10-Q/A Filing

DIGITAL BRAND MEDIA & MARKETING GROUP, INC. CIK: 1127475 Q1 2011

Filing Information

Form Type	10-Q/A
Accession Number	`0001471242-12-000216`
Period End Date	20111130
Filing Date	20120216
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	rtgv-20111130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 40 Cash Flow Statement 65 Stockholders Equity 13

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$12.51K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$26.60K	USD	Point-in-time
Cash	`Cash`	$62.11K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$24.82K	USD	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Cash	`Cash`	$69.18K	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $26,603 and $24,818 at November 30, 2011 and August 31, 2011, respectively	`AccountsReceivableNetCurrent`	$43.32K	USD	Point-in-time
Preferred stock; par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $26,603 and $24,818 at November 30, 2011 and August 31, 2011, respectively	`AccountsReceivableNetCurrent`	$54.50K	USD	Point-in-time
Preferred stock; par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$67.00K	USD	Point-in-time
Preferred stock; shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Preferred stock; shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$105.43K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.54K	USD	Point-in-time
Preferred stock; shares issued	`PreferredStockSharesIssued`	263,772.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.23K	USD	Point-in-time
Preferred stock; shares issued	`PreferredStockSharesIssued`	263,772.00	shares	Point-in-time
Preferred stock; shares outstanding	`PreferredStockSharesOutstanding`	263,772.00	shares	Point-in-time
TOTAL ASSETS	`Assets`	$70.55K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$109.66K	USD	Point-in-time
Preferred stock; shares outstanding	`PreferredStockSharesOutstanding`	263,772.00	shares	Point-in-time
Common stock; par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock; par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilities`	$303.54K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilities`	$329.10K	USD	Point-in-time
Common stock; shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Accrued salaries	`AccruedSalaries`	$1.00M	USD	Point-in-time
Common stock; shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Accrued salaries	`AccruedSalaries`	$1.07M	USD	Point-in-time
Loans payable	`LoansPayable`	$253.00K	USD	Point-in-time
Common stock; shares issued	`CommonStockSharesIssued`	197.69M	shares	Point-in-time
Loans payable	`LoansPayable`	$222.50K	USD	Point-in-time
Common stock; shares issued	`CommonStockSharesIssued`	221.00M	shares	Point-in-time
Convertible notes payable, net	`ConvertibleNotesPayable`	$209.12K	USD	Point-in-time
Convertible notes payable, net	`ConvertibleNotesPayable`	$254.21K	USD	Point-in-time
Common stock; shares outstanding	`CommonStockSharesOutstanding`	197.69M	shares	Point-in-time
Common stock; shares outstanding	`CommonStockSharesOutstanding`	221.00M	shares	Point-in-time
Derivative liability	`DerivativeLiabilities`	$71.55K	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	-	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$1.94M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$1.77M	USD	Point-in-time
Preferred stock, par value .001; authorized 2,000,000 shares, 263,772 issued and outstanding, respectively	`PreferredStockValue`	$264.00	USD	Point-in-time
Preferred stock, par value .001; authorized 2,000,000 shares, 263,772 issued and outstanding, respectively	`PreferredStockValue`	$264.00	USD	Point-in-time
Common stock, par value .001; authorized 500,000,000 shares; 220,995,044 and 197,690,250 shares issued and outstanding, respectively	`CommonStockValue`	$221.00K	USD	Point-in-time
Common stock, par value .001; authorized 500,000,000 shares; 220,995,044 and 197,690,250 shares issued and outstanding, respectively	`CommonStockValue`	$197.69K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$7.28M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$7.08M	USD	Point-in-time
Other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossBeforeTax`	$-2.05K	USD	Point-in-time
Other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossBeforeTax`	$-3.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.94M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.37M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.87M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.66M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$70.55K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$109.66K	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
SALES	`SalesRevenueNet`	$83.16K	USD	1 Quarter
SALES	`SalesRevenueNet`	$183.96K	USD	1 Quarter
COST OF SALES	`RelatedPartiesAmountInCostOfSales`	$96.75K	USD	1 Quarter
COST OF SALES	`RelatedPartiesAmountInCostOfSales`	$119.08K	USD	1 Quarter
GROSS PROFIT (LOSS)	`GrossProfit`	$-13.60K	USD	1 Quarter
GROSS PROFIT (LOSS)	`GrossProfit`	$64.88K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$61.48K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$95.61K	USD	1 Quarter
Payroll	`SalariesAndWages`	$160.77K	USD	1 Quarter
Payroll	`SalariesAndWages`	$77.00K	USD	1 Quarter
Legal and professional fees	`ProfessionalFees`	$90.43K	USD	1 Quarter
Legal and professional fees	`ProfessionalFees`	$69.77K	USD	1 Quarter
Amortization and depreciation	`DepreciationAndAmortization`	$83.58K	USD	1 Quarter
Amortization and depreciation	`DepreciationAndAmortization`	$30.71K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$291.83K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$377.52K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-305.43K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-312.63K	USD	1 Quarter
Interest expenses	`InterestExpense`	$-14.58K	USD	1 Quarter
Interest expenses	`InterestExpense`	$-860.00	USD	1 Quarter
Gain on foreign currency transactions	`ForeignCurrencyTransactionGainBeforeTax`	$156.00	USD	1 Quarter
Gain on foreign currency transactions	`ForeignCurrencyTransactionGainBeforeTax`	$658.00	USD	1 Quarter
Other Interest Derivative expense	`InterestExpenseTradingLiabilities`	$-71.55K	USD	1 Quarter
Other Interest Derivative expense	`InterestExpenseTradingLiabilities`	-	USD	1 Quarter
Other Interest Modification expense	`FinancingInterestExpense`	$-43.51K	USD	1 Quarter
Other Interest Modification expense	`FinancingInterestExpense`	-	USD	1 Quarter
Gain from write-off of payables	`GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost`	$26.30K	USD	1 Quarter
Gain from write-off of payables	`GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost`	-	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`OtherIncome`	$-128.98K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`OtherIncome`	$25.59K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-434.41K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-287.04K	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToNoncontrollingInterest`	$-948.00	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToNoncontrollingInterest`	$-3.21K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-435.36K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-290.25K	USD	1 Quarter
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	158.44M	shares	1 Quarter
Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	207.70M	shares	1 Quarter

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-434.41K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-287.04K	USD	1 Quarter
Fair value of shares issued for compensation	`DeferredCompensationArrangementWithIndividualFairValueOfSharesIssued`	$7.00K	USD	1 Quarter
Fair value of shares issued for services	`CommonStockDividendsShares`	20,150.00	shares	1 Quarter
Fair value of shares issued for services	`CommonStockDividendsShares`	58,500.00	shares	1 Quarter
Depreciation	`DepreciationExpense`	$392.00	USD	1 Quarter
Depreciation	`DepreciationExpense`	-	USD	1 Quarter
Derivative expense	`TradingGainsLosses`	-	USD	1 Quarter
Derivative expense	`TradingGainsLosses`	$71.55K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$83.09K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$30.71K	USD	1 Quarter
Bad debt expense	`BadDebtExpense`	-	USD	1 Quarter
Bad debt expense	`BadDebtExpense`	$1.79K	USD	1 Quarter
Interest related to modification of conversion price of debt	`InterestRelatedConversionPriceDebt`	-	USD	1 Quarter
Interest related to modification of conversion price of debt	`InterestRelatedConversionPriceDebt`	$43.51K	USD	1 Quarter
Gain on write-off of payables	`GainsLossesOnRestructuringOfDebt`	-	USD	1 Quarter
Gain on write-off of payables	`GainsLossesOnRestructuringOfDebt`	$26.30K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.74K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-12.96K	USD	1 Quarter
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$-73.84K	USD	1 Quarter
Accrued salaries	`IncreaseDecreaseInAccruedSalaries`	$171.71K	USD	1 Quarter
Accrued salaries	`IncreaseDecreaseInAccruedSalaries`	$64.03K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-18.09K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$25.90K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-98.61K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-128.84K	USD	1 Quarter
Cash acquired in connection to acquisition of subsidiaries	`CashAcquiredFromAcquisition`	-	USD	1 Quarter
Cash acquired in connection to acquisition of subsidiaries	`CashAcquiredFromAcquisition`	$57.27K	USD	1 Quarter
Purchase of fixed assets	`PurchaseFixedAssets`	$-4.04K	USD	1 Quarter
Purchase of fixed assets	`PurchaseFixedAssets`	-	USD	1 Quarter
Net cash used by investing activities	`CashProvidedByUsedInDiscontinuedOperationsInvestingActivities`	-	USD	1 Quarter
Net cash used by investing activities	`CashProvidedByUsedInDiscontinuedOperationsInvestingActivities`	$53.23K	USD	1 Quarter
Capital contribution	`DividendsCommonStockCash`	$50.00K	USD	1 Quarter
Capital contribution	`DividendsCommonStockCash`	$95.00K	USD	1 Quarter
Proceeds from convertible notes payable	`ProceedsFromNotesPayable`	$53.00K	USD	1 Quarter
Proceeds from convertible notes payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$148.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$50.00K	USD	1 Quarter
NET INCREASE IN CASH	`IncreaseDecreaseInRestrictedCash`	$-48.61K	USD	1 Quarter
NET INCREASE IN CASH	`IncreaseDecreaseInRestrictedCash`	$72.39K	USD	1 Quarter
EFFECT OF EXCHANGE RATE CHANGES ON CASH	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-992.00	USD	1 Quarter
EFFECT OF EXCHANGE RATE CHANGES ON CASH	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.21K	USD	1 Quarter
CASH AT BEGINNING OF PERIOD	`Cash`	$12.51K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`Cash`	$62.11K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`Cash`	-	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`Cash`	$69.18K	USD	Point-in-time
CASH AT END OF PERIOD	`Cash`	$12.51K	USD	Point-in-time
CASH AT END OF PERIOD	`Cash`	$62.11K	USD	Point-in-time
CASH AT END OF PERIOD	`Cash`	-	USD	Point-in-time
CASH AT END OF PERIOD	`Cash`	$69.18K	USD	Point-in-time
Income taxes	`IncomeTaxEffectsAllocatedDirectlyToEquity`	-	USD	1 Quarter
Income taxes	`IncomeTaxEffectsAllocatedDirectlyToEquity`	-	USD	1 Quarter
Interest	`InterestAndDebtExpense`	-	USD	1 Quarter
Interest	`InterestAndDebtExpense`	-	USD	1 Quarter
Debt contributed to capital	`DebtContributedCapital`	$30.50K	USD	1 Quarter
Issuance of convertible note payable to satisfy liabilities related party	`IssuanceConvertibleNotePayableLiabilities`	$150.00K	USD	1 Quarter
Issuance of convertible note payable to satisfy liabilities related party	`IssuanceConvertibleNotePayableLiabilities`	-	USD	1 Quarter
Conversion of convertible notes payable into common stock	`ConversionConvertibleNotesCommonStock`	38,000.00	shares	1 Quarter
Conversion of convertible notes payable into common stock	`ConversionConvertibleNotesCommonStock`	50,000.00	shares	1 Quarter
Conversion of loans payable into common stock	`ConversionLoansCommonStock`	52,000.00	shares	1 Quarter
Conversion of loans payable into common stock	`ConversionLoansCommonStock`	-	shares	1 Quarter
Fair value of preferred shares issued for acquisition	`FairValuePrefferedShares`	225,027.00	shares	1 Quarter
Fair value of preferred shares issued for acquisition	`FairValuePrefferedShares`	-	shares	1 Quarter
Purchase price of subsidiaries	`PurchasePriceSubsidaries`	-	USD	1 Quarter
Purchase price of subsidiaries	`PurchasePriceSubsidaries`	$156.91K	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, amount	`StockholdersEquity`	$-1.87M	USD	Point-in-time
Beginning Balance, amount	`StockholdersEquity`	$-1.66M	USD	Point-in-time
Shares issued in connection with conversion of debentures @ $0.002 per share	`DebtConversionConvertedInstrumentSharesIssued1`	38,000.00	shares	1 Quarter
Shares issued for services	`StockIssuedDuringPeriodSharesShareBasedCompensationGross`	58,500.00	shares	1 Quarter
Interest related to modification of conversion price of debt	`InterestRelatedConversionPriceDebt`	-	USD	1 Quarter
Interest related to modification of conversion price of debt	`InterestRelatedConversionPriceDebt`	$43.51K	USD	1 Quarter
Capital Contribution	`CapitalContribution`	$80.50K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-434.41K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-287.04K	USD	1 Quarter
Other comprehensive income(loss)	`OtherComprehensiveIncomeLoss`	$-948.00	USD	1 Quarter
Subtotal	`ComprehensiveIncomeSubtotal`	$-435.36K	USD	1 Quarter
Ending Balance, amount	`StockholdersEquity`	$-1.87M	USD	Point-in-time
Ending Balance, amount	`StockholdersEquity`	$-1.66M	USD	Point-in-time

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