Black Bird Biotech (BBBT) 10-K 9 Apr 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Mar. 31, 2014	Jun. 30, 2013
Document And Entity Information	'	'	'
Entity Registrant Name	'Digital Development Partners, Inc.	'	'
Entity Central Index Key	'0001409999	'	'
Document Type	'10-K	'	'
Document Period End Date	31-Dec-13	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--12-31	'	'
Is Entity a Well-known Seasoned Issuer?	'No	'	'
Is Entity a Voluntary Filer?	'No	'	'
Is Entity's Reporting Status Current?	'Yes	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Public Float	'	'	$134,000
Entity Common Stock, Shares Outstanding	'	85,970,665	'
Document Fiscal Period Focus	'FY	'	'
Document Fiscal Year Focus	'2013	'	'

Condensed_Balance_Sheets

Condensed Balance Sheets (USD $)	Dec. 31, 2013	Dec. 31, 2012
ASSETS	'	'
Cash	$24,184	$22,665
Total Assets	24,184	22,665
LIABILITIES AND STOCKHOLDERS' EQUITY	'	'
Accounts Payable	73,631	62,121
Long Term Liabilities	'	'
Loan Payable - Related Party	420,000	340,000
Total Liabilities	493,631	402,121
Stockholders' Equity	'	'
Common Stock, $0.001 par value; authorized 225,000,000 shares; 85,970,665 issued and outstanding as of December 31, 2013 and 2012	85,971	85,971
Additional Paid-In Capital	7,488,946	7,488,946
Accumulated Deficit	-8,044,364	-7,954,373
Total Stockholders' Equity	-469,447	-379,456
Total Liabilities and Stockholders Deficit	$24,184	$22,665

Condensed_Balance_Sheets_Paren

Condensed Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Stockholders' Equity	'	'
Common stock, par value	$0.00	$0.00
Common stock, Authorized	225,000,000	225,000,000
Common stock, Issued	85,970,665	85,970,665
Common stock, outstanding	85,970,665	85,970,665

Condensed_Statements_of_Operat

Condensed Statements of Operations (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
General and Administrative Expenses:	'	'
Other Expenses	($71,419)	($86,515)
Operating Expenses	-71,419	-86,515
Loss from Operations	-71,419	-86,515
Other Income and Expense	'	'
Interest Expense	18,572	'
Total	18,572	'
Net Loss	($89,991)	($86,515)
Loss Per Common Share:	'	'
Basic and Diluted	$0	$0
Weighted Average Shares Outstanding, Basic and Diluted:	85,970,665	85,970,665

Condensed_Statements_of_Cash_F

Condensed Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities:	'	'
Net loss	($89,991)	($86,515)
Change in operating assets and liabilities:	'	'
Accounts payable	11,510	19,349
Net cash used by operating activities	-78,481	-67,166
Cash flows from financing activities:	'	'
Proceeds of loan payable from related party	80,000	40,000
Net cash provided by financing activities	80,000	40,000
Net increase (decrease) in cash	1,519	-27,166
Cash, beginning of the period	22,665	49,831
Cash, end of the period	24,184	22,665
Supplemental cash flow disclosure:	'	'
Interest paid	'	'
Taxes paid	'	'

Statement_of_Stockholders_Defi

Statement of Stockholders' Deficit (USD $)	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Beginning Balance, Amount at Dec. 31, 2011	$85,971	$7,488,946	($7,867,858)	($292,941)
Beginning Balance, Shares at Dec. 31, 2011	85,970,665	'	'	'
Net loss for the year	'	'	-86,515	-86,515
Ending Balance, Amount at Dec. 31, 2012	85,971	7,488,946	-7,954,373	-379,456
Ending Balance, Shares at Dec. 31, 2012	85,970,665	'	'	'
Net loss for the year	'	'	-89,991	-89,991
Ending Balance, Amount at Dec. 31, 2013	$85,971	$7,488,946	($8,044,364)	($469,447)
Ending Balance, Shares at Dec. 31, 2013	85,970,665	'	'	'

1_Basis_of_Presentation_and_Na

1. Basis of Presentation and Nature of Operations	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
1. Basis of Presentation and Nature of Operations	'
	These financial statements as of and for the twelve months ended December 31, 2013 and 2012 reflect all adjustments which, in the opinion of management, are necessary to fairly state the Company’s financial position and the results of its operations for the periods presented, in accordance with the accounting principles generally accepted in the United States of America. All adjustments are of a normal recurring nature.
	Organization
	The Company was incorporated as Cyprium Resources, Inc. under the laws of the State of Nevada December 22, 2006.  The Company was originally formed for mineral exploration in the United States.  On May 19, 2009 the Company’s name was changed to Digital Development Partners, Inc.
	A reassessment of the Company’s direction resulted in a reorganization plan on February 17, 2010 which included:
	1.	Acquisition of a new line of technology through the acquisition of the worldwide distribution and servicing rights to a cell phone enterprise based in Hong Kong;
	2.	Change in management;
	3.	Sale of the Company’s option on Top Floor Studio;
	4.	Distribution of the Company’s shares in YuDeal, Inc. to the stockholders.
	Pursuant to the plan, the Company’s interests in Top Floor Studio and YuDeal Inc. were disposed of in February, 2010.  The Company’s option on Top Floor was sold to YuDeal, Inc. for YuDeal common stock, which in turn was traded for 20,095,000 shares of Company stock.  These shares were returned to Treasury and cancelled.  A residual of YuDeal stock was distributed to Company stockholders in March and April, 2010.
	In conjunction with the reorganization the management team of the Company resigned. The Company’s president, Isaac Roberts, was replaced by Jack Jie Quin, president of EFT Biotech Holding Inc.
	On February 17, 2010 an agreement was signed with the cell phone company, EFT Biotech Holding, Inc., which trades on the OTC Pink Sheets under the ticker symbol “EFTB”, and markets its “EFT-Phone” through direct marketing in China from Hong Kong.  EFT’s distribution and servicing rights were acquired by the Company in the agreement through the exchange of 79,265,000 shares of the Company’s common stock.
	EFT Biotech Holding Inc. thereby became the majority stockholder of Digital Development Partners Inc.   The Company sold EFT-Phones as agent to EFT-Phone for its Chinese market through the fiscal year ended December 31, 2011. There have been no new orders in the current fiscal year.  EFT has advised the Company that due to a significant drop in demand for the EFT phone, no new orders will be placed until demand increases.  The Company is investigating other business opportunities and sources to develop revenue.

2_Summary_of_Significant_Accou

2. Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Summary of Significant Accounting Policies	'
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, and reported amounts of revenue and expenses during the reporting period.  Actual results could differ materially from those estimates.
	Cash and Cash equivalents
	Cash and equivalents include investments with initial maturities of three months or less. The Company had no cash equivalents as of December 31, 2013 and 2012.
	Fair Value of Financial Instruments
	The Financial Accounting Standards Board issued   ASC 820-10 (SFAS No. 157), “Fair Value Measurements and Disclosures" for financial assets and liabilities. ASC 820-10 provides a framework for measuring fair value and requires expanded disclosures regarding fair value measurements.  FASB ASC 820-10 defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date.  FASB ASC 820-10 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The following summarizes the three levels of inputs required by the standard that the Company uses to measure fair value:
	-	Level 1: Quoted prices in active markets for identical assets or liabilities
	-	Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities.
	-	Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.
	Income Taxes
	The Company accounts for income taxes utilizing ASC 740, “Income Taxes” (SFAS No. 109).  ASC 740 requires the measurement of deferred tax assets for deductible temporary differences and operating loss carry forwards, and of deferred tax liabilities for taxable temporary differences.  Measurement of current and deferred tax liabilities and assets is based on provisions of enacted tax law.  The effects of future changes in tax laws or rates are not included in the measurement.  The Company recognizes the amount of taxes payable or refundable for the current year and recognizes deferred tax liabilities and assets for the expected future tax consequences of events and transactions that have been recognized in the Company’s financial statements or tax returns.  The Company currently has substantial net operating loss carry forwards. The Company has recorded a 100% valuation allowance against net deferred tax assets due to uncertainty of their ultimate realization.  Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.
	Going Concern
	The Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The Company also has a working capital deficit as of December 31, 2013These factors raise substantial doubt about the Company’s ability to continue as a going concern.
	The Company’s activities will necessitate significant uses of working capital beyond 2013. Additionally, the Company’s capital requirements will depend on many factors, including the success of the Company’s researching for new markets. The Company plans to continue financing its operations with cash received from financing activities, more specifically from related party loans.
	While the Company strongly believes that its capital resources will be sufficient in the near term, there is no assurance that the Company’s activities will generate sufficient revenues to sustain its operations without additional capital or if additional capital is needed, that such funds, if available, will be obtainable on terms satisfactory to the Company.
	Basic and Diluted Net Loss Per Share
	Net loss per share is calculated in accordance with ASC 260, Earnings per Share, for the period presented.  Basic net loss per share is based upon the weighted average number of common shares outstanding.  Diluted net loss per share is based on the assumption that all dilutive convertible shares and stock options were converted or exercised.  Dilution is computed by applying the treasury stock method.  Under this method, options and warrants are assumed exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period. There is no potential dilutive security as of December 31, 2013. As there was a net loss
	for the period, basic and diluted loss per share is the same for the twelve months ended December 31, 2013 and 2012, respectively.
	Recent Accounting Pronouncements
	Management does not believe that any recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Company's financial statements.

3_Related_Party_Transactions

3. Related Party Transactions	12 Months Ended
	Dec. 31, 2013
Related Party Transactions [Abstract]	'
3. Related Party Transactions	'
		December 31,		December 31,
		2013		2012
	Loan Payable to related party – EFT Holdings, Inc.	$	420,000	$	340,000
	A promissory note for $500,000 was issued May 13, 2010 to EFT Holdings Inc.   A series of advances was received from EFT Holdings during the fiscal year ended December 31, 2011 totaling $300,000. The note bears annual interest of 5%, requires no monthly payments, and matured November 13, 2010. The note was extended indefinitely due on demand. The note was paid down to $300,000 in January, 2011. A further $20,000 was advanced August 17, 2012, and another $20,000 was advanced on December 11, 2012 increasing the loan balance to 340,000.  During 2013 a further $80,000 was advanced, bear an interest rate of 5% and with a term of one year, increasing the loan balance to $420,000.

4_Income_Taxes

4. Income Taxes	12 Months Ended
	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'
4. Income Taxes	'
	No provision was made for federal income tax for the year ended December 31, 2013, since the Company had net operating losses.
	The Company has available net operating loss carry-forward of approximately $656,887, which begins to expire in 2029 unless utilized beforehand. Net operating loss carry forwards may be used to reduce taxable income through the year 2033. The availability of the Company’s net operating loss carry forwards are subject to limitation if there is a 50% or more positive change in the ownership of the Company’s stock. As presented below, the Company generated a deferred tax asset through the net operating loss carry-forward.  However, a 100% valuation allowance has been established because the ultimate realization of the deferred tax asset is dependent upon the generation of future taxable income during the periods in which the net operating loss carryforwards are available.  Management considers projected future taxable income, the scheduled reversal of deferred tax liabilities and available tax planning strategies that can be implemented by the Company in making this assessment.  Based upon the level of historical taxable income and projections for future taxable income over the period in which the net operating loss carryforwards are available to reduce income taxes payable, management has established a full valuation allowance such that the net deferred tax asset is $0 as of December 31, 2013.
		As of December 31,
		2013			2012
	Deferred tax assets:
	Net operating loss carryforwards	$	223,342		$	86,790
	Less: valuation allowance		(223,342	)		(86,790	)
	Net deferred tax assets	$	--		$	--

2_Summary_of_Significant_Accou1

2. Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Use of Estimates	'
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, and reported amounts of revenue and expenses during the reporting period.  Actual results could differ materially from those estimates.
Cash and equivalents	'
	Cash and equivalents include investments with initial maturities of three months or less. The Company had no cash equivalents as of December 31, 2013 and 2012.
Fair Value of Instruments	'
	The Financial Accounting Standards Board issued   ASC 820-10 (SFAS No. 157), “Fair Value Measurements and Disclosures" for financial assets and liabilities. ASC 820-10 provides a framework for measuring fair value and requires expanded disclosures regarding fair value measurements.  FASB ASC 820-10 defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date.  FASB ASC 820-10 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The following summarizes the three levels of inputs required by the standard that the Company uses to measure fair value:
	-	Level 1: Quoted prices in active markets for identical assets or liabilities
	-	Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities.
	-	Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.
Income Taxes	'
	The Company accounts for income taxes utilizing ASC 740, “Income Taxes” (SFAS No. 109).  ASC 740 requires the measurement of deferred tax assets for deductible temporary differences and operating loss carry forwards, and of deferred tax liabilities for taxable temporary differences.  Measurement of current and deferred tax liabilities and assets is based on provisions of enacted tax law.  The effects of future changes in tax laws or rates are not included in the measurement.  The Company recognizes the amount of taxes payable or refundable for the current year and recognizes deferred tax liabilities and assets for the expected future tax consequences of events and transactions that have been recognized in the Company’s financial statements or tax returns.  The Company currently has substantial net operating loss carry forwards. The Company has recorded a 100% valuation allowance against net deferred tax assets due to uncertainty of their ultimate realization.  Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.
Going Concern	'
	The Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The Company also has a working capital deficit as of December 31, 2013These factors raise substantial doubt about the Company’s ability to continue as a going concern.
	The Company’s activities will necessitate significant uses of working capital beyond 2013. Additionally, the Company’s capital requirements will depend on many factors, including the success of the Company’s researching for new markets. The Company plans to continue financing its operations with cash received from financing activities, more specifically from related party loans.
	While the Company strongly believes that its capital resources will be sufficient in the near term, there is no assurance that the Company’s activities will generate sufficient revenues to sustain its operations without additional capital or if additional capital is needed, that such funds, if available, will be obtainable on terms satisfactory to the Company.
Basic and Diluted Net Loss Per Share	'
	Net loss per share is calculated in accordance with ASC 260, Earnings per Share, for the period presented.  Basic net loss per share is based upon the weighted average number of common shares outstanding.  Diluted net loss per share is based on the assumption that all dilutive convertible shares and stock options were converted or exercised.  Dilution is computed by applying the treasury stock method.  Under this method, options and warrants are assumed exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period. There is no potential dilutive security as of December 31, 2013. As there was a net loss
	for the period, basic and diluted loss per share is the same for the twelve months ended December 31, 2013 and 2012, respectively.
Recent Accounting Pronouncements	'
	Management does not believe that any recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Company's financial statements.

3_Related_Party_Transactions_T

3. Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2013
Related Party Transactions Tables	'
Schedule of related party transactions	'
		December 31,		December 31,
		2013		2012
	Loan Payable to related party – EFT Holdings, Inc.	$	420,000	$	340,000

4_Income_Taxes_Tables

4. Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2013
Income Taxes Tables	'
Schedule of deferred tax assets	'
		As of December 31,
		2013			2012
	Deferred tax assets:
	Net operating loss carryforwards	$	223,342		$	86,790
	Less: valuation allowance		(223,342	)		(86,790	)
	Net deferred tax assets	$	--		$	--

3_Related_Party_Transactions_D

3. Related Party Transactions (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Related Party Transactions Details	'	'
Loan Payable b EFT Holdings	$420,000	$340,000

4_Income_Taxes_Details

4. Income Taxes (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Deferred tax assets:	'	'
Net operating loss carryforwards	$223,342	$86,790
Less: valuation allowance	-223,342	-86,790
Net deferred tax assets	$0	$0

4_Income_Taxes_Details_Narrati

4. Income Taxes (Details Narrative) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Income Taxes Details Narrative	'	'
Operating loss carry-forwards	$656,887	'
Deferred tax credits	$0	$0