10-Q Filing

MEDIXALL GROUP, INC. CIK: 1601280 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001553350-18-000746`
Period End Date	20180331
Filing Date	20180629
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	mdxl-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 45 Income Statement 24 Cash Flow Statement 34

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`	$186.93K	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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$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`	$186.93K	USD	Point-in-time
Convertible Preferred Series A stock, shares outstanding	`PreferredStockSharesOutstanding`	264,894.00	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
Furniture and equipment, net	`PropertyPlantAndEquipmentNet`	$12.43K	USD	Point-in-time
Furniture and equipment, net	`PropertyPlantAndEquipmentNet`	$17.36K	USD	Point-in-time
Website and development costs	`CapitalizedComputerSoftwareNet`	$199.46K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Website and development costs	`CapitalizedComputerSoftwareNet`	$163.87K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	62.23M	shares	Point-in-time
Total Assets	`Assets`	$367.75K	USD	Point-in-time
Total Assets	`Assets`	$403.75K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	59.22M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	62.23M	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`	$363.86K	USD	Point-in-time
Accounts payable and accrued expenses - related party	`AccountsPayableRelatedPartiesCurrent`	$271.58K	USD	Point-in-time
Accounts payable and accrued expenses - related party	`AccountsPayableRelatedPartiesCurrent`	$116.68K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$592.28K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$480.53K	USD	Point-in-time
Convertible Preferred Series A stock, $0.001 par value, 1,000,000 authorized; 264,894 issued and outstanding	`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	`PreferredStockValue`	$265.00	USD	Point-in-time
Common Stock, $0.001 Par Value 750,000,000 shares authorized; 62,231,545 and 59,222,382 shares issued and outstanding	`CommonStockValue`	$62.23K	USD	Point-in-time
Common Stock, $0.001 Par Value 750,000,000 shares authorized; 62,231,545 and 59,222,382 shares issued and outstanding	`CommonStockValue`	$59.22K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.05M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.21M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.35M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-76.79K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-224.53K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$367.75K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$403.75K	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`	$52.45K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$37.50K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$30.00K	USD	1 Quarter
Management fee - related party	`ManagementFeeRelatedParty`	$75.00K	USD	1 Quarter
Management fee - related party	`ManagementFeeRelatedParty`	$80.00K	USD	1 Quarter
Personnel related expenses	`LaborAndRelatedExpense`	$121.28K	USD	1 Quarter
Personnel related expenses	`LaborAndRelatedExpense`	$768.17K	USD	1 Quarter
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$86.24K	USD	1 Quarter
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$9.49K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$388.82K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.01M	USD	1 Quarter
Net loss before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.01M	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`	$-1.01M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-388.82K	USD	1 Quarter
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	1 Quarter
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	60.69M	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 34 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-1.01M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-388.82K	USD	1 Quarter
Depreciation	`Depreciation`	$1.00K	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	1 Quarter
Stock issued as compensation for services	`ShareBasedCompensation`	-	USD	1 Quarter
Stock issued as compensation for services	`ShareBasedCompensation`	$519.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$43.15K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-36.42K	USD	1 Quarter
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-85.17K	USD	1 Quarter
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-154.90K	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-510.41K	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-603.61K	USD	1 Quarter
Purchase of furniture and equipment	`PaymentsToAcquireFurnitureAndFixtures`	$5.93K	USD	1 Quarter
Purchase of furniture and equipment	`PaymentsToAcquireFurnitureAndFixtures`	-	USD	1 Quarter
Website development costs	`PaymentsToAcquireSoftware`	-	USD	1 Quarter
Website development costs	`PaymentsToAcquireSoftware`	$35.58K	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-41.52K	USD	1 Quarter
Proceeds from the sale of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$705.38K	USD	1 Quarter
Proceeds from the sale of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$640.61K	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$194.97K	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.51K	USD	1 Quarter
Cash at beginning of period	`Cash`	$114.97K	USD	Point-in-time
Cash at beginning of period	`Cash`	$309.94K	USD	Point-in-time
Cash at beginning of period	`Cash`	$186.93K	USD	Point-in-time
Cash at beginning of period	`Cash`	$191.44K	USD	Point-in-time
Cash at end of period	`Cash`	$114.97K	USD	Point-in-time
Cash at end of period	`Cash`	$309.94K	USD	Point-in-time
Cash at end of period	`Cash`	$186.93K	USD	Point-in-time
Cash at end of period	`Cash`	$191.44K	USD	Point-in-time
Interest paid in cash	`InterestPaidNet`	-	USD	1 Quarter
Interest paid in cash	`InterestPaidNet`	-	USD	1 Quarter
Income taxes paid in cash	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid in cash	`IncomeTaxesPaid`	-	USD	1 Quarter

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