10-Q Filing

MASS MEGAWATTS WIND POWER INC CIK: 1117228 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001354488-12-001154`
Period End Date	20120131
Filing Date	20120315
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	mmmw-20120131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 38 Income Statement 56 Cash Flow Statement 50

Balance Sheet 38 line items

Line Item	Tag	Value	Unit	Period
Fixed assets, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$29.49K	USD	Point-in-time
Fixed assets, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$31.32K	USD	Point-in-time
Cash	`Cash`	$26.28K	USD	Point-in-time
Cash	`Cash`	$27.91K	USD	Point-in-time
Cash	`Cash`	$165.71K	USD	Point-in-time
Cash	`Cash`	$37.59K	USD	Point-in-time
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.07K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.34K	USD	Point-in-time
Common stock, par value	`CommonStockNoParValue`	-	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
Total current assets	`AssetsCurrent`	$39.93K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$31.34K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.00M	shares	Point-in-time
Fixed assets, net of accumulated depreciation of $31,322 and $29,487, respectively	`PropertyPlantAndEquipmentNet`	$9.45K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.24M	shares	Point-in-time
Fixed assets, net of accumulated depreciation of $31,322 and $29,487, respectively	`PropertyPlantAndEquipmentNet`	$2.62K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.00M	shares	Point-in-time
Total Assets	`Assets`	$33.96K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.24M	shares	Point-in-time
Total Assets	`Assets`	$49.38K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$10.57K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$62.34K	USD	Point-in-time
Due to stockholder	`DueToOfficersOrStockholdersCurrent`	$37.32K	USD	Point-in-time
Due to stockholder	`DueToOfficersOrStockholdersCurrent`	$33.20K	USD	Point-in-time
Deferred income	`DeferredRevenueCurrent`	-	USD	Point-in-time
Deferred income	`DeferredRevenueCurrent`	$11.07K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$54.84K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$99.66K	USD	Point-in-time
Common stock; no par value; 18,000,000 shares authorized; 14,997,682 and 10,242,561 issued and outstanding, respectively	`CommonStockValue`	$6.29M	USD	Point-in-time
Common stock; no par value; 18,000,000 shares authorized; 14,997,682 and 10,242,561 issued and outstanding, respectively	`CommonStockValue`	$6.02M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-6.34M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-6.04M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-20.88K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-50.28K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$33.96K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$49.38K	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Contract revenues earned	`ContractsRevenue`	-	USD	1 Quarter
Contract revenues earned	`ContractsRevenue`	-	USD	3 Qtrs
Contract revenues earned	`ContractsRevenue`	$15.83K	USD	3 Qtrs
Contract revenues earned	`ContractsRevenue`	$4.50K	USD	1 Quarter
Direct contracting costs	`ContractRevenueCost`	-	USD	1 Quarter
Direct contracting costs	`ContractRevenueCost`	-	USD	3 Qtrs
Direct contracting costs	`ContractRevenueCost`	$276.00	USD	3 Qtrs
Direct contracting costs	`ContractRevenueCost`	-	USD	1 Quarter
Contracting profit	`GrossProfit`	-	USD	1 Quarter
Contracting profit	`GrossProfit`	-	USD	3 Qtrs
Contracting profit	`GrossProfit`	$4.50K	USD	1 Quarter
Contracting profit	`GrossProfit`	$15.55K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$79.87K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$303.29K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$134.37K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$353.19K	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$1.70K	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$1.83K	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$701.00	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$565.00	USD	1 Quarter
Total operating costs	`OperatingExpenses`	$354.89K	USD	3 Qtrs
Total operating costs	`OperatingExpenses`	$80.44K	USD	1 Quarter
Total operating costs	`OperatingExpenses`	$305.12K	USD	3 Qtrs
Total operating costs	`OperatingExpenses`	$135.07K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-130.57K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-289.57K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-80.44K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-354.89K	USD	3 Qtrs
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.42K	USD	3 Qtrs
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.42K	USD	1 Quarter
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$3.47K	USD	1 Quarter
Interest expense	`InterestExpense`	$243.00	USD	3 Qtrs
Interest expense	`InterestExpense`	$7.68K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$215.00	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$4.00	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$4.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$24.00	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-28.00	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-5.88K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$24.00	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-10.09K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-299.66K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-136.45K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-80.41K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-354.92K	USD	3 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
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	3 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	3 Qtrs
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfCommonSharesBasicAndDiluted`	11.96M	shares	1 Quarter
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfCommonSharesBasicAndDiluted`	9.71M	shares	1 Quarter
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfCommonSharesBasicAndDiluted`	9.42M	shares	3 Qtrs
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfCommonSharesBasicAndDiluted`	10.95M	shares	3 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-299.66K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-136.45K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-80.41K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-354.92K	USD	3 Qtrs
Shares issued for services	`ShareBasedCompensation`	$67.95K	USD	3 Qtrs
Shares issued for services	`ShareBasedCompensation`	$8.28K	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$1.70K	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$1.83K	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$701.00	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$565.00	USD	1 Quarter
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.42K	USD	3 Qtrs
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.42K	USD	1 Quarter
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.99K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.73K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.57K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$51.77K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-11.07K	USD	3 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-184.04K	USD	3 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-352.49K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.67K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.67K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$206.33K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$166.07K	USD	3 Qtrs
Net borrowings on shareholder credit cards	`NetBorrowingsOnShareholderCreditCards`	$19.65K	USD	3 Qtrs
Net borrowings on shareholder credit cards	`NetBorrowingsOnShareholderCreditCards`	$8.36K	USD	3 Qtrs
Borrowings on related party debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
Borrowings on related party debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$18.30K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$214.69K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$204.02K	USD	3 Qtrs
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.31K	USD	3 Qtrs
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-137.80K	USD	3 Qtrs
CASH AT BEGINNING OF PERIOD	`Cash`	$26.28K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`Cash`	$27.91K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`Cash`	$165.71K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`Cash`	$37.59K	USD	Point-in-time
CASH AT END OF PERIOD	`Cash`	$26.28K	USD	Point-in-time
CASH AT END OF PERIOD	`Cash`	$27.91K	USD	Point-in-time
CASH AT END OF PERIOD	`Cash`	$165.71K	USD	Point-in-time
CASH AT END OF PERIOD	`Cash`	$37.59K	USD	Point-in-time
Interest paid	`InterestPaid`	$243.00	USD	3 Qtrs
Interest paid	`InterestPaid`	$7.64K	USD	3 Qtrs
Income tax paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Income tax paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Shares issued in settlement of related party debt	`DebtConversionConvertedInstrumentAmount1`	$33.83K	USD	3 Qtrs
Shares issued in settlement of related party debt	`DebtConversionConvertedInstrumentAmount1`	-	USD	3 Qtrs

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