10-Q Filing

DMC BEVERAGE CORP. CIK: 1580426 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001014897-14-000371`
Period End Date	20140630
Filing Date	20140819
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	dmcb-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 60 Cash Flow Statement 80

Balance Sheet 42 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$358.00	USD	Point-in-time
Cash	`Cash`	$269.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$269.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$358.00	USD	Point-in-time
Property and equipment , net	`PropertyPlantAndEquipmentNet`	$12.94K	USD	Point-in-time
Property and equipment , net	`PropertyPlantAndEquipmentNet`	$11.36K	USD	Point-in-time
Total assets	`Assets`	$11.71K	USD	Point-in-time
Total assets	`Assets`	$13.21K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrentAndNoncurrent`	$756.93K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrentAndNoncurrent`	$855.01K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$281.12K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$320.28K	USD	Point-in-time
Contractor liabilities	`ContractorLiabilities`	$214.00K	USD	Point-in-time
Contractor liabilities	`ContractorLiabilities`	-	USD	Point-in-time
Coupon reimbursement liabilities	`CouponReimbursementLiabilities`	$205.55K	USD	Point-in-time
Coupon reimbursement liabilities	`CouponReimbursementLiabilities`	$304.94K	USD	Point-in-time
Accrued interest	`AccruedInterest`	$154.30K	USD	Point-in-time
Accrued interest	`AccruedInterest`	$96.03K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrentAndNoncurrent`	$19.22K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrentAndNoncurrent`	-	USD	Point-in-time
Line-of-credit and notes payable - related parties	`LineOfCreditAndNotesPayableRelatedParties`	$150.46K	USD	Point-in-time
Line-of-credit and notes payable - related parties	`LineOfCreditAndNotesPayableRelatedParties`	$395.90K	USD	Point-in-time
Notes payable	`NotesPayable`	$50.00K	USD	Point-in-time
Notes payable	`NotesPayable`	$60.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.68M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.19M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.68M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.19M	USD	Point-in-time
Preferred stock, 50,000,000 shares authorized, $0.0001 par value, no shares issued or outstanding	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Preferred stock, 50,000,000 shares authorized, $0.0001 par value, no shares issued or outstanding	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Common stock, $0.0001 par value, 2,000,000,000 shares authorized, 13,642,391 and 13,642,391 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively	`CommonStockValueOutstanding`	$1.36K	USD	Point-in-time
Common stock, $0.0001 par value, 2,000,000,000 shares authorized, 13,642,391 and 13,642,391 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively	`CommonStockValueOutstanding`	$1.36K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.50M	USD	Point-in-time
Common stock issuable	`CommonStockIssuable`	-	USD	Point-in-time
Common stock issuable	`CommonStockIssuable`	$702.56K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-5.68M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-5.87M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-2.17M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-1.67M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$11.71K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.21K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Sales, gross	`Revenues`	-	USD	2 Qtrs
Sales, gross	`Revenues`	-	USD	2 Qtrs
Sales, gross	`Revenues`	-	USD	1 Quarter
Sales, gross	`Revenues`	-	USD	1 Quarter
Discounts	`SalesDiscountsGoods`	-	USD	1 Quarter
Discounts	`SalesDiscountsGoods`	-	USD	1 Quarter
Discounts	`SalesDiscountsGoods`	-	USD	2 Qtrs
Discounts	`SalesDiscountsGoods`	-	USD	2 Qtrs
Sales, net of discounts	`SalesNetOfDiscounts`	-	USD	1 Quarter
Sales, net of discounts	`SalesNetOfDiscounts`	-	USD	2 Qtrs
Sales, net of discounts	`SalesNetOfDiscounts`	-	USD	1 Quarter
Sales, net of discounts	`SalesNetOfDiscounts`	-	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	-	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	-	USD	1 Quarter
Cost of sales	`CostOfRevenue`	-	USD	1 Quarter
Cost of sales	`CostOfRevenue`	-	USD	2 Qtrs
Gross profit (loss)	`GrossProfit`	-	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	-	USD	2 Qtrs
Gross profit (loss)	`GrossProfit`	-	USD	2 Qtrs
Gross profit (loss)	`GrossProfit`	-	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$131.81K	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$856.00	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$94.47K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$134.77K	USD	2 Qtrs
Net loss from operations	`IncomeLossFromContinuingOperations`	$-134.77K	USD	2 Qtrs
Net loss from operations	`IncomeLossFromContinuingOperations`	$-94.47K	USD	1 Quarter
Net loss from operations	`IncomeLossFromContinuingOperations`	$-856.00	USD	1 Quarter
Net loss from operations	`IncomeLossFromContinuingOperations`	$-131.81K	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$249.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	$213.00	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$475.00	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$100.00	USD	1 Quarter
Interest expense	`InterestExpense`	$-34.07K	USD	1 Quarter
Interest expense	`InterestExpense`	$-35.16K	USD	1 Quarter
Interest expense	`InterestExpense`	$-62.95K	USD	2 Qtrs
Interest expense	`InterestExpense`	$-61.88K	USD	2 Qtrs
Total other income (expense)	`OtherIncome`	$-33.82K	USD	1 Quarter
Total other income (expense)	`OtherIncome`	$-35.06K	USD	1 Quarter
Total other income (expense)	`OtherIncome`	$-61.40K	USD	2 Qtrs
Total other income (expense)	`OtherIncome`	$-62.74K	USD	2 Qtrs
Loss before income taxes (benefit)	`ClosedBlockOperationsResultsBeforeIncomeTaxes`	$-129.54K	USD	1 Quarter
Loss before income taxes (benefit)	`ClosedBlockOperationsResultsBeforeIncomeTaxes`	$-196.18K	USD	2 Qtrs
Loss before income taxes (benefit)	`ClosedBlockOperationsResultsBeforeIncomeTaxes`	$-34.68K	USD	1 Quarter
Loss before income taxes (benefit)	`ClosedBlockOperationsResultsBeforeIncomeTaxes`	$-194.55K	USD	2 Qtrs
Provision (benefit) for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Provision (benefit) for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Provision (benefit) for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-129.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-196.18K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-194.55K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-34.68K	USD	1 Quarter
Net loss per common share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per common share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Net loss per common share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per common share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Weighted average number of common shares outstanding during the period - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.64M	shares	1 Quarter
Weighted average number of common shares outstanding during the period - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.27M	shares	2 Qtrs
Weighted average number of common shares outstanding during the period - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.64M	shares	2 Qtrs
Weighted average number of common shares outstanding during the period - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.37M	shares	1 Quarter

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-129.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-196.18K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-194.55K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-34.68K	USD	1 Quarter
Depreciation	`Depreciation`	$1.55K	USD	2 Qtrs
Depreciation	`Depreciation`	$1.58K	USD	2 Qtrs
Stock issued as debt discount for loan inducement	`StockIssuedAsDebtDiscountForLoanInducement`	-	USD	2 Qtrs
Stock issued as debt discount for loan inducement	`StockIssuedAsDebtDiscountForLoanInducement`	$5.00K	USD	2 Qtrs
Stock based compensation	`StockBasedCompensation`	$63.75K	USD	2 Qtrs
Stock based compensation	`StockBasedCompensation`	$37.00K	USD	2 Qtrs
Stock option expense	`StockOptionPlanExpense`	$1.20K	USD	2 Qtrs
Stock option expense	`StockOptionPlanExpense`	$1.20K	USD	2 Qtrs
Issuance of notes payable for financing fees	`IssuanceOfNotesPayableForFinancingFees`	$10.02K	USD	2 Qtrs
Issuance of notes payable for financing fees	`IssuanceOfNotesPayableForFinancingFees`	-	USD	2 Qtrs
Interest accrued on notes payable	`InterestAccruedOnNotesPayable`	$57.95K	USD	2 Qtrs
Interest accrued on notes payable	`InterestAccruedOnNotesPayable`	$43.13K	USD	2 Qtrs
Accretion of debt discount as interest	`AccretionOfDebtDiscountAsInterest`	$18.75K	USD	2 Qtrs
Accretion of debt discount as interest	`AccretionOfDebtDiscountAsInterest`	-	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.30K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$98.08K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$85.81K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$47.56K	USD	2 Qtrs
Coupon reimbursement liabilities	`CouponReimbursementLiabilities1`	$-99.39K	USD	2 Qtrs
Coupon reimbursement liabilities	`CouponReimbursementLiabilities1`	-	USD	2 Qtrs
Contractor liabilities	`ContractorLiabilities1`	$-10.55K	USD	2 Qtrs
Contractor liabilities	`ContractorLiabilities1`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.26K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-21.52K	USD	2 Qtrs
Cash advanced to related parties, net	`CashAdvancedToRelatedPartiesNet`	$-7.88K	USD	2 Qtrs
Cash advanced to related parties, net	`CashAdvancedToRelatedPartiesNet`	$-8.39K	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.39K	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.88K	USD	2 Qtrs
Proceeds from the sale of common stock	`ProceedsFromTheSaleOfCommonStock`	-	USD	2 Qtrs
Proceeds from the sale of common stock	`ProceedsFromTheSaleOfCommonStock`	$11.27K	USD	2 Qtrs
Stock options exercised	`ProceedsFromStockOptionsExercised`	$24.00	USD	2 Qtrs
Stock options exercised	`ProceedsFromStockOptionsExercised`	-	USD	2 Qtrs
Proceeds from issuance of notes payable	`ProceedsFromIssuanceOfNotesPayable`	$30.00K	USD	2 Qtrs
Proceeds from issuance of notes payable	`ProceedsFromIssuanceOfNotesPayable`	-	USD	2 Qtrs
Proceeds from issuance of notes payable - related parties	`ProceedsFromIssuanceOfNotesPayableRelatedParties`	-	USD	2 Qtrs
Proceeds from issuance of notes payable - related parties	`ProceedsFromIssuanceOfNotesPayableRelatedParties`	$20.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$31.29K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$30.00K	USD	2 Qtrs
Net decrease in cash	`CashPeriodIncreaseDecrease`	$89.00	USD	2 Qtrs
Net decrease in cash	`CashPeriodIncreaseDecrease`	$18.14K	USD	2 Qtrs
Cash at beginning of year	`CashAtBeginningOfYear`	$2.90K	USD	Point-in-time
Cash at beginning of year	`CashAtBeginningOfYear`	$269.00	USD	Point-in-time
Cash at end of year	`CashAtEndOfYear`	$358.00	USD	2 Qtrs
Cash at end of year	`CashAtEndOfYear`	$21.05K	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Notes payable - related parties	`NotesPayableRelatedParties`	$-257.44K	USD	2 Qtrs
Notes payable - related parties	`NotesPayableRelatedParties`	$-10.02K	USD	2 Qtrs
Notes payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Notes payable	`ProceedsFromNotesPayable`	$-40.00K	USD	2 Qtrs
Accrued interest	`AccruedInterest1`	$-89.40K	USD	2 Qtrs
Accrued interest	`AccruedInterest1`	$-419.00	USD	2 Qtrs
Common stock	`CommonStock`	-	USD	2 Qtrs
Common stock	`CommonStock`	$10.00	USD	2 Qtrs
Additional paid in capital	`AdditionalPaidInCapital1`	-	USD	2 Qtrs
Additional paid in capital	`AdditionalPaidInCapital1`	$10.43K	USD	2 Qtrs
Common stock issuable	`CommonStockIssuable1`	$386.84K	USD	2 Qtrs
Common stock issuable	`CommonStockIssuable1`	-	USD	2 Qtrs
Contractor liabilities	`ContractorLiabilities2`	$-214.00K	USD	2 Qtrs
Contractor liabilities	`ContractorLiabilities2`	-	USD	2 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$-19.22K	USD	2 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	-	USD	2 Qtrs
Common stock issuable	`CommonStockIssuable2`	-	USD	2 Qtrs
Common stock issuable	`CommonStockIssuable2`	$233.22K	USD	2 Qtrs
Notes payable (debt discount)	`NotesPayableDebtDiscount`	$-18.75K	USD	2 Qtrs
Notes payable (debt discount)	`NotesPayableDebtDiscount`	-	USD	2 Qtrs
Common stock issuable	`CommonStockIssuable3`	$18.75K	USD	2 Qtrs
Common stock issuable	`CommonStockIssuable3`	-	USD	2 Qtrs
Notes payable - related parties	`NotesPayableRelatedParties1`	-	USD	2 Qtrs
Notes payable - related parties	`NotesPayableRelatedParties1`	$-20.00K	USD	2 Qtrs
Accrued interest	`AccruedInterest2`	$-12.00K	USD	2 Qtrs
Accrued interest	`AccruedInterest2`	-	USD	2 Qtrs
Notes payable - related party	`NotesPayableRelatedParty`	$32.00K	USD	2 Qtrs
Notes payable - related party	`NotesPayableRelatedParty`	-	USD	2 Qtrs

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