10-Q Filing

MASS MEGAWATTS WIND POWER INC CIK: 1117228 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001354488-11-005006`
Period End Date	20111031
Filing Date	20111215
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	mmmw-20110731.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 38 Income Statement 52 Cash Flow Statement 40

Balance Sheet 38 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$26.28K	USD	Point-in-time
Fixed assets, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$29.49K	USD	Point-in-time
Cash	`Cash`	$165.71K	USD	Point-in-time
Cash	`Cash`	$2.99K	USD	Point-in-time
Fixed assets, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$30.62K	USD	Point-in-time
Cash	`Cash`	$116.12K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.07K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.85K	USD	Point-in-time
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.85K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$31.34K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	18.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	18.00M	shares	Point-in-time
Fixed assets, net of accumulated depreciation of $30,621 and $29,487, respectively	`PropertyPlantAndEquipmentNet`	$2.62K	USD	Point-in-time
Fixed assets, net of accumulated depreciation of $30,621 and $29,487, respectively	`PropertyPlantAndEquipmentNet`	$1.48K	USD	Point-in-time
Total Assets	`Assets`	$33.96K	USD	Point-in-time
Total Assets	`Assets`	$8.33K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.24M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.85M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.85M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.24M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$83.08K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$10.57K	USD	Point-in-time
Due to stockholder	`DueToRelatedPartiesCurrent`	$33.20K	USD	Point-in-time
Due to stockholder	`DueToRelatedPartiesCurrent`	$74.53K	USD	Point-in-time
Deferred income	`DeferredRevenueCurrent`	-	USD	Point-in-time
Deferred income	`DeferredRevenueCurrent`	$11.07K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$157.61K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$54.84K	USD	Point-in-time
Common stock; no par value; 18,000,000 shares authorized; 10,347,825 and 10,242,561 issued and outstanding, respectively	`CommonStockValue`	$6.05M	USD	Point-in-time
Common stock; no par value; 18,000,000 shares authorized; 10,347,825 and 10,242,561 issued and outstanding, respectively	`CommonStockValue`	$6.02M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-6.04M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-6.20M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-149.28K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-20.88K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$33.96K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$8.33K	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Contract revenues earned	`Revenues`	-	USD	1 Quarter
Contract revenues earned	`Revenues`	$11.33K	USD	2 Qtrs
Contract revenues earned	`Revenues`	$11.33K	USD	1 Quarter
Contract revenues earned	`Revenues`	-	USD	2 Qtrs
Direct contracting costs	`CostOfRevenue`	-	USD	2 Qtrs
Direct contracting costs	`CostOfRevenue`	$276.00	USD	1 Quarter
Direct contracting costs	`CostOfRevenue`	-	USD	1 Quarter
Direct contracting costs	`CostOfRevenue`	$276.00	USD	2 Qtrs
Contracting profit	`GrossProfit`	-	USD	2 Qtrs
Contracting profit	`GrossProfit`	$11.05K	USD	2 Qtrs
Contracting profit	`GrossProfit`	-	USD	1 Quarter
Contracting profit	`GrossProfit`	$11.05K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$123.58K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$168.91K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$72.27K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$273.31K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$567.00	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$1.13K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$1.13K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$567.00	USD	1 Quarter
Total operating costs	`OperatingExpenses`	$124.15K	USD	1 Quarter
Total operating costs	`OperatingExpenses`	$274.44K	USD	2 Qtrs
Total operating costs	`OperatingExpenses`	$72.84K	USD	1 Quarter
Total operating costs	`OperatingExpenses`	$170.05K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-124.15K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-159.00K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-274.44K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-61.78K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.56K	USD	1 Quarter
Interest expense	`InterestExpense`	$4.21K	USD	2 Qtrs
Interest expense	`InterestExpense`	$21.00	USD	1 Quarter
Interest expense	`InterestExpense`	$248.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	-	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$68.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$191.00	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-2.56K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$47.00	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-4.21K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-57.00	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-124.10K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-64.34K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-274.50K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-163.21K	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfCommonSharesBasicAndDiluted`	10.62M	shares	1 Quarter
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfCommonSharesBasicAndDiluted`	9.42M	shares	1 Quarter
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfCommonSharesBasicAndDiluted`	9.28M	shares	2 Qtrs
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfCommonSharesBasicAndDiluted`	10.45M	shares	2 Qtrs

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-124.10K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-64.34K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-274.50K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-163.21K	USD	2 Qtrs
Shares issued for services	`ShareBasedCompensation`	$6.80K	USD	2 Qtrs
Shares issued for services	`ShareBasedCompensation`	$9.06K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$567.00	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$1.13K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$1.13K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$567.00	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-976.00	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.21K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$72.51K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-938.00	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-11.07K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-268.48K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-90.37K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$206.33K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$25.75K	USD	2 Qtrs
Net borrowings on shareholder credit cards	`NetBorrowingsOnShareholderCreditCards`	$12.57K	USD	2 Qtrs
Net borrowings on shareholder credit cards	`NetBorrowingsOnShareholderCreditCards`	$23.03K	USD	2 Qtrs
Borrowings on related party debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Borrowings on related party debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$18.30K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$67.08K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$218.90K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-49.58K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-23.28K	USD	2 Qtrs
CASH AT BEGINNING OF PERIOD	`Cash`	$26.28K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`Cash`	$165.71K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`Cash`	$2.99K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`Cash`	$116.12K	USD	Point-in-time
CASH AT END OF PERIOD	`Cash`	$26.28K	USD	Point-in-time
CASH AT END OF PERIOD	`Cash`	$165.71K	USD	Point-in-time
CASH AT END OF PERIOD	`Cash`	$2.99K	USD	Point-in-time
CASH AT END OF PERIOD	`Cash`	$116.12K	USD	Point-in-time
Interest paid	`InterestPaid`	$4.17K	USD	2 Qtrs
Interest paid	`InterestPaid`	$248.00	USD	2 Qtrs
Income tax paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income tax paid	`IncomeTaxesPaid`	-	USD	2 Qtrs

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