10-Q Filing

DIGITAL BRAND MEDIA & MARKETING GROUP, INC. CIK: 1127475 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001185185-20-000998`
Period End Date	20200531
Filing Date	20200714
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	dbmm-20200531.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 64 Cash Flow Statement 58 Stockholders Equity 25

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$73.91K	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`	$24.39K	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
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`	$98.77K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	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
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$1.50K	USD	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	-	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, shares issued	`CommonStockSharesIssued`	757.72M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$110.60K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$77.71K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$98.77K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	757.72M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	757.72M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	757.72M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$286.27K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$378.92K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$613.85K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$452.70K	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.29M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.27M	USD	Point-in-time
Loans payable, net	`LoansPayableCurrent`	$671.42K	USD	Point-in-time
Loans payable, net	`LoansPayableCurrent`	$929.27K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$763.24K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$772.73K	USD	Point-in-time
Officers loans payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$83.31K	USD	Point-in-time
Officers loans payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$142.43K	USD	Point-in-time
Convertible debentures, net	`ConvertibleDebtCurrent`	$840.79K	USD	Point-in-time
Convertible debentures, net	`ConvertibleDebtCurrent`	$840.79K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.53M	USD	Point-in-time
Loan payable, net of short-term portion	`LongTermLoansPayable`	-	USD	Point-in-time
Loan payable, net of short-term portion	`LongTermLoansPayable`	$49.38K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$4.53M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$4.86M	USD	Point-in-time
Common stock, par value .001; authorized 2,000,000,000 shares; 757,718,631, and 757,718,631, shares issued and outstanding, and additional paid in capital	`CommonStocksIncludingAdditionalPaidInCapital`	$10.03M	USD	Point-in-time
Common stock, par value .001; authorized 2,000,000,000 shares; 757,718,631, and 757,718,631, shares issued and outstanding, and additional paid in capital	`CommonStocksIncludingAdditionalPaidInCapital`	$10.03M	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.75K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.05K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$9.22K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.49M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.79M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-4.76M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-4.24M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-4.45M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$98.77K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$77.71K	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
SALES	`Revenues`	$88.53K	USD	1 Quarter
SALES	`Revenues`	$329.23K	USD	3 Qtrs
SALES	`Revenues`	$322.80K	USD	3 Qtrs
SALES	`Revenues`	$82.00K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$47.24K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$303.23K	USD	3 Qtrs
COST OF SALES	`CostOfRevenue`	$100.97K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$240.58K	USD	3 Qtrs
GROSS (LOSS) PROFIT	`GrossProfit`	$-12.44K	USD	1 Quarter
GROSS (LOSS) PROFIT	`GrossProfit`	$82.22K	USD	3 Qtrs
GROSS (LOSS) PROFIT	`GrossProfit`	$26.00K	USD	3 Qtrs
GROSS (LOSS) PROFIT	`GrossProfit`	$34.76K	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$127.18K	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$381.61K	USD	3 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$345.25K	USD	3 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$92.86K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$192.98K	USD	3 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$152.27K	USD	3 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$381.61K	USD	3 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$127.18K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$92.86K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-139.62K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-58.10K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-355.61K	USD	3 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-70.05K	USD	3 Qtrs
Interest expense	`InterestExpense`	$257.15K	USD	3 Qtrs
Interest expense	`InterestExpense`	$78.41K	USD	1 Quarter
Interest expense	`InterestExpense`	$32.14K	USD	1 Quarter
Interest expense	`InterestExpense`	$90.42K	USD	3 Qtrs
Other income	`OtherNoncashIncomeExpense`	-	USD	3 Qtrs
Other income	`OtherNoncashIncomeExpense`	-	USD	1 Quarter
Other income	`OtherNoncashIncomeExpense`	$12.58K	USD	1 Quarter
Other income	`OtherNoncashIncomeExpense`	$12.58K	USD	3 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$9.49K	USD	3 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-4.59K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-34.41K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-12.41K	USD	3 Qtrs
TOTAL OTHER EXPENSE	`NonoperatingIncomeExpense`	$-235.08K	USD	3 Qtrs
TOTAL OTHER EXPENSE	`NonoperatingIncomeExpense`	$-66.55K	USD	1 Quarter
TOTAL OTHER EXPENSE	`NonoperatingIncomeExpense`	$-102.83K	USD	3 Qtrs
TOTAL OTHER EXPENSE	`NonoperatingIncomeExpense`	$-70.43K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-458.44K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-305.13K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-206.17K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-128.53K	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.47K	USD	3 Qtrs
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$200.00	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.82K	USD	3 Qtrs
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.05K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-463.26K	USD	3 Qtrs
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-207.22K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-128.33K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-307.60K	USD	3 Qtrs
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 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	3 Qtrs
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	757.72M	shares	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	757.72M	shares	3 Qtrs
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	757.72M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-458.44K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-305.13K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-206.17K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-128.53K	USD	1 Quarter
Depreciation	`Depreciation`	$2.02K	USD	3 Qtrs
Depreciation	`Depreciation`	$210.00	USD	3 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$9.49K	USD	3 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-4.59K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-34.41K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-12.41K	USD	3 Qtrs
Debt discount amortization	`AmortizationOfDebtDiscountPremium`	-	USD	3 Qtrs
Debt discount amortization	`AmortizationOfDebtDiscountPremium`	$8.40K	USD	3 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$192.98K	USD	3 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-30.04K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.65K	USD	3 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	-	USD	3 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$363.00	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-18.75K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-5.78K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$90.42K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$161.15K	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$140.50K	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$153.00K	USD	3 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-192.27K	USD	3 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-193.12K	USD	3 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$521.00	USD	3 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	3 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-521.00	USD	3 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Proceeds from loan payable	`ProceedsFromIssuanceOfDebt`	$171.73K	USD	3 Qtrs
Proceeds from loan payable	`ProceedsFromIssuanceOfDebt`	$307.23K	USD	3 Qtrs
Officer loans payable (net repayments) net proceeds	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$13.85K	USD	3 Qtrs
Officer loans payable (net repayments) net proceeds	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-59.12K	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$185.58K	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$248.11K	USD	3 Qtrs
NET INCREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$55.32K	USD	3 Qtrs
NET INCREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-7.54K	USD	3 Qtrs
HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.03K	USD	3 Qtrs
HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-4.82K	USD	3 Qtrs
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$20.75K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$17.56K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$73.91K	USD	Point-in-time
CASH - BEGINNING 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`	$17.56K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$73.91K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$33.12K	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`	-	USD	3 Qtrs
Common Stock issued in connection with debt	`StockIssued1`	$8.40K	USD	3 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`	$-14.49M	USD	Point-in-time
Balance, beginning of period	`RetainedEarningsAccumulatedDeficit`	$-14.79M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-458.44K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-305.13K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-206.17K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-128.53K	USD	1 Quarter
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-14.49M	USD	Point-in-time
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-14.79M	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.75K	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.05K	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$9.22K	USD	Point-in-time
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.47K	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$200.00	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.82K	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.05K	USD	1 Quarter
Balance, end of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.75K	USD	Point-in-time
Balance, end of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.05K	USD	Point-in-time
Balance, end of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$9.22K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-4.76M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-4.24M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-4.45M	USD	Point-in-time

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