10-Q Filing

DMC BEVERAGE CORP. CIK: 1580426 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001019687-15-002057`
Period End Date	20150331
Filing Date	20150520
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	none-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 22 Cash Flow Statement 60

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`	$19.13K	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$9.68K	USD	Point-in-time
Cash	`Cash`	$269.00	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$7.57K	USD	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`	$7.57K	USD	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property and equipment , net	`PropertyPlantAndEquipmentNet`	$8.91K	USD	Point-in-time
Property and equipment , net	`PropertyPlantAndEquipmentNet`	$9.70K	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
Common stock shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Total assets	`Assets`	$28.83K	USD	Point-in-time
Total assets	`Assets`	$16.47K	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	18.41M	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`	18.41M	shares	Point-in-time
Accounts Payable	`AccountsPayableCurrentAndNoncurrent`	$844.94K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrentAndNoncurrent`	$844.14K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$7.80K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$7.80K	USD	Point-in-time
Coupon reimbursement liabilities	`CouponReimbursementLiabilities`	$231.76K	USD	Point-in-time
Coupon reimbursement liabilities	`CouponReimbursementLiabilities`	$231.76K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$125.34K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$114.98K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrentAndNoncurrent`	$200.00	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrentAndNoncurrent`	$200.00	USD	Point-in-time
Line-of-credit and notes payable - related parties	`NotesAndLoansPayableCurrent`	$198.46K	USD	Point-in-time
Line-of-credit and notes payable - related parties	`NotesAndLoansPayableCurrent`	$174.73K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$50.00K	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`	$1.46M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.46M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.42M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	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 shares issued and outstanding at March 31, 2015 and December 31, 2014	`CommonStockValueOutstanding`	$1.84K	USD	Point-in-time
Common stock, $0.0001 par value, 2,000,000,000 shares authorized, 18,411,196 shares issued and outstanding at March 31, 2015 and December 31, 2014	`CommonStockValueOutstanding`	$1.84K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.71M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.71M	USD	Point-in-time
Common stock issuable	`CommonStockIssuable`	$201.00	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`	$-6.15M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.40M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.44M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$28.83K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$16.47K	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$11.86K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$133.92K	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-133.92K	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-11.86K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$1.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	$226.00	USD	1 Quarter
Interest expense	`InterestExpense`	$34.10K	USD	1 Quarter
Interest expense	`InterestExpense`	$27.81K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-34.10K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-27.58K	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-45.96K	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-161.50K	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-45.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-161.50K	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`	-	USD	1 Quarter
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`	18.41M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-45.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-161.50K	USD	1 Quarter
Depreciation	`Depreciation`	$792.00	USD	1 Quarter
Depreciation	`Depreciation`	$792.00	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$40.75K	USD	1 Quarter
Stock option expense	`StockOptionPlanExpense`	$600.00	USD	1 Quarter
Stock option expense	`StockOptionPlanExpense`	$300.00	USD	1 Quarter
Interest accrued on notes payable	`IncreaseDecreaseInInterestPayableNet`	$24.25K	USD	1 Quarter
Interest accrued on notes payable	`IncreaseDecreaseInInterestPayableNet`	$10.36K	USD	1 Quarter
Accretion of debt discount as interest	`AccretionOfDiscount`	$3.55K	USD	1 Quarter
Accretion of debt discount as interest	`AccretionOfDiscount`	$23.74K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-800.00	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$22.44K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	-	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$55.98K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-13.13K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-11.56K	USD	1 Quarter
Cash advanced to related parties, net	`IncreaseDecreaseInDueToRelatedParties`	$-7.46K	USD	1 Quarter
Cash advanced to related parties, net	`IncreaseDecreaseInDueToRelatedParties`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.46K	USD	1 Quarter
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	$30.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$30.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	1 Quarter
Net (decrease) increase in cash	`CashPeriodIncreaseDecrease`	$9.41K	USD	1 Quarter
Net (decrease) increase in cash	`CashPeriodIncreaseDecrease`	$-11.56K	USD	1 Quarter
Cash at beginning of period	`Cash`	$19.13K	USD	Point-in-time
Cash at beginning of period	`Cash`	$9.68K	USD	Point-in-time
Cash at beginning of period	`Cash`	$269.00	USD	Point-in-time
Cash at beginning of period	`Cash`	$7.57K	USD	Point-in-time
Cash at end of period	`Cash`	$19.13K	USD	Point-in-time
Cash at end of period	`Cash`	$9.68K	USD	Point-in-time
Cash at end of period	`Cash`	$269.00	USD	Point-in-time
Cash at end of period	`Cash`	$7.57K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Notes payable - related parties	`ConversionOfNotePayableAndAccruedInterestToCommonStockNotesPayableRelatedParties`	$-157.44K	USD	1 Quarter
Notes payable - related parties	`ConversionOfNotePayableAndAccruedInterestToCommonStockNotesPayableRelatedParties`	-	USD	1 Quarter
Notes payable	`ConversionOfNotePayableAndAccruedInterestToCommonStockNotesPayable`	$-10.00K	USD	1 Quarter
Notes payable	`ConversionOfNotePayableAndAccruedInterestToCommonStockNotesPayable`	-	USD	1 Quarter
Accrued interest	`ConversionOfNotePayableAndAccruedInterestToCommonStockAccruedInterest`	$-45.81K	USD	1 Quarter
Accrued interest	`ConversionOfNotePayableAndAccruedInterestToCommonStockAccruedInterest`	-	USD	1 Quarter
Additional paid in capital	`ConversionOfNotePayableAndAccruedInterestToCommonStockAdditionalPaidInCapital`	-	USD	1 Quarter
Additional paid in capital	`ConversionOfNotePayableAndAccruedInterestToCommonStockAdditionalPaidInCapital`	$300.00	USD	1 Quarter
Common stock issuable	`ConversionOfNotePayableAndAccruedInterestToCommonStockPayable`	$213.25K	USD	1 Quarter
Common stock issuable	`ConversionOfNotePayableAndAccruedInterestToCommonStockPayable`	-	USD	1 Quarter
Contractor liabilities	`ConversionOfContractorLiabilitiesAndAmountsDueToRelatedPartiesToCommonStockContractorLiabilities`	-	USD	1 Quarter
Contractor liabilities	`ConversionOfContractorLiabilitiesAndAmountsDueToRelatedPartiesToCommonStockContractorLiabilities`	$-175.00K	USD	1 Quarter
Due to related parties	`ConversionOfContractorLiabilitiesAndAmountsDueToRelatedPartiesToCommonStockDueToRelatedParties`	$-19.22K	USD	1 Quarter
Due to related parties	`ConversionOfContractorLiabilitiesAndAmountsDueToRelatedPartiesToCommonStockDueToRelatedParties`	-	USD	1 Quarter
Common stock issuable	`ConversionOfContractorLiabilitiesAndAmountsDueToRelatedPartiesToCommonStockCommonStock`	$194.22K	USD	1 Quarter
Common stock issuable	`ConversionOfContractorLiabilitiesAndAmountsDueToRelatedPartiesToCommonStockCommonStock`	-	USD	1 Quarter
Notes payable (debt discount)	`CommonStockIssuedAsDebtDiscountOnNotesPayableNotesPayableDebtDiscount`	-	USD	1 Quarter
Notes payable (debt discount)	`CommonStockIssuedAsDebtDiscountOnNotesPayableNotesPayableDebtDiscount`	$-18.75K	USD	1 Quarter
Common stock issuable	`CommonStockIssuedAsDebtDiscountOnNotesPayableCommonStock`	-	USD	1 Quarter
Common stock issuable	`CommonStockIssuedAsDebtDiscountOnNotesPayableCommonStock`	$18.75K	USD	1 Quarter

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