10-Q Filing

MEDIXALL GROUP, INC. CIK: 1601280 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001553350-16-002048`
Period End Date	20160331
Filing Date	20160516
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	crcx-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 26 Cash Flow Statement 34 Stockholders Equity 14

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Convertible Preferred Series A stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Convertible Preferred Series A stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Convertible Preferred Series A stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Convertible Preferred Series A stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash	`Cash`	$230.00	USD	Point-in-time
Convertible Preferred Series A stock, shares issued	`PreferredStockSharesIssued`	600,000.00	shares	Point-in-time
Cash	`Cash`	$378.00	USD	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Cash	`Cash`	$7.02K	USD	Point-in-time
Convertible Preferred Series A stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Convertible Preferred Series A stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Convertible Preferred Series A stock, shares outstanding	`PreferredStockSharesOutstanding`	600,000.00	shares	Point-in-time
Accounts receivable - related party	`AccountsReceivableRelatedPartiesCurrent`	-	USD	Point-in-time
Accounts receivable - related party	`AccountsReceivableRelatedPartiesCurrent`	-	USD	Point-in-time
Common Stock, Par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$230.00	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Investments	`LongTermInvestments`	$25.00K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	38.43M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	38.92M	shares	Point-in-time
Investments	`LongTermInvestments`	$25.00K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	38.43M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	38.92M	shares	Point-in-time
Total Assets	`Assets`	$25.23K	USD	Point-in-time
Total Assets	`Assets`	$25.00K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$400.61K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$458.91K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$63.06K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$58.09K	USD	Point-in-time
Accrued expenses - related party	`AccruedLiabilitiesRelatedPartiesCurrent`	$334.45K	USD	Point-in-time
Accrued expenses - related party	`AccruedLiabilitiesRelatedPartiesCurrent`	$341.65K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$229.16K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$229.16K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.03M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.09M	USD	Point-in-time
Convertible Preferred Series A stock, $0.001 par value, 1,000.000 authorized; 0 and 600,000 issued and outstanding at December 31 2015 and 2014, respectively	`PreferredStockValue`	-	USD	Point-in-time
Convertible Preferred Series A stock, $0.001 par value, 1,000.000 authorized; 0 and 600,000 issued and outstanding at December 31 2015 and 2014, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, $0.001 Par Value 750,000,000 shares authorized; 38,921,911 and 38,428,911 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$38.43K	USD	Point-in-time
Common Stock, $0.001 Par Value 750,000,000 shares authorized; 38,921,911 and 38,428,911 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$38.92K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.04M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.10M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.06M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.00M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.04M	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$25.23K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$25.00K	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	Annual
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	Annual
Professional fees	`ProfessionalFees`	$16.90K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$19.56K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$43.33K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$38.09K	USD	1 Quarter
Personnel related expenses	`LaborAndRelatedExpense`	$32.57K	USD	1 Quarter
Personnel related expenses	`LaborAndRelatedExpense`	-	USD	1 Quarter
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	-	USD	1 Quarter
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$56.00	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$90.23K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$60.28K	USD	1 Quarter
Earnings before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-60.28K	USD	1 Quarter
Earnings before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-90.23K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-348.62K	USD	Annual
Net Loss	`NetIncomeLoss`	$-60.28K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-684.09K	USD	Annual
Net Loss	`NetIncomeLoss`	$-90.23K	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	38.92M	shares	1 Quarter
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	37.86M	shares	1 Quarter

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Issuance of restricted shares of common stock	`IssuanceOfRestrictedSharesOfCommonStock`	493,000.00	shares	Annual
Issuance of restricted shares of common stock	`IssuanceOfRestrictedSharesOfCommonStock`	493,000.00	shares	1 Quarter
Net Loss	`NetIncomeLoss`	$-348.62K	USD	Annual
Net Loss	`NetIncomeLoss`	$-60.28K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-684.09K	USD	Annual
Net Loss	`NetIncomeLoss`	$-90.23K	USD	1 Quarter
Accounts payable - related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$58.29K	USD	1 Quarter
Accounts payable - related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$38.19K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.98K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-14.66K	USD	1 Quarter
Accrued expenses - related party	`IncreaseDecreaseInAccruedLiabilities`	$7.20K	USD	1 Quarter
Accrued expenses - related party	`IncreaseDecreaseInAccruedLiabilities`	$73.33K	USD	1 Quarter
Net cash provided (used) in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$6.64K	USD	1 Quarter
Net cash provided (used) in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$230.00	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash flows provided by financing acivities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash flows provided by financing acivities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$230.00	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.64K	USD	1 Quarter
Cash and cash equivalents at beginning of year	`Cash`	$230.00	USD	Point-in-time
Cash and cash equivalents at beginning of year	`Cash`	$378.00	USD	Point-in-time
Cash and cash equivalents at beginning of year	`Cash`	-	USD	Point-in-time
Cash and cash equivalents at beginning of year	`Cash`	$7.02K	USD	Point-in-time
Cash and cash equivalents at end of year	`Cash`	$230.00	USD	Point-in-time
Cash and cash equivalents at end of year	`Cash`	$378.00	USD	Point-in-time
Cash and cash equivalents at end of year	`Cash`	-	USD	Point-in-time
Cash and cash equivalents at end of year	`Cash`	$7.02K	USD	Point-in-time
Interest paid in cash	`InterestPaid`	-	USD	1 Quarter
Interest paid in cash	`InterestPaid`	-	USD	1 Quarter
Income taxes paid in cash	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid in cash	`IncomeTaxesPaid`	-	USD	1 Quarter
Issuance of 493,000 restricted shares of common stock related to a prior years' PPM adjustment	`IssuanceOf331843RestrictedSharesOfCommonStockRelatedToPriorYearsPpmAdjustment`	-	USD	1 Quarter
Issuance of 493,000 restricted shares of common stock related to a prior years' PPM adjustment	`IssuanceOf331843RestrictedSharesOfCommonStockRelatedToPriorYearsPpmAdjustment`	-	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Issuance of stock for services per share (in dollars per share)	`StockIssuedDuringPeriodIssuedForServicesPerShare`	$0.20	USD	Annual
Balance	`StockholdersEquity`	$-1.06M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.04M	USD	Point-in-time
Cancellation of Series A convertible shares	`PreferredStockReturnedDuringPeriodValue`	$345.49K	USD	Annual
Issuance of stock for services ($0.20 per share)	`StockIssuedDuringPeriodValueIssuedForServices`	$45.00K	USD	Annual
Issuance of restricted shares of common stock related to prior years' PPM adjustment	`IssuanceOfRestrictedSharesOfCommonStockRelatedToPriorYearsPpmAdjustment`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-348.62K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-60.28K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-684.09K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-90.23K	USD	1 Quarter
Balance	`StockholdersEquity`	$-1.06M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.04M	USD	Point-in-time

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