10-Q Filing

MITESCO, INC. CIK: 802257 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001185185-19-000767`
Period End Date	20190331
Filing Date	20190520
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	tnty-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 28 Cash Flow Statement 52 Stockholders Equity 26

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Convertible notes payable, discount (in Dollars)	`DebtInstrumentUnamortizedDiscount`	$67.63K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.14K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.30K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	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
Prepaid expenses	`PrepaidExpenseCurrent`	$2.50K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	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 current assets	`AssetsCurrent`	$9.14K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.80K	USD	Point-in-time
Total Assets	`Assets`	$3.80K	USD	Point-in-time
Total Assets	`Assets`	$9.14K	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
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`	33.32M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	33.32M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$794.47K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$800.61K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	31.60M	shares	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$117.08K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$131.29K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$13.95K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$61.04K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$60.38K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$72.37K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$30.00K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$30.00K	USD	Point-in-time
Convertible notes payable, net of discount of $67,631 and $86,520	`ConvertibleNotesPayableCurrent`	$328.26K	USD	Point-in-time
Convertible notes payable, net of discount of $67,631 and $86,520	`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`	$198.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.53M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.82M	USD	Point-in-time
Notes payable, related party - non current portion	`ConvertibleLongTermNotesPayable`	-	USD	Point-in-time
Notes payable, related party - non current portion	`ConvertibleLongTermNotesPayable`	$123.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.82M	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, 100,000,000 shares authorized, no shares issued or outstanding as of March 31, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 100,000,000 shares authorized, no shares issued or outstanding as of March 31, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 33,316,861 and 31,598,236 shares issued and outstanding as of March 31, 2019 and December 31, 2018	`CommonStockValue`	$315.98K	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 33,316,861 and 31,598,236 shares issued and outstanding as of March 31, 2019 and December 31, 2018	`CommonStockValue`	$333.17K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.68M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.99M	USD	Point-in-time
Stock payable	`StockPayable`	$37.19K	USD	Point-in-time
Stock payable	`StockPayable`	$37.19K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.17M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.69M	USD	Point-in-time
Total (deficiency in) stockholders' equity	`StockholdersEquity`	$-1.65M	USD	Point-in-time
Total (deficiency in) stockholders' equity	`StockholdersEquity`	$-1.25M	USD	Point-in-time
Total (deficiency in) stockholders' equity	`StockholdersEquity`	$-1.81M	USD	Point-in-time
Total (deficiency in) stockholders' equity	`StockholdersEquity`	$-1.39M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$9.14K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.80K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$53.28K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$221.25K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$221.25K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$53.28K	USD	1 Quarter
Net Operating Loss	`OperatingIncomeLoss`	$-53.28K	USD	1 Quarter
Net Operating Loss	`OperatingIncomeLoss`	$-221.25K	USD	1 Quarter
Interest expense	`InterestExpense`	$160.40K	USD	1 Quarter
Interest expense	`InterestExpense`	$7.16K	USD	1 Quarter
Gain (loss) on conversion of notes	`LossOnConversionOfAccountsPayable`	$-99.72K	USD	1 Quarter
Gain (loss) on conversion of notes	`LossOnConversionOfAccountsPayable`	-	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-260.12K	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-7.16K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-60.44K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-481.37K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-481.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-60.44K	USD	1 Quarter
Net loss per share - basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
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`	$-0.02	USD	1 Quarter
Net loss per share - diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted average shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	31.71M	shares	1 Quarter
Weighted average shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.22M	shares	1 Quarter
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.22M	shares	1 Quarter
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.71M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-481.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-60.44K	USD	1 Quarter
Loss on conversion of payables to stock	`GainsLossesOnRestructuringOfDebt`	-	USD	1 Quarter
Loss on conversion of payables to stock	`GainsLossesOnRestructuringOfDebt`	$-99.72K	USD	1 Quarter
Imputed interest	`ImputedInterest`	$2.25K	USD	1 Quarter
Imputed interest	`ImputedInterest`	$2.25K	USD	1 Quarter
Amortization of discount on notes payable	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortization of discount on notes payable	`AmortizationOfDebtDiscountPremium`	$121.43K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$20.36K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.50K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.14K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$52.84K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$25.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$14.20K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$47.09K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$-24.56K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$16.25K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$4.91K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-151.43K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	1 Quarter
Proceeds from notes payable, net of payments to vendors	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Proceeds from notes payable, net of payments to vendors	`ProceedsFromPaymentsForOtherFinancingActivities`	$169.50K	USD	1 Quarter
Principal payments on notes payable	`RepaymentsOfNotesPayable`	$10.24K	USD	1 Quarter
Principal payments on notes payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$159.26K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.84K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.14K	USD	Point-in-time
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 end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.14K	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
Interest paid	`InterestPaid`	$2.24K	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Common stock issued for satisfaction of payables	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	$198.13K	USD	1 Quarter
Common stock issued for satisfaction of payables	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	-	USD	1 Quarter
Par value of shares returned for cancellation	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$4.00K	USD	1 Quarter
Par value of shares returned for cancellation	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	-	USD	1 Quarter
Shares issued for debt conversion	`StockIssued1`	-	USD	1 Quarter
Shares issued for debt conversion	`StockIssued1`	$90.20K	USD	1 Quarter
Discount due to warrants	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues`	-	USD	1 Quarter
Discount due to warrants	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues`	$34.50K	USD	1 Quarter
Beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	-	USD	1 Quarter
Beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$79.53K	USD	1 Quarter

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Balance,	`StockholdersEquity`	$-1.65M	USD	Point-in-time
Balance,	`StockholdersEquity`	$-1.25M	USD	Point-in-time
Balance,	`StockholdersEquity`	$-1.81M	USD	Point-in-time
Balance,	`StockholdersEquity`	$-1.39M	USD	Point-in-time
Balance, (in Shares)	`CommonStockSharesOutstanding`	33.32M	shares	Point-in-time
Balance, (in Shares)	`CommonStockSharesOutstanding`	31.60M	shares	Point-in-time
Stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$3.19K	USD	1 Quarter
Stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$20.36K	USD	1 Quarter
Stock issued for services (in Shares)	`StockIssuedDuringPeriodSharesIssuedForServices`	30,628.00	shares	1 Quarter
Stock issued for accrued compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$140.13K	USD	1 Quarter
Stock issued for accrued compensation (in Shares)	`StockIssuedDuringPeriodSharesShareBasedCompensation`	1.35M	shares	1 Quarter
Stock issue for conversion	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$189.98K	USD	1 Quarter
Stock issue for conversion	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$54.81K	USD	1 Quarter
Discount on notes payable due to conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	-	USD	1 Quarter
Discount on notes payable due to conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$79.53K	USD	1 Quarter
Discount on notes payable due to warrants	`AdjustmentsToAdditionalPaidInCapitalOther`	$34.50K	USD	1 Quarter
Imputed interest	`ImputedInterest`	$2.25K	USD	1 Quarter
Imputed interest	`ImputedInterest`	$2.25K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-481.37K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-60.44K	USD	1 Quarter
Balance,	`StockholdersEquity`	$-1.65M	USD	Point-in-time
Balance,	`StockholdersEquity`	$-1.25M	USD	Point-in-time
Balance,	`StockholdersEquity`	$-1.81M	USD	Point-in-time
Balance,	`StockholdersEquity`	$-1.39M	USD	Point-in-time
Balance, (in Shares)	`CommonStockSharesOutstanding`	33.32M	shares	Point-in-time
Balance, (in Shares)	`CommonStockSharesOutstanding`	31.60M	shares	Point-in-time

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