10-Q Filing

MITESCO, INC. CIK: 802257 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001185185-18-002026`
Period End Date	20180930
Filing Date	20181114
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	tnty-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 49 Cash Flow Statement 72

Balance Sheet 65 line items

Line Item	Tag	Value	Unit	Period
Convertible notes payable, discount (in Dollars)	`DebtInstrumentUnamortizedDiscountCurrent`	$7.47K	USD	Point-in-time
Convertible notes payable, discount (in Dollars)	`DebtInstrumentUnamortizedDiscountCurrent`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.11K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	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
Prepaid expenses	`PrepaidExpenseCurrent`	$19.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$28.11K	USD	Point-in-time
Total current assets	`AssetsCurrent`	-	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesOutstanding`	0.00	shares	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`	-	USD	Point-in-time
Total Assets	`Assets`	$28.11K	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`	$848.85K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	29.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$766.36K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.93M	shares	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$147.89K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	29.00M	shares	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$92.35K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	18.93M	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`	$67.89K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	-	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.00K	USD	Point-in-time
Note payable	`NotesPayableCurrent`	-	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$30.00K	USD	Point-in-time
Convertible notes payable, net of discount of $7,471 and $0	`ConvertibleNotesPayableCurrent`	$60.00K	USD	Point-in-time
Convertible notes payable, net of discount of $7,471 and $0	`ConvertibleNotesPayableCurrent`	$161.53K	USD	Point-in-time
Convertible note payable, in default	`DebtDefaultShorttermDebtAmount`	$196.27K	USD	Point-in-time
Convertible note payable, in default	`DebtDefaultShorttermDebtAmount`	$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`	$1.48M	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 September 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 September 30, 2018 and December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 28,997,996 and 18,930,874 shares issued and outstanding as of September 30, 2018 and December 31, 2017	`CommonStockValue`	$189.31K	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 28,997,996 and 18,930,874 shares issued and outstanding as of September 30, 2018 and December 31, 2017	`CommonStockValue`	$289.98K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.45M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.66M	USD	Point-in-time
Stock payable	`StockPayable`	$50.04K	USD	Point-in-time
Stock payable	`StockPayable`	$39.89K	USD	Point-in-time
Stock payable	`StockPayable`	$76.99K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.24M	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`	$-1.45M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$28.11K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time

Income Statement 49 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	3 Qtrs
Revenue	`Revenues`	-	USD	3 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$564.09K	USD	3 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$894.56K	USD	3 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$565.26K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$121.59K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$565.26K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$564.09K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$121.59K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$894.56K	USD	3 Qtrs
Net Operating Loss	`OperatingIncomeLoss`	$-894.56K	USD	3 Qtrs
Net Operating Loss	`OperatingIncomeLoss`	$-564.09K	USD	3 Qtrs
Net Operating Loss	`OperatingIncomeLoss`	$-565.26K	USD	1 Quarter
Net Operating Loss	`OperatingIncomeLoss`	$-121.59K	USD	1 Quarter
Interest expense	`InterestExpense`	$10.43K	USD	1 Quarter
Interest expense	`InterestExpense`	$22.74K	USD	1 Quarter
Interest expense	`InterestExpense`	$20.26K	USD	3 Qtrs
Interest expense	`InterestExpense`	$39.41K	USD	3 Qtrs
Gain (loss) on conversion of accounts payable	`LossOnConversionOfAccountsPayable`	$-32.86K	USD	2 Qtrs
Gain (loss) on conversion of accounts payable	`LossOnConversionOfAccountsPayable`	$-32.86K	USD	3 Qtrs
Gain (loss) on conversion of accounts payable	`LossOnConversionOfAccountsPayable`	$4.11K	USD	3 Qtrs
Gain (loss) on conversion of accounts payable	`LossOnConversionOfAccountsPayable`	$3.24K	USD	1 Quarter
Gain (loss) on conversion of accounts payable	`LossOnConversionOfAccountsPayable`	$4.11K	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-6.32K	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-16.15K	USD	3 Qtrs
Total other expense	`OtherNonoperatingIncomeExpense`	$-72.27K	USD	3 Qtrs
Total other expense	`OtherNonoperatingIncomeExpense`	$-19.50K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-127.91K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-584.76K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-966.83K	USD	3 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-580.23K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-127.91K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-580.23K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-584.76K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-966.83K	USD	3 Qtrs
Net loss per share basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	3 Qtrs
Net loss per share basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	3 Qtrs
Net loss per share basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per share basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted average shares outstanding basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.03M	shares	3 Qtrs
Weighted average shares outstanding basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	23.23M	shares	3 Qtrs
Weighted average shares outstanding basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.64M	shares	1 Quarter
Weighted average shares outstanding basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.09M	shares	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-127.91K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-580.23K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-584.76K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-966.83K	USD	3 Qtrs
Stock issued for extension of note payable	`OtherNoncashExpense`	-	USD	3 Qtrs
Stock issued for extension of note payable	`OtherNoncashExpense`	$5.52K	USD	3 Qtrs
Amortization of discount on notes payable	`AmortizationOfDebtDiscountPremium`	-	USD	3 Qtrs
Amortization of discount on notes payable	`AmortizationOfDebtDiscountPremium`	$1.53K	USD	3 Qtrs
Imputed interest	`ImputedInterest`	$6.75K	USD	3 Qtrs
Imputed interest	`ImputedInterest`	-	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$359.28K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$235.03K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$15.60K	USD	Point-in-time
(Gain) loss on conversion of accrued expenses	`LossOnConversionOfAccountsPayable`	$-32.86K	USD	2 Qtrs
(Gain) loss on conversion of accrued expenses	`LossOnConversionOfAccountsPayable`	$-32.86K	USD	3 Qtrs
(Gain) loss on conversion of accrued expenses	`LossOnConversionOfAccountsPayable`	$4.11K	USD	3 Qtrs
(Gain) loss on conversion of accrued expenses	`LossOnConversionOfAccountsPayable`	$3.24K	USD	1 Quarter
(Gain) loss on conversion of accrued expenses	`LossOnConversionOfAccountsPayable`	$4.11K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.88K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-11.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$218.39K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$361.92K	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$38.41K	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$67.35K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.00K	USD	3 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$23.44K	USD	3 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$-24.56K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$17.22K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$14.73K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-46.95K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-132.48K	USD	3 Qtrs
Advances from related parties	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Advances from related parties	`ProceedsFromRelatedPartyDebt`	$66.59K	USD	3 Qtrs
Proceeds from notes payable, net of payments to vendors	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	3 Qtrs
Proceeds from notes payable, net of payments to vendors	`ProceedsFromPaymentsForOtherFinancingActivities`	$75.00K	USD	3 Qtrs
Sale of common stock, net of issuance costs	`ProceedsFromIssuanceOrSaleOfEquity`	$47.00K	USD	3 Qtrs
Sale of common stock, net of issuance costs	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$47.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$141.59K	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$55.00	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.11K	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.11K	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 beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.11K	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
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	3 Qtrs
Interest paid	`InterestPaid`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Common stock issued for satisfaction of payables	`DebtConversionOriginalDebtAmount1`	$76.99K	USD	Point-in-time
Common stock issued for satisfaction of payables	`DebtConversionOriginalDebtAmount1`	$39.86K	USD	3 Qtrs
Common stock issued for satisfaction of payables	`DebtConversionOriginalDebtAmount1`	$501.91K	USD	3 Qtrs
Common stock issued for satisfaction of payables	`DebtConversionOriginalDebtAmount1`	$12.00K	USD	Point-in-time
Common stock issued for satisfaction of payables	`DebtConversionOriginalDebtAmount1`	$60.00K	USD	Point-in-time
Consulting fees prepaid with note payable and stock	`ConsultingFeesPrepaidWithNotePayableAndStock`	-	USD	3 Qtrs
Consulting fees prepaid with note payable and stock	`ConsultingFeesPrepaidWithNotePayableAndStock`	$30.00K	USD	3 Qtrs
Stock committed to be issued for conversion of accounts payable	`StockToBeIssuedForDebt`	$3.57K	USD	Point-in-time
Stock committed to be issued for conversion of accounts payable	`StockToBeIssuedForDebt`	-	USD	3 Qtrs
Stock committed to be issued for conversion of accounts payable	`StockToBeIssuedForDebt`	$76.99K	USD	3 Qtrs
Par value of shares returned for cancellation	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$21.50K	USD	3 Qtrs
Par value of shares returned for cancellation	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	-	USD	3 Qtrs
Stock issued for cash received in prior period	`StockIssued1`	$500.00	USD	3 Qtrs
Stock issued for cash received in prior period	`StockIssued1`	-	USD	3 Qtrs
Note payable issued to related party for accounts payable to related party	`NotesIssued1`	$75.00K	USD	3 Qtrs
Note payable issued to related party for accounts payable to related party	`NotesIssued1`	-	USD	3 Qtrs
Convertible debt issued for settlement of accounts payable	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	$25.00K	USD	3 Qtrs
Convertible debt issued for settlement of accounts payable	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	-	USD	3 Qtrs

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