10-Q Filing

DIGITAL BRAND MEDIA & MARKETING GROUP, INC. CIK: 1127475 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001127475-18-000031`
Period End Date	20180531
Filing Date	20180718
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	dbmm-20180531.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`	$3.81K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.70K	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
Cash	`Cash`	$85.14K	USD	Point-in-time
Common Stock, par value	`CommonStockValue`	$745.72K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$55.38K	USD	Point-in-time
Common Stock, authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common Stock, authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$34.86K	USD	Point-in-time
Common Stock, issued	`CommonStockSharesIssued`	745.72M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$476.00	USD	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
Common Stock, outstanding	`CommonStockSharesOutstanding`	745.72M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$112.13K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$120.47K	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`	$3.70K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$115.93K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$124.18K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$385.63K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$329.64K	USD	Point-in-time
Accrued Interest	`InterestAndDividendsPayableCurrent`	$255.20K	USD	Point-in-time
Accrued Interest	`InterestAndDividendsPayableCurrent`	$312.22K	USD	Point-in-time
Accrued salaries	`AccruedSalariesCurrent`	$1.01M	USD	Point-in-time
Accrued salaries	`AccruedSalariesCurrent`	$882.64K	USD	Point-in-time
Loan payable	`LoansPayable`	$562.00K	USD	Point-in-time
Loan payable	`LoansPayable`	$370.00K	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	$740.95K	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	$707.07K	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`	$3.76M	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`	$-1.52K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-24.96K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.36M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.64M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-3.36M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-3.64M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$115.93K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$124.18K	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
SALES	`SalesRevenueNet`	$415.47K	USD	3 Qtrs
SALES	`SalesRevenueNet`	$88.50K	USD	5 Qtrs
SALES	`SalesRevenueNet`	$389.18K	USD	3 Qtrs
SALES	`SalesRevenueNet`	$136.69K	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$220.56K	USD	3 Qtrs
COST OF SALES	`CostOfGoodsSold`	$101.53K	USD	5 Qtrs
COST OF SALES	`CostOfGoodsSold`	$313.52K	USD	3 Qtrs
COST OF SALES	`CostOfGoodsSold`	$83.07K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$101.95K	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$-13.03K	USD	5 Qtrs
GROSS PROFIT	`GrossProfit`	$168.62K	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$53.62K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$140.57K	USD	5 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$209.77K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$9.14K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$366.34K	USD	3 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$9.14K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$366.34K	USD	3 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$209.77K	USD	3 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$140.57K	USD	5 Qtrs
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-153.60K	USD	5 Qtrs
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-264.39K	USD	3 Qtrs
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$44.48K	USD	1 Quarter
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-41.14K	USD	3 Qtrs
INTEREST EXPENSE	`InterestExpenseDebtExcludingAmortization`	$20.05K	USD	5 Qtrs
INTEREST EXPENSE	`InterestExpenseDebtExcludingAmortization`	$57.02K	USD	3 Qtrs
INTEREST EXPENSE	`InterestExpenseDebtExcludingAmortization`	$20.18K	USD	1 Quarter
INTEREST EXPENSE	`InterestExpenseDebtExcludingAmortization`	$54.86K	USD	3 Qtrs
CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITY	`FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-33.88K	USD	3 Qtrs
CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITY	`FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-303.25K	USD	3 Qtrs
CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITY	`FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$412.71K	USD	1 Quarter
CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITY	`FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-15.83K	USD	5 Qtrs
TOTAL OTHER (INCOME) EXPENSE	`OtherNonoperatingIncomeExpense`	$23.14K	USD	3 Qtrs
TOTAL OTHER (INCOME) EXPENSE	`OtherNonoperatingIncomeExpense`	$-248.39K	USD	3 Qtrs
TOTAL OTHER (INCOME) EXPENSE	`OtherNonoperatingIncomeExpense`	$4.22K	USD	5 Qtrs
TOTAL OTHER (INCOME) EXPENSE	`OtherNonoperatingIncomeExpense`	$432.89K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-287.53K	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-157.82K	USD	5 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-388.41K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$207.25K	USD	3 Qtrs
Foreign exchange translation expense	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$481.00	USD	5 Qtrs
Foreign exchange translation expense	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-211.00	USD	1 Quarter
Foreign exchange translation expense	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$9.04K	USD	3 Qtrs
Foreign exchange translation expense	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$6.49K	USD	3 Qtrs
COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossBeforeTax`	$-278.49K	USD	3 Qtrs
COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossBeforeTax`	$-388.62K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossBeforeTax`	$213.74K	USD	3 Qtrs
COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossBeforeTax`	$-157.34K	USD	5 Qtrs
BASIC AND DILUTED - LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	-	USD	5 Qtrs
BASIC AND DILUTED - LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
BASIC AND DILUTED - LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$0.00	USD	1 Quarter
BASIC AND DILUTED - LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	745.72M	shares	1 Quarter
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	745.72M	shares	3 Qtrs
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	745.72M	shares	5 Qtrs
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	745.72M	shares	3 Qtrs

Cash Flow Statement 31 line items

Line Item	Tag	Value	Unit	Period
Net profit (loss)	`ProfitLoss`	$-287.53K	USD	3 Qtrs
Net profit (loss)	`ProfitLoss`	$207.25K	USD	3 Qtrs
Depreciation	`Depreciation`	$102.00	USD	3 Qtrs
Depreciation	`Depreciation`	$214.00	USD	3 Qtrs
Change in fair value of derivative liability	`IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1`	$-33.88K	USD	3 Qtrs
Change in fair value of derivative liability	`IncreaseDecreaseInFairValueOfPriceRiskFairValueHedgingInstruments1`	$-303.25K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$20.51K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-26.38K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$1.01K	USD	3 Qtrs
Accrued salaries	`IncreaseDecreaseInAccruedSalaries`	$127.59K	USD	3 Qtrs
Accrued salaries	`IncreaseDecreaseInAccruedSalaries`	$130.60K	USD	3 Qtrs
Accrued interest	`DebtInstrumentIncreaseAccruedInterest`	$50.86K	USD	3 Qtrs
Accrued interest	`DebtInstrumentIncreaseAccruedInterest`	$57.02K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-28.31K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-55.99K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$30.97K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-171.16K	USD	3 Qtrs
Proceeds from loans payable	`ProceedsFromLoans`	$192.00K	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$192.00K	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$30.97K	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$20.84K	USD	3 Qtrs
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$9.04K	USD	3 Qtrs
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$5.99K	USD	3 Qtrs
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$85.14K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.52K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$41.48K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$55.26K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$85.14K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.52K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$41.48K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$55.26K	USD	Point-in-time

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