10-K/A Filing

DMC BEVERAGE CORP. CIK: 1580426 FY 2014

Filing Information

Form Type	10-K/A
Accession Number	`0001019687-15-001557`
Period End Date	20141231
Filing Date	20150421
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	none-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 22 Cash Flow Statement 108 Stockholders Equity 16

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$2.90K	USD	Point-in-time
Cash	`Cash`	$19.13K	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$269.00	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$19.13K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$269.00	USD	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
Property and equipment , net	`PropertyPlantAndEquipmentNet`	$9.70K	USD	Point-in-time
Property and equipment , net	`PropertyPlantAndEquipmentNet`	$12.94K	USD	Point-in-time
Total assets	`Assets`	$28.83K	USD	Point-in-time
Total assets	`Assets`	$13.21K	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	13.64M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	18.41M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	18.41M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	13.64M	shares	Point-in-time
Accounts Payable	`AccountsPayableCurrentAndNoncurrent`	$756.93K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrentAndNoncurrent`	$844.94K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$7.80K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$281.12K	USD	Point-in-time
Contractor liabilities	`ContractorLiabilities`	-	USD	Point-in-time
Contractor liabilities	`ContractorLiabilities`	$214.00K	USD	Point-in-time
Coupon reimbursement liabilities	`CouponReimbursementLiabilities`	$231.76K	USD	Point-in-time
Coupon reimbursement liabilities	`CouponReimbursementLiabilities`	$304.94K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$154.30K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$114.98K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrentAndNoncurrent`	$19.22K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrentAndNoncurrent`	$200.00	USD	Point-in-time
Line-of-credit and notes payable - related parties	`NotesAndLoansPayableCurrent`	$174.73K	USD	Point-in-time
Line-of-credit and notes payable - related parties	`NotesAndLoansPayableCurrent`	$395.90K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$60.00K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$50.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.42M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.19M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.19M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.42M	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, 18,411,196 and 13,642,391 shares issued and outstanding at December 31, 2014 and December 31, 2013, respectively	`CommonStockValueOutstanding`	$1.84K	USD	Point-in-time
Common stock, $0.0001 par value, 2,000,000,000 shares authorized, 18,411,196 and 13,642,391 shares issued and outstanding at December 31, 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`	$4.71M	USD	Point-in-time
Common stock issuable	`CommonStockIssuable`	-	USD	Point-in-time
Common stock issuable	`CommonStockIssuable`	$201.00	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.68M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-2.17M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-1.71M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-1.40M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$28.83K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$13.21K	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	Annual
Revenues	`Revenues`	-	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$324.65K	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$409.91K	USD	Annual
Net loss from operations	`OperatingIncomeLoss`	$-324.65K	USD	Annual
Net loss from operations	`OperatingIncomeLoss`	$-409.91K	USD	Annual
Interest income	`InterestIncomeOther`	$597.00	USD	Annual
Interest income	`InterestIncomeOther`	$844.00	USD	Annual
Interest expense	`InterestExpense`	$105.09K	USD	Annual
Interest expense	`InterestExpense`	$123.26K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-122.67K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-104.25K	USD	Annual
Net loss before income taxes (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-428.90K	USD	Annual
Net loss before income taxes (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-532.58K	USD	Annual
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-428.90K	USD	Annual
Net loss	`NetIncomeLoss`	$-532.58K	USD	Annual
Net loss per common share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	Annual
Net loss per common share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	Annual
Weighted average number of common shares outstanding during the period - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.61M	shares	Annual
Weighted average number of common shares outstanding during the period - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.46M	shares	Annual

Cash Flow Statement 108 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-428.90K	USD	Annual
Net loss	`NetIncomeLoss`	$-532.58K	USD	Annual
Depreciation	`Depreciation`	$3.39K	USD	Annual
Depreciation	`Depreciation`	$3.24K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$46.50K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Stock issued as debt discount for loan inducement	`StockIssuedAsDebtDiscountForLoanInducement`	$-5.00K	USD	Annual
Stock issued as debt discount for loan inducement	`StockIssuedAsDebtDiscountForLoanInducement`	-	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$37.00K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$206.53K	USD	Annual
Stock option expense	`StockOptionPlanExpense`	$2.40K	USD	Annual
Stock option expense	`StockOptionPlanExpense`	$2.10K	USD	Annual
Issuance of notes payable for financing fees	`IssuanceOfNotesPayableForFinancingFees`	-	USD	Annual
Issuance of notes payable for financing fees	`IssuanceOfNotesPayableForFinancingFees`	$-10.02K	USD	Annual
Interest accrued on notes payable	`InterestAccruedOnNotesPayable`	$-118.26K	USD	Annual
Interest accrued on notes payable	`InterestAccruedOnNotesPayable`	$-62.08K	USD	Annual
Accretion of debt discount as interest	`AccretionOfDiscount`	$43.01K	USD	Annual
Accretion of debt discount as interest	`AccretionOfDiscount`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.12K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-84.27K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	-	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-672.00	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$91.15K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$138.70K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$50.66K	USD	Annual
Coupon reimbursement liabilities	`CouponReimbursementLiabilitiesIncreaseDecrease`	$-73.19K	USD	Annual
Coupon reimbursement liabilities	`CouponReimbursementLiabilitiesIncreaseDecrease`	$-2.12K	USD	Annual
Contractor liabilities	`ContractorLiabilitiesIncreaseDecrease`	-	USD	Annual
Contractor liabilities	`ContractorLiabilitiesIncreaseDecrease`	$-10.55K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-88.92K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-43.32K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	Annual
Proceeds from the sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$11.27K	USD	Annual
Proceeds from the sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$29.75K	USD	Annual
Stock options exercised	`ProceedsFromStockOptionsExercised`	$1.03K	USD	Annual
Stock options exercised	`ProceedsFromStockOptionsExercised`	$24.00	USD	Annual
Cash advanced from related parties	`IncreaseDecreaseInDueFromRelatedParties`	$-1.40K	USD	Annual
Cash advanced from related parties	`IncreaseDecreaseInDueFromRelatedParties`	-	USD	Annual
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	$10.00K	USD	Annual
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	$30.00K	USD	Annual
Proceeds from issuance of notes payable - related parties	`ProceedsFromRelatedPartyDebt`	$65.00K	USD	Annual
Proceeds from issuance of notes payable - related parties	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$62.18K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$86.29K	USD	Annual
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$18.86K	USD	Annual
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-2.64K	USD	Annual
Cash at beginning of period	`Cash`	$2.90K	USD	Point-in-time
Cash at beginning of period	`Cash`	$19.13K	USD	Point-in-time
Cash at beginning of period	`Cash`	$269.00	USD	Point-in-time
Cash at end of period	`Cash`	$2.90K	USD	Point-in-time
Cash at end of period	`Cash`	$19.13K	USD	Point-in-time
Cash at end of period	`Cash`	$269.00	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Notes payable - related parties	`ConversionOfNotePayableAndAccruedInterestToCommonStockNotesPayableRelatedParties`	$-257.44K	USD	Annual
Notes payable - related parties	`ConversionOfNotePayableAndAccruedInterestToCommonStockNotesPayableRelatedParties`	-	USD	Annual
Notes payable	`ConversionOfNotePayableAndAccruedInterestToCommonStockNotesPayable`	$-10.02K	USD	Annual
Notes payable	`ConversionOfNotePayableAndAccruedInterestToCommonStockNotesPayable`	$-40.00K	USD	Annual
Accrued interest	`ConversionOfNotePayableAndAccruedInterestToCommonStockAccruedInterest`	$-419.00	USD	Annual
Accrued interest	`ConversionOfNotePayableAndAccruedInterestToCommonStockAccruedInterest`	$-89.40K	USD	Annual
Common stock	`ConversionOfNotePayableAndAccruedInterestToCommonStockCommonStock`	$92.00	USD	Annual
Common stock	`ConversionOfNotePayableAndAccruedInterestToCommonStockCommonStock`	$10.00	USD	Annual
Additional paid in capital	`ConversionOfNotePayableAndAccruedInterestToCommonStockAdditionalPaidInCapital`	$10.43K	USD	Annual
Additional paid in capital	`ConversionOfNotePayableAndAccruedInterestToCommonStockAdditionalPaidInCapital`	$371.75K	USD	Annual
Common stock issuable	`ConversionOfNotePayableAndAccruedInterestToCommonStockPayable`	$15.00K	USD	Annual
Common stock issuable	`ConversionOfNotePayableAndAccruedInterestToCommonStockPayable`	-	USD	Annual
Contractor liabilities	`ConversionOfContractorLiabilitiesAndAmountsDueToRelatedPartiesToCommonStockContractorLiabilities`	$-214.00K	USD	Annual
Contractor liabilities	`ConversionOfContractorLiabilitiesAndAmountsDueToRelatedPartiesToCommonStockContractorLiabilities`	-	USD	Annual
Due to related parties	`ConversionOfContractorLiabilitiesAndAmountsDueToRelatedPartiesToCommonStockDueToRelatedParties`	-	USD	Annual
Due to related parties	`ConversionOfContractorLiabilitiesAndAmountsDueToRelatedPartiesToCommonStockDueToRelatedParties`	$-19.22K	USD	Annual
Common stock	`ConversionOfContractorLiabilitiesAndAmountsDueToRelatedPartiesToCommonStockCommonStock`	$58.00	USD	Annual
Common stock	`ConversionOfContractorLiabilitiesAndAmountsDueToRelatedPartiesToCommonStockCommonStock`	-	USD	Annual
Additional paid in capital	`ConversionOfContractorLiabilitiesAndAmountsDueToRelatedPartiesToCommonStockAdditionalPaidInCapital`	$233.16K	USD	Annual
Additional paid in capital	`ConversionOfContractorLiabilitiesAndAmountsDueToRelatedPartiesToCommonStockAdditionalPaidInCapital`	-	USD	Annual
Accrued salaries	`ConversionOfAccruedSalariesToCommonStockAccruedSalaries`	$-275.98K	USD	Annual
Accrued salaries	`ConversionOfAccruedSalariesToCommonStockAccruedSalaries`	-	USD	Annual
Common stock	`ConversionAccruedSalariesToCommonStockCommonStock`	-	USD	Annual
Common stock	`ConversionAccruedSalariesToCommonStockCommonStock`	$69.00	USD	Annual
Additional paid in capital	`ConversionAccruedSalariesToCommonStockAdditionalPaidInCapital`	$275.91K	USD	Annual
Additional paid in capital	`ConversionAccruedSalariesToCommonStockAdditionalPaidInCapital`	-	USD	Annual
Common stock issuable	`ConversionOfAccruedSalariesToCommonStockCommonStockIssuable`	-	USD	Annual
Common stock issuable	`ConversionOfAccruedSalariesToCommonStockCommonStockIssuable`	-	USD	Annual
Accrued salaries	`ConversionOfAccruedSalariesToNotePayableAccruedSalaries`	-	USD	Annual
Accrued salaries	`ConversionOfAccruedSalariesToNotePayableAccruedSalaries`	$-48.00K	USD	Annual
Notes payable - related parties	`ConversionOfAccruedSalariesToNotePayableNotesPayableRelatedParties`	-	USD	Annual
Notes payable - related parties	`ConversionOfAccruedSalariesToNotePayableNotesPayableRelatedParties`	$48.00K	USD	Annual
Note payable discount (beneficial conversion feature)	`NotePayableDiscountBeneficialConversionFeature`	-	USD	Annual
Note payable discount (beneficial conversion feature)	`NotePayableDiscountBeneficialConversionFeature`	$-48.00K	USD	Annual
Additional paid in capital	`ConversionOfAccruedSalariesToNotePayableAdditionalPaidInCapital`	-	USD	Annual
Additional paid in capital	`ConversionOfAccruedSalariesToNotePayableAdditionalPaidInCapital`	$48.00K	USD	Annual
Notes payable (debt discount)	`CommonStockIssuedAsDebtDiscountOnNotesPayableNotesPayableDebtDiscount`	$-18.75K	USD	Annual
Notes payable (debt discount)	`CommonStockIssuedAsDebtDiscountOnNotesPayableNotesPayableDebtDiscount`	-	USD	Annual
Common stock	`CommonStockIssuedAsDebtDiscountOnNotesPayableCommonStock`	-	USD	Annual
Common stock	`CommonStockIssuedAsDebtDiscountOnNotesPayableCommonStock`	$8.00	USD	Annual
Additional paid in capital	`CommonStockIssuedAsDebtDiscountOnNotesPayableAdditionalPaidInCapital`	$18.74K	USD	Annual
Additional paid in capital	`CommonStockIssuedAsDebtDiscountOnNotesPayableAdditionalPaidInCapital`	-	USD	Annual
Notes payable - related parties	`AssignmentOfNotesPayableNotesPayableRelatedParties`	$-20.00K	USD	Annual
Notes payable - related parties	`AssignmentOfNotesPayableNotesPayableRelatedParties`	-	USD	Annual
Accrued interest	`AssignmentOfNotesPayableAccruedInterest`	-	USD	Annual
Accrued interest	`AssignmentOfNotesPayableAccruedInterest`	$-12.00K	USD	Annual
Notes payable - related parties	`AssignmentOfNotesPayableNotesPayableRelatedParties2`	$32.00K	USD	Annual
Notes payable - related parties	`AssignmentOfNotesPayableNotesPayableRelatedParties2`	-	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$-2.17M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-1.71M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-1.40M	USD	Point-in-time
Common stock issued for services, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	228,419.00	shares	Annual
Stock option expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$2.10K	USD	Annual
Stock options exercised, amount	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.03K	USD	Annual
Common stock issued in conversion of debt, amount	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$882.23K	USD	Annual
Common stock issuable in conversion of debt, amount	`CommonStockIssuableInConversionOfDebtAmount`	$15.00K	USD	Annual
Beneficial conversion feature on note payable	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$48.00K	USD	Annual
Common stock issuable for stock option exercise	`CommonStockIssuableForStockOptionExerciseAmount`	$19.75K	USD	Annual
Common stock issued for cash, amount	`StockIssuedDuringPeriodValueNewIssues`	$10.00K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-428.90K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-532.58K	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$-2.17M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-1.71M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-1.40M	USD	Point-in-time

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