10-K Filing

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

Filing Information

Form Type	10-K
Accession Number	`0001185185-19-001663`
Period End Date	20190831
Filing Date	20191127
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	dbmm-20190831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 28 Cash Flow Statement 50 Stockholders Equity 14

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$17.56K	USD	Point-in-time
Cash	`Cash`	$33.12K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$94.21K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$58.17K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$480.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$470.00	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
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$76.20K	USD	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$1.50K	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
Common stock, authorized shares	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$2.02K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$77.71K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	745.72M	shares	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`	$362.10K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$378.92K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$333.43K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$452.70K	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.27M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.07M	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$671.42K	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`	$772.73K	USD	Point-in-time
Officers loans payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$140.90K	USD	Point-in-time
Officers loans payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$142.43K	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`	$4.53M	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`	$9.22K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$8.87K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.49M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.81M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-4.45M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-3.78M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$77.71K	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`	$415.66K	USD	Annual
SALES	`Revenues`	$536.50K	USD	Annual
COST OF SALES	`CostOfRevenue`	$382.79K	USD	Annual
COST OF SALES	`CostOfRevenue`	$428.55K	USD	Annual
GROSS PROFIT	`GrossProfit`	$107.95K	USD	Annual
GROSS PROFIT	`GrossProfit`	$32.87K	USD	Annual
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$516.94K	USD	Annual
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$502.77K	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$516.94K	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$502.77K	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-484.07K	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-394.82K	USD	Annual
Interest expense	`InterestExpense`	$143.97K	USD	Annual
Interest expense	`InterestExpense`	$78.23K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$16.64K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-48.42K	USD	Annual
TOTAL OTHER (INCOME) EXPENSE	`NonoperatingIncomeExpense`	$-61.59K	USD	Annual
TOTAL OTHER (INCOME) EXPENSE	`NonoperatingIncomeExpense`	$-192.39K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-456.41K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-676.46K	USD	Annual
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$33.83K	USD	Annual
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$351.00	USD	Annual
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-676.11K	USD	Annual
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-422.58K	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`	757.72M	shares	Annual

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-456.41K	USD	Annual
Net loss	`NetIncomeLoss`	$-676.46K	USD	Annual
Depreciation	`Depreciation`	$546.00	USD	Annual
Depreciation	`Depreciation`	$1.58K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$16.64K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-48.42K	USD	Annual
Debt discount amortization	`AmortizationOfDebtDiscountPremium`	$8.40K	USD	Annual
Debt discount amortization	`AmortizationOfDebtDiscountPremium`	-	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$25.11K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-11.78K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$35.88K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-10.00	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`	$10.95K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$78.23K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$119.27K	USD	Annual
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$204.00K	USD	Annual
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$187.51K	USD	Annual
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-246.95K	USD	Annual
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-242.30K	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.72K	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.06K	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-1.06K	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-1.72K	USD	Annual
Proceeds from loan payable	`ProceedsFromIssuanceOfDebt`	$231.42K	USD	Annual
Proceeds from loan payable	`ProceedsFromIssuanceOfDebt`	$135.00K	USD	Annual
Net proceeds from officer loan payable	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$1.53K	USD	Annual
Net proceeds from officer loan payable	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$118.05K	USD	Annual
Principal repayment on loans payable	`RepaymentsOfLongTermDebt`	-	USD	Annual
Principal repayment on loans payable	`RepaymentsOfLongTermDebt`	$65.00K	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$188.04K	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$232.96K	USD	Annual
NET DECREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-15.06K	USD	Annual
NET DECREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-55.97K	USD	Annual
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-496.00	USD	Annual
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$33.83K	USD	Annual
CASH - BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$17.56K	USD	Point-in-time
CASH - BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$33.12K	USD	Point-in-time
CASH - BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$55.26K	USD	Point-in-time
CASH - END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$17.56K	USD	Point-in-time
CASH - END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$33.12K	USD	Point-in-time
CASH - END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$55.26K	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
Common Stock issued in connection with debt	`StockIssued1`	$8.40K	USD	Annual
Common Stock issued in connection with debt	`StockIssued1`	-	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period	`RetainedEarningsAccumulatedDeficit`	$-14.49M	USD	Point-in-time
Balance, beginning of period	`RetainedEarningsAccumulatedDeficit`	$-13.81M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-456.41K	USD	Annual
Net loss	`NetIncomeLoss`	$-676.46K	USD	Annual
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-14.49M	USD	Point-in-time
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-13.81M	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$9.22K	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$8.87K	USD	Point-in-time
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$33.83K	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$351.00	USD	Annual
Balance, end of year	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$9.22K	USD	Point-in-time
Balance, end of year	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$8.87K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-4.45M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-3.78M	USD	Point-in-time

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