10-K Filing

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

Filing Information

Form Type	10-K
Accession Number	`0001185185-23-001264`
Period End Date	20230831
Filing Date	20231129
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	dbmm20230831_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 35 Cash Flow Statement 51 Stockholders Equity 26

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$9.36K	USD	Point-in-time
Cash	`Cash`	$44.52K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$20.38K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$20.74K	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`	$65.73K	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
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
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`	-	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
Common stock, shares issued	`CommonStockSharesIssued`	825.22M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$31.64K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$65.73K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	825.22M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	787.72M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$750.22K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$724.27K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.19M	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`	$1.31M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$206.48K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$281.93K	USD	Point-in-time
Loans payable, net	`LoansPayableCurrent`	$2.48M	USD	Point-in-time
Loans payable, net	`LoansPayableCurrent`	$1.95M	USD	Point-in-time
Officers loans payable	`NotesPayableCurrent`	$53.89K	USD	Point-in-time
Officers loans payable	`NotesPayableCurrent`	$79.17K	USD	Point-in-time
Convertible debentures, net	`ConvertibleDebtCurrent`	$517.24K	USD	Point-in-time
Convertible debentures, net	`ConvertibleDebtCurrent`	$546.57K	USD	Point-in-time
LiabilitiesCurrent	`LiabilitiesCurrent`	$5.87M	USD	Point-in-time
LiabilitiesCurrent	`LiabilitiesCurrent`	$6.48M	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`	$27.30K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$5.91M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$6.51M	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`	$825.22K	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`	$9.81M	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$93.48K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$51.43K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.42M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-5.87M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-6.44M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$31.64K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$65.73K	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$309.64K	USD	Annual
REVENUES	`Revenues`	$225.84K	USD	Annual
COST OF REVENUES	`CostOfRevenue`	$260.77K	USD	Annual
COST OF REVENUES	`CostOfRevenue`	$131.27K	USD	Annual
GROSS PROFIT	`GrossProfit`	$94.57K	USD	Annual
GROSS PROFIT	`GrossProfit`	$48.87K	USD	Annual
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$463.69K	USD	Annual
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$553.04K	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$553.04K	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$463.69K	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-458.47K	USD	Annual
OPERATING LOSS	`OperatingIncomeLoss`	$-414.82K	USD	Annual
Interest expense	`InterestExpense`	$313.24K	USD	Annual
Interest expense	`InterestExpense`	$384.62K	USD	Annual
Other income	`OtherIncome`	$98.27K	USD	Annual
Other income	`OtherIncome`	$46.26K	USD	Annual
Loss (gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-82.55K	USD	Point-in-time
Loss (gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-73.35K	USD	Annual
Loss (gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-15.44K	USD	Point-in-time
Loss (gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-82.84K	USD	Annual
Loss (gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-88.78K	USD	Point-in-time
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$201.24K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$42.07K	USD	Annual
TOTAL OTHER (INCOME) EXPENSES	`NonoperatingIncomeExpense`	$-298.26K	USD	Annual
TOTAL OTHER (INCOME) EXPENSES	`NonoperatingIncomeExpense`	$-167.96K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-626.43K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-713.08K	USD	Annual
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$129.46K	USD	Annual
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-42.05K	USD	Annual
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-496.97K	USD	Annual
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-755.13K	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`	797.25M	shares	Annual
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted1`	771.28M	shares	Annual

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-626.43K	USD	Annual
Net loss	`NetIncomeLoss`	$-713.08K	USD	Annual
Depreciation	`Depreciation`	-	USD	Annual
Depreciation	`Depreciation`	$1.42K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$201.24K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$42.07K	USD	Annual
Loss (gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-82.55K	USD	Point-in-time
Loss (gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-73.35K	USD	Annual
Loss (gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-15.44K	USD	Point-in-time
Loss (gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-82.84K	USD	Annual
Loss (gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-88.78K	USD	Point-in-time
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-505.00	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.20K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-5.49K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$160.63K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$312.18K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$264.92K	USD	Annual
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-63.60K	USD	Annual
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-62.75K	USD	Annual
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-436.79K	USD	Annual
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-389.22K	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 loans payable	`ProceedsFromIssuanceOfDebt`	$399.20K	USD	Annual
Proceeds from loans payable	`ProceedsFromIssuanceOfDebt`	$508.11K	USD	Annual
Officer loans payable	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-11.67K	USD	Annual
Officer loans payable	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-7.60K	USD	Annual
Principal repayments loans payable	`RepaymentsOfNotesPayable`	$25.28K	USD	Annual
Principal repayments loans payable	`RepaymentsOfNotesPayable`	$2.71K	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$471.17K	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$388.89K	USD	Annual
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-92.00	USD	Annual
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$774.00	USD	Annual
NET INCREASE/(DECREASE) IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-423.00	USD	Annual
NET INCREASE/(DECREASE) IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$35.16K	USD	Annual
CASH - BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.79K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$44.42K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.36K	USD	Point-in-time
CASH - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.79K	USD	Point-in-time
CASH - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$44.42K	USD	Point-in-time
CASH - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.36K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$1.06K	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 of common stock pursuant to debt inducement	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$19.00K	USD	Annual
Issuance of shares of common stock pursuant to debt inducement	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	-	USD	Annual
Issuance of shares of common stock to settled certain aged convertible debt	`StockIssued1`	$64.14K	USD	Annual
Issuance of shares of common stock to settled certain aged convertible debt	`StockIssued1`	$76.22K	USD	Annual

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Shares, beginning of period (in Shares)	`CommonStockSharesOutstanding`	825.22M	shares	Point-in-time
Shares, beginning of period (in Shares)	`CommonStockSharesOutstanding`	787.72M	shares	Point-in-time
Shares, end of period (in Shares)	`CommonStockSharesOutstanding`	825.22M	shares	Point-in-time
Shares, end of period (in Shares)	`CommonStockSharesOutstanding`	787.72M	shares	Point-in-time
Balance, beginning of period	`CommonStockValue`	$825.22K	USD	Point-in-time
Balance, beginning of period	`CommonStockValue`	$787.72K	USD	Point-in-time
Balance, end of period	`CommonStockValue`	$825.22K	USD	Point-in-time
Balance, end of period	`CommonStockValue`	$787.72K	USD	Point-in-time
Balance, end of period	`AdditionalPaidInCapital`	$9.67M	USD	Point-in-time
Balance, end of period	`AdditionalPaidInCapital`	$9.81M	USD	Point-in-time
Balance, end of period	`AdditionalPaidInCapital`	$9.67M	USD	Point-in-time
Balance, end of period	`AdditionalPaidInCapital`	$9.81M	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$93.48K	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$51.43K	USD	Point-in-time
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$129.46K	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-42.05K	USD	Annual
Balance, end of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$93.48K	USD	Point-in-time
Balance, end of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$51.43K	USD	Point-in-time
Balance, beginning of period	`RetainedEarningsAccumulatedDeficit`	$-17.14M	USD	Point-in-time
Balance, beginning of period	`RetainedEarningsAccumulatedDeficit`	$-16.42M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-626.43K	USD	Annual
Net loss	`NetIncomeLoss`	$-713.08K	USD	Annual
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-17.14M	USD	Point-in-time
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-16.42M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-5.87M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-6.44M	USD	Point-in-time

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