10-K/A Filing

MEDIXALL GROUP, INC. CIK: 1601280 FY 2017

Filing Information

Form Type	10-K/A
Accession Number	`0001553350-18-000182`
Period End Date	20171231
Filing Date	20180305
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	mdxl-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 24 Cash Flow Statement 34 Stockholders Equity 16

Balance Sheet 48 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
Convertible Preferred Series A stock, shares issued	`PreferredStockSharesIssued`	264,894.00	shares	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Cash	`Cash`	$114.97K	USD	Point-in-time
Convertible Preferred Series A stock, shares issued	`PreferredStockSharesIssued`	264,894.00	shares	Point-in-time
Cash	`Cash`	$191.44K	USD	Point-in-time
Convertible Preferred Series A stock, shares outstanding	`PreferredStockSharesOutstanding`	264,894.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$191.44K	USD	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
Furniture and equipment, net	`PropertyPlantAndEquipmentNet`	$12.43K	USD	Point-in-time
Furniture and equipment, net	`PropertyPlantAndEquipmentNet`	-	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
Website and development costs	`IntangibleAssetsNetExcludingGoodwill`	-	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
Website and development costs	`IntangibleAssetsNetExcludingGoodwill`	$163.87K	USD	Point-in-time
Total Assets	`Assets`	$114.97K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	2.60M	shares	Point-in-time
Total Assets	`Assets`	$367.75K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	59.22M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	2.60M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	59.22M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$320.70K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$472.34K	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`	$271.58K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.02M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$592.28K	USD	Point-in-time
Convertible Preferred Series A stock, $0.001 par value, 1,000.000 authorized; 264,894 issued and outstanding at December 31 2017 and 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 December 31 2017 and 2016, respectively	`PreferredStockValue`	$265.00	USD	Point-in-time
Common Stock, $0.001 Par Value 750,000,000 shares authorized; 59,222,382 and 2,595,379 shares issued and outstanding at December 31, 2017 and 2016, respectively	`CommonStockValue`	$59.22K	USD	Point-in-time
Common Stock, $0.001 Par Value 750,000,000 shares authorized; 59,222,382 and 2,595,379 shares issued and outstanding at December 31, 2017 and 2016, respectively	`CommonStockValue`	$2.60K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.05M	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`	$-7.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.69M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-224.53K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-905.53K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.00M	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$114.97K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$367.75K	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	Annual
Revenue	`Revenues`	$22.23K	USD	Annual
Professional fees	`ProfessionalFees`	$92.88K	USD	Annual
Professional fees	`ProfessionalFees`	$251.02K	USD	Annual
Professional fees - related party	`ProfessionalFeesRelatedParty`	$156.00K	USD	Annual
Professional fees - related party	`ProfessionalFeesRelatedParty`	$43.94K	USD	Annual
Management fee - related party	`ManagementFeeRelatedParty`	$305.00K	USD	Annual
Management fee - related party	`ManagementFeeRelatedParty`	$320.00K	USD	Annual
Personnel related expenses	`LaborAndRelatedExpense`	$829.65K	USD	Annual
Personnel related expenses	`LaborAndRelatedExpense`	$192.16K	USD	Annual
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$8.19K	USD	Annual
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$121.42K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$657.16K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$1.66M	USD	Annual
Net Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.64M	USD	Annual
Net Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-657.16K	USD	Annual
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net Loss	`NetIncomeLoss`	$-1.64M	USD	Annual
Net Loss	`NetIncomeLoss`	$-657.16K	USD	Annual
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	Annual
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.25	USD	Annual
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	53.63M	shares	Annual
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.60M	shares	Annual

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-1.64M	USD	Annual
Net Loss	`NetIncomeLoss`	$-657.16K	USD	Annual
Depreciation	`Depreciation`	$3.00K	USD	Annual
Depreciation	`Depreciation`	-	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$180.12K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-151.64K	USD	Annual
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-189.11K	USD	Annual
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-276.58K	USD	Annual
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-666.15K	USD	Annual
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.07M	USD	Annual
Fixed assets	`PaymentsToAcquireProductiveAssets`	-	USD	Annual
Fixed assets	`PaymentsToAcquireProductiveAssets`	$15.43K	USD	Annual
Web site development costs	`PaymentsToAcquireIntangibleAssets`	-	USD	Annual
Web site development costs	`PaymentsToAcquireIntangibleAssets`	$163.87K	USD	Annual
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-179.31K	USD	Annual
Proceeds from the sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$781.12K	USD	Annual
Proceeds from the sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.32M	USD	Annual
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$781.12K	USD	Annual
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.32M	USD	Annual
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$114.97K	USD	Annual
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$76.47K	USD	Annual
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 beginning of period	`Cash`	$191.44K	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
Cash and cash equivalents at end of period	`Cash`	$191.44K	USD	Point-in-time
Interest paid in cash	`InterestPaidNet`	-	USD	Annual
Interest paid in cash	`InterestPaidNet`	-	USD	Annual
Income taxes paid in cash	`IncomeTaxesPaid`	-	USD	Annual
Income taxes paid in cash	`IncomeTaxesPaid`	-	USD	Annual
Value of common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	Annual
Value of common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-224.53K	USD	Point-in-time
Balance	`StockholdersEquity`	$-905.53K	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.00M	USD	Point-in-time
Issuance of preferred stock pursuant to the IHL of Florida Share Exchange Agreement	`StockIssuedDuringPeriodValuePreferredStockToRelatedParties`	$265.00	USD	Annual
Issuance of preferred stock pursuant to the IHL of Florida Share Exchange Agreement	`StockIssuedDuringPeriodValuePreferredStockToRelatedParties`	-	USD	Annual
Acquisition of MediXall, Inc by IHL of Florida, Inc. on July 8, 2016	`AdjustmentsToAdditionalPaidInCapitalOther`	$-2.47K	USD	Annual
Proceeds received pursuant to Private Placement Memorandum	`StockIssuedDuringPeriodValueOther`	-	USD	Annual
Proceeds received pursuant to Private Placement Memorandum	`StockIssuedDuringPeriodValueOther`	$781.12K	USD	Annual
Cancellation of common stock (See Note 4)	`StockRepurchasedAndRetiredDuringPeriodValue`	$25.00K	USD	Annual
Cancellation of common stock (See Note 4)	`StockRepurchasedAndRetiredDuringPeriodValue`	-	USD	Annual
Proceeds received pursuant to Private Placement Memorandum	`StockIssuedDuringPeriodValueOtherOne`	$2.32M	USD	Annual
Net Loss	`NetIncomeLoss`	$-1.64M	USD	Annual
Net Loss	`NetIncomeLoss`	$-657.16K	USD	Annual
Balance	`StockholdersEquity`	$-224.53K	USD	Point-in-time
Balance	`StockholdersEquity`	$-905.53K	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.00M	USD	Point-in-time

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