10-Q Filing

MASS MEGAWATTS WIND POWER INC CIK: 1117228 Q2 2024

Filing Information

Form Type	10-Q
Accession Number	`0001493152-23-043818`
Period End Date	20231031
Filing Date	20231206
Fiscal Year	2024
Fiscal Period	Q2
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 45 Income Statement 42 Cash Flow Statement 46 Stockholders Equity 22

Balance Sheet 45 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 issued	`CommonStockSharesIssued`	165.96M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	152.29M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	165.96M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	152.29M	shares	Point-in-time
Cash	`Cash`	$138.00	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`	$2.83K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.14K	USD	Point-in-time
Total assets	`Assets`	$1.14K	USD	Point-in-time
Total assets	`Assets`	$2.83K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$117.31K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$125.54K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$27.10K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$27.10K	USD	Point-in-time
Advances	`OtherLiabilitiesCurrent`	-	USD	Point-in-time
Derivative Liability	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Derivative Liability	`DerivativeLiabilitiesCurrent`	$142.42K	USD	Point-in-time
Convertible debt, related party, net of discount	`ConvertibleDebtCurrent`	-	USD	Point-in-time
Convertible debt, related party, net of discount	`ConvertibleDebtCurrent`	$59.20K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$386.47K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$272.71K	USD	Point-in-time
Total liabilities	`Liabilities`	$386.47K	USD	Point-in-time
Total liabilities	`Liabilities`	$272.71K	USD	Point-in-time
Common stock, no par value, 167,500,000 shares authorized, 165,964,579 and 152,289,579 shares issued and outstanding, respectively	`CommonStockValue`	$8.72M	USD	Point-in-time
Common stock, no par value, 167,500,000 shares authorized, 165,964,579 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`	$-9.10M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.89M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-385.33K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-109.59K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-119.92K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-17.74K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-396.59K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-269.88K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.14K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$2.83K	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$67.07K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$57.48K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$164.56K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$149.33K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$57.48K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$164.56K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$67.07K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$149.33K	USD	2 Qtrs
Interest expense	`InterestExpense`	$59.47K	USD	2 Qtrs
Interest expense	`InterestExpense`	$39.09K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Gain on change in derivative liability	`DerivativeGainLossOnDerivativeNet`	$87.42K	USD	1 Quarter
Gain on change in derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	2 Qtrs
Gain on change in derivative liability	`DerivativeGainLossOnDerivativeNet`	$15.08K	USD	2 Qtrs
Gain on change in derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Total other expenses	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Total other expenses	`OtherNonoperatingIncomeExpense`	$-44.39K	USD	2 Qtrs
Total other expenses	`OtherNonoperatingIncomeExpense`	$48.33K	USD	1 Quarter
Total other expenses	`OtherNonoperatingIncomeExpense`	-	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-18.74K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-57.48K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-208.95K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-190.21K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-91.84K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-149.33K	USD	2 Qtrs
Loss per share - basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Loss per share - basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
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	2 Qtrs
Loss per share - diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Loss per share - diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	165.11M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	139.92M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	138.84M	shares	2 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	160.46M	shares	2 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	165.96M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	160.46M	shares	2 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	138.84M	shares	2 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	139.92M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-18.74K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-57.48K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-208.95K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-190.21K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-91.84K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-149.33K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.90K	USD	2 Qtrs
Amortization of debt discount	`AdjustmentForAmortization`	$59.20K	USD	2 Qtrs
Amortization of debt discount	`AdjustmentForAmortization`	-	USD	2 Qtrs
Gain on change in derivative liability	`DerivativeGainLossOnDerivativeNet`	$87.42K	USD	1 Quarter
Gain on change in derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	2 Qtrs
Gain on change in derivative liability	`DerivativeGainLossOnDerivativeNet`	$15.08K	USD	2 Qtrs
Gain on change in derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.23K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.09K	USD	2 Qtrs
Advances - related party	`IncreaseDecreaseInDueToAffiliatesCurrent`	$1.99K	USD	2 Qtrs
Advances - related party	`IncreaseDecreaseInDueToAffiliatesCurrent`	-	USD	2 Qtrs
Due to officer	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	-	USD	2 Qtrs
Due to officer	`IncreaseDecreaseInDueToOfficersAndStockholdersCurrent`	$63.00K	USD	2 Qtrs
CASH FLOWS USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-93.60K	USD	2 Qtrs
CASH FLOWS USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-140.34K	USD	2 Qtrs
Proceeds from advances - related party	`ProceedsFromRelatedPartyDebt`	$1.00K	USD	2 Qtrs
Proceeds from advances - related party	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Repayment of advances - related party	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Repayment of advances - related party	`RepaymentsOfRelatedPartyDebt`	$2.59K	USD	2 Qtrs
Proceeds from sale of common shares	`ProceedsFromIssuanceOfCommonStock`	$44.25K	USD	2 Qtrs
Proceeds from sale of common shares	`ProceedsFromIssuanceOfCommonStock`	$93.50K	USD	2 Qtrs
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$91.91K	USD	2 Qtrs
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$44.25K	USD	2 Qtrs
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-96.09K	USD	2 Qtrs
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.69K	USD	2 Qtrs
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$138.00	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$107.86K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.78K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.83K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$138.00	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$107.86K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.78K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.83K	USD	Point-in-time
Cash paid on interest expenses	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid on interest expenses	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Convertible notes issued for accrued compensation	`NotesIssued1`	$157.50K	USD	2 Qtrs
Convertible notes issued for accrued compensation	`NotesIssued1`	-	USD	2 Qtrs

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-385.33K	USD	Point-in-time
Balance	`StockholdersEquity`	$-109.59K	USD	Point-in-time
Balance	`StockholdersEquity`	$-119.92K	USD	Point-in-time
Balance	`StockholdersEquity`	$-17.74K	USD	Point-in-time
Balance	`StockholdersEquity`	$-396.59K	USD	Point-in-time
Balance	`StockholdersEquity`	$-269.88K	USD	Point-in-time
Common shares for cash	`StockIssuedDuringPeriodValueNewIssues`	$63.50K	USD	1 Quarter
Common shares for cash	`StockIssuedDuringPeriodValueNewIssues`	$30.00K	USD	1 Quarter
Common shares for cash	`StockIssuedDuringPeriodValueNewIssues`	$44.25K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-18.74K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-57.48K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-208.95K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-190.21K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-91.84K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-149.33K	USD	2 Qtrs
Common shares for service	`StockIssuedDuringPeriodValueIssuedForServices`	$2.90K	USD	1 Quarter
Balance	`StockholdersEquity`	$-385.33K	USD	Point-in-time
Balance	`StockholdersEquity`	$-109.59K	USD	Point-in-time
Balance	`StockholdersEquity`	$-119.92K	USD	Point-in-time
Balance	`StockholdersEquity`	$-17.74K	USD	Point-in-time
Balance	`StockholdersEquity`	$-396.59K	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.