10-Q Filing

DIGITAL BRAND MEDIA & MARKETING GROUP, INC. CIK: 1127475 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001185185-19-000509`
Period End Date	20190228
Filing Date	20190409
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	dbmm-20190228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 56 Cash Flow Statement 50 Stockholders Equity 15

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$33.12K	USD	Point-in-time
Cash	`Cash`	$54.97K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$100.56K	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
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
Total current assets	`AssetsCurrent`	$127.81K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$156.01K	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`	$2.02K	USD	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`	10.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$157.93K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	745.72M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	757.72M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$120.56K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$129.83K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	757.72M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	745.72M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$379.67K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$362.10K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$391.71K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$333.43K	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.17M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.07M	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$546.21K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$440.00K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$724.31K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$702.32K	USD	Point-in-time
Officers loans payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$154.59K	USD	Point-in-time
Officers loans payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$140.90K	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`	$4.19M	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`	$757.72K	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`	$5.09K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$8.87K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.06M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.81M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-3.48M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-4.03M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-3.78M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-3.36M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$157.93K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$129.83K	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
SALES	`Revenues`	$326.97K	USD	2 Qtrs
SALES	`Revenues`	$240.70K	USD	2 Qtrs
SALES	`Revenues`	$118.06K	USD	1 Quarter
SALES	`Revenues`	$180.76K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$98.61K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$202.26K	USD	2 Qtrs
COST OF SALES	`CostOfRevenue`	$128.45K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$211.99K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$19.45K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$38.44K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$114.98K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$52.31K	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$140.08K	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$225.77K	USD	2 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$157.77K	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$254.43K	USD	2 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$140.08K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$254.43K	USD	2 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$225.77K	USD	2 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$157.77K	USD	1 Quarter
OPERATING (LOSS)	`OperatingIncomeLoss`	$-215.99K	USD	2 Qtrs
OPERATING (LOSS)	`OperatingIncomeLoss`	$-110.79K	USD	2 Qtrs
OPERATING (LOSS)	`OperatingIncomeLoss`	$-138.33K	USD	1 Quarter
OPERATING (LOSS)	`OperatingIncomeLoss`	$-87.77K	USD	1 Quarter
Interest expense	`InterestExpense`	$34.18K	USD	1 Quarter
Interest expense	`InterestExpense`	$18.48K	USD	1 Quarter
Interest expense	`InterestExpense`	$36.97K	USD	2 Qtrs
Interest expense	`InterestExpense`	$58.28K	USD	2 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$22.00K	USD	2 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$34.89K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$1.03K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$18.05K	USD	2 Qtrs
TOTAL OTHER (INCOME) EXPENSE	`NonoperatingIncomeExpense`	$-18.92K	USD	2 Qtrs
TOTAL OTHER (INCOME) EXPENSE	`NonoperatingIncomeExpense`	$-36.28K	USD	2 Qtrs
TOTAL OTHER (INCOME) EXPENSE	`NonoperatingIncomeExpense`	$16.41K	USD	1 Quarter
TOTAL OTHER (INCOME) EXPENSE	`NonoperatingIncomeExpense`	$-33.15K	USD	1 Quarter
NET (LOSS)	`NetIncomeLoss`	$-252.27K	USD	2 Qtrs
NET (LOSS)	`NetIncomeLoss`	$-171.47K	USD	1 Quarter
NET (LOSS)	`NetIncomeLoss`	$-71.36K	USD	1 Quarter
NET (LOSS)	`NetIncomeLoss`	$-129.71K	USD	2 Qtrs
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$221.00	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$8.56K	USD	2 Qtrs
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.26K	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.77K	USD	2 Qtrs
COMPREHENSIVE (LOSS)	`ComprehensiveIncomeNetOfTax`	$-256.04K	USD	2 Qtrs
COMPREHENSIVE (LOSS)	`ComprehensiveIncomeNetOfTax`	$-174.74K	USD	1 Quarter
COMPREHENSIVE (LOSS)	`ComprehensiveIncomeNetOfTax`	$-121.15K	USD	2 Qtrs
COMPREHENSIVE (LOSS)	`ComprehensiveIncomeNetOfTax`	$-71.14K	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	757.72M	shares	2 Qtrs
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	745.72M	shares	2 Qtrs
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	757.72M	shares	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	745.72M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-252.27K	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-171.47K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-71.36K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-129.71K	USD	2 Qtrs
Depreciation	`Depreciation`	$100.00	USD	2 Qtrs
Depreciation	`Depreciation`	$2.74K	USD	2 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$22.00K	USD	2 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$34.89K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$1.03K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$18.05K	USD	2 Qtrs
Debt discount amortization	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
Debt discount amortization	`AmortizationOfDebtDiscountPremium`	$8.40K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.51K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.35K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.26K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$17.57K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-26.86K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$58.28K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$36.97K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$102.00K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$77.90K	USD	2 Qtrs
NET CASH (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-94.27K	USD	2 Qtrs
NET CASH (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-58.25K	USD	2 Qtrs
CASH FLOWS FROM INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
CASH FLOWS FROM INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Proceeds from loan payable	`ProceedsFromLoans`	$115.00K	USD	2 Qtrs
Proceeds from loan payable	`ProceedsFromLoans`	$106.21K	USD	2 Qtrs
Net proceeds from officer loan payable	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Net proceeds from officer loan payable	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$13.69K	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$115.00K	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$119.90K	USD	2 Qtrs
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$56.75K	USD	2 Qtrs
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$25.62K	USD	2 Qtrs
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.77K	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`	$54.97K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$120.56K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$33.12K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$55.26K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$54.97K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$120.56K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$33.12K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$55.26K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Common Stock issued in connection with debt	`StockIssued1`	$8.40K	USD	2 Qtrs
Common Stock issued in connection with debt	`StockIssued1`	-	USD	2 Qtrs

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-3.48M	USD	Point-in-time
Balance	`StockholdersEquity`	$-4.03M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.78M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.36M	USD	Point-in-time
Common Stock issued in connection with debt	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$8.40K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-252.27K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-171.47K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-71.36K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-129.71K	USD	2 Qtrs
Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-3.77K	USD	2 Qtrs
Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$8.56K	USD	2 Qtrs
Balance	`StockholdersEquity`	$-3.48M	USD	Point-in-time
Balance	`StockholdersEquity`	$-4.03M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.78M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.36M	USD	Point-in-time

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