Total Sports Media Inc. (fka TSMI)

[rrojarom]

Total Sports Media, Inc. is headquartered in Goleta, California. Total Sports Media, Inc. is a subsidiary of MDMD Ventures, LLC.

https://businesssearch.sos.ca.gov/CBS/Detail

https://businesssearch.sos.ca.gov/CBS/Detail

August 31, 2016, we had total assets of $461,168, total liabilities of $5,068,577 and total stockholders’ deficit of $6,297,909.

In the short term, we do not expect to generate any meaningful revenue directly from listeners, and will continue to focus our business model around advertising revenue.

We received rejections to two applications with the United States Patent and Trademark Office (“USPTO”).

As of August 31, 2016, we had 2 employees.

We cannot guarantee that our websites will always be error free or operational 24/7.

Total Sports Media, Inc., (ii) effected an 800-for-1 reverse split of the Company’s common stock, and (iii) reduced the Company’s authorized shares of common stock from an unlimited number to 40,000,000. The market effective date of the reverse split and name change will be December 6, 2016.

On June 17, 2016, a lawsuit was filed against StreamTrack Media, Inc. by AllDigital, Inc. for $33,580 plus attorney fees for breach of contract, goods and services rendered, and quantum meruit. The Company is reviewing the case and plans to respond accordingly. We may file collection actions or be involved in other litigation in the future.

Due to the inability of Apple’s IOS devices to run flash, and the different technical frameworks that run mobile devices versus online desktop devices, serving ads inside of mobile devices involves other complexities from a technical perspective as compared to serving ads inside of our desktop UniversalPlayer™. We are currently unable to utilize our video in-stream technology inside of our current Apps. However, depending upon the availability of capital, we will invest in the development of our video in-stream technology in the mobile format.

Revenues for the year ended August 31, 2016 totaled $543,816 compared to $931,157 for the year ended August 31, 2015, a decrease of $387,341 or 42%.

Costs of revenues for the year ended August 31, 2016 totaled $366,634 compared to $667,741 for the year ended August 31, 2015, a decrease of $301,107 or 45%

Operating expenses for the year ended August 31, 2016 totaled $1,081,883 compared to $1,320,136 for the year ended August 31, 2015, a decrease of $238,253 or 18%

Other expenses for the year ended August 31, 2016 totaled $308,808 compared to $2,424,964 for the year ended August 31, 2015, a decrease of $2,116,156 or 87%

We did not generate profits for the years ended August 31, 2016 and 2015. As a result, no provision for income taxes was recorded.

We generated a net loss of $1,213,509 for the year ended August 31, 2016 compared to $3,481,684 for the year ended August 31, 2015, a decrease of $2,268,175 or 65%