10-Q Filing

MEDIXALL GROUP, INC. CIK: 1601280 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001553350-17-001272`
Period End Date	20170930
Filing Date	20171120
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	mdxl-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 45 Income Statement 40 Cash Flow Statement 36

Balance Sheet 45 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`	$205.20K	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
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
Convertible Preferred Series A stock, shares outstanding	`PreferredStockSharesOutstanding`	264,894.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$205.20K	USD	Point-in-time
Furniture and equipment, net	`PropertyPlantAndEquipmentNet`	$10.34K	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
Common Stock, shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Website and development costs	`IntangibleAssetsNetExcludingGoodwill`	$100.69K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Website and development costs	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	2.60M	shares	Point-in-time
Total Assets	`Assets`	$114.97K	USD	Point-in-time
Total Assets	`Assets`	$316.23K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	56.94M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	2.60M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	56.94M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$472.34K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$377.57K	USD	Point-in-time
Accounts payable and accrued expenses - related party	`AccountsPayableRelatedPartiesCurrent`	$173.73K	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`	$551.30K	USD	Point-in-time
Convertible Preferred Series A stock, $0.001 par value, 1,000.000 authorized; 264,894 issued and outstanding at September 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 September 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; 56,944,882 and 2,595,379 shares issued and outstanding at September 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; 56,944,882 and 2,595,379 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$56.95K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.03M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.51M	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`	$-6.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.69M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-235.07K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-905.53K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$316.23K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$114.97K	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$10.08K	USD	1 Quarter
Revenue	`Revenues`	$10.08K	USD	3 Qtrs
Revenue	`Revenues`	-	USD	3 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$11.97K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$70.86K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$188.16K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$29.31K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$78.50K	USD	3 Qtrs
Professional fees - related party	`ProfessionalFeesRelatedParty`	$43.94K	USD	3 Qtrs
Professional fees - related party	`ProfessionalFeesRelatedParty`	$18.50K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$-27.02K	USD	1 Quarter
Management fee - related party	`ManagementFeeRelatedParty`	$75.00K	USD	1 Quarter
Management fee - related party	`ManagementFeeRelatedParty`	$165.00K	USD	1 Quarter
Management fee - related party	`ManagementFeeRelatedParty`	$240.00K	USD	3 Qtrs
Management fee - related party	`ManagementFeeRelatedParty`	$230.00K	USD	3 Qtrs
Compensation related expenses	`LaborAndRelatedExpense`	$200.31K	USD	1 Quarter
Compensation related expenses	`LaborAndRelatedExpense`	$67.11K	USD	3 Qtrs
Compensation related expenses	`LaborAndRelatedExpense`	$67.11K	USD	1 Quarter
Compensation related expenses	`LaborAndRelatedExpense`	$532.58K	USD	3 Qtrs
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$48.07K	USD	1 Quarter
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$-7.53K	USD	1 Quarter
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$89.52K	USD	3 Qtrs
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$651.00	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$226.86K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.12M	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$353.86K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$422.56K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-422.56K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-343.78K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.11M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-226.86K	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.16	USD	3 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	3 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	1 Quarter
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	55.27M	shares	1 Quarter
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.60M	shares	3 Qtrs
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`	52.10M	shares	3 Qtrs

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-422.56K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-343.78K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.11M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-226.86K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$23.33K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-94.78K	USD	3 Qtrs
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-374.43K	USD	3 Qtrs
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$112.59K	USD	3 Qtrs
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.58M	USD	3 Qtrs
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-286.64K	USD	3 Qtrs
Purchase of furniture and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	3 Qtrs
Purchase of furniture and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.34K	USD	3 Qtrs
Web site development costs	`PaymentsToAcquireIntangibleAssets`	-	USD	3 Qtrs
Web site development costs	`PaymentsToAcquireIntangibleAssets`	$100.69K	USD	3 Qtrs
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-111.03K	USD	3 Qtrs
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Proceeds from the sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.78M	USD	3 Qtrs
Proceeds from the sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$329.50K	USD	3 Qtrs
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$329.50K	USD	3 Qtrs
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.78M	USD	3 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$42.86K	USD	3 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$90.23K	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`Cash`	$205.20K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`Cash`	$42.86K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`Cash`	-	USD	Point-in-time
Cash and cash equivalents at beginning of period	`Cash`	$114.97K	USD	Point-in-time
Cash and cash equivalents at end of period	`Cash`	$205.20K	USD	Point-in-time
Cash and cash equivalents at end of period	`Cash`	$42.86K	USD	Point-in-time
Cash and cash equivalents at end of period	`Cash`	-	USD	Point-in-time
Cash and cash equivalents at end of period	`Cash`	$114.97K	USD	Point-in-time
Interest paid in cash	`InterestPaidNet`	-	USD	3 Qtrs
Interest paid in cash	`InterestPaidNet`	-	USD	3 Qtrs
Income taxes paid in cash	`IncomeTaxesPaid`	-	USD	3 Qtrs
Income taxes paid in cash	`IncomeTaxesPaid`	-	USD	3 Qtrs
Value of common stock issued for services	`StockIssued1`	-	USD	3 Qtrs
Value of common stock issued for services	`StockIssued1`	-	USD	3 Qtrs

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