10-K Filing

MEDIXALL GROUP, INC. CIK: 1601280 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001079973-22-000448`
Period End Date	20211231
Filing Date	20220419
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	mdxl_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 34 Cash Flow Statement 56 Stockholders Equity 15

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$645.76K	USD	Point-in-time
Cash	`Cash`	$63.42K	USD	Point-in-time
Prepaid expenses - related party	`PrepaidExpenseCurrent`	$480.00K	USD	Point-in-time
Prepaid expenses - related party	`PrepaidExpenseCurrent`	$276.04K	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$3.48K	USD	Point-in-time
Common Stock, Par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$8.00K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.13M	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$342.94K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	98.90M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	110.86M	shares	Point-in-time
Furniture and equipment, net	`PropertyPlantAndEquipmentNet`	$23.38K	USD	Point-in-time
Furniture and equipment, net	`PropertyPlantAndEquipmentNet`	$26.54K	USD	Point-in-time
Right-of-use-operating lease asset	`OperatingLeaseRightOfUseAsset`	$313.86K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	110.86M	shares	Point-in-time
Right-of-use-operating lease asset	`OperatingLeaseRightOfUseAsset`	$43.76K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	98.90M	shares	Point-in-time
Website and development costs	`IntangibleAssetsNetExcludingGoodwill`	$439.40K	USD	Point-in-time
Website and development costs	`IntangibleAssetsNetExcludingGoodwill`	$451.40K	USD	Point-in-time
Total assets	`Assets`	$1.64M	USD	Point-in-time
Total assets	`Assets`	$1.13M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$571.40K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$588.87K	USD	Point-in-time
Accounts payable and accrued expenses - related party	`AccountsPayableRelatedPartiesCurrent`	$477.23K	USD	Point-in-time
Accounts payable and accrued expenses - related party	`AccountsPayableRelatedPartiesCurrent`	$567.20K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$47.20K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$69.26K	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$25.37K	USD	Point-in-time
Note payable	`NotesPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.23M	USD	Point-in-time
Operating lease liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$246.37K	USD	Point-in-time
Operating lease liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Note payable, net of current portion	`LongTermNotesPayable`	-	USD	Point-in-time
Note payable, net of current portion	`LongTermNotesPayable`	$140.35K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.47M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.26M	USD	Point-in-time
Contingencies (Notes 2, 3, and 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies (Notes 2, 3, and 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock, $0.001 par value 750,000,000 shares authorized; 110,864,595 and 98,898,130 shares issued and outstanding	`CommonStockValue`	$110.86K	USD	Point-in-time
Common Stock, $0.001 par value 750,000,000 shares authorized; 110,864,595 and 98,898,130 shares issued and outstanding	`CommonStockValue`	$98.90K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$19.86M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$25.33M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.58M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-25.78M	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$-340.12K	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$381.90K	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$397.76K	USD	Point-in-time
Total liabilities and stockholders' (deficit) equity	`LiabilitiesAndStockholdersEquity`	$1.13M	USD	Point-in-time
Total liabilities and stockholders' (deficit) equity	`LiabilitiesAndStockholdersEquity`	$1.64M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Gain from forgiveness of note payable	`GainFromForgivenessOfNotePayable`	-	USD	Annual
Gain from forgiveness of note payable	`GainFromForgivenessOfNotePayable`	$165.72K	USD	Annual
Provider subscriptions	`ProviderSubscriptions`	-	USD	Annual
Provider subscriptions	`ProviderSubscriptions`	$14.99K	USD	Annual
Revenue	`Revenues`	$180.71K	USD	Annual
Revenue	`Revenues`	-	USD	Annual
Professional fees	`ProfessionalFees`	$1.28M	USD	Annual
Professional fees	`ProfessionalFees`	$1.54M	USD	Annual
Professional fees - related party	`ProfessionalFeesRelatedParty`	$496.04K	USD	Annual
Professional fees - related party	`ProfessionalFeesRelatedParty`	$369.95K	USD	Annual
Management fees - related party	`ManagementFeeRelatedParty`	$480.00K	USD	Annual
Management fees - related party	`ManagementFeeRelatedParty`	$840.00K	USD	Annual
Personnel related expenses	`LaborAndRelatedExpense`	$2.53M	USD	Annual
Personnel related expenses	`LaborAndRelatedExpense`	$3.07M	USD	Annual
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$717.37K	USD	Annual
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$389.11K	USD	Annual
(Credit) provision for uncollectible prepaid expense- related party	`ProvisionForDoubtfulAccounts`	$623.58K	USD	Annual
(Credit) provision for uncollectible prepaid expense- related party	`ProvisionForDoubtfulAccounts`	$-16.50K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$6.38M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$5.93M	USD	Annual
Loss before income taxes	`LossBeforeIncomeTaxes`	$-6.20M	USD	Annual
Loss before income taxes	`LossBeforeIncomeTaxes`	$-5.93M	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-5.93M	USD	Annual
Net loss	`NetIncomeLoss`	$-6.20M	USD	Annual
Less preferred stock dividends	`DividendsPreferredStock`	$42.12K	USD	Annual
Less preferred stock dividends	`DividendsPreferredStock`	$249.42K	USD	Annual
Net loss to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-5.97M	USD	Annual
Net loss to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.45M	USD	Annual
Net loss per common share - basic and diluted	`EarningsPerSharesBasicAndDiluted`	-0.07	shares	Annual
Net loss per common share - basic and diluted	`EarningsPerSharesBasicAndDiluted`	-0.06	shares	Annual
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	104.20M	shares	Annual
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	90.63M	shares	Annual

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.93M	USD	Annual
Net loss	`NetIncomeLoss`	$-6.20M	USD	Annual
Depreciation	`Depreciation`	$4.00K	USD	Annual
Depreciation	`Depreciation`	$4.00K	USD	Annual
Common stock issued as compensation for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$1.36M	USD	Annual
Common stock issued as compensation for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$1.66M	USD	Annual
(Credit) provision for uncollectible prepaid expense - related party	`ProvisionForDoubtfulAccounts`	$623.58K	USD	Annual
(Credit) provision for uncollectible prepaid expense - related party	`ProvisionForDoubtfulAccounts`	$-16.50K	USD	Annual
Gain from forgiveness of note payable	`GainFromForgivenessOfNotePayable1`	$165.72K	USD	Annual
Gain from forgiveness of note payable	`GainFromForgivenessOfNotePayable1`	-	USD	Annual
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$-4.52K	USD	Annual
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$8.00K	USD	Annual
Prepaid expenses - related party	`IncreaseDecreaseInPrepaidExpense`	$1.10M	USD	Annual
Prepaid expenses - related party	`IncreaseDecreaseInPrepaidExpense`	$-220.46K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$17.46K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$410.62K	USD	Annual
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$89.97K	USD	Annual
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$215.43K	USD	Annual
Amortization of right-of-use operating lease asset	`AmortizationOfRightofuseOperatingLeaseAsset`	$73.23K	USD	Annual
Amortization of right-of-use operating lease asset	`AmortizationOfRightofuseOperatingLeaseAsset`	$69.64K	USD	Annual
Operating lease liability	`IncreaseDecreaseInOperatingLiabilities`	$-70.44K	USD	Annual
Operating lease liability	`IncreaseDecreaseInOperatingLiabilities`	$-74.90K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.69M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.13M	USD	Annual
Purchase of furniture and equipment	`PaymentsToAcquireFurnitureAndFixtures`	$840.00	USD	Annual
Purchase of furniture and equipment	`PaymentsToAcquireFurnitureAndFixtures`	$8.87K	USD	Annual
Website development costs	`PaymentsToAcquireSoftware`	$12.00K	USD	Annual
Website development costs	`PaymentsToAcquireSoftware`	$82.70K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.84K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-91.57K	USD	Annual
Proceeds from the sale of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$2.61M	USD	Annual
Proceeds from the sale of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$1.85M	USD	Annual
Proceeds from the sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$2.27M	USD	Annual
Proceeds from the sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$1.64M	USD	Annual
Proceeds from long term debt	`ProceedsFromIssuanceOfLongTermDebt`	$165.72K	USD	Annual
Proceeds from long term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.12M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.42M	USD	Annual
Net (decrease) increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$199.54K	USD	Annual
Net (decrease) increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-582.34K	USD	Annual
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$63.42K	USD	Point-in-time
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$645.76K	USD	Point-in-time
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$446.22K	USD	Point-in-time
Cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$63.42K	USD	Point-in-time
Cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$645.76K	USD	Point-in-time
Cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$446.22K	USD	Point-in-time
Interest	`InterestPaidNet`	-	USD	Annual
Interest	`InterestPaidNet`	-	USD	Annual
Income taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Right-of-use asset obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	Annual
Right-of-use asset obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$343.33K	USD	Annual
Common stock issued to related party	`CommonStockIssuedToRelatedParties`	-	USD	Annual
Common stock issued to related party	`CommonStockIssuedToRelatedParties`	$1.00K	USD	Annual
Decrease in note payable resulting from gain on forgiveness of note payable	`DecreaseInNotePayableResultingFromGainOnForgivenessOfNotePayable`	-	USD	Annual
Decrease in note payable resulting from gain on forgiveness of note payable	`DecreaseInNotePayableResultingFromGainOnForgivenessOfNotePayable`	$-165.72K	USD	Annual

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-340.12K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$381.90K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$397.76K	USD	Point-in-time
Proceeds received pursuant to Private Placement Memorandum, net of $0 offering costs	`StockIssuedDuringPeriodValueOther`	$2.61M	USD	Annual
Proceeds received pursuant to Private Placement Memorandum, net of $0 offering costs	`StockIssuedDuringPeriodValueOther`	$1.85M	USD	Annual
Common stock issued to related party	`CommonStockIssuedToRelatedParty`	-	USD	Annual
Proceeds received from sale of Preferred Stock, net of $0 offering costs	`ProceedsReceivedFromSaleOfPreferredStock`	$2.27M	USD	Annual
Proceeds received from sale of Preferred Stock, net of $0 offering costs	`ProceedsReceivedFromSaleOfPreferredStock`	$1.64M	USD	Annual
Net loss	`NetIncomeLoss`	$-5.93M	USD	Annual
Net loss	`NetIncomeLoss`	$-6.20M	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$1.66M	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$1.36M	USD	Annual
Ending balance, value	`StockholdersEquity`	$-340.12K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$381.90K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$397.76K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.