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10-Q Filing

DIGITALTOWN, INC. CIK: 1065598 Q1 2013
Filing Information
Form Type 10-Q
Accession Number 0001056520-13-000154
Period End Date 20130531
Filing Date 20130715
Fiscal Year 2013
Fiscal Period Q1
XBRL Instance dgtw-20130531.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 line items
Line Item Tag Value Unit Period
Common Stock, $0.01 par value, shares authorized CommonStockSharesAuthorized 2.00B shares Point-in-time
Common Stock, $0.01 par value, shares authorized CommonStockSharesAuthorized 2.00B shares Point-in-time
Common Stock, $0.01 par value, shares issued and outstanding CommonStockSharesIssued 29.16M shares Point-in-time
Common Stock, $0.01 par value, shares issued and outstanding CommonStockSharesIssued 29.16M shares Point-in-time
Cash Cash $13.79K USD Point-in-time
Cash Cash $36.01K USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $86.00 USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $6.78K USD Point-in-time
Current portion of prepaid domain name renewal fees IndefiniteLivedTradeNames $47.66K USD Point-in-time
Current portion of prepaid domain name renewal fees IndefiniteLivedTradeNames $133.16K USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $5.67K USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $4.68K USD Point-in-time
Total current assets AssetsCurrent $151.73K USD Point-in-time
Total current assets AssetsCurrent $96.12K USD Point-in-time
Prepaid domain name renewal fees, net of current portion PrepaidExpenseOtherNoncurrent - USD Point-in-time
Prepaid domain name renewal fees, net of current portion PrepaidExpenseOtherNoncurrent - USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $14.55K USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $17.25K USD Point-in-time
Intangible assets, net OtherIntangibleAssetsNet $1.00M USD Point-in-time
Intangible assets, net OtherIntangibleAssetsNet $979.27K USD Point-in-time
Total assets Assets $1.15M USD Point-in-time
Total assets Assets $1.12M USD Point-in-time
Accounts payable AccountsPayableCurrent $225.05K USD Point-in-time
Accounts payable AccountsPayableCurrent $243.14K USD Point-in-time
Accounts payable - related party AccountsPayableRelatedPartiesCurrent $13.99K USD Point-in-time
Accounts payable - related party AccountsPayableRelatedPartiesCurrent $7.45K USD Point-in-time
Loans from director/stockholders, net of discount LongTermDebtNoncurrent $49.00K USD Point-in-time
Loans from director/stockholders, net of discount LongTermDebtNoncurrent $191.97K USD Point-in-time
Deferred revenue DeferredRevenue $9.11K USD Point-in-time
Deferred revenue DeferredRevenue $9.11K USD Point-in-time
Accrued payroll EmployeeRelatedLiabilitiesCurrent $12.54K USD Point-in-time
Accrued payroll EmployeeRelatedLiabilitiesCurrent $3.12K USD Point-in-time
Deferred officer compensation DeferredCompensationArrangementWithIndividualRecordedLiability $215.87K USD Point-in-time
Deferred officer compensation DeferredCompensationArrangementWithIndividualRecordedLiability $152.31K USD Point-in-time
Total current liabilities LiabilitiesCurrent $677.21K USD Point-in-time
Total current liabilities LiabilitiesCurrent $455.46K USD Point-in-time
Common stock, $0.01 par value, 2,000,000,000 shares authorized, 29,160,599 and 29,160,599 shares issued and outstanding at May 31, 2013 and February 28, 2013, respectively CommonStockParOrStatedValuePerShare $291.60K USD Point-in-time
Common stock, $0.01 par value, 2,000,000,000 shares authorized, 29,160,599 and 29,160,599 shares issued and outstanding at May 31, 2013 and February 28, 2013, respectively CommonStockParOrStatedValuePerShare $291.60K USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapital $26.83M USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapital $27.23M USD Point-in-time
Subscriptions receivable StockholdersEquityNoteSubscriptionsReceivable $-978.85K USD Point-in-time
Subscriptions receivable StockholdersEquityNoteSubscriptionsReceivable $-910.85K USD Point-in-time
Accumulated deficit DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage $-26.14M USD Point-in-time
Accumulated deficit DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage $-25.48M USD Point-in-time
Total stockholders equity StockholdersEquity $660.78K USD Point-in-time
Total stockholders equity StockholdersEquity $468.34K USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $1.15M USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $1.12M USD Point-in-time
Income Statement 26 line items
Line Item Tag Value Unit Period
Revenues Revenues $309.00 USD 1 Quarter
Revenues Revenues $7.97K USD 1 Quarter
Cost of revenues CostOfRevenue $81.20K USD 1 Quarter
Cost of revenues CostOfRevenue $119.38K USD 1 Quarter
Gross profit (loss) ProfitLoss $-111.40K USD 1 Quarter
Gross profit (loss) ProfitLoss $-80.89K USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $568.18K USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $448.45K USD 1 Quarter
Loss from operations IncomeLossFromContinuingOperations $-649.07K USD 1 Quarter
Loss from operations IncomeLossFromContinuingOperations $-55.85K USD 1 Quarter
Interest expense InterestExpense $-15.41K USD 1 Quarter
Interest expense InterestExpense - USD 1 Quarter
Other income OtherIncome - USD 1 Quarter
Other income OtherIncome $174.40K USD 1 Quarter
Total other income (expense) OtherIncomeTaxExpenseBenefitContinuingOperations $-15.41K USD 1 Quarter
Total other income (expense) OtherIncomeTaxExpenseBenefitContinuingOperations $174.40K USD 1 Quarter
Net loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic $-664.49K USD 1 Quarter
Net loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic $-385.45K USD 1 Quarter
Income tax provision IncomeTaxCreditsAndAdjustments - USD 1 Quarter
Income tax provision IncomeTaxCreditsAndAdjustments - USD 1 Quarter
Net loss NetIncomeLoss $-385.45K USD 1 Quarter
Net loss NetIncomeLoss $-664.49K USD 1 Quarter
Net loss per common share - basic and diluted IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $-0.01 USD 1 Quarter
Net loss per common share - basic and diluted IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $-0.02 USD 1 Quarter
Weighted average common shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 29.11M shares 1 Quarter
Weighted average common shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 29.16M shares 1 Quarter
Cash Flow Statement 62 line items
Line Item Tag Value Unit Period
Net loss OperatingIncomeLoss $-385.45K USD 1 Quarter
Net loss OperatingIncomeLoss $-664.49K USD 1 Quarter
Depreciation Depreciation $2.69K USD 1 Quarter
Depreciation Depreciation $3.00K USD 1 Quarter
Amortization of website development costs AmortizationOfIntangibleAssets $29.29K USD 1 Quarter
Amortization of website development costs AmortizationOfIntangibleAssets $27.34K USD 1 Quarter
Stock-based compensation expense AllocatedShareBasedCompensationExpense $104.27K USD 1 Quarter
Stock-based compensation expense AllocatedShareBasedCompensationExpense $383.79K USD 1 Quarter
Stock issued for director fees ShareBasedGoodsAndNonemployeeServicesTransactionCapitalizedCost - USD 1 Quarter
Stock issued for director fees ShareBasedGoodsAndNonemployeeServicesTransactionCapitalizedCost $8.71K USD 1 Quarter
Gain from sale of domain name GainLossOnDispositionOfIntangibleAssets $-174.30K USD 1 Quarter
Gain from sale of domain name GainLossOnDispositionOfIntangibleAssets - USD 1 Quarter
Amortization of debt discount AmortizationOfFinancingCostsAndDiscounts - USD 1 Quarter
Amortization of debt discount AmortizationOfFinancingCostsAndDiscounts $13.50K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $6.70K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $3.65K USD 1 Quarter
Prepaid domain name renewal fees IncreaseDecreaseInPrepaidExpensesOther $36.91K USD 1 Quarter
Prepaid domain name renewal fees IncreaseDecreaseInPrepaidExpensesOther $-85.51K USD 1 Quarter
Prepaid expense IncreaseDecreaseInPrepaidExpense $990.00 USD 1 Quarter
Prepaid expense IncreaseDecreaseInPrepaidExpense $4.09K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $18.09K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $91.89K USD 1 Quarter
Accounts payable - related parties IncreaseDecreaseInAccountsPayableRelatedParties - USD 1 Quarter
Accounts payable - related parties IncreaseDecreaseInAccountsPayableRelatedParties $6.55K USD 1 Quarter
Accrued payroll IncreaseDecreaseInEmployeeRelatedLiabilities $20.37K USD 1 Quarter
Accrued payroll IncreaseDecreaseInEmployeeRelatedLiabilities $-9.41K USD 1 Quarter
Deferred officer compensation IncreaseDecreaseInDeferredCompensation - USD 1 Quarter
Deferred officer compensation IncreaseDecreaseInDeferredCompensation $63.56K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $8.19K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue - USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-249.40K USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-236.20K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquireProductiveAssets - USD 1 Quarter
Purchase of property and equipment PaymentsToAcquireProductiveAssets $-4.53K USD 1 Quarter
Purchase of intangible asset - website development PaymentsToAcquireIntangibleAssets $-3.33K USD 1 Quarter
Purchase of intangible asset - website development PaymentsToAcquireIntangibleAssets - USD 1 Quarter
Purchases of intangible assets - domain names FinitelivedIntangibleAssetsAcquired1 $-403.00 USD 1 Quarter
Purchases of intangible assets - domain names FinitelivedIntangibleAssetsAcquired1 $-1.61K USD 1 Quarter
Proceeds from sale of domain name ProceedsFromSaleOfIntangibleAssets $175.00K USD 1 Quarter
Proceeds from sale of domain name ProceedsFromSaleOfIntangibleAssets - USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-3.73K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $168.87K USD 1 Quarter
Proceeds from loan - director/stockholder ProceedsFromLoans - USD 1 Quarter
Proceeds from loan - director/stockholder ProceedsFromLoans $150.00K USD 1 Quarter
Payments on loan - director/stockholder PaymentsForLoans - USD 1 Quarter
Payments on loan - director/stockholder PaymentsForLoans $-278.00 USD 1 Quarter
Payments received on stockholder subscription receivables ProceedsFromOtherEquity $68.00K USD 1 Quarter
Payments received on stockholder subscription receivables ProceedsFromOtherEquity $50.00K USD 1 Quarter
Proceeds from issuance of stock ProceedsFromIssuanceOfCommonStock $75.00K USD 1 Quarter
Proceeds from issuance of stock ProceedsFromIssuanceOfCommonStock - USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $125.00K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $217.72K USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-22.21K USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $44.47K USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $36.01K USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $221.90K USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $266.37K USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $13.79K USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $36.01K USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $221.90K USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $266.37K USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $13.79K USD Point-in-time

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

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