10-Q Filing

DIGITAL BRAND MEDIA & MARKETING GROUP, INC. CIK: 1127475 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001185185-23-000032`
Period End Date	20221130
Filing Date	20230113
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	dbmm20221130_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 30 Cash Flow Statement 44 Stockholders Equity 23

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$9.36K	USD	Point-in-time
Cash	`Cash`	$15.64K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$20.39K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$20.38K	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
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$36.50K	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
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$1.42K	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	787.72M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$37.10K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	787.72M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$31.64K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$37.92K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	787.72M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	787.72M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$829.13K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$799.72K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$967.52K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$890.71K	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.38M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.36M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$448.25K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$281.93K	USD	Point-in-time
Loans payable, net	`LoansPayableCurrent`	$2.09M	USD	Point-in-time
Loans payable, net	`LoansPayableCurrent`	$1.95M	USD	Point-in-time
Officers loans payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$79.17K	USD	Point-in-time
Officers loans payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$71.41K	USD	Point-in-time
Convertible debentures, net	`ConvertibleDebtCurrent`	$546.57K	USD	Point-in-time
Convertible debentures, net	`ConvertibleDebtCurrent`	$546.57K	USD	Point-in-time
LiabilitiesCurrent	`LiabilitiesCurrent`	$5.92M	USD	Point-in-time
LiabilitiesCurrent	`LiabilitiesCurrent`	$6.32M	USD	Point-in-time
Loan payable, net of short-term portion	`LongTermLoansPayable`	$43.83K	USD	Point-in-time
Loan payable, net of short-term portion	`LongTermLoansPayable`	$34.36K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$5.95M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$6.36M	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`	$787.72K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$9.67M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$9.67M	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.85K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$58.47K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$93.48K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.84M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.47M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-5.92M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-5.72M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-6.32M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$31.64K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$37.92K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
SALES	`Revenues`	$54.53K	USD	1 Quarter
SALES	`Revenues`	$57.58K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$27.08K	USD	1 Quarter
COST OF SALES	`CostOfRevenue`	$39.75K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$27.45K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$17.83K	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$148.70K	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$165.93K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$148.70K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$165.93K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-148.10K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-121.25K	USD	1 Quarter
Interest expense	`InterestExpense`	$77.10K	USD	1 Quarter
Interest expense	`InterestExpense`	$83.47K	USD	1 Quarter
Other Income	`OtherIncome`	$98.26K	USD	1 Quarter
Other Income	`OtherIncome`	-	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-12.21K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-166.32K	USD	1 Quarter
TOTAL OTHER EXPENSES, NET	`NonoperatingIncomeExpense`	$-243.42K	USD	1 Quarter
TOTAL OTHER EXPENSES, NET	`NonoperatingIncomeExpense`	$2.58K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-145.51K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-364.67K	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$18.14K	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-35.01K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-399.68K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-127.38K	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted1`	-	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted1`	-	USD	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted1`	787.72M	shares	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted1`	757.72M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-145.51K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-364.67K	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-12.21K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-166.32K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-679.00	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$20.91K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-15.33K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$76.81K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$59.47K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-7.00K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-15.00K	USD	1 Quarter
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-100.17K	USD	1 Quarter
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-114.95K	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from loans payable	`ProceedsFromIssuanceOfDebt`	$102.41K	USD	1 Quarter
Proceeds from loans payable	`ProceedsFromIssuanceOfDebt`	$131.88K	USD	1 Quarter
Principal repayments loan payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Principal repayments loan payable	`RepaymentsOfNotesPayable`	$2.93K	USD	1 Quarter
Officer loans payable	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-7.76K	USD	1 Quarter
Officer loans payable	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$3.81K	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$121.19K	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$106.21K	USD	1 Quarter
HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$39.00	USD	1 Quarter
HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-212.00	USD	1 Quarter
NET INCREASE/(DECREASE) IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$6.28K	USD	1 Quarter
NET INCREASE/(DECREASE) IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$5.83K	USD	1 Quarter
CASH - BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.64K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.79K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.62K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.36K	USD	Point-in-time
CASH - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.64K	USD	Point-in-time
CASH - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.79K	USD	Point-in-time
CASH - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.62K	USD	Point-in-time
CASH - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.36K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Shares, beginning and end of period (in Shares)	`CommonStockSharesOutstanding`	787.72M	shares	Point-in-time
Shares, beginning and end of period (in Shares)	`CommonStockSharesOutstanding`	787.72M	shares	Point-in-time
Balance, beginning and end of period	`CommonStockValue`	$787.72K	USD	Point-in-time
Balance, beginning and end of period	`CommonStockValue`	$787.72K	USD	Point-in-time
Balance, beginning and end of period	`AdditionalPaidInCapital`	$9.67M	USD	Point-in-time
Balance, beginning and end of period	`AdditionalPaidInCapital`	$9.67M	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.85K	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$58.47K	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$93.48K	USD	Point-in-time
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$18.14K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-35.01K	USD	1 Quarter
Balance, end of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.85K	USD	Point-in-time
Balance, end of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$58.47K	USD	Point-in-time
Balance, end of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$93.48K	USD	Point-in-time
Balance, beginning of period	`RetainedEarningsAccumulatedDeficit`	$-16.84M	USD	Point-in-time
Balance, beginning of period	`RetainedEarningsAccumulatedDeficit`	$-16.47M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-145.51K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-364.67K	USD	1 Quarter
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-16.84M	USD	Point-in-time
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-16.47M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-5.92M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-5.72M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-6.32M	USD	Point-in-time

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