10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

  X . QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2013

 . TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from ______ to _______

Commission File Number 000-52323

DEAL A DAY GROUP CORP.

(Name of small business issuer in its charter)

Nevada	90-0731925
(State of incorporation)	(I.R.S. Employer Identification No.)

5150 E. Pacific Coast Highway, Suite 200

Long Beach, CA 90804

(Address of principal executive offices)

(800) 349-6095

(Registrant’s telephone number)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes  X . No .

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes  X . No .

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer	.	Accelerated filer	.
Non-accelerated filer	. (Do not check if a smaller reporting company)	Smaller reporting company	X .

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes . No  X .

As of August 15, 2013, there were 50,280,372 shares of the registrant’s $0.001 par value common stock issued and outstanding.

DEAL A DAY GROUP CORP.*

TABLE OF CONTENTS		Page
PART I.	FINANCIAL INFORMATION	3
ITEM 1.	FINANCIAL STATEMENTS	3
ITEM 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	11
ITEM 3.	QUALITATIVE AND QUANTITATIVE DISCLOSURES ABOUT MARKET RISK	13
ITEM 4.	CONTROLS AND PROCEDURES	13
PART II.	OTHER INFORMATION	14
ITEM 1.	LEGAL PROCEEDINGS	14
ITEM 1A.	RISK FACTORS	14
ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	14
ITEM 3.	DEFAULTS UPON SENIOR SECURITIES	14
ITEM 4.	MINE SAFETY DISCLOSURES	14
ITEM 5.	OTHER INFORMATION	14
ITEM 6.	EXHIBITS	15

Special Note Regarding Forward-Looking Statements

Information included in this Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (“Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (“Exchange Act”). This information may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Deal a Day Group Corp. (the “Company”), to be materially different from future results, performance or achievements expressed or implied by any forward-looking statements. Forward-looking statements, which involve assumptions and describe future plans, strategies and expectations of the Company, are generally identifiable by use of the words “may,” “will,” “should,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” or “project” or the negative of these words or other variations on these words or comparable terminology. These forward-looking statements are based on assumptions that may be incorrect, and there can be no assurance that these projections included in these forward-looking statements will come to pass. Actual results of the Company could differ materially from those expressed or implied by the forward-looking statements as a result of various factors. Except as required by applicable laws, the Company has no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future.

*Please note that throughout this Quarterly Report, except as otherwise indicated by the context, references in this report to “Company”, “DEEL”, “we”, “us” and “our” are references to Deal a Day Group Corp. 

2

PART I - FINANCIAL INFORMATION

ITEM 1.

FINANCIAL STATEMENTS

Deal a Day Group Corp.

(A Development Stage Company)

Consolidated Balance Sheets (unaudited)

		June 30,		December 31,
		2013		2012
Assets
Current:
Cash and cash equivalents	$	2,815	$	95
Prepaids and other assets		100		3,700
Total current assets		2,915		3,795
Total Assets	$	2,915	$	3,795
Liabilities and Stockholders’ Deficit
Liabilities
Current:
Accounts payable	$	203,700	$	192,800
Accrued interest		840,948		795,864
Notes payable		999,072		1,005,920
Total Liabilities		2,043,720		1,994,584
Stockholders` Deficit
Common stock (par value $0.001) –
Authorized, 1,800,000,000 common shares; issued and      outstanding, 50,280,372 and 49,218,805 shares at      June 30, 2013 and December 31, 2012 respectively
		50,280		49,219
Additional paid-in capital		7,233,129		7,192,391
Accumulated deficit		(9,324,214)		(9,232,399)
Total Stockholders’ Deficit		(2,040,805)		(1,990,789)
Total Liabilities and Stockholders’ Deficit	$	2,915	$	3,795

The accompanying notes are an integral part of these financial statements

3

Deal a Day Group Corp.

(A Development Stage Company)

Consolidated Statements of Operations (unaudited)

For the Three and Six Months Ended June 30, 2013 and 2012 and the

Period from January 1, 2009 (Inception of development stage) to June 30, 2013

		Three Months Ended June 30, 2013		Three Months Ended June 30, 2012		Six Months Ended June 30, 2013		Six Months Ended June 30, 2012		From January 1, 2009 (Inception of development stage) to June 30,  2013
Operating expense:
General and administrative	$	11,435	$	107,839	$	36,778	$	255,020	$	769,272
Stock based compensation		-		62,256		9,951		139,606		1,689,442
Operating loss		(11,435)		(170,095)		(46,729)		(394,626)		(2,458,714)
Non-operating expenses:
Interest expense		(22,543)		(41,497)		(45,086)		(87,221)		(959,097)
Loss from continuing operations		(33,978)		(211,592)		(91,815)		(481,847)		(3,417,811)
Loss from discontinued operations		-		-		-		-		(147,544)
Net loss		(33,978)		(211,592)		(91,815)		(481,847)		(3,565,355)
Less: net income attributable to non-controlling interests		-		-		-		-		(46,582)
Net  loss attributable to common stockholders	$	(33,978)	$	(211,592)	$	(91,815)	$	(481,847)	$	(3,518,773)
Loss per share, basic and diluted, before discontinued Operations	$	(0.00)	$	(0.00)	$	(0.00)	$	(0.00)
Loss per share, basic and diluted, from discontinued Operations		-		-		-		-
Net loss per share, basic and diluted	$	(0.00)	$	(0.00)	$	(0.00)	$	(0.00)
Weighted average shares outstanding		49,218,805		49,218,805		49,218,805		49,218,805

The accompanying notes are an integral part of these financial statements

4

Deal a Day Group Corp.

Consolidated Statement of Stockholders’ Deficit (unaudited)

As of June 30, 2013

	Common Stock		Additional	Non- controlling
	Shares $	Amount $	Paid-In Capital $	Interest in Subsidiaries $	Accumulated Deficit $	Total $
Balance, January 1, 2009	47,756,278	47,756	8,246,425	-	(13,614,996)	(5,320,815)
Conversion of Notes Payable	6,575,072	6,575	1,052,757	-	-	1,059,332
Stock based compensation	-	-	579,028	-	-	579,028
Net Loss	-	-	-	-	(1,263,181)	(1,263,181)
Balance, December 31, 2009	54,331,350	54,331	9,878,210	-	(14,878,177)	(4,945,636)
Conversion of Notes Payable	14,493,441	14,493	861,395	-	-	875,888
Conversion of Accounts Payable	2,075,087	2,075	94,561	-	-	96,636
Private Placement in Subsidiaries	365,021	365	6,137	269,892	-	276,394
Private Placement	312,500	313	24,687	-	-	25,000
Stock based compensation	-	-	903,746	-	-	903,746
Net Loss	-	-	-	(46,582)	(1,199,271)	(1,245,853)
Balance, December 31, 2010	71,577,399	71,577	11,768,736	223,310	(16,077,448)	(4,013,825)
Settlement of  notes payable-related party	-	-	66,933	-	-	66,933
Conversion of notes payable	-	-	27,285	-	-	27,285
Sale of subsidiaries	-	-	(6,400,538)	(223,310)	8,118,955	1,495,107
1 for 2 stock split	(35,277,281)	(35,277)	35,277	-	-	-
Returned shares	(581,313)	(581)	581	-	-	-
Purchase of assets	1,500,000	1,500	-	-	-	1,500
Conversion of  notes payable	12,000,000	12,000	1,188,000	-	-	1,200,000
Issuance of options	-	-	309,400	-	-	309,400
Net Loss	-	-	-	-	(670,002)	(670,002)
Balance, December 31, 2011	49,218,805	49,219	6,995,674	-	(8,628,495)	(1,583,602)
Issuance of options	-	-	196,717	-	-	196,717
Net Loss	-	-	-	-	(603,904)	(603,904)
Balance, December 31, 2012	49,218,805	49,219	7,192,391	-	(9,232,399)	(1,990,789)
Shares for debt	1,061,567	1,061	30,787	-	-	31,848
Issuance of options	-	-	9,951	-	-	9,951
Net Loss	-	-	-	-	(91,815)	(91,815)
Balance, June 30, 2013	50,280,372	50,280	7,233,129	-	(9,324,214)	(2,040,805)

The accompanying notes are an integral part of these financial statements

5

Deal a Day Group Corp.

(A Development Stage Company)

Consolidated Statements of Cash Flows (unaudited)

For the Six Months Ended June 30, 2013 and 2012 and the

Period from January 1, 2009 (Inception of development stage) to June 30, 2013

		Six Months Ended June 30, 2013		Six Months Ended June 30, 2012		From January 1, 2009 ( Inception of development stage) to June 30, 2013
Cash Flows From Operating Activities
Net loss	$	(91,815)	$	(481,847)	$	(3,874,757)
Loss from discontinued operations		-		-		(147,544)
Loss from continuing operations		(91,815)		(481,847)		(3,727,213)
Non cash item:
Stock based compensation		9,951		139,606		1,998,842
Adjustments to reconcile loss from continuing operations to cash flows used in operating activities:
Prepaid and other assets		3,600		100		(100)
Accounts payable		10,900		-		(512)
Accrued expenses		45,084		87,221		949,094
Net cash used in continuing operations		(22,280)		(254,920)		(779,889)
Net cash used in discontinued operations		-		-		(123,331)
Cash used in operating activities		(22,280)		(254,920)		(903,220)
Cash Flows From Financing Activities
Borrowings on note payable		25,000		250,000		603,641
Proceeds from private placement		-		-		302,894
Principal payments on notes payable		-		-		(500)
Cash provided by financing activities		25,000		250,000		906,035
Net increase (decrease) in cash and cash equivalents		2,720		(4,920)		2,815
Cash and cash equivalents, opening		95		22,394		-
Cash and cash equivalents, closing	$	2,815	$	17,474	$	2,815
Supplemental cash flow information
Cash paid during the year for:
Interest	$	-	$	-	$	-
Income taxes	$	-	$	-	$	800
Non-cash financing activities
Conversion of notes payable to equity	$	31,848	$	-	$	2,282,022

The accompanying notes are an integral part of these financial statements

6

Deal a Day Group Corp.

Notes to Consolidated Financial Statements

June 30, 2013

1.

ORGANIZATION AND PRINCIPAL ACTIVITIES

Deal a Day Group Corp. (“DADG” or “the Company”) is a corporation organized under the laws of the State of Nevada.  

DADG changed its business direction in the wake of the massive growth and evolution of the multi-billion dollar daily deal market space.  We have redirected our company with the vision of creating balance between merchants and their customers and to create platforms that will help merchants grow their businesses through cost effective promotional resources. Our business units will focus on the Daily Deals/Group buying arena, print media, and software and applications development.

On November 3, 2011, the Company completed a 1-for-2 reverse stock split.  As of June 30, 2013, 49,218,805 shares of common stock are outstanding.

2.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Accounting Principles

The consolidated balance sheets and related consolidated statements of operations and cash flows contained in this report include the accounts of the Company and its subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, all entries necessary for a fair presentation of such consolidated financial statements have been included. These entries consisted only of normal recurring items.

The consolidated financial statements and accompanying notes are prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”).  The preparation of financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.

Discontinued operations

The Company’s former operations were discontinued in 2008 and were accounted for as discontinued operations. On October 21, 2011, the discontinued operations of QMotions, Inc. and Aptus Games Inc. were sold in a share purchase agreement to an individual. The Company retains ownership of the discontinued subsidiary Diagnostic Nano Applications Corp.

Cash and cash equivalents

Cash and cash equivalents consist primarily of cash on deposit.

Revenue recognition

The Company recognizes revenue in accordance with the provision of the Securities and Exchange Commission Staff Accounting Bulletin (“SAB”) No. 104 (ASC 605-10) which establishes guidance in applying generally accepted accounting principles to revenue recognition in financial statements. Four basic criteria must be met before we recognize revenue: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services rendered; (3) the price to the buyer is fixed and determinable; and (4) collectability is reasonably assured.

Research and development

All costs of research and development activities are expensed as incurred.  

Income taxes

The Company records deferred tax assets and liabilities based on the net tax effects of tax credits, operating loss carryforwards and temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The Company assesses the likelihood that its deferred tax assets will be recovered from future taxable income and the Company establishes a valuation allowance to reduce deferred tax assets to an amount which it believes to be more likely than not realizable. The valuation allowance is based on the Company`s estimates of taxable income by jurisdiction in which it operates and the period over which its deferred tax assets will be recoverable.  

7

Deal a Day Group Corp.

Notes to Consolidated Financial Statements

June 30, 2013

2.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Going concern

The accompanying consolidated financial statements have been prepared assuming that the company will continue to operate as a going concern.  Through June 30, 2013, the Company has not generated significant operating or net profits.  As of June 30, 2013, the accumulated deficit is $9,324,214 and the working capital deficiency is $2,072,653.  

Property, plant and equipment

Property, plant and equipment are stated at original cost less accumulated depreciation and amortization.

Depreciation is provided to write off the cost of property, plant and equipment using the straight-line method at rates based on their estimated useful lives from the date on which they become fully operational and after taking into account their estimated residual values.

Accounting for the impairment of long-lived assets

The long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of assets may not be recoverable. It is reasonably possible that these assets could become impaired as a result of technology or other industry changes. Determination of recoverability of assets to be held and used is by comparing the carrying amount of an asset to future net undiscounted cash flows to be generated by the assets. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell.

Operating leases

Leases where substantially all the rewards and risks of ownership of assets remain with the leasing company are accounted for as operating leases.

Fair Value of Financial Instruments

The Company’s financial instruments consist of prepaids and other assets, accounts payable, accrued interest, and notes payable. The carrying amounts of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.

Related parties

Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control or common significant influence.

Basic and Diluted Net Loss per Share

Basic net loss per common share is computed by dividing net loss applicable to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted net loss per common share is determined using the weighted-average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents, consisting of shares that might be issued upon exercise of common stock options. In periods where losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive.

Recently issued accounting standards

There are no accounting standards or interpretations issued or recently adopted that are expected to have a material impact on the Company’s consolidated financial position, operations or cash flows.  

8

Deal a Day Group Corp.

Notes to Consolidated Financial Statements

June 30, 2013

3.

NOTES PAYABLE

On November 4, 2011, the Company entered into a Settlement Agreement and General Mutual Release under which Alma Bailante Real Estate Inc. (a secured creditor) has agreed to release and forever discharge $1,200,000 of debt in exchange for 4,666,929 shares of common stock of DADG beneficially owned by Albanna and 12,000,000 shares of common stock of DADG (new shares) and enter into a new Promissory Note evidencing the remaining $945,962 of debt owned by Alma. In exchange, Alma agreed to release any and all security interest held by Alma in relation to the debt; specifically Alma released and discharged the collateralized interest Alma had, in and to, the remaining shares of DADG held by the Albanna Trust.

On November 4, 2011, the Company executed an Asset Acquisition Agreement with Rich Media Corp. (RMC”) of Seoul, Korea.  RMC owns various online marketing and media websites, including social media accounts operating in the online group buying and marketing sector. Total consideration to RMC shall be an amount equal to $400,000 and restricted stock purchase rights to 1,500,000 shares of DADG for a price of $0.10 per share.

On February 18, 2013, the Company retired a loan payable of $31,848 by issuing 1,061,567 shares at $0.03 per share.

Description		June 30, 2013		December 31, 2012
Note Payable plus interest of $39,146 at 10%, past due	$	60,000	$	60,000
Note Payable plus interest of $48,128 at 10%, past due		141,632		141,632
Note Payable plus interest of $706,034 at 10%, due November 3, 2013		300,000		300,000
Note Payable plus interest of $47,640 at 8%, past due		497,440		472,440
Bridge Loans, no interest, no due date		-		31,848
	$	999,072	$	1,005,920

The 5 year repayment terms of the loan are as follows:

Due Date		Amount
Past due	$	699,072
December 31, 2013	$	300,000
December 31, 2014	$	-
December 31, 2015	$	-
December 31, 2016	$	-
Indefinite	$	-
Total	$	999,072

9

Deal a Day Group Corp.

Notes to Consolidated Financial Statements

June 30, 2013

4.

NON-CONTROLLING INTEREST IN SUBSIDIARIES

The Company owns 4,500 shares of common stock of the 5,357 shares outstanding in Diagnostic Nano Applications Corporation (“DNA”) for a 78.4% share.  DNA is a discontinued operation.

On November 4, 2011, the Company executed an Asset Acquisition Agreement exchanging its remaining 30.01% interest in OLFactor Laboratories, Inc. and 50.0% interest in Nano Engineered Applications, Inc. for 10,000,000 shares of Innovation Economy Corp. (“IEC”), an affiliated Company.  Currently, the shares of Innovation Economy Corp. are not tradable.

In a Restricted Stock Purchase Right Agreement dated November 4, 2011, DADG has the right on a quarterly basis over the next year to purchase shares that would allow it to maintain a 10% ownership interest in IEC.  The 10 million shares the Company owns represents a 12.24% ownership interest in IEC.

5.

SUBSEQUENT EVENTS

The Company has analyzed its operations subsequent to June 30, 2013 through the date these consolidated financial statements were filed with the OTC Disclosure and News Service and has determined that it does not have any additional material subsequent events to disclose.

10

ITEM 2.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF OPERATION

FORWARD-LOOKING STATEMENTS

This Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A) contains forward-looking statements that involve known and unknown risks, significant uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed, or implied, by those forward-looking statements.  You can identify forward-looking statements by the use of the words may, will, should, could, expects, plans, anticipates, believes, estimates, predicts, intends, potential, proposed, or continue or the negative of those terms.  These statements are only predictions. In evaluating these statements, you should consider various factors which may cause our actual results to differ materially from any forward-looking statements.  Although we believe that the exceptions reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements.  We undertake no obligation to revise or update publicly any forward-looking statements for any reason.

RESULTS OF OPERATIONS

Comparison of the three month period ended June 30, 2013 and the three month period ended June 30, 2012

The Company is a development stage company with no sales or revenue as of the date of this report.

Operating Expenses

Our operating expenses for the three months ended June 30, 2013 compared to the three months ended June 30, 2012 consisted primarily of general and administrative expenses.

General and administrative expenses for the three months ended June 30, 2013 were $11,435 compared to the three months ended June 30, 2012 which were $107,839.  The decrease of $96,404 is a result of the Company launching operations in 2012 and, due to cash flow constrictions in late 2012, having to reduce operations during the most recently completed quarter.  

Interest expense for the three months ended June 30, 2013 totaled $22,453 compared to $41,497 for the three months ended June 30, 2012.  

Stock based compensation for the three months ended June 30, 2013 was $nil compared to the three months ended June 30, 2012 which were $62,256.  The decrease of $62,256 is a result of all options completing their vesting periods during 2012.  

Net Loss

As a result of the foregoing, we reported a net loss attributable to common shareholders for the three months ended June 30, 2013 and 2012 of $33,978 and $211,592, respectively.  

Comparison of the six month period ended June 30, 2013 and the six month period ended June 30, 2012

The Company is a development stage company with no sales or revenue as of the date of this report.

Operating Expenses

Our operating expenses for the six months ended June 30, 2013 compared to the six months ended June 30, 2012 consisted primarily of general and administrative expenses.

General and administrative expenses for the six months ended June 30, 2013 were $36,778 compared to the six months ended June 30, 2012 which were $255,020.  The decrease of $218,242 is a result of the Company launching operations in 2012 and, due to cash flow constrictions in late 2012, having to reduce operations during the most recently completed quarter.  

Interest expense for the six months ended June 30, 2013 totaled $45,086 compared to $87,221 for the six months ended June 30, 2012.

Stock based compensation for the six months ended June 30, 2013 was $9,951 compared to the six months ended June 30, 2012 which were $139,606.  The decrease of $129,655 is a result of all options completing their vesting periods during 2012.  

11

Net Loss

As a result of the foregoing, we reported a net loss attributable to common shareholders for the six months ended June 30, 2013 and 2012 of $91,815 and $481,847, respectively.  

Liquidity and Capital Resources

There is substantial doubt about our ability to continue as a going concern as the continuation of our business is dependent upon obtaining further long-term financing, successful and sufficient market acceptance of our products and achieving a profitable level of operations. The issuance of additional equity securities by us could result in a significant dilution in the equity interests of our current stockholders. Obtaining commercial loans, assuming those loans would be available, would provide liquidity and increase our liabilities and future cash commitments. Presently, our revenues are not sufficient to meet our operating and capital expenses. Management projects that we will require additional funding to maintain our current operations

Operating Activities: Net cash used in operating activities for the six months ended June 30, 2013 was $22,280 as compared to $254,920 used in operating activities for the six months ended June 30, 2012. The decrease is primarily due to the Company being able to finance operations through debt in the comparable period whereas operations decreased drastically in the most recently completed financial period.  

Financing Activities: Cash received from financing activities for the six months ended June 30, 2013 came primarily from proceeds from loans of $25,000. During the six months ended June 30, 2012, the Company raised $250,000 through debt.

The Company had cash and cash equivalents of $2,815 as of June 30, 2013 as compared to $95 at December 31, 2012. The ability the Company to continue as a going concern is dependent on its success in obtaining additional financing.  

Going Concern

We have not attained profitable operations and are dependent upon obtaining financing to pursue any extensive acquisitions and activities. For these reasons, our auditors stated in their report on our audited financial statements that they have substantial doubt that we will be able to continue as a going concern without further financing. 

Future Financings

We will continue to rely on equity sales of our common shares in order to continue to fund our business operations. Issuances of additional shares will result in dilution to existing stockholders. There is no assurance that we will achieve any additional sales of the equity securities or arrange for debt or other financing to fund our operations and other activities.

Off-Balance Sheet Arrangements

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to stockholders.

Critical Accounting Policies

Our financial statements and accompanying notes have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.

We regularly evaluate the accounting policies and estimates that we use to prepare our financial statements. A complete summary of these policies is included in the notes to our financial statements. In general, management's estimates are based on historical experience, on information from third party professionals, and on various other assumptions that are believed to be reasonable under the facts and circumstances. Actual results could differ from those estimates made by management.

12

Recently Issued Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company 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.

ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 4.

CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Disclosure controls and procedures are controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by our company in the reports that it files or submits under the Exchange Act is accumulated and communicated to our management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. Our management carried out an evaluation under the supervision and with the participation of our Principal Executive Officer and Principal Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures pursuant to Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 ("Exchange Act"). Based upon that evaluation, our Principal Executive Officer and Principal Financial Officer have concluded that our disclosure controls and procedures were not effective as of June 30, 2013, due to the material weaknesses resulting from the Board of Directors not currently having any independent members and no director qualifies as an audit committee financial expert as defined in Item 407(d)(5)(ii) of Regulation S-K, and controls were not designed and in place to ensure that all disclosures required were originally addressed in our financial statements.

Changes in Internal Control over Financial Reporting

Our management has also evaluated our internal control over financial reporting, and there have been no significant changes in our internal controls or in other factors that could significantly affect those controls subsequent to the date of our last evaluation.

The Company is not required by current SEC rules to include, and does not include, an auditor's attestation report. The Company's registered public accounting firm has not attested to Management's reports on the Company's internal control over financial reporting.

13

PART II - OTHER INFORMATION

ITEM 1.

LEGAL PROCEEDINGS.

On April 1, 2010, the Company entered into a Stipulation for Entry of Judgment (“Settlement Agreement”) pursuant to which Aptus Games, Inc., (a former subsidiary of the Company) agreed to pay the sum of $12,000 in installments commencing March 2010 and ending July 2010. Payments were scheduled to be $600 for the first four months of the Settlement Agreement and a final payment in the amount of $9,600 in July 2010. As of March 31, 2013, the Company has not been able to make the final payment. The remaining balance to date is $4,100. Under this Settlement Agreement, the Company also agreed to deliver 75,000 restricted shares of its common stock of to certain affiliates of the plaintiff. The original demand was for $24,999.

On June 7, 2011 VFX Direct LLC, filed a complaint against Aptus Games, Inc. in Superior Court of the State of California, County of Riverside alleging vendor amounts due. The claim is for $88,000 with interest at 10% per annum from September 28, 2008, attorney fees, cost of litigation and general and equitable relief as the court deems just and proper. The Company has answered the claim and awaiting further court activity. The Company’s vendor account balance is $60,300.

ITEM 1A.

RISK FACTORS.

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 2.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

1.

Quarterly Issuances:

During the quarter, we did not issue any unregistered securities other than as previously disclosed.

2.

Subsequent Issuances:

Subsequent to the quarter, we did not issue any unregistered securities other than as previously disclosed.

ITEM 3.

DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4.

MINE SAFETY DISCLOSURES.

Not Applicable.

ITEM 5.

OTHER INFORMATION.

None.

14

ITEM 6.

EXHIBITS

Exhibit Number	Description of Exhibit	Filing
3.01	Articles of Incorporation	Filed with the SEC on November 2, 2005 as part of our Registration Statement on Form SB-2.
3.01a	Articles of Merger	Filed with the SEC on June 14, 2012 as part of our Registration Statement on Form 10-12G.
3.01b	Certificate of Amendment	Filed with the SEC on June 14, 2012 as part of our Registration Statement on Form 10-12G.
3.01c	Certificate of Amendment	Filed with the SEC on June 14, 2012 as part of our Registration Statement on Form 10-12G.
3.02	Bylaws	Filed with the SEC on November 2, 2005 as part of our Registration Statement on Form SB-2.
3.02a	Amended and Restated Bylaws	Filed with the SEC on November 19, 2008 as part of our Quarterly Report on Form 10-Q.
10.01	Asset Acquisition Agreement with Rich Media Corp.	Filed with the SEC on June 14, 2012 as part of our Registration Statement on Form 10-12G.
14.01	Code of Business Conduct and Ethics	Filed with the SEC on November 2, 2005 as part of our Registration Statement on Form SB-2.
21.01	List of Subsidiaries	Filed with the SEC on April 1, 2008 as part of our Annual Report on Form 10-K.
31.01	Certification of Principal Executive Officer Pursuant to Rule 13a-14	Filed herewith.
31.02	Certification of Principal Financial Officer Pursuant to Rule 13a-14	Filed herewith.
32.01	CEO and CFO Certification Pursuant to Section 906 of the Sarbanes-Oxley Act	Filed herewith.
101.INS*	XBRL Instance Document	Filed herewith.
101.SCH*	XBRL Taxonomy Extension Schema Document	Filed herewith.
101.CAL*	XBRL Taxonomy Extension Calculation Linkbase Document	Filed herewith.
101.LAB*	XBRL Taxonomy Extension Labels Linkbase Document	Filed herewith.
101.PRE*	XBRL Taxonomy Extension Presentation Linkbase Document	Filed herewith.
101.DEF*	XBRL Taxonomy Extension Definition Linkbase Document	Filed herewith.

*Pursuant to Regulation S-T, this interactive data file is deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, and otherwise is not subject to liability under these sections.

SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	DEAL A DAY GROUP CORP.
Dated: August 19, 2013	/s/ Richard Pak
	By:  Richard Pak
	Its: President, CEO, CFO, Principal Accounting Officer, Treasurer and Director

15

EX-31.01

Exhibit 31.01

CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER PURSUANT TO RULE 13a-14

I, Richard Pak, certify that:

1.

I have reviewed this Quarterly Report on Form 10-Q of Deal a Day Group Corp.;

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)         Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)         Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)         Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.

The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)         All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)         Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 19, 2013

/s/ Richard Pak                       

By: Richard Pak

Its: Chief Executive Officer

EX-31.02

Exhibit 31.02

CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO RULE 13a-14

I, Richard Pak, certify that:

1.

I have reviewed this Quarterly Report on Form 10-Q of Deal a Day Group Corp.;

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)         Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)         Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)         Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.

The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)         All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)         Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 19, 2013

/s/ Richard Pak                      

By: Richard Pak

Its:  Chief Financial Officer

EX-32.01

Exhibit 32.01

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Deal a Day Group Corp. (the “Company”) on Form 10-Q for the period ended June 30, 2013 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Richard Pak, Chief Executive Officer and Chief Financial Officer, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge and belief:

(1)        The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)        The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

/s/ Richard Pak

By: Richard Pak

Chief Executive Officer and Chief Financial Officer

Dated: August 19, 2013

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

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Notes Payable (Details 1) (USD $)	Jun. 30, 2013	Dec. 31, 2012
Notes Payable Details 1
Past due	$ 699,072
December 31, 2013	300,000
December 31, 2014
December 31, 2015
December 31, 2016
Indefinite
Notes Payable	$ 999,072	$ 1,005,920

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Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended		54 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013
Operating expense:
General and administrative	$ 11,435	$ 107,839	$ 36,778	$ 255,020	$ 769,272
Stock based compensation		62,256	9,951	139,606	1,689,442
Operating loss	(11,435)	(170,095)	(46,729)	(394,626)	(2,458,714)
Non-operating expenses:
Interest expense	(22,543)	(41,497)	(45,086)	(87,221)	(959,097)
Loss from continuing operations	(33,978)	(211,592)	(91,815)	(481,847)	(3,417,811)
Loss from discontinued operations					(147,544)
Net loss	(33,978)	(211,592)	(91,815)	(481,847)	(3,565,355)
Less: net income attributable to non-controlling interests					(46,582)
Net loss attributable to common stockholders	$ (33,978)	$ (211,592)	$ (91,815)	$ (481,847)	$ (3,518,773)
Loss per share, basic and diluted, before discontinued Operations	$ 0.00	$ 0.00	$ 0.00	$ 0.00
Loss per share, basic and diluted, from discontinued Operations
Net loss per share, basic and diluted	$ 0.00	$ 0.00	$ 0.00	$ 0.00
Weighted average shares outstanding	49,218,805	49,218,805	49,218,805	49,218,805

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Non-Controlling Interest In Subsidiaries

6 Months Ended

Jun. 30, 2013

Notes to Financial Statements

Note 4. NON-CONTROLLING INTEREST IN SUBSIDIARIES

The Company owns 4,500 shares of common stock of the 5,357 shares outstanding in Diagnostic Nano Applications Corporation (“DNA”) for a 78.4% share. DNA is a discontinued operation.

On November 4, 2011, the Company executed an Asset Acquisition Agreement exchanging its remaining 30.01% interest in OLFactor Laboratories, Inc. and 50.0% interest in Nano Engineered Applications, Inc. for 10,000,000 shares of Innovation Economy Corp. (“IEC”), an affiliated Company. Currently, the shares of Innovation Economy Corp. are not tradable.

In a Restricted Stock Purchase Right Agreement dated November 4, 2011, DADG has the right on a quarterly basis over the next year to purchase shares that would allow it to maintain a 10% ownership interest in IEC. The 10 million shares the Company owns represents a 12.24% ownership interest in IEC.

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Notes Payable (Details Narrative) (USD $)	Jun. 30, 2013 NotePayableMember	Dec. 31, 2012 NotePayableMember	Jun. 30, 2013 NotePayableOneMember	Dec. 31, 2012 NotePayableOneMember	Jun. 30, 2013 NotePayableTwoMember	Dec. 31, 2012 NotePayableTwoMember	Dec. 31, 2012 NotePayableThreeMember	Jun. 30, 2012 NotePayableThreeMember	Jun. 30, 2013 BridgeLoanMember	Dec. 31, 2012 BridgeLoanMember
Interest	$ 39,146	$ 39,146	$ 48,128	$ 48,128	$ 706,034	$ 706,034	$ 47,640	$ 47,640	$ 0	$ 0
Interest rate	10.00%	10.00%	10.00%	10.00%	10.00%	10.00%	8.00%	8.00%	0.00%	0.00%

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Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended		54 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013
Cash Flows From Operating Activities
Net loss	$ (91,815)	$ (481,847)	$ (3,874,757)
Loss from discontinued operations			(147,544)
Loss from continuing operations	(91,815)	(481,847)	(3,727,213)
Non cash item:
Stock based compensation	9,951	139,606	1,998,842
Prepaid and other assets	3,600	100	(100)
Accounts payable	10,900		(512)
Accrued expenses	45,084	87,221	949,094
Net cash used in continuing operations	(22,280)	(254,920)	(779,889)
Net cash used in discontinued operations			(123,331)
Cash used in operating activities	(22,280)	(254,920)	(903,220)
Cash Flows From Financing Activities
Borrowings on note payable	25,000	250,000	603,641
Proceeds from private placement			302,894
Principal payments on notes payable			(500)
Cash provided by financing activities	25,000	250,000	906,035
Net increase (decrease) in cash and cash equivalents	2,720	(4,920)	2,815
Cash and cash equivalents, opening	95	22,394
Cash and cash equivalents, closing	2,815	17,474	2,815
Supplemental cash flow information
Cash paid during the year for: Interest
Cash paid during the year for: Income taxes			800
Non-cash financing activities
Conversion of notes payable to equity	$ 31,848		$ 2,282,022

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Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2013

Notes to Financial Statements

Note 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Accounting Principles

The consolidated balance sheets and related consolidated statements of operations and cash flows contained in this report include the accounts of the Company and its subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, all entries necessary for a fair presentation of such consolidated financial statements have been included. These entries consisted only of normal recurring items.

The consolidated financial statements and accompanying notes are prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”). The preparation of financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.

Discontinued operations

The Company’s former operations were discontinued in 2008 and were accounted for as discontinued operations. On October 21, 2011, the discontinued operations of QMotions, Inc. and Aptus Games Inc. were sold in a share purchase agreement to an individual. The Company retains ownership of the discontinued subsidiary Diagnostic Nano Applications Corp.

Cash and cash equivalents

Cash and cash equivalents consist primarily of cash on deposit.

Revenue recognition

The Company recognizes revenue in accordance with the provision of the Securities and Exchange Commission Staff Accounting Bulletin (“SAB”) No. 104 (ASC 605-10) which establishes guidance in applying generally accepted accounting principles to revenue recognition in financial statements. Four basic criteria must be met before we recognize revenue: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services rendered; (3) the price to the buyer is fixed and determinable; and (4) collectability is reasonably assured.

Research and development

All costs of research and development activities are expensed as incurred.

Income taxes

The Company records deferred tax assets and liabilities based on the net tax effects of tax credits, operating loss carryforwards and temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The Company assesses the likelihood that its deferred tax assets will be recovered from future taxable income and the Company establishes a valuation allowance to reduce deferred tax assets to an amount which it believes to be more likely than not realizable. The valuation allowance is based on the Company`s estimates of taxable income by jurisdiction in which it operates and the period over which its deferred tax assets will be recoverable.

Going concern

The accompanying consolidated financial statements have been prepared assuming that the company will continue to operate as a going concern. Through June 30, 2013, the Company has not generated significant operating or net profits. As of June 30, 2013, the accumulated deficit is $9,324,214 and the working capital deficiency is $2,072,653.

Property, plant and equipment

Property, plant and equipment are stated at original cost less accumulated depreciation and amortization.

Depreciation is provided to write off the cost of property, plant and equipment using the straight-line method at rates based on their estimated useful lives from the date on which they become fully operational and after taking into account their estimated residual values.

Accounting for the impairment of long-lived assets

The long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of assets may not be recoverable. It is reasonably possible that these assets could become impaired as a result of technology or other industry changes. Determination of recoverability of assets to be held and used is by comparing the carrying amount of an asset to future net undiscounted cash flows to be generated by the assets. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell.

Operating leases

Leases where substantially all the rewards and risks of ownership of assets remain with the leasing company are accounted for as operating leases.

Fair Value of Financial Instruments

The Company’s financial instruments consist of prepaids and other assets, accounts payable, accrued interest, and notes payable. The carrying amounts of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.

Related parties

Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control or common significant influence.

Basic and Diluted Net Loss per Share

Basic net loss per common share is computed by dividing net loss applicable to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted net loss per common share is determined using the weighted-average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents, consisting of shares that might be issued upon exercise of common stock options. In periods where losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive.

Recently issued accounting standards

There are no accounting standards or interpretations issued or recently adopted that are expected to have a material impact on the Company’s consolidated financial position, operations or cash flows.

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Subsequent Events

6 Months Ended

Jun. 30, 2013

Notes to Financial Statements

Note 5. SUBSEQUENT EVENTS

The Company has analyzed its operations subsequent to June 30, 2013 through the date these consolidated financial statements were filed with the OTC Disclosure and News Service and has determined that it does not have any additional material subsequent events to disclose.

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Notes Payable

6 Months Ended

Jun. 30, 2013

Notes to Financial Statements

Note 3. NOTES PAYABLE

On November 4, 2011, the Company entered into a Settlement Agreement and General Mutual Release under which Alma Bailante Real Estate Inc. (a secured creditor) has agreed to release and forever discharge $1,200,000 of debt in exchange for 4,666,929 shares of common stock of DADG beneficially owned by Albanna and 12,000,000 shares of common stock of DADG (new shares) and enter into a new Promissory Note evidencing the remaining $945,962 of debt owned by Alma. In exchange, Alma agreed to release any and all security interest held by Alma in relation to the debt; specifically Alma released and discharged the collateralized interest Alma had, in and to, the remaining shares of DADG held by the Albanna Trust.

On November 4, 2011, the Company executed an Asset Acquisition Agreement with Rich Media Corp. (RMC”) of Seoul, Korea. RMC owns various online marketing and media websites, including social media accounts operating in the online group buying and marketing sector. Total consideration to RMC shall be an amount equal to $400,000 and restricted stock purchase rights to 1,500,000 shares of DADG for a price of $0.10 per share.

On February 18, 2013, the Company retired a loan payable of $31,848 by issuing 1,061,567 shares at $0.03 per share.

Description	June 30, 2013		December 31, 2012
Note Payable plus interest of $39,146 at 10%, past due	$	60,000	$	60,000
Note Payable plus interest of $48,128 at 10%, past due		141,632		141,632
Note Payable plus interest of $706,034 at 10%, due November 3, 2013		300,000		300,000
Note Payable plus interest of $47,640 at 8%, past due		497,440		472,440
Bridge Loans, no interest, no due date		-		31,848
	$	999,072	$	1,005,920

The 5 year repayment terms of the loan are as follows:

Due Date	Amount
Past due	$	699,072
December 31, 2013	$	300,000
December 31, 2014	$	-
December 31, 2015	$	-
December 31, 2016	$	-
Indefinite	$	-
Total	$	999,072

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Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)	Jun. 30, 2013	Dec. 31, 2012
Stockholders` Deficit
Common stock, par value	$ 0.001	$ 0.001
Common stock, Authorized	1,800,000,000	1,800,000,000
Common stock, Issued	50,280,372	49,218,805
Common stock, outstanding	50,280,372	49,218,805

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Organization and Principal Activities (Details Narrative)	6 Months Ended
	Jun. 30, 2013
Organization And Principal Activities Details Narrative
Incorporation state	Nevada
Common shares outstanding	49,218,805

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Consolidated Statement Of Stockholders' Deficit (Unaudited) (USD $)	Common Stock	Additional Paid-In Capital	Non-controlling Interest in Subsidiaries	Accumulated Deficit	Total
Beginning Balance, Amount at Dec. 31, 2008	$ 47,756	$ 8,246,425		$ (13,614,996)	$ (5,320,815)
Beginning Balance, Shares at Dec. 31, 2008	47,756,278
Conversion of Notes Payable, Shares	6,575,072
Conversion of Notes Payable, Amount	6,575	1,052,757			1,059,332
Stock based compensation		579,028			579,028
Net Loss				(1,263,181)	(1,263,181)
Ending Balance, Amount at Dec. 31, 2009	54,331	9,878,210		(14,878,177)	(4,945,636)
Ending Balance, Shares at Dec. 31, 2009	54,331,350
Conversion of Notes Payable, Shares	14,493,441
Conversion of Notes Payable, Amount	14,493	861,395			875,888
Stock based compensation		903,746			903,746
Conversion of Accounts Payable, Shares	2,075,087
Conversion of Accounts Payable, Amount	2,075	94,561			96,636
Private Placement in Subsidiaries, Shares	365,021
Private Placement in Subsidiaries, Amount	365	6,137	269,892		276,394
Private Placement, Shares	312,500
Private Placement, Amount	313	24,687			25,000
Net Loss			(46,582)	(1,199,271)	(1,245,853)
Ending Balance, Amount at Dec. 31, 2010	71,577	11,768,736	223,310	(16,077,448)	(4,013,825)
Ending Balance, Shares at Dec. 31, 2010	71,577,399
Conversion of Notes Payable, Shares	12,000,000
Conversion of Notes Payable, Amount	12,000	1,188,000			1,200,000
Conversion of notes payable		27,285			27,285
Settlement of notes payable-related party		66,933			66,933
Sale of subsidiaries		(6,400,538)	(223,310)	8,118,955	1,495,107
1 for 2 stock split, Shares	(35,277,281)
1 for 2 stock split, Amount	(35,277)	35,277
Returned shares, Shares	(581,313)
Returned shares, Amount	(581)	581
Purchase of assets, Shares	1,500,000
Purchase of assets, Amount	1,500				1,500
Issuance of options		309,400			309,400
Net Loss				(670,002)	(670,002)
Ending Balance, Amount at Dec. 31, 2011	49,219	6,995,674		(8,628,495)	(1,583,602)
Ending Balance, Shares at Dec. 31, 2011	49,218,805
Issuance of options		196,717			196,717
Net Loss				(603,904)	(603,904)
Ending Balance, Amount at Dec. 31, 2012	49,219	7,192,391		(9,232,399)	(1,990,789)
Ending Balance, Shares at Dec. 31, 2012	49,218,805
Issuance of options		9,951			9,951
Shares for debt, Shares	1,061,567
Shares for debt, Amount	1,061	30,787			31,848
Net Loss				(91,815)	(91,815)
Ending Balance, Amount at Jun. 30, 2013	$ 50,280	$ 7,233,129		$ (9,324,214)	$ (2,040,805)
Ending Balance, Shares at Jun. 30, 2013	50,280,372

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Consolidated Balance Sheets (Unaudited) (USD $)	Jun. 30, 2013	Dec. 31, 2012
Assets
Cash and cash equivalents	$ 2,815	$ 95
Prepaids and other assets	100	3,700
Total current assets	2,915	3,795
Total Assets	2,915	3,795
Liabilities and Stockholders' Deficit
Accounts payable	203,700	192,800
Accrued interest	840,948	795,864
Notes payable	999,072	1,005,920
Total Liabilities	2,043,720	1,994,584
Stockholders` Deficit
Common stock (par value $0.001) - Authorized, 1,800,000,000 common shares; issued and outstanding, 50,280,372 and 49,218,805 shares at June 30, 2013 and December 31, 2012 respectively	50,280	49,219
Additional paid-in capital	7,233,129	7,192,391
Accumulated deficit	(9,324,214)	(9,232,399)
Total Stockholders' Deficit	(2,040,805)	(1,990,789)
Total Liabilities and Stockholders' Deficit	$ 2,915	$ 3,795

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Notes Payable (Tables)

6 Months Ended

Jun. 30, 2013

Notes Payable Tables

Summary of notes payable

Description	June 30, 2013		December 31, 2012
Note Payable plus interest of $39,146 at 10%, past due	$	60,000	$	60,000
Note Payable plus interest of $48,128 at 10%, past due		141,632		141,632
Note Payable plus interest of $706,034 at 10%, due November 3, 2013		300,000		300,000
Note Payable plus interest of $47,640 at 8%, past due		497,440		472,440
Bridge Loans, no interest, no due date		-		31,848
	$	999,072	$	1,005,920

Principal maturities

The 5 year repayment terms of the loan are as follows:

Due Date	Amount
Past due	$	699,072
December 31, 2013	$	300,000
December 31, 2014	$	-
December 31, 2015	$	-
December 31, 2016	$	-
Indefinite	$	-
Total	$	999,072

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Notes Payable (Details) (USD $)	Jun. 30, 2013	Dec. 31, 2012
Notes Payable	$ 999,072	$ 1,005,920
NotePayableMember
Notes Payable	60,000	60,000
NotePayableOneMember
Notes Payable	141,632	141,632
NotePayableTwoMember
Notes Payable	300,000	300,000
NotePayableThreeMember
Notes Payable	497,440	472,440
BridgeLoanMember
Notes Payable		$ 31,848

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Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2013

Summary Of Significant Accounting Policies Policies

Accounting Principles

The consolidated balance sheets and related consolidated statements of operations and cash flows contained in this report include the accounts of the Company and its subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, all entries necessary for a fair presentation of such consolidated financial statements have been included. These entries consisted only of normal recurring items.

The consolidated financial statements and accompanying notes are prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”). The preparation of financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.

Discontinued operations

The Company’s former operations were discontinued in 2008 and were accounted for as discontinued operations. On October 21, 2011, the discontinued operations of QMotions, Inc. and Aptus Games Inc. were sold in a share purchase agreement to an individual. The Company retains ownership of the discontinued subsidiary Diagnostic Nano Applications Corp.

Cash and cash equivalents

Cash and cash equivalents consist primarily of cash on deposit.

Revenue recognition

The Company recognizes revenue in accordance with the provision of the Securities and Exchange Commission Staff Accounting Bulletin (“SAB”) No. 104 (ASC 605-10) which establishes guidance in applying generally accepted accounting principles to revenue recognition in financial statements. Four basic criteria must be met before we recognize revenue: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services rendered; (3) the price to the buyer is fixed and determinable; and (4) collectability is reasonably assured.

Research and development

All costs of research and development activities are expensed as incurred.

Income taxes

The Company records deferred tax assets and liabilities based on the net tax effects of tax credits, operating loss carryforwards and temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The Company assesses the likelihood that its deferred tax assets will be recovered from future taxable income and the Company establishes a valuation allowance to reduce deferred tax assets to an amount which it believes to be more likely than not realizable. The valuation allowance is based on the Company`s estimates of taxable income by jurisdiction in which it operates and the period over which its deferred tax assets will be recoverable.

Going concern

The accompanying consolidated financial statements have been prepared assuming that the company will continue to operate as a going concern. Through June 30, 2013, the Company has not generated significant operating or net profits. As of June 30, 2013, the accumulated deficit is $9,324,214 and the working capital deficiency is $2,072,653.

Property, plant and equipment

Property, plant and equipment are stated at original cost less accumulated depreciation and amortization.

Depreciation is provided to write off the cost of property, plant and equipment using the straight-line method at rates based on their estimated useful lives from the date on which they become fully operational and after taking into account their estimated residual values.

Accounting for the impairment of long-lived assets

The long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of assets may not be recoverable. It is reasonably possible that these assets could become impaired as a result of technology or other industry changes. Determination of recoverability of assets to be held and used is by comparing the carrying amount of an asset to future net undiscounted cash flows to be generated by the assets. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell.

Operating leases

Leases where substantially all the rewards and risks of ownership of assets remain with the leasing company are accounted for as operating leases.

Fair Value of Financial Instruments

The Company’s financial instruments consist of prepaids and other assets, accounts payable, accrued interest, and notes payable. The carrying amounts of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.

Related parties

Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control or common significant influence.

Basic and Diluted Net Loss per Share

Basic net loss per common share is computed by dividing net loss applicable to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted net loss per common share is determined using the weighted-average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents, consisting of shares that might be issued upon exercise of common stock options. In periods where losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive.

Recently issued accounting standards

There are no accounting standards or interpretations issued or recently adopted that are expected to have a material impact on the Company’s consolidated financial position, operations or cash flows.

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Organization and Principal Activities

6 Months Ended

Jun. 30, 2013

Notes to Financial Statements

Note 1. ORGANIZATION AND PRINCIPAL ACTIVITIES

Deal a Day Group Corp. (“DADG” or “the Company”) is a corporation organized under the laws of the State of Nevada.

DADG changed its business direction in the wake of the massive growth and evolution of the multi-billion dollar daily deal market space. We have redirected our company with the vision of creating balance between merchants and their customers and to create platforms that will help merchants grow their businesses through cost effective promotional resources. Our business units will focus on the Daily Deals/Group buying arena, print media, and software and applications development.

On November 3, 2011, the Company completed a 1-for-2 reverse stock split. As of June 30, 2013, 49,218,805 shares of common stock are outstanding.

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Summary of Significant Accounting Policies (Details Narrative) (USD $)	Jun. 30, 2013
Summary Of Significant Accounting Policies Details Narrative
Accumulated deficit	$ 9,324,214
Working capital deficiency	$ 2,072,653

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Document and Entity Information	6 Months Ended
	Jun. 30, 2013
Document And Entity Information
Entity Registrant Name	DEAL A DAY GROUP CORP.
Entity Central Index Key	0001341768
Document Type	10-Q
Document Period End Date	Jun. 30, 2013
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding	49,218,805
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2013