10-Q Filing

MASS MEGAWATTS WIND POWER INC CIK: 1117228 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001354488-14-001346`
Period End Date	20140131
Filing Date	20140324
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	mmmw-20140131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 38 Income Statement 40 Cash Flow Statement 46

Balance Sheet 38 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$123.00	USD	Point-in-time
Fixed assets, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$36.17K	USD	Point-in-time
Cash	`Cash`	$41.48K	USD	Point-in-time
Cash	`Cash`	$619.00	USD	Point-in-time
Fixed assets, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$38.12K	USD	Point-in-time
Cash	`Cash`	$21.26K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$27.51K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$27.07K	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
Total current assets	`AssetsCurrent`	$27.69K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	35.00M	shares	Point-in-time
Fixed assets, net of accumulated depreciation of $38,123 and $36,168, respectively	`PropertyPlantAndEquipmentNet`	$2.65K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	35.00M	shares	Point-in-time
Fixed assets, net of accumulated depreciation of $38,123 and $36,168, respectively	`PropertyPlantAndEquipmentNet`	$4.61K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.73M	shares	Point-in-time
Total Assets	`Assets`	$30.34K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	36.82M	shares	Point-in-time
Total Assets	`Assets`	$32.24K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	36.82M	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`	$168.69K	USD	Point-in-time
Due to stockholder	`DueToOfficersOrStockholdersCurrent`	$45.54K	USD	Point-in-time
Due to stockholder	`DueToOfficersOrStockholdersCurrent`	$47.29K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$214.22K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$178.23K	USD	Point-in-time
Common stock; no par value; 35,000,000 shares authorized; 36,821,537 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; 36,821,537 and 25,734,137 issued and outstanding, respectively	`CommonStockValue`	$6.98M	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
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-6.87M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-7.18M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-145.99K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-183.88K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$32.24K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$30.34K	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$88.23K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$276.37K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$310.41K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$144.31K	USD	1 Quarter
Loss on shares issued for compensation	`LossOnSharesIssuedForCompensation`	$3.60K	USD	3 Qtrs
Loss on shares issued for compensation	`LossOnSharesIssuedForCompensation`	$23.96K	USD	3 Qtrs
Loss on shares issued for compensation	`LossOnSharesIssuedForCompensation`	-	USD	1 Quarter
Loss on shares issued for compensation	`LossOnSharesIssuedForCompensation`	$6.42K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$651.00	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$1.96K	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$2.91K	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$969.00	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$95.31K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$316.92K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$302.29K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$145.28K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-145.28K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-316.92K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-95.31K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-302.29K	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$3.49K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$3.50K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$10.31K	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$9.37K	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-10.31K	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-3.50K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-9.37K	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-3.49K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-311.66K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-98.80K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-148.78K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-327.23K	USD	3 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	3 Qtrs
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	31.23M	shares	3 Qtrs
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19.51M	shares	3 Qtrs
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	35.04M	shares	1 Quarter
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	22.31M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-311.66K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-98.80K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-148.78K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-327.23K	USD	3 Qtrs
Shares issued for services	`ShareBasedCompensation`	$135.18K	USD	3 Qtrs
Shares issued for services	`ShareBasedCompensation`	$68.62K	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$651.00	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$1.96K	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$2.91K	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$969.00	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-436.00	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.56K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$37.75K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$26.94K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	3 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-227.20K	USD	3 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-136.34K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$138.59K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$208.62K	USD	3 Qtrs
Proceeds from recovery of settlement	`ProceedsFromLegalSettlements`	-	USD	3 Qtrs
Proceeds from recovery of settlement	`ProceedsFromLegalSettlements`	$6.76K	USD	3 Qtrs
Net borrowings on shareholder credit cards	`NetBorrowingsOnShareholderCreditCards`	$-126.00	USD	3 Qtrs
Net borrowings on shareholder credit cards	`NetBorrowingsOnShareholderCreditCards`	$-2.96K	USD	3 Qtrs
Borrowings on related party debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$129.00	USD	3 Qtrs
Borrowings on related party debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$17.55K	USD	3 Qtrs
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	$23.00K	USD	3 Qtrs
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	$1.75K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$136.83K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$206.97K	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-20.22K	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$496.00	USD	3 Qtrs
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 BEGINNING OF PERIOD	`Cash`	$619.00	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`Cash`	$21.26K	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
CASH AT END OF PERIOD	`Cash`	$619.00	USD	Point-in-time
CASH AT END OF PERIOD	`Cash`	$21.26K	USD	Point-in-time
Interest paid	`InterestPaid`	$10.31K	USD	3 Qtrs
Interest paid	`InterestPaid`	$9.37K	USD	3 Qtrs
Income tax paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Income tax paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Shares issued for payment of related party debt	`SharesIssuedForPaymentOfRelatedPartyDebt`	-	USD	3 Qtrs
Shares issued for payment of related party debt	`SharesIssuedForPaymentOfRelatedPartyDebt`	-	USD	3 Qtrs

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