10-K Filing

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

Filing Information

Form Type	10-K
Accession Number	`0001185185-22-001360`
Period End Date	20220831
Filing Date	20221129
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	dbmm20220831_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 33 Cash Flow Statement 49 Stockholders Equity 28

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$9.79K	USD	Point-in-time
Cash	`Cash`	$9.36K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$20.38K	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
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$30.22K	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, authorized shares	`CommonStockSharesAuthorized`	2.00B	shares	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, shares issued	`CommonStockSharesIssued`	757.72M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	757.72M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$31.64K	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`	$799.72K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$657.27K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$890.71K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$643.33K	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.38M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.44M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$281.93K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$506.36K	USD	Point-in-time
Loans payable, net	`LoansPayableCurrent`	$1.95M	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`	$79.17K	USD	Point-in-time
Convertible debentures, net	`ConvertibleDebtCurrent`	$590.99K	USD	Point-in-time
Convertible debentures, net	`ConvertibleDebtCurrent`	$546.57K	USD	Point-in-time
LiabilitiesCurrent	`LiabilitiesCurrent`	$5.92M	USD	Point-in-time
LiabilitiesCurrent	`LiabilitiesCurrent`	$5.58M	USD	Point-in-time
Loan payable, net of short-term portion	`LongTermLoansPayable`	$34.36K	USD	Point-in-time
Loan payable, net of short-term portion	`LongTermLoansPayable`	$46.19K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$5.62M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$5.95M	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`	$787.72K	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`	$9.67M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$9.53M	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$93.48K	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`	$-16.47M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-5.59M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-5.92M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$27.93K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$31.64K	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$225.84K	USD	Annual
REVENUES	`Revenues`	$171.71K	USD	Annual
COST OF REVENUES	`CostOfRevenue`	$131.27K	USD	Annual
COST OF REVENUES	`CostOfRevenue`	$167.67K	USD	Annual
GROSS PROFIT (LOSS)	`GrossProfit`	$94.57K	USD	Annual
GROSS PROFIT (LOSS)	`GrossProfit`	$4.04K	USD	Annual
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$553.04K	USD	Annual
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$557.43K	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$557.43K	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$553.04K	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-553.39K	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-458.47K	USD	Annual
Interest expense	`InterestExpense`	$384.62K	USD	Annual
Interest expense	`InterestExpense`	$327.27K	USD	Annual
Other income	`OtherIncome`	$98.27K	USD	Annual
Other income	`OtherIncome`	-	USD	Annual
Loss (gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-82.84K	USD	Annual
Loss (gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$169.84K	USD	Annual
Loss (gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-82.84K	USD	Point-in-time
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$9.17K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$201.24K	USD	Annual
TOTAL OTHER (INCOME) EXPENSES	`NonoperatingIncomeExpense`	$-148.26K	USD	Annual
TOTAL OTHER (INCOME) EXPENSES	`NonoperatingIncomeExpense`	$-167.96K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-626.43K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-701.65K	USD	Annual
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-19.20K	USD	Annual
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$129.46K	USD	Annual
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-720.85K	USD	Annual
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-496.97K	USD	Annual
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted1`	-	USD	Annual
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted1`	-	USD	Annual
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted1`	757.72M	shares	Annual
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted1`	771.28M	shares	Annual

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-626.43K	USD	Annual
Net loss	`NetIncomeLoss`	$-701.65K	USD	Annual
Depreciation	`Depreciation`	$558.00	USD	Annual
Depreciation	`Depreciation`	-	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$9.17K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$201.24K	USD	Annual
Loss (gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-82.84K	USD	Annual
Loss (gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$169.84K	USD	Annual
Loss (gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-82.84K	USD	Point-in-time
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.20K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$386.00	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$160.63K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$214.79K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$225.77K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$264.92K	USD	Annual
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-62.75K	USD	Annual
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$3.20K	USD	Annual
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-389.22K	USD	Annual
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-436.72K	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Proceeds from loan payable	`ProceedsFromIssuanceOfDebt`	$399.20K	USD	Annual
Proceeds from loan payable	`ProceedsFromIssuanceOfDebt`	$398.50K	USD	Annual
Officer loans payable	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$12.24K	USD	Annual
Officer loans payable	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-7.60K	USD	Annual
Principal repayments loans payable	`RepaymentsOfNotesPayable`	-	USD	Annual
Principal repayments loans payable	`RepaymentsOfNotesPayable`	$2.71K	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$388.89K	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$410.74K	USD	Annual
HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-92.00	USD	Annual
HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.31K	USD	Annual
NET INCREASE/(DECREASE) IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-423.00	USD	Annual
NET INCREASE/(DECREASE) IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-24.67K	USD	Annual
CASH - BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.36K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$34.46K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.79K	USD	Point-in-time
CASH - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.36K	USD	Point-in-time
CASH - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$34.46K	USD	Point-in-time
CASH - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.79K	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
Issuance of shares pursuant to satisfaction of convertible debt obligations	`StockIssued1`	$64.14K	USD	Annual
Issuance of shares pursuant to satisfaction of convertible debt obligations	`StockIssued1`	-	USD	Annual
Reclassification of liability contracts	`EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity`	$23.19K	USD	Annual
Reclassification of liability contracts	`EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity`	$258.15K	USD	Annual

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Shares, beginning of period (in Shares)	`CommonStockSharesOutstanding`	757.72M	shares	Point-in-time
Shares, beginning of period (in Shares)	`CommonStockSharesOutstanding`	757.72M	shares	Point-in-time
Shares, end of period (in Shares)	`CommonStockSharesOutstanding`	757.72M	shares	Point-in-time
Shares, end of period (in Shares)	`CommonStockSharesOutstanding`	757.72M	shares	Point-in-time
Balance, beginning of period	`CommonStockValue`	$787.72K	USD	Point-in-time
Balance, beginning of period	`CommonStockValue`	$757.72K	USD	Point-in-time
Balance, end of period	`CommonStockValue`	$787.72K	USD	Point-in-time
Balance, end of period	`CommonStockValue`	$757.72K	USD	Point-in-time
Balance, end of period	`AdditionalPaidInCapital`	$9.67M	USD	Point-in-time
Balance, end of period	`AdditionalPaidInCapital`	$9.53M	USD	Point-in-time
Reclassification of liability contracts from liability to equity contracts	`EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity`	$23.19K	USD	Annual
Reclassification of liability contracts from liability to equity contracts	`EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity`	$258.15K	USD	Annual
Balance, end of period	`AdditionalPaidInCapital`	$9.67M	USD	Point-in-time
Balance, end of period	`AdditionalPaidInCapital`	$9.53M	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$93.48K	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-35.98K	USD	Point-in-time
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-19.20K	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$129.46K	USD	Annual
Balance, end of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$93.48K	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`	$-16.47M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-626.43K	USD	Annual
Net loss	`NetIncomeLoss`	$-701.65K	USD	Annual
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-15.85M	USD	Point-in-time
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-16.47M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-5.59M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-5.92M	USD	Point-in-time

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