10-Q Filing

MASS MEGAWATTS WIND POWER INC CIK: 1117228 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001354488-14-006392`
Period End Date	20141031
Filing Date	20141231
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	mmmw-20141031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 38 Income Statement 40 Cash Flow Statement 44

Balance Sheet 38 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$245.00	USD	Point-in-time
Fixed assets, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$38.77K	USD	Point-in-time
Fixed assets, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$39.74K	USD	Point-in-time
Cash	`Cash`	$123.00	USD	Point-in-time
Cash	`Cash`	$2.82K	USD	Point-in-time
Cash	`Cash`	$3.98K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$27.19K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$27.48K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$30.01K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$27.73K	USD	Point-in-time
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	67.00M	shares	Point-in-time
Fixed assets, net of accumulated depreciation of $39,739 and $38,123, respectively	`PropertyPlantAndEquipmentNet`	$2.00K	USD	Point-in-time
Fixed assets, net of accumulated depreciation of $39,739 and $38,123, respectively	`PropertyPlantAndEquipmentNet`	$1.04K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	67.00M	shares	Point-in-time
Total Assets	`Assets`	$31.05K	USD	Point-in-time
Total Assets	`Assets`	$29.73K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	43.18M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	55.37M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	55.37M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	43.18M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$172.09K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$172.14K	USD	Point-in-time
Due to stockholder	`DueToOfficersOrStockholdersCurrent`	$74.47K	USD	Point-in-time
Due to stockholder	`DueToOfficersOrStockholdersCurrent`	$51.01K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$223.15K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$246.55K	USD	Point-in-time
Common stock; no par value; 67,000,000 shares authorized; 55,369,037 and 43,179,537 issued and outstanding, respectively	`CommonStockValue`	$7.30M	USD	Point-in-time
Common stock; no par value; 67,000,000 shares authorized; 55,369,037 and 43,179,537 issued and outstanding, respectively	`CommonStockValue`	$7.12M	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
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.32M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.53M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-193.42K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-215.50K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$31.05K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$29.73K	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$82.35K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$192.71K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$188.14K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$115.79K	USD	1 Quarter
Loss on shares issued for compensation	`LossOnSharesIssuedForCompensation`	$10.03K	USD	2 Qtrs
Loss on shares issued for compensation	`LossOnSharesIssuedForCompensation`	$17.54K	USD	2 Qtrs
Loss on shares issued for compensation	`LossOnSharesIssuedForCompensation`	$2.58K	USD	1 Quarter
Loss on shares issued for compensation	`LossOnSharesIssuedForCompensation`	$7.74K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$653.00	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$1.30K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$497.00	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$964.00	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$203.70K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$124.18K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$206.98K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$85.43K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-206.98K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-124.18K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-85.43K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-203.70K	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$6.26K	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$5.88K	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$2.78K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$2.95K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-5.88K	USD	2 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-2.78K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-6.26K	USD	2 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-2.95K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-209.97K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-212.86K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-88.21K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-127.13K	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	49.22M	shares	2 Qtrs
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	52.37M	shares	1 Quarter
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.33M	shares	2 Qtrs
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	31.16M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-209.97K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-212.86K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-88.21K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-127.13K	USD	1 Quarter
Shares issued for services	`ShareBasedCompensation`	$85.61K	USD	2 Qtrs
Shares issued for services	`ShareBasedCompensation`	$86.41K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$653.00	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$1.30K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$497.00	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$964.00	USD	2 Qtrs
Loss on shares issued for compensation	`LossOnSharesIssuedForCompensation2`	$-10.03K	USD	2 Qtrs
Loss on shares issued for compensation	`LossOnSharesIssuedForCompensation2`	$-17.54K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-291.00	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-291.00	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-55.00	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$7.47K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-100.64K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-112.33K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$91.45K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$105.88K	USD	2 Qtrs
Net borrowings (payments) on shareholder credit cards	`NetBorrowingsOnShareholderCreditCards`	$-296.00	USD	2 Qtrs
Net borrowings (payments) on shareholder credit cards	`NetBorrowingsOnShareholderCreditCards`	$241.00	USD	2 Qtrs
Borrowings on related party debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$36.35K	USD	2 Qtrs
Borrowings on related party debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$129.00	USD	2 Qtrs
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	$1.75K	USD	2 Qtrs
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	$12.60K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$104.50K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$114.91K	USD	2 Qtrs
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.86K	USD	2 Qtrs
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.58K	USD	2 Qtrs
CASH AT BEGINNING OF PERIOD	`Cash`	$245.00	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`Cash`	$123.00	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`Cash`	$2.82K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`Cash`	$3.98K	USD	Point-in-time
CASH AT END OF PERIOD	`Cash`	$245.00	USD	Point-in-time
CASH AT END OF PERIOD	`Cash`	$123.00	USD	Point-in-time
CASH AT END OF PERIOD	`Cash`	$2.82K	USD	Point-in-time
CASH AT END OF PERIOD	`Cash`	$3.98K	USD	Point-in-time
Interest paid	`InterestPaid`	$5.88K	USD	2 Qtrs
Interest paid	`InterestPaid`	$6.26K	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.