10-K Filing

MITESCO, INC. CIK: 802257 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001185185-18-000718`
Period End Date	20171231
Filing Date	20180417
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	tnty-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 29 Cash Flow Statement 59 Stockholders Equity 38

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.18K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.88K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.88K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	-	USD	Point-in-time
Total Assets	`Assets`	$1.88K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Total Assets	`Assets`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.93M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	17.44M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	17.44M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	18.93M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$766.36K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$589.23K	USD	Point-in-time
Accrued liabilities related party	`AccruedLiabilitiesCurrent`	$147.89K	USD	Point-in-time
Accrued liabilities related party	`AccruedLiabilitiesCurrent`	$84.49K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$91.07K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$106.87K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$50.66K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$31.02K	USD	Point-in-time
Convertible note payable	`NotesPayableCurrent`	-	USD	Point-in-time
Convertible note payable	`NotesPayableCurrent`	$60.00K	USD	Point-in-time
Convertible note payable, in default	`ConvertibleNotesPayableCurrent`	$256.27K	USD	Point-in-time
Convertible note payable, in default	`ConvertibleNotesPayableCurrent`	$196.27K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$75.00K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.07M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.39M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued or outstanding as of December 31, 2017 and 2016	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued or outstanding as of December 31, 2017 and 2016	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 18,930,874 and 17,436,666 shares issued and outstanding as of December 31, 2017 and 2016	`CommonStockValue`	$174.37K	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 18,930,874 and 17,436,666 shares issued and outstanding as of December 31, 2017 and 2016	`CommonStockValue`	$189.31K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.66M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.26M	USD	Point-in-time
Stock payable	`StockPayable`	$20.00K	USD	Point-in-time
Stock payable	`StockPayable`	$39.89K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.28M	USD	Point-in-time
Total (deficiency in) stockholders equity	`StockholdersEquity`	$-1.39M	USD	Point-in-time
Total (deficiency in) stockholders equity	`StockholdersEquity`	$-1.07M	USD	Point-in-time
Total (deficiency in) stockholders equity	`StockholdersEquity`	$-519.69K	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.88K	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	Annual
Revenue	`Revenues`	-	USD	Annual
General and administrative	`SellingGeneralAndAdministrativeExpense`	$699.96K	USD	Annual
General and administrative	`SellingGeneralAndAdministrativeExpense`	$4.41M	USD	Annual
Total operating expenses	`OperatingExpenses`	$4.41M	USD	Annual
Total operating expenses	`OperatingExpenses`	$699.96K	USD	Annual
Net Operating Loss	`OperatingIncomeLoss`	$-699.96K	USD	Annual
Net Operating Loss	`OperatingIncomeLoss`	$-4.41M	USD	Annual
Interest expense	`InterestExpense`	$269.37K	USD	Annual
Interest expense	`InterestExpense`	$54.09K	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-206.33K	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-16.33K	USD	Point-in-time
Total other expense	`OtherNonoperatingIncomeExpense`	$-475.70K	USD	Annual
Total other expense	`OtherNonoperatingIncomeExpense`	$-54.09K	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.88M	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-754.04K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-754.04K	USD	Annual
Net loss	`NetIncomeLoss`	$-4.88M	USD	Annual
Net loss per share - basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.35	USD	Annual
Net loss per share - basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.04	USD	Annual
Net loss per share - diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.35	USD	Annual
Net loss per share - diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.04	USD	Annual
Weighted average shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	17.77M	shares	Annual
Weighted average shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.76M	shares	Annual
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.76M	shares	Annual
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.77M	shares	Annual

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-754.04K	USD	Annual
Net loss	`NetIncomeLoss`	$-4.88M	USD	Annual
Gain on conversion of accrued interest	`GainsLossesOnRestructuringOfDebt`	-	USD	Annual
Gain on conversion of accrued interest	`GainsLossesOnRestructuringOfDebt`	$-4.50K	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-206.33K	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-16.33K	USD	Point-in-time
Debt discount amortization	`AmortizationOfDebtDiscountPremium`	-	USD	Annual
Debt discount amortization	`AmortizationOfDebtDiscountPremium`	$249.59K	USD	Annual
Shares issued for extension of note payable	`OtherNoncashExpense`	-	USD	Annual
Shares issued for extension of note payable	`OtherNoncashExpense`	$10.77K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$261.53K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$3.38M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.88K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-15.12K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$564.77K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$286.11K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$63.41K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$74.03K	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$59.20K	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$-290.00K	USD	Point-in-time
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$106.87K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$19.64K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$16.91K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-47.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-269.51K	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Proceeds from issuance of convertible note payable	`ProceedsFromConvertibleDebt`	-	USD	Annual
Proceeds from issuance of convertible note payable	`ProceedsFromConvertibleDebt`	$258.00K	USD	Annual
Sale of common stock, net of issuance costs	`ProceedsFromIssuanceOrSaleOfEquity`	$47.00K	USD	Annual
Sale of common stock, net of issuance costs	`ProceedsFromIssuanceOrSaleOfEquity`	$51.00K	USD	Annual
Repayment of promissory notes	`RepaymentsOfNotesPayable`	-	USD	Annual
Repayment of promissory notes	`RepaymentsOfNotesPayable`	$67.68K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$241.32K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$47.00K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-28.18K	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.18K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$28.18K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Beneficial Conversion Feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	-	USD	Annual
Beneficial Conversion Feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$67.06K	USD	Annual
Conversion of debt to common stock	`DebtConversionOriginalDebtAmount1`	-	USD	Annual
Conversion of debt to common stock	`DebtConversionOriginalDebtAmount1`	$103.67K	USD	Annual
Conversion of debt to common stock	`DebtConversionOriginalDebtAmount1`	$100.00K	USD	Point-in-time
Discount related to issuance of debentures, warrants and convertible notes	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	-	USD	Annual
Discount related to issuance of debentures, warrants and convertible notes	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	$138.75K	USD	Annual
Par value of shares returned for cancellation	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$21.50K	USD	Annual
Par value of shares returned for cancellation	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	-	USD	Annual
Note payable issued to related party for accounts payable to related party	`NotesIssued1`	-	USD	Annual
Note payable issued to related party for accounts payable to related party	`NotesIssued1`	$75.00K	USD	Annual

Stockholders Equity 38 line items

Line Item	Tag	Value	Unit	Period
Balance, Value	`StockholdersEquity`	$-1.39M	USD	Point-in-time
Balance, Value	`StockholdersEquity`	$-1.07M	USD	Point-in-time
Balance, Value	`StockholdersEquity`	$-519.69K	USD	Point-in-time
Balance Share (in Shares)	`CommonStockSharesOutstanding`	17.44M	shares	Point-in-time
Balance Share (in Shares)	`CommonStockSharesOutstanding`	18.93M	shares	Point-in-time
Stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$47.00K	USD	Annual
Stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$51.00K	USD	Annual
Stock issued for cash (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	50,000.00	shares	Annual
Stock issued for cash (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	120,000.00	shares	Annual
Stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$145.00K	USD	Point-in-time
Stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$261.53K	USD	Annual
Stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$3.38M	USD	Annual
Stock issued for services (in Shares)	`StockIssuedDuringPeriodSharesIssuedForServices`	100,000.00	shares	Point-in-time
Stock issued for services (in Shares)	`StockIssuedDuringPeriodSharesIssuedForServices`	4.07M	shares	Annual
Stock issued for services (in Shares)	`StockIssuedDuringPeriodSharesIssuedForServices`	100,000.00	shares	Point-in-time
Stock issued for extension of debt	`StockCommittedToBeIssuedForNoteExtension`	$10.77K	USD	Annual
Beneficial conversion features	`DebtInstrumentConvertibleBeneficialConversionFeature`	-	USD	Annual
Beneficial conversion features	`DebtInstrumentConvertibleBeneficialConversionFeature`	$67.06K	USD	Annual
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.38M	USD	Annual
Common stock and warrants issued and payable for debt discount	`StockIssuedDuringPeriodValueOther`	$290.00K	USD	Point-in-time
Common stock and warrants issued and payable for debt discount	`StockIssuedDuringPeriodValueOther`	$138.75K	USD	Annual
Common stock and warrants issued and payable for debt discount	`StockIssuedDuringPeriodValueOther`	$10.77K	USD	Annual
Common stock and warrants issued and payable for debt discount (in Shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	25,000.00	shares	Point-in-time
Common stock issued for conversion of accounts payable or accrued interest	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$580.00K	USD	Annual
Common stock issued for conversion of accounts payable or accrued interest	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$108.99K	USD	Annual
Common stock issued for conversion of accounts payable or accrued interest	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$3.75K	USD	Point-in-time
Common stock issued for conversion of accounts payable or accrued interest (in Shares)	`StockIssuedDuringPeriodSharesOther`	65,000.00	shares	Annual
Common stock issued for conversion of accounts payable or accrued interest (in Shares)	`StockIssuedDuringPeriodSharesOther`	966,666.00	shares	Point-in-time
Imputed interest	`AdjustmentsToAdditionalPaidInCapitalOther`	$4.50K	USD	Annual
Stock returned for cancellation by prior officer	`StockRepurchasedAndRetiredDuringPeriodValue`	-	USD	Annual
Stock returned for cancellation by prior officer (in Shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	2.15M	shares	Point-in-time
Net loss	`NetIncomeLoss`	$-754.04K	USD	Annual
Net loss	`NetIncomeLoss`	$-4.88M	USD	Annual
Balance, Value	`StockholdersEquity`	$-1.39M	USD	Point-in-time
Balance, Value	`StockholdersEquity`	$-1.07M	USD	Point-in-time
Balance, Value	`StockholdersEquity`	$-519.69K	USD	Point-in-time
Balance Share (in Shares)	`CommonStockSharesOutstanding`	17.44M	shares	Point-in-time
Balance Share (in Shares)	`CommonStockSharesOutstanding`	18.93M	shares	Point-in-time

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