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Bare Metal Standard Inc. – ‘10-Q’ for 1/31/20 – ‘R18’

On:  Monday, 3/9/20, at 3:29pm ET   ·   For:  1/31/20   ·   Accession #:  1214659-20-2389   ·   File #:  0-55795

Previous ‘10-Q’:  ‘10-Q’ on 9/17/19 for 7/31/19   ·   Next:  ‘10-Q’ on 8/10/20 for 4/30/20   ·   Latest:  ‘10-Q’ on 9/15/20 for 7/31/20

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/09/20  Bare Metal Standard Inc.          10-Q        1/31/20   41:1.5M                                   Securex Filings/FA

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    152K 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     19K 
 3: EX-32.1     Certification -- §906 - SOA'02                      HTML     15K 
30: R1          Document and Entity Information                     HTML     48K 
13: R2          Consolidated Balance Sheets (Unaudited)             HTML     96K 
22: R3          Consolidated Balance Sheets (Unaudited)             HTML     33K 
                (Parenthetical)                                                  
37: R4          Consolidated Statements of Operations (Unaudited)   HTML     54K 
28: R5          Consolidated Statements of Changes in               HTML     36K 
                Stockholders' Equity (Deficit) (Unaudited)                       
12: R6          Consolidated Statements of Cash Flows (Unaudited)   HTML     74K 
21: R7          Organization and Operations                         HTML     20K 
35: R8          Basis of Presentation and Significant Accounting    HTML     40K 
                Policies                                                         
31: R9          Going Concern                                       HTML     18K 
34: R10         Major Customers and Accounts Receivable             HTML     20K 
32: R11         Notes and Loan Payable                              HTML     25K 
10: R12         Related Party Transactions                          HTML     17K 
23: R13         Stockholder's Equity                                HTML     18K 
36: R14         Common Stock Warrants                               HTML     23K 
33: R15         Commitments and Contingencies                       HTML     17K 
11: R16         Basis of Presentation and Significant Accounting    HTML     64K 
                Policies (Policies)                                              
24: R17         Basis of Presentation and Significant Accounting    HTML     20K 
                Policies (Tables)                                                
38: R18         Notes and Loan Payable (Tables)                     HTML     24K 
29: R19         Common Stock Warrants (Tables)                      HTML     24K 
15: R20         Organization and Operations (Details Narrative)     HTML     16K 
17: R21         Basis of Presentation and Significant Accounting    HTML     22K 
                Policies (Details)                                               
40: R22         Basis of Presentation and Significant Accounting    HTML     22K 
                Policies (Details Narrative)                                     
26: R23         Major Customers and Accounts Receivable (Details    HTML     50K 
                Narrative)                                                       
16: R24         Notes and Loan Payable (Details)                    HTML     50K 
18: R25         Notes and Loan Payable (Details Narrative)          HTML     24K 
41: R26         Related Party Transactions (Details Narrative)      HTML     14K 
27: R27         Stockholder's Equity (Details Narrative)            HTML     30K 
14: R28         Common Stock Warrants (Details)                     HTML     31K 
19: R29         Common Stock Warrants (Details Narrative)           HTML     22K 
39: XML         IDEA XML File -- Filing Summary                      XML     69K 
20: EXCEL       IDEA Workbook of Financial Reports                  XLSX     36K 
 4: EX-101.INS  XBRL Instance -- brmt-20200131                       XML    393K 
 6: EX-101.CAL  XBRL Calculations -- brmt-20200131_cal               XML     94K 
 7: EX-101.DEF  XBRL Definitions -- brmt-20200131_def                XML    214K 
 8: EX-101.LAB  XBRL Labels -- brmt-20200131_lab                     XML    463K 
 9: EX-101.PRE  XBRL Presentations -- brmt-20200131_pre              XML    345K 
 5: EX-101.SCH  XBRL Schema -- brmt-20200131                         XSD     76K 
25: ZIP         XBRL Zipped Folder -- 0001214659-20-002389-xbrl      Zip     55K

‘R18’   —   Notes and Loan Payable (Tables)

This is an IDEA Financial Report.  [ Alternative Formats ]

 
v3.20.1
NOTES AND LOAN PAYABLE (Tables)
 3 Months Ended
Debt Disclosure [Abstract]  
Schedule of notes payable outstanding

The Company has the following notes payable outstanding as of January 31, 2020 and October 31, 2019:

 

   

January 31,

2020

    

October 31,

2019

  
Note payable dated June 13, 2018 in the original principal amount of $100,000, maturing June
13, 2028, bearing interest at 12% per year, collateralized by 200,000 units of the Company’s
common stock, which have been issued. Each common stock unit includes one common share
and the right, to purchase, for up to two years, at a cost of $2, one common share.		   $ 90,953     $ 92,498  
                 
Note payable dated June 20, 2019 in the original principal amount of $10,812, maturing April
1, 2020, bearing interest at 16.24% per year, related to prepaid insurance premium, with
monthly payments of $1,163.		     2,722       5,357  
                 
Note payable with a related party dated July 10, 2018 in the original principal amount of
$5,000, maturing July 10, 2021, bearing interest at 7% per year, unsecured, with monthly
payments of principal and interest of $154.		     2,492       2,906  
                 
Note payable with a related party dated December 24, 2018 in the original principal amount
of $21,000, maturing December 20, 2020, bearing interest at 7% per year, unsecured, with
monthly payments of principal and interest of $940.		     9,989       12,605  
                 
Total notes payable     106,156       113,366  
 Less: current portion     (21,105 )     (24,266 )
 Less: unamortized discount     (41,799 )     (43,063 )
 Total notes payable, net of discount and current portion   $ 43,252     $ 46,037  

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
6/13/28
7/10/21
12/20/20
4/1/20
Filed on:3/9/20
For Period end:1/31/20
10/31/1910-K
6/20/19
12/24/18
7/10/18
6/13/18
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Filing Submission 0001214659-20-002389   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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