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(the &#147;Company&#148;, &#147;we&#148;, &#147;us&#148; and &#147;our&#148;) is filing this Amendment No.1 on Form 10-Q/A (the &#147;Amended Report&#148;) to the Quarterly Report on Form 10-Q of Multimedia Platforms, Inc. for the quarterly period ended June 30, 2015 (the &#147;Original Report&#148;), originally filed with the Securities and Exchange Commission (the &#147;SEC&#148;) on August 14, 2015. The purpose of the Amended Report is to correct certain errors related to the method of accounting of the Company&#146;s convertible notes and detachable warrants contained in the financial statements and related disclosures contained in the Original Report, as described in Note 1 &#150; Restatement. 9966174 9966174 4200004 5766170 7622749 3239932 4382817 2343425 960072 1383353 Related to our financing of up to $2.5 million from the issuance of 9% convertible promissory notes and detachable warrants to various parties as described below under "Financing of up to $2.5 million". Non-interest bearing advances by related parties used to cover operations and overhead costs not covered by advertising revenues. Pre Merger debt as of December 31, 2014 that was settled in connection with the Merger by the issuance of 4 million shares of Series B Preferred stock. The fair value of the 2,160,000 ordinary shares issued as part of the consideration paid for FUNMAP was determined on the basis of our stock price.