Stockholders Deficit

9 Months Ended

Jun. 30, 2013

Equity [Abstract]

Stockholders Deficit

Note 6 – Stockholders Deficit

Preferred Stock

The Company has 5,000,000 preferred shares authorized. None are designated, issued or outstanding.

Reverse Stock Split and Name Change

The Company entered into a non-binding letter of intent on October 18, 2012 to acquire a private company. This agreement was terminated by the Company’s management on January 4, 2013. (See Note 7)

On November 14, 2012, the Company effected a 1 for 10 reverse stock split of outstanding common stock of the Company. All share and per share information in the accompanying consolidated financial statements has been retroactively adjusted to give effect to the reverse stock split.

On November 14, 2012, the Company effected a name change of the Company, upon filing the amended Articles of Incorporation with the State of Nevada, whereby the Company’s new name is Bright Mountain Holdings, Inc.

Conversion of Related Party Debt to Common Stock and Capital Contributions

On February 8, 2013, two related party stockholders converted their convertible promissory notes and related accrued interest through December 31, 2012 totaling $272,291 into shares of common stock at the contractual conversion price of $0.40 per share. In addition, certain other outstanding liabilities of the principal stockholders such as accrued rent for $23,800 and accrued salary of $223,750 was converted to shares at $0.01 per share. Total shares issued were 25,435,727.

Accrued interest on the convertible notes and any other accrued liabilities due to the two principal stockholders from January 1, 2013 to February 8, 2013 and not covered by the $20,000 payment discussed in Note 1 were forgiven and were reclassed to additional paid-in capital at February 8, 2013. The total amount of this reclass was $27,335 which was comprised of $24,000 in contributed salary, $1,800 in rent which was paid by our President, $535 in accrued interest on the note balance from January 1, 2013 through February 8, 2013 and $1,000 of additional expenses paid by our President.