10-K Filing

MITESCO, INC. CIK: 802257 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001185185-19-000470`
Period End Date	20181231
Filing Date	20190401
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	tnty-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 28 Cash Flow Statement 56 Stockholders Equity 32

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Convertible notes payable, discount (in Dollars)	`DebtInstrumentUnamortizedDiscount`	-	USD	Point-in-time
Convertible notes payable, discount (in Dollars)	`DebtInstrumentUnamortizedDiscount`	$86.52K	USD	Point-in-time
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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.30K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	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	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.50K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.80K	USD	Point-in-time
Total current assets	`AssetsCurrent`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total Assets	`Assets`	-	USD	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
Total Assets	`Assets`	$3.80K	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
Common stock, shares issued	`CommonStockSharesIssued`	31.60M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.93M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	31.60M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$794.47K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	18.93M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$766.36K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$117.08K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$147.89K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$13.95K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$91.07K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$50.66K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$60.38K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	-	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$30.00K	USD	Point-in-time
Convertible notes payable, net of discount of $86,520 and $0	`ConvertibleNotesPayableCurrent`	$60.00K	USD	Point-in-time
Convertible notes payable, net of discount of $86,520 and $0	`ConvertibleNotesPayableCurrent`	$247.59K	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 current portion	`NotesPayableRelatedPartiesClassifiedCurrent`	$75.00K	USD	Point-in-time
Note payable, related party current portion	`NotesPayableRelatedPartiesClassifiedCurrent`	$75.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.39M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.53M	USD	Point-in-time
Note payable, related party non-current portion	`ConvertibleLongTermNotesPayable`	$123.00K	USD	Point-in-time
Note payable, related party non-current portion	`ConvertibleLongTermNotesPayable`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.39M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.66M	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, 2018 and 2017	`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, 2018 and 2017	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 31,598,236 and 18,930,874 shares issued and outstanding as of December 31, 2018 and 2017	`CommonStockValue`	$315.98K	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 31,598,236 and 18,930,874 shares issued and outstanding as of December 31, 2018 and 2017	`CommonStockValue`	$189.31K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.68M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.66M	USD	Point-in-time
Stock payable	`StockPayable`	$39.89K	USD	Point-in-time
Stock payable	`StockPayable`	$37.19K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.69M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.28M	USD	Point-in-time
Total (deficiency in) stockholders' equity (deficit)	`StockholdersEquity`	$-1.07M	USD	Point-in-time
Total (deficiency in) stockholders' equity (deficit)	`StockholdersEquity`	$-1.39M	USD	Point-in-time
Total (deficiency in) stockholders' equity (deficit)	`StockholdersEquity`	$-1.65M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.80K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	Annual
Revenue	`Revenues`	-	USD	Annual
General and administrative	`SellingGeneralAndAdministrativeExpense`	$1.32M	USD	Annual
General and administrative	`SellingGeneralAndAdministrativeExpense`	$699.96K	USD	Annual
Total operating expenses	`OperatingExpenses`	$1.32M	USD	Annual
Total operating expenses	`OperatingExpenses`	$699.96K	USD	Annual
Net Operating Loss	`OperatingIncomeLoss`	$-1.32M	USD	Annual
Net Operating Loss	`OperatingIncomeLoss`	$-699.96K	USD	Annual
Interest expense	`InterestExpense`	$54.09K	USD	Annual
Interest expense	`InterestExpense`	$66.63K	USD	Annual
Gain (loss) on conversion of liabilities	`LossOnConversionOfAccountsPayable`	$-32.86K	USD	Annual
Gain (loss) on conversion of liabilities	`LossOnConversionOfAccountsPayable`	-	USD	Annual
Total other expense	`OtherNonoperatingIncomeExpense`	$-99.49K	USD	Annual
Total other expense	`OtherNonoperatingIncomeExpense`	$-54.09K	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-754.04K	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.42M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-1.42M	USD	Annual
Net loss	`NetIncomeLoss`	$-754.04K	USD	Annual
Net loss per share - basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.04	USD	Annual
Net loss per share - basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.06	USD	Annual
Net loss per share - diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.04	USD	Annual
Net loss per share - diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.06	USD	Annual
Weighted average shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	25.10M	shares	Annual
Weighted average shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	17.77M	shares	Annual
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.10M	shares	Annual
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.77M	shares	Annual

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.42M	USD	Annual
Net loss	`NetIncomeLoss`	$-754.04K	USD	Annual
Shares issued for extension of note payable	`OtherNoncashExpense`	-	USD	Annual
Shares issued for extension of note payable	`OtherNoncashExpense`	$10.77K	USD	Annual
Imputed interest	`ImputedInterest`	$4.50K	USD	Annual
Imputed interest	`ImputedInterest`	$9.00K	USD	Annual
Amortization of discount on notes payable	`AmortizationOfDebtDiscountPremium`	-	USD	Annual
Amortization of discount on notes payable	`AmortizationOfDebtDiscountPremium`	$13.45K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$261.53K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$455.54K	USD	Annual
Loss on conversion of payables to stock	`GainsLossesOnRestructuringOfDebt`	$-29.02K	USD	Annual
Loss on conversion of payables to stock	`GainsLossesOnRestructuringOfDebt`	-	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-27.50K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.88K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$452.49K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$286.11K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$63.41K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$125.63K	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$59.20K	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$45.88K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$19.64K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$9.72K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-47.00K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-246.93K	USD	Annual
Proceeds from notes payable, net of payments to vendors	`ProceedsFromPaymentsForOtherFinancingActivities`	$276.00K	USD	Annual
Proceeds from notes payable, net of payments to vendors	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	Annual
Principal payments on notes payable	`RepaymentsOfNotesPayable`	-	USD	Annual
Principal payments on notes payable	`RepaymentsOfNotesPayable`	$27.76K	USD	Annual
Sale of common stock, net of issuance costs	`ProceedsFromIssuanceOrSaleOfEquity`	$47.00K	USD	Annual
Sale of common stock, net of issuance costs	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$47.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$248.24K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.30K	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.30K	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`	-	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.30K	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`	-	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	Annual
Interest paid	`InterestPaid`	$2.24K	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Common stock issued for satisfaction of payables	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	$108.99K	USD	Annual
Common stock issued for satisfaction of payables	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	$424.38K	USD	Annual
Common stock issued for accrued compensation	`StockIssued1`	-	USD	Annual
Common stock issued for accrued compensation	`StockIssued1`	$156.44K	USD	Annual
Note payable issued to related party	`NotesIssued1`	$123.00K	USD	Annual
Note payable issued to related party	`NotesIssued1`	$75.00K	USD	Annual
Debt discounts due to issuance of warrants	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues`	-	USD	Annual
Debt discounts due to issuance of warrants	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues`	$74.09K	USD	Annual
Consulting fees prepaid with note payable	`ConsultingFeesPrepaidWithNotePayableAndStock`	$30.00K	USD	Annual
Consulting fees prepaid with note payable	`ConsultingFeesPrepaidWithNotePayableAndStock`	-	USD	Annual
Par value of shares returned for cancellation	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$21.50K	USD	Annual
Par value of shares returned for cancellation	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	-	USD	Annual

Stockholders Equity 32 line items

Line Item	Tag	Value	Unit	Period
Balance, Value	`StockholdersEquity`	$-1.07M	USD	Point-in-time
Balance, Value	`StockholdersEquity`	$-1.39M	USD	Point-in-time
Balance, Value	`StockholdersEquity`	$-1.65M	USD	Point-in-time
Balance Share (in Shares)	`CommonStockSharesOutstanding`	31.60M	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 services	`StockIssuedDuringPeriodValueIssuedForServices`	$220.00K	USD	Point-in-time
Stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$10.85K	USD	Point-in-time
Stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$48.95K	USD	Point-in-time
Stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$261.53K	USD	Annual
Stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$455.54K	USD	Annual
Stock issued for services (in Shares)	`StockIssuedDuringPeriodSharesIssuedForServices`	2.50M	shares	Point-in-time
Stock issued for services (in Shares)	`StockIssuedDuringPeriodSharesIssuedForServices`	2.11M	shares	Annual
Stock issued for services (in Shares)	`StockIssuedDuringPeriodSharesIssuedForServices`	500,000.00	shares	Point-in-time
Stock issued for services (in Shares)	`StockIssuedDuringPeriodSharesIssuedForServices`	6.15M	shares	Annual
Stock issued for extension of debt	`StockCommittedToBeIssuedForNoteExtension`	$10.77K	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`	$609.84K	USD	Annual
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`	150,000.00	shares	Annual
Imputed interest	`AdjustmentsToAdditionalPaidInCapitalOther`	$4.50K	USD	Annual
Imputed interest	`AdjustmentsToAdditionalPaidInCapitalOther`	$9.00K	USD	Annual
Discount on convertible debt	`DebtInstrumentConvertibleBeneficialConversionFeature`	$74.09K	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`	$-1.42M	USD	Annual
Net loss	`NetIncomeLoss`	$-754.04K	USD	Annual
Balance, Value	`StockholdersEquity`	$-1.07M	USD	Point-in-time
Balance, Value	`StockholdersEquity`	$-1.39M	USD	Point-in-time
Balance, Value	`StockholdersEquity`	$-1.65M	USD	Point-in-time
Balance Share (in Shares)	`CommonStockSharesOutstanding`	31.60M	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.