10-Q Filing

DIGITAL BRAND MEDIA & MARKETING GROUP, INC. CIK: 1127475 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001185185-19-000063`
Period End Date	20181130
Filing Date	20190114
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	dbmm-20181130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 28 Cash Flow Statement 42 Stockholders Equity 12

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$33.12K	USD	Point-in-time
Cash	`Cash`	$43.65K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$99.02K	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`	$480.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$127.81K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$143.15K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$1.92K	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
Common stock, authorized shares	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$2.02K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	745.72M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$145.08K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$129.83K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$57.26K	USD	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`	$333.35K	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`	$357.53K	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.12M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.07M	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$440.00K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$491.08K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$724.31K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$703.35K	USD	Point-in-time
Officers loans payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$140.90K	USD	Point-in-time
Officers loans payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$160.99K	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`	$4.01M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$3.91M	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`	$8.35K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.89M	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`	$-3.41M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-3.78M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-3.86M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$145.08K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$129.83K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
SALES	`Revenues`	$122.64K	USD	1 Quarter
SALES	`Revenues`	$146.21K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$103.65K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$83.54K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$18.99K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$62.67K	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$96.65K	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$85.69K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$96.65K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$85.69K	USD	1 Quarter
OPERATING (LOSS)	`OperatingIncomeLoss`	$-77.66K	USD	1 Quarter
OPERATING (LOSS)	`OperatingIncomeLoss`	$-23.02K	USD	1 Quarter
Interest expense	`InterestExpense`	$24.10K	USD	1 Quarter
Interest expense	`InterestExpense`	$18.49K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-16.84K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$20.96K	USD	1 Quarter
TOTAL OTHER (INCOME) EXPENSE	`NonoperatingIncomeExpense`	$-35.33K	USD	1 Quarter
TOTAL OTHER (INCOME) EXPENSE	`NonoperatingIncomeExpense`	$-3.13K	USD	1 Quarter
NET (LOSS)	`NetIncomeLoss`	$-58.35K	USD	1 Quarter
NET (LOSS)	`NetIncomeLoss`	$-80.80K	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-512.00	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$8.79K	USD	1 Quarter
COMPREHENSIVE (LOSS)	`ComprehensiveIncomeNetOfTax`	$-81.31K	USD	1 Quarter
COMPREHENSIVE (LOSS)	`ComprehensiveIncomeNetOfTax`	$-49.56K	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	745.72M	shares	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	745.72M	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-58.35K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-80.80K	USD	1 Quarter
Depreciation	`Depreciation`	$99.00	USD	1 Quarter
Depreciation	`Depreciation`	$179.00	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-16.84K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$20.96K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$38.75K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.82K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.27K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-28.75K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-35.37K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$18.49K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$24.10K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$32.90K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$51.00K	USD	1 Quarter
NET CASH (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-60.13K	USD	1 Quarter
NET CASH (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-62.79K	USD	1 Quarter
CASH FLOWS FROM INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
CASH FLOWS FROM INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from loan payable	`ProceedsFromLoans`	$51.08K	USD	1 Quarter
Proceeds from loan payable	`ProceedsFromLoans`	$56.00K	USD	1 Quarter
Proceeds from officer loan payable	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Proceeds from officer loan payable	`ProceedsFromRelatedPartyDebt`	$20.09K	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$71.17K	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$56.00K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.05K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.79K	USD	1 Quarter
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-512.00	USD	1 Quarter
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$8.79K	USD	1 Quarter
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$43.65K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$55.26K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$33.12K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$57.26K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$43.65K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$55.26K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$33.12K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$57.26K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-3.36M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.41M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.78M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.86M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-58.35K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-80.80K	USD	1 Quarter
Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-512.00	USD	1 Quarter
Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$8.79K	USD	1 Quarter
Balance	`StockholdersEquity`	$-3.36M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.41M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.78M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.86M	USD	Point-in-time

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