10-Q Filing

DIGITAL BRAND MEDIA & MARKETING GROUP, INC. CIK: 1127475 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001127475-15-000023`
Period End Date	20150531
Filing Date	20150924
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	dbmm-20150531.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 64 Cash Flow Statement 56

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$5.93K	USD	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$6.22K	USD	Point-in-time
Convertible debentures	`ConvertibleDebtCurrent`	$552.06K	USD	Point-in-time
Convertible debentures	`ConvertibleDebtCurrent`	$828.69K	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`	$34.19K	USD	Point-in-time
Cash	`Cash`	$52.75K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$74.51K	USD	Point-in-time
Common Stock, authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Common Stock, authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$80.17K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.48K	USD	Point-in-time
Common Stock, issued	`CommonStockSharesIssued`	3.61M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.36K	USD	Point-in-time
Common Stock, issued	`CommonStockSharesIssued`	4.41M	shares	Point-in-time
Common Stock, outstanding	`CommonStockSharesOutstanding`	4.41M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$128.74K	USD	Point-in-time
Common Stock, outstanding	`CommonStockSharesOutstanding`	3.61M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$115.72K	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`	$5.93K	USD	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$6.22K	USD	Point-in-time
Preferred Stock, authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$121.66K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$134.96K	USD	Point-in-time
Preferred Stock, authorized	`PreferredStockSharesAuthorized`	4.00M	shares	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
Preferred 1 Stock, designated	`Preferred1StockDesignated`	2.00M	shares	Point-in-time
Preferred 1 Stock, designated	`Preferred1StockDesignated`	2.00M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$442.92K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$537.81K	USD	Point-in-time
Accrued salaries	`AccruedSalariesCurrent`	$470.64K	USD	Point-in-time
Accrued salaries	`AccruedSalariesCurrent`	$582.71K	USD	Point-in-time
Preferred 1 Stock, issued	`Preferred1StockIssued`	870,185.00	shares	Point-in-time
Preferred 1 Stock, issued	`Preferred1StockIssued`	1.97M	shares	Point-in-time
Loan payable	`LoansPayable`	$290.80K	USD	Point-in-time
Preferred 1 Stock, outstanding	`Preferred1StockOutstanding`	870,185.00	shares	Point-in-time
Loan payable	`LoansPayable`	$218.30K	USD	Point-in-time
Preferred 1 Stock, outstanding	`Preferred1StockOutstanding`	1.97M	shares	Point-in-time
Derivative liability	`DerivativeLiabilities`	$356.01K	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	$305.21K	USD	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
Preferred 2 Stock, designated	`Preferred2StockDesignated`	2.00M	shares	Point-in-time
Convertible debentures	`ConvertibleDebtCurrent`	$552.06K	USD	Point-in-time
Preferred 2 Stock, designated	`Preferred2StockDesignated`	2.00M	shares	Point-in-time
Convertible debentures	`ConvertibleDebtCurrent`	$828.69K	USD	Point-in-time
Preferred 2 Stock, issued	`Preferred2StockIssued`	0.00	shares	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$1.99M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$2.60M	USD	Point-in-time
Preferred 2 Stock, issued	`Preferred2StockIssued`	0.00	shares	Point-in-time
Liabilities	`Liabilities`	$1.99M	USD	Point-in-time
Preferred 2 Stock, outstanding	`Preferred2StockOutstanding`	0.00	shares	Point-in-time
Liabilities	`Liabilities`	$2.60M	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`	$1.97K	USD	Point-in-time
Common Stock	`CommonStockValueOutstanding`	$4.42K	USD	Point-in-time
Common Stock	`CommonStockValueOutstanding`	$3.61K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$9.72M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$9.76M	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.80K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.58K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.24M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.57M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-1.85M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-2.47M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$134.96K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$121.66K	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
SALES	`SalesRevenueNet`	$292.34K	USD	3 Qtrs
SALES	`SalesRevenueNet`	$79.90K	USD	1 Quarter
SALES	`SalesRevenueNet`	$111.19K	USD	1 Quarter
SALES	`SalesRevenueNet`	$368.38K	USD	3 Qtrs
COST OF SALES	`CostOfGoodsSold`	$78.24K	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$47.56K	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$242.86K	USD	3 Qtrs
COST OF SALES	`CostOfGoodsSold`	$152.10K	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$32.34K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$125.52K	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$140.24K	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$32.95K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$165.51K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$41.60K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$178.58K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$64.79K	USD	1 Quarter
Compensation Expense	`SalariesAndWages`	$51.00K	USD	1 Quarter
Compensation Expense	`SalariesAndWages`	$171.00K	USD	3 Qtrs
Compensation Expense	`SalariesAndWages`	$90.00K	USD	1 Quarter
Compensation Expense	`SalariesAndWages`	$379.63K	USD	3 Qtrs
Legal and professional fees	`LegalFees`	$196.37K	USD	3 Qtrs
Legal and professional fees	`LegalFees`	$64.90K	USD	1 Quarter
Legal and professional fees	`LegalFees`	$76.89K	USD	1 Quarter
Legal and professional fees	`LegalFees`	$200.57K	USD	3 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$231.68K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$157.51K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$545.95K	USD	3 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$745.71K	USD	3 Qtrs
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-420.43K	USD	3 Qtrs
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-124.55K	USD	1 Quarter
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-199.34K	USD	1 Quarter
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-605.47K	USD	3 Qtrs
INTEREST EXPENSE	`InterestExpenseDebtExcludingAmortization`	$-542.70K	USD	3 Qtrs
INTEREST EXPENSE	`InterestExpenseDebtExcludingAmortization`	$-261.62K	USD	3 Qtrs
INTEREST EXPENSE	`InterestExpenseDebtExcludingAmortization`	$-65.65K	USD	1 Quarter
INTEREST EXPENSE	`InterestExpenseDebtExcludingAmortization`	$-147.13K	USD	1 Quarter
CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITY	`FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-6.59K	USD	1 Quarter
CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITY	`FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$591.11K	USD	1 Quarter
CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITY	`FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$8.20K	USD	3 Qtrs
CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITY	`FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$122.40K	USD	3 Qtrs
TOTAL OTHER (INCOME) EXPENSE	`OtherNonoperatingIncomeExpense`	$-72.24K	USD	1 Quarter
TOTAL OTHER (INCOME) EXPENSE	`OtherNonoperatingIncomeExpense`	$-253.43K	USD	3 Qtrs
TOTAL OTHER (INCOME) EXPENSE	`OtherNonoperatingIncomeExpense`	$443.98K	USD	1 Quarter
TOTAL OTHER (INCOME) EXPENSE	`OtherNonoperatingIncomeExpense`	$-420.30K	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-678.85K	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$244.64K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-1.03M	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-196.79K	USD	1 Quarter
Foreign exchange translation expense	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$58.00	USD	1 Quarter
Foreign exchange translation expense	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-2.17K	USD	3 Qtrs
Foreign exchange translation expense	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$16.38K	USD	3 Qtrs
Foreign exchange translation expense	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-1.27K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossBeforeTax`	$-657.48K	USD	3 Qtrs
COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossBeforeTax`	$-1.03M	USD	3 Qtrs
COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossBeforeTax`	$243.37K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossBeforeTax`	$-196.73K	USD	1 Quarter
BASIC AND DILUTED - LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
BASIC AND DILUTED - LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.16	USD	3 Qtrs
BASIC AND DILUTED - LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$0.19	USD	1 Quarter
BASIC AND DILUTED - LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-1.64	USD	3 Qtrs
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.73M	shares	1 Quarter
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.12M	shares	3 Qtrs
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.29M	shares	1 Quarter
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	625,407.00	shares	3 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-673.85K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-1.03M	USD	3 Qtrs
Fair value of preferred shares issued for compensation	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	$144.99K	USD	3 Qtrs
Fair value of preferred shares issued for compensation	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	$5.83K	USD	3 Qtrs
Fair value of shares issued for interest	`StockIssuedDuringPeriodValueOther`	$72.48K	USD	3 Qtrs
Depreciation	`Depreciation`	$1.40K	USD	3 Qtrs
Depreciation	`Depreciation`	$2.45K	USD	3 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$417.59K	USD	3 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$195.69K	USD	3 Qtrs
Change in fair value of derivative liability	`IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1`	$-122.40K	USD	3 Qtrs
Change in fair value of derivative liability	`IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1`	$-8.20K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.17K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.67K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$4.86K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$118.00	USD	3 Qtrs
Accrued salaries	`IncreaseDecreaseInAccruedSalaries`	$151.40K	USD	3 Qtrs
Accrued salaries	`IncreaseDecreaseInAccruedSalaries`	$112.07K	USD	3 Qtrs
Accrued interest	`DebtInstrumentIncreaseAccruedInterest`	$60.77K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$71.96K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$73.77K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-296.86K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-238.83K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquireProductiveAssets`	$-493.00	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquireProductiveAssets`	$-2.16K	USD	3 Qtrs
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-2.16K	USD	3 Qtrs
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-493.00	USD	3 Qtrs
Bank overdraft	`IncreaseDecreaseInBookOverdrafts`	$-23.15K	USD	3 Qtrs
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$160.00K	USD	3 Qtrs
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$149.00K	USD	3 Qtrs
Proceeds from loans payable	`ProceedsFromLoans`	$252.60K	USD	3 Qtrs
Proceeds from loans payable	`ProceedsFromLoans`	$79.50K	USD	3 Qtrs
Payments made for loans payable	`RepaymentsOfDebt`	$-40.00K	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$338.45K	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$239.50K	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$41.09K	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-1.49K	USD	3 Qtrs
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-17.08K	USD	3 Qtrs
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.17K	USD	3 Qtrs
Cash and Cash Equivalents, Period Increase (Decrease)	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-18.56K	USD	3 Qtrs
Cash and Cash Equivalents, Period Increase (Decrease)	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$38.92K	USD	3 Qtrs
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$18.02K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$52.75K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$56.94K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$34.19K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$18.02K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$52.75K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$56.94K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$34.19K	USD	Point-in-time
Stock issued in connection with conversion of debentures - value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$399.23K	USD	3 Qtrs
Conversion of preferred stock into common stock	`ConvertiblePreferredStockConvertedToOtherSecurities`	$26.96K	USD	3 Qtrs
Conversion of preferred stock into common stock	`ConvertiblePreferredStockConvertedToOtherSecurities`	$110.00	USD	3 Qtrs
Conversion of notes payable into common stock	`ConversionOfNotesPayableIntoCommonStock`	$7.00K	USD	3 Qtrs
Conversion of interest expense into convertible notes payable	`ConversionOfInterestExpenseIntoConvertibleNotesPayable`	$2.20K	USD	3 Qtrs
Debt discount associated with derivative liability	`DebtDiscountAssociatedWithDerivativeLiability`	$247.00K	USD	3 Qtrs
Debt discount associated with convertible debt	`DebtDiscountAssociatedWithConvertibleDebt`	$274.65K	USD	3 Qtrs
Conversion of notes payable into convertible debt	`ConversionOfNotesPayableIntoConvertibleDebt`	$450.30K	USD	3 Qtrs

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