DAVI LUXURY BRAND GROUP, INC.

CIK:0001450552|SEC Filings

Statements of Operations (USD $)	3 Months Ended		6 Months Ended
Statements of Operations (USD $)	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Sales
Royalty revenues	$ 41,138	$ 101,750	$ 120,591	$ 228,933
Product sales	5,431	24,047	9,089	51,525
Total sales	46,569	125,797	129,680	280,458
Cost of goods sold	1,112	1,179	2,200	8,065
Gross profit	45,457	124,618	127,480	272,393
Costs and expenses:
Wages and professional fees	98,578	170,895	302,251	250,598
General and administrative	63,879	132,285	126,485	227,971
Total costs and expenses	162,457	303,180	428,736	478,569
Loss from operations	(117,000)	(178,562)	(301,256)	(206,176)
Other expense
Interest expense	0	(10,426)	0	(15,829)
Net loss	$ (117,000)	$ (188,988)	$ (301,256)	$ (222,005)
Weighted average number of common shares outstanding - basic and diluted	14,162,306	9,476,539	137,988,022	9,379,271
Net loss per share - basic and diluted	$ (0.01)	$ (0.02)	$ (0.02)	$ (0.02)

Statements of Cash Flows (USD $)	6 Months Ended
Statements of Cash Flows (USD $)	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities
Net loss	$ (301,256)	$ (222,005)
Adjustments to reconcile net loss to net cash provided by (used in) provided by operating activities
Depreciation and amortization	17,339	9,283
Stock based compensation	45,715	156,837
Amortization of debt discount	0	15,000
Changes in operating assets and liabilities
Accounts receivable	52,897	105,626
Inventory	(32,915)	67,300
Other assets	(5,370)	2,042
Accounts payable and accrued expenses	(1,265)	(22,797)
Accounts payable - related parties	18,300	(39,000)
Deferred revenue	(31,188)	(10,985)
Deferred lease	496	0
Net cash provided by (used in) provided by operating activities	(237,247)	61,301
Cash flows from investing activities
Return of security deposit	0	10,790
Purchase of fixed assets	(12,530)	(30,314)
Net cash used in investing activities	(12,530)	(19,524)
Cash flows from financing activities
Proceeds from issuance of common stock payable	10,000	0
Proceeds from sale of stock	12,500	25,000
Net cash provided by financing activities	22,500	25,000
Net change in cash	(227,277)	66,777
Cash, beginning of period	654,346	346,699
Cash, end of period	427,069	413,476
Supplemental disclosure of cash flow information:
Income taxes paid	0	0
Interest paid	0	0
Supplemental disclosure of non-cash flow investing and financing activities:
Common stock issued for common stock payable	95,010	0
Common stock issued for accrued wages and bonus	0	92,000
Conversion of note payable into common stock	$ 0	$ 21,180

Balance Sheets (USD $)	Mar. 31, 2014	Sep. 30, 2013
Current assets:
Cash	$ 427,069	$ 654,346
Accounts receivable, net	23,337	76,234
Inventory, net	38,867	5,952
Other assets	8,955	3,585
Total current assets	498,228	740,117
Property and equipment, net	49,267	51,809
Intangible assets, net	67,180	69,447
Security deposit	10,596	10,596
Total assets	625,271	871,969
Current liabilities:
Accounts payable and accrued expenses	25,611	26,876
Accounts payable - related party	137,800	119,500
Common stock payable	10,000	95,010
Deferred revenue	152,062	183,250
Total current liabilities	325,473	424,636
Deferred lease	2,826	2,330
Total liabilities	328,299	426,966
Stockholders equity:
Common stock, $0.001 par value; 75,000,000 shares authorized; 14,195,917 and 13,195,917 shares issued and outstanding at December 31, 2013 and September 30, 2013, respectively	14,196	13,196
Additional paid-in capital	1,943,540	1,791,315
Accumulated deficit	(1,660,764)	(1,359,508)
Total stockholders equity	296,972	445,003
Total liabilities and stockholders equity	$ 625,271	$ 871,969