10-K Filing

MASS MEGAWATTS WIND POWER INC CIK: 1117228 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001354488-12-003699`
Period End Date	20120430
Filing Date	20120730
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	mmmw-20120430.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 38 Income Statement 28 Cash Flow Statement 43 Stockholders Equity 12

Balance Sheet 38 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$26.28K	USD	Point-in-time
Cash	`Cash`	$165.71K	USD	Point-in-time
Cash	`Cash`	$41.48K	USD	Point-in-time
Fixed assets, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$29.49K	USD	Point-in-time
Fixed assets, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$32.29K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.68K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.07K	USD	Point-in-time
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$43.17K	USD	Point-in-time
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$31.34K	USD	Point-in-time
Fixed assets, net of accumulated depreciation of $32,291 and $29,487, respectively	`PropertyPlantAndEquipmentNet`	$8.48K	USD	Point-in-time
Fixed assets, net of accumulated depreciation of $32,291 and $29,487, respectively	`PropertyPlantAndEquipmentNet`	$2.62K	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
Common stock, shares issued	`CommonStockSharesIssued`	10.24M	shares	Point-in-time
Total Assets	`Assets`	$51.65K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	17.07M	shares	Point-in-time
Total Assets	`Assets`	$33.96K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.24M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.91M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$10.57K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$62.79K	USD	Point-in-time
Due to stockholder	`DueToOfficersOrStockholdersCurrent`	$33.20K	USD	Point-in-time
Due to stockholder	`DueToOfficersOrStockholdersCurrent`	$38.11K	USD	Point-in-time
Deferred income	`DeferredRevenueCurrent`	-	USD	Point-in-time
Deferred income	`DeferredRevenueCurrent`	$11.07K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$100.90K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$54.84K	USD	Point-in-time
Common stock; no par value; 18,000,000 shares authorized; 17,068,182 and 10,242,561 issued and outstanding, respectively	`CommonStockValue`	$6.02M	USD	Point-in-time
Common stock; no par value; 18,000,000 shares authorized; 17,068,182 and 10,242,561 issued and outstanding, respectively	`CommonStockValue`	$6.39M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-6.44M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-6.04M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$151.86K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-49.25K	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`	$51.65K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Contract revenues earned	`ContractsRevenue`	-	USD	Annual
Contract revenues earned	`ContractsRevenue`	$15.83K	USD	Annual
Direct contracting costs	`ContractRevenueCost`	-	USD	Annual
Direct contracting costs	`ContractRevenueCost`	$3.43K	USD	Annual
Gross Margin	`GrossProfit`	-	USD	Annual
Gross Margin	`GrossProfit`	$12.40K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$391.96K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$470.42K	USD	Annual
Depreciation	`DepreciationAndAmortization`	$2.27K	USD	Annual
Depreciation	`DepreciationAndAmortization`	$2.80K	USD	Annual
Total operating expenses	`OperatingExpenses`	$472.69K	USD	Annual
Total operating expenses	`OperatingExpenses`	$394.77K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-472.69K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-382.37K	USD	Annual
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.42K	USD	Annual
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Interest expense	`InterestExpense`	$11.31K	USD	Annual
Interest expense	`InterestExpense`	$382.00	USD	Annual
Interest income	`InvestmentIncomeInterest`	$9.00	USD	Annual
Interest income	`InvestmentIncomeInterest`	$219.00	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-13.72K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-163.00	USD	Annual
Net Loss	`NetIncomeLoss`	$-396.08K	USD	Annual
Net Loss	`NetIncomeLoss`	$-472.85K	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	Annual
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.57M	shares	Annual
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.10M	shares	Annual

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-396.08K	USD	Annual
Net loss	`NetIncomeLoss`	$-472.85K	USD	Annual
Shares issued for services	`ShareBasedCompensation`	$83.75K	USD	Annual
Shares issued for services	`ShareBasedCompensation`	$26.28K	USD	Annual
Depreciation	`DepreciationAndAmortization`	$2.27K	USD	Annual
Depreciation	`DepreciationAndAmortization`	$2.80K	USD	Annual
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.42K	USD	Annual
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.38K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$921.00	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$98.00	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$52.23K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-11.07K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-445.12K	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-262.58K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.67K	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.67K	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$273.83K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$247.72K	USD	Annual
Net borrowings on shareholder credit cards	`NetBorrowingsOnShareholderCreditCards`	$29.86K	USD	Annual
Net borrowings on shareholder credit cards	`NetBorrowingsOnShareholderCreditCards`	$20.74K	USD	Annual
Borrowings on related party debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$18.00K	USD	Annual
Borrowings on related party debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$9.00K	USD	Annual
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	$7.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$305.69K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$286.46K	USD	Annual
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$15.21K	USD	Annual
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-139.43K	USD	Annual
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`	$41.48K	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`	$41.48K	USD	Point-in-time
Interest paid	`InterestPaid`	$405.00	USD	Annual
Interest paid	`InterestPaid`	$11.31K	USD	Annual
Income tax paid	`IncomeTaxesPaid`	-	USD	Annual
Income tax paid	`IncomeTaxesPaid`	-	USD	Annual
Shares issued in settlement of related party debt	`SharesIssuedInSettlementOfRelatedPartyDebt`	$33.83K	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$151.86K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-49.25K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-20.88K	USD	Point-in-time
Common shares issued for cash, Amount	`StockIssuedDuringPeriodValueNewIssues`	$273.83K	USD	Annual
Common shares issued for cash, Amount	`StockIssuedDuringPeriodValueNewIssues`	$247.72K	USD	Annual
Shares Issued for Services, Amount	`StockIssuedDuringPeriodValueIssuedForServices`	$26.28K	USD	Annual
Shares Issued for Services, Amount	`StockIssuedDuringPeriodValueIssuedForServices`	$83.75K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-396.08K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-472.85K	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$151.86K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-49.25K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-20.88K	USD	Point-in-time

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