10-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-K/A

[X]	ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended  June 30, 2014
[  ]	TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
For the transition period from _________ to ________
Commission file number:  000-27645
Myriad Interactive Media, Inc.
(Exact name of registrant as specified in its charter)

Delaware	88-0258277
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
7 Ingram Drive, Suite 128 Toronto, Ontario, Canada	M6M 2L7
(Address of principal executive offices)	(Zip Code)
Registrant’s telephone number:  (888) 648-9366 EXT 2

Securities registered under Section 12(b) of the Exchange Act:
Title of each class	Name of each exchange on which registered
None	not applicable
Securities registered under Section 12(g) of the Exchange Act:
Title of each class	Name of each exchange on which registered
None	not applicable

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.  Yes [  ] No [X]

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes [ ]  No [X]

Check whether the Issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act during the past 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 (§ 229.405 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 [ ]

1

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. 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 [  ] 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]

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter. Approx. $957,743 as of December 31, 2013.

Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date.  142,309,752 as of October 21, 2014.

Explanatory Note:

This 10K/A is being issued to include inadvertently previously unfiled XBRL files. No other changes have been made.

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Note 1 - Description of Business, History and Summary of Significant Policies: Property and Equipment (Policies)

12 Months Ended

Jun. 30, 2014

Policies

Property and Equipment

Property and Equipment

Property and equipment is recorded at cost less accumulated depreciation. Depreciation and amortization is calculated using the straight-line method over the expected useful life of the asset, after the asset is placed in service.

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Note 1 - Description of Business, History and Summary of Significant Policies: Earnings (loss) Per Share (Policies)

12 Months Ended

Jun. 30, 2014

Policies

Earnings (loss) Per Share

Earnings (loss) per Share

Basic earnings (loss) per share exclude any dilutive effects of options, warrants and convertible securities. Basic earnings (loss) per share is computed using the weighted-average number of outstanding common stocks during the applicable period. Diluted earnings per share is computed using the weighted-average number of common and common stock equivalent shares outstanding during the period. Common stock equivalent shares are excluded from the computation if their effect is antidilutive.

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Note 1 - Description of Business, History and Summary of Significant Policies: Comprehensive Loss (Policies)

12 Months Ended

Jun. 30, 2014

Policies

Comprehensive Loss

Comprehensive Loss

Total comprehensive loss represents the net change in stockholders' equity during a period from sources other than transactions with stockholders and as such, includes net loss. For the Company, the components of other comprehensive loss are the changes in the cumulative foreign currency translation adjustments.

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Note 1 - Description of Business, History and Summary of Significant Policies: Reclassification (Policies)

12 Months Ended

Jun. 30, 2014

Policies

Reclassification

Reclassification

Certain balances in previously issued financial statements have been reclassified to be consistent with the current period presentation.

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Note 4 - Related Party Transactions

12 Months Ended

Jun. 30, 2014

Notes

Note 4 - Related Party Transactions

NOTE 4 – RELATED PARTY TRANSACTIONS

On April 23, 2012, an officer loaned the Company $1,236. The note bears no interest and is due July 18, 2013. During the year ended June 30, 2013, the Company repaid the entire balance.

On April 25, 2012, an officer loaned the Company $15,812. The note bears no interest and is due April 25, 2013. During the year ended June 30, 2013, the Company repaid the entire balance.

On June 26, 2012, an officer loaned the Company $8,708. The note bears no interest and is due June 26, 2013. During the year ended June 30, 2013, the Company repaid the entire balance.

On July 18, 2012, the Company borrowed $12,418 from a related party in the form of promissory note. The note bears no interest and is due on July 18, 2013.  During the year ended June 30, 2013, the Company issued 1,653,120 for the conversion of $12,418 which extinguished the debt in full. As a result, the Company recorded a loss on the settlement of the debt of $20,644. 

On January 22, 2013 and February 26, 2013, the Company borrowed $9,928 and $8,783, respectively, from a related party in the form of two promissory notes. The notes bears interest at 9% per annum and are due on January 22, 2014 and February 26, 2014, respectively. The notes and their related accrued interest totaling $20,508 were extinguished by the issuance of another promissory note that included a fixed conversion price of $0.025 dated March 4, 2014. It was due on March 31, 2014 and bore interest of 12% per annum. On March 11, 2014, the note was completely converted into 820,320 shares of common stock.  Therefore, accrued interest related to these notes was $0 and $662 as of June 30, 2014 and June 30, 2013, respectively. Due to the fixed conversion price, there was a beneficial conversion feature of $5,334 calculated on the date of the note which was completely amortized as of June 30, 2014.

On February 21, 2014, the Company issued 3,862,400 shares of common stock to an officer for payment of accounts payable totaling $96,560 which resulted in a loss on settlement of debt of $65,661 due to the price of the stock on the agreement date.

On July 23, 2013, the Company borrowed $3,168 from an officer in the form of a promissory note. The note is unsecured, accrues interest at 9% per annum and is due on July 23, 2014. The note and all related accrued interest was paid in full on March 19, 2014.

On July 24, 2013, the Company issued 3,00,000 options for services to an officer. These options have a two year life and an exercise price of $0.005 and were valued using the Black-Scholes model at a total of $20,058. The Company calculated a relative fair value for these options based on a volatility of 273%, a risk-free interest rate of .34% and a stock price on the date of issuance of $0.007. On January 13, 2014, 2,000,000 of these options were exercised on a cashless option for a total of 1,729,730 shares of common stock.

On July 30, 2013, the Company borrowed $974 from an officer in the form of a promissory note. The note is unsecured, accrues interest at 9% per annum and is due on July 30, 2014. The note and all related accrued interest was paid in full on March 19, 2014.

On July 31, 2013, the Company granted Preferred A Stock to an officer that was contingent on the officer’s continued employment for an additional two (2) years. This resulted in a total value of $13,000, of which $6,090 has been amortized as of June 30, 2014 leaving a balance of $6,910 remaining as a prepaid expense.

On October 29, 2013 the Company borrowed $3,345 from an officer in the form of a promissory note. The note is unsecured, accrues interest at 8% per annum and is due on October 29, 2014. The note and all related accrued interest was paid in full on March 3, 2014.

On December 2, 2013, the Company borrowed $471 from an officer in the form of a promissory note. The note is unsecured, accrues interest at 8% per annum and is due on December 2, 2014. The note and all related accrued interest was paid in full on March 3, 2014.

On December 2, 2013, the Company borrowed $942 from an officer in the form of a promissory note. The note is unsecured, accrues interest at 8% per annum and is due on December 2, 2014. The note and all related accrued interest was paid in full on March 5, 2014.

An officer of the Company receives $8,000 a month for consulting fees until otherwise modified or cancelled by further action of the board. The officer has waived the right to receive consulting fees for the months of April, May and June 2014.  The Company has a balance due to the officer for consulting services of $0 and $53,987 as of June 30, 2014 and 2013, respectively. The officer has waived fees for three (3) months of the year resulting in a total compensation cost of $72,000 for both of the years ended June 30, 2014 and 2013.

An officer forgave $1,733 of expenses paid on behalf of the Company as of June 30, 2014.

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Note 1 - Description of Business, History and Summary of Significant Policies: Fair Value For Financial Assets and Financial Liabilities (Policies)

12 Months Ended

Jun. 30, 2014

Policies

Fair Value For Financial Assets and Financial Liabilities

Fair Value for Financial Assets and Financial Liabilities

The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification (“ASC”) for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB ASC (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in U.S. GAAP, and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:

Level 1 - Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.

Level 2  - Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.

Level 3 - Pricing inputs that are generally observable inputs and not corroborated by market data.

The carrying amounts of the Company’s financial assets and liabilities, such as cash, advance of royalties, prepaid expenses and accounts payable approximate their fair values because of the short maturity of these instruments.

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Note 1 - Description of Business, History and Summary of Significant Policies: Concentration of Risk (Policies)

12 Months Ended

Jun. 30, 2014

Policies

Concentration of Risk

Concentration of Risk

Financial instruments, which potentially subject us to concentrations of credit risk, consist principally of cash.  The Company’s cash balances are maintained in accounts held by major banks and financial institutions located in the United States.  The Company occasionally maintains amounts on deposit with a financial institution that are in excess of the federally insured limits. The risk is managed by maintaining all deposits in high quality financial institutions.

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Note 1 - Description of Business, History and Summary of Significant Policies: Revenue Recognition (Policies)

12 Months Ended

Jun. 30, 2014

Policies

Revenue Recognition

Revenue Recognition

Revenues from fixed price contracts and cost-plus-fee contracts are recognized as services are performed. Revenue is recognized at the time of sale if collection is reasonably assured. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required.

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Note 1 - Description of Business, History and Summary of Significant Policies: Advertising Costs (Policies)

12 Months Ended

Jun. 30, 2014

Policies

Advertising Costs

Advertising Costs

The Company expenses all costs of advertising as incurred.  There were $7,556 and $1,950 of advertising costs incurred during the years ended June 30, 2014 and 2013, respectively.

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Note 3 - Prepaid Expenses

12 Months Ended

Jun. 30, 2014

Notes

Note 3 - Prepaid Expenses

NOTE 3 – PREPAID EXPENSES

On April 1, 2013, the Company entered into a lease agreement for a term of twelve months. The Company paid $22,800 initially toward the agreement and that amount is being amortized over the term of the lease leaving a balance of $0 and $17,100 as prepaid expense as of June 30, 2014 and 2013, respectively.

See Note 4 for issuance of Preferred A Stock issued to an officer which resulted in an ending prepaid expense of $6,910 as of June 30, 2014.

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Note 1 - Description of Business, History and Summary of Significant Policies: Share-based Compensation (Policies)

12 Months Ended

Jun. 30, 2014

Policies

Share-based Compensation

Share-Based Compensation

The Company follows the provisions of ASC 718, “Share-Based Payment” which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the income statement based on their fair values.  The Company uses the Black-Scholes pricing model for determining the fair value of stock based compensation. Equity instruments issued to non-employees for goods or services are accounted for at fair value and are marked to market until service is complete or a performance commitment date is reached, whichever is earlier.

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Balance Sheets (USD $)	Jun. 30, 2014	Jun. 30, 2013
ASSETS
Cash	$ 6,452	$ 3,340
Accounts receivable		5,218
Deposits		950
Advance of royalties	5,515
Prepaid expenses	6,910	17,100
Total Current Assets	18,877	26,608
PROPERTY AND EQUIPMENT, net	1,838	3,475
INTANGIBLE ASSETS, net	165,495	221,507
TOTAL ASSETS	186,210	251,590
Accounts payable and accrued expenses	90,279	68,392
Accrued expenses, related party		53,987
Convertible debt, net	23,550	122,500
Derivative liability	13,838
Due to shareholder		18,711
Total Current Liabilities	127,667	263,590
Notes payable		166,250
TOTAL LIABILITIES	127,667	429,840
Preferred stock; 10,000,000 shares authorized, at $0.001 par value, 2,000,000 and 0 issued and outstanding, respectively	2,000
Common stock; 500,000,000 shares authorized, at $0.001 par value, 138,309,752 and 75,401,892 shares issued and outstanding, respectively	138,309	75,401
Additional paid-in capital	13,021,687	12,154,717
Additional paid-in capital - options	6,686
Deferred compensation		(72,299)
Accumulated other comprehensive loss	10,854	11,754
Accumulated deficit	(13,120,993)	(12,347,823)
TOTAL STOCKHOLDERS' DEFICIT	58,543	(178,250)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 186,210	$ 251,590

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Note 1 - Description of Business, History and Summary of Significant Policies

12 Months Ended

Jun. 30, 2014

Notes

Note 1 - Description of Business, History and Summary of Significant Policies

NOTE 1 – DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT POLICIES

Description of Business

Myriad Interactive Media, Inc. (referred to as the “Company”) is involved in the e-business industry. It provides end-to-end, e-business solutions to businesses interested in doing e-tailing (selling of retail goods on the Internet).

History

The Company was incorporated in Nevada on April 23, 1990, as Investor Club of the United States. The name was changed to Noble Financing Group Inc. (in 1992), then to Newman Energy Technologies Incorporated (1998), then World Star Asia, Inc. (1998), Comgen Corp. (1998) and then to Planet411.com Corporation on February 11, 1999 to reflect its then current business objectives. Planet411.com Inc. was incorporated on July 13, 1999. Planet411.com Corporation was merged with and into Planet411.com Inc. (referred to as the “Company”) on October 6, 1999 for the sole purpose of changing the Company's jurisdiction of incorporation to Delaware. On July 18, 2007, the Company filed a Certificate of Merger with the Secretary of State of Delaware in order to effectuate a merger whereby the Company (as Planet411.com Inc.) would merge with its wholly-owned subsidiary, Ivany Mining Inc., as a parent/ subsidiary merger with the Company as the surviving corporation. This merger, which became effective as of July 18, 2007, was completed pursuant to Section Title 8, Section 251(c) of the Delaware General Corporation Law. Upon completion of this merger, the Company's name was changed to "Ivany Mining Inc." and the Company's Articles of Incorporation have been amended to reflect this name change. On February 16, 2010 the Company’s name was changed to Ivany Nguyen, Inc. On July 6, 2011 the Company’s name was changed to Myriad Interactive Media, Inc.

Basis of Presentation

The accompanying interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s Form 10-K filed with the SEC as of and for the year ended June 30, 2014. In the opinion of management, all adjustments necessary in order for the financial statements to be not misleading have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results expected for the full year. The Company has adopted a June 30 year end.

Foreign Currency Translation

The functional currency of the Company is the U.S. Dollar. Accordingly, assets and liabilities of the subsidiary are translated into U.S. dollars at period-end exchange rates. Revenues and expenses are translated at the average exchange rates in effect for the period. The resulting translation gains or losses are recorded as a component of accumulated other comprehensive income in the consolidated statement of stockholders’ equity. For the periods ended June 30, 2014 and 2013, the Company recognized a gain or (loss) on translation adjustment in the amount of ($900) and $11,754, respectively.

Comprehensive Loss

Total comprehensive loss represents the net change in stockholders' equity during a period from sources other than transactions with stockholders and as such, includes net loss. For the Company, the components of other comprehensive loss are the changes in the cumulative foreign currency translation adjustments.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

For purposes of financial statement presentation, the Company considers all highly liquid investments with a maturity of three months or less, from the date of purchase, to be cash equivalents.

Property and Equipment

Property and equipment is recorded at cost less accumulated depreciation. Depreciation and amortization is calculated using the straight-line method over the expected useful life of the asset, after the asset is placed in service.

Concentration of Risk

Financial instruments, which potentially subject us to concentrations of credit risk, consist principally of cash.  The Company’s cash balances are maintained in accounts held by major banks and financial institutions located in the United States.  The Company occasionally maintains amounts on deposit with a financial institution that are in excess of the federally insured limits. The risk is managed by maintaining all deposits in high quality financial institutions.

Fair Value for Financial Assets and Financial Liabilities

The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification (“ASC”) for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB ASC (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in U.S. GAAP, and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:

Level 1 - Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.

Level 2  - Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.

Level 3 - Pricing inputs that are generally observable inputs and not corroborated by market data.

The carrying amounts of the Company’s financial assets and liabilities, such as cash, advance of royalties, prepaid expenses and accounts payable approximate their fair values because of the short maturity of these instruments.

Revenue Recognition

Revenues from fixed price contracts and cost-plus-fee contracts are recognized as services are performed. Revenue is recognized at the time of sale if collection is reasonably assured. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required.

Advertising Costs

The Company expenses all costs of advertising as incurred.  There were $7,556 and $1,950 of advertising costs incurred during the years ended June 30, 2014 and 2013, respectively.

Share-Based Compensation

The Company follows the provisions of ASC 718, “Share-Based Payment” which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the income statement based on their fair values.  The Company uses the Black-Scholes pricing model for determining the fair value of stock based compensation. Equity instruments issued to non-employees for goods or services are accounted for at fair value and are marked to market until service is complete or a performance commitment date is reached, whichever is earlier.

Earnings (loss) per Share

Basic earnings (loss) per share exclude any dilutive effects of options, warrants and convertible securities. Basic earnings (loss) per share is computed using the weighted-average number of outstanding common stocks during the applicable period. Diluted earnings per share is computed using the weighted-average number of common and common stock equivalent shares outstanding during the period. Common stock equivalent shares are excluded from the computation if their effect is antidilutive.

Income Taxes

The Company provides for income taxes under ASC 740 which requires the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax bases of assets and liabilities and the tax rates in effect when these differences are expected to reverse. The Company’s predecessor operated as entity exempt from Federal and State income taxes.

ASC 740 also requires the reduction of deferred tax assets by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized.

 Intangible Assets

The Company classifies intangible assets into three categories: (1) intangible assets with definite lives subject to amortization, (2) intangible assets with indefinite lives not subject to amortization and (3) goodwill. The Company determines the useful lives of identifiable intangible assets after considering the specific facts and circumstances related to each intangible asset. Factors the Company considers when determining useful lives include the contractual term of any agreement related to the asset, the historical performance of the asset, the Company’s strategy for using the asset, any laws or other local regulations which could impact the useful life of the asset, and other economic factors, including competition and specific market conditions. Intangible assets that are deemed to have definite lives are amortized, on a straight-line basis, over their useful lives, which in the case of computer software is generally 4 years.

Accounts Receivable

The Company establishes provisions for losses on accounts receivable if it determines that it will not collect all or part of the outstanding balance. The Company regularly reviews collectability and establishes or adjusts the allowance as necessary using the specific identification method. At June 30, 2014 and June 30, 2013, no allowance for doubtful accounts was needed.

Reclassification

Certain balances in previously issued financial statements have been reclassified to be consistent with the current period presentation.

Recent Accounting Pronouncements

The Company has evaluated recent accounting pronouncements and their adoption has not had or is not expected to have a material impact on the Company’s financial position or statements of operations or cash flows.

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Note 1 - Description of Business, History and Summary of Significant Policies: Intangible Assets (Policies)

12 Months Ended

Jun. 30, 2014

Policies

Intangible Assets

 Intangible Assets

The Company classifies intangible assets into three categories: (1) intangible assets with definite lives subject to amortization, (2) intangible assets with indefinite lives not subject to amortization and (3) goodwill. The Company determines the useful lives of identifiable intangible assets after considering the specific facts and circumstances related to each intangible asset. Factors the Company considers when determining useful lives include the contractual term of any agreement related to the asset, the historical performance of the asset, the Company’s strategy for using the asset, any laws or other local regulations which could impact the useful life of the asset, and other economic factors, including competition and specific market conditions. Intangible assets that are deemed to have definite lives are amortized, on a straight-line basis, over their useful lives, which in the case of computer software is generally 4 years.

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Note 1 - Description of Business, History and Summary of Significant Policies: History (Policies)

12 Months Ended

Jun. 30, 2014

Policies

History

History

The Company was incorporated in Nevada on April 23, 1990, as Investor Club of the United States. The name was changed to Noble Financing Group Inc. (in 1992), then to Newman Energy Technologies Incorporated (1998), then World Star Asia, Inc. (1998), Comgen Corp. (1998) and then to Planet411.com Corporation on February 11, 1999 to reflect its then current business objectives. Planet411.com Inc. was incorporated on July 13, 1999. Planet411.com Corporation was merged with and into Planet411.com Inc. (referred to as the “Company”) on October 6, 1999 for the sole purpose of changing the Company's jurisdiction of incorporation to Delaware. On July 18, 2007, the Company filed a Certificate of Merger with the Secretary of State of Delaware in order to effectuate a merger whereby the Company (as Planet411.com Inc.) would merge with its wholly-owned subsidiary, Ivany Mining Inc., as a parent/ subsidiary merger with the Company as the surviving corporation. This merger, which became effective as of July 18, 2007, was completed pursuant to Section Title 8, Section 251(c) of the Delaware General Corporation Law. Upon completion of this merger, the Company's name was changed to "Ivany Mining Inc." and the Company's Articles of Incorporation have been amended to reflect this name change. On February 16, 2010 the Company’s name was changed to Ivany Nguyen, Inc. On July 6, 2011 the Company’s name was changed to Myriad Interactive Media, Inc.

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Note 1 - Description of Business, History and Summary of Significant Policies: Accounts Receivable (Policies)

12 Months Ended

Jun. 30, 2014

Policies

Accounts Receivable

Accounts Receivable

The Company establishes provisions for losses on accounts receivable if it determines that it will not collect all or part of the outstanding balance. The Company regularly reviews collectability and establishes or adjusts the allowance as necessary using the specific identification method. At June 30, 2014 and June 30, 2013, no allowance for doubtful accounts was needed.

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Note 1 - Description of Business, History and Summary of Significant Policies: Foreign Currency Translation (Policies)

12 Months Ended

Jun. 30, 2014

Policies

Foreign Currency Translation

Foreign Currency Translation

The functional currency of the Company is the U.S. Dollar. Accordingly, assets and liabilities of the subsidiary are translated into U.S. dollars at period-end exchange rates. Revenues and expenses are translated at the average exchange rates in effect for the period. The resulting translation gains or losses are recorded as a component of accumulated other comprehensive income in the consolidated statement of stockholders’ equity. For the periods ended June 30, 2014 and 2013, the Company recognized a gain or (loss) on translation adjustment in the amount of ($900) and $11,754, respectively.

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Note 2 - Going Concern

12 Months Ended

Jun. 30, 2014

Notes

Note 2 - Going Concern

NOTE 2 - GOING CONCERN

The Company's financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and has negative working capital. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

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Statements of Operations and Other Comprehensive Income (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
REVENUES
REVENUES	$ 89,793	$ 63,852
Professional fees	203,733	345,467
General and administrative	103,426	138,222
Stock-based compensation	121,767
Depreciation and amortization	69,295	54,190
Total Operating Expenses	498,221	537,879
INCOME (LOSS) FROM OPERATIONS	(408,428)	(474,027)
Gain on debt settlement	163,378
Loss on debt settlement	(101,586)	(20,644)
Impairment loss	(125,693)
Amortization of debt discount	(178,882)	(65,000)
Change in fair value of derivative liability	253,390
Derivative expense	(355,257)	(11,646)
Franchise tax expense	(700)
Interest expense	(19,392)	(4,485)
Total Other Income (Expense)	(364,742)	(101,775)
LOSS BEFORE PROVISION FOR INCOME TAX	(773,170)	(575,802)
Profit (loss)	(773,170)	(575,802)
Foreign currency translation adjustment	(900)	11,754
COMPREHENSIVE INCOME (LOSS)	$ (774,070)	$ (564,048)
INCOME (LOSS) PER SHARE, BASIC AND DILUTED	$ (0.01)	$ (0.01)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	113,598,321	59,055,098

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Note 12 - Commitments

12 Months Ended

Jun. 30, 2014

Notes

Note 12 - Commitments

NOTE 12 – COMMITMENTS

On June 7, 2013, the Company entered into a consulting agreement for twelve months of services for a total of $52,000. The agreement calls for the following: months one and two: $10,000 per month; months three and four: $4,000 per month; and months five through twelve: $3,000 per month.  The consultant terminated this agreement on July 7, 2013 and no remaining payments will be made.

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Document and Entity Information (USD $)	12 Months Ended
	Jun. 30, 2014
Document and Entity Information:
EntityRegistrantName	Myriad Interactive Media, Inc.
DocumentType	10-K
DocumentPeriodEndDate	Jun. 30, 2014
AmendmentFlag	false
EntityCentralIndexKey	0001096555
CurrentFiscalYearEndDate	--06-30
EntityCommonStockSharesOutstanding	142,309,752
EntityPublicFloat	$ 142,309,752
EntityFilerCategory	Smaller Reporting Company
EntityCurrentReportingStatus	No
EntityVoluntaryFilers	No
EntityWellKnownSeasonedIssuer	No
DocumentFiscalYearFocus	2014
DocumentFiscalPeriodFocus	FY

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Note 13 - Foreign Currency Translation

12 Months Ended

Jun. 30, 2014

Notes

Note 13 - Foreign Currency Translation

NOTE 13 – FOREIGN CURRENCY TRANSLATION

Due to the fact that the Company’s functional currency is the U.S. Dollar and its reporting currency is the U.S. dollar, the Company must recognize the effects of variations in foreign currency exchange rates as gains and losses as a component of other comprehensive income (loss), pursuant to ASC 830 “Foreign Currency Translation.” To calculate this other comprehensive income and loss, the Company utilizes the “current method,” whereby assets and liabilities carried in Canadian dollars are translated into U.S. dollars at the exchange rate at the balance sheet date.

During the year ended June 30, 2014, the Company recognized other comprehensive losses of $900.

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Statements of Stockholders' Equity (USD $)	Preferred Stock	Common stock	Additional Paid In Capital	Deferred Compensation	Other Comprehensive Income (Loss)	Accumulated Deficit	Total
Stockholders' Equity, beginning balance at Jul. 12, 1999
NET LOSS						$ (10,413,874)	$ (10,413,874)
Stockholders' Equity, ending balance at Jun. 30, 2012		50,518	11,821,820			(11,772,021)	100,317
Balance common shares, ending balance at Jun. 30, 2012		50,518,470					50,518,470
Common stock issued for cash, value		1,625	30,875				32,500
Common stock issued for cash, shares		1,625,000					1,625,000
Common stock issued for services, value		7,000	33,427	(72,299)			(31,872)
Common stock issued for services, shares		7,000,000					7,000,000
Common stock issued for conversion of debt, value		9,605	57,955				67,600
Common stock issued for conversion of debt, shares		9,605,302					9,605,302
Common stock issued for settlement of note payable, value		1,653	31,409				33,062
NET LOSS					11,754	(575,802)	(564,048)
Common stock issued for settlement of note payable, shares		1,653,120					1,653,120
Common stock for intangible asset purchase, value		5,000	70,000				75,000
Common stock for intangible asset purchase, shares		5,000,000					5,000,000
Value of options granted			32,545				32,545
Beneficial conversion feature of convertible debt			76,646
Stockholders' Equity, ending balance at Jun. 30, 2013		75,401	12,154,717	(72,299)	11,754	(12,347,823)	(178,250)
Balance common shares, ending balance at Jun. 30, 2013		75,401,892					75,401,892
Common stock issued for cash, value		5,613	70,450				76,063
Common stock issued for cash, shares		5,612,600					5,612,600
Common stock issued for services, value		2,500	89,626				85,546
Common stock issued for services, shares		2,500,000					2,500,000
Common stock issued for conversion of debt, value		44,328	355,799				400,127
Common stock issued for conversion of debt, shares		44,328,883					39,216,483
NET LOSS					(900)	(773,170)	(774,070)
Common stock for intangible asset purchase, value		8,000	53,100				61,100
Common stock for intangible asset purchase, shares		8,000,000					8,000,000
Beneficial conversion feature of convertible debt			270,863				270,863
Issuance of stock options for services			34,552				34,552
Amortization of deferred compensation				72,299			72,299
Contributed Capital at Jun. 30, 2014			1,733				1,733
Preferred stock issued for services, value at Jun. 30, 2014	2,000						2,000
Stockholders' Equity, ending balance at Jun. 30, 2014	$ 2,000	$ 138,309	$ 13,021,687		$ 10,854	$ (13,120,993)	$ 58,543
Balance preferred shares, ending balance at Jun. 30, 2014	2,000,000						2,000,000
Preferred stock issued for services, shares at Jun. 30, 2014	2,000,000						2,000,000
Balance common shares, ending balance at Jun. 30, 2014		138,309,752					138,309,752

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Note 7 - Convertible Notes Payable

12 Months Ended

Jun. 30, 2014

Notes

Note 7 - Convertible Notes Payable

NOTE 7 – CONVERTIBLE NOTES PAYABLE

As of June 30, 2014 and 2013, respectively, the Company had an outstanding balance, net of the debt discount of $23,550 and $122,500. As of June 30, 2014 and 2013, the total outstanding accrued interest on the convertible notes payable was $138 and $1,885, respectively.

On July 31, 2012, the Company issued a convertible promissory note in the amount of $42,500.  The note was due on May 2, 2013 and bore interest at 8% per annum. The loan became convertible 180 days after the date of the note. The loan and any accrued interest could then be converted into shares of the Company’s common stock at a rate of 55% multiplied by the average of the lowest three (3) trading prices for the common stock during the ten (10) trading day period ending on the latest complete trading day prior to the conversion date. During the year ended June 30, 2013, the Company converted $42,500 of debt and $1,700 of accrued interest into 5,658,636 shares of common stock fully extinguishing the debt.

On October 23, 2012, the Company issued a convertible promissory note in the amount of $22,500.  The note was due on July 25, 2013 and bore interest at 8% per annum. The loan became convertible 180 days after the date of the note. The loan and any accrued interest could then be converted into shares of the Company’s common stock at a rate of 55% multiplied by the average of the lowest three (3) trading prices for the common stock during the ten (10) trading day period ending on the latest complete trading day prior to the conversion date. During the year ended June 30, 2013, the Company converted $22,500 of debt and $900 of accrued interest into 3,946,666 shares of common stock fully extinguishing the debt.

On February 4, 2013, the Company issued a convertible promissory note in the amount of $37,500.  The note was due on November 6, 2013 and bore interest at 8% per annum. The loan became convertible 180 days after the date of the note. The loan and any accrued interest could then be converted into shares of the Company’s common stock at a rate of 55% multiplied by the average of the lowest three (3) trading prices for the common stock during the ten (10) trading day period ending on the latest complete trading day prior to the conversion date. During the year ended June 30, 2014, the Company converted $37,500 of debt and $1,500 of accrued interest into 6,823,460 shares of common stock fully extinguishing the debt.

On March 19, 2013, the Company issued a convertible promissory note in the amount of $47,500.  The note was due on December 26, 2013 and bore interest at 8% per annum. The loan became convertible 180 days after the date of the note. The loan and any accrued interest could then be converted into shares of the Company’s common stock at a rate of 55% multiplied by the average of the lowest three (3) trading prices for the common stock during the ten (10) trading day period ending on the latest complete trading day prior to the conversion date. During the year ended June 30, 2014, the Company converted $47,500 in debt and $1,900 in accrued interest into 17,950,000 shares of common stock fully extinguishing the debt.

On June 17, 2013, the Company issued a convertible promissory note in the amount of $37,500. The note is due on March 19, 2014 and bears interest at 8% per annum. The loan became convertible 180 days after the date of the note. The loan and any accrued interest can then be converted into shares of the Company’s common stock at a rate of 55% multiplied by the average of the lowest three (3) trading prices for the common stock during the ten (10) trading day period ending on the latest complete trading day prior to the conversion date. During the year ended June 30, 2014, the Company converted $37,500 in debt and $1,500 in accrued interest into 11,414,577 shares of common stock fully extinguishing the debt.

On August 12, 2013, the Company issued a convertible promissory note in the amount of $32,500. The note is due on May 12, 2014 and bears interest at 8% per annum. The loan becomes convertible 180 days after date of the note. The loan and any accrued interest can then be converted into shares of the Company’s common stock at a rate of 55% multiplied the average of the lowest three (3) trading prices for the common stock during the ten (10) trading day period ending on the latest complete trading day prior to the conversion date. During the year ended June 30, 2014, the Company paid the debt and all related accrued and penalty interest in cash for a total of $46,637.

On January 13, 2014, the Company issued a convertible promissory note in the amount of $55,000. The note is due on July 13, 2014 and bears interest at 1% per annum. The loan becomes convertible immediately after the issuance date of the note. The loan and any accrued interest can then be converted into shares of the Company’s common stock at a rate of 65% within 30 days of the note date; 70% within 60 days of the note date; 75% within 180 days of the note date, or 80% thereafter, multiplied by the average of the lowest three (3) trading prices for the common stock during the ten (10) trading day period ending on the latest complete trading day prior to the conversion date. During the year ended June 30, 2014, the Company converted $27,500 of the balance into 2,208,126 shares of common stock leaving a balance at June 30, 2014 of $27,500. This note also has accrued interest of $138 as of June 30, 2014.

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Note 6 - Intangible Assets

12 Months Ended

Jun. 30, 2014

Notes

Note 6 - Intangible Assets

NOTE 6 – INTANGIBLE ASSETS

The Company has capitalized internally developed computer software costs and costs to acquire computer software from a third party as intangible assets related to the Mingle software. The agreement, mentioned in Note 8, calls for a promissory note in the amount of CAD $175,000 and stock in the amount of $75,000. The total value of the purchased asset was valued as of the date of purchase at $252,951. The Company also incurred additional internally developed computer software costs of $38,796.  As of June 30, 2014, the Company determined that this asset was impaired by $122,371 which was the adjusted net value of the promissory note that was forgiven due to not meeting the sales goal. See Note 9. The total net book value of this asset is $53,229 as of June 30, 2014. The Company has determined a 4 year useful life for this computer software.

During the year ending June 30, 2014, the Company has capitalized internally developed computer software costs and costs to acquire computer software from a third party as intangible assets related to the Mymobipoints software.  The Company issued 7,500,000 shares of common stock on July 23, 2014 which were valued at $48,750. The Company also incurred additional internally developed computer software costs of $34,328. The total net book value of this asset is $64,721 as of June 30, 2014. The Company has determined a 4 year useful life for this computer software.

During the year ending June 30, 2014, the Company has capitalized costs of 100% internally developed software applications: BTCTickers, CryptoCafe, ProjectV.  The Company incurred costs of $1,026, $19,471, and $18,092, respectively. The Company has determined a 4 year useful life for BTCTickers and CryptoCafe, however, the ProjectV software is not operable at this time and is not being amortized yet. The net book value for BTCTickers and CryptoCafe is $898 and $16,855, respectively, as of June 30, 2014. In addition, the Company acquired the software related to the Gravity 4 application by issuing 500,000 shares of common stock valued at $12,350.

The Company’s intangible assets are comprised of the following on June 30:

	2014	2013
Computer software - Mingle	$         96,541	$         274,491
Computer software - Mymobipoints	83,078	-
Computer software – BTCTickers	1,026	-
Computer software – CryptoCafe	19,471	-
Computer software – Project V	18,092	-
Computer software – Gravity 4	12,350	-
Accumulated amortization	(65,063)	(52,984)
Intangible assets, net	$         165,495	$         221,507

Total amortization expense for the years ended June 30, 2014 and 2013 were $67,658 and $52,984, respectively.

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Note 1 - Description of Business, History and Summary of Significant Policies: Basis of Presentation (Policies)

12 Months Ended

Jun. 30, 2014

Policies

Basis of Presentation

Basis of Presentation

The accompanying interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s Form 10-K filed with the SEC as of and for the year ended June 30, 2014. In the opinion of management, all adjustments necessary in order for the financial statements to be not misleading have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results expected for the full year. The Company has adopted a June 30 year end.

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Note 14 - Income Taxes

12 Months Ended

Jun. 30, 2014

Notes

Note 14 - Income Taxes

NOTE 14 – INCOME TAXES

For the year ended June 30, 2014, the Company has incurred a net loss of approximately $773,170 and, therefore, has no tax liability.  The net deferred tax asset generated by the loss carry-forward has been fully reserved.  The cumulative net operating loss carry-forward is approximately $13,120,993 at June 30, 2014, and will expire beginning in the year 2028.

The provision for Federal income tax consists of the following for the years ended June 30, 2014 and 2013:

	2014	2013
Federal income tax benefit attributable to:
Current operations	$         262,878	$         195,773
Less: valuation allowance	(262,878)	(195,773)
Net provision for Federal income taxes	$                  0	$                  0

The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows as of June 30, 2014 and 2013:

	June 30, 2014	June 30, 2013
Deferred tax asset attributable to:
Net operating loss carryover	$      4,461,138	$      4,198,260
Valuation allowance	(4,461,138)	(4,198,260)
Net deferred tax asset	$                  0	$                  0

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $13,120,993 for Federal income tax reporting purposes are subject to annual limitations.  Should a change in ownership occur, net operating loss carry forwards may be limited as to use in future years.

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Note 10 - Capital Stock Transactions

12 Months Ended

Jun. 30, 2014

Notes

Note 10 - Capital Stock Transactions

NOTE 10 – CAPITAL STOCK TRANSACTIONS

Preferred A stock

The authorized preferred A stock is 10,000,000 shares with a par value of $0.001. As of June 30, 2014 and June 30, 2013, the Company has 2,000,000 and 0 shares of preferred stock issued or outstanding, respectively.

During the year ended June 30, 2014, the Company issued 2,000,000 shares of preferred stock to an officer. See Note 4.

Common stock

The authorized common stock is 500,000,000 shares with a par value of $0.001. As of June 30, 2014 and 2013, 138,309,752 and 75,401,892 shares were issued and outstanding, respectively.

During the year ended June 30, 2013, the Company issued 1,625,000 shares of common stock for cash proceeds of $32,500.

During the year ended June 30, 2013, the Company issued 7,000,000 shares of common stock for services valued at $110,750. The Company recorded $72,299 to deferred compensation and is amortizing that amount over the term of the service contracts.

During the year ended June 30, 2013 the company issued 9,605,302 shares of common stock for conversion of $65,000, of debt and $2,600 of accrued interest.

Additionally, the Company converted a shareholder loan to common stock during the year ended June 30, 2013.  The loan of $12,418 was converted into 1,653,120 common shares.  The stock was issued at a price below market value so a loss on the conversion of $20,644 was recorded.

During the year ended June 30, 2013, the Company issued 5,000,000 shares of common stock valued at $75,000 for the purchase of intangible assets.

On October 7, 2013, the Company’s Board of Directors received the written consent of stockholders in lieu of a special meeting, dated August 23, 2013 to amend the Company’s Articles of Incorporation to increase the number of

authorized shares of the common stock from two hundred million (200,000,000) shares to five hundred million (500,000,000) shares.

During the year ended June 30, 2014, the Company issued 39,216,483 shares of common stock for conversion of $170,507 of debt and $4,900 of accrued interest, incurring a loss on the beneficial conversion of $265,529 for fully converted debt and of $5,334 for partially converted debt.

On January 16, 2014, the Company issued 1,000,000 shares of common stock valued at $50,000 to be used against an accounts payable for professional fees. During the year ended June 30, 2014, a loss on settlement of debt was recognized in the amount of $30,193 due to the stock being sold for less than the value on the date of agreement.

On January 28, 2014, the Company issued 250,000 shares of common stock valued at $12,500 to be used against an accounts payable for professional fees. During the year ended June 30, 2014, a loss on settlement of debt was recognized in the amount of $5,732 due to the stock being sold for less than the value on the date of agreement.

On February 21, 2014, the Company issued 3,862,400 shares of common stock valued at $162,220 to an officer for payment towards accounts payable of $96,560. See Note 4.

On August 22, 2013 and January 13, 2014, the Company issued 777,778 and 1,729,730 shares of common stock in a cashless exchange of 3,000,000 options. See Note 4 and Note 11 for the January 13, 2014 and August 22, 2013 issuance details, respectively.

On September 25, 2013, the Company cancelled and retired 41,131 shares of common stock when it found that those shares had been issued in duplicate and therefore in error.

During the year ended June 30, 2014, the Company issued the following: 5,612,600 shares of common stock for cash of $76,063; 8,000,000 shares of common stock for $61,100 worth of intangible assets; and 2,500,000 shares of common stock for $81,126 worth of services. See Note 6 for intangible assets additions.

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Note 8- Derivative Liability

12 Months Ended

Jun. 30, 2014

Notes

Note 8- Derivative Liability

NOTE 8– DERIVATIVE LIABILITY

In accordance with AC 815, the Company has bifurcated the conversion feature of their convertible notes and recorded a derivative liability on the date each note became convertible.  The derivative liability was then revalued on each reporting date.

On February 4, 2013, March 19, 2013, June 17, 2013 and August 12, 2013, the Company issued convertible promissory notes in the amounts of $37,500, $47,500, $37,500 and $32,500 respectively.  The loans become convertible 180 days after the date of the note into shares of the Company’s common stock at a rate of 55% multiplied by the average of the lowest three (3) trading prices for the common stock during the ten (10) trading day period ending on the latest complete trading day prior to the conversion date.

On January 13, 2014, the Company issued a convertible promissory note in the amount of $55,000.  The loan becomes convertible immediately upon signing into shares of the Company’s common stock at a stock at a rate of 65% within 30 days of the note date; 70% within 60 days of the note date; 75% within 180 days of the note date, or 80% thereafter, multiplied by the average of the lowest three (3) trading prices for the common stock during the ten (10) trading day period ending on the latest complete trading day prior to the conversion date.

The Company uses the Black-Scholes option pricing model to value the derivative liability.  Included in the model to value the derivative liabilities of the above loans are the following assumptions: stock price at valuation date of $0.0056 - $0.0222, exercise price of $0.0024 - $0.0214, dividend yield of zero, years to maturity of 0.0135 - 0.5, a risk free rate of 0.10% - 0.13%, and annualized volatility of 345% - 3550%. The above loans were all discounted in full based on the valuations and the Company recognized an additional derivative expense of $355,257 upon recording of the derivative liabilities.  The February 4, 2013, March 19, 2013, and June 17, 2013 notes were fully converted and the entire debt discount was amortized as of June 30, 2014.   The August 12, 2013 note was fully paid in cash and the entire debt discount was fully amortized as of June 30, 2014.  Once the loans are fully converted, the remaining derivative liability is reclassified to equity as additional paid-in capital. As of June 30, 2013, unamortized debt discount totaling $3,950 remained.

ASC 815 requires Company management to assess the fair market value of certain derivatives at each reporting period and recognize any change in the fair market value as another income or expense item.  The Company’s only asset or liability measured at fair value on a recurring basis is its derivative liability associated with the above convertible debt.  During the year ended June 30, 2013, the Company recorded a total change in the value of the derivative liabilities of ($253,390).

At June 30, 2014, the Company revalued the remaining convertible note balance of $27,500 and has recorded a derivative liability of $13,838.

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Note 9 - Note Payable

12 Months Ended

Jun. 30, 2014

Notes

Note 9 - Note Payable

NOTE 9 – NOTE PAYABLE

On September 19, 2012, the Company entered into a note payable agreement with one of its vendors as part of a purchase agreement to acquire all rights to a social media software application from the vendor with an effective date of October 1, 2012. The promissory note in the amount of CAD $175,000 bears no interest and is due on October 1, 2014. The Company’s obligation to repay the note in full is conditional upon the Company generating a minimum of $500,000 in sales of the social media software application on or before the due date of October 1, 2014. If the Company does not generate the minimum required sales, the note shall be re-paid on a pro rata basis provided a minimum of $250,000 in sales is generated on or before the due date. The denomination specified in the agreement is CAD, therefore, the Company will translate the CAD into its base currency of USD each period and will record any changes to other comprehensive income.

During the year ended June 30, 2014, the Company received forgiveness of the entire note payable of $169,715, which is recognized in the income statement as a part of the Gain on Debt Settlement.  As of June 30, 2014 and June 30, 2013, the outstanding note payable balance was $0 and $166,250, respectively.

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Note 11 - Stock Options and Warrants

12 Months Ended

Jun. 30, 2014

Notes

Note 11 - Stock Options and Warrants

NOTE 11 – STOCK OPTIONS AND WARRANTS

The estimated value of the compensatory common stock purchase warrants granted to non-employees in exchange for services and financing expenses is determined using the Black-Scholes evaluation model.

During the year ended June 30, 2013, the Company issued 3,000,000 options for services performed by consultants. These options have a one year life and an exercise price of $0.10 and were valued at a total of $32,545. The Company calculated a relative fair value for these options based on a volatility of 238%, a risk-free interest rate of .17% and a stock price on the date of issuance of $0.02. 

On August 14, 2013, the Company granted stock options for 1,000,000 shares of common stock to a consultant for professional fees.  The Company calculated a relative fair value for these options of $14,494, based on a volatility of 279%, a risk-free interest rate of .36% and a stock price on the date of issuance of $0.0149.  These options had an expiration date of August 14, 2015, however, they were fully exercised on August 22, 2013.

On July 24, 2013, the Company issued 3,000,000 stock options to an officer which expire in two years. See Note 4.

Changes in stock options as of June 30, 2014 are as follows:

	Number of Options	Weighted Average Exercise Price	Value if Exercised
Outstanding, June 30, 2012	1,000,000	$                         0.20	$         200,000
Granted	3,000,000	0.10	300,000
Exercised	-	-	-
Cancelled	-	-	-
Expired	(1,000,000)	-	(200,000)
Outstanding, June 30, 2013	3,000,000	-	300,000
Granted	4,000,000	0.005	20,000
Exercised	(3,000,000)	0.005	(15,000)
Cancelled	(3,000,000)	-	(300,000)
Expired	-	-	-
Outstanding, June 30, 2014	1,000,000	$                       0.005	$             5,000

Changes in stock purchase warrants as of June 30, 2014 are as follows:

	Number of Warrants	Weighted Average Exercise Price	Value if Exercised
Outstanding, June 30, 2012	24,475,744	$                         0.11	$      2,620,381
Granted	-	-	-
Exercised	-	-	-
Cancelled	-	-	-
Expired	(24,475,744)	-	(2,620,381)
Outstanding, June 30, 2013	-	-	-
Granted	-	-	-
Exercised	-	-	-
Cancelled	-	-	-
Expired	-	-	-
Outstanding, June 30, 2014	-	$                               -	$                     -

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Note 1 - Description of Business, History and Summary of Significant Policies: Income Taxes (Policies)

12 Months Ended

Jun. 30, 2014

Policies

Income Taxes

Income Taxes

The Company provides for income taxes under ASC 740 which requires the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax bases of assets and liabilities and the tax rates in effect when these differences are expected to reverse. The Company’s predecessor operated as entity exempt from Federal and State income taxes.

ASC 740 also requires the reduction of deferred tax assets by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized.

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Note 1 - Description of Business, History and Summary of Significant Policies: Description of Business (Policies)

12 Months Ended

Jun. 30, 2014

Policies

Description of Business

Description of Business

Myriad Interactive Media, Inc. (referred to as the “Company”) is involved in the e-business industry. It provides end-to-end, e-business solutions to businesses interested in doing e-tailing (selling of retail goods on the Internet).

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Note 1 - Description of Business, History and Summary of Significant Policies: Use of Estimates (Policies)

12 Months Ended

Jun. 30, 2014

Policies

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

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Statements of Cash Flows (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (loss)	$ (774,070)	$ (575,802)
Value of options granted		32,545
Stock issued for advisory services	94,126
Issuance of stock options for services	34,552	38,451
Common stock issued to pay interest	6,908
Bad debt expense	11,500
Increase (decrease) in depreciation and amortization	69,295	54,190
Amortization of deferred compensation	72,299
Increase (decrease) in amortization of debt discount	178,882	65,000
Increase (decrease) in derivative expense	355,257	11,646
Increase (decrease) in change in fair value of derivative liability	(253,390)
Loss on impairment of assets	125,693
Increase (decrease) on gain on debt settlement	(163,378)
Increase (decrease) on loss on debt settlement	101,586	20,644
(Increase) decrease in accounts receivable	5,218	(5,218)
(Increase) decrease in prepaid expenses	10,190	122,791
(Increase) decrease in advance of royalties	(5,515)
(Increase) decrease in deposits	950	(950)
Increase (decrease) in accounts payable and accrued expenses	135,219	(33,742)
Increase (decrease) in accrued expense, related party	(53,987)	53,987
Increase (decrease) in derivative liability	13,838
Increase (decrease) in debt discount	(395000.00%)
Net Cash Used in Operating Activities	(38,777)	(216,458)
Purchase of intangible assets	(76,240)	(21,540)
Purchase of property and equipment		(2,000)
Net Cash Used in Investing Activities	(76,240)	(23,540)
Proceeds from contributed capital	1,733
Proceeds from common stock	76,063	32,500
Repayment of notes payable	(55,234)	(25,124)
Proceeds from notes payable	8,900	31,129
Proceeds from convertible debt	87,500	187,500
Net Cash Provided by Financing Activities	117,229	226,005
Exchange rate effect on cash	900	11,754
NET INCREASE (DECREASE) IN CASH	3,112	(2,239)
CASH AT BEGINNING OF YEAR	3,340	5,579
CASH AT END OF PERIOD	6,452	3,340
Interest	12,891
Common stock issued for conversion of debt and interest	175,407	100,662
Common stock issued for purchase of intangible asset	61,100	75,000
Common stock issued as deferred compensation		72,999
Common stock issued to pay accounts payable	113,332
Promissory note issued for intangible asset		177,951
Beneficial conversion feature recorded in connection with convertible debt	$ 265,529	$ 76,646

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Note 5 - Property and Equipment

12 Months Ended

Jun. 30, 2014

Notes

Note 5 - Property and Equipment

NOTE 5 – PROPERTY AND EQUIPMENT

The Company’s property and equipment are comprised of the following on June 30:

	2014	2013
Computer equipment	$             4,910	$             4,910
Accumulated depreciation	(3,072)	(1,435)
Property and equipment, net	$             1,838	$             3,475

Depreciation expense for the years ended June 30, 2014 and 2013 was $1,637 and $1,124, respectively.

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Note 1 - Description of Business, History and Summary of Significant Policies: Cash and Cash Equivalents (Policies)

12 Months Ended

Jun. 30, 2014

Policies

Cash and Cash Equivalents

Cash and Cash Equivalents

For purposes of financial statement presentation, the Company considers all highly liquid investments with a maturity of three months or less, from the date of purchase, to be cash equivalents.

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Note 1 - Description of Business, History and Summary of Significant Policies: Recent Accounting Pronouncements (Policies)

12 Months Ended

Jun. 30, 2014

Policies

Recent Accounting Pronouncements

Recent Accounting Pronouncements

The Company has evaluated recent accounting pronouncements and their adoption has not had or is not expected to have a material impact on the Company’s financial position or statements of operations or cash flows.

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Note 15 - Subsequent Events

12 Months Ended

Jun. 30, 2014

Notes

Note 15 - Subsequent Events

NOTE 15 – SUBSEQUENT EVENTS

As of July 14, 2014, the Company is in default on a convertible note. On January 13, 2014, the Company issued a convertible promissory note in the amount of $55,000. The note is due on July 13, 2014 and bears interest at 1% per annum. The loan becomes convertible immediately after the issuance date of the note. The loan and any accrued interest can then be converted into shares of the Company’s common stock at a rate of 65% within 30 days of the note date; 70% within 60 days of the note date; 75% within 180 days of the note date, or 80% thereafter, multiplied by the average of the lowest three (3) trading prices for the common stock during the ten (10) trading day period ending on the latest complete trading day prior to the conversion date. During the year ended June 30, 2014, the Company converted $27,500 of the balance into 2,208,126 shares of common stock.  The maker of the note has made no attempts to collect or convert the remaining balance of this note which is $27,500.

On August 18, 2014, the Company issued 2,000,000 shares of common stock to pay off outstanding debt and for future services valued at $20,000 from a service provider.

On August 18, 2014, the Company issued 2,000,000 shares of common stock for future services valued at $20,000 from a service provider.

In accordance with ASC 855-10, the Company has analyzed its operations subsequent to June 30, 2014 through the date these financial statements were issued and has determined that it does not have any material subsequent events to disclose in these financial statements other than the events described above.