10-K Filing

MITESCO, INC. CIK: 802257 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001511164-17-000206`
Period End Date	20161231
Filing Date	20170417
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	tnty-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 26 Cash Flow Statement 60 Stockholders Equity 25

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash	`Cash`	$28.18K	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$17.00K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.88K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$45.19K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.88K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Assets	`Assets`	$45.19K	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Assets	`Assets`	$1.88K	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	`AccountsPayableCurrentAndNoncurrent`	$589.23K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	11.77M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$414.46K	USD	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
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$106.87K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	11.77M	shares	Point-in-time
Accrued interest	`AccruedInterest`	$14.92K	USD	Point-in-time
Accrued interest	`AccruedInterest`	$31.02K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrentAndNoncurrent`	$13.32K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrentAndNoncurrent`	$84.49K	USD	Point-in-time
Convertible notes payable, in default	`DebtCurrent`	$122.17K	USD	Point-in-time
Convertible notes payable, in default	`DebtCurrent`	$256.27K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$564.87K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.07M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$564.87K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.07M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$117.65K	USD	Point-in-time
Common stock	`CommonStockValue`	$174.37K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.92K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.26M	USD	Point-in-time
Stock payable	`StockPayable`	$20.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-641.25K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.52M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-519.69K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$2.26M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.07M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$1.88K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$45.19K	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$64.76K	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.41M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$64.76K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$4.41M	USD	Annual
Operating Loss from Continuing Operations	`OperatingIncomeLoss`	$-64.76K	USD	Annual
Operating Loss from Continuing Operations	`OperatingIncomeLoss`	$-4.41M	USD	Annual
Interest expense	`InterestExpense`	$-896.00	USD	Annual
Interest expense	`InterestExpense`	$-269.37K	USD	Annual
Loss on liability conversion to common shares	`LossOnLiabilityConversionToCommonShares`	$-206.33K	USD	Annual
Net Loss from Continuing Operations	`NetLossFromContinuingOperations`	$-65.65K	USD	Annual
Net Loss from Continuing Operations	`NetLossFromContinuingOperations`	$-4.88M	USD	Annual
Net loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-337.36K	USD	Annual
Other comprehensive gain, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$24.82K	USD	Annual
Comprehensive Loss from Discontinued Operations	`ComprehensiveLossFromDiscontinuedOperations`	$-312.55K	USD	Annual
Net loss	`ProfitLoss`	$-403.01K	USD	Annual
Net loss	`ProfitLoss`	$-4.88M	USD	Annual
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-378.20K	USD	Annual
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-4.88M	USD	Annual
Net Loss from Continuing Operations Per Share - Basic and Diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.35	USD	Annual
Net Loss from Continuing Operations Per Share - Basic and Diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.11	USD	Annual
Net loss from Discontinued Operations Per Share - Basic and Diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	Annual
Net loss from Discontinued Operations Per Share - Basic and Diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.55	USD	Annual
Net Loss Per Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.35	USD	Annual
Net Loss Per Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.66	USD	Annual
Weighted Average Number of Shares Outstanding During the Period - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	612,053.00	shares	Annual
Weighted Average Number of Shares Outstanding During the Period - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.76M	shares	Annual

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-65.65K	USD	Annual
Net Loss	`NetIncomeLoss`	$-4.88M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$3.38M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$3.92K	USD	Annual
Loss on payable conversion	`LossOnPayableConversion`	$190.00K	USD	Annual
Debt discount amortization	`AccretionExpense`	$249.59K	USD	Annual
Loss on debt conversion	`LossOnDebtConversion`	$16.33K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$564.77K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.32K	USD	Annual
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$15.12K	USD	Annual
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-17.00K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$74.03K	USD	Annual
Accounts payable - related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$106.87K	USD	Annual
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$4.34K	USD	Annual
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$16.91K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-269.51K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-78.72K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Repayment of convertible note	`RepaymentOfConvertibleNote`	$-67.68K	USD	Annual
Proceeds from issuance of convertible note payable, net	`ProceedsFromConvertibleDebt`	$258.00K	USD	Annual
Sale of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$51.00K	USD	Annual
Proceeds received from issuance of preferred stock	`ProceedsFromPreviousAcquisition`	-	USD	Annual
Proceeds received from issuance of preferred stock	`ProceedsFromPreviousAcquisition`	$106.90K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$241.32K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$106.90K	USD	Annual
Operating activities	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-287.73K	USD	Annual
Investing activities	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-108.81K	USD	Annual
Financing activities	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$398.84K	USD	Annual
Net increase (decrease) in Cash and Cash Equivalents for Discontinued Operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$2.30K	USD	Annual
Net increase in Cash and Cash Equivalents for Continuing Operations	`NetCashProvidedByUsedInContinuingOperations`	$-28.18K	USD	Annual
Net increase in Cash and Cash Equivalents for Continuing Operations	`NetCashProvidedByUsedInContinuingOperations`	$28.18K	USD	Annual
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.12K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.18K	USD	Point-in-time
Cash to Spin Out	`CashToSpinOut`	$-16.42K	USD	Annual
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.12K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$28.18K	USD	Point-in-time
Beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$32.54K	USD	Point-in-time
Beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$67.06K	USD	Annual
Beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$25.15K	USD	Point-in-time
Conversion of debt to common stock	`ConversionOfDebtToCommonStock`	$103.67K	USD	Annual
Exchange of preferred stock for common stock	`ExchangeOfPreferredStockForCommonStock`	-	USD	Annual
Exchange of preferred stock for common stock	`ExchangeOfPreferredStockForCommonStock`	$100.00K	USD	Annual
Common stock issued upon conversion of debenture prior to spin-out	`CommonStockIssuedUponConversionOfDebenturePriorToSpinOut`	$142.51K	USD	Annual
Discount related to issuance of debt with warrants and allocated fair value to beneficial conversion feature prior to spin-out	`DiscountRelatedToIssuanceOfDebtWithWarrantsAndAllocatedFairValueToBeneficialConversionFeaturePriorToSpinOut`	$274.12K	USD	Annual
Stock compensation expense - discontinued operations	`StockCompensationExpenseDiscontinuedOperations`	$151.71K	USD	Annual
Gain on extinguishment of debt - discontinued operations	`GainOnExtinguishmentOfDebtDiscontinuedOperations`	$-1.87M	USD	Annual
Foreign currency translation gain - discontinued operations	`ForeignCurrencyTranslationGainDiscontinuedOperations`	$24.82K	USD	Annual
Common stock issued for conversion of debt - discontinued operations	`CommonStockIssuedForConversionOfDebtDiscontinuedOperations`	$7.42K	USD	Annual
Common stock issued upon conversion of payables	`CommonStockIssuedUponConversionOfPayables`	$1.89K	USD	Annual
Common stock issued upon conversion of payables	`CommonStockIssuedUponConversionOfPayables`	$390.00K	USD	Annual
Common stock issued to spin-out company	`CommonStockIssuedToSpinOutCompany`	-	USD	Annual
Common stock issued to spin-out company	`CommonStockIssuedToSpinOutCompany`	$2.03K	USD	Annual
Shares issued and adjustments related to reverse split	`SharesIssuedAndAdjustmentsRelatedToReverseSplit`	$60.00	USD	Annual
Spin out adjustment	`SpinOutAdjustment`	$16.27M	USD	Annual
Liabilities assumed by company	`LiabilitiesAssumedByCompany`	-	USD	Annual
Liabilities assumed by company	`LiabilitiesAssumedByCompany`	$441.51K	USD	Annual
Discount cost related to issuance of debentures, warrants and convertible notes	`DiscountCostRelatedToIssuanceOfDebenturesWarrantsAndConvertibleNotes`	$138.75K	USD	Annual

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Balance, Value	`StockholdersEquity`	$-519.69K	USD	Point-in-time
Balance, Value	`StockholdersEquity`	$2.26M	USD	Point-in-time
Balance, Value	`StockholdersEquity`	$-1.07M	USD	Point-in-time
Issuance of Trunity Holdings, Inc. preferred stock for acquisition of Newco4pharmacy, LLC, net of issuance costs, Value	`IssuanceOfTrunityHoldingsIncPreferredStockForAcquisitionOfNewco4pharmacyLlcNetOfIssuanceCostsValue`	$106.90K	USD	Annual
Common stock issued upon conversion of debenture prior to Spin-Out, Value	`CommonStockIssuedUponConversionOfDebenturePriorToSpinOutValue`	$142.51K	USD	Annual
Discount related to issuance of debt with warrants and allocated fair value to beneficial conversion feature proior to Spin-Out	`DiscountRelatedToIssuanceOfDebtWithWarrantsAndAllocatedFairValueToBeneficialConversionFeatureProiorToSpinOut`	$274.12K	USD	Annual
Stock compensation expense - discontinued operations	`StockCompensationExpenseDiscontinuedOperations`	$151.71K	USD	Annual
Gain on extinguishment of debt - discontinued operations	`GainOnExtinguishmentOfDebtDiscontinuedOperations`	$-1.87M	USD	Annual
Foreign currency translation gain - discontinued operations	`ForeignCurrencyTranslationGainDiscontinuedOperations`	$24.82K	USD	Annual
Common stock issued for conversion of debt, Value	`CommonStockIssuedForConversionOfDebtValue`	$120.00K	USD	Annual
Net loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-337.36K	USD	Annual
Spin-out adjustment	`SpinOutAdjustment1`	$3.31M	USD	Annual
Stock compensation expense - continued operations	`StockCompensationExpenseContinuedOperations`	$3.92K	USD	Annual
Net Loss	`NetIncomeLoss`	$-65.65K	USD	Annual
Net Loss	`NetIncomeLoss`	$-4.88M	USD	Annual
Sale of common stock, net of issuance costs, Value	`SaleOfCommonStockNetOfIssuanceCostsValue`	$51.00K	USD	Annual
Beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$32.54K	USD	Point-in-time
Beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$67.06K	USD	Annual
Beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$25.15K	USD	Point-in-time
Stock based compensation, Value	`StockBasedCompensationValue`	$3.38M	USD	Annual
Common stock and warrants issued and payable for debt discount, Value	`CommonStockAndWarrantsIssuedAndPayableForDebtDiscountValue`	$138.75K	USD	Annual
Common stock issued for the conversion of payables, Value	`CommonStockIssuedForTheConversionOfPayablesValue`	$580.00K	USD	Annual
Balance, Value	`StockholdersEquity`	$-519.69K	USD	Point-in-time
Balance, Value	`StockholdersEquity`	$2.26M	USD	Point-in-time
Balance, Value	`StockholdersEquity`	$-1.07M	USD	Point-in-time

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