10-K Filing

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

Filing Information

Form Type	10-K
Accession Number	`0001185185-21-001609`
Period End Date	20210831
Filing Date	20211105
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	dbmm-20210831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 32 Cash Flow Statement 46 Stockholders Equity 24

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$34.46K	USD	Point-in-time
Cash	`Cash`	$9.79K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$15.33K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$16.25K	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`	$26.51K	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
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$1.98K	USD	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$1.42K	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
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
TOTAL ASSETS	`Assets`	$27.93K	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`	$657.27K	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`	$643.33K	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.44M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.44M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$506.36K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$773.68K	USD	Point-in-time
Loans payable, net	`LoansPayableCurrent`	$1.65M	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`	$89.71K	USD	Point-in-time
Convertible debentures, net	`ConvertibleDebtCurrent`	$840.79K	USD	Point-in-time
Convertible debentures, net	`ConvertibleDebtCurrent`	$590.99K	USD	Point-in-time
LiabilitiesCurrent	`LiabilitiesCurrent`	$5.13M	USD	Point-in-time
LiabilitiesCurrent	`LiabilitiesCurrent`	$5.58M	USD	Point-in-time
Loan payable, net of short-term portion	`LongTermLoansPayable`	$46.19K	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`	$5.62M	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`	$9.53M	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-35.98K	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`	$-15.85M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-5.59M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-5.13M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$52.24K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$27.93K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
SALES	`Revenues`	$268.96K	USD	Annual
SALES	`Revenues`	$171.71K	USD	Annual
COST OF SALES	`CostOfRevenue`	$167.67K	USD	Annual
COST OF SALES	`CostOfRevenue`	$241.66K	USD	Annual
GROSS PROFIT	`GrossProfit`	$27.29K	USD	Annual
GROSS PROFIT	`GrossProfit`	$4.04K	USD	Annual
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$557.43K	USD	Annual
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$434.16K	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$557.43K	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$434.16K	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-553.39K	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-406.87K	USD	Annual
Interest expense	`InterestExpense`	$327.27K	USD	Annual
Interest expense	`InterestExpense`	$318.50K	USD	Annual
Other income	`OtherIncome`	-	USD	Annual
Other income	`OtherIncome`	$12.73K	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$169.84K	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$57.80K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$9.17K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-944.00	USD	Annual
TOTAL OTHER EXPENSES, NET	`NonoperatingIncomeExpense`	$-248.91K	USD	Annual
TOTAL OTHER EXPENSES, NET	`NonoperatingIncomeExpense`	$-148.26K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-701.65K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-655.79K	USD	Annual
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-26.00K	USD	Annual
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-19.20K	USD	Annual
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-720.85K	USD	Annual
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-681.79K	USD	Annual
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	757.72M	shares	Annual
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	757.72M	shares	Annual

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-701.65K	USD	Annual
Net loss	`NetIncomeLoss`	$-655.79K	USD	Annual
Depreciation	`Depreciation`	$558.00	USD	Annual
Depreciation	`Depreciation`	$45.00	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$9.17K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-944.00	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$-1.47K	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$169.84K	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$57.80K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-48.18K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$386.00	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$214.79K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$39.39K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$225.77K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$182.50K	USD	Annual
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$168.40K	USD	Annual
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$3.20K	USD	Annual
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-436.72K	USD	Annual
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-275.60K	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$521.00	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-521.00	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Proceeds from loan payable	`ProceedsFromIssuanceOfDebt`	$347.73K	USD	Annual
Proceeds from loan payable	`ProceedsFromIssuanceOfDebt`	$398.50K	USD	Annual
Officer loans payable	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$12.24K	USD	Annual
Officer loans payable	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-67.09K	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$410.74K	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$280.64K	USD	Annual
HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.31K	USD	Annual
HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashAndCashEquivalents`	$12.38K	USD	Annual
NET INCREASE/(DECREASE) IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$16.90K	USD	Annual
NET INCREASE/(DECREASE) IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-24.67K	USD	Annual
CASH - BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$17.56K	USD	Point-in-time
CASH - BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$9.79K	USD	Point-in-time
CASH - BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$34.46K	USD	Point-in-time
CASH - END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$17.56K	USD	Point-in-time
CASH - END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$9.79K	USD	Point-in-time
CASH - END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$34.46K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Reclassification of liability contracts	`StockIssued1`	$258.15K	USD	Annual
Reclassification of liability contracts	`StockIssued1`	-	USD	Annual

Stockholders Equity 24 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, beginning of period	`AdditionalPaidInCapital`	$9.27M	USD	Point-in-time
Balance, beginning of period	`AdditionalPaidInCapital`	$9.53M	USD	Point-in-time
From liability to equity contracts	`EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity`	-	USD	Annual
From liability to equity contracts	`EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity`	$258.15K	USD	Annual
Balance, end of period	`AdditionalPaidInCapital`	$9.27M	USD	Point-in-time
Balance, end of period	`AdditionalPaidInCapital`	$9.53M	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-35.98K	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.79K	USD	Point-in-time
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-26.00K	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-19.20K	USD	Annual
Balance, end of year	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-35.98K	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`	$-15.85M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-701.65K	USD	Annual
Net loss	`NetIncomeLoss`	$-655.79K	USD	Annual
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-15.14M	USD	Point-in-time
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-15.85M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-5.59M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-5.13M	USD	Point-in-time

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