10-Q Filing

DIGITAL BRAND MEDIA & MARKETING GROUP, INC. CIK: 1127475 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001185185-21-000058`
Period End Date	20201130
Filing Date	20210112
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	dbmm-20201130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 30 Cash Flow Statement 50 Stockholders Equity 23

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$32.72K	USD	Point-in-time
Cash	`Cash`	$34.46K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$15.18K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$15.33K	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`	$48.37K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$50.26K	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
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$1.71K	USD	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$1.98K	USD	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`	$52.24K	USD	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`	$50.08K	USD	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`	$438.25K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$540.81K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$635.94K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$587.40K	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.42M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.44M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$767.72K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$773.68K	USD	Point-in-time
Loans payable, net	`LoansPayableCurrent`	$1.10M	USD	Point-in-time
Loans payable, net	`LoansPayableCurrent`	$980.11K	USD	Point-in-time
Officers loans payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$77.04K	USD	Point-in-time
Officers loans payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$76.03K	USD	Point-in-time
Convertible debentures, net	`ConvertibleDebtCurrent`	$840.79K	USD	Point-in-time
Convertible debentures, net	`ConvertibleDebtCurrent`	$840.79K	USD	Point-in-time
LiabilitiesCurrent	`LiabilitiesCurrent`	$5.13M	USD	Point-in-time
LiabilitiesCurrent	`LiabilitiesCurrent`	$5.38M	USD	Point-in-time
Loan payable, net of short-term portion	`LongTermLoansPayable`	$49.66K	USD	Point-in-time
Loan payable, net of short-term portion	`LongTermLoansPayable`	$50.17K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$5.18M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$5.43M	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	`CommonStockValue`	$757.72K	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	`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`	$-18.91K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$8.01K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.79K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.39M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-5.13M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-4.46M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-5.38M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$52.24K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$50.08K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
SALES	`Revenues`	$36.97K	USD	1 Quarter
SALES	`Revenues`	$160.13K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$90.32K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$101.28K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$-53.36K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$58.85K	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$158.02K	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$117.22K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$192.98K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
TOTAL OPERATING (GAIN) EXPENSES	`OperatingExpenses`	$117.22K	USD	1 Quarter
TOTAL OPERATING (GAIN) EXPENSES	`OperatingExpenses`	$-34.96K	USD	1 Quarter
OPERATING GAIN (LOSS)	`OperatingIncomeLoss`	$93.81K	USD	1 Quarter
OPERATING GAIN (LOSS)	`OperatingIncomeLoss`	$-170.58K	USD	1 Quarter
Interest expense	`OtherIncome`	$-111.14K	USD	1 Quarter
Interest expense	`OtherIncome`	$-83.04K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$3.60K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$5.96K	USD	1 Quarter
TOTAL OTHER EXPENSE	`NonoperatingIncomeExpense`	$-77.08K	USD	1 Quarter
TOTAL OTHER EXPENSE	`NonoperatingIncomeExpense`	$-107.54K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-13.73K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-247.66K	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.20K	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.13K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-14.93K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-249.79K	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 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-13.73K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-247.66K	USD	1 Quarter
Depreciation	`Depreciation`	$273.00	USD	1 Quarter
Depreciation	`Depreciation`	$200.00	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$3.60K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$5.96K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$192.98K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-111.00	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-26.64K	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`	$101.73K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$43.62K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$48.54K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$39.14K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$51.00K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-18.80K	USD	1 Quarter
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-121.84K	USD	1 Quarter
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-48.12K	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from loan payable	`ProceedsFromIssuanceOfDebt`	$135.44K	USD	1 Quarter
Proceeds from loan payable	`ProceedsFromIssuanceOfDebt`	$122.12K	USD	1 Quarter
Officer loans payable (repayments)	`RepaymentsOfLongTermDebt`	$44.10K	USD	1 Quarter
Officer loans payable (repayments)	`RepaymentsOfLongTermDebt`	$1.02K	USD	1 Quarter
Officer loans payable proceeds	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$5.39K	USD	1 Quarter
Officer loans payable proceeds	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$121.11K	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$96.73K	USD	1 Quarter
HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.01K	USD	1 Quarter
HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.64K	USD	1 Quarter
NET INCREASE/(DECREASE) IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$45.97K	USD	1 Quarter
NET INCREASE/(DECREASE) IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.74K	USD	1 Quarter
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$63.54K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$17.56K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$32.72K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$34.46K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$63.54K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$17.56K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$32.72K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$34.46K	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 23 line items

Line Item	Tag	Value	Unit	Period
Shares, beginning and end of year (in Shares)	`CommonStockSharesOutstanding`	757.72M	shares	Point-in-time
Shares, beginning and end of year (in Shares)	`CommonStockSharesOutstanding`	757.72M	shares	Point-in-time
Balance, beginning and end of year	`CommonStockValue`	$757.72K	USD	Point-in-time
Balance, beginning and end of year	`CommonStockValue`	$757.72K	USD	Point-in-time
Balance, end of period	`AdditionalPaidInCapital`	$9.27M	USD	Point-in-time
Balance, end of period	`AdditionalPaidInCapital`	$9.27M	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.91K	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$8.01K	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.79K	USD	Point-in-time
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.20K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.13K	USD	1 Quarter
Balance, end of year	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.91K	USD	Point-in-time
Balance, end of year	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$8.01K	USD	Point-in-time
Balance, end of year	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.79K	USD	Point-in-time
Balance, beginning of period	`RetainedEarningsAccumulatedDeficit`	$-15.14M	USD	Point-in-time
Balance, beginning of period	`RetainedEarningsAccumulatedDeficit`	$-15.39M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-13.73K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-247.66K	USD	1 Quarter
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-15.14M	USD	Point-in-time
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-15.39M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-5.13M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-4.46M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-5.38M	USD	Point-in-time

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