10-K Filing

MASS MEGAWATTS WIND POWER INC CIK: 1117228 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0001354488-13-004268`
Period End Date	20130430
Filing Date	20130809
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	mmmw-20130430.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 38 Income Statement 30 Cash Flow Statement 48 Stockholders Equity 18

Balance Sheet 38 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$26.28K	USD	Point-in-time
Fixed assets, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$36.17K	USD	Point-in-time
Cash	`Cash`	$123.00	USD	Point-in-time
Fixed assets, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$32.29K	USD	Point-in-time
Cash	`Cash`	$41.48K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$27.51K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.68K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$27.63K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$43.17K	USD	Point-in-time
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Fixed assets, net of accumulated depreciation of $36,168 and $32,291, respectively	`PropertyPlantAndEquipmentNet`	$4.61K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	35.00M	shares	Point-in-time
Fixed assets, net of accumulated depreciation of $36,168 and $32,291, respectively	`PropertyPlantAndEquipmentNet`	$8.48K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	35.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	17.07M	shares	Point-in-time
Total Assets	`Assets`	$32.24K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.73M	shares	Point-in-time
Total Assets	`Assets`	$51.65K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	17.07M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.73M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$130.94K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$62.79K	USD	Point-in-time
Due to stockholder	`DueToOfficersOrStockholdersCurrent`	$38.11K	USD	Point-in-time
Due to stockholder	`DueToOfficersOrStockholdersCurrent`	$47.29K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$178.23K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$100.90K	USD	Point-in-time
Common stock; no par value; 35,000,000 shares authorized; 25,734,137 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; 25,734,137 and 17,068,182 issued and outstanding, respectively	`CommonStockValue`	$6.71M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$12.57K	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-6.87M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-6.44M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-145.99K	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`	$51.65K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$32.24K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Contract revenues earned	`ContractsRevenue`	$15.83K	USD	Annual
Contract revenues earned	`ContractsRevenue`	-	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`	$405.96K	USD	Annual
Loss on shares issued for compensation	`GainLossOnSharesIssuedForCompensation`	$-5.60K	USD	Annual
Loss on shares issued for compensation	`GainLossOnSharesIssuedForCompensation`	-	USD	Annual
Depreciation	`DepreciationAndAmortization`	$3.88K	USD	Annual
Depreciation	`DepreciationAndAmortization`	$2.80K	USD	Annual
Total operating expenses	`OperatingExpenses`	$415.43K	USD	Annual
Total operating expenses	`OperatingExpenses`	$394.77K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-415.43K	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`	$13.72K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$9.00	USD	Annual
Interest income	`InvestmentIncomeInterest`	$11.00	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$-13.72K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$-13.71K	USD	Annual
Net Loss	`NetIncomeLoss`	$-396.08K	USD	Annual
Net Loss	`NetIncomeLoss`	$-429.14K	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	Annual
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.10M	shares	Annual
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	20.85M	shares	Annual

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-396.08K	USD	Annual
Net loss	`NetIncomeLoss`	$-429.14K	USD	Annual
Shares issued for services	`ShareBasedCompensation`	$91.02K	USD	Annual
Shares issued for services	`ShareBasedCompensation`	$83.75K	USD	Annual
Depreciation	`DepreciationAndAmortization`	$3.88K	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
Loss on shares issued for compensation	`GainLossOnSharesIssuedForCompensation`	$-5.60K	USD	Annual
Loss on shares issued for compensation	`GainLossOnSharesIssuedForCompensation`	-	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.38K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-25.82K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$52.23K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$68.15K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-11.07K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-286.32K	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`	$229.02K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$247.72K	USD	Annual
Contribution of capital- Proceeds from legal settlement	`ProceedsFromRecoveryOfSettlement`	$6.76K	USD	Annual
Contribution of capital- Proceeds from legal settlement	`ProceedsFromRecoveryOfSettlement`	-	USD	Annual
Net borrowings on shareholder credit cards	`NetBorrowingsOnShareholderCreditCards`	$20.74K	USD	Annual
Net borrowings on shareholder credit cards	`NetBorrowingsOnShareholderCreditCards`	$-1.82K	USD	Annual
Borrowings on related party debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$18.00K	USD	Annual
Borrowings on related party debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$34.55K	USD	Annual
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	$23.55K	USD	Annual
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$286.46K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$244.96K	USD	Annual
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-41.36K	USD	Annual
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$15.21K	USD	Annual
CASH AT BEGINNING OF PERIOD	`Cash`	$26.28K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`Cash`	$123.00	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`	$123.00	USD	Point-in-time
CASH AT END OF PERIOD	`Cash`	$41.48K	USD	Point-in-time
Interest paid	`InterestPaid`	$13.72K	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
Shares issued in settlement of related party debt	`SharesIssuedInSettlementOfRelatedPartyDebt`	-	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$-145.99K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-49.25K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-20.88K	USD	Point-in-time
Shares issued for cash, Amount	`StockIssuedDuringPeriodValueIssuedForCash`	$247.72K	USD	Annual
Shares issued for cash, Amount	`StockIssuedDuringPeriodValueIssuedForCash`	$229.02K	USD	Annual
Shares issued for services, Shares	`StockIssuedDuringPeriodSharesIssuedForServices`	1.49M	shares	Annual
Shares issued for services, Shares	`StockIssuedDuringPeriodSharesIssuedForServices`	840,835.00	shares	Annual
Shares issued for services, Amount	`StockIssuedDuringPeriodValueIssuedForServices`	$90.82K	USD	Annual
Shares issued for services, Amount	`StockIssuedDuringPeriodValueIssuedForServices`	$83.75K	USD	Annual
Shares issued to extinguish debt	`DebtConversionConvertedInstrumentAmount1`	$36.25K	USD	Annual
Loss on shares issued for compensation	`LossOnSharesIssuedForCompensation`	$5.80K	USD	Annual
Contribution of capital- Proceeds from legal settlement	`ProceedsFromRecoveryOfSettlement`	$6.76K	USD	Annual
Contribution of capital- Proceeds from legal settlement	`ProceedsFromRecoveryOfSettlement`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-396.08K	USD	Annual
Net loss	`NetIncomeLoss`	$-429.14K	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$-145.99K	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.