CAPITAL STOCK

6 Months Ended

Jun. 30, 2016

Stockholders' Equity Note [Abstract]

CAPITAL STOCK

NOTE 4 - CAPITAL STOCK

Common Stock - The Company has authorized 200,000,000 shares of common stock, $0.001 par value.  As of June 30, 2016, 1,000 shares were issued and outstanding.  As of June 30, 2016, the Company is a wholly owned subsidiary of FAB Universal Corp.

Reverse spin-off – On September 29, 2015, the Board of Directors of FAB resolved to spin-off the operations of Subsidiary, wherein FAB ownership of the Subsidiary was transferred to Libsyn and FAB’s Board of Directors declared a stock dividend of 1 share of common stock of Libsyn to each common shareholder of FAB that is payable on August 1, 2016 to each of FAB’s shareholders of record on July 20, 2016.  The dividend effectively spun-off the operations of Libsyn and Subsidiary to the shareholders of FAB accounting for the transaction as a reverse spin-off.