10-Q Filing

DIGITAL BRAND MEDIA & MARKETING GROUP, INC. CIK: 1127475 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001185185-20-000431`
Period End Date	20200229
Filing Date	20200408
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	dbmm-20200229.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 60 Cash Flow Statement 58 Stockholders Equity 25

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$15.71K	USD	Point-in-time
Cash	`Cash`	$17.56K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$58.17K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$38.66K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$470.00	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`	$54.84K	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
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`	$272.00	USD	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$1.50K	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$55.12K	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`	$157.93K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	745.72M	shares	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`	$378.92K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$298.83K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$559.43K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$452.70K	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.25M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.27M	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$889.27K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$671.42K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$772.73K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$758.65K	USD	Point-in-time
Officers loans payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$83.16K	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`	$4.68M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$4.53M	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	`CommonStocksIncludingAdditionalPaidInCapital`	$10.03M	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	`CommonStocksIncludingAdditionalPaidInCapital`	$10.03M	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.54K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$9.22K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$5.09K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.67M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.49M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-4.45M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-4.03M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-4.63M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$55.12K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$77.71K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
SALES	`Revenues`	$240.80K	USD	2 Qtrs
SALES	`Revenues`	$118.06K	USD	1 Quarter
SALES	`Revenues`	$80.67K	USD	1 Quarter
SALES	`Revenues`	$240.70K	USD	2 Qtrs
COST OF SALES	`CostOfRevenue`	$98.61K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$92.06K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$193.34K	USD	2 Qtrs
COST OF SALES	`CostOfRevenue`	$202.26K	USD	2 Qtrs
GROSS (LOSS) PROFIT	`GrossProfit`	$47.46K	USD	2 Qtrs
GROSS (LOSS) PROFIT	`GrossProfit`	$38.44K	USD	2 Qtrs
GROSS (LOSS) PROFIT	`GrossProfit`	$-11.39K	USD	1 Quarter
GROSS (LOSS) PROFIT	`GrossProfit`	$19.45K	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$252.39K	USD	2 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$157.77K	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$254.43K	USD	2 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$94.37K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$192.98K	USD	2 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$59.41K	USD	2 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$157.77K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$94.37K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$254.43K	USD	2 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-105.76K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-215.99K	USD	2 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-11.95K	USD	2 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-138.33K	USD	1 Quarter
Interest expense	`InterestExpense`	$178.74K	USD	2 Qtrs
Interest expense	`InterestExpense`	$34.18K	USD	1 Quarter
Interest expense	`InterestExpense`	$67.59K	USD	1 Quarter
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`	$1.03K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$14.08K	USD	2 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$10.48K	USD	1 Quarter
TOTAL OTHER EXPENSE	`NonoperatingIncomeExpense`	$-164.65K	USD	2 Qtrs
TOTAL OTHER EXPENSE	`NonoperatingIncomeExpense`	$-57.11K	USD	1 Quarter
TOTAL OTHER EXPENSE	`NonoperatingIncomeExpense`	$-33.15K	USD	1 Quarter
TOTAL OTHER EXPENSE	`NonoperatingIncomeExpense`	$-36.28K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-252.27K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-171.47K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-176.60K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-162.87K	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.47K	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.26K	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.67K	USD	2 Qtrs
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.77K	USD	2 Qtrs
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-164.34K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-256.04K	USD	2 Qtrs
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-179.27K	USD	2 Qtrs
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-174.74K	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 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	2 Qtrs
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	757.72M	shares	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	757.72M	shares	2 Qtrs

Cash Flow Statement 58 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`	$-176.60K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-162.87K	USD	1 Quarter
Depreciation	`Depreciation`	$100.00	USD	2 Qtrs
Depreciation	`Depreciation`	$1.75K	USD	2 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$22.00K	USD	2 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$1.03K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$14.08K	USD	2 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$10.48K	USD	1 Quarter
Debt discount amortization	`AmortizationOfDebtDiscountPremium`	$8.40K	USD	2 Qtrs
Debt discount amortization	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$192.98K	USD	2 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-16.36K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.35K	USD	2 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	-	USD	2 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$1.29K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.96K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$17.57K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$106.74K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$58.28K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$102.00K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$102.00K	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-94.27K	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-160.49K	USD	2 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$521.00	USD	2 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-521.00	USD	2 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Proceeds from loan payable	`ProceedsFromIssuanceOfDebt`	$106.21K	USD	2 Qtrs
Proceeds from loan payable	`ProceedsFromIssuanceOfDebt`	$217.84K	USD	2 Qtrs
Officer loans payable (net repayments) net proceeds	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$13.69K	USD	2 Qtrs
Officer loans payable (net repayments) net proceeds	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-59.27K	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$119.90K	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$158.57K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$25.62K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.44K	USD	2 Qtrs
HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.77K	USD	2 Qtrs
HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$584.00	USD	2 Qtrs
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$54.97K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$15.71K	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`	$54.97K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$15.71K	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	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 25 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period	`CommonStocksIncludingAdditionalPaidInCapital`	$10.03M	USD	Point-in-time
Balance, beginning of period	`CommonStocksIncludingAdditionalPaidInCapital`	$10.03M	USD	Point-in-time
Balance, end of period	`CommonStocksIncludingAdditionalPaidInCapital`	$10.03M	USD	Point-in-time
Balance, end of period	`CommonStocksIncludingAdditionalPaidInCapital`	$10.03M	USD	Point-in-time
Balance, beginning of period	`RetainedEarningsAccumulatedDeficit`	$-14.67M	USD	Point-in-time
Balance, beginning of period	`RetainedEarningsAccumulatedDeficit`	$-14.49M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-252.27K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-171.47K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-176.60K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-162.87K	USD	1 Quarter
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-14.67M	USD	Point-in-time
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-14.49M	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.54K	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$9.22K	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$5.09K	USD	Point-in-time
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.47K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.26K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.67K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.77K	USD	2 Qtrs
Balance, end of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.54K	USD	Point-in-time
Balance, end of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$9.22K	USD	Point-in-time
Balance, end of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$5.09K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-4.45M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-4.03M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-4.63M	USD	Point-in-time

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