10-Q Filing

DIGITAL BRAND MEDIA & MARKETING GROUP, INC. CIK: 1127475 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001127475-18-000012`
Period End Date	20180228
Filing Date	20180625
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	dbmm-20180228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 56 Cash Flow Statement 31

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.30K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.81K	USD	Point-in-time
Convertible debentures	`ConvertibleDebtCurrent`	$840.79K	USD	Point-in-time
Convertible debentures	`ConvertibleDebtCurrent`	$840.79K	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`	$55.26K	USD	Point-in-time
Cash	`Cash`	$120.56K	USD	Point-in-time
Common Stock, authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$55.38K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$57.88K	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`	$228.00	USD	Point-in-time
Common Stock, issued	`CommonStockSharesIssued`	745.72M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$112.13K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$178.68K	USD	Point-in-time
Common Stock, outstanding	`CommonStockSharesOutstanding`	745.72M	shares	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`	$2.30K	USD	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
TOTAL ASSETS	`Assets`	$180.97K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$115.93K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$385.63K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$360.00K	USD	Point-in-time
Accrued Interest	`InterestAndDividendsPayableCurrent`	$292.17K	USD	Point-in-time
Accrued Interest	`InterestAndDividendsPayableCurrent`	$255.20K	USD	Point-in-time
Accrued salaries	`AccruedSalariesCurrent`	$882.64K	USD	Point-in-time
Accrued salaries	`AccruedSalariesCurrent`	$960.54K	USD	Point-in-time
Loan payable	`LoansPayable`	$370.00K	USD	Point-in-time
Loan payable	`LoansPayable`	$485.00K	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	$740.95K	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	$722.90K	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`	$3.48M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$3.66M	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`	$-16.40K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.36M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.49M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-3.48M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-3.36M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$180.97K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$115.93K	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
SALES	`SalesRevenueNet`	$252.49K	USD	2 Qtrs
SALES	`SalesRevenueNet`	$326.97K	USD	2 Qtrs
SALES	`SalesRevenueNet`	$172.19K	USD	1 Quarter
SALES	`SalesRevenueNet`	$180.76K	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$74.00K	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$128.45K	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$137.49K	USD	2 Qtrs
COST OF SALES	`CostOfGoodsSold`	$211.99K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$114.98K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$115.00K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$52.31K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$98.19K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$140.08K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$225.77K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$76.17K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$201.13K	USD	2 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$201.13K	USD	2 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$140.08K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$76.17K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$225.77K	USD	2 Qtrs
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-86.12K	USD	2 Qtrs
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-110.79K	USD	2 Qtrs
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-87.77K	USD	1 Quarter
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$22.03K	USD	1 Quarter
INTEREST EXPENSE	`InterestExpenseDebtExcludingAmortization`	$36.97K	USD	2 Qtrs
INTEREST EXPENSE	`InterestExpenseDebtExcludingAmortization`	$18.48K	USD	1 Quarter
INTEREST EXPENSE	`InterestExpenseDebtExcludingAmortization`	$34.69K	USD	2 Qtrs
INTEREST EXPENSE	`InterestExpenseDebtExcludingAmortization`	$20.21K	USD	1 Quarter
CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITY	`FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-427.70K	USD	1 Quarter
CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITY	`FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-18.05K	USD	2 Qtrs
CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITY	`FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-715.97K	USD	2 Qtrs
CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITY	`FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-34.89K	USD	1 Quarter
TOTAL OTHER (INCOME) EXPENSE	`OtherNonoperatingIncomeExpense`	$-407.49K	USD	1 Quarter
TOTAL OTHER (INCOME) EXPENSE	`OtherNonoperatingIncomeExpense`	$-16.41K	USD	1 Quarter
TOTAL OTHER (INCOME) EXPENSE	`OtherNonoperatingIncomeExpense`	$-681.28K	USD	2 Qtrs
TOTAL OTHER (INCOME) EXPENSE	`OtherNonoperatingIncomeExpense`	$18.92K	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-129.71K	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$595.16K	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-71.36K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$429.52K	USD	1 Quarter
Foreign exchange translation expense	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$6.70K	USD	2 Qtrs
Foreign exchange translation expense	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-310.00	USD	1 Quarter
Foreign exchange translation expense	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$8.56K	USD	2 Qtrs
Foreign exchange translation expense	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$221.00	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossBeforeTax`	$-71.14K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossBeforeTax`	$-121.15K	USD	2 Qtrs
COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossBeforeTax`	$601.86K	USD	2 Qtrs
COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossBeforeTax`	$429.21K	USD	1 Quarter
BASIC AND DILUTED - LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
BASIC AND DILUTED - LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$0.00	USD	2 Qtrs
BASIC AND DILUTED - LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
BASIC AND DILUTED - LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$0.00	USD	1 Quarter
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	745.72M	shares	2 Qtrs
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	745.72M	shares	1 Quarter
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	745.72M	shares	2 Qtrs
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`	$595.16K	USD	2 Qtrs
Net profit (loss)	`ProfitLoss`	$-129.71K	USD	2 Qtrs
Depreciation	`Depreciation`	$2.74K	USD	2 Qtrs
Change in fair value of derivative liability	`IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1`	$-18.05K	USD	2 Qtrs
Change in fair value of derivative liability	`IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1`	$-715.97K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.51K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$15.62K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$81.00	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$1.26K	USD	2 Qtrs
Accrued salaries	`IncreaseDecreaseInAccruedSalaries`	$77.90K	USD	2 Qtrs
Accrued salaries	`IncreaseDecreaseInAccruedSalaries`	$83.02K	USD	2 Qtrs
Accrued interest	`DebtInstrumentIncreaseAccruedInterest`	$36.97K	USD	2 Qtrs
Accrued interest	`DebtInstrumentIncreaseAccruedInterest`	$34.69K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$56.92K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-26.86K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-58.25K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$69.51K	USD	2 Qtrs
Proceeds from loans payable	`ProceedsFromLoans`	$115.00K	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$115.00K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$69.51K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$56.75K	USD	2 Qtrs
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$6.70K	USD	2 Qtrs
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$8.56K	USD	2 Qtrs
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$55.26K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$80.73K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.52K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$120.56K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$55.26K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$80.73K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.52K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$120.56K	USD	Point-in-time

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