10-Q Filing

MEDIXALL GROUP, INC. CIK: 1601280 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001553350-17-000662`
Period End Date	20170331
Filing Date	20170522
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	mdxl-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 24 Cash Flow Statement 30

Balance Sheet 42 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	`CashAndCashEquivalentsAtCarryingValue`	$309.94K	USD	Point-in-time
Convertible Preferred Series A stock, shares issued	`PreferredStockSharesIssued`	264,894.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$114.97K	USD	Point-in-time
Convertible Preferred Series A stock, shares issued	`PreferredStockSharesIssued`	264,894.00	shares	Point-in-time
Convertible Preferred Series A stock, shares outstanding	`PreferredStockSharesOutstanding`	264,894.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$114.97K	USD	Point-in-time
Convertible Preferred Series A stock, shares outstanding	`PreferredStockSharesOutstanding`	264,894.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$309.94K	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 Assets	`Assets`	$309.94K	USD	Point-in-time
Total Assets	`Assets`	$114.97K	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`	2.60M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	50.65M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$472.34K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	50.65M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	2.60M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$435.92K	USD	Point-in-time
Accounts payable and accrued expenses - related party	`AccountsPayableRelatedPartiesCurrent`	$548.16K	USD	Point-in-time
Accounts payable and accrued expenses - related party	`AccountsPayableRelatedPartiesCurrent`	$462.99K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.02M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$898.92K	USD	Point-in-time
Convertible Preferred Series A stock, $0.001 par value, 1,000.000 authorized; 264,894 issued and outstanding at March 31, 2017 and December 31 2016, respectively.	`PreferredStockValue`	$265.00	USD	Point-in-time
Convertible Preferred Series A stock, $0.001 par value, 1,000.000 authorized; 264,894 issued and outstanding at March 31, 2017 and December 31 2016, respectively.	`PreferredStockValue`	$265.00	USD	Point-in-time
Common Stock, $0.001 Par Value 750,000,000 shares authorized; 50,654,712 and 2,595,379 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively.	`CommonStockValue`	$2.60K	USD	Point-in-time
Common Stock, $0.001 Par Value 750,000,000 shares authorized; 50,654,712 and 2,595,379 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively.	`CommonStockValue`	$50.66K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.44M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.03M	USD	Point-in-time
Common stock payable	`CommonStockSharesSubscriptions`	$756.12K	USD	Point-in-time
Common stock payable	`CommonStockSharesSubscriptions`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.08M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.69M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-905.53K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-588.98K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$114.97K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$309.94K	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$140.55K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$18.05K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$37.50K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$10.96K	USD	1 Quarter
Management fee - related party	`ManagementFeeRelatedParty`	$30.00K	USD	1 Quarter
Management fee - related party	`ManagementFeeRelatedParty`	$80.00K	USD	1 Quarter
Personnel related expenses	`LaborAndRelatedExpense`	-	USD	1 Quarter
Personnel related expenses	`LaborAndRelatedExpense`	$121.28K	USD	1 Quarter
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$1.28K	USD	1 Quarter
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$9.49K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$60.30K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$388.82K	USD	1 Quarter
Net loss before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-60.30K	USD	1 Quarter
Net loss before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-388.82K	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-60.30K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-388.82K	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.60M	shares	1 Quarter
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	47.14M	shares	1 Quarter

Cash Flow Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-60.30K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-388.82K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.95K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-36.42K	USD	1 Quarter
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$62.49K	USD	1 Quarter
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-85.17K	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$246.00	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-510.41K	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
Proceeds from the sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$705.38K	USD	1 Quarter
Proceeds from the sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$705.38K	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$246.00	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$194.97K	USD	1 Quarter
Cash and cash equivalents at beginning of year	`Cash`	-	USD	Point-in-time
Cash and cash equivalents at beginning of year	`Cash`	$309.94K	USD	Point-in-time
Cash and cash equivalents at beginning of year	`Cash`	$114.97K	USD	Point-in-time
Cash and cash equivalents at beginning of year	`Cash`	$246.00	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`	$309.94K	USD	Point-in-time
Cash and cash equivalents at end of year	`Cash`	$114.97K	USD	Point-in-time
Cash and cash equivalents at end of year	`Cash`	$246.00	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
Value of common stock issued for services	`StockIssued1`	-	USD	1 Quarter
Value of common stock issued for services	`StockIssued1`	-	USD	1 Quarter

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