10-Q Filing

MITESCO, INC. CIK: 802257 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001185185-18-001470`
Period End Date	20180630
Filing Date	20180814
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	tnty-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 56 Cash Flow Statement 50

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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.11K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	-	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.11K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total Assets	`Assets`	$1.11K	USD	Point-in-time
Total Assets	`Assets`	-	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
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$766.36K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$779.76K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.21M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.93M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	18.93M	shares	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$104.56K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$147.89K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.21M	shares	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$91.07K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$8.50K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$50.66K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$60.49K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	-	USD	Point-in-time
Convertible note payable	`NotesPayableCurrent`	$60.00K	USD	Point-in-time
Convertible note payable	`NotesPayableCurrent`	$60.00K	USD	Point-in-time
Convertible note payable, in default	`ConvertibleNotesPayableCurrent`	$196.27K	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`	$75.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.39M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.29M	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 June 30, 2018 and December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued or outstanding as of June 30, 2018 and December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 24,210,997 and 18,930,874 shares issued and outstanding as of June 30, 2018 and December 31, 2017	`CommonStockValue`	$242.11K	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 24,210,997 and 18,930,874 shares issued and outstanding as of June 30, 2018 and December 31, 2017	`CommonStockValue`	$189.31K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.66M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.07M	USD	Point-in-time
Stock payable	`StockPayable`	$39.89K	USD	Point-in-time
Stock payable	`StockPayable`	$62.79K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.28M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.66M	USD	Point-in-time
Total (deficiency in) stockholders' equity	`StockholdersEquity`	$-1.39M	USD	Point-in-time
Total (deficiency in) stockholders' equity	`StockholdersEquity`	$-1.28M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.11K	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$329.31K	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$442.50K	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$214.13K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$276.03K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$442.50K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$329.31K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$276.03K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$214.13K	USD	1 Quarter
Net Operating Loss	`OperatingIncomeLoss`	$-214.13K	USD	1 Quarter
Net Operating Loss	`OperatingIncomeLoss`	$-442.50K	USD	2 Qtrs
Net Operating Loss	`OperatingIncomeLoss`	$-329.31K	USD	2 Qtrs
Net Operating Loss	`OperatingIncomeLoss`	$-276.03K	USD	1 Quarter
Interest expense	`InterestExpense`	$4.91K	USD	1 Quarter
Interest expense	`InterestExpense`	$9.82K	USD	2 Qtrs
Interest expense	`InterestExpense`	$16.67K	USD	2 Qtrs
Interest expense	`InterestExpense`	$9.51K	USD	1 Quarter
Loss on conversion of accounts payable	`LossOnConversionOfAccountsPayable`	-	USD	2 Qtrs
Loss on conversion of accounts payable	`LossOnConversionOfAccountsPayable`	$-36.10K	USD	2 Qtrs
Loss on conversion of accounts payable	`LossOnConversionOfAccountsPayable`	$-36.10K	USD	1 Quarter
Loss on conversion of accounts payable	`LossOnConversionOfAccountsPayable`	-	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-4.91K	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-52.77K	USD	2 Qtrs
Total other expense	`OtherNonoperatingIncomeExpense`	$-45.60K	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-9.82K	USD	2 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-219.04K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-321.63K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-452.32K	USD	2 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-382.07K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-452.32K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-321.63K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-382.07K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-219.04K	USD	1 Quarter
Net loss per share - basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.03	USD	2 Qtrs
Net loss per share - basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Net loss per share - basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.02	USD	2 Qtrs
Net loss per share - basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Net loss per share - diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Net loss per share - diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.03	USD	2 Qtrs
Net loss per share - diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.02	USD	2 Qtrs
Net loss per share - diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Weighted average shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	21.70M	shares	1 Quarter
Weighted average shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.22M	shares	2 Qtrs
Weighted average shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	21.40M	shares	2 Qtrs
Weighted average shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.48M	shares	1 Quarter
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.48M	shares	1 Quarter
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.70M	shares	1 Quarter
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.40M	shares	2 Qtrs
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.22M	shares	2 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-452.32K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-321.63K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-382.07K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-219.04K	USD	1 Quarter
Gain on conversion of accrued interest	`GainsLossesOnRestructuringOfDebt`	-	USD	2 Qtrs
Gain on conversion of accrued interest	`GainsLossesOnRestructuringOfDebt`	$-4.50K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$47.62K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$185.53K	USD	2 Qtrs
Loss on conversion of accrued expenses	`LossOnConversionOfAccountsPayable`	-	USD	2 Qtrs
Loss on conversion of accrued expenses	`LossOnConversionOfAccountsPayable`	$-36.10K	USD	2 Qtrs
Loss on conversion of accrued expenses	`LossOnConversionOfAccountsPayable`	$-36.10K	USD	1 Quarter
Loss on conversion of accrued expenses	`LossOnConversionOfAccountsPayable`	-	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$7.12K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$196.22K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$214.60K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$13.41K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$50.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.00K	USD	2 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$7.52K	USD	2 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$-24.56K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$9.82K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$9.82K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-46.95K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-42.99K	USD	2 Qtrs
Advances from related parties	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Advances from related parties	`ProceedsFromRelatedPartyDebt`	$44.10K	USD	2 Qtrs
Sale of common stock, net of issuance costs	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	2 Qtrs
Sale of common stock, net of issuance costs	`ProceedsFromIssuanceOrSaleOfEquity`	$47.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$44.10K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$47.00K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.11K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$55.00	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.11K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$55.00	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`	$1.11K	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`	$55.00	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Conversion of debt to common stock	`DebtConversionOriginalDebtAmount1`	$32.00K	USD	2 Qtrs
Conversion of debt to common stock	`DebtConversionOriginalDebtAmount1`	$60.00K	USD	Point-in-time
Conversion of debt to common stock	`DebtConversionOriginalDebtAmount1`	$396.63K	USD	2 Qtrs
Conversion of debt to common stock	`DebtConversionOriginalDebtAmount1`	$12.00K	USD	Point-in-time

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