10-Q Filing

DIGITAL BRAND MEDIA & MARKETING GROUP, INC. CIK: 1127475 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001185185-19-000971`
Period End Date	20190531
Filing Date	20190712
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	dbmm-20190531.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 56 Cash Flow Statement 50 Stockholders Equity 19

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$33.12K	USD	Point-in-time
Cash	`Cash`	$20.75K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$87.56K	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
Total current assets	`AssetsCurrent`	$127.81K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$108.79K	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`	$1.81K	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	10.00M	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`	$85.14K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$110.60K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$129.83K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	757.72M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	745.72M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	757.72M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$356.32K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$362.10K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$423.85K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$333.43K	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.07M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.22M	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$440.00K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$611.73K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$724.31K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$736.72K	USD	Point-in-time
Officers loans payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$154.75K	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`	$4.35M	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`	$757.72K	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`	$4.05K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.27M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.81M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-4.24M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-3.78M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-3.64M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$110.60K	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`	$88.50K	USD	1 Quarter
SALES	`Revenues`	$415.47K	USD	3 Qtrs
SALES	`Revenues`	$88.53K	USD	1 Quarter
SALES	`Revenues`	$329.23K	USD	3 Qtrs
COST OF SALES	`CostOfRevenue`	$313.52K	USD	3 Qtrs
COST OF SALES	`CostOfRevenue`	$101.53K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$303.23K	USD	3 Qtrs
COST OF SALES	`CostOfRevenue`	$100.97K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$-12.44K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$-13.03K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$26.00K	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$101.95K	USD	3 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$381.61K	USD	3 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$127.18K	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$366.34K	USD	3 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$140.57K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$381.61K	USD	3 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$366.34K	USD	3 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$127.18K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$140.57K	USD	1 Quarter
OPERATING (LOSS)	`OperatingIncomeLoss`	$-355.61K	USD	3 Qtrs
OPERATING (LOSS)	`OperatingIncomeLoss`	$-139.62K	USD	1 Quarter
OPERATING (LOSS)	`OperatingIncomeLoss`	$-153.60K	USD	1 Quarter
OPERATING (LOSS)	`OperatingIncomeLoss`	$-264.39K	USD	3 Qtrs
Interest expense	`InterestExpense`	$20.05K	USD	1 Quarter
Interest expense	`InterestExpense`	$32.14K	USD	1 Quarter
Interest expense	`InterestExpense`	$57.02K	USD	3 Qtrs
Interest expense	`InterestExpense`	$90.42K	USD	3 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$33.88K	USD	3 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$15.83K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-12.41K	USD	3 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-34.41K	USD	1 Quarter
TOTAL OTHER (INCOME) EXPENSE	`NonoperatingIncomeExpense`	$-102.83K	USD	3 Qtrs
TOTAL OTHER (INCOME) EXPENSE	`NonoperatingIncomeExpense`	$-23.14K	USD	3 Qtrs
TOTAL OTHER (INCOME) EXPENSE	`NonoperatingIncomeExpense`	$-4.22K	USD	1 Quarter
TOTAL OTHER (INCOME) EXPENSE	`NonoperatingIncomeExpense`	$-66.55K	USD	1 Quarter
NET (LOSS)	`NetIncomeLoss`	$-157.82K	USD	1 Quarter
NET (LOSS)	`NetIncomeLoss`	$-458.44K	USD	3 Qtrs
NET (LOSS)	`NetIncomeLoss`	$-206.17K	USD	1 Quarter
NET (LOSS)	`NetIncomeLoss`	$-287.53K	USD	3 Qtrs
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.05K	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$481.00	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$9.04K	USD	3 Qtrs
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.82K	USD	3 Qtrs
COMPREHENSIVE (LOSS)	`ComprehensiveIncomeNetOfTax`	$-278.49K	USD	3 Qtrs
COMPREHENSIVE (LOSS)	`ComprehensiveIncomeNetOfTax`	$-157.34K	USD	1 Quarter
COMPREHENSIVE (LOSS)	`ComprehensiveIncomeNetOfTax`	$-207.22K	USD	1 Quarter
COMPREHENSIVE (LOSS)	`ComprehensiveIncomeNetOfTax`	$-463.26K	USD	3 Qtrs
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 Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	745.72M	shares	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	757.72M	shares	3 Qtrs
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	745.72M	shares	3 Qtrs
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	757.72M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-157.82K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-458.44K	USD	3 Qtrs
Net (loss)	`NetIncomeLoss`	$-206.17K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-287.53K	USD	3 Qtrs
Depreciation	`Depreciation`	$102.00	USD	3 Qtrs
Depreciation	`Depreciation`	$210.00	USD	3 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$33.88K	USD	3 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$15.83K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-12.41K	USD	3 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-34.41K	USD	1 Quarter
Debt discount amortization	`AmortizationOfDebtDiscountPremium`	-	USD	3 Qtrs
Debt discount amortization	`AmortizationOfDebtDiscountPremium`	$8.40K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-20.51K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.65K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.01K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-5.78K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-55.99K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$57.02K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$90.42K	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$153.00K	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$127.59K	USD	3 Qtrs
NET CASH (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-171.16K	USD	3 Qtrs
NET CASH (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-193.12K	USD	3 Qtrs
CASH FLOWS FROM INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
CASH FLOWS FROM INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Proceeds from loan payable	`ProceedsFromLoans`	$192.00K	USD	3 Qtrs
Proceeds from loan payable	`ProceedsFromLoans`	$171.73K	USD	3 Qtrs
Net proceeds from officer loan payable	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
Net proceeds from officer loan payable	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$13.85K	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$192.00K	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$185.58K	USD	3 Qtrs
NET (DECREASE) INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$20.84K	USD	3 Qtrs
NET (DECREASE) INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.54K	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`	$-4.82K	USD	3 Qtrs
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$33.12K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$20.75K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$55.26K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$85.14K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$33.12K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$20.75K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$55.26K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$85.14K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Common Stock issued in connection with debt	`StockIssued1`	$8.40K	USD	3 Qtrs
Common Stock issued in connection with debt	`StockIssued1`	-	USD	3 Qtrs

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period	`RetainedEarningsAccumulatedDeficit`	$-14.27M	USD	Point-in-time
Balance, beginning of period	`RetainedEarningsAccumulatedDeficit`	$-13.81M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-157.82K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-458.44K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-206.17K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-287.53K	USD	3 Qtrs
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-14.27M	USD	Point-in-time
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-13.81M	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$8.87K	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.05K	USD	Point-in-time
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.05K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$481.00	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$9.04K	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.82K	USD	3 Qtrs
Balance, end of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$8.87K	USD	Point-in-time
Balance, end of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.05K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-4.24M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-3.78M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-3.64M	USD	Point-in-time

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