10-Q Filing

DIGITAL BRAND MEDIA & MARKETING GROUP, INC. CIK: 1127475 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001127475-13-000006`
Period End Date	20121130
Filing Date	20130117
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	rtgv-20121130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 32 Cash Flow Statement 40 Stockholders Equity 67

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.29K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.63K	USD	Point-in-time
Common Stock, par value	`CommonStockValue`	$0.00	USD	Point-in-time
Common Stock, par value	`CommonStockValue`	$0.00	USD	Point-in-time
Cash	`Cash`	$78.13K	USD	Point-in-time
Cash	`Cash`	$63.54K	USD	Point-in-time
Common Stock, authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common Stock, authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Common Stock, issued	`CommonStockSharesIssued`	750.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$61.12K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$61.44K	USD	Point-in-time
Common Stock, issued	`CommonStockSharesIssued`	750.00M	shares	Point-in-time
Common Stock, outstanding	`CommonStockSharesOutstanding`	750.00M	shares	Point-in-time
Common Stock, outstanding	`CommonStockSharesOutstanding`	750.00M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$139.57K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$124.66K	USD	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$4.29K	USD	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$3.63K	USD	Point-in-time
Preferred Stock, authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Preferred Stock, authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$143.86K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$128.30K	USD	Point-in-time
Preferred 1 Stock, designated	`PreferredStockAdditionalSeriesSharesAuthorized`	2.00M	shares	Point-in-time
Preferred 1 Stock, designated	`PreferredStockAdditionalSeriesSharesAuthorized`	2.00M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilities`	$319.28K	USD	Point-in-time
Preferred 1 Stock, issued	`PreferredStockAdditionalSeriesSharesIssued`	955,888.00	shares	Point-in-time
Preferred 1 Stock, issued	`PreferredStockAdditionalSeriesSharesIssued`	1.43M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilities`	$294.14K	USD	Point-in-time
Preferred 1 Stock, outstanding	`PreferredStockAdditionalSeriesSharesOutstanding`	1.43M	shares	Point-in-time
Accrued salaries	`AccruedSalaries`	$716.48K	USD	Point-in-time
Accrued salaries	`AccruedSalaries`	$752.29K	USD	Point-in-time
Preferred 1 Stock, outstanding	`PreferredStockAdditionalSeriesSharesOutstanding`	955,888.00	shares	Point-in-time
Loan payable	`LoansPayable`	$314.00K	USD	Point-in-time
Loan payable	`LoansPayable`	$269.50K	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	$120.71K	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	$112.83K	USD	Point-in-time
Convertible debentures	`ConvertibleDebtCurrent`	$250.64K	USD	Point-in-time
Convertible debentures	`ConvertibleDebtCurrent`	$307.76K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$1.81M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$1.64M	USD	Point-in-time
Preferred Stock, Series 1	`PreferredStockValue`	$1.43K	USD	Point-in-time
Preferred Stock, Series 1	`PreferredStockValue`	$955.00	USD	Point-in-time
Preferred Stock, Series 2	`PreferredStockAdditionalSeriesValue`	$2.00K	USD	Point-in-time
Preferred Stock, Series 2	`PreferredStockAdditionalSeriesValue`	$2.00K	USD	Point-in-time
Common Stock	`CommonStockValueOutstanding`	$750.00K	USD	Point-in-time
Common Stock	`CommonStockValueOutstanding`	$750.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.96M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.99M	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossBeforeTax`	$-3.44K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossBeforeTax`	$-3.01K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.21M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.42M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-1.50M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-1.69M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$128.30K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$143.86K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
SALES	`SalesRevenueNet`	$137.49K	USD	1 Quarter
SALES	`SalesRevenueNet`	$83.16K	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$70.28K	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$96.75K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$67.21K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$-13.60K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$61.48K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$64.09K	USD	1 Quarter
Payroll	`SalariesAndWages`	$77.00K	USD	1 Quarter
Payroll	`SalariesAndWages`	$78.60K	USD	1 Quarter
Legal and professional fees	`LegalFees`	$69.77K	USD	1 Quarter
Legal and professional fees	`LegalFees`	$95.74K	USD	1 Quarter
Amortization and depreciation	`DepreciationAndAmortization`	$57.82K	USD	1 Quarter
Amortization and depreciation	`DepreciationAndAmortization`	$83.58K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$291.83K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$296.25K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-305.43K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-229.04K	USD	1 Quarter
INTEREST EXPENSE	`InterestExpenseDebtExcludingAmortization`	$-14.58K	USD	1 Quarter
INTEREST EXPENSE	`InterestExpenseDebtExcludingAmortization`	$-17.95K	USD	1 Quarter
GAIN (LOSS) ON FOREIGN CURRENCY TRANSLATION	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$658.00	USD	1 Quarter
CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITY	`OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTax`	$-2.88K	USD	1 Quarter
CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITY	`OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTax`	$-71.55K	USD	1 Quarter
OTHER INTEREST - MODIFICATION EXPENSE	`InterestExpenseOther`	$-43.51K	USD	1 Quarter
NET LOSS	`ProfitLoss`	$-216.72K	USD	1 Quarter
NET LOSS	`ProfitLoss`	$-434.41K	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$429.00	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-948.00	USD	1 Quarter
COMPREHENSIVE LOSS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-216.29K	USD	1 Quarter
COMPREHENSIVE LOSS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-435.36K	USD	1 Quarter
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	207.70M	shares	1 Quarter
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	750.00M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-216.72K	USD	1 Quarter
Net loss	`ProfitLoss`	$-434.41K	USD	1 Quarter
Fair value of shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$58.50K	USD	1 Quarter
Fair value of shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	1 Quarter
Fair value of preferred shares issued for bonus	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$27.60K	USD	1 Quarter
Fair value of preferred shares issued for bonus	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	-	USD	1 Quarter
Fair value of shares issued for interest	`StockIssuedDuringPeriodValueOther`	-	USD	1 Quarter
Fair value of shares issued for interest	`StockIssuedDuringPeriodValueOther`	-	USD	1 Quarter
Depreciation	`Depreciation`	$392.00	USD	1 Quarter
Depreciation	`Depreciation`	$759.00	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$57.12K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$83.09K	USD	1 Quarter
Gain (loss) on settlement of debt	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	$-33.15K	USD	1 Quarter
Bad debt expense	`AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease`	$1.79K	USD	1 Quarter
Interest related to modification of conversion price of debt	`DebtInstrumentIncreaseAccruedInterest`	$43.51K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-12.96K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$328.00	USD	1 Quarter
Accrued salaries	`IncreaseDecreaseInAccruedSalaries`	$35.81K	USD	1 Quarter
Accrued salaries	`IncreaseDecreaseInAccruedSalaries`	$64.03K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$25.90K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$60.78K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-64.60K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-98.61K	USD	1 Quarter
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$5.00K	USD	1 Quarter
Proceeds from loans payable	`ProceedsFromLoans`	$44.50K	USD	1 Quarter
Capital contribution by officer	`AdjustmentsToAdditionalPaidInCapitalOther`	$50.00K	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$49.50K	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$50.00K	USD	1 Quarter
NET INCREASE IN CASH	`CashPeriodIncreaseDecrease`	$-15.10K	USD	1 Quarter
NET INCREASE IN CASH	`CashPeriodIncreaseDecrease`	$-48.61K	USD	1 Quarter
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$509.00	USD	1 Quarter
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-992.00	USD	1 Quarter
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$62.11K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$63.54K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$78.13K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$12.51K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$62.11K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$63.54K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$78.13K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$12.51K	USD	Point-in-time

Stockholders Equity 67 line items

Line Item	Tag	Value	Unit	Period
Stockholders Equity	`CommonStockholdersEquity`	$-665.73K	USD	Point-in-time
Stockholders Equity	`CommonStockholdersEquity`	$-1.07M	USD	Point-in-time
Stockholders Equity	`CommonStockholdersEquity`	$-798.38K	USD	Point-in-time
Stockholders Equity	`CommonStockholdersEquity`	$-571.74K	USD	Point-in-time
Stockholders Equity	`CommonStockholdersEquity`	$-1.45M	USD	Point-in-time
Stockholders Equity	`CommonStockholdersEquity`	$-888.73K	USD	Point-in-time
Stockholders Equity	`CommonStockholdersEquity`	$5.21K	USD	Point-in-time
Stockholders Equity	`CommonStockholdersEquity`	$-1.69M	USD	Point-in-time
Stockholders Equity	`CommonStockholdersEquity`	$-304.78K	USD	Point-in-time
Stockholders Equity	`CommonStockholdersEquity`	$-1.66M	USD	Point-in-time
Stockholders Equity	`CommonStockholdersEquity`	$-754.04K	USD	Point-in-time
Stockholders Equity	`CommonStockholdersEquity`	$-1.50M	USD	Point-in-time
Stockholders Equity	`CommonStockholdersEquity`	$-185.07K	USD	Point-in-time
Capital contribution	`ProceedsFromPaymentsForOtherFinancingActivities`	$95.00K	USD	Annual
Capital contribution	`ProceedsFromPaymentsForOtherFinancingActivities`	$190.00K	USD	Annual
Capital contribution	`ProceedsFromPaymentsForOtherFinancingActivities`	$8.00K	USD	Annual
Capital contribution	`ProceedsFromPaymentsForOtherFinancingActivities`	$13.50K	USD	Annual
Capital contribution	`ProceedsFromPaymentsForOtherFinancingActivities`	$85.00K	USD	Annual
Conversion of debentures - value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$100.00K	USD	Annual
Conversion of debentures - value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$250.50K	USD	Annual
Conversion of debentures - value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$100.00K	USD	Annual
Conversion of debentures - value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$40.00K	USD	Annual
Shares issued for exercise of options and warrants - value	`StockIssuedDuringPeriodValueStockOptionsExercised`	$127.50K	USD	Annual
Shares issued for exercise of options and warrants - value	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.50K	USD	Annual
Shares issued for exercise of options and warrants - value	`StockIssuedDuringPeriodValueStockOptionsExercised`	$615.00K	USD	Annual
Shares issued for exercise of options and warrants - value	`StockIssuedDuringPeriodValueStockOptionsExercised`	$125.00K	USD	Annual
Shares issued for exercise of options and warrants - value	`StockIssuedDuringPeriodValueStockOptionsExercised`	$60.45K	USD	Annual
Beneficial conversion	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$100.00K	USD	Annual
Beneficial conversion	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$136.56K	USD	Annual
Beneficial conversion	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$224.21K	USD	Annual
Beneficial conversion	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$75.00K	USD	Annual
Beneficial conversion	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$650.00K	USD	Annual
Issuance of warrants and options	`ProceedsFromIssuanceOfWarrants`	$6.12K	USD	Annual
Issuance of warrants and options	`ProceedsFromIssuanceOfWarrants`	$1.08M	USD	Annual
Issuance of warrants and options	`ProceedsFromIssuanceOfWarrants`	$4.50K	USD	Annual
Share based compensation	`ShareBasedCompensation`	$33.50K	USD	Annual
Share based compensation	`ShareBasedCompensation`	$50.00K	USD	Annual
Share based compensation	`ShareBasedCompensation`	$100.00K	USD	Annual
Extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$129.94K	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossBeforeTax`	$429.00	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossBeforeTax`	$-1.39K	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossBeforeTax`	$-2.05K	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-1.48M	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-1.33M	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-216.72K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-1.02M	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-514.91K	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-618.70K	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-133.84K	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-1.27M	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-2.44M	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-786.57K	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-390.07K	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-227.50K	USD	1 Quarter
Stockholders Equity	`CommonStockholdersEquity`	$-665.73K	USD	Point-in-time
Stockholders Equity	`CommonStockholdersEquity`	$-1.07M	USD	Point-in-time
Stockholders Equity	`CommonStockholdersEquity`	$-798.38K	USD	Point-in-time
Stockholders Equity	`CommonStockholdersEquity`	$-571.74K	USD	Point-in-time
Stockholders Equity	`CommonStockholdersEquity`	$-1.45M	USD	Point-in-time
Stockholders Equity	`CommonStockholdersEquity`	$-888.73K	USD	Point-in-time
Stockholders Equity	`CommonStockholdersEquity`	$5.21K	USD	Point-in-time
Stockholders Equity	`CommonStockholdersEquity`	$-1.69M	USD	Point-in-time
Stockholders Equity	`CommonStockholdersEquity`	$-304.78K	USD	Point-in-time
Stockholders Equity	`CommonStockholdersEquity`	$-1.66M	USD	Point-in-time
Stockholders Equity	`CommonStockholdersEquity`	$-754.04K	USD	Point-in-time
Stockholders Equity	`CommonStockholdersEquity`	$-1.50M	USD	Point-in-time
Stockholders Equity	`CommonStockholdersEquity`	$-185.07K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.