10-Q Filing

DIGITAL BRAND MEDIA & MARKETING GROUP, INC. CIK: 1127475 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001185185-20-000042`
Period End Date	20191130
Filing Date	20200114
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	dbmm-20191130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 30 Cash Flow Statement 46 Stockholders Equity 17

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$17.56K	USD	Point-in-time
Cash	`Cash`	$63.54K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$31.47K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$58.17K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$470.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$457.00	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
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$95.46K	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`	$1.50K	USD	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$1.23K	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	745.72M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$96.69K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	757.72M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$77.71K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$145.08K	USD	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`	$378.92K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$347.42K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$452.70K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$491.84K	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.27M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.20M	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$671.42K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$806.87K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$769.13K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$772.73K	USD	Point-in-time
Officers loans payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$142.43K	USD	Point-in-time
Officers loans payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$103.72K	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`	$4.56M	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`	$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`	$8.35K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$8.01K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.50M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.49M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-3.86M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-4.45M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-4.46M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$96.69K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$77.71K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
SALES	`Revenues`	$160.13K	USD	1 Quarter
SALES	`Revenues`	$122.64K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$101.28K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$103.65K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$18.99K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$58.85K	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$96.65K	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$158.02K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$192.98K	USD	1 Quarter
TOTAL OPERATING (GAIN) EXPENSES	`OperatingExpenses`	$-34.96K	USD	1 Quarter
TOTAL OPERATING (GAIN) EXPENSES	`OperatingExpenses`	$96.65K	USD	1 Quarter
OPERATING GAIN (LOSS)	`OperatingIncomeLoss`	$-77.66K	USD	1 Quarter
OPERATING GAIN (LOSS)	`OperatingIncomeLoss`	$93.81K	USD	1 Quarter
Interest expense	`InterestExpense`	$111.14K	USD	1 Quarter
Interest expense	`InterestExpense`	$24.10K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$3.60K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$20.96K	USD	1 Quarter
TOTAL OTHER EXPENSE	`NonoperatingIncomeExpense`	$-107.54K	USD	1 Quarter
TOTAL OTHER EXPENSE	`NonoperatingIncomeExpense`	$-3.13K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-80.80K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-13.73K	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.20K	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-512.00	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-14.93K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-81.31K	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`	757.72M	shares	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	745.72M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-80.80K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-13.73K	USD	1 Quarter
Depreciation	`Depreciation`	$273.00	USD	1 Quarter
Depreciation	`Depreciation`	$99.00	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$3.60K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$20.96K	USD	1 Quarter
Debt discount amortization	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Debt discount amortization	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$192.98K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-26.64K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.82K	USD	1 Quarter
Provision for bad debt	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$1.52K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-28.75K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$43.62K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$24.10K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$39.14K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$51.00K	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`	$-48.12K	USD	1 Quarter
Proceeds from loan payable	`ProceedsFromIssuanceOfDebt`	$135.44K	USD	1 Quarter
Proceeds from loan payable	`ProceedsFromIssuanceOfDebt`	$51.08K	USD	1 Quarter
Officer loans payable (net repayments) net proceeds	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-38.71K	USD	1 Quarter
Officer loans payable (net repayments) net proceeds	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$20.09K	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$71.17K	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$96.73K	USD	1 Quarter
NET INCREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$11.05K	USD	1 Quarter
NET INCREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$48.62K	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`	$-2.64K	USD	1 Quarter
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$63.54K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$43.65K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$33.12K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$17.56K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$63.54K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$43.65K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$33.12K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$17.56K	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
Common Stock issued in connection with debt	`StockIssued1`	-	USD	1 Quarter
Common Stock issued in connection with debt	`StockIssued1`	-	USD	1 Quarter

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period	`RetainedEarningsAccumulatedDeficit`	$-14.50M	USD	Point-in-time
Balance, beginning of period	`RetainedEarningsAccumulatedDeficit`	$-14.49M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-80.80K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-13.73K	USD	1 Quarter
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-14.50M	USD	Point-in-time
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-14.49M	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$9.22K	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$8.35K	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$8.01K	USD	Point-in-time
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.20K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-512.00	USD	1 Quarter
Balance, end of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$9.22K	USD	Point-in-time
Balance, end of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$8.35K	USD	Point-in-time
Balance, end of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$8.01K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-3.86M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-4.45M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-4.46M	USD	Point-in-time

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