10-Q Filing

DIGITAL BRAND MEDIA & MARKETING GROUP, INC. CIK: 1127475 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001185185-21-000495`
Period End Date	20210228
Filing Date	20210412
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	dbmm-20210228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 60 Cash Flow Statement 54 Stockholders Equity 27

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$34.46K	USD	Point-in-time
Cash	`Cash`	$50.46K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$15.33K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$11.80K	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`	$62.73K	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`	$1.98K	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$1.42K	USD	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`	$52.24K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	757.72M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$64.15K	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`	$516.69K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$438.25K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$587.40K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$690.85K	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.44M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.42M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$773.68K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$701.50K	USD	Point-in-time
Loans payable, net	`LoansPayableCurrent`	$1.25M	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`	$75.83K	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`	$5.50M	USD	Point-in-time
Loan payable, net of short-term portion	`LongTermLoansPayable`	$48.24K	USD	Point-in-time
Loan payable, net of short-term portion	`LongTermLoansPayable`	$49.66K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$5.18M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$5.55M	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`	$-41.73K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.54K	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`	$-15.47M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-5.13M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-5.49M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-4.63M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$64.15K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$52.24K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
SALES	`Revenues`	$240.80K	USD	2 Qtrs
SALES	`Revenues`	$80.67K	USD	1 Quarter
SALES	`Revenues`	$75.08K	USD	2 Qtrs
SALES	`Revenues`	$38.12K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$99.74K	USD	2 Qtrs
COST OF SALES	`CostOfRevenue`	$9.42K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$92.06K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$193.34K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$-11.39K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$47.46K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$28.70K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$-24.66K	USD	2 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$239.09K	USD	2 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$121.88K	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$252.39K	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 (GAIN) EXPENSES	`OperatingExpenses`	$59.41K	USD	2 Qtrs
TOTAL OPERATING (GAIN) EXPENSES	`OperatingExpenses`	$94.37K	USD	1 Quarter
TOTAL OPERATING (GAIN) EXPENSES	`OperatingExpenses`	$239.09K	USD	2 Qtrs
TOTAL OPERATING (GAIN) EXPENSES	`OperatingExpenses`	$121.88K	USD	1 Quarter
OPERATING GAIN (LOSS)	`OperatingIncomeLoss`	$-93.17K	USD	1 Quarter
OPERATING GAIN (LOSS)	`OperatingIncomeLoss`	$-263.75K	USD	2 Qtrs
OPERATING GAIN (LOSS)	`OperatingIncomeLoss`	$-11.95K	USD	2 Qtrs
OPERATING GAIN (LOSS)	`OperatingIncomeLoss`	$-105.76K	USD	1 Quarter
Interest expense	`OtherIncome`	$-54.92K	USD	1 Quarter
Interest expense	`OtherIncome`	$-137.96K	USD	2 Qtrs
Interest expense	`OtherIncome`	$-178.74K	USD	2 Qtrs
Interest expense	`OtherIncome`	$-67.59K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$72.17K	USD	2 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$66.22K	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 (INCOME) EXPENSE	`NonoperatingIncomeExpense`	$-164.65K	USD	2 Qtrs
TOTAL OTHER (INCOME) EXPENSE	`NonoperatingIncomeExpense`	$-57.11K	USD	1 Quarter
TOTAL OTHER (INCOME) EXPENSE	`NonoperatingIncomeExpense`	$-65.79K	USD	2 Qtrs
TOTAL OTHER (INCOME) EXPENSE	`NonoperatingIncomeExpense`	$11.30K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-81.88K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-176.60K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-162.87K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-329.54K	USD	2 Qtrs
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.47K	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$19.20K	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$17.07K	USD	2 Qtrs
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.67K	USD	2 Qtrs
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-62.68K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-312.47K	USD	2 Qtrs
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-179.27K	USD	2 Qtrs
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-164.34K	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`	757.72M	shares	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	757.72M	shares	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	757.72M	shares	2 Qtrs
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	757.72M	shares	2 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-81.88K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-176.60K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-162.87K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-329.54K	USD	2 Qtrs
Depreciation	`Depreciation`	$558.00	USD	2 Qtrs
Depreciation	`Depreciation`	$1.75K	USD	2 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$72.17K	USD	2 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$66.22K	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
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`	$-3.53K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-16.36K	USD	2 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$1.29K	USD	2 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	-	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.96K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$78.44K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$106.74K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$103.46K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$102.00K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-12.30K	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-160.49K	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-228.02K	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`	$217.84K	USD	2 Qtrs
Proceeds from loan payable	`ProceedsFromIssuanceOfDebt`	$228.17K	USD	2 Qtrs
Officer loans payable	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-1.21K	USD	2 Qtrs
Officer loans payable	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-59.27K	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$226.95K	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$158.57K	USD	2 Qtrs
HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$17.07K	USD	2 Qtrs
HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$584.00	USD	2 Qtrs
NET INCREASE/(DECREASE) IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.85K	USD	2 Qtrs
NET INCREASE/(DECREASE) IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$16.00K	USD	2 Qtrs
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$50.46K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$15.71K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$17.56K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$34.46K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$50.46K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$15.71K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$17.56K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$34.46K	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`	-	USD	2 Qtrs
Common Stock issued in connection with debt	`StockIssued1`	-	USD	2 Qtrs

Stockholders Equity 27 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`	$-41.73K	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.54K	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.79K	USD	Point-in-time
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.47K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$19.20K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$17.07K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.67K	USD	2 Qtrs
Balance, end of year	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-41.73K	USD	Point-in-time
Balance, end of year	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.54K	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`	$-15.47M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-81.88K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-176.60K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-162.87K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-329.54K	USD	2 Qtrs
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-15.14M	USD	Point-in-time
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-15.47M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-5.13M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-5.49M	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.