10-Q Filing

MEDIXALL GROUP, INC. CIK: 1601280 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001553350-16-002327`
Period End Date	20160630
Filing Date	20160812
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	crcx-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 48 Cash Flow Statement 41

Balance Sheet 44 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
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Convertible Preferred Series A stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	-	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`	0.00	shares	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
Investments	`LongTermInvestments`	-	USD	Point-in-time
Investments	`LongTermInvestments`	$25.00K	USD	Point-in-time
Total Assets	`Assets`	$25.00K	USD	Point-in-time
Total Assets	`Assets`	-	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
Common Stock, shares issued	`CommonStockSharesIssued`	38.43M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	37.92M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	37.92M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	38.43M	shares	Point-in-time
Accounts payable - related parties	`AccountsPayableRelatedPartiesCurrent`	$488.91K	USD	Point-in-time
Accounts payable - related parties	`AccountsPayableRelatedPartiesCurrent`	$400.61K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$68.04K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$63.06K	USD	Point-in-time
Accrued expenses - related parties	`AccruedLiabilitiesRelatedPartiesCurrent`	$341.36K	USD	Point-in-time
Accrued expenses - related parties	`AccruedLiabilitiesRelatedPartiesCurrent`	$334.45K	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`	$1.13M	USD	Point-in-time
Convertible Preferred Series A stock, $0.001 par value, 1,000,000 authorized; 0 issued and outstanding at June 30, 2016 and December 31, 2015, respectively	`PreferredStockValue`	-	USD	Point-in-time
Convertible Preferred Series A stock, $0.001 par value, 1,000,000 authorized; 0 issued and outstanding at June 30, 2016 and December 31, 2015, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, $0.001 Par Value 750,000,000 shares authorized; 37,921,911 and 38,428,911 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$38.43K	USD	Point-in-time
Common Stock, $0.001 Par Value 750,000,000 shares authorized; 37,921,911 and 38,428,911 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$37.92K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.97M	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`	$-5.14M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.00M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.13M	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$25.00K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	Annual
Revenue	`Revenues`	-	USD	Annual
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$51.48K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$31.92K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$9.78K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$26.69K	USD	2 Qtrs
Professional fees - related party	`ProfessionalFeesRelatedParty`	$70.25K	USD	2 Qtrs
Professional fees - related party	`ProfessionalFeesRelatedParty`	$30.00K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$32.16K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$73.33K	USD	2 Qtrs
Personnel related expenses	`LaborAndRelatedExpense`	$64.87K	USD	2 Qtrs
Personnel related expenses	`LaborAndRelatedExpense`	$32.30K	USD	1 Quarter
Personnel related expenses	`LaborAndRelatedExpense`	-	USD	1 Quarter
Personnel related expenses	`LaborAndRelatedExpense`	-	USD	2 Qtrs
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$109.00	USD	1 Quarter
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$165.00	USD	2 Qtrs
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$11.59K	USD	2 Qtrs
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$11.59K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$198.19K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$107.96K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$100.18K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$39.89K	USD	1 Quarter
Earnings before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-107.96K	USD	1 Quarter
Earnings before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-100.18K	USD	2 Qtrs
Earnings before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-198.19K	USD	2 Qtrs
Earnings before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-39.89K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-348.62K	USD	Annual
Net Loss	`NetIncomeLoss`	$-100.18K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-107.96K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-198.19K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-39.89K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-684.09K	USD	Annual
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
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`	37.87M	shares	2 Qtrs
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	37.87M	shares	1 Quarter
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	38.43M	shares	1 Quarter
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	38.72M	shares	2 Qtrs

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-348.62K	USD	Annual
Net Loss	`NetIncomeLoss`	$-100.18K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-107.96K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-198.19K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-39.89K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-684.09K	USD	Annual
Cancellation of Convertible Preferred Series A Stock	`ExpenseRelatedToCancellationOfPreferredStock`	-	USD	2 Qtrs
Cancellation of Convertible Preferred Series A Stock	`ExpenseRelatedToCancellationOfPreferredStock`	$345.49K	USD	2 Qtrs
Due from related party	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$-200.00	USD	2 Qtrs
Due from related party	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	-	USD	2 Qtrs
Accounts payable - related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-4.46K	USD	2 Qtrs
Accounts payable - related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$88.29K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.97K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-196.24K	USD	2 Qtrs
Accrued expenses - related party	`IncreaseDecreaseInAccruedExpensesRelatedParties`	$64.82K	USD	2 Qtrs
Accrued expenses - related party	`IncreaseDecreaseInAccruedExpensesRelatedParties`	$6.91K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$13.50K	USD	2 Qtrs
Net cash provided (used) in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	-	USD	2 Qtrs
Net cash provided (used) in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$25.13K	USD	2 Qtrs
Investment in Continental Rail LLC	`PaymentsToAcquireOtherInvestments`	$25.00K	USD	2 Qtrs
Investment in Continental Rail LLC	`PaymentsToAcquireOtherInvestments`	-	USD	2 Qtrs
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-25.00K	USD	2 Qtrs
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	2 Qtrs
Net cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	2 Qtrs
Net cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$133.00	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	2 Qtrs
Cash and cash equivalents at beginning of year	`Cash`	-	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`	$511.00	USD	Point-in-time
Cash and cash equivalents at beginning of year	`Cash`	$378.00	USD	Point-in-time
Cash and cash equivalents at end of year	`Cash`	-	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`	$511.00	USD	Point-in-time
Cash and cash equivalents at end of year	`Cash`	$378.00	USD	Point-in-time
Interest paid in cash	`InterestPaid`	-	USD	2 Qtrs
Interest paid in cash	`InterestPaid`	-	USD	2 Qtrs
Income taxes paid in cash	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income taxes paid in cash	`IncomeTaxesPaid`	-	USD	2 Qtrs
Investment in Continental Rail, LLC	`FairValueOfAssetsAcquired`	$-25.00K	USD	2 Qtrs
Investment in Continental Rail, LLC	`FairValueOfAssetsAcquired`	$25.00K	USD	2 Qtrs

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