DC BRANDS INTERNATIONAL INC

CIK:0001393463|SEC Filings

Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Statements of Operations [Abstract]
Net Revenues	$ 50,000	$ (10,199)	$ 51,105	$ 6,171
Cost of goods sold		747		10,324
Gross margin	50,000	(10,946)	51,105	(4,153)
Operating Expenses
General and administrative	189,212	74,343	247,226	142,317
Sales and marketing				33,455
Depreciation and amortization		782		3,301
Total operating expenses	189,212	75,125	247,226	179,073
Loss from operations	(139,212)	(86,071)	(196,121)	(183,226)
Other Expense (Income)
Interest expense	249,751	345,390	510,794	710,639
Gain on Sale of Assets		(3,500)		(8,000)
Loss on retirement of debt		836,644		1,241,709
Total other expense (income)	249,751	1,178,534	510,794	1,944,348
Loss Before Taxes	(388,963)	(1,264,605)	(706,915)	(2,127,574)
Provision for income taxes
Net Income/(loss) to the noncontrolling interest	9,000		9,000
Net Loss attributed to DC Brands	$ (397,963)	$ (1,264,605)	$ (715,915)	$ (2,127,574)
Weighted average number of common shares outstanding	3,388,631,759	1,901,401	2,422,850,480	1,004,611
Basic and diluted net loss per common share	$ 0.00	$ (0.67)	$ 0.00	$ (2.12)

Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash used in operating activities
Net loss	$ (715,915)	$ (2,127,574)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		3,301
Debt issued for services	90,000
Debt issued for payment of expense		20,000
Loss on retirement of debt	0	1,241,709
Amortization of debt discount	232,724	398,567
Inventory write down
Noncontrolling interest share of net income/(loss)	9,000
Changes in operating assets and liabilities:
Accounts receivable	(35,000)	24,190
Inventory		26,335
Prepaid expenses		923
Accounts payable	11,865	4,471
Accrued interest payable	278,070	312,074
Accrued liabilities		(673)
Net cash used in operating activities	(129,256)	(96,677)
Cash provided by investing activities
Sale of property and equipment		4,100
Net cash provided by investing activities		4,100
Cash provided by financing activities
Proceeds from notes payable	129,300	77,000
Net cash provided by financing activities	129,300	77,000
Net decrease in cash and cash equivalents	45	(15,577)
Cash and cash equivalents
Beginning of period	11	16,628
End of period	56	1,051
Supplemental Disclosure of Noncash Investing and Financing Activities
Notes payable converted to common stock	399,535	183,002
Investment in Other Company		50,000
Debt Issued for services		20,000
Common stock issued for retirement of debt and accrued interest	4,332,940	1,428,144
Accrued interest reclassified to long-term debt	1,402
Disposition of fully depreciated property, plant &equipment		217,920
Preferred Stock exchanged for common stock	675,000
Preferred stock exchanged for debt	635,000	439,836
Supplemental Disclosure
Interest paid

Consolidated Balance Sheets (USD $)	Jun. 30, 2014	Dec. 31, 2013
Current assets
Cash and cash equivalents	$ 56	$ 11
Accounts receivable	35,000
Total current assets	35,056	11
Property and equipment, net
Investments	50,000	50,000
Total assets	85,056	50,011
Current liabilities
Accounts payable	148,905	137,039
Accrued Bonuses	1,800,000	1,800,000
Accrued interest payable	1,699,121	1,422,453
Related party payable	229,133	229,133
Note payable to former officers	1,090,556	1,090,556
Short-term notes payable and current portion of long-term debt (Net of Unamortized Discount of $324,437 as of June 30, 2014 and $255,486 as of December 31, 2013)	4,649,380	4,484,666
Total current liabilities	9,617,095	9,163,847
Long-term debt (Net of Unamortized Discount of $412,335 as of June 30, 2014 and $122,177 as of December 31, 2013)	251,454	319,110
Total liabilities	9,868,549	9,482,957
Stockholders' deficit
Common Stock, $0.001 par value; 5,000,000,000 shares authorized; shares issued and outstanding -5,513,183,642 as of June 30, 2014 and 505,243,481 as of December 31, 2013	5,513,184	505,244
Additional paid in capital	87,733,468	92,385,040
Accumulated deficit	(103,039,297)	(102,323,382)
Total DC Brands equity	(9,792,493)	(9,432,946)
Noncontrolling interest	9,000
Total stockholders' deficit	(9,792,493)	(9,432,946)
Total liabilities and stockholders' deficit	53,103	50,011
Series A Preferred Stock
Stockholders' deficit
Preferred Stock	91	91
Series B - G Preferred Stock
Stockholders' deficit
Preferred Stock	$ 61	$ 61