$DLOC
Digital Locations, Inc. Stock $dloc

$dloc Overview Financials Valuation SEC Filings Company Website

2021 Q2 Form 10-Q Financial Statement

#000147793221005513 Filed on August 16, 2021

Income Statement

Concept	2021 Q2	2020 Q4	2020 Q2
Revenue	$4.906K	$0.00	$0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin	$513.1K	$211.0K	$79.29K
YoY Change	547.16%	91.17%	-6.07%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$500.00	$110.00	$270.00
YoY Change	85.19%	-31.25%	-104.12%
% of Gross Profit
Operating Expenses	$513.6K	$211.1K	$79.56K
YoY Change	545.57%	90.99%	-15.98%
Operating Profit	-$508.7K		-$79.56K
YoY Change	539.41%
Interest Expense	$349.0K	-$1.239M	$155.5K
YoY Change	124.49%	-362.24%	30.57%
% of Operating Profit
Other Income/Expense, Net	-$3.820M		-$892.1K
YoY Change	328.18%
Pretax Income	-$4.329M	-$1.451M	-$971.7K
YoY Change	345.48%	-313.6%	-4085.51%
Income Tax	$0.00	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$4.329M	-$1.451M	-$971.7K
YoY Change	345.48%	-313.6%	1456.16%
Net Earnings / Revenue	-88229.49%
Basic Earnings Per Share	-$0.03
Diluted Earnings Per Share	-$0.03	-$11.27K	-$55.08K
COMMON SHARES
Basic Shares Outstanding	174.4M shares
Diluted Shares Outstanding	174.4M shares

Balance Sheet

Concept	2021 Q2	2020 Q4	2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$67.19K	$18.61K	$15.11K
YoY Change	344.67%	124.76%	-59.56%
Cash & Equivalents	$67.19K	$18.61K	$15.11K
Short-Term Investments
Other Short-Term Assets		$0.00	$0.00
YoY Change		-100.0%	-100.0%
Inventory
Prepaid Expenses
Receivables	$1.144K	$0.00
Other Receivables	$0.00
Total Short-Term Assets	$68.33K	$18.61K	$15.11K
YoY Change	352.23%	67.92%	-80.34%
LONG-TERM ASSETS
Property, Plant & Equipment		$0.00	$2.250K
YoY Change		-100.0%	-86.63%
Goodwill	$2.096M	$0.00
YoY Change
Intangibles	$9.000K	$0.00
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$2.105M	$0.00	$2.240K
YoY Change	93877.19%	-100.0%	-98.24%
TOTAL ASSETS
Total Short-Term Assets	$68.33K	$18.61K	$15.11K
Total Long-Term Assets	$2.105M	$0.00	$2.240K
Total Assets	$2.173M	$18.61K	$17.35K
YoY Change	12426.92%	-4.05%	-91.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$147.1K	$168.9K	$214.5K
YoY Change	-31.39%	33.58%	2.39%
Accrued Expenses	$58.67K	$824.5K	$726.4K
YoY Change	-91.92%	39.13%	52.95%
Deferred Revenue
YoY Change
Short-Term Debt	$169.1K	$2.600M	$2.625M
YoY Change	-93.56%	5.39%	18.48%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$7.241M	$14.96M	$10.28M
YoY Change	-29.58%	60.01%	2.86%
LONG-TERM LIABILITIES
Long-Term Debt	$672.6K	$0.00	$0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$672.6K	$0.00	$0.00
YoY Change			-100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$7.241M	$14.96M	$10.28M
Total Long-Term Liabilities	$672.6K	$0.00	$0.00
Total Liabilities	$7.914M	$14.96M	$10.28M
YoY Change	-23.03%	60.01%	2.84%
SHAREHOLDERS EQUITY
Retained Earnings	-$52.55M	-$38.01M
YoY Change
Common Stock	$184.3K	$133.3K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$10.72M	-$16.44M	-$11.77M
YoY Change
Total Liabilities & Shareholders Equity	$2.173M	$18.61K	$17.35K
YoY Change	12426.92%	-4.05%	-91.5%

Cashflow Statement

Concept	2021 Q2	2020 Q4	2020 Q2
OPERATING ACTIVITIES
Net Income	-$4.329M	-$1.451M	-$971.7K
YoY Change	345.48%	-313.6%	1456.16%
Depreciation, Depletion And Amortization	$500.00	$110.00	$270.00
YoY Change	85.19%	-31.25%	-104.12%
Cash From Operating Activities	-$128.9K	-$78.53K	-$38.11K
YoY Change	238.34%	-15.75%	-71.99%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00	$0.00
YoY Change
Cash From Investing Activities	$0.00	$0.00	$0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	115.0K	61.50K	34.50K
YoY Change	233.33%	-38.5%	-82.75%
NET CHANGE
Cash From Operating Activities	-128.9K	-78.53K	-38.11K
Cash From Investing Activities	0.000	0.000	0.000
Cash From Financing Activities	115.0K	61.50K	34.50K
Net Change In Cash	-13.94K	-17.03K	-3.610K
YoY Change	286.15%	-350.81%	-105.64%
FREE CASH FLOW
Cash From Operating Activities	-$128.9K	-$78.53K	-$38.11K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2020Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	0	USD
CY2021Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	198845869	shares
CY2021Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	67188	USD
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	18605	USD
CY2021Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	1144	USD
CY2020Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	0	USD
CY2021Q2	us-gaap	Assets Current AssetsCurrent	68332	USD
CY2020Q4	us-gaap	Assets Current AssetsCurrent	18605	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	172586	USD
CY2021Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	500	USD
CY2020Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	270	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	324	USD
CY2020Q4	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent	2501927	USD
CY2021Q2	dloc	Ppp Loan Payable PppLoanPayable	0	USD
CY2020Q4	dloc	Ppp Loan Payable PppLoanPayable	9501	USD
CY2021Q2	us-gaap	Liabilities Current LiabilitiesCurrent	7241062	USD
CY2020Q4	us-gaap	Liabilities Current LiabilitiesCurrent	14955096	USD
CY2021Q2	dloc	Long Term Liabilities Convertible Notes Payable Net Of Discount LongTermLiabilitiesConvertibleNotesPayableNetOfDiscount	327385	USD
CY2020Q4	dloc	Long Term Liabilities Convertible Notes Payable Net Of Discount LongTermLiabilitiesConvertibleNotesPayableNetOfDiscount	0	USD
CY2021Q2	us-gaap	Convertible Debt ConvertibleDebt	672615	USD
CY2020Q4	us-gaap	Convertible Debt ConvertibleDebt	0	USD
CY2021Q2	us-gaap	Goodwill Goodwill	2096089	USD
CY2020Q4	us-gaap	Goodwill Goodwill	0	USD
CY2021Q2	us-gaap	Assets Assets	2173421	USD
CY2020Q4	us-gaap	Assets Assets	18605	USD
CY2021Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	147133	USD
CY2020Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	168946	USD
CY2021Q2	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	60000	USD
CY2020Q4	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	80000	USD
CY2021Q2	us-gaap	Accounts Payable And Other Accrued Liabilities AccountsPayableAndOtherAccruedLiabilities	7673	USD
CY2020Q4	us-gaap	Accounts Payable And Other Accrued Liabilities AccountsPayableAndOtherAccruedLiabilities	3947	USD
CY2021Q2	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	50993	USD
CY2020Q4	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	820584	USD
CY2021Q2	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	6806138	USD
CY2020Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	11282091	USD
CY2021Q2	us-gaap	Debt Default Shortterm Debt Amount DebtDefaultShorttermDebtAmount	29500	USD
CY2020Q4	us-gaap	Debt Default Shortterm Debt Amount DebtDefaultShorttermDebtAmount	29500	USD
CY2021Q2	us-gaap	Convertible Debt Current ConvertibleDebtCurrent	25980	USD
CY2021Q2	dloc	Convertible Notes Payable Related Parties ConvertibleNotesPayableRelatedParties	58600	USD
CY2020Q4	dloc	Convertible Notes Payable Related Parties ConvertibleNotesPayableRelatedParties	58600	USD
CY2021Q2	dloc	Convertible Notes Payable Net Of Discount ConvertibleNotesPayableNetOfDiscount	164120	USD
CY2020Q4	dloc	Convertible Notes Payable Net Of Discount ConvertibleNotesPayableNetOfDiscount	119419	USD
CY2021Q2	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent	81025	USD
CY2021Q2	us-gaap	Liabilities Liabilities	7913677	USD
CY2020Q4	us-gaap	Liabilities Liabilities	14955096	USD
CY2021Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2021Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	2000000000	shares
CY2021Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	184279404	shares
CY2020Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	133337561	shares
CY2021Q2	us-gaap	Common Stock Value CommonStockValue	184279	USD
CY2020Q4	us-gaap	Common Stock Value CommonStockValue	133338	USD
CY2021Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	41642154	USD
CY2020Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	21437708	USD
CY2021Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-52549489	USD
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CY2021Q2	us-gaap	Stockholders Equity StockholdersEquity	-10723056	USD
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CY2020Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	18605	USD
CY2021Q2	us-gaap	Revenues Revenues	4906	USD
CY2020Q2	us-gaap	Revenues Revenues	0	USD
	us-gaap	Revenues Revenues	11244	USD
	us-gaap	Revenues Revenues	0	USD
CY2021Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	513131	USD
CY2020Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	79292	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1248079	USD
CY2020Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-892106	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-13298617	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-1174233	USD
CY2021Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-4328539	USD
CY2020Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-971668	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-14536452	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-1347143	USD
CY2021Q2	us-gaap	Operating Expenses OperatingExpenses	513631	USD
CY2020Q2	us-gaap	Operating Expenses OperatingExpenses	79562	USD
	us-gaap	Operating Expenses OperatingExpenses	1249079	USD
	us-gaap	Operating Expenses OperatingExpenses	172910	USD
CY2021Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-508725	USD
CY2020Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-79562	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-1237835	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-172910	USD
CY2021Q2	us-gaap	Interest Expense InterestExpense	349043	USD
CY2020Q2	us-gaap	Interest Expense InterestExpense	155481	USD
	us-gaap	Interest Expense InterestExpense	512503	USD
	us-gaap	Interest Expense InterestExpense	347645	USD
CY2021Q2	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	13010236	USD
CY2020Q2	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-736625	USD
	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	3694893	USD
	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-826588	USD
CY2021Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-16490508	USD
CY2020Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
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	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
CY2021Q2	dloc	Gain On Forgiveness Of Ppp Loan GainOnForgivenessOfPppLoan	9501	USD
CY2020Q2	dloc	Gain On Forgiveness Of Ppp Loan GainOnForgivenessOfPppLoan	0	USD
	dloc	Gain On Forgiveness Of Ppp Loan GainOnForgivenessOfPppLoan	9501	USD
	dloc	Gain On Forgiveness Of Ppp Loan GainOnForgivenessOfPppLoan	0	USD
CY2021Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-3819814	USD
CY2021Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
CY2020Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	-4328539	USD
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	us-gaap	Net Income Loss NetIncomeLoss	-14536452	USD
	us-gaap	Net Income Loss NetIncomeLoss	-1347143	USD
CY2021Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	174373718	shares
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	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	11378418	shares
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	us-gaap	Share Based Compensation ShareBasedCompensation	143000	USD
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	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	387000	USD
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	us-gaap	Interest Paid Net InterestPaidNet	0	USD
	dloc	Debt Discount For Derivative Liabilities DebtDiscountForDerivativeLiabilities	387000	USD
	dloc	Debt Discount For Derivative Liabilities DebtDiscountForDerivativeLiabilities	40766	USD
	dloc	Common Shares Issued In Conversion Of Debt CommonSharesIssuedInConversionOfDebt	185480	USD
	dloc	Common Shares Issued In Conversion Of Debt CommonSharesIssuedInConversionOfDebt	98020	USD
	dloc	Series E Preferred Shares Issued In Conversion Of Debt SeriesEPreferredSharesIssuedInConversionOfDebt	16490504	USD
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	dloc	Derivative Liability For Consultant Stock Options DerivativeLiabilityForConsultantStockOptions	998134	USD
	dloc	Derivative Liability For Consultant Stock Options DerivativeLiabilityForConsultantStockOptions	0	USD
	dloc	Settlement Of Derivative Liabilities SettlementOfDerivativeLiabilities	3617188	USD
	dloc	Settlement Of Derivative Liabilities SettlementOfDerivativeLiabilities	311547	USD
	dloc	Common Shares Issued In Conversion Of Series B Preferred Share CommonSharesIssuedInConversionOfSeriesBPreferredShare	12700	USD
	dloc	Common Shares Issued In Conversion Of Series B Preferred Share CommonSharesIssuedInConversionOfSeriesBPreferredShare	1	USD
	dloc	Reverse Split Rounding Of Shares ReverseSplitRoundingOfShares	0	USD
	dloc	Reverse Split Rounding Of Shares ReverseSplitRoundingOfShares	3	USD
	dloc	Redemption Of Series D Preferred Stock RedemptionOfSeriesDPreferredStock	0	USD
	dloc	Redemption Of Series D Preferred Stock RedemptionOfSeriesDPreferredStock	1	USD
	us-gaap	Use Of Estimates UseOfEstimates	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the accompanying financial statements. Significant estimates made in preparing these financial statements include the estimate of useful lives of property and equipment and intangible assets, operating lease obligations, impairment of assets, the deferred tax valuation allowance, the fair value of stock options and derivative liabilities. Actual results could differ from those estimates.</p>
	us-gaap	Reclassifications Reclassifications	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Certain amounts in the condensed consolidated financial statements for the prior year periods have been reclassified to conform to the presentation for the current year periods.</p>
CY2021Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	184279404	shares
	dloc	Concentrations Of Credit Risk And Major Customers Policy Textblock ConcentrationsOfCreditRiskAndMajorCustomersPolicyTextblock	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">During the three months and six months ended June 30, 2021, the Company received payments from two cell phone carriers, with one carrier representing substantially all payments. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">During the three months and six months ended June 30, 2021, the Company had one landlord receiving all Company payments for lease of billboard site locations.</p>
	dloc	Business Acquisitiontextblock BusinessAcquisitiontextblock	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>NOTE 3 – BUSINESS ACQUISITION</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On January 7, 2021, the Company, SCS LLC, and SCS entered into the APA to acquire substantially all of the assets of SCS LLC’s wireless communications marketing and database services business in consideration for a total purchase price of $10,000 in cash and a 5-year convertible promissory note in the amount of $1,000,000 made in favor of SCS or its assignees (the “Note”). SCS LLC is a source of more than 80,000 cell sites offered by property owners for use by wireless network operators. The business acquisition has been recorded as a purchase.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Pursuant to the APA, SCS LLC instructed the Company to assign $500,000 of principal amount of the Note to each of SCS LLC’s two members (the “Assigned Notes”).</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">At any time after December 31, 2021, each month, each holder of the Assigned Notes may convert the principal amount of the Assigned Note into a number of shares of the Company’s common stock not exceeding 5% of the total trade volume of the Company’s common stock publicly reported for the previous calendar month at a conversion price of $0.013 per share. Each Assigned Note also imposes an overall limitation on the number of conversions to common stock that the holder may affect such that it prohibits the holder from beneficially owning more than 4.99% of the total issued and outstanding common stock of the Company at any time that the Assigned Note is outstanding</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The business acquisition closed on January 7, 2021.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Based on the report of an independent valuation firm, the notes payable were discounted to $645,095 using an interest rate of 9.54% and a derivative liability of $1,450,994 was calculated for the conversion feature of the notes. The total value of the consideration paid of $2,106,089, including cash paid of $10,000, has been allocated to the following assets based on the report:</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Identifiable intangible assets:</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 15px">IP technology</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">4,000</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 15px">Customer base</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">6,000</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 15px">Total identifiable intangible assets</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">10,000</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Goodwill</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">2,096,089</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Total</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">2,106,089</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">During the three months and six months ended June 30, 2021, consolidated revenues were comprised of revenues from SCS.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Unaudited pro forma summary results of operations for the year ended December 31, 2020 as though the business acquisition had taken place on January 1, 2020 are as follows:</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Revenues</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">23,221</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Net loss</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(2,910,858</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Net loss per common share</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(0.05</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr></tbody></table>
CY2021Q1	dloc	Convertible Promissory Notes Principal Amount ConvertiblePromissoryNotesPrincipalAmount	50000	USD
CY2021Q1	dloc	Convertible Promissory Notes Principal Amount ConvertiblePromissoryNotesPrincipalAmount	500000	USD
CY2021Q1	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	50000	USD
	dloc	Proceeds From Convertible Promissory Notes ProceedsFromConvertiblePromissoryNotes	60000	USD
CY2021Q1	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	60000	USD
CY2021Q1	us-gaap	Debt Instrument Convertible Terms Of Conversion Feature DebtInstrumentConvertibleTermsOfConversionFeature	The lender, at its option after 180 days from the issuance of the note, may convert the unpaid principal balance of, and accrued interest on, the note into shares of the Company’s common stock at a 45% discount from the lowest trading price during the 20 trading days prior to conversion. The Company may prepay the note during the 180 days from the issuance of the note at a redemption premium of 150%. After the expiration of 180 days after issuance, the Company has no right of prepayment. We recorded a debt discount of $33,500 related to the conversion feature of the note, along with a derivative liability at inception. During the six months ended June 30, 2021,
CY2021Q1	us-gaap	Debt Instrument Convertible Terms Of Conversion Feature DebtInstrumentConvertibleTermsOfConversionFeature	The lender, at its option after 180 days from the issuance of the note, may convert the unpaid principal balance of, and accrued interest on, the note into shares of the Company’s common stock at a 45% discount from the lowest trading price during the 20 trading days prior to conversion. The Company may prepay the note during the 180 days from the issuance of the note at a redemption premium of 150%. After the expiration of 180 days after issuance, the Company has no right of prepayment. We recorded a debt discount of $45,500 related to the conversion feature of the note, along with a derivative liability at inception.
CY2020Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2021Q2	dloc	Common Stock Closing Price CommonStockClosingPrice	0.0219

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dloc-20210630.xsd	Edgar Link	pending
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2021 Q2 Form 10-Q Financial Statement

#000147793221005513 Filed on August 16, 2021

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$DLOC Digital Locations, Inc. Stock $dloc

2021 Q2 Form 10-Q Financial Statement

#000147793221005513 Filed on August 16, 2021

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Digital Locations, Inc. Stock $dloc