10-Q Filing

DIGITAL BRAND MEDIA & MARKETING GROUP, INC. CIK: 1127475 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0001185185-24-000075`
Period End Date	20231130
Filing Date	20240116
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	dbmm20231130_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 28 Cash Flow Statement 40 Stockholders Equity 21

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$44.52K	USD	Point-in-time
Cash	`Cash`	$10.93K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$20.74K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$31.59K	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 ASSETS	`Assets`	$37.92K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$65.73K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$42.98K	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`	825.22M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	825.22M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$714.85K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$724.27K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	825.22M	shares	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.31M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.19M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	825.22M	shares	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.31M	USD	Point-in-time
Accrued compensation	`AccruedSalariesCurrent`	$1.28M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$372.98K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$206.48K	USD	Point-in-time
Loans payable, net	`LoansPayableCurrent`	$2.48M	USD	Point-in-time
Loans payable, net	`LoansPayableCurrent`	$2.62M	USD	Point-in-time
Officers loans payable	`NotesPayableCurrent`	$53.89K	USD	Point-in-time
Officers loans payable	`NotesPayableCurrent`	$49.77K	USD	Point-in-time
Convertible debentures, net	`ConvertibleDebtCurrent`	$517.24K	USD	Point-in-time
Convertible debentures, net	`ConvertibleDebtCurrent`	$517.24K	USD	Point-in-time
LiabilitiesCurrent	`LiabilitiesCurrent`	$6.87M	USD	Point-in-time
LiabilitiesCurrent	`LiabilitiesCurrent`	$6.48M	USD	Point-in-time
Loan payable, net of short-term portion	`LongTermLoansPayable`	$27.30K	USD	Point-in-time
Loan payable, net of short-term portion	`LongTermLoansPayable`	$27.30K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$6.51M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$6.90M	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`	$825.22K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$9.81M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$9.81M	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$36.62K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$51.43K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.53M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.14M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-6.27M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-6.86M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-6.44M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$42.98K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$65.73K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$54.53K	USD	1 Quarter
Revenues	`Revenues`	$85.55K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$74.34K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$27.08K	USD	1 Quarter
Gross profit	`GrossProfit`	$11.21K	USD	1 Quarter
Gross profit	`GrossProfit`	$27.45K	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$148.70K	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$116.71K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$148.70K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$116.71K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-121.25K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-105.50K	USD	1 Quarter
Interest expense	`InterestExpense`	$123.75K	USD	1 Quarter
Interest expense	`InterestExpense`	$77.10K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-166.32K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-166.50K	USD	1 Quarter
Total other (income) expenses, net	`NonoperatingIncomeExpense`	$-243.42K	USD	1 Quarter
Total other (income) expenses, net	`NonoperatingIncomeExpense`	$-290.26K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-395.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-364.67K	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-14.81K	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-35.01K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-399.68K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-410.56K	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`	825.22M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-395.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-364.67K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-166.32K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-166.50K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$10.01K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-679.00	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.60K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$20.91K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$76.81K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$123.53K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-30.10K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-15.00K	USD	1 Quarter
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-114.95K	USD	1 Quarter
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-141.22K	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`	$131.88K	USD	1 Quarter
Proceeds from loans payable	`ProceedsFromIssuanceOfDebt`	$114.40K	USD	1 Quarter
Principal repayments loan payable	`RepaymentsOfNotesPayable`	$2.93K	USD	1 Quarter
Principal repayments loan payable	`RepaymentsOfNotesPayable`	$3.40K	USD	1 Quarter
Officers loans payable	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-7.76K	USD	1 Quarter
Officers loans payable	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-4.13K	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$121.19K	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$106.87K	USD	1 Quarter
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$39.00	USD	1 Quarter
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$754.00	USD	1 Quarter
NET INCREASE/(DECREASE) IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$6.28K	USD	1 Quarter
NET INCREASE/(DECREASE) IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-33.60K	USD	1 Quarter
CASH - BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.93K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.64K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$44.52K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.36K	USD	Point-in-time
CASH - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.93K	USD	Point-in-time
CASH - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.64K	USD	Point-in-time
CASH - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$44.52K	USD	Point-in-time
CASH - END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.36K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$219.00	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 21 line items

Line Item	Tag	Value	Unit	Period
Shares, beginning and end of period (in Shares)	`CommonStockSharesOutstanding`	825.22M	shares	Point-in-time
Shares, beginning and end of period (in Shares)	`CommonStockSharesOutstanding`	825.22M	shares	Point-in-time
Balance, beginning and end of period	`CommonStockValue`	$825.22K	USD	Point-in-time
Balance, beginning and end of period	`CommonStockValue`	$825.22K	USD	Point-in-time
Balance, beginning and end of period	`AdditionalPaidInCapital`	$9.81M	USD	Point-in-time
Balance, beginning and end of period	`AdditionalPaidInCapital`	$9.81M	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$36.62K	USD	Point-in-time
Balance, beginning of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$51.43K	USD	Point-in-time
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-14.81K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-35.01K	USD	1 Quarter
Balance, end of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$36.62K	USD	Point-in-time
Balance, end of period	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$51.43K	USD	Point-in-time
Balance, beginning of period	`RetainedEarningsAccumulatedDeficit`	$-17.53M	USD	Point-in-time
Balance, beginning of period	`RetainedEarningsAccumulatedDeficit`	$-17.14M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-395.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-364.67K	USD	1 Quarter
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-17.53M	USD	Point-in-time
Balance, end of period	`RetainedEarningsAccumulatedDeficit`	$-17.14M	USD	Point-in-time
Total Stockholders' deficit	`StockholdersEquity`	$-6.27M	USD	Point-in-time
Total Stockholders' deficit	`StockholdersEquity`	$-6.86M	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.