 2Level 3Total
Marketable trading securities$764,088$-$-$764,088
Derivative Liabilities$-$-$11,121$11,121
31-Dec-12Level 1Level 2Level 3Total
Marketable trading securities$274,651$-$-$274,651
Derivative Liabilities$-$-$145,970$145,970
Investments in Debt and Equity Securities
The Company applies the provisions of Accounting Standards Codification 320, Investments – Debt and Equity Securities, regarding marketable securities. The Company invests in securities that are intended to be bought and held principally for the purpose of selling them in the near term, and as a result, classifies such investments as trading securities. Trading securities are recorded at fair value on the balance sheet with changes in fair value being reflected as unrealized gains or losses in the current period. In addition, the Company classifies the cash flows from purchases, sales, and maturities of trading securities as cash flows from operating activities.
Details of the Company's marketable trading securities as of December 31, 2013 and 2012 are as follows:
20132012
Aggregate fair value$764,088$274,651
Gross unrealized holding gains622,769-
Proceeds from sales ($573,022 stocks plus $85,000 options)$658,021$-
Gross realized gains (stocks and options)524,668-
Gross realized losses--
Other than temporary impairment--
Discontinued Operations
In accordance with ASC 205-20, Presentation of Financial Statements – Discontinued Operations, we reported the results of our subsidiary, AudioEye Inc., as a discontinued operation. The application of ASC 205-20 is discussed in Note 2 below.

Sale_of_Audio_Eye_Inc_and_Disc

Sale of Audio Eye, Inc. and Discontinued Operations12 Months Ended
Dec. 31, 2013
Sale of Audio Eye, Inc. and Discontinued Operations [Abstract]'
SALE OF AUDIO EYE, INC. AND DISCONTINUED OPERATIONS'
NOTE 2 - SALE OF AUDIO EYE, INC. AND DISCONTINUED OPERATIONS
On August 17, 2012 the Company sold its subsidiary Audio Eye, Inc.  The Company will retain 15% of AudioEye, Inc. subject to transfer restrictions in accordance with the Agreement. The Company will distribute to its shareholders, in the form of a dividend, 5% of the capital stock of AudioEye, Inc. AudioEye, Inc. has finalized a Royalty Agreement with the Company to pay to the Company 10% of cash received from income earned, settlements or judgments directly resulting from, AudioEye Inc’s patent enforcement and licensing strategy.  Additionally, AudioEye, Inc. has finalized a Consulting Services Agreement with the Company whereby the Company will receive a commission of not less than 7.5% of all revenues received by AudioEye, Inc. after the closing date from all business, clients or other sources of revenue procured by the Company or its employees, officers or subsidiaries and directed to AudioEye, Inc. and 10% of net revenues obtained from a third party described in the agreement.
On August 21, 2012, the board of directors of the Company declared October 26, 2012 as the record date for the dividend of 5% of Audio Eye, Inc. stock.  The dividend was paid to the shareholders of record as of the close of business on October 26, 2012 and issued March 22, 2013, when AudioEye completed its registration process and issued the shares to the Company.
  
As consideration for the sale, the purchaser repaid $1,075,000 of debt previously owed by CMG to the CMGO Investors group.  As a result of the sale of AudioEye, the net assets of AudioEye and the related accrued interest of $203,590 were written off during the year ended December 31, 2012. In addition, the Company is currently holding AudioEye shares with a fair value of $764,088. A gain of $4,115,771 was recorded for the sale of AudioEye for the year ended December 31, 2012 as follows:
Repayment of CMGO Debt  $1,075,000 
Accrued Interest on CMGO Debt    203,590 
Shares of AudioEye, Inc. Retained    268,750 
Net Assets of AudioEye, Inc. Sold    2,568,431 
    $4,115,771 
As a result of the sale of AudioEye, the Company has segregated its operating results and presented them separately as discontinued operations for all periods presented. The results of operations for the year ended December 31, 2012 only reflect activity of AudioEye until the finalization of the sale on August 17, 2012.
A summarized operating result for discontinued operations is as follows:
    For the Year Ended
December 31,
    2013    2012 
Revenues   $-    (95,736)
Cost of revenues    -      198,568 
Depreciation and amortization expense    -      2,078 
Operating expenses    -      422,339 
Operating Loss            527,249 
                 
Unrealized gain on marketable securities    -      24,000 
Interest Expense    -      (377)
Net Loss from discontinued operations   $-     $503,626
 Summary of asset and liabilities of discontinued operations is as follows:
August 17,  December 31,
20122012
Cash  $4,841    $27,425 
Receivables    47,429      10,901 
Receivables - related party    15,250      13,125 
Investments    42,000      18,000 
Property and Equipment    7,688      6,000 
Total assets of discontinued operations  117,208    $75,451 
                 
Accounts payable and accrued liabilities    1,195,622      828,407 
Deferred income    114,378      12,308 
Short term debt    24,000      72,900 
Long term debt    1,351,640      1,245,843 
Total liabilities of discontinued operations  $2,685,640    $2,159,458

Equity

Equity12 Months Ended
Dec. 31, 2013
Equity [Abstract]'
EQUITY'
NOTE 3 - EQUITY
Preferred Stock
Series B Preferred Stock and Inventory Purchase
On March 31, 2011 the Company acquired 20,000 cartoon animated cels (the “Cel Art”) from Continental Investments Group, Inc. (the “Agreement”). The Company issued 50,000 shares of its Series B Convertible Preferred Stock to Continental Investments Group, Inc. as consideration for the Cel Art, such shares of Series B Convertible Preferred Stock having a stated value per share of $100. The Cel Art consists of collectible, hand-painted cartoon animation cels. The shares of Series B Preferred Stock are convertible into common shares of the Company at the stated value of $100 per share divided by the volume weighted average trading price for the 30 days prior to conversion. The preferred shares are non-voting and do not receive dividends. The Company determined the fair value of the preferred stock to be $3,240,502 on the acquisition date based on the number of shares of common stock the preferred shares could be converted into and the market price of the common stock on the agreement date. The cartoon animated cels are valued at the lower of cost or market. As of December 31, 2011, Management wrote down the inventory to zero. The Company also analyzed the embedded conversion option for derivative accounting consideration under ASC 815-15 and determined that the conversion option should be classified as equity.  During the year ended December 31, 2011, the Company determined that due to uncertainties related to future sales of the Cel Art, the entire balance should be reserved as of December 31, 2011.
During August 2013, the Company entered into a Termination Agreement and Release (the “Agreement”) with Continental Investments Group (Continental), the holder of a $85,000 convertible note payable of the Company and the holder of 2,500,000 shares of restricted common stock.  The Agreement calls for the termination and cancellation of a Sale and Purchase agreement, whereby the Company agreed to issue 50,000 shares of Series B Convertible Preferred Stock in exchange for 20,000 cartoon animated Cels. The Agreement also calls for the cancellation of the $85,000 convertible note and related interest and for Continental to return the 2,500,000 shares of restricted common stock.
Series A Preferred Stock Issuance and Rescission
On March 31, 2011 the Company approved the issuance of 51 shares of preferred stock designated as Series A Convertible Preferred Stock (the “Series A Preferred Stock”) to three officers of the Company in consideration for the officers forgiving $300,000 of accrued salaries. Each share of Series A Preferred Stock is convertible into 1% of the Company’s common stock. The number of votes for the Series A Preferred Stock shall be the same number as the amount of shares of Common Stock that would be issued upon conversion. The Series A Preferred Stock is not entitled to dividends or preference upon liquidation. On May 16, 2011 the Company rescinded the above agreement with an effective date of March 31, 2011. There are no shares of Series A Preferred Stock issued or outstanding as December 31, 2013 or 2012.
Common Stock
Shares Issued for Conversion of Debt
During the year ended December 31, 2012 the Company issued 145,989,360 shares of common stock to convert $764,079 of notes payable and accrued interest.  See also Note 4.
On April 25, 2013, the Company issued 4,285,714 shares of common stock to convert $15,000 of the convertible promissory note that was issued to Asher Enterprises, Inc. on October 16, 2012. See also Note 4.
During June 2013, the Company issued 2,800,000 shares of common stock to settle a $637,000 note payable, resulting in a gain on settlement of debt of $610,400.
Shares Issued for Services
During the year ended December 31, 2012, the Company engaged several consultants to perform services and issued 14,150,000 shares as compensation for services, recognizing $194,100 in expense during the year ended December 31, 2012.
Shares Issued Related to Debt
On June 5, 2012, the Company issued 2,000,000 restricted common shares to modify the terms of a convertible note. A fee for debt servicing of $17,800 was recorded for the issuance of these shares during the year ended December 31, 2012.
In August 2012, the Company issued 1,100,000, 1,000,000 and 5,000,000 restricted common shares in exchange for an extension of the maturity date on the note owed to CMGO Investors, LLC. As the note was extinguished on August 17, 2012 as a part of the sale of AudioEye, a loss on debt extinguishment of $173,550 was recorded for the issuance of these shares during the year ended December 31, 2012.
On September 7, 2012, the Company issued 600,000 restricted common shares in conjunction with two convertible notes. A debt discount was recorded of $11,486 for the relative fair value of the shares.  Amortization of the debt discount to interest expense totaled $5,663 during the year ended December 31, 2012.
During August 2013, the Company entered into a Termination Agreement and Release (the “Agreement”) with Continental Investments Group (Continental), the holder of a $85,000 convertible note payable of the Company and the holder of 2,500,000 shares of restricted common stock.  The Agreement called for the termination and cancellation of a Sale and Purchase agreement, whereby the Company agreed to issue 50,000 shares of Series B Convertible Preferred Stock in exchange for 20,000 cartoon animated Cels. The Agreement also called for the cancellation of the $85,000 convertible note and related interest and for Continental to return the 2,500,000 shares of restricted common stock and 50,000 shares of Series B Convertible Preferred Stock, valued at par of $2,550. This resulted in a gain on settlement of debt of $85,000.
Common Stock Warrants
During 2011, eight individuals purchased 3,870,000 shares of common stock, 774,000 A Warrants and 774,000 B Warrants for $217,000.  A total of 574,000 and 200,000 A Warrants are exercisable at a strike price of $0.25 and $0.10, respectively for three years; 574,000 and 200,000 B Warrants are exercisable at a strike price of $0.50 and $0.20, respectively for three years. The Company can call each of the Warrants after twelve months if the price of the Common Shares of the Company in the Market is 150% of the Warrant strike price for 10 consecutive days.
During March 31, 2010, 250,000 shares of warrants issued to AudioEye at an exercise price of $0.07 per share and a term of 5 years. See Note 5 for additional information on the derivative liability.
A summary of warrant activity for year ended December 31, 2013 and 2012 is as follows:
OutstandingWeighted
andaverage
ExercisableExercise Price
31-Dec-111,798,000$0.28
Granted--
Exercised--
31-Dec-121,798,000$0.28
Granted--
Exercised--
31-Dec-131,798,000$0.28
As of December 31, 2013, the warrants have a weighted average remaining life of 0.53 years with $0 aggregate intrinsic value.

Notes_Payable

Notes Payable12 Months Ended
Dec. 31, 2013
Notes Payable [Abstract]'
NOTES PAYABLE'
NOTE 4 - NOTES PAYABLE
Asher Enterprises, Inc.
On October 16, 2012 the Company issued a convertible promissory note for $32,500 to Asher. The convertible promissory note bears interest at 8% and is due on July 18, 2013 and any amount not paid by July 18, 2013 will incur a 22% interest rate. The note is convertible at 50% of the average of the lowest three trading prices for the Company’s common stock during the ten trading day period prior to the conversion date after 180 days. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 and determined that the instrument should be classified as liabilities once the conversion option becomes effective after 180 days due to their being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.
In conjunction with the issuance of the promissory note, $2,500 was recorded as debt discount. The discount is being amortized over the term of the note to interest expense. During April 2013, the Company paid off the $32,500 note and accrued interest and penalties of $10,000.  The discount balance was $0 and $1,809 as of December 31, 2013 and 2012, respectively.  Amortization of $34,309 was recognized as interest expense during the year ended December 31, 2013.
On May 20, 2013 the Company issued a convertible promissory note for $53,000 to Asher. The convertible promissory note bears interest at 8% and is due on February 24, 2014 and any amount not paid by the due date will incur a 22% interest rate. The note is convertible at 58% of the average of the lowest trading prices for the Company’s common stock during the ten trading day period prior to the conversion date after 180 days. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the instrument should be classified as liabilities once the conversion option becomes effective after 180 days due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options.
During December 2013, the Company paid off the $53,000 note and accrued interest of $18,023.  
Paul Sherman Agreement
On May 12, 2012, the Company modified its July 24, 2011 agreement with Paul Sherman into a $9,943 convertible promissory note bearing interest at 2% and due on May 15, 2013. The convertible promissory note is convertible at a price equal to the close price on the day prior to Paul Sherman’s request for conversion, but not to go below $.001. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 and determined that the instrument should be classified as a liability. The fair value of the embedded conversion option resulted in a discount of $8,875 on the date of the note. The discount is being amortized over the term of the note to interest expense. The discount balance was $0 and $3,376 as of December 31, 2013 and 2012, respectively.  Amortization of $3,376 was recognized as interest expense as of December 31, 2013. The convertible promissory note has an outstanding balance of $9,943 and $9,943 as of December 31, 2013 and 2012, respectively.
Continental Equities, LLC
On September 7, 2012 the Company issued a convertible promissory note for $50,000 to Continental Equities, LLC (“Continental”) for the assignment of an equivalent amount of the Company’s account payable to Continental. The convertible promissory note bears interest at 12% and was due on May 15, 2013.  During December 2013, the Company paid off the $50,000 note and accrued interest and penalties of $34,000.  
On September 7, 2012 the Company issued a convertible promissory note for $20,000 to Continental Equities, LLC for the assignment of an equivalent amount of the Company’s accrued interest to Continental. The convertible promissory note bore interest at 12%. During May 2013, a related party entity paid the $20,000 convertible promissory note plus accrued interest in full.
Hudson Capital Advisors, Inc.
On January 5, 2012, the Company modified its July 11, 2011 agreement with Hudson Capital Advisors, Inc. (“Hudson”) into a $100,000 convertible debenture note bearing interest at 2% due on January 5, 2013. The new note was convertible at the lowest trading price in the three days prior to the day that Hudson requests conversion, with a floor of $.01. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the instrument should be classified as a liability. The fair value of the embedded conversion option resulted in a discount of $87,614 on the date of the note. See Note 5 for additional information on the derivative liability. The entire principal balance was converted into common stock and the entire discount of $87,614 was amortized to interest expense during the year ended December 31, 2012.
Braeden Storm Enterprises, Inc.
On January 5, 2012, the Company modified its July 6, 2011 agreement with Braeden Storm Enterprises, Inc. (“Braeden”) into a $90,000 convertible debenture note bearing interest at 2% due on January 6, 2013. The new note was convertible at the lowest trading price in the three days prior to the day that Braeden requests conversion, with a floor of $.01. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the instrument should be classified as a liability. The fair value of the embedded conversion option resulted in a discount of $79,254 on the date of the note. See Note 5 for additional information on the derivative liability. The entire principal balance was converted into common stock and the entire discount of $79,254 was amortized to interest expense during the year ended December 31, 2012.
On February 10, 2012, the Company assigned $56,000 of its accounts payable from a third party to Braeden. The convertible promissory note bears interest at 10% due on April 15, 2013. The new note was convertible at 50% of the lowest trading price in the three days prior to the day that Braeden requests conversion. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the instrument should be classified as a liability. The fair value of the embedded conversion option resulted in a full discount on the date of the note. The entire principal balance was converted into common stock and the entire discount of $56,000 was amortized to interest expense during the year ended December 31, 2012.
Martin Boyle
On January 5, 2012, the Company modified its September 2, 2011 agreement with Martin Boyle into a $35,000 convertible debenture note bearing interest at 2% due on January 8, 2013. The new convertible debenture note was convertible at the lowest trading price in the three days prior to the day Martin Boyle requests conversion, with a floor of $.01. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the instrument should be classified as a liability. The fair value of the embedded conversion option resulted in a discount of $30,667 on the date of the note. The discount will be amortized over the term of the note to interest expense. See note 5 for additional information on the derivative liability. The entire principal balance was converted into common stock and the entire discount of $30,667 was amortized to interest expense during the year ended December 31, 2012.
  
Scott Baily
On January 8, 2012, the Company modified its October 2, 2011 agreement with Scott Baily into a $60,000 convertible debenture note bearing interest at 2% due on January 5 2013. The new convertible debenture note was convertible at the lowest trading price in the three days prior to the day that Scott Baily requests conversion, with a floor of $.01. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the instrument should be classified as a liability. The fair value of the embedded conversion option resulted in a discount of $52,685 on the date of the note. On April 26, 2012, the entire principal balance was converted into common stock and the entire discount of $52,685 was amortized to interest expense during the year ended December 31, 2012.
Grassy Knolls, LLC
On January 4, 2012, the Company modified its July 5, 2011 agreement with Grassy Knolls, LLC (“Grassy Knolls”) into a $72,000 convertible debenture note bearing interest at 2% due on January 4, 2013. The new convertible debenture note was convertible at the lowest trading price in the three days prior to the day that Grassy Knolls requests conversion, with a floor of $.01. The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the instrument should be classified as a liability. The fair value of the embedded conversion option resulted in a discount of $70,375 on the date of the note. The entire principal balance was converted into common stock and the entire discount of $70,375 was amortized to interest expense during the year ended December 31, 2012.
CMGO Investors, LLC
During year ended December 31, 2010, the Company borrowed $1,075,000 under five 13% Senior Secured Convertible Extendible Notes from third parties that originally matured on October 1, 2011. The Company issued 7,100,000 shares of common stock to extend the maturity date of the note on April 13, 2012, resulting in a loss on debt extinguishment of $173,550, and a debt discount of $6,509 which has been amortized into interest expense during the year ended December 31, 2012. As part of the sale of AudioEye on August 17, 2012 described in Note 2, these notes were repaid by AudioEye and the liability was eliminated from the Company.
Aware Capital Consultants Inc.
As of December 31, 2011, the Company had an outstanding balance of notes payable due to Aware Capital Consultants Inc. of $15,000. The entire principal balance was converted into common stock and the remaining discount of $9,136 was amortized to interest expense during the year ended December 31, 2012.
Magna Group LLC.
On October 17, 2011, the Company assigned $148,000 of its accounts payable from a third party to Magna Group, LLC (“Magna”). The convertible promissory note bore interest at 10%, was due on October 17, 2012 and was convertible at 58% of the lowest trading price in the three days prior to the conversion date. The entire principal balance was converted into common stock and the remaining debt discount of $70,470 was amortized to interest expense during the year ended December 31, 2012.
On April 11, 2012, the Company assigned $50,000 of its accounts payable from a third party to Magna. The convertible promissory note bore interest at 10%, was due on April 13, 2013 and was convertible at 58% of the lowest trading price in the three days prior to the conversion date. The entire principal balance was converted into common stock and the Company amortized $50,000 of the related discount to interest expense during the year ended December 31, 2012.
Hanover Holdings, LLC and Seymour Flicks
On October 17, 2011, the Company issued a convertible promissory note for $50,000 to Hanover Holdings, LLC. On June 5, 2012, Hanover assigned $25,000 principal and related interest to Seymour Flicks and modified the terms of the convertible promissory note. The new convertible promissory of $34,040 bore interest at 10%, was due June 5, 2013 and was convertible at a 42% discount of the lowest trading price for the Company’s common stock during the three trading day period prior to the conversion date, with a floor of $0.009. The Company recognized a $7,451 loss on debt extinguishment in relation to the debt modification. The Company analyzed the conversion options for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the instruments should be classified as liabilities (see also Note 5). The fair value of the embedded conversion options resulted in debt discounts of $34,375 and $34,040 on the dates of the convertible promissory notes.  During the year ended December 31, 2012, the entire principal balance of both convertible notes was converted into common stock and the Company amortized a total of $68,415 of the related debt discount to interest expense.
Connied, Inc.
On April 11, 2011 the Company assigned $135,000 of its account payable from a third party to Connied, Inc. (“Connied”). On May 3, 2011, the Company amended the assigned account payable to add a conversion feature. The new note was convertible at 50% of the average of the five lowest closing prices for the Company's stock during the previous 30 trading days. The remaining balance of $85,000 was recorded as short term debt. The note bears interest at 20% and is due on May 2, 2013.
The Company analyzed the conversion option for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the embedded conversion feature should be classified as a liability due to their being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options. The embedded conversion feature was measured at fair value at inception and on the date of conversion with the change in fair value recorded to earnings. The addition of the embedded conversion option resulted in a full discount to the note of $85,000 on May 3, 2011.
During August 2013, the Company entered into a Termination Agreement and Release (the “Agreement”) with Continental Investments Group (Continental), the holder of a $85,000 convertible note payable of the Company and the holder of 2,500,000 shares of restricted common stock.  The Agreement calls for the termination and cancellation of a Sale and Purchase agreement, whereby the Company agreed to issue 50,000 shares of Series B Convertible Preferred Stock in exchange for 20,000 cartoon animated Cels. The Agreement also calls for the cancellation of the $85,000 convertible note and related interest and the Continental to return the 2,500,000 shares of restricted common stock and 50,000 shares of Series B Convertible Preferred Stock, valued at par of $2,550. This resulted in a gain on settlement of debt of $85,000.
The discount was being amortized over the term of the note to interest expense. The discount balance was $0 and $34,170 as of December 31, 2013 and 2012, respectively.  Amortization of $34,170 was recognized as interest expense as of December 31, 2013.  The convertible promissory note has an outstanding balance of $0 and $85,000 as of December 31, 2013 and 2012, respectively.
Alan Morell
On September 26, 2012, the Company issued two convertible promissory notes for $112,000 and $525,000 to Alan Morell for outstanding amounts owed for the Company’s line of credit and accrued salary, respectively. The notes bore interest at 2% and were due on April 4, 2013 and April 26, 2014, respectively. The notes became convertible at $0.04 and $0.06, respectively, as of November 15, 2012. During June 2013, the Company issued 2,800,000 shares of common stock to settle the notes totaling $637,000, resulting in a gain on settlement of debt of $610,400.
The Company analyzed the conversion options for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the embedded conversion feature should be classified as a liability due to their being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options. The embedded conversion feature was measured at fair value at inception and on the date of conversion with the change in fair value recorded to earnings.  The addition of the embedded conversion options resulted in a discount to the notes of $27,573 on November 15, 2012. The discounts were being amortized over the terms of the notes to interest expense. The discount balances were $0 and $7,739 as of December 31, 2013 and 2012, respectively.  Amortization of $7,739 was recognized as interest expense during the year ended December 31, 2013.  The convertible promissory notes have an outstanding balance of $0 and $637,000 as of December 31, 2013 and 2012, respectively.
Infinite Alpha
On April 29, 2013 the company issued a convertible promissory note for $51,500 to Infinite Alpha with undetermined conversion terms. The promissory note was unsecured, bore interest at 20%, and was due on demand.  During December 2013, the Company paid off the $51,500 note and accrued interest and penalties of $10,250.
During the year ended December 31, 2013, the Company wrote off $98,332 of accrued interest to gain on settlement of debt. The total gain on settlement of debt recorded was $793,732 and total amortization of debt discount was $152,848 as of December 31, 2013.

Derivative_Liabilities

Derivative Liabilities12 Months Ended
Dec. 31, 2013
Derivative Liabilities [Abstract]'
DERIVATIVE LIABILITIES'
NOTE 5 - DERIVATIVE LIABILITIES
The Company has various convertible instruments outstanding more fully described in Note 4.  Because the number of shares to be issued upon settlement cannot be determined under these instruments, the Company cannot determine whether it will have sufficient authorized shares at a given date to settle any other of its share-settleable instruments. As a result, under ASC 815-15 “Derivatives and Hedging”, all other share-settleable instruments must be classified as liabilities.
Embedded Derivative Liabilities in Convertible Notes
During the years ended December 31, 2013 and 2012, the Company recognized new derivative liabilities of $98,097 and $721,590, respectively, as a result of new convertible debt issuances.  The fair value of these derivative liabilities exceeded the principal balance of the related notes payable by $0 and $138,820 for the years ended December 31, 2013 and 2012, respectively.  As a result of conversion of notes payable described in Note 4, the Company reclassified $0 and $9,240,920 from equity and $0 and $1,213,271 of derivative liabilities to equity during the years ended December 31, 2013 and 2012, respectively.  The Company recognized ($210,810) and $404,688 as a (gain) loss on derivatives due to change in fair value of the liability during the year ended December 31, 2013 and 2012, respectively. The fair value of the Company’s embedded derivative liabilities was $11,121 and $145,970 at December 31, 2013 and 2012, respectively
Warrants
During 2011, 774,000 A Warrants and 774,000 B warrants were issued to individuals. The Company determined that the instruments embedded in the warrants should be classified as liabilities.  During March 31, 2010, 250,000 shares of warrants issued to AudioEye at an exercise price of $0.07 per share and a term of 5 years.
Under ASC 815-15, the liabilities were subsequently measured at fair value at the end of each reporting period with the change in fair value recorded to earnings. The fair value of all outstanding warrants as of December 31, 2013 and 2012 was $1,811 and $12,007, respectively.  The Company recognized a gain of $10,196 and $333 related to the warrants for the years ended December 31, 2013 and 2012, respectively.
The following table summarizes the derivative liabilities included in the consolidated balance sheet:
Derivative Liabilities
Balance at December 31, 2011444,150
ASC 815-15 additions721,590
Change in fair value192,025
ASC 815-15 deletions(1,211,795)
Balance at December 30, 2012145,970
ASC 815-15 additions98,097
Change in fair value(210,180)
ASC 815-15 deletions(22,766)
Balance at December 30, 2013$11,121
The Company values its warrant derivatives and all other share settable instrument using the Black-Scholes option pricing model. Assumption used include (1) 0.06% to 0.13% risk-free interest rate, (2) life is the remaining contractual life of the instrument (3) expected volatility 55% to 239%, (4) zero expected dividends, (5) exercise price as set forth in the agreements, (6) common stock price of the underlying share on the valuation date, and (7) number of shares to be issued if the instrument is converted.

Legal_Proceedings

Legal Proceedings12 Months Ended
Dec. 31, 2013
Legal Proceedings [Abstract]'
LEGAL PROCEEDINGS'
NOTE 6 - LEGAL PROCEEDINGS
We are subject to certain claims and litigation in the ordinary course of business. It is the opinion of management that the outcome of such matters will not have a material adverse effect on our consolidated financial position, results of operations or cash flows.
On April 21, 2011, the Company was served with a lawsuit that was filed in Clark County, Nevada against the Company by A to Z Holdings, LLC and seven other individuals or entities. The complaint alleges, among other things, that the Company’s Board of Directors did not have the power to designate series A and B preferred stock without amending the articles of incorporation. The complaint also alleges any such amendment would require shareholder approval and filing of a proxy statement. On April 20, 2012, the Company settled with A to Z Holdings, LLC and seven other individuals or entities for $10,000.
On July 6, 2011, the Company was served with a lawsuit filed in the Circuit Court for the County of Multnomah, Oregon. The complaint alleges breach of contract and entitlement to consulting fees from the Company. The Company disagrees with the allegations contained in the Complaint and intends to vigorously defend the matter and otherwise enforce its rights with respect to the matter. The Company has retained counsel and is prepared to defend this lawsuit. The Company believes that the claims are frivolous pursuant to the terms of the contract. The case was settled on September 28, 2012 for $30,000. The Company has accrued for this liability as of December 31, 2013 and 2012.
On March 28, 2014 we received a letter from a former Chief Executive Officer of our subsidiary, XA, claiming unpaid severance and paid- time-off. Total of the contingent claim amounted to $250,661.  We are currently in the process to settle the claim.

Related_Party_Transactions

Related Party Transactions12 Months Ended
Dec. 31, 2013
Related Party Transactions [Abstract]'
RELATED PARTY TRANSACTIONS'
NOTE 7 - RELATED PARTY TRANSACTIONS
The Company had outstanding accounts payable to a former officer and director who was a related party at December 31, 2012 of $19,625. The payables represent legal and administrative fees paid on behalf of the Company.  These payables were settled during the year ended December 31, 2013.
During December 2012, the Company entered into a Mutual Separation Agreement and General Release (“Separation Agreements”) with former officers and directors of the Company, James Ennis, CEO and Chairman, and Michael Vandetty, Chief Legal Counsel and Director.  The Separation Agreements provide for the termination of the former officers employment agreements and waiver of the employment agreement severance clauses as well as forgiveness of a total of $39,532 in accrued expenses and $670,730 in accrued salary due the former officers.  The forgiven amounts due were recorded as contributions of capital during the year ended December 31, 2012.
One of Company’s subsidiaries has business trade payable due to a consulting firm which is controlled by its former CEO. The payable for $47,912 and $27,280 is included in account payable as of December 31, 2013 and 2012, respectively.  Total amount billed to the Company from the consulting firm is $142,060 and $151,245 for the year ended 2013 and 2012, respectively.

Segments

Segments12 Months Ended
Dec. 31, 2013
Segments [Abstract]'
SEGMENTS'
NOTE 8 - SEGMENTS
The Company had one reportable segment during the year ended December 31, 2013, event marketing, and three reportable segments during the year ended December 31, 2012, event marketing, talent management and consulting services. During the year ended December 31, 2012, the Company discontinued the talent management and consulting services segments (see Notes 9 and 2, respectively) and has one remaining segment, event marketing, at December 31, 2013 and 2012.

Sale_of_Creative_Management_of

Sale of Creative Management of Delaware, Inc.12 Months Ended
Dec. 31, 2013
Sale Of Creative Management [Abstract]'
SALE OF CREATIVE MANAGEMENT OF DELAWARE, INC.'
NOTE 9 - SALE OF CREATIVE MANAGEMENT OF DELAWARE, INC.
On June 25, 2012, the Company, as a result of desiring to exit from the talent management business, sold its wholly owned subsidiary Creative Management of Delaware, Inc. (formerly Creative Management Group, Inc.) to Creative Management Global, Inc. pursuant to a Stock Purchase Agreement. The Purchase Price of this Agreement calls for Creative Management Global, Inc. to pay to the Company as consideration for the shares of Creative Management of Delaware, Inc., a royalty payment and deferred payment. The royalty payment is effective as of the closing of this agreement and for a period of nineteen (19) months of 10% of cash or other payment received as gross revenues less direct costs earned. The remainder of the purchase price, following payment of the royalty payments, will consist of a final payment to the Company by Creative Management Global, Inc. in the amount of One Hundred Thirty Three Thousand ($133,000). The final payment will be paid after Creative Management Global, Inc. year-end 2013 financial statements are completed and audited by an independent accounting firm and will reflect the total company gross revenues less direct costs for the years 2012, and 2013. No assets have been sold in this transaction and, as a result, no gain was recorded on the sale of this subsidiary.

Resignation_of_Chief_Executive

Resignation of Chief Executive Officer and Chairman of The Board.12 Months Ended
Dec. 31, 2013
Resignation Of Chief Exective Officer And Chairman Of The Board [Abstract]'
RESIGNATION OF CHIEF EXECUTIVE OFFICER AND CHAIRMAN OF THE BOARD'
NOTE 10 – RESIGNATION OF CHIEF EXECUTIVE OFFICER AND CHAIRMAN OF THE BOARD.
On September 26, 2012, Alan Morell officially resigned as Chief Executive Officer and Director of the Company. In conjunction with the resignation, Mr. Morell was issued a convertible note for $525,000 representing the amount of accrued salary owed to him by the company up to the date of resignation and assumed all obligations related to a Smith Barney Credit Line that was secured by Mr. Morell’s security accounts and issued another convertible note to Morell for $112,000. The notes bore interest at 2% and were due on April 26, 2014. The notes were convertible beginning on November 15, 2012 at a conversion price of $0.06 per share. During June 2013, the Company issued 2,800,000 shares of common stock to settle the notes totaling $637,000, resulting in a gain on settlement of debt of $610,400.

Going_Concern

Going Concern12 Months Ended
Dec. 31, 2013
Going Concern [Abstract]'
GOING CONCERN'
NOTE 11 GOING CONCERN
These consolidated financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business.
The Company has a working capital deficit and has generated recurring net losses. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders and the ability of the Company to obtain necessary equity or debt financing to continue and expand operations.
These consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. These factors raise substantial doubt regarding the ability of the Company to continue as a going concern.
Besides ongoing revenues from continuing operations, the Company may need to raise additional funds to expand operations to the point at which the Company can achieve profitability.

Commitments_and_Contingencies

Commitments and Contingencies12 Months Ended
Dec. 31, 2013
Commitments and Contingencies [Abstract]'
COMMITMENTS AND CONTINGENCIES'
NOTE 12 - COMMITMENTS AND CONTINGENCIES
The Company subsidiary rents office space for its office at Chicago and New York. The lease expires in March 31, 2021 for its Chicago office.  During 2013, the Company renewed a five year lease expiring May 31, 2018 for its New York office.  Future minimum lease payments under the two operating lease are as follows:
Year ending December 31, 2013
2014$191,137
2015196,805
2016202,572
2018208,440
2019141,784
After214,205
Except as discussed above in Note 6, The Company is not the subject of any pending legal proceedings and, to the knowledge of management; no proceedings are presently contemplated against the Company by any federal, state or local governmental agency.

Subsequent_Events

Subsequent Events12 Months Ended
Dec. 31, 2013
Subsequent Events [Abstract]'
SUBSEQUENT EVENTS'
NOTE 13 - SUBSEQUENT EVENTS
On March 28, 2014, CMG Holdings, Inc. (the “Company” or “CMG”), completed its acquisition of 100% of the shares of Good Gaming, Inc. (“GGI”) by entering into a Share Exchange Agreement (the “SEA”) with BMB Financial, Inc. and Jackie Beckford, GGI’s shareholders. The owner of BMB Financial, Inc. is also the owner of Infinite Alpha, Inc. which provides consulting services to CMG. Pursuant to the SEA, for 100% of the shares of GGI, CMG paid: 5,000,000 shares of its $0.001 par value per share common stock, $33,000 in equipment and consultant compensation and a commitment to pay $200,000 in development costs, of which $50,000 had been advanced by the Company. In addition, the SEA calls for CMG to adopt an incentive plan for GGI pursuant to which the GGI officers, directors and employees are to receive up to 30% of the net profits of GGI and up to 30% of the proceeds of any sale of GGI or its assets.
On March 28, 2014 we received a letter from a former CEO of our subsidiary, XA, claiming unpaid severance and paid- time- off . Total of the contingent claim amounted to $250, 661. We are currently in the process to settle the claim.
On January 28, 2014, we sold a total of 1,500,000 shares of Common Stock to an investor for gross proceeds of $15,000.
On April 9, 2014, we issued a total of 522,000 shares of Common Stock to a consult for investor relation services to be performed pursuant to a Consulting Agreement, dated June 13, 2012.

Description_of_Business_and_Su1

Description of Business and Summary of Significant Accounting Policies (Policies)12 Months Ended
Dec. 31, 2013
Description of Business and Summary of Significant Accounting Policies [Abstract]'
Business Activity'
Business Activity
Creative Management Group, Inc. was formed in Delaware on August 13, 2002 as a limited liability company named Creative Management Group, LLC. On August 7, 2007, this entity converted to a corporation and changed its legal name to Creative Management Group Inc.  The Company is a sports, entertainment, marketing and management company providing event management implementation, sponsorships, licensing and broadcast, production and syndication.
On February 20, 2008, Creative Management Group, Inc. formed CMG Acquisitions, Inc., a Delaware company, for the purpose of acquiring companies and expansion strategies. On February 20, 2008, Creative Management Group, Inc. acquired 92.6% of Pebble Beach Enterprises, Inc. (a publicly traded company) and changed the name to CMG Holdings Group, Inc. (“the Company”). The purpose of the acquisition was to effect a reverse merger with Pebble Beach Enterprises, Inc. at a later date. On May 27, 2008, Pebble Beach entered into an Agreement and Plan of Reorganization with its controlling shareholder, Creative Management Group, Inc., a privately held Delaware corporation. Upon closing the eighty shareholders of Creative Management Group delivered all of their equity interests in Creative Management Group to Pebble Beach in exchange for shares of common stock in Pebble Beach owned by Creative Management Group, as a result of which Creative Management Group became a wholly-owned subsidiary of Pebble Beach. The shareholders of Creative Management Group received one share of Pebble Beach’s common stock previously owned by Creative Management Group for each issued and outstanding common share owned of Creative Management Group. As a result, the 22,135,148 shares of Pebble Beach that were issued and previously owned by Creative Management Group, are now owned directly by its shareholders. The 22,135,148 shares of Creative Management Group previously owned by its shareholders are now owned by Pebble Beach, thereby making Creative Management Group a wholly-owned subsidiary of Pebble Beach. Pebble Beach did not issue any new shares as part of the Reorganization. The transaction was accounted for as a reverse merger and recapitalization whereby Creative Management Group is the accounting acquirer. Pebble Beach was renamed CMG Holdings Group, Inc.
On April 1, 2009, the Company, through a newly formed wholly owned subsidiary CMGO Capital, Inc., a Nevada corporation, completed the acquisition of XA The Experiential Agency, Inc. On March 31, 2010, the Company and AudioEye, Inc. (“AudioEye”) completed the final Stock Purchase Agreement under which the Company acquired all of the outstanding capital stock of AudioEye. On June 22, 2011 the Company entered into a Master Agreement subject to shareholder approval as may be required under applicable law and subject to closing conditions with AudioEye Acquisition Corp., a Nevada corporation where the shareholders of AudioEye Acquisition Corp. exchanged 100% of the stock in AudioEye Acquisition Corp for 80% of the capital stock of AudioEye. The Company retained 15% of AudioEye subject to transfer restrictions in accordance with the Master Agreement; on October 2012, the Company distributed to its shareholders, in the form of a dividend, 5% of the capital stock of AudioEye in accordance with provisions of the Master Agreement.
Principles of Consolidation'
Principles of Consolidation
The consolidated financial statements include the accounts of CMG Holdings Group, Inc., CMG Acquisition, Inc., CMGO Capital, Inc., XA The Experiential Agency, Inc. ("XA"), CMGO Logistics, Inc., USaveCT and USaveNJ, after elimination of all significant inter-company accounts and transactions.
Use of Estimates'
Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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 revenues and expenses during the period reported. Estimates are used when accounting for allowance for doubtful accounts, depreciation, and contingencies. Actual results could differ from those estimates.
Concentrations of Risk'
Concentrations of Risk
The Company maintains its cash balances at two financial institutions where they are insured by the Federal Deposit Insurance Corporation up to $250,000 each. At December 31, 2013 and 2012, neither of these accounts was in excess of the limit. The Company also maintains a money market investment account at one securities firm where the account is insured by the Securities Investor Protection Corporation up to $500,000 for the bankruptcy, etc., of the securities firm. At December 31, 2013 and 2012, the account had no balance in excess of the limit. For the years ended December 31, 2013 and 2012, one customer exceeds 10% of the Company’s total revenue, representing 72% and 64% of the Company’s total revenues during the year ended December 31, 2013 and 2012, respectively.
Revenue and Cost Recognition'
Revenue and Cost Recognition
The Company earns revenues by providing event management services under individually negotiated contracts with varying terms, recognizing revenue in accordance with ASC 605, Revenue Recognition, only when the price is fixed or determinable, persuasive evidence of an arrangement exists, the services have been provided and collectability is assured.   In arrangements where key indicators suggest the Company acts as principal, the Company records the gross amount billed to the client as revenue and the related costs incurred as operating expenses as the services are provided.
Accounts Receivable and Allowance for Doubtful Accounts'
Accounts Receivable and Allowance for Doubtful Accounts
Accounts receivable are amounts due from event management services, are unsecured and are carried at their estimated collectible amounts. Credit is generally extended on a short-term basis and do not bear interest, although a finance charge may be applied to amounts outstanding more than thirty days. Accounts receivable are periodically evaluated for collectability based on past credit history with clients. Provisions for losses on accounts receivable are determined on the basis of loss experience, known and inherent risk in the account balance and current economic conditions.  There were no allowances for doubtful accounts as of December 31, 2013 or 2012.
Share-Based Compensation'
Share-Based Compensation
The Company accounts for share-based compensation to employees in accordance with Accounting Standards Codification subtopic 718-10,  Stock Compensation (“ASC 718-10”) and share-based compensation to non-employees in accordance with ASC 505-50 Accounting for Equity Instruments Issued to Non-Employees for Acquiring, or in Conjunction with Selling, Goods or Services. ASC 718-10 and 505-50 require the measurement and recognition of compensation expense for all share-based payment awards, including stock options based on the estimated fair values.
Derivative Instruments'
Derivative Instruments
The Company accounts for derivative instruments in accordance with ASC Topic 815, Derivatives and Hedging, and all derivative instruments are reflected as either assets or liabilities at fair value in the balance sheet.
The Company uses estimates of fair value to value its derivative instruments. Fair value is defined as the price to sell an asset or transfer a liability in an orderly transaction between willing and able market participants. In general, the Company’s policy in estimating fair values is to first look at observable market prices for identical assets and liabilities in active markets, where available. When these are not available, other inputs are used to model fair value such as prices of similar instruments, yield curves, volatilities, prepayment speeds, default rates and credit spreads (including for the Company’s liabilities), relying first on observable data from active markets. Additional adjustments may be made for factors including liquidity, credit, bid/offer spreads, etc., depending on current market conditions. Transaction costs are not included in the determination of fair value. When possible, The Company seeks to validate the model’s output to market transactions. Depending on the availability of observable inputs and prices, different valuation models could produce materially different fair value estimates. The values presented may not represent future fair values and may not be realizable. The Company categorizes its fair value estimates in accordance with ASC 820, Fair Value Measurements (ASC 820), based on the hierarchical framework associated with the three levels of price transparency utilized in measuring financial instruments.
Cash and Cash Equivalents'
Cash and Cash Equivalents
For purposes of the statement of cash flows, the Company considers all short-term debt securities purchased with maturity of three months or less to be cash equivalents.
Property and Equipment'
Property and Equipment
Property and equipment are stated at cost, net of accumulated depreciation and amortization. Depreciation and amortization is computed using the straight-line method over the estimated useful lives of the respective assets, which is generally between three and five years. Depreciation expense was $0 and $0 for the years ended December 31, 2013 and December 31, 2012, respectively.
Intangible Assets'
Intangible Assets
Intangible assets are stated at cost, net of accumulated amortization. Amortization is computed using the straight-line method over the estimated useful life of the respective asset, which is three years. Amortization expense was $0 and $74,580 for the years ended December 31, 2013 and December 31, 2012, respectively.
Income Taxes'
Income Taxes
The Company accounts for income taxes using the asset and liability approach. 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 bases. 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. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amounts expected to be realized.  Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.
Basic and Diluted Net Loss per Share'
Basic and Diluted Net Loss per Share
The Company computes net loss per share in accordance with ASC 260, Earnings Per Share, which requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net loss available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive.
Recently Issued Accounting Pronouncements'
Recently Issued Accounting Pronouncements
The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.
Fair Value Measurements'
Fair Value Measurements
ASC 820 and ASC 825, Financial Instruments (ASC 825)requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. It establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. It prioritizes the inputs into three levels that may be used to measure fair value:
Level 1 – Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, marketable securities and listed equities.
Level 2 – Pricing inputs are other than quoted prices in active markets included in level 1, which are either directly or indirectly observable as of the reported date. Level 2 includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry-standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors, and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace. Instruments in this category generally include non-exchange-traded derivatives such as commodity swaps, interest rate swaps, options and collars.
Level 3 – Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value.
The Company’s financial instruments consist principally of cash, accounts receivable, accounts payable and accrued liabilities. Pursuant to ASC 820 and 825, the fair value of cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.
The following table sets forth by level with the fair value hierarchy the Company’s financial assets and liabilities measured at fair value on December 31, 2013 and 2012:
31-Dec-13Level 1Level 2Level 3Total
Marketable trading securities$764,088$-$-$764,088
Derivative Liabilities$-$-$11,121$11,121
31-Dec-12Level 1Level 2Level 3Total
Marketable trading securities$274,651$-$-$274,651
Derivative Liabilities$-$-$145,970$145,970
Investments in Debt and Equity Securities'
Investments in Debt and Equity Securities
The Company applies the provisions of Accounting Standards Codification 320, Investments – Debt and Equity Securities, regarding marketable securities. The Company invests in securities that are intended to be bought and held principally for the purpose of selling them in the near term, and as a result, classifies such investments as trading securities. Trading securities are recorded at fair value on the balance sheet with changes in fair value being reflected as unrealized gains or losses in the current period. In addition, the Company classifies the cash flows from purchases, sales, and maturities of trading securities as cash flows from operating activities.
Details of the Company's marketable trading securities as of December 31, 2013 and 2012 are as follows:
20132012
Aggregate fair value$764,088$274,651
Gross unrealized holding gains622,769-
Proceeds from sales ($573,022 stocks plus $85,000 options)$658,021$-
Gross realized gains (stocks and options)524,668-
Gross realized losses--
Other than temporary impairment--
Discontinued Operations'
Discontinued Operations
In accordance with ASC 205-20, Presentation of Financial Statements – Discontinued Operations, we reported the results of our subsidiary, AudioEye Inc., as a discontinued operation. The application of ASC 205-20 is discussed in Note 2 below.

Description_of_Business_and_Su2

Description of Business and Summary of Significant Accounting Policies (Tables)12 Months Ended
Dec. 31, 2013
Description of Business and Summary of Significant Accounting Policies [Abstract]'
Schedule of fair value hierarchy of financial assets and liabilities'
31-Dec-13Level 1Level 2Level 3Total
Marketable trading securities$764,088$-$-$764,088
Derivative Liabilities$-$-$11,121$11,121
31-Dec-12Level 1Level 2Level 3Total
Marketable trading securities$274,651$-$-$274,651
Derivative Liabilities$-$-$145,970$145,970
Schedule of marketable trading securities'
20132012
Aggregate fair value$764,088$274,651
Gross unrealized holding gains622,769-
Proceeds from sales ($573,022 stocks plus $85,000 options)$658,021$-
Gross realized gains (stocks and options)524,668-
Gross realized losses--
Other than temporary impairment--

Sale_of_Audio_Eye_Inc_and_Disc1

Sale of Audio Eye, Inc. and Discontinued Operations (Tables)12 Months Ended
Dec. 31, 2013
Sale of Audio Eye, Inc. and Discontinued Operations [Abstract]'
Summary of gain recorded for sale'
Repayment of CMGO Debt  $1,075,000 
Accrued Interest on CMGO Debt    203,590 
Shares of AudioEye, Inc. Retained    268,750 
Net Assets of AudioEye, Inc. Sold    2,568,431 
    $4,115,771 
Summary of operating result for discontinued operations'
  For the Year Ended
December 31,
    2013    2012 
Revenues   $-    (95,736)
Cost of revenues    -      198,568 
Depreciation and amortization expense    -      2,078 
Operating expenses    -      422,339 
Operating Loss            527,249 
                 
Unrealized gain on marketable securities    -      24,000 
Interest Expense    -      (377)
Net Loss from discontinued operations   $-     $503,626 
Summary of asset and liabilities of discontinued operations'
August 17,  December 31,
20122012
Cash  $4,841    $27,425 
Receivables    47,429      10,901 
Receivables - related party    15,250      13,125 
Investments    42,000      18,000 
Property and Equipment    7,688      6,000 
Total assets of discontinued operations  117,208    $75,451 
               
Accounts payable and accrued liabilities    1,195,622      828,407 
Deferred income    114,378      12,308 
Short term debt    24,000      72,900 
Long term debt    1,351,640      1,245,843 
Total liabilities of discontinued operations  $2,685,640    $2,159,458

Equity_Tables

Equity (Tables)12 Months Ended
Dec. 31, 2013
Equity [Abstract]'
Summary of warrant activity'
    Outstanding     Weighted  
and average
ExercisableExercise Price
                 
31-Dec-11    1,798,000    $0.28 
Granted    -      - 
Exercised    -      - 
31-Dec-12    1,798,000    $0.28 
Granted    -      - 
Exercised    -      - 
31-Dec-13    1,798,000    $0.28 

Derivative_Liabilities_Tables

Derivative Liabilities (Tables)12 Months Ended
Dec. 31, 2013
Derivative Liabilities [Abstract]'
Summary of derivative liabilities included in the consolidated balance sheet'
Derivative Liabilities
Balance at December 31, 2011444,150
ASC 815-15 additions721,590
Change in fair value192,025
ASC 815-15 deletions(1,211,795)
Balance at December 30, 2012145,970
ASC 815-15 additions98,097
Change in fair value(152,720)
ASC 815-15 deletions(80,226)
Balance at December 30, 2013$11,121

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)12 Months Ended
Dec. 31, 2013
Commitments and Contingencies [Abstract]'
Schedule of future minimum lease payments'
Year ending December 31, 2013
2014$191,137
2015196,805
2016202,572
2018208,440
2019141,784
After214,205

Description_of_Business_and_Su3

Description of Business and Summary of Significant Accounting Policies (Details) (USD $)Dec. 31, 2013Dec. 31, 2012Dec. 31, 2011
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]'''
Marketable securities$764,088 $274,651 '
Derivative liabilities11,121145,970444,150
Level 1'''
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]'''
Marketable securities764,088274,651'
Derivative liabilities'  '  '
Level 2'''
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]'''
Marketable securities'  '  '
Derivative liabilities'  '  '
Level 3'''
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]'''
Marketable securities'  '  '
Derivative liabilities$11,121 $145,970 '

Description_of_Business_and_Su4

Description of Business and Summary of Significant Accounting Policies (Details 1) (USD $)12 Months Ended
Dec. 31, 2013Dec. 31, 2012
Description of Business and Summary of Significant Accounting Policies [Abstract]''
Aggregate fair value$764,088 $274,651
Gross unrealized holding gains622,769'  
Proceeds from sales ($573,022 stocks plus $85,000 options)658,021'  
Gross realized gains (stocks and options)524,668'  
Gross realized losses'  '  
Other than temporary impairment'  '  

Description_of_Business_and_Su5

Description of Business and Summary of Significant Accounting Policies (Details Textual) (USD $)0 Months Ended12 Months Ended0 Months Ended0 Months Ended
Jun. 22, 2011Dec. 31, 2013Dec. 31, 2012Dec. 31, 2013Dec. 31, 201227-May-08Feb. 20, 2008Jun. 22, 2011Jun. 22, 2011
Sales Revenue, Goods, Net [Member]Sales Revenue, Goods, Net [Member]Pebble Beach Enterprises, Inc [Member]Pebble Beach Enterprises, Inc [Member]Audio Eye Inc [Member]Audio Eye Acquisition Corp [Member]
Percentage of equity interest acquired''''''92.60%''
Number of shares issued to acquire'''''22,135,148'''
Percentage of stock issued for exchange of stock'''''''80.00%100.00%
Retained percentage of transfer restrictions15.00%''''''''
Percentage of dividends distributed5.00%''''''''
Insured amount in each financial institution, Federal Deposit Insurance Corporation'$250,000 '''''''
Insured amount, Securities Investor Protection Corporation'500,000'''''''
Concentration risk, percentage'10.00%10.00%72.00%64.00%''''
Concentration risk, customer''One'''''''
Allowance for doubtful accounts receivable'00''''''
Depreciation'00''''''
Property, plant and equipment, estimated useful lives''Three and five years'''''''
Intangible Asset, useful life''3 years'''''''
Amortization of Intangible Assets'074,580''''''
Proceeds from sale of stocks'573,022'  ''''''
Proceeds from sale of options'$85,000 '  ''''''

Sale_of_Audio_Eye_Inc_and_Disc2

Sale of Audio Eye, Inc. and Discontinued Operations (Details) (USD $)12 Months Ended
Dec. 31, 2012
Summary of gain recorded for sale'
Repayment of CMGO Debt$1,075,000
Accrued Interest on CMGO Debt203,590
Shares of AudioEye, Inc. Retained268,750
Net Assets of AudioEye, Inc. Sold2,568,431
Gain on Sale$4,115,771

Sale_of_Audio_Eye_Inc_and_Disc3

Sale of Audio Eye, Inc. and Discontinued Operations (Details 1) (USD $)12 Months Ended
Dec. 31, 2013Dec. 31, 2012
Summary of operating result for discontinued operations''
Revenues'  ($95,736)
Cost of revenues'  198,568
Depreciation and amortization expense'  2,078
Operating expenses'  422,339
Operating Loss'  527,279
Unrealized gain on marketable securities'  24,000
Interest Expense'  -377
Net Loss from discontinued operations'  $3,798,056

Sale_of_Audio_Eye_Inc_and_Disc4

Sale of Audio Eye, Inc. and Discontinued Operations (Details 2) (USD $)Dec. 31, 2013Aug. 17, 2012
Summary of asset and liabilities of discontinued operations''
Cash$27,425 $4,841
Receivables10,90147,429
Receivables - related party13,12515,250
Investments18,00042,000
Property and Equipment6,0007,688
Total assets of discontinued operations75,451117,208
Accounts payable and accrued liabilities828,4071,195,622
Deferred income12,308114,378
Short term debt72,90024,000
Long term debt1,245,8431,351,640
Total liabilities of discontinued operations$2,159,458 $2,685,640

Sale_of_Audio_Eye_Inc_and_Disc5

Sale of Audio Eye, Inc. and Discontinued Operations (Details Textual) (USD $)1 Months Ended12 Months Ended
Aug. 17, 2012Dec. 31, 2012
Sale of Audio Eye, Inc. and Discontinued Operations [Abstract]''
Discontinued operation sales percentage15.00%'
Dividend rate, percentage5.00%'
Percentage of income earned and settlement10.00%'
Percentage of commission received7.50%'
Revenues obtained from third party described in agreement, percentage10.00%'
Repayments of Debt'$1,075,000
Debt instrument, accrued interest'203,590
Debt instrument, fair value'764,088
Gain on sale'$4,115,771

Equity_Details

Equity (Details) (Warrant [Member], USD $)12 Months Ended
Dec. 31, 2013Dec. 31, 2012
Warrant [Member]''
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]''
Outstanding and Exercisable Beginning balance1,798,0001,798,000
Granted'  '  
Exercised'  '  
Outstanding and Exercisable Ending balance1,798,0001,798,000
Weighted average Exercise Price Beginning balance$0.28 $0.28
Weighted average Exercise Price Granted'  '  
Weighted average Exercise Price Exercised'  '  
Weighted average Exercise Price Ending balance$0.28 $0.28

Equity_Details_Textual

Equity (Details Textual) (USD $)1 Months Ended12 Months Ended0 Months Ended1 Months Ended1 Months Ended1 Months Ended12 Months Ended
Mar. 31, 2010Dec. 31, 2013Dec. 31, 2012Sep. 07, 2012Jun. 05, 2012Aug. 31, 2012Aug. 31, 2012Aug. 31, 2012Aug. 31, 2012Apr. 25, 2013Aug. 31, 2013Dec. 31, 2011Mar. 31, 2011Dec. 31, 2013Dec. 31, 2012Mar. 31, 2011Dec. 31, 2013Aug. 31, 2013Dec. 31, 2012Mar. 31, 2011Dec. 31, 2013Dec. 31, 2012Dec. 31, 2011Dec. 31, 2013Dec. 31, 2012Dec. 31, 2011Dec. 31, 2011Dec. 31, 2011
Restricted Stock [Member]Restricted Stock [Member]Restricted Stock [Member]Restricted Stock [Member]Restricted Stock [Member]Restricted Stock [Member]Asher Enterprises, Inc. [Member]Continental Investments Group, Inc [Member]Continental Investments Group, Inc [Member]Continental Investments Group, Inc [Member]Series A Preferred Stock [Member]Series A Preferred Stock [Member]Series A Preferred Stock [Member]Series B Preferred Stock [Member]Series B Preferred Stock [Member]Series B Preferred Stock [Member]Series B Preferred Stock [Member]Common Stock [Member]Common Stock [Member]Common Stock [Member]Warrant [Member]Warrant [Member]Warrant [Member]A Warrants [Member]B Warrants [Member]
Restricted Shares Issuance Plan One [Member]Restricted Shares Issuance Plan Two [Member]Restricted Shares Issuance Plan Three [Member]CelArtThree Officers [Member]Continental Investments Group, Inc [Member]Individuals [Member]Individuals [Member]Individuals [Member]Individuals [Member]
OfficerIndividuals
Class of Stock [Line Items]''''''''''''''''''''''''''''
Number of acquired cartoon animated cels''''''''''''20,000'''''''''''''''
Stock issued during period of acquisition, shares'''''''''''''''''''50,000''''''''
Preferred stock, Par Value'''''''''''''$0.00 $0.00 '$0.00 $2,550 $0.00 $100 ''''''''
Stock issued during period of acquisition'''''''''''''''''''$3,240,502 ''''''''
Preferred stock conversion term''''''''''''''''Each share of Series A Preferred Stock is convertible into 1% of the Company's common stock.''''The shares of Series B Preferred Stock are convertible into common shares of the Company at the stated value of $100 per share divided by the volume weighted average trading price for the 30 days prior to conversion.''''''''
Inventory write down'''''''''''0''''''''''''''''
Restricted common stock''''''''''2,500,000'''''''''''''''''
Convertible notes payable''''''''''85,000'''''''''''''''''
Number of officers'''''''''''''''3''''''''''''
Restricted stock cancelled''''''''''2,500,000'''''''''''''''''
Convertible note cancellation''''''''''85,000'''''''''''''''''
Convertible shares issued'''''''''''''''51''''''''''''
Accrued Salaries'''''''''''''''300,000''''''''''''
Preferred stock, shares issued''''''''''''''  '  '0'50,000'''''''''
Preferred stock, shares outstanding''''''''''''''  '  '0'50,000'''''''''
Debt conversion, converted instrument, amount'''11,48617,800173,550'''15,000''''''''''637,000764,079''''''
Share issued for debt conversion'''600,0002,000,000'1,100,0001,000,0005,000,0004,285,714''''''''''2,800,000145,989,360''''''
Gain on settlement of debt'793,73275,618'''''''''''''''''''''''''
Shares issued for services''-194,100''''''''''''''''''14,150''''''
Shares issued for services, shares'''''''''''''''''''''14,150,000''''''
Debt interest expense''5,663'''''''''''''''''''''''''
Stock issued warrants250,000'''''''''''''''''''2,800,000145,989,3603,870,000'''774,000774,000
Stock issued warrants value'26,600764,079'''''''''''''''''2,800145,989217,000'''''
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Exercised''''''''''''''''''''''''  '  574,000200,000200,000
Exercisable price minimum''''''''''''''''''''''''''$0.10 $0.20
Exercisable price maximum''''''''''''''''''''''''''$0.25 $0.50
Weighted average remaining contractual term''''''''''''''''''''''''6 months 11 days''''
Warrants aggregate intrinsic value'''''''''''''''''''''''$0 ''''
Warrant exercise price description'''''''''''''''''''''''The Company can call each of the Warrants after twelve months if the price of the Common Shares of the Company in the Market is 150% of the Warrant strike price for 10 consecutive days.'''''
Number of individuals''''''''''''''''''''''8'''''
Warrants exercise price0.07%'''''''''''''''''''''''''''
Remaining contractual term of warrants'5 years'''''''''''''''''''''''''''

Notes_Payable_Details

Notes Payable (Details) (USD $)12 Months Ended1 Months Ended0 Months Ended12 Months Ended0 Months Ended12 Months Ended0 Months Ended12 Months Ended0 Months Ended12 Months Ended0 Months Ended12 Months Ended0 Months Ended12 Months Ended0 Months Ended12 Months Ended0 Months Ended12 Months Ended0 Months Ended1 Months Ended12 Months Ended1 Months Ended12 Months Ended1 Months Ended0 Months Ended1 Months Ended12 Months Ended1 Months Ended12 Months Ended1 Months Ended12 Months Ended
Dec. 31, 2013Dec. 31, 201220-May-13Oct. 16, 2012Dec. 31, 2013Dec. 31, 201212-May-12Dec. 31, 2013Dec. 31, 2012Sep. 07, 2012Dec. 31, 2013Dec. 31, 2013Sep. 07, 2012Jan. 05, 2012Dec. 31, 2012Feb. 10, 2012Jan. 05, 2012Dec. 31, 2012Jan. 05, 2012Dec. 31, 2012Jan. 08, 2012Dec. 31, 2012Jan. 04, 2012Dec. 31, 2012Dec. 31, 2010Dec. 31, 2012Dec. 31, 2011Apr. 11, 2012Oct. 17, 2011Dec. 31, 2012Oct. 17, 2011Dec. 31, 2012Oct. 17, 20113-May-11Apr. 11, 2011Aug. 31, 2013Dec. 31, 2013Dec. 31, 2012Jun. 30, 2013Sep. 26, 2012Dec. 31, 2013Dec. 31, 2012Sep. 26, 2012Apr. 29, 2013Dec. 31, 2013
Asher Enterprises, Inc. [Member]Asher Enterprises, Inc. [Member]Asher Enterprises, Inc. [Member]Asher Enterprises, Inc. [Member]Paul Sherman Agreement [Member]Paul Sherman Agreement [Member]Paul Sherman Agreement [Member]Continental Equities, LLC [Member]Continental Equities, LLC [Member]Continental Equities, LLC 2 [Member]Continental Equities, LLC 2 [Member]Hudson Capital Advisors, Inc. [Member]Hudson Capital Advisors, Inc. [Member]Braeden Storm Enterprises, Inc. [Member]Braeden Storm Enterprises, Inc. [Member]Braeden Storm Enterprises, Inc. [Member]Martin Boyle [Member]Martin Boyle [Member]Scott Baily [Member]Scott Baily [Member]Grassy Knolls, LLC [Member]Grassy Knolls, LLC [Member]CMGO Investors, LLC [Member]Aware Capital Consultants Inc. [Member]Aware Capital Consultants Inc. [Member]Magna Group LLC. [Member]Magna Group LLC. [Member]Magna Group LLC. [Member]Hanover Holdings, LLC and Seymour Flicks [Member]Hanover Holdings, LLC and Seymour Flicks [Member]Hanover Holdings, LLC and Seymour Flicks 2 [Member]Connied, Inc. [Member]Connied, Inc. [Member]Connied, Inc. [Member]Connied, Inc. [Member]Connied, Inc. [Member]Alan Morell [Member]Alan Morell [Member]Alan Morell [Member]Alan Morell [Member]Alan Morrell 2 [Member]Infinite Alpha [Member]Infinite Alpha [Member]
Notes Payable (Textual)'''''''''''''''''''''''''''''''''''''''''''''
Convertible promissory note, value''$53,000 $32,500 ''$9,943 $9,943 $9,943 $50,000 ''$20,000 $100,000 '$56,000 $90,000 '$35,000 '$60,000 '$72,000 '$1,075,000 '$15,000 $50,000 $148,000 '$50,000 '$34,040 $85,000 $135,000 '$0 $85,000 '$525,000 $0 $637,000 $112,000 $51,500 '
Debt instrument, stated percentage''8.00%8.00%''2.00%''12.00%''12.00%2.00%'10.00%2.00%'2.00%'2.00%'2.00%'13.00%''10.00%10.00%'''10.00%20.00%50.00%''''2.00%''2.00%20.00%'
Debt instrument, maturity date''24-Feb-1418-Jul-13''15-May-13''15-May-13'''5-Jan-13'15-Apr-136-Jan-13'8-Jan-13'5-Jan-13'4-Jan-13'1-Oct-11''13-Apr-1317-Oct-12'''5-Jun-132-May-13'''''26-Apr-14''4-Apr-13''
Debt instrument, increased interest rate''22.00%22.00%'''''''''''''''''''''''''''''''''''''''''
Debt conversion, description'''The note is convertible at 58% of the average of the lowest trading prices for the Company's common stock during the ten trading day period prior to the conversion date after 180 days.'The note is convertible at 50% of the average of the lowest three trading prices for the Company's common stock during the ten trading day period prior to the conversion date after 180 days.'''The convertible promissory note is convertible at a price equal to the close price on the day prior to Paul Sherman's request for conversion, but not to go below $.001.'''''''The new note was convertible at the lowest trading price in the three days prior to the day that Hudson requests conversion, with a floor of $.01.''The new note was convertible at 50% of the lowest trading price in the three days prior to the day that Braeden requests conversion.'The new note was convertible at the lowest trading price in the three days prior to the day that Braeden requests conversion, with a floor of $.01.''The new convertible debenture note was convertible at the lowest trading price in the three days prior to the day Martin Boyle requests conversion, with a floor of $.01.''The new convertible debenture note was convertible at the lowest trading price in the three days prior to the day that Scott Baily requests conversion, with a floor of $.01.''The new convertible debenture note was convertible at the lowest trading price in the three days prior to the day that Grassy Knolls requests conversion, with a floor of $.01.'''''The convertible promissory note bore interest at 10%, was due on April 13, 2013 and was convertible at 58% of the lowest trading price in the three days prior to the conversion date.'The convertible promissory note bore interest at 10%, was due on October 17, 2012 and was convertible at 58% of the lowest trading price in the three days prior to the conversion date.''''The new convertible promissory of $34,040 bore interest at 10%, was due June 5, 2013 and was convertible at a 42% discount of the lowest trading price for the Company's common stock during the three trading day period prior to the conversion date, with a floor of $0.009.''The new note was convertible at 50% of the average of the five lowest closing prices for the Company's stock during the previous 30 trading days.'The Agreement calls for the termination and cancellation of a Sale and Purchase agreement, whereby the Company agreed to issue 50,000 shares of Series B Convertible Preferred Stock in exchange for 20,000 cartoon animated Cels. The Agreement also calls for the cancellation of the $85,000 convertible note and related interest and the Continental to return the 2,500,000 shares of restricted common stock and 50,000 shares of Series B Convertible Preferred Stock, valued at par of $2,550.''''The notes became convertible at $0.04 and $0.06, respectively, as of November 15, 2012.'''''
Debt conversion price'''''''''''''''''''''''''''''''''''''''$0.06 ''$0.04 ''
Debt discount0058,1802,50001,8098,87503,376''''87,614''79,254'30,667'52,685'70,375'6,509'''''34,375'34,040'85,000'034,170'27,57307,739'''
Debt instrument, accrued interest'203,590'32,50018,023'''''''''''''''''''''''''25,000''''''''''''10,25098,332
Debt interest, penalties'5,663'10,000''''''34,000''''''''''''''''''''''''''''''''''
Amortization of interest expense''''34,309''3,376''''''87,61456,000'79,254'30,667'52,685'70,375'9,136'50,000'70,470'68,415''''34,170'''7,739'''152,848
Debt instrument, repayment''''53,000'''''50,00020,000''''''''''''''''''''''''''637,000''''51,500'
Share issued for debt conversion''''''''''''''''''''''''7,100,000''''''''''2,500,000''2,800,000''''''
Gain (loss) on extinguishment of debt$793,732 $75,618 ''''''''''''''''''''''($173,550)'''''($7,451)''''$85,000 ''$610,400 '''''$793,732

Derivative_Liabilities_Details

Derivative Liabilities (Details) (USD $)12 Months Ended
Dec. 31, 2013Dec. 31, 2012
Derivative Liabilities [Abstract]''
Derivative Liabilities, Begining balance$145,970 $444,150
ASC 815-15 additions98,097721,590
Change in fair value-210,180192,025
ASC 815-15 deletions-22,766-1,211,795
Derivative Liabilities, Ending balance$11,121 $145,970

Derivative_Liabilities_Details1

Derivative Liabilities (Details Textual) (USD $)1 Months Ended12 Months Ended
Mar. 31, 2010Dec. 31, 2013Dec. 31, 2012Dec. 31, 2011Dec. 31, 2011
Warrant A [Member]Warrant B [Member]
Derrivative Liabilities (Textual)'''''
Derivative Liabilities'$98,097 $721,590 ''
Notes Payable'0138,820''
(Gain) loss on derivatives'-210,810404,688''
Fair value of embedded derivative liabilities'11,121145,970''
Number of warrants issued to individuals'''774,000774,000
Fair value all warrants outstanding'1,81112,007''
Gain related to warrant'10,196333''
Risk free interest rate, minimum'0.06%'''
Risk free interest rate, maximum'0.13%'''
Expected dividend'0.00%'''
Expected volatility rate, maximum'239.00%'''
Expected volatility rate, minimum'55.00%'''
Notes payable convertible reclassified from equity'09,240,920''
Reclassified deivative liabilities to equity'$0 $1,213,271 ''
Stock Issued During Period, Shares, New Issues250,000''''
Warrants exercise price0.07%''''
Remaining contractual term of warrants'5 years''''

Legal_Proceedings_Details

Legal Proceedings (Details) (USD $)0 Months Ended1 Months Ended
Sep. 28, 2012Apr. 20, 2012Mar. 28, 2014
Subsequent Event [Member]
Legal Proceedings (Textual)'''
Legal settlements$30,000 $10,000 '
Contingent claim amount''$250,661

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)12 Months Ended
Dec. 31, 2013Dec. 31, 2012
Related Party Transaction (Textual)''
Accounts payable to a former officer and director'  $19,625
Accrued expenses593,710325,674
Service Agreements [Member]''
Related Party Transaction (Textual)''
Capital contribution as forgiveness of a total amount'39,532
Accrued expenses'670,730
CEO [Member]''
Related Party Transaction (Textual)''
Accounts payable to a former officer and director47,91227,280
Fees of consulting firm$142,060 $151,245

Segments_Details

Segments (Details)12 Months Ended
Dec. 31, 2013Dec. 31, 2012
SegmentSegment
Segments [Abstract]''
Number of Reportable Segments13

Sale_of_Creative_Management_of1

Sale of Creative Management of Delaware, Inc. (Details) (USD $)1 Months Ended
Jun. 25, 2012
Sale Of Creative Management [Abstract]'
Royalty Expense($133,000)
Descriptions of royalty payment'The royalty payment is effective as of the closing of this agreement and for a period of nineteen (19) months of 10% of cash or other payment received as gross revenues less direct costs earned.

Resignation_of_Chief_Executive1

Resignation of Chief Executive Officer and Chairman of the Board (Details) (USD $)12 Months Ended1 Months Ended1 Months Ended
Dec. 31, 2013Dec. 31, 2012Jun. 30, 2013Sep. 26, 2012Dec. 31, 2013Dec. 31, 2012Sep. 26, 2012
Alan Morell [Member]Alan Morell [Member]Alan Morell [Member]Alan Morell [Member]Alan Morrell 2 [Member]
Short-term Debt [Line Items]'''''''
Convertible promissory note, value'''$525,000 $0 $637,000 $112,000
Debt instrument, stated percentage'''2.00%''2.00%
Debt instrument, maturity date'''26-Apr-14''4-Apr-13
Debt conversion, description''''The notes became convertible at $0.04 and $0.06, respectively, as of November 15, 2012.'''
Share issued for debt conversion''2,800,000''''
Debt instrument, repayment''637,000''''
Gain (loss) on extinguishment of debt$793,732 $75,618 $610,400 ''''

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (USD $)Dec. 31, 2013
Commitments and Contingencies [Abstract]'
2014$191,137
2015196,805
2016202,572
2018208,440
2019141,784
After$214,205

Commitments_and_Contingencies_2

Commitments and Contingencies (Details Textual)12 Months Ended
Dec. 31, 2013
Chicago [Member]'
Commitments And Contingencies (Textual)'
Lease expiration date31-Mar-21
New York [Member]'
Commitments And Contingencies (Textual)'
Lease expiration date31-May-18
Lease renewal term'5 years

Subsequent_Events_Details

Subsequent Events (Details) (USD $)1 Months Ended0 Months Ended1 Months Ended
Mar. 31, 2010Dec. 31, 2013Dec. 31, 2012Apr. 09, 2014Mar. 28, 2014Jan. 28, 2014
Subsequent Event [Member]Subsequent Event [Member]Subsequent Event [Member]
Subsequent Event (Textual)''''''
Date of acquisition of Good Gaming Inc''''28-Mar-14'
Percentage of interest acquired''''100.00%'
Description of business acqusition'''''Pursuant to the SEA, for 100% of the shares of GGI, CMG paid: 5,000,000 shares of its $0.001 par value per share common stock, $33,000 in equipment and consultant compensation and a commitment to pay $200,000 in development costs, of which $50,000 had been advanced by the Company.'
Shares issued for acquisitions''''5,000,000'
Shares issued business acquiistions par value'$0.00 $0.00 '$0.00 '
Equipment and consultant compensation expense''''$33,000 '
Business davelopment costs''''200,000'
Business davelopment costs paid in advance''''50,000'
Net profit sharing percentage''''30.00%'
Proceeds from sale of GGI or its assets sharing percentage''''30.00%'
Contingent claim amount''''250,661'
Sale of common stock250,000''''1,500,000
Proceeds from sale of common stock'''''$15,000
Stock issued to consultant for investor relation services'''522,000''