10-K/A Filing

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

Filing Information

Form Type	10-K/A
Accession Number	`0001127475-15-000008`
Period End Date	20140831
Filing Date	20150219
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	dbmm-20140831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 35 Cash Flow Statement 60 Stockholders Equity 16

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.22K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.92K	USD	Point-in-time
Convertible debentures	`ConvertibleDebtCurrent`	$341.59K	USD	Point-in-time
Convertible debentures	`ConvertibleDebtCurrent`	$552.06K	USD	Point-in-time
Cash	`Cash`	$18.02K	USD	Point-in-time
Cash	`Cash`	$52.75K	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
Accounts receivable	`AccountsReceivableNet`	$35.52K	USD	Point-in-time
Common Stock, authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common Stock, authorized	`CommonStockSharesAuthorized`	5.00B	shares	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$74.51K	USD	Point-in-time
Common Stock, issued	`CommonStockSharesIssued`	38.07M	shares	Point-in-time
Common Stock, issued	`CommonStockSharesIssued`	3.61B	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.48K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.36K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$128.74K	USD	Point-in-time
Common Stock, outstanding	`CommonStockSharesOutstanding`	38.07M	shares	Point-in-time
Common Stock, outstanding	`CommonStockSharesOutstanding`	3.61B	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$59.89K	USD	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$6.22K	USD	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	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
TOTAL ASSETS	`Assets`	$134.96K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$61.81K	USD	Point-in-time
Preferred Stock, authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$372.74K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$442.92K	USD	Point-in-time
Bank overdraft	`BankOverdrafts`	$23.15K	USD	Point-in-time
Accrued salaries	`AccruedSalariesCurrent`	$470.64K	USD	Point-in-time
Accrued salaries	`AccruedSalariesCurrent`	$737.85K	USD	Point-in-time
Loan payable	`LoansPayable`	$218.30K	USD	Point-in-time
Loan payable	`LoansPayable`	$492.00K	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	$151.33K	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	$305.21K	USD	Point-in-time
Convertible debentures	`ConvertibleDebtCurrent`	$341.59K	USD	Point-in-time
Convertible debentures	`ConvertibleDebtCurrent`	$552.06K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$2.12M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$1.99M	USD	Point-in-time
Liabilities	`Liabilities`	$2.12M	USD	Point-in-time
Liabilities	`Liabilities`	$1.99M	USD	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`	$3.61M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.74M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.11M	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.45K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.80K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.57M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-2.06M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-1.45M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-1.85M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$61.81K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$134.96K	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
SALES	`SalesRevenueNet`	$408.50K	USD	Annual
SALES	`SalesRevenueNet`	$417.61K	USD	Annual
COST OF SALES	`CostOfGoodsSold`	$234.37K	USD	Annual
COST OF SALES	`CostOfGoodsSold`	$222.58K	USD	Annual
GROSS PROFIT	`GrossProfit`	$174.14K	USD	Annual
GROSS PROFIT	`GrossProfit`	$195.02K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$203.43K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$211.32K	USD	Annual
Payroll	`SalariesAndWages`	$381.22K	USD	Annual
Payroll	`SalariesAndWages`	$311.16K	USD	Annual
Legal and professional fees	`LegalFees`	$55.75K	USD	Annual
Legal and professional fees	`LegalFees`	$276.96K	USD	Annual
Gain on cancellation of accrued compensation	`GainsLossesOnExtinguishmentOfDebt`	$-390.46K	USD	Annual
Gain on cancellation of accrued compensation	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$1.65K	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$2.98K	USD	Annual
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$472.80K	USD	Annual
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$581.21K	USD	Annual
INTEREST EXPENSE	`InterestExpenseDebtExcludingAmortization`	$-282.70K	USD	Annual
INTEREST EXPENSE	`InterestExpenseDebtExcludingAmortization`	$-550.91K	USD	Annual
CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITY	`FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$50.50K	USD	Annual
CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITY	`FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$89.15K	USD	Annual
(GAIN) LOSS ON SETTLEMENT OF DEBT	`GainsLossesOnRestructuringOfDebt`	$37.28K	USD	Annual
TOTAL OTHER (INCOME) EXPENSE	`OtherNonoperatingIncomeExpense`	$-269.48K	USD	Annual
TOTAL OTHER (INCOME) EXPENSE	`OtherNonoperatingIncomeExpense`	$-461.76K	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$-739.53K	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$-676.55K	USD	Annual
Foreign exchange translation expense	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$1.01K	USD	Annual
Foreign exchange translation expense	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$8.34K	USD	Annual
COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossBeforeTax`	$-677.57K	USD	Annual
COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossBeforeTax`	$-747.88K	USD	Annual
BASIC AND DILUTED - LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
BASIC AND DILUTED - LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	Annual
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.54M	shares	Annual
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.15B	shares	Annual

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-739.53K	USD	Annual
Net loss	`ProfitLoss`	$-676.55K	USD	Annual
Fair value of preferred shares issued for compensation	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	$107.16K	USD	Annual
Fair value of preferred shares issued for compensation	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	$144.99K	USD	Annual
Depreciation	`Depreciation`	$2.98K	USD	Annual
Depreciation	`Depreciation`	$1.65K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$177.53K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$434.58K	USD	Annual
Change in fair value of derivative liability	`IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1`	$-50.50K	USD	Annual
Change in fair value of derivative liability	`IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1`	$-89.15K	USD	Annual
(Gain) loss on settlement of debt	`GainsLossesOnRestructuringOfDebt`	$37.28K	USD	Annual
Bad debt expense	`AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease`	$7.21K	USD	Annual
Interest related to modification of conversion price of debt	`DebtInstrumentIncreaseAccruedInterest`	$119.95K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$13.64K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-38.99K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$4.88K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-1.28K	USD	Annual
Accrued salaries	`IncreaseDecreaseInAccruedSalaries`	$123.25K	USD	Annual
Accrued salaries	`IncreaseDecreaseInAccruedSalaries`	$72.26K	USD	Annual
Accrued interest	`DebtInstrumentIncreaseAccruedInterest`	$119.95K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$116.32K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$33.77K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-333.64K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-382.07K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquireProductiveAssets`	$-611.00	USD	Annual
Purchase of fixed assets	`PaymentsToAcquireProductiveAssets`	$-4.31K	USD	Annual
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-4.31K	USD	Annual
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-611.00	USD	Annual
Bank overdraft	`IncreaseDecreaseInBookOverdrafts`	$23.15K	USD	Annual
Bank overdraft	`IncreaseDecreaseInBookOverdrafts`	$-23.15K	USD	Annual
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$270.00K	USD	Annual
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$177.50K	USD	Annual
Proceeds from loans payable	`ProceedsFromLoans`	$129.50K	USD	Annual
Proceeds from loans payable	`ProceedsFromLoans`	$252.60K	USD	Annual
Payments made for loans payable	`RepaymentsOfDebt`	$-55.00K	USD	Annual
Payments made for loans payable	`RepaymentsOfDebt`	$-70.00K	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$275.15K	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$429.45K	USD	Annual
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$43.08K	USD	Annual
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-59.10K	USD	Annual
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.01K	USD	Annual
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-8.34K	USD	Annual
Cash and Cash Equivalents, Period Increase (Decrease)	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$34.73K	USD	Annual
Cash and Cash Equivalents, Period Increase (Decrease)	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-60.12K	USD	Annual
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$52.75K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$18.02K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$78.13K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$52.75K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$18.02K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$78.13K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$8.00K	USD	Annual
Restructuring of convertible debt	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebtSubsequentAdjustments`	$450.30K	USD	Annual
Restructuring of convertible debt	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebtSubsequentAdjustments`	$154.00K	USD	Annual
Stock issued in connection with conversion of debentures - value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$484.14K	USD	Annual
Stock issued in connection with conversion of debentures - value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$67.02K	USD	Annual
Conversion of preferred stock into common stock	`ConvertiblePreferredStockConvertedToOtherSecurities`	$538.00	USD	Annual
Conversion of preferred stock into common stock	`ConvertiblePreferredStockConvertedToOtherSecurities`	$508.00	USD	Annual
Conversion of accrued expenses into common stock	`ConversionOfStockAmountConverted1`	$78.40K	USD	Annual
Beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$243.03K	USD	Annual
Beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$112.50K	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Stockholders Equity	`StockholdersEquity`	$-2.06M	USD	Point-in-time
Stockholders Equity	`StockholdersEquity`	$-1.45M	USD	Point-in-time
Stockholders Equity	`StockholdersEquity`	$-1.85M	USD	Point-in-time
Stock issued in connection with conversion of debentures - value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$484.14K	USD	Annual
Stock issued in connection with conversion of debentures - value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$67.02K	USD	Annual
Shares issued for services - value	`StockIssuedDuringPeriodValueIssuedForServices`	$107.16K	USD	Annual
Shares issued for services - value	`StockIssuedDuringPeriodValueIssuedForServices`	$144.99K	USD	Annual
Beneficial conversion	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$243.03K	USD	Annual
Beneficial conversion	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$112.50K	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$1.01K	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$8.34K	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-739.53K	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-676.55K	USD	Annual
Stockholders Equity	`StockholdersEquity`	$-2.06M	USD	Point-in-time
Stockholders Equity	`StockholdersEquity`	$-1.45M	USD	Point-in-time
Stockholders Equity	`StockholdersEquity`	$-1.85M	USD	Point-in-time

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