10-Q Filing

MEDIXALL GROUP, INC. CIK: 1601280 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001553350-18-000962`
Period End Date	20180630
Filing Date	20180814
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	mdxl-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 48 Cash Flow Statement 38

Balance Sheet 47 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`	$191.44K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$301.91K	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
Accounts receivable - related party	`DueFromRelatedPartiesCurrent`	$84.36K	USD	Point-in-time
Accounts receivable - related party	`DueFromRelatedPartiesCurrent`	-	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`	$191.44K	USD	Point-in-time
Common Stock, Par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$386.27K	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
Furniture and equipment, net	`PropertyPlantAndEquipmentNet`	$16.66K	USD	Point-in-time
Furniture and equipment, net	`PropertyPlantAndEquipmentNet`	$12.43K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	59.22M	shares	Point-in-time
Website and development costs	`CapitalizedComputerSoftwareNet`	$163.87K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	64.48M	shares	Point-in-time
Website and development costs	`CapitalizedComputerSoftwareNet`	$253.90K	USD	Point-in-time
Total Assets	`Assets`	$656.83K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	64.48M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	59.22M	shares	Point-in-time
Total Assets	`Assets`	$367.75K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	2.60M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$320.70K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$207.18K	USD	Point-in-time
Accounts payable and accrued expenses - related party	`AccountsPayableRelatedPartiesCurrent`	$77.53K	USD	Point-in-time
Accounts payable and accrued expenses - related party	`AccountsPayableRelatedPartiesCurrent`	$271.58K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$592.28K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$284.71K	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; 64,481,954 and 59,222,382 shares issued and outstanding	`CommonStockValue`	$59.22K	USD	Point-in-time
Common Stock, $0.001 Par Value 750,000,000 shares authorized; 64,481,954 and 59,222,382 shares issued and outstanding	`CommonStockValue`	$64.48K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$9.27M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.05M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.96M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.34M	USD	Point-in-time
Total Stockholders' equity (deficit)	`StockholdersEquity`	$372.12K	USD	Point-in-time
Total Stockholders' equity (deficit)	`StockholdersEquity`	$-224.53K	USD	Point-in-time
Total Liabilities and Stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$367.75K	USD	Point-in-time
Total Liabilities and Stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$656.83K	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$1.17K	USD	2 Qtrs
Revenue	`Revenues`	$1.17K	USD	1 Quarter
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$176.19K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$52.34K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$35.64K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$104.79K	USD	2 Qtrs
Professional fees - related party	`ProfessionalFeesRelatedParty`	$30.00K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$22.50K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$60.00K	USD	2 Qtrs
Professional fees - related party	`ProfessionalFeesRelatedParty`	$60.00K	USD	2 Qtrs
Management fee - related party	`ManagementFeeRelatedParty`	$75.00K	USD	1 Quarter
Management fee - related party	`ManagementFeeRelatedParty`	$155.00K	USD	2 Qtrs
Management fee - related party	`ManagementFeeRelatedParty`	$75.00K	USD	1 Quarter
Management fee - related party	`ManagementFeeRelatedParty`	$150.00K	USD	2 Qtrs
Personnel related expenses	`LaborAndRelatedExpense`	$332.26K	USD	2 Qtrs
Personnel related expenses	`LaborAndRelatedExpense`	$210.98K	USD	1 Quarter
Personnel related expenses	`LaborAndRelatedExpense`	$355.57K	USD	1 Quarter
Personnel related expenses	`LaborAndRelatedExpense`	$1.12M	USD	2 Qtrs
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$190.56K	USD	2 Qtrs
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$31.95K	USD	1 Quarter
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$41.44K	USD	2 Qtrs
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$104.33K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.63M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$764.89K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$376.07K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$617.24K	USD	1 Quarter
Net loss before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.63M	USD	2 Qtrs
Net loss before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-376.07K	USD	1 Quarter
Net loss before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-616.06K	USD	1 Quarter
Net loss before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-764.89K	USD	2 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-764.89K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-616.06K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-376.07K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.63M	USD	2 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	2 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	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`	62.13M	shares	2 Qtrs
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63.56M	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-764.89K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-616.06K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-376.07K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.63M	USD	2 Qtrs
Depreciation	`Depreciation`	$2.00K	USD	2 Qtrs
Depreciation	`Depreciation`	-	USD	2 Qtrs
Common Stock issued as compensation for services	`ShareBasedCompensation`	-	USD	2 Qtrs
Common Stock issued as compensation for services	`ShareBasedCompensation`	$719.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-46.99K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-113.53K	USD	2 Qtrs
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-194.04K	USD	2 Qtrs
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-165.69K	USD	2 Qtrs
Accounts receivable - related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$84.36K	USD	2 Qtrs
Accounts receivable - related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	-	USD	2 Qtrs
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.30M	USD	2 Qtrs
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-977.57K	USD	2 Qtrs
Purchase of furniture and equipment	`PaymentsToAcquireFurnitureAndFixtures`	$6.22K	USD	2 Qtrs
Purchase of furniture and equipment	`PaymentsToAcquireFurnitureAndFixtures`	-	USD	2 Qtrs
Website development costs	`PaymentsToAcquireSoftware`	$77.53K	USD	2 Qtrs
Website development costs	`PaymentsToAcquireSoftware`	$90.03K	USD	2 Qtrs
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-77.53K	USD	2 Qtrs
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-96.25K	USD	2 Qtrs
Proceeds from the sale of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$1.20M	USD	2 Qtrs
Proceeds from the sale of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$1.51M	USD	2 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$110.47K	USD	2 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$141.27K	USD	2 Qtrs
Cash at beginning of period	`Cash`	$191.44K	USD	Point-in-time
Cash at beginning of period	`Cash`	$114.97K	USD	Point-in-time
Cash at beginning of period	`Cash`	$301.91K	USD	Point-in-time
Cash at beginning of period	`Cash`	$256.24K	USD	Point-in-time
Cash at end 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`	$301.91K	USD	Point-in-time
Cash at end of period	`Cash`	$256.24K	USD	Point-in-time
Interest paid in cash	`InterestPaidNet`	-	USD	2 Qtrs
Interest paid in cash	`InterestPaidNet`	-	USD	2 Qtrs
Income taxes paid in cash	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income taxes paid in cash	`IncomeTaxesPaid`	-	USD	2 Qtrs

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