10-Q Filing

MEDIXALL GROUP, INC. CIK: 1601280 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001553350-17-000965`
Period End Date	20170630
Filing Date	20170821
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	mdxl-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 48 Cash Flow Statement 34

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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$114.97K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$256.24K	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 issued	`PreferredStockSharesIssued`	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`	$256.24K	USD	Point-in-time
Convertible Preferred Series A stock, shares outstanding	`PreferredStockSharesOutstanding`	264,894.00	shares	Point-in-time
Website and development costs	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Common Stock, Par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Website and development costs	`IntangibleAssetsNetExcludingGoodwill`	$77.53K	USD	Point-in-time
Common Stock, Par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Assets	`Assets`	$114.97K	USD	Point-in-time
Total Assets	`Assets`	$333.77K	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`	54.08M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	54.08M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	2.60M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$425.35K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$472.34K	USD	Point-in-time
Accounts payable and accrued expenses - related party	`AccountsPayableRelatedPartiesCurrent`	$382.47K	USD	Point-in-time
Accounts payable and accrued expenses - related party	`AccountsPayableRelatedPartiesCurrent`	$548.16K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.02M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$807.82K	USD	Point-in-time
Convertible Preferred Series A stock, $0.001 par value, 1,000,000 authorized; 264,894 issued and outstanding at June 30, 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 June 30, 2017 and December 31 2016, respectively	`PreferredStockValue`	$265.00	USD	Point-in-time
Common Stock, $0.001 Par Value 750,000,000 shares authorized; 54,709,962 and 2,595,379 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$2.60K	USD	Point-in-time
Common Stock, $0.001 Par Value 750,000,000 shares authorized; 54,709,962 and 2,595,379 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$54.71K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.93M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.03M	USD	Point-in-time
Common stock payable	`CommonStockSharesSubscriptions`	-	USD	Point-in-time
Common stock payable	`CommonStockSharesSubscriptions`	$756.12K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.46M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.69M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-474.05K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-905.53K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$114.97K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$333.77K	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$41.55K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$176.19K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$35.64K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$39.74K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$70.97K	USD	2 Qtrs
Professional fees - related party	`ProfessionalFeesRelatedParty`	$60.00K	USD	2 Qtrs
Professional fees - related party	`ProfessionalFeesRelatedParty`	$22.50K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$60.00K	USD	1 Quarter
Management fee - related party	`ManagementFeeRelatedParty`	$155.00K	USD	2 Qtrs
Management fee - related party	`ManagementFeeRelatedParty`	$75.00K	USD	2 Qtrs
Management fee - related party	`ManagementFeeRelatedParty`	$75.00K	USD	1 Quarter
Management fee - related party	`ManagementFeeRelatedParty`	$45.00K	USD	1 Quarter
Personnel related expenses	`LaborAndRelatedExpense`	-	USD	1 Quarter
Personnel related expenses	`LaborAndRelatedExpense`	$210.98K	USD	1 Quarter
Personnel related expenses	`LaborAndRelatedExpense`	-	USD	2 Qtrs
Personnel related expenses	`LaborAndRelatedExpense`	$332.26K	USD	2 Qtrs
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$6.90K	USD	1 Quarter
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$41.44K	USD	2 Qtrs
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$8.18K	USD	2 Qtrs
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$31.95K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$376.07K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$764.89K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$151.65K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$195.70K	USD	2 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-151.65K	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-195.70K	USD	2 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-376.07K	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-764.89K	USD	2 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-376.07K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-151.65K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-764.89K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-195.70K	USD	2 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	2 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	2 Qtrs
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`	52.64M	shares	1 Quarter
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	50.19M	shares	2 Qtrs
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.60M	shares	2 Qtrs
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.60M	shares	1 Quarter

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-376.07K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-151.65K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-764.89K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-195.70K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-46.99K	USD	2 Qtrs
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-165.69K	USD	2 Qtrs
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$91.28K	USD	2 Qtrs
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-977.57K	USD	2 Qtrs
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-96.42K	USD	2 Qtrs
Web site development costs	`PaymentsToAcquireIntangibleAssets`	$77.53K	USD	2 Qtrs
Web site development costs	`PaymentsToAcquireIntangibleAssets`	-	USD	2 Qtrs
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-77.53K	USD	2 Qtrs
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	2 Qtrs
Proceeds from the sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.20M	USD	2 Qtrs
Proceeds from the sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$106.25K	USD	2 Qtrs
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.20M	USD	2 Qtrs
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$106.25K	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.83K	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$141.27K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`Cash`	$256.24K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`Cash`	$114.97K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`Cash`	$9.83K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`Cash`	-	USD	Point-in-time
Cash and cash equivalents at end of period	`Cash`	$256.24K	USD	Point-in-time
Cash and cash equivalents at end of period	`Cash`	$114.97K	USD	Point-in-time
Cash and cash equivalents at end of period	`Cash`	$9.83K	USD	Point-in-time
Cash and cash equivalents at end of period	`Cash`	-	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
Value of common stock issued for services	`StockIssued1`	-	USD	2 Qtrs
Value of common stock issued for services	`StockIssued1`	-	USD	2 Qtrs

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