Media Assets Group, Inc. – ‘1-SA’ for 6/30/16

On:  Wednesday, 11/30/16, at 8:15pm ET   ·   As of:  12/1/16   ·   For:  6/30/16   ·   Accession #:  1650352-16-21

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Semi-Annual Report — Reg. A   —   Form 1-SA
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 1-SA        Semi-Annual Report -- Reg. A -- form1sa                6±    19K 

Document Table of Contents

UNITED STATES                                                                   

SECURITIES AND EXCHANGE COMMISSION                                              

Washington, D.C. 20549                                                          

FORM 1-SA                                                                       

[X] SEMIANNUAL REPORT PURSUANT TO REGULATION A or                               

[ ] SPECIAL FINANCIAL REPORT PURSUANT TO REGULATION A                           

For the fiscal semiannual period ended June 30, 2016                            

MEDIA ASSETS GROUP, INC.                                                        

(Exact name of issuer as specified in its charter)                              

WYOMING               61-1776270                    

State of incorporation    (I.R.S. Employer                          

Identification No.)                                                             

PO Box 48899A, Los Angeles, CA 90048                                            

(Full mailing address of principal executive offices)                           

(323) 714-0680                                                                  
(Issuer?s telephone number, including area code)                                
______________________________________________________________                  

Item 1. Management?s Discussion and Analysis of Financial Condition             
and Results of Operations                                                       

Since our inception on May 4, 2015 we have been trying to raise                 
capital for the development of an online streaming distribution                 
platform. We are considered to be a development stage company, since            
we devote substantially all of our efforts to the establishment of our          
business and planned principal operations have not commenced.  The              
Company?s business model is to be an entertainment asset acquisition,           
management and distribution company with a focus on audiovisual                 
content including feature films, television programming and web                 
series.                                                                         

Results of Operations                                                           

We have not yet generated any revenues and do not anticipate doing so           
until 2017.                                                                     

For the six month ended June 30, 2016, our operating expenses were              
$3,040.                                                                         

As a result, our net loss for the six months ended June 30, 2016 was            
$3,040. Our accumulated deficit was $9,120 as of June 30, 2016.                 

Liquidity & Capital Resources                                                   

As of June 30, 2016, we had cash of $880 and a working capital deficit          
of $9,120 as compared to cash of $3,920 and a working capital deficit           
of $6,080 at December 31, 2015.  The increase in the working capital            
deficit results primarily from a decrease in cash, as well as an                
increase in legal and state filing expenses.                                    

In October 2015, we filed an offering statement pursuant to Regulation          
A of the Securities Act of 1933, which was qualified by the Securities          
and Exchange Commission on May 20, 2016.  We offered a maximum of               
200,000,000 shares of common stock on a ?best efforts? basis, at a              
price of $0.10 per share.  To date, we have not raised any funds from           
the Offering.                                                                   

We have not received any revenues to date. Until we are able to raise           
funds to pursue our business plan and generate material revenues, our           
activities will be restricted.                                                  

Future Financing                                                                

Much of the concept planning has been completed for our Online                  
Distribution Platform.  To date, $4,500 has been invested in the                
development of our Company website.  We estimate that we will require           
a minimum of $500,000 for the development and build of the Platform as          
well as marketing costs for the initial launch.  Upon completion of             
this phase, we will then be in a position to raise larger amounts of            
capital, estimated to be up to an additional $20 million to fund the            
acquisition of a film and television library for our online                     
subscribers.                                                                    

We are pursuing multiple options for such funding, rather than relying          
on one source.  We believe funding will come from a combination of              
short-term and long-term sources, as well as more traditional sources,          
including the sale of securities from the Regulation A Offering.                

Item 2.  Other Information                                                      

None.                                                                           

Item 3.  Financial Statements                                                   

MEDIA ASSETS GROUP, INC.                                                        
Balance Sheet                                                                   
June 30, 2016                                                                   
(Unaudited)                                                                     

ASSETS                                                                          

Jun 30, 2016                Dec 31, 2015                                        

Cash                                                                  

$                                                                       
880                                                                             
$        3,920                                            
Other Assets                                                          

0                                                                               
0                               
Total Assets                                                                  

$                                                                               
880                                                                             
$          880                                            

LIABILITIES AND STOCKHOLDER?S EQUITY                                            

LIABILITIES                                                                     

Accounts Payable                                                      

$                                                                               
0                                                                               
0                         

Total Liabilities                                                               

0                                                                               
0                         

STOCKHOLDER?S EQUITY                                                            

Common stock, $0.001 par value,                                                 
500,000,000 shares authorized;                                                  
200,000,000 shares issued and                                                   
outstanding                                                                     

10,000                                                                          
10,000                                      
Accumulated deficit                                                             

(9,120                                                                          
)                 (6,080)                                                       
Total Stockholder?s Equity                                                      

880                                                                             
3,920                                   

Total Liabilities and                                                           
Stockholder?s Equity                                                            

$                                                                               
880                                                                             
$         3,920                                               

MEDIA ASSETS GROUP, INC.                                                        
Statement of Cash Flows                                                         
June 30, 2016                                                                   
(Unaudited)                                                                     

Cash flows from operating activities                                            

$                                                                               
?                                                                               

Net loss                                                                        

(3,040)                                                   

Changes in operating assets and liabilities:                                    

3,920                                                     

Net Cash used in operating activities                                           

3,040                                                                           

Cash flows from financing activities                                            

Proceeds from sale of common stock                                              

$                                                                               
3,920                                                                           

Cash at beginning                                                               
Cash at end                                                                     

$                                                                               
880                                                   

MEDIA ASSETS GROUP, INC.                                                        
Statement of Operations                                                         
June 30, 2016                                                                   
(Unaudited)                                                                     

REVENUES                                                                        

$                                                                               
?                                                                               

EXPENSES                                                                        

Platform design                                                                 
Legal fees                                                                      

2,040                                                                           
1,000                                                                           

Total Other Expenses                                                            

3,040                                                                           

NET LOSS                                                                        

$                                                                               
(3,040                                                                          
)                                                                               

TOTAL WEIGHTED AVERAGE SHARES                                                   

200,000,000                                                                     

BASIC EARNINGS PER SHARE ATTRIBUTABLE TO COMMON                                 
STOCKHOLDER                                                                     

$                                                                               
(0.001                                                                          
)                                                                               

MEDIA ASSETS GROUP, INC.                                                        
(A Development Stage Company)                                                   
NOTES TO FINANCIAL STATEMENTS                                                   
June 30, 2016                                                                   
(Unaudited)                                                                     

The financial information presented should be read in conjunction with          
the Company?s latest annual audited financial statements to obtain              
full disclosure information.                                                    

NOTE 1.  BASIS OF PRESENTATION                                                  
ENTAION                                                                         

The accompanying financial statements have been prepared by the                 
Company, without audit, and reflect all adjustments which are, in the           
opinion of management, necessary for a fair statement of the results            
for the interim periods presented. The financial statements have been           
prepared in accordance with accounting principles generally accepted            
in the United States of America (GAAP) for interim financial                    
reporting. Certain information and footnote disclosures normally                
included in financial statements prepared in accordance with GAAP have          
been condensed or omitted pursuant to such rules and regulations. In            
the opinion of management, the consolidated financial statements                
reflect all adjustments (of a normal and recurring nature) which are            
necessary for a fair presentation of the financial position, results            
of operations and cash flows for the interim periods presented. The             
results of operations for the six months ended June 30, 2016 are not            
necessarily indicative of the results to be expected for the entire             
fiscal year.                                                                    

NOTE 2. ORGANIZATION AND BUSINESS ACTIVITIES                                    
TIVITIES                                                                        

Media Assets Group, Inc. (the ?Company?) was formed as a Wyoming                
corporation on May 4, 2015 to acquire film and television libraries.            
The Company is internally managed and intends on distributing these             
assets through relationships with independent distributors.                     

Pursuant to the articles of incorporation, the Company is authorized            
to issue 500,000,000 shares of common stock and 10,000,000 preferred            
shares. There were no preferred shares issued at June 30, 2016 and              
December 31, 2015.                                                              

NOTE 3. BASIC AND DILUTED LOSS PER COMMON SHARE                                 
BASIC AND DILUTED LOSS PER COMMON SHARE                                         

Basic and diluted loss per common share common share is computed based          
on the weighted average number of common shares outstanding.                    

NOTE 4.  COMMON STOCK                                                           

The Company has issued no shares since December 31, 2015.                       

NOTE 5. COMMITMENTS AND CONTINGENCIES                                           

Commitments:                                                                    

The Company currently has no long term commitments as of our balance            
sheet date.                                                                     

Contingencies:                                                                  

None as of our balance sheet date.                                              

SIGNATURES                                                                      

Pursuant to the requirements of Regulation A, the issuer has duly 
caused this report to be signed on its behalf by the undersigned,               
thereunto duly authorized.                                                      

MEDIA ASSETS GROUP, INC.                                                        

By:   /s/John Berner                                                            
Its: principal executive officer, principal financial officer,                  
principal accounting officer, and the majority of the board members             

Date: December 1, 2016                                                          

Pursuant to the requirements of Regulation A, this report has     
been signed below by the following per-sons on behalf of the issuer             
and in the capacities and on the dates indicated.                               

By:   /s/John Berner                                                            
Its:  principal executive officer, principal financial officer,                 
principal accounting officer, and the majority of the board members             

Date: December 1, 2016                                                          

Dates Referenced Herein

This ‘1-SA’ Filing		Date		Other Filings
Filed as of:		12/1/16		None on these Dates
Filed on:		11/30/16
For Period End:		6/30/16
		5/20/16
		12/31/15
		5/4/15
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