10-Q Filing

DIGITAL BRAND MEDIA & MARKETING GROUP, INC. CIK: 1127475 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001185185-22-000421`
Period End Date	20220228
Filing Date	20220412
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	dbmm20220228_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 68 Cash Flow Statement 48 Stockholders Equity 27

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$9.79K	USD	Point-in-time
Cash	`Cash`	$30.20K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$16.25K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$931.00	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
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`	$31.60K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$26.51K	USD	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$1.42K	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
TOTAL ASSETS	`Assets`	$27.93K	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`	$64.15K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$33.02K	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`	$721.06K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$657.27K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$643.33K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$770.07K	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`	$222.36K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$506.36K	USD	Point-in-time
Loans payable, net	`LoansPayableCurrent`	$1.82M	USD	Point-in-time
Loans payable, net	`LoansPayableCurrent`	$1.65M	USD	Point-in-time
Officers loans payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$89.71K	USD	Point-in-time
Officers loans payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$97.30K	USD	Point-in-time
Convertible debentures, net	`ConvertibleDebtCurrent`	$590.99K	USD	Point-in-time
Convertible debentures, net	`ConvertibleDebtCurrent`	$590.99K	USD	Point-in-time
LiabilitiesCurrent	`LiabilitiesCurrent`	$5.58M	USD	Point-in-time
LiabilitiesCurrent	`LiabilitiesCurrent`	$5.66M	USD	Point-in-time
Loan payable, net of short-term portion	`LongTermLoansPayable`	$45.76K	USD	Point-in-time
Loan payable, net of short-term portion	`LongTermLoansPayable`	$46.19K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$5.70M	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`	$9.53M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$9.53M	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$7.99K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-41.73K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-35.98K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.85M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.97M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-5.49M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-5.59M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-5.67M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$33.02K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$27.93K	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$39.26K	USD	1 Quarter
REVENUES	`Revenues`	$96.85K	USD	2 Qtrs
REVENUES	`Revenues`	$38.12K	USD	1 Quarter
REVENUES	`Revenues`	$75.08K	USD	2 Qtrs
COST OF REVENUES	`CostOfRevenue`	$32.12K	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$99.74K	USD	2 Qtrs
COST OF REVENUES	`CostOfRevenue`	$71.87K	USD	2 Qtrs
COST OF REVENUES	`CostOfRevenue`	$9.42K	USD	1 Quarter
GROSS PROFIT (LOSS)	`GrossProfit`	$28.70K	USD	1 Quarter
GROSS PROFIT (LOSS)	`GrossProfit`	$24.97K	USD	2 Qtrs
GROSS PROFIT (LOSS)	`GrossProfit`	$-24.66K	USD	2 Qtrs
GROSS PROFIT (LOSS)	`GrossProfit`	$7.14K	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$151.53K	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$317.46K	USD	2 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$239.09K	USD	2 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$121.88K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$121.88K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$151.53K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$317.46K	USD	2 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$239.09K	USD	2 Qtrs
OPERATING (LOSS)	`OperatingIncomeLoss`	$-144.38K	USD	1 Quarter
OPERATING (LOSS)	`OperatingIncomeLoss`	$-292.48K	USD	2 Qtrs
OPERATING (LOSS)	`OperatingIncomeLoss`	$-93.17K	USD	1 Quarter
OPERATING (LOSS)	`OperatingIncomeLoss`	$-263.75K	USD	2 Qtrs
Interest expense	`InterestExpense`	$54.92K	USD	1 Quarter
Interest expense	`InterestExpense`	$137.96K	USD	2 Qtrs
Interest expense	`InterestExpense`	$128.17K	USD	1 Quarter
Interest expense	`InterestExpense`	$211.64K	USD	2 Qtrs
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	-	USD	2 Qtrs
Other income	`OtherIncome`	$98.27K	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`	$296.20K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$284.00K	USD	2 Qtrs
TOTAL OTHER (INCOME) EXPENSE	`NonoperatingIncomeExpense`	$11.30K	USD	1 Quarter
TOTAL OTHER (INCOME) EXPENSE	`NonoperatingIncomeExpense`	$-65.79K	USD	2 Qtrs
TOTAL OTHER (INCOME) EXPENSE	`NonoperatingIncomeExpense`	$170.62K	USD	2 Qtrs
TOTAL OTHER (INCOME) EXPENSE	`NonoperatingIncomeExpense`	$168.03K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$23.65K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-329.54K	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-81.88K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-121.86K	USD	2 Qtrs
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$17.07K	USD	2 Qtrs
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$25.84K	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$19.20K	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$43.98K	USD	2 Qtrs
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-312.47K	USD	2 Qtrs
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-62.68K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-77.89K	USD	2 Qtrs
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$49.49K	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	2 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	2 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	757.72M	shares	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	757.72M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	757.72M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	757.72M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	757.72M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	757.72M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	909.09M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	757.72M	shares	2 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$23.65K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-329.54K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-81.88K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-121.86K	USD	2 Qtrs
Depreciation	`Depreciation`	$558.00	USD	2 Qtrs
Depreciation	`Depreciation`	-	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`	$296.20K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$284.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.53K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-15.07K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$78.44K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$94.69K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$126.74K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$103.46K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-6.00K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-12.30K	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-228.02K	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-175.36K	USD	2 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Proceeds from loans payable	`ProceedsFromIssuanceOfDebt`	$228.17K	USD	2 Qtrs
Proceeds from loans payable	`ProceedsFromIssuanceOfDebt`	$190.02K	USD	2 Qtrs
Officer loans payable (repayments)	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-1.21K	USD	2 Qtrs
Officer loans payable (repayments)	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$8.34K	USD	2 Qtrs
Principal repayments loans payable	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Principal repayments loans payable	`RepaymentsOfNotesPayable`	$2.40K	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$226.95K	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$195.96K	USD	2 Qtrs
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-187.00	USD	2 Qtrs
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$17.07K	USD	2 Qtrs
NET INCREASE/(DECREASE) IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$16.00K	USD	2 Qtrs
NET INCREASE/(DECREASE) IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$20.41K	USD	2 Qtrs
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$50.46K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$30.20K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$9.79K	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`	$30.20K	USD	Point-in-time
CASH - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$9.79K	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

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Shares, beginning and end of period (in Shares)	`CommonStockSharesOutstanding`	757.72M	shares	Point-in-time
Shares, beginning and end of period (in Shares)	`CommonStockSharesOutstanding`	757.72M	shares	Point-in-time
Balance, beginning and end of period	`CommonStockValue`	$757.72K	USD	Point-in-time
Balance, beginning and end of period	`CommonStockValue`	$757.72K	USD	Point-in-time
Balance, end of period	`AdditionalPaidInCapital`	$9.53M	USD	Point-in-time
Balance, end of period	`AdditionalPaidInCapital`	$9.53M	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$7.99K	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-41.73K	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-35.98K	USD	Point-in-time
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$17.07K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$25.84K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$19.20K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$43.98K	USD	2 Qtrs
Balance, end of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$7.99K	USD	Point-in-time
Balance, end of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-41.73K	USD	Point-in-time
Balance, end of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-35.98K	USD	Point-in-time
Balance, beginning of period	`RetainedEarningsAccumulatedDeficit`	$-15.85M	USD	Point-in-time
Balance, beginning of period	`RetainedEarningsAccumulatedDeficit`	$-15.97M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$23.65K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-329.54K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-81.88K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-121.86K	USD	2 Qtrs
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-15.85M	USD	Point-in-time
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-15.97M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-5.49M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-5.59M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-5.67M	USD	Point-in-time

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