10-Q Filing

MASS MEGAWATTS WIND POWER INC CIK: 1117228 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001354488-13-006856`
Period End Date	20131031
Filing Date	20131216
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	mmmw-20131031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 36 Cash Flow Statement 44

Balance Sheet 40 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$3.98K	USD	Point-in-time
Cash	`Cash`	$4.55K	USD	Point-in-time
Fixed assets, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$37.47K	USD	Point-in-time
Cash	`Cash`	$123.00	USD	Point-in-time
Cash	`Cash`	$41.48K	USD	Point-in-time
Fixed assets, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$36.17K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$27.22K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$27.51K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$31.20K	USD	Point-in-time
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$27.63K	USD	Point-in-time
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Fixed assets, net of accumulated depreciation of $37,472 and $36,168, 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 $37,472 and $36,168, respectively	`PropertyPlantAndEquipmentNet`	$3.30K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	35.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.73M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	33.72M	shares	Point-in-time
Total Assets	`Assets`	$32.24K	USD	Point-in-time
Total Assets	`Assets`	$34.50K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	33.72M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.73M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$138.41K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$130.94K	USD	Point-in-time
Due to stockholder	`DueToOfficersOrStockholdersCurrent`	$45.91K	USD	Point-in-time
Due to stockholder	`DueToOfficersOrStockholdersCurrent`	$47.29K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$184.32K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$178.23K	USD	Point-in-time
Common stock; no par value; 35,000,000 shares authorized; 33,721,037 and 25,734,137 issued and outstanding, respectively	`CommonStockValue`	$6.71M	USD	Point-in-time
Common stock; no par value; 35,000,000 shares authorized; 33,721,037 and 25,734,137 issued and outstanding, respectively	`CommonStockValue`	$6.92M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$12.57K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$12.57K	USD	Point-in-time
Stock subscriptions receivable	`StockSubscriptionsReceivable`	$-108.00	USD	Point-in-time
Stock subscriptions receivable	`StockSubscriptionsReceivable`	-	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-7.08M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-6.87M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-149.82K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-145.99K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$32.24K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$34.50K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$94.28K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$169.70K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$123.53K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$205.68K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$1.94K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$969.00	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$653.00	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$1.30K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$124.18K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$171.64K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$95.25K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$206.98K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-124.18K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-95.25K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-206.98K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-171.64K	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$3.48K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$6.81K	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$5.88K	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$2.95K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-2.95K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-6.81K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-3.48K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-5.88K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-212.86K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-127.13K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-98.72K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-178.45K	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	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`	31.16M	shares	1 Quarter
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`	29.33M	shares	2 Qtrs

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-212.86K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-127.13K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-98.72K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-178.45K	USD	2 Qtrs
Shares issued for services	`ShareBasedCompensation`	$103.15K	USD	2 Qtrs
Shares issued for services	`ShareBasedCompensation`	$36.20K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$1.94K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$969.00	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$653.00	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$1.30K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-291.00	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.42K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$7.47K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$30.64K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-100.64K	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`	$105.88K	USD	2 Qtrs
Net borrowings on shareholder credit cards	`NetBorrowingsOnShareholderCreditCards`	$241.00	USD	2 Qtrs
Net borrowings on shareholder credit cards	`NetBorrowingsOnShareholderCreditCards`	$1.76K	USD	2 Qtrs
Borrowings on related party debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$129.00	USD	2 Qtrs
Borrowings on related party debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	$253.00	USD	2 Qtrs
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	$1.75K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$104.50K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$71.32K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-36.94K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.86K	USD	2 Qtrs
CASH AT BEGINNING OF PERIOD	`Cash`	$3.98K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`Cash`	$4.55K	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`	$3.98K	USD	Point-in-time
CASH AT END OF PERIOD	`Cash`	$4.55K	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`	$5.88K	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
Stock subscription receivable	`StockSubscriptionReceivable`	$108.00	USD	2 Qtrs
Stock subscription receivable	`StockSubscriptionReceivable`	-	USD	2 Qtrs

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