v3.2.0.727

Condensed Consolidated Statements of Operations (unaudited) - USD ($)	3 Months Ended		6 Months Ended		51 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
Income Statement [Abstract]
Revenue	$ 0	$ 0	$ 35	$ 0	$ 35
Expenses
Consulting	20,000	0	20,000		11,820,000
Professional fees	1,500	0	1,500		1,500
General and administrative	23,502	0	49,354	110	123,752
Total expenses	45,002	0	70,854	110	11,945,252
Other Income (Expense)
Additional consideration paid in excess of fair market value	0	0	0	0	(5,612,200)
Net loss	(45,002)	0	(70,819)	(110)	(17,557,417)
Net (loss) applicable to non-controlling interest	0	0	0	0	12
Net loss applicable to Megas, Inc.	$ (45,002)	$ 0	$ (70,819)	$ (110)	$ (17,557,417)
Basic loss per common share	$ 0	$ 0	$ 0	$ 0	$ 0
Weighted average shares outstanding	15,963,000	11,963,000	15,177,740	11,963,000	0

Issuance of stock as additional consideration paid in excess of fair market value in a business combination.

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The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.

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Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.

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Professional and contract service expense includes cost reimbursements for support services related to contracted projects, outsourced management, technical and staff support.

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MEGAS INC 10-Q