10-Q Filing

DIGITAL BRAND MEDIA & MARKETING GROUP, INC. CIK: 1127475 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001185185-21-000936`
Period End Date	20210531
Filing Date	20210709
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	dbmm-20210531.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 64 Cash Flow Statement 52 Stockholders Equity 27

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$34.46K	USD	Point-in-time
Cash	`Cash`	$20.45K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$15.33K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$23.40K	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`	$50.26K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$44.32K	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
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$1.98K	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`	$1.42K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$45.74K	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 issued	`CommonStockSharesIssued`	757.72M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$52.24K	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`	$565.76K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$587.40K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$745.17K	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.44M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.43M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$773.68K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$704.81K	USD	Point-in-time
Loans payable, net	`LoansPayableCurrent`	$980.11K	USD	Point-in-time
Loans payable, net	`LoansPayableCurrent`	$1.35M	USD	Point-in-time
Officers loans payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$77.04K	USD	Point-in-time
Officers loans payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$75.95K	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`	$5.72M	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`	$5.77M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$5.18M	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`	$6.75K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.79K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-74.80K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.67M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.14M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-4.76M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-5.13M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-5.72M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$45.74K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$52.24K	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
SALES	`Revenues`	$120.54K	USD	3 Qtrs
SALES	`Revenues`	$322.80K	USD	3 Qtrs
SALES	`Revenues`	$82.00K	USD	1 Quarter
SALES	`Revenues`	$45.46K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$50.42K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$240.58K	USD	3 Qtrs
COST OF SALES	`CostOfRevenue`	$47.24K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$150.16K	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$-29.62K	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$34.76K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$-4.96K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$82.22K	USD	3 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$138.08K	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$377.17K	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`	-	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$192.98K	USD	3 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
TOTAL OPERATING (GAIN) EXPENSES	`OperatingExpenses`	$377.17K	USD	3 Qtrs
TOTAL OPERATING (GAIN) EXPENSES	`OperatingExpenses`	$92.86K	USD	1 Quarter
TOTAL OPERATING (GAIN) EXPENSES	`OperatingExpenses`	$152.27K	USD	3 Qtrs
TOTAL OPERATING (GAIN) EXPENSES	`OperatingExpenses`	$138.08K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-70.05K	USD	3 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-406.79K	USD	3 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-58.10K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-143.04K	USD	1 Quarter
Interest expense	`OtherIncome`	$-54.31K	USD	1 Quarter
Interest expense	`OtherIncome`	$-257.15K	USD	3 Qtrs
Interest expense	`OtherIncome`	$-78.41K	USD	1 Quarter
Interest expense	`OtherIncome`	$-192.27K	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$12.58K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$12.58K	USD	3 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-4.59K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$9.49K	USD	3 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$3.31K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$68.86K	USD	3 Qtrs
TOTAL OTHER EXPENSE	`NonoperatingIncomeExpense`	$-235.08K	USD	3 Qtrs
TOTAL OTHER EXPENSE	`NonoperatingIncomeExpense`	$-70.43K	USD	1 Quarter
TOTAL OTHER EXPENSE	`NonoperatingIncomeExpense`	$-123.41K	USD	3 Qtrs
TOTAL OTHER EXPENSE	`NonoperatingIncomeExpense`	$-51.01K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-194.05K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-530.20K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-128.53K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-305.13K	USD	3 Qtrs
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.47K	USD	3 Qtrs
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-75.08K	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-58.01K	USD	3 Qtrs
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$200.00	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-307.60K	USD	3 Qtrs
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-128.33K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-588.21K	USD	3 Qtrs
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-269.13K	USD	1 Quarter
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 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-194.05K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-530.20K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-128.53K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-305.13K	USD	3 Qtrs
Depreciation	`Depreciation`	$558.00	USD	3 Qtrs
Depreciation	`Depreciation`	$2.02K	USD	3 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-4.59K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$9.49K	USD	3 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$3.31K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$68.86K	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`	$192.98K	USD	3 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.74K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-30.04K	USD	3 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	-	USD	3 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$363.00	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-18.75K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$129.33K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$161.15K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$157.77K	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$140.50K	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-3.30K	USD	3 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-321.45K	USD	3 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-192.27K	USD	3 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	3 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$521.00	USD	3 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-521.00	USD	3 Qtrs
Proceeds from loan payable	`ProceedsFromIssuanceOfDebt`	$307.23K	USD	3 Qtrs
Proceeds from loan payable	`ProceedsFromIssuanceOfDebt`	$307.34K	USD	3 Qtrs
Officer loans payable	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-1.10K	USD	3 Qtrs
Officer loans payable	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-59.12K	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$306.25K	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$248.11K	USD	3 Qtrs
HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.03K	USD	3 Qtrs
HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.19K	USD	3 Qtrs
NET INCREASE/(DECREASE) IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-14.01K	USD	3 Qtrs
NET INCREASE/(DECREASE) IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$56.35K	USD	3 Qtrs
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$17.56K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$20.45K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$73.91K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$34.46K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$17.56K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$20.45K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$73.91K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$34.46K	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

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`	$6.75K	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.79K	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-74.80K	USD	Point-in-time
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.47K	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-75.08K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-58.01K	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$200.00	USD	1 Quarter
Balance, end of year	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.75K	USD	Point-in-time
Balance, end of year	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.79K	USD	Point-in-time
Balance, end of year	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-74.80K	USD	Point-in-time
Balance, beginning of period	`RetainedEarningsAccumulatedDeficit`	$-15.67M	USD	Point-in-time
Balance, beginning of period	`RetainedEarningsAccumulatedDeficit`	$-15.14M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-194.05K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-530.20K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-128.53K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-305.13K	USD	3 Qtrs
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-15.67M	USD	Point-in-time
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-15.14M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-4.76M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-5.13M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-5.72M	USD	Point-in-time

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