10-Q Filing

MASS MEGAWATTS WIND POWER INC CIK: 1117228 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0001493152-23-032075`
Period End Date	20230731
Filing Date	20230908
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 20 Cash Flow Statement 34 Stockholders Equity 11

Balance Sheet 42 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockNoParValue`	-	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`	167.50M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	167.50M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	167.50M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	161.46M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	152.29M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	161.46M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	152.29M	shares	Point-in-time
Cash	`Cash`	$112.00	USD	Point-in-time
Cash	`Cash`	$1.83K	USD	Point-in-time
Deposits and other current assets	`DepositsAndOtherCurrentAssets`	$1.00K	USD	Point-in-time
Deposits and other current assets	`DepositsAndOtherCurrentAssets`	$1.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.11K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.83K	USD	Point-in-time
Total assets	`Assets`	$2.83K	USD	Point-in-time
Total assets	`Assets`	$1.11K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$117.31K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$120.39K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$27.10K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$27.10K	USD	Point-in-time
Derivative Liability	`DerivativeLiabilitiesCurrent`	$198.35K	USD	Point-in-time
Derivative Liability	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Convertible debt, related party, net of discount	`ConvertibleDebtCurrent`	$20.37K	USD	Point-in-time
Convertible debt, related party, net of discount	`ConvertibleDebtCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$397.70K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$272.71K	USD	Point-in-time
Total liabilities	`Liabilities`	$272.71K	USD	Point-in-time
Total liabilities	`Liabilities`	$397.70K	USD	Point-in-time
Common stock, no par value, 167,500,000 shares authorized, 161,464,579 and 152,289,579 shares issued and outstanding, respectively	`CommonStockValue`	$8.69M	USD	Point-in-time
Common stock, no par value, 167,500,000 shares authorized, 161,464,579 and 152,289,579 shares issued and outstanding, respectively	`CommonStockValue`	$8.62M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$1.57K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$1.57K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.08M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.89M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-396.59K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-109.59K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-17.74K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-269.88K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.11K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$2.83K	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$97.48K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$91.84K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$91.84K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$97.48K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$20.38K	USD	1 Quarter
Loss on change in derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Loss on change in derivative liability	`DerivativeGainLossOnDerivativeNet`	$-72.35K	USD	1 Quarter
Total other expenses	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Total other expenses	`OtherNonoperatingIncomeExpense`	$-92.73K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-91.84K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-190.21K	USD	1 Quarter
Loss per share - basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Loss per share - basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Loss per share - diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Loss per share - diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	155.81M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	137.76M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	155.81M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	137.65M	shares	1 Quarter

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-91.84K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-190.21K	USD	1 Quarter
Amortization of debt discount	`AdjustmentForAmortization`	$20.37K	USD	1 Quarter
Amortization of debt discount	`AdjustmentForAmortization`	-	USD	1 Quarter
Loss on change in derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Loss on change in derivative liability	`DerivativeGainLossOnDerivativeNet`	$-72.35K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$11.32K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.07K	USD	1 Quarter
Due to officer	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	-	USD	1 Quarter
Due to officer	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	$31.50K	USD	1 Quarter
CASH FLOWS USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-62.92K	USD	1 Quarter
CASH FLOWS USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-80.53K	USD	1 Quarter
Repayment of advances - related party	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Repayment of advances - related party	`RepaymentsOfRelatedPartyDebt`	$2.29K	USD	1 Quarter
Proceeds from sale of common shares	`ProceedsFromIssuanceOfCommonStock`	$63.50K	USD	1 Quarter
Proceeds from sale of common shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$61.21K	USD	1 Quarter
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-80.53K	USD	1 Quarter
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.72K	USD	1 Quarter
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$112.00	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$27.34K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.83K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$107.86K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$112.00	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$27.34K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.83K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$107.86K	USD	Point-in-time
Cash paid on interest expenses	`InterestPaidNet`	-	USD	1 Quarter
Cash paid on interest expenses	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Convertible note issued for accrued compensation	`ConvertibleNoteIssuedForAccruedCompensation`	-	USD	1 Quarter
Convertible note issued for accrued compensation	`ConvertibleNoteIssuedForAccruedCompensation`	$126.00K	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-396.59K	USD	Point-in-time
Balance	`StockholdersEquity`	$-109.59K	USD	Point-in-time
Balance	`StockholdersEquity`	$-17.74K	USD	Point-in-time
Balance	`StockholdersEquity`	$-269.88K	USD	Point-in-time
Common shares for cash	`StockIssuedDuringPeriodValueNewIssues`	$63.50K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-91.84K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-190.21K	USD	1 Quarter
Balance	`StockholdersEquity`	$-396.59K	USD	Point-in-time
Balance	`StockholdersEquity`	$-109.59K	USD	Point-in-time
Balance	`StockholdersEquity`	$-17.74K	USD	Point-in-time
Balance	`StockholdersEquity`	$-269.88K	USD	Point-in-time

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