Development Capital Group, Inc.

CIK:0001517992|SEC Filings

Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
Statements of Operations (Unaudited) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2014
Revenue
Sales, net of allowances	$ 130,832us-gaap_SalesRevenueNet	$ 1,827,587us-gaap_SalesRevenueNet	$ 2,075,003us-gaap_SalesRevenueNet	$ 609,877us-gaap_SalesRevenueNet
Cost of goods sold	63,522us-gaap_CostOfGoodsSold	1,120,516us-gaap_CostOfGoodsSold	1,320,750us-gaap_CostOfGoodsSold	324,188us-gaap_CostOfGoodsSold
Gross profit	67,310us-gaap_GrossProfit	707,071us-gaap_GrossProfit	754,253us-gaap_GrossProfit	285,689us-gaap_GrossProfit
Operating expenses:
Selling expenses	60,740us-gaap_SellingExpense	135,817us-gaap_SellingExpense	167,596us-gaap_SellingExpense	203,313us-gaap_SellingExpense
Promotional and marketing expenses	2,510us-gaap_MarketingAndAdvertisingExpense	997,082us-gaap_MarketingAndAdvertisingExpense	1,832,502us-gaap_MarketingAndAdvertisingExpense	10,923us-gaap_MarketingAndAdvertisingExpense
General and administrative expenses	13,810us-gaap_GeneralAndAdministrativeExpense	45,343us-gaap_GeneralAndAdministrativeExpense	70,089us-gaap_GeneralAndAdministrativeExpense	622,422us-gaap_GeneralAndAdministrativeExpense
Salaries and wages	110,141us-gaap_SalariesAndWages	177,634us-gaap_SalariesAndWages	187,904us-gaap_SalariesAndWages	363,801us-gaap_SalariesAndWages
Total operating expenses	187,201us-gaap_OperatingExpenses	1,355,876us-gaap_OperatingExpenses	2,258,091us-gaap_OperatingExpenses	1,200,459us-gaap_OperatingExpenses
Net (loss) from operating activites	(119,891)us-gaap_NetInvestmentIncome	(648,805)us-gaap_NetInvestmentIncome	(1,503,838)us-gaap_NetInvestmentIncome	(914,770)us-gaap_NetInvestmentIncome
Other (expense):
Interest expense, net	(24,218)us-gaap_InterestIncomeExpenseNet	(15,931)us-gaap_InterestIncomeExpenseNet	(15,931)us-gaap_InterestIncomeExpenseNet	(72,616)us-gaap_InterestIncomeExpenseNet
Total other (expense)	(24,218)us-gaap_OtherExpenses	(15,931)us-gaap_OtherExpenses	(15,931)us-gaap_OtherExpenses	(72,616)us-gaap_OtherExpenses
Provision for income tax
Net (loss)	$ (144,109)us-gaap_NetIncomeLoss	$ (664,736)us-gaap_NetIncomeLoss	$ (1,519,769)us-gaap_NetIncomeLoss	$ (987,386)us-gaap_NetIncomeLoss
Net loss per share - basic and diluted	$ 0.00us-gaap_EarningsPerShareBasicAndDiluted	$ (0.01)us-gaap_EarningsPerShareBasicAndDiluted	$ (0.02)us-gaap_EarningsPerShareBasicAndDiluted	$ (0.01)us-gaap_EarningsPerShareBasicAndDiluted
Weighted average number of common shares outstanding - basic and diluted	105,542,735	85,785,452	82,313,204	105,542,735

Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
Statements of Cash Flows (Unaudited) (USD $)	Dec. 31, 2013	Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss)	$ (1,519,769)us-gaap_NetIncomeLoss	$ (987,386)us-gaap_NetIncomeLoss
Adjustments to reconcile net (loss) to net cash used in operating activities:
Options issued for services		47,973
Depreciation		3,604us-gaap_Depreciation
Changes in operating assets and liabilities:
Decrease in prepaid expenses	(37,500)	163,400
Decrease in inventory	(20,836)us-gaap_IncreaseDecreaseInInventories	87,230us-gaap_IncreaseDecreaseInInventories
Decrease in merchant reserve		162,063
(Increase) in other assets	(1,493)	3,724
(Decrease) in accounts payable	1,587,243	(220,736)
Increase in accrued interest		75,281
(Decrease) in allowance for returns		(5,000)
Net cash used in operating activities	7,645	(669,847)
CASH FLOWS FROM INVESTING ACTIVITIES
Repayments for notes receivable		211,040us-gaap_RepaymentsOfNotesPayable
Purchase of fixed assets	(3,359)	(295)
Net cash used in investing activities	(3,359)	210,745
CASH FLOWS FROM FINANCING ACTIVITIES
Cash advance - related party		2,000us-gaap_ProceedsFromRelatedPartyDebt
Proceeds from convertible notes payable - related party	292,860us-gaap_ProceedsFromConvertibleDebt	178,000us-gaap_ProceedsFromConvertibleDebt
Proceeds from the sale of common stock
Net cash provided by financing activities	292,860	180,000
NET CHANGE IN CASH	297,146	(279,102)
CASH AT BEGINNING OF PERIOD		297,146
CASH AT END OF PERIOD	279,146	18,044
SUPPLEMENTAL DISCLOSURES:
Interest paid
Income taxes paid

Balance Sheets (Unaudited) (USD $)	Dec. 31, 2014	Mar. 31, 2014
Current assets:
Cash and cash equivalents	$ 18,044us-gaap_CashEquivalentsAtCarryingValue	$ 297,146us-gaap_CashEquivalentsAtCarryingValue
Marketable securities		3,724us-gaap_MarketableSecurities
Prepaid expenses		163,400us-gaap_PrepaidExpenseCurrent
Inventory	44,624us-gaap_InventoryNet	131,854us-gaap_InventoryNet
Note receivable		76,420us-gaap_NotesReceivableNet
Note receivable - related party	95,745us-gaap_NotesReceivableRelatedParties	230,365us-gaap_NotesReceivableRelatedParties
Merchant reserve account	34,262us-gaap_RestructuringReserveCurrent	196,325us-gaap_RestructuringReserveCurrent
Total current assets	192,675us-gaap_AssetsCurrent	1,099,234us-gaap_AssetsCurrent
Fixed assets:
Office equipment, net of accumulated depreciation of $2204 and $818	3,447us-gaap_PropertyPlantAndEquipmentNet	4,538us-gaap_PropertyPlantAndEquipmentNet
Other assets:
Other assets net amortization of $2218 and $0	5,432us-gaap_OtherAssetsCurrent	7,650us-gaap_OtherAssetsCurrent
Deposits held	4,935us-gaap_Deposits	4,935us-gaap_Deposits
Total other assets	10,367us-gaap_OtherAssets	12,585us-gaap_OtherAssets
Total assets	206,489us-gaap_Assets	1,116,357us-gaap_Assets
Current liabilities:
Accounts payable and accrued expenses	1,708,906	1,929,642
Accrued interest	106,090us-gaap_AccruedLiabilitiesCurrent	33,821us-gaap_AccruedLiabilitiesCurrent
Reserve for returns and allowances	10,000DLPM_ReserveForReturnsAndAllowances	15,000DLPM_ReserveForReturnsAndAllowances
Convertible notes payable	603,000us-gaap_ConvertibleNotesPayable	603,000us-gaap_ConvertibleNotesPayable
Convertible notes payable - related party	380,000us-gaap_ConvertibleLongTermNotesPayable	196,988us-gaap_ConvertibleLongTermNotesPayable
Total current liabilities	2,807,996us-gaap_LiabilitiesCurrent	2,778,451us-gaap_LiabilitiesCurrent
Contingencies
Total liabilities	2,807,996us-gaap_Liabilities	2,778,451us-gaap_Liabilities
Stockholders' (deficit):
Common stock, $0.001 par value, 490,000,000 shares authorized, 105,542,735 and 105,542,735 shares issued and outstanding as of December 31, 2014 and March 31, 2014, respectively	105,543us-gaap_CommonStockValue	105,543us-gaap_CommonStockValue
Additional paid in capital	392,553us-gaap_AdditionalPaidInCapital	344,580us-gaap_AdditionalPaidInCapital
Accumulated (deficit)	(3,099,603)	(2,112,217)
Total stockholders' (deficit)	(2,601,507)us-gaap_StockholdersEquity	(1,662,094)us-gaap_StockholdersEquity
Total liabilities and stockholders' (deficit)	$ 206,489	$ 1,116,357