10-Q Filing

MASS MEGAWATTS WIND POWER INC CIK: 1117228 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001354488-12-006488`
Period End Date	20121031
Filing Date	20121218
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	mmmw-20121031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 36 Income Statement 48 Cash Flow Statement 42

Balance Sheet 36 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$4.55K	USD	Point-in-time
Cash	`Cash`	$41.48K	USD	Point-in-time
Fixed assets, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$32.29K	USD	Point-in-time
Cash	`Cash`	$26.28K	USD	Point-in-time
Fixed assets, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$34.23K	USD	Point-in-time
Cash	`Cash`	$2.99K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.68K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$264.00	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`	$4.81K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$43.17K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	35.00M	shares	Point-in-time
Fixed assets, net of accumulated depreciation of $34,229 and $32,291, respectively	`PropertyPlantAndEquipmentNet`	$8.48K	USD	Point-in-time
Fixed assets, net of accumulated depreciation of $34,229 and $32,291, respectively	`PropertyPlantAndEquipmentNet`	$6.55K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.50M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	20.23M	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`	$11.36K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.23M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	17.07M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$93.43K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$62.79K	USD	Point-in-time
Due to stockholder	`DueToOfficersOrStockholdersCurrent`	$39.61K	USD	Point-in-time
Due to stockholder	`DueToOfficersOrStockholdersCurrent`	$38.11K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$100.90K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$133.04K	USD	Point-in-time
Common stock; no par value; 35,000,000 shares authorized; 20,231,455 and 17,068,182 issued and outstanding, respectively	`CommonStockValue`	$6.39M	USD	Point-in-time
Common stock; no par value; 35,000,000 shares authorized; 20,231,455 and 17,068,182 issued and outstanding, respectively	`CommonStockValue`	$6.49M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-6.61M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-6.44M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-49.25K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-121.68K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$51.65K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$11.36K	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Contract revenues earned	`ContractsRevenue`	-	USD	2 Qtrs
Contract revenues earned	`ContractsRevenue`	$11.33K	USD	2 Qtrs
Contract revenues earned	`ContractsRevenue`	$11.33K	USD	1 Quarter
Contract revenues earned	`ContractsRevenue`	-	USD	1 Quarter
Direct contracting costs	`ContractRevenueCost`	$276.00	USD	2 Qtrs
Direct contracting costs	`ContractRevenueCost`	-	USD	2 Qtrs
Direct contracting costs	`ContractRevenueCost`	-	USD	1 Quarter
Direct contracting costs	`ContractRevenueCost`	$276.00	USD	1 Quarter
Contracting profit	`GrossProfit`	$11.05K	USD	2 Qtrs
Contracting profit	`GrossProfit`	-	USD	2 Qtrs
Contracting profit	`GrossProfit`	$11.05K	USD	1 Quarter
Contracting profit	`GrossProfit`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$169.70K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$72.27K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$92.28K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$168.91K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$969.00	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$567.00	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$1.94K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$1.13K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$72.84K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$170.05K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$179.64K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$93.25K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-179.64K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-159.00K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-61.78K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-93.25K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$6.81K	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$3.48K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$2.56K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$4.21K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-53.48K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-2.56K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-4.21K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-6.81K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-178.45K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-98.72K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-64.34K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-163.21K	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
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	2 Qtrs
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.11M	shares	2 Qtrs
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.92M	shares	1 Quarter
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.62M	shares	1 Quarter
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.45M	shares	2 Qtrs

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-178.45K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-98.72K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-64.34K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-163.21K	USD	2 Qtrs
Shares issued for services	`ShareBasedCompensation`	$32.60K	USD	2 Qtrs
Shares issued for services	`ShareBasedCompensation`	$9.06K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$969.00	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$567.00	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$1.94K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$1.13K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.21K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.42K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$72.51K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$30.64K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-11.07K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-90.37K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-108.26K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$69.82K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$25.75K	USD	2 Qtrs
Net borrowings on shareholder credit cards	`NetBorrowingsOnShareholderCreditCards`	$23.03K	USD	2 Qtrs
Net borrowings on shareholder credit cards	`NetBorrowingsOnShareholderCreditCards`	$1.76K	USD	2 Qtrs
Borrowings on related party debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$2.75K	USD	2 Qtrs
Borrowings on related party debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$18.30K	USD	2 Qtrs
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	$3.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$67.08K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$71.32K	USD	2 Qtrs
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-36.94K	USD	2 Qtrs
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-23.28K	USD	2 Qtrs
CASH AT BEGINNING OF PERIOD	`Cash`	$4.55K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`Cash`	$41.48K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`Cash`	$26.28K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`Cash`	$2.99K	USD	Point-in-time
CASH AT END OF PERIOD	`Cash`	$4.55K	USD	Point-in-time
CASH AT END 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`	$2.99K	USD	Point-in-time
Interest paid	`InterestPaid`	$4.17K	USD	2 Qtrs
Interest paid	`InterestPaid`	$6.81K	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.