10-K Filing

MEDIXALL GROUP, INC. CIK: 1601280 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001079973-23-001099`
Period End Date	20221231
Filing Date	20230809
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	mdxl_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 42 Cash Flow Statement 64 Stockholders Equity 16

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Net of discount	`DebtInstrumentUnamortizedDiscount`	$166.17K	USD	Point-in-time
Net of discount	`DebtInstrumentUnamortizedDiscount`	$166.17K	USD	Point-in-time
Cash	`Cash`	$3.42K	USD	Point-in-time
Cash	`Cash`	$63.42K	USD	Point-in-time
Prepaid expenses - related party	`PrepaidExpenseCurrent`	$276.04K	USD	Point-in-time
Prepaid expenses - related party	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$8.08K	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$3.48K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.50K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$342.94K	USD	Point-in-time
Common Stock, Par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Furniture and equipment, net	`PropertyPlantAndEquipmentNet`	$23.38K	USD	Point-in-time
Furniture and equipment, net	`PropertyPlantAndEquipmentNet`	$21.75K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Right-of-use-operating lease asset	`OperatingLeaseRightOfUseAsset`	$313.86K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	122.18M	shares	Point-in-time
Right-of-use-operating lease asset	`OperatingLeaseRightOfUseAsset`	$260.18K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	110.86M	shares	Point-in-time
Website and development costs	`IntangibleAssetsNetExcludingGoodwill`	$412.58K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	110.86M	shares	Point-in-time
Website and development costs	`IntangibleAssetsNetExcludingGoodwill`	$451.40K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	122.18M	shares	Point-in-time
Intellectual property	`IntellectualProperty`	-	USD	Point-in-time
Intellectual property	`IntellectualProperty`	$156.00K	USD	Point-in-time
Total assets	`Assets`	$1.13M	USD	Point-in-time
Total assets	`Assets`	$862.01K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$588.87K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.10M	USD	Point-in-time
Accounts payable and accrued expenses - related party	`AccountsPayableRelatedPartiesCurrents`	$610.29K	USD	Point-in-time
Accounts payable and accrued expenses - related party	`AccountsPayableRelatedPartiesCurrents`	$567.20K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$69.26K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$75.69K	USD	Point-in-time
Senior Convertible Debentures, net of discount of 166,167	`ConvertibleDebtCurrent`	-	USD	Point-in-time
Senior Convertible Debentures, net of discount of 166,167	`ConvertibleDebtCurrent`	$2.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.34M	USD	Point-in-time
Operating lease liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$189.46K	USD	Point-in-time
Operating lease liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$246.37K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.47M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.53M	USD	Point-in-time
Contingencies (Notes 3 and 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies (Notes 3 and 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock, $0.001 par value 750,000,000 shares authorized; 122,182,860 and 110,864,595 shares issued and outstanding	`CommonStockValue`	$110.86K	USD	Point-in-time
Common Stock, $0.001 par value 750,000,000 shares authorized; 122,182,860 and 110,864,595 shares issued and outstanding	`CommonStockValue`	$122.18K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$28.82M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$25.33M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-32.61M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-25.78M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$381.90K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-340.12K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-3.67M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.13M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$862.01K	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Basic	`EarningsPerShareBasic`	$-0.06	USD	Annual
Basic	`EarningsPerShareBasic`	$-0.06	USD	Annual
Provider subscriptions	`ProviderSubscriptions`	$14.99K	USD	Annual
Provider subscriptions	`ProviderSubscriptions`	$59.27K	USD	Annual
Diluted	`EarningsPerShareDiluted`	$-0.06	USD	Annual
Diluted	`EarningsPerShareDiluted`	$-0.06	USD	Annual
Gain from forgiveness of note payable	`GainFromForgivenessOfNotePayable`	$165.72K	USD	Annual
Gain from forgiveness of note payable	`GainFromForgivenessOfNotePayable`	-	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	104.20M	shares	Annual
Total Revenue	`Revenues`	$59.27K	USD	Annual
Total Revenue	`Revenues`	$180.71K	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	116.66M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	116.66M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	104.20M	shares	Annual
Professional fees	`ProfessionalFees`	$1.28M	USD	Annual
Professional fees	`ProfessionalFees`	$1.76M	USD	Annual
Professional fees - related party	`ProfessionalFeesRelatedParty`	$496.04K	USD	Annual
Professional fees - related party	`ProfessionalFeesRelatedParty`	$242.60K	USD	Annual
Management fees - related party	`ManagementFeeRelatedParty`	$720.00K	USD	Annual
Management fees - related party	`ManagementFeeRelatedParty`	$840.00K	USD	Annual
Personnel related expenses	`LaborAndRelatedExpense`	$3.20M	USD	Annual
Personnel related expenses	`LaborAndRelatedExpense`	$3.07M	USD	Annual
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$641.93K	USD	Annual
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$717.37K	USD	Annual
Credit for uncollectible prepaid expense - related party	`ProvisionForDoubtfulAccounts`	$-16.50K	USD	Annual
Credit for uncollectible prepaid expense - related party	`ProvisionForDoubtfulAccounts`	$-180.51K	USD	Annual
Interest expense	`InterestExpense`	-	USD	Annual
Interest expense	`InterestExpense`	$271.12K	USD	Annual
Impairment of intellectual property	`ImpairmentOfIntellectualProperty`	-	USD	Annual
Impairment of intellectual property	`ImpairmentOfIntellectualProperty`	$238.32K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$6.89M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$6.38M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.83M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.20M	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-6.20M	USD	Annual
Net loss	`NetIncomeLoss`	$-6.83M	USD	Annual
Less preferred stock dividends	`DividendsPreferredStock`	$249.42K	USD	Annual
Less preferred stock dividends	`DividendsPreferredStock`	$313.40K	USD	Annual
Net loss to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-7.14M	USD	Annual
Net loss to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.45M	USD	Annual

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-6.20M	USD	Annual
Net loss	`NetIncomeLoss`	$-6.83M	USD	Annual
Depreciation	`Depreciation`	$4.00K	USD	Annual
Depreciation	`Depreciation`	$3.00K	USD	Annual
Common stock issued as compensation for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$1.36M	USD	Annual
Common stock issued as compensation for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$1.96M	USD	Annual
Amortization of discount of warrants issued with Convertible Debentures	`AmortizationOfDiscountOfWarrentsIssuedWithConvertibleDebentures`	$114.64K	USD	Annual
Amortization of discount of warrants issued with Convertible Debentures	`AmortizationOfDiscountOfWarrentsIssuedWithConvertibleDebentures`	-	USD	Annual
Amortization of website development costs	`AmortizationOfWebsiteDevelopmentCosts`	$38.82K	USD	Annual
Amortization of website development costs	`AmortizationOfWebsiteDevelopmentCosts`	-	USD	Annual
Amortization of intellectual property	`AmortizationOfIntellectualProperty`	-	USD	Annual
Amortization of intellectual property	`AmortizationOfIntellectualProperty`	$32.72K	USD	Annual
Impairment of intellectual property	`ImpairmentOfIntellectualProperty`	-	USD	Annual
Impairment of intellectual property	`ImpairmentOfIntellectualProperty`	$238.32K	USD	Annual
Gain from forgiveness of note payable	`GainFromForgivenessOfNotePayable`	$165.72K	USD	Annual
Gain from forgiveness of note payable	`GainFromForgivenessOfNotePayable`	-	USD	Annual
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$-2.56K	USD	Annual
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$-4.52K	USD	Annual
Prepaid expenses- related party	`IncreaseDecreaseInPrepaidExpensesRelatedParty`	$203.96K	USD	Annual
Prepaid expenses- related party	`IncreaseDecreaseInPrepaidExpensesRelatedParty`	$276.04K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$17.46K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$552.08K	USD	Annual
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$43.09K	USD	Annual
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$89.97K	USD	Annual
Amortization of right-of-use operating lease asset	`AmortizationOfRightofuseOperatingLeaseAsset`	$53.68K	USD	Annual
Amortization of right-of-use operating lease asset	`AmortizationOfRightofuseOperatingLeaseAsset`	$73.23K	USD	Annual
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-74.90K	USD	Annual
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-50.48K	USD	Annual
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.56M	USD	Annual
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.69M	USD	Annual
Website development costs	`WebsiteAndDevelopmentCosts`	-	USD	Annual
Website development costs	`WebsiteAndDevelopmentCosts`	$12.00K	USD	Annual
Purchase of furniture and equipment	`PaymentsToAcquireFurnitureAndFixtures`	$1.38K	USD	Annual
Purchase of furniture and equipment	`PaymentsToAcquireFurnitureAndFixtures`	$840.00	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.38K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.84K	USD	Annual
Proceeds from the sale of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$780.50K	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`	-	USD	Annual
Proceeds from the sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$2.27M	USD	Annual
Proceeds from issuance of convertible debentures	`ProceedsFromConvertibleDebt`	$2.72M	USD	Annual
Proceeds from issuance of convertible debentures	`ProceedsFromConvertibleDebt`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.50M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.12M	USD	Annual
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-60.00K	USD	Annual
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-582.34K	USD	Annual
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.42K	USD	Point-in-time
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$645.76K	USD	Point-in-time
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$63.42K	USD	Point-in-time
Cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.42K	USD	Point-in-time
Cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$645.76K	USD	Point-in-time
Cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$63.42K	USD	Point-in-time
Issuance of Common Stock in exchange for the Right-to-Use Intellectual Property	`IssuanceOfCommonStockInExchangeForRighttouseIntellectualProperty`	$475.00K	USD	Annual
Issuance of Common Stock in exchange for the Right-to-Use Intellectual Property	`IssuanceOfCommonStockInExchangeForRighttouseIntellectualProperty`	-	USD	Annual
Cash paid during the year for interest	`CashPaidDuringYearForInterest`	-	USD	Annual
Cash paid during the year for interest	`CashPaidDuringYearForInterest`	-	USD	Annual
Asset acquired and liabilities assumed in connection with asset acquisition, net	`AssetAcquiredAndLiabilitiesAssumedInConnectionWithAssetAcquisitionNet`	-	USD	Annual
Asset acquired and liabilities assumed in connection with asset acquisition, net	`AssetAcquiredAndLiabilitiesAssumedInConnectionWithAssetAcquisitionNet`	$47.97K	USD	Annual
Discount issued with Convertible Debentures	`DiscountIssuedWithConvertibleDebentures`	-	USD	Annual
Discount issued with Convertible Debentures	`DiscountIssuedWithConvertibleDebentures`	$280.81K	USD	Annual
Decrease in note payable resulting from gain on forgiveness of note payable	`DecreaseInNotePayableResultingFromGainOnForgivenessOfNotePayable`	$-165.72K	USD	Annual
Decrease in note payable resulting from gain on forgiveness of note payable	`DecreaseInNotePayableResultingFromGainOnForgivenessOfNotePayable`	-	USD	Annual
Right-of-use lease assets obtained in exchange for operating lease liabilities	`RightofuseLeaseAssetsObtainedInExchangeForOperatingLeaseLiabilities`	$343.33K	USD	Annual
Right-of-use lease assets obtained in exchange for operating lease liabilities	`RightofuseLeaseAssetsObtainedInExchangeForOperatingLeaseLiabilities`	-	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$381.90K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-340.12K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-3.67M	USD	Point-in-time
Proceeds received pursuant to Private Placement Memorandum, net of $0 offering costs	`StockIssuedDuringPeriodValueOther`	$1.85M	USD	Annual
Proceeds received pursuant to Private Placement Memorandum, net of $0 offering costs	`StockIssuedDuringPeriodValueOther`	$780.50K	USD	Annual
Proceeds received from sale of Preferred Stock, net of $0 offering costs	`ProceedsReceivedFromSaleOfPreferredStockNetOfOfferingCosts`	$2.27M	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$1.36M	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$1.96M	USD	Annual
Common stock issued in exchange for right-to-use intelectual property	`CommonStockIssuedInExchangeForRighttouseIntellectualProperty`	$475.00K	USD	Annual
Fair value of Warrents issued with Convertible Debentures	`FairValueOfWarrantsIssuedWithConvertibleDebentures`	$280.81K	USD	Annual
Retirement of common stock	`RetirementOfCommonStock`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-6.20M	USD	Annual
Net loss	`NetIncomeLoss`	$-6.83M	USD	Annual
Ending balance, value	`StockholdersEquity`	$381.90K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-340.12K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-3.67M	USD	Point-in-time

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