10-Q/A Filing

DIGITAL BRAND MEDIA & MARKETING GROUP, INC. CIK: 1127475 Q2 2014

Filing Information

Form Type	10-Q/A
Accession Number	`0001127475-14-000026`
Period End Date	20140228
Filing Date	20140924
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	dbmm-20140228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 65 Cash Flow Statement 49

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.30K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.92K	USD	Point-in-time
Convertible debentures	`ConvertibleDebtCurrent`	$457.21K	USD	Point-in-time
Convertible debentures	`ConvertibleDebtCurrent`	$341.59K	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`	$74.66K	USD	Point-in-time
Cash	`Cash`	$18.02K	USD	Point-in-time
Common Stock, authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$35.52K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$77.10K	USD	Point-in-time
Common Stock, authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common Stock, issued	`CommonStockSharesIssued`	798.71M	shares	Point-in-time
Common Stock, issued	`CommonStockSharesIssued`	38.07M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.82K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.36K	USD	Point-in-time
Common Stock, outstanding	`CommonStockSharesOutstanding`	38.07M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$153.58K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$59.89K	USD	Point-in-time
Common Stock, outstanding	`CommonStockSharesOutstanding`	798.71M	shares	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`	$1.30K	USD	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$1.92K	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`	$61.81K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$154.87K	USD	Point-in-time
Preferred 1 Stock, par value	`Preferred1StockParValue`	$0.00	USD	Point-in-time
Preferred 1 Stock, par value	`Preferred1StockParValue`	$0.00	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$423.13K	USD	Point-in-time
Preferred 1 Stock, designated	`Preferred1StockDesignated`	2.00M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$372.74K	USD	Point-in-time
Preferred 1 Stock, designated	`Preferred1StockDesignated`	2.00M	shares	Point-in-time
Preferred 1 Stock, issued	`Preferred1StockIssued`	870,185.00	shares	Point-in-time
Bank overdraft	`BankOverdrafts`	$23.15K	USD	Point-in-time
Preferred 1 Stock, issued	`Preferred1StockIssued`	993,407.00	shares	Point-in-time
Preferred 1 Stock, outstanding	`Preferred1StockOutstanding`	870,185.00	shares	Point-in-time
Accrued salaries	`AccruedSalariesCurrent`	$737.85K	USD	Point-in-time
Accrued salaries	`AccruedSalariesCurrent`	$820.94K	USD	Point-in-time
Preferred 1 Stock, outstanding	`Preferred1StockOutstanding`	993,407.00	shares	Point-in-time
Preferred 2 Stock, par value	`Preferred2StockParValue`	$0.00	USD	Point-in-time
Preferred 2 Stock, par value	`Preferred2StockParValue`	$0.00	USD	Point-in-time
Loan payable	`LoansPayable`	$324.60K	USD	Point-in-time
Loan payable	`LoansPayable`	$492.00K	USD	Point-in-time
Preferred 2 Stock, designated	`Preferred2StockDesignated`	2.00M	shares	Point-in-time
Preferred 2 Stock, designated	`Preferred2StockDesignated`	2.00M	shares	Point-in-time
Derivative liability	`DerivativeLiabilities`	$795.03K	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	$151.33K	USD	Point-in-time
Convertible debentures	`ConvertibleDebtCurrent`	$457.21K	USD	Point-in-time
Preferred 2 Stock, issued	`Preferred2StockIssued`	0.00	shares	Point-in-time
Preferred 2 Stock, issued	`Preferred2StockIssued`	0.00	shares	Point-in-time
Convertible debentures	`ConvertibleDebtCurrent`	$341.59K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$2.12M	USD	Point-in-time
Preferred 2 Stock, outstanding	`Preferred2StockOutstanding`	0.00	shares	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$2.82M	USD	Point-in-time
Preferred 2 Stock, outstanding	`Preferred2StockOutstanding`	0.00	shares	Point-in-time
Preferred Stock, Series 1	`PreferredStockValue`	$870.00	USD	Point-in-time
Preferred Stock, Series 1	`PreferredStockValue`	$993.00	USD	Point-in-time
Common Stock	`CommonStockValueOutstanding`	$38.07K	USD	Point-in-time
Common Stock	`CommonStockValueOutstanding`	$798.71K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.74M	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.36K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.45K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.10M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.83M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-2.67M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-2.06M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$61.81K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$154.87K	USD	Point-in-time

Income Statement 65 line items

Line Item	Tag	Value	Unit	Period
SALES	`SalesRevenueNet`	$86.71K	USD	1 Quarter
SALES	`SalesRevenueNet`	$109.76K	USD	1 Quarter
SALES	`SalesRevenueNet`	$212.44K	USD	2 Qtrs
SALES	`SalesRevenueNet`	$223.96K	USD	2 Qtrs
COST OF SALES	`CostOfGoodsSold`	$57.07K	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$53.83K	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$104.54K	USD	2 Qtrs
COST OF SALES	`CostOfGoodsSold`	$127.29K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$107.90K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$96.67K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$55.93K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$29.64K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$54.26K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$54.20K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$119.29K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$100.72K	USD	2 Qtrs
Payroll	`SalariesAndWages`	$129.60K	USD	2 Qtrs
Payroll	`SalariesAndWages`	$289.63K	USD	2 Qtrs
Payroll	`SalariesAndWages`	$51.00K	USD	1 Quarter
Payroll	`SalariesAndWages`	$93.64K	USD	1 Quarter
Legal and professional fees	`LegalFees`	$31.52K	USD	1 Quarter
Legal and professional fees	`LegalFees`	$123.69K	USD	2 Qtrs
Legal and professional fees	`LegalFees`	$155.85K	USD	2 Qtrs
Legal and professional fees	`LegalFees`	$60.12K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$404.74K	USD	2 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$165.38K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$179.36K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$514.03K	USD	2 Qtrs
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-308.07K	USD	2 Qtrs
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-406.13K	USD	2 Qtrs
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-135.74K	USD	1 Quarter
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-123.43K	USD	1 Quarter
INTEREST EXPENSE	`InterestExpenseDebtExcludingAmortization`	$61.72K	USD	1 Quarter
INTEREST EXPENSE	`InterestExpenseDebtExcludingAmortization`	$136.69K	USD	2 Qtrs
INTEREST EXPENSE	`InterestExpenseDebtExcludingAmortization`	$395.57K	USD	2 Qtrs
INTEREST EXPENSE	`InterestExpenseDebtExcludingAmortization`	$163.64K	USD	1 Quarter
CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITY	`FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$442.28K	USD	1 Quarter
CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITY	`FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$142.57K	USD	2 Qtrs
CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITY	`FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$139.69K	USD	1 Quarter
CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITY	`FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$468.71K	USD	2 Qtrs
(GAIN) LOSS ON SETTLEMENT OF DEBT	`GainsLossesOnRestructuringOfDebt`	$-33.15K	USD	2 Qtrs
TOTAL OTHER (INCOME) EXPENSE	`OtherNonoperatingIncomeExpense`	$864.27K	USD	2 Qtrs
TOTAL OTHER (INCOME) EXPENSE	`OtherNonoperatingIncomeExpense`	$201.41K	USD	1 Quarter
TOTAL OTHER (INCOME) EXPENSE	`OtherNonoperatingIncomeExpense`	$246.12K	USD	2 Qtrs
TOTAL OTHER (INCOME) EXPENSE	`OtherNonoperatingIncomeExpense`	$605.92K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-729.36K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-1.27M	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-554.19K	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-337.15K	USD	1 Quarter
Foreign exchange translation expense	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$904.00	USD	2 Qtrs
Foreign exchange translation expense	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-117.00	USD	1 Quarter
Foreign exchange translation expense	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$1.65K	USD	1 Quarter
Foreign exchange translation expense	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$1.22K	USD	2 Qtrs
COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossBeforeTax`	$-1.27M	USD	2 Qtrs
COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossBeforeTax`	$-555.41K	USD	2 Qtrs
COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossBeforeTax`	$-338.81K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossBeforeTax`	$-729.24K	USD	1 Quarter
BASIC AND DILUTED - LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
BASIC AND DILUTED - LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
BASIC AND DILUTED - LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
BASIC AND DILUTED - LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	2 Qtrs
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.86M	shares	1 Quarter
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	472.66M	shares	1 Quarter
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	409.90M	shares	2 Qtrs
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.86M	shares	2 Qtrs

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-554.19K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-1.27M	USD	2 Qtrs
Fair value of preferred shares issued for compensation	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	$27.60K	USD	2 Qtrs
Fair value of shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$144.99K	USD	2 Qtrs
Fair value of shares issued for interest	`StockIssuedDuringPeriodValueOther`	$47.03K	USD	2 Qtrs
Depreciation	`Depreciation`	$1.11K	USD	2 Qtrs
Depreciation	`Depreciation`	$759.00	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$296.44K	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$57.12K	USD	2 Qtrs
Change in fair value fo derivative liability	`IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1`	$468.71K	USD	2 Qtrs
Change in fair value fo derivative liability	`IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1`	$2.88K	USD	2 Qtrs
(Gain) loss on settlement of debt	`GainsLossesOnRestructuringOfDebt`	$-33.15K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-41.58K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$328.00	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$4.54K	USD	2 Qtrs
Accrued salaries	`IncreaseDecreaseInAccruedSalaries`	$83.10K	USD	2 Qtrs
Accrued salaries	`IncreaseDecreaseInAccruedSalaries`	$35.81K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$60.78K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$82.66K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-402.06K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-183.41K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquireProductiveAssets`	$-493.00	USD	2 Qtrs
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-493.00	USD	2 Qtrs
Bank overdraft	`IncreaseDecreaseInBookOverdrafts`	$-23.15K	USD	2 Qtrs
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$5.00K	USD	2 Qtrs
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$27.00K	USD	2 Qtrs
Proceeds from loans payable	`ProceedsFromLoans`	$44.50K	USD	2 Qtrs
Proceeds from loans payable	`ProceedsFromLoans`	$252.60K	USD	2 Qtrs
Payments made for loans payable	`RepaymentsOfDebt`	$-15.00K	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$241.45K	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$49.50K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-352.56K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$57.55K	USD	2 Qtrs
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$509.00	USD	2 Qtrs
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-904.00	USD	2 Qtrs
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$78.13K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$74.66K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$-273.92K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$18.02K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$78.13K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$74.66K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$-273.92K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$18.02K	USD	Point-in-time
Stock issued in connection with conversion of debentures	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$279.39K	USD	2 Qtrs
Debt discount associated with derivative liability	`DebtDiscountAssociatedWithDerivativeLiability`	$175.00K	USD	2 Qtrs
Debt discount associated with convertible debt	`DebtDiscountAssociatedWithConvertibleDebt`	$189.26K	USD	2 Qtrs
Conversion of preferred stock to common stock	`ConversionOfPreferredStockToCommonStock`	$26.96K	USD	2 Qtrs
Conversion of accrual to preferred stock	`ConversionOfAccrualToPreferredStock`	$35.82K	USD	2 Qtrs
Assignment of notes payable to convertible notes	`AssignmentOfNotesPayableToConvertibleNotes`	$385.00K	USD	2 Qtrs

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