10-Q Filing

DIGITAL BRAND MEDIA & MARKETING GROUP, INC. CIK: 1127475 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001127475-18-000009`
Period End Date	20171130
Filing Date	20180622
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	dbmm-20171130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 28 Cash Flow Statement 31

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.81K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$633.00	USD	Point-in-time
Convertible debentures	`ConvertibleDebtCurrent`	$840.79K	USD	Point-in-time
Convertible debentures	`ConvertibleDebtCurrent`	$840.79K	USD	Point-in-time
Cash	`Cash`	$55.26K	USD	Point-in-time
Common Stock, par value	`CommonStockValue`	$745.72K	USD	Point-in-time
Common Stock, par value	`CommonStockValue`	$745.72K	USD	Point-in-time
Cash	`Cash`	$57.26K	USD	Point-in-time
Common Stock, authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$94.13K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$55.38K	USD	Point-in-time
Common Stock, authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.49K	USD	Point-in-time
Common Stock, issued	`CommonStockSharesIssued`	745.72M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$224.00	USD	Point-in-time
Common Stock, issued	`CommonStockSharesIssued`	745.72M	shares	Point-in-time
Common Stock, outstanding	`CommonStockSharesOutstanding`	745.72M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$112.13K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$151.61K	USD	Point-in-time
Common Stock, outstanding	`CommonStockSharesOutstanding`	745.72M	shares	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$3.81K	USD	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$633.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$115.93K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$152.24K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$347.28K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$385.63K	USD	Point-in-time
Accrued Interest	`InterestAndDividendsPayableCurrent`	$255.20K	USD	Point-in-time
Accrued Interest	`InterestAndDividendsPayableCurrent`	$273.68K	USD	Point-in-time
Accrued salaries	`AccruedSalariesCurrent`	$915.54K	USD	Point-in-time
Accrued salaries	`AccruedSalariesCurrent`	$882.64K	USD	Point-in-time
Loan payable	`LoansPayable`	$370.00K	USD	Point-in-time
Loan payable	`LoansPayable`	$426.00K	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	$757.80K	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	$740.95K	USD	Point-in-time
Convertible debentures	`ConvertibleDebtCurrent`	$840.79K	USD	Point-in-time
Convertible debentures	`ConvertibleDebtCurrent`	$840.79K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$3.56M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$3.48M	USD	Point-in-time
Preferred Stock, Series 1	`PreferredStockValue`	$2.00K	USD	Point-in-time
Preferred Stock, Series 1	`PreferredStockValue`	$2.00K	USD	Point-in-time
Common Stock	`CommonStockValueOutstanding`	$745.72K	USD	Point-in-time
Common Stock	`CommonStockValueOutstanding`	$745.72K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$9.27M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$9.27M	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-24.96K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.18K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.36M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-3.41M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-3.36M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$152.24K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$115.93K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
SALES	`SalesRevenueNet`	$80.30K	USD	1 Quarter
SALES	`SalesRevenueNet`	$146.21K	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$83.54K	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$63.49K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$16.81K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$62.67K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$124.96K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$85.69K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$124.96K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$85.69K	USD	1 Quarter
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-23.02K	USD	1 Quarter
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-108.15K	USD	1 Quarter
INTEREST EXPENSE	`InterestExpenseDebtExcludingAmortization`	$14.48K	USD	1 Quarter
INTEREST EXPENSE	`InterestExpenseDebtExcludingAmortization`	$18.49K	USD	1 Quarter
CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITY	`FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-288.27K	USD	1 Quarter
CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITY	`FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$16.84K	USD	1 Quarter
TOTAL OTHER (INCOME) EXPENSE	`OtherNonoperatingIncomeExpense`	$-273.79K	USD	1 Quarter
TOTAL OTHER (INCOME) EXPENSE	`OtherNonoperatingIncomeExpense`	$35.33K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$165.64K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-58.35K	USD	1 Quarter
Foreign exchange translation expense	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$7.01K	USD	1 Quarter
Foreign exchange translation expense	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$8.78K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossBeforeTax`	$172.66K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossBeforeTax`	$-49.47K	USD	1 Quarter
BASIC AND DILUTED - LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
BASIC AND DILUTED - LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	745.72M	shares	1 Quarter
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	745.72M	shares	1 Quarter

Cash Flow Statement 31 line items

Line Item	Tag	Value	Unit	Period
Net profit (loss)	`ProfitLoss`	$165.64K	USD	1 Quarter
Net profit (loss)	`ProfitLoss`	$-58.35K	USD	1 Quarter
Depreciation	`Depreciation`	$179.00	USD	1 Quarter
Change in fair value of derivative liability	`IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1`	$-288.27K	USD	1 Quarter
Change in fair value of derivative liability	`IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1`	$16.48K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-38.75K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-20.29K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$74.00	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$1.27K	USD	1 Quarter
Accrued salaries	`IncreaseDecreaseInAccruedSalaries`	$47.52K	USD	1 Quarter
Accrued salaries	`IncreaseDecreaseInAccruedSalaries`	$32.90K	USD	1 Quarter
Accrued interest	`DebtInstrumentIncreaseAccruedInterest`	$18.49K	USD	1 Quarter
Accrued interest	`DebtInstrumentIncreaseAccruedInterest`	$14.48K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-35.37K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$69.32K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.52K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-62.79K	USD	1 Quarter
Proceeds from loans payable	`ProceedsFromLoans`	$56.00K	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$56.00K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-11.32K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-6.79K	USD	1 Quarter
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$8.79K	USD	1 Quarter
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$7.01K	USD	1 Quarter
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$55.26K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.52K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$210.00	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$57.26K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$55.26K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.52K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$210.00	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$57.26K	USD	Point-in-time

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