10-K Filing

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

Filing Information

Form Type	10-K
Accession Number	`0001185185-18-002178`
Period End Date	20180831
Filing Date	20181214
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	dbmm-20180831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 28 Cash Flow Statement 46 Stockholders Equity 10

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$55.26K	USD	Point-in-time
Cash	`Cash`	$33.12K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$55.38K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$94.21K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$480.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.49K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$127.81K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$112.13K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$2.02K	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$3.81K	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$115.93K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$129.83K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	745.72M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	745.72M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	745.72M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	745.72M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$362.78K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$362.10K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$333.43K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$255.20K	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.07M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$882.64K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$440.00K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$370.00K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$740.95K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$724.31K	USD	Point-in-time
Officers loans payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$140.90K	USD	Point-in-time
Officers loans payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$22.85K	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`	$3.91M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$3.48M	USD	Point-in-time
Common stock, par value .001; authorized 2,000,000,000 shares; 745,718,631, and 745,718,631, shares issued and outstanding	`CommonStockValue`	$745.72K	USD	Point-in-time
Common stock, par value .001; authorized 2,000,000,000 shares; 745,718,631, and 745,718,631, shares issued and outstanding	`CommonStockValue`	$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`	$8.87K	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`	$-13.81M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-3.36M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-3.92M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-3.78M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$129.83K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$115.93K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
SALES	`Revenues`	$486.37K	USD	Annual
SALES	`Revenues`	$536.50K	USD	Annual
COST OF SALES	`CostOfRevenue`	$311.03K	USD	Annual
COST OF SALES	`CostOfRevenue`	$428.55K	USD	Annual
GROSS PROFIT	`GrossProfit`	$107.95K	USD	Annual
GROSS PROFIT	`GrossProfit`	$175.34K	USD	Annual
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$502.77K	USD	Annual
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$324.16K	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$502.77K	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$324.16K	USD	Annual
OPERATING (LOSS)	`OperatingIncomeLoss`	$-394.82K	USD	Annual
OPERATING (LOSS)	`OperatingIncomeLoss`	$-148.82K	USD	Annual
Interest expense	`InterestExpense`	$63.62K	USD	Annual
Interest expense	`InterestExpense`	$78.23K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$776.86K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$16.64K	USD	Annual
TOTAL OTHER (INCOME) EXPENSE	`NonoperatingIncomeExpense`	$713.24K	USD	Annual
TOTAL OTHER (INCOME) EXPENSE	`NonoperatingIncomeExpense`	$-61.59K	USD	Annual
NET (LOSS) INCOME	`NetIncomeLoss`	$564.42K	USD	Annual
NET (LOSS) INCOME	`NetIncomeLoss`	$-456.41K	USD	Annual
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-314.00	USD	Annual
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$33.83K	USD	Annual
COMPREHENSIVE (LOSS) INCOME	`ComprehensiveIncomeNetOfTax`	$-422.58K	USD	Annual
COMPREHENSIVE (LOSS) INCOME	`ComprehensiveIncomeNetOfTax`	$564.11K	USD	Annual
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	Annual
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.00	USD	Annual
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	745.72M	shares	Annual
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	745.72M	shares	Annual

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$564.42K	USD	Annual
Net (loss) income	`NetIncomeLoss`	$-456.41K	USD	Annual
Depreciation	`Depreciation`	$546.00	USD	Annual
Depreciation	`Depreciation`	$216.00	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$32.08K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$776.86K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$16.64K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$12.18K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$35.88K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-28.00	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.01K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-674.00	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-23.72K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$63.29K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$78.23K	USD	Annual
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$187.51K	USD	Annual
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$181.60K	USD	Annual
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-242.30K	USD	Annual
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$28.87K	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$660.00	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.72K	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-660.00	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-1.72K	USD	Annual
Proceeds from loan payable	`ProceedsFromLoans`	-	USD	Annual
Proceeds from loan payable	`ProceedsFromLoans`	$135.00K	USD	Annual
Proceeds from officers loans payable	`ProceedsFromRelatedPartyDebt`	$118.05K	USD	Annual
Proceeds from officers loans payable	`ProceedsFromRelatedPartyDebt`	$22.85K	USD	Annual
Payment made for loan payable	`RepaymentsOfDebt`	-	USD	Annual
Payment made for loan payable	`RepaymentsOfDebt`	$65.00K	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$22.85K	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$188.04K	USD	Annual
NET (DECREASE) INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$51.06K	USD	Annual
NET (DECREASE) INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-55.97K	USD	Annual
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$33.83K	USD	Annual
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-314.00	USD	Annual
CASH - BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$4.52K	USD	Point-in-time
CASH - BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$55.26K	USD	Point-in-time
CASH - BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$33.12K	USD	Point-in-time
CASH - END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$4.52K	USD	Point-in-time
CASH - END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$55.26K	USD	Point-in-time
CASH - END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$33.12K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-3.36M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.78M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$564.42K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-456.41K	USD	Annual
Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$33.83K	USD	Annual
Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-314.00	USD	Annual
Balance	`StockholdersEquity`	$-3.36M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.78M	USD	Point-in-time

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