10-Q Filing

MEDIXALL GROUP, INC. CIK: 1601280 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001553350-18-001232`
Period End Date	20180930
Filing Date	20181114
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	mdxl-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 48 Cash Flow Statement 36

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`	$19.47K	USD	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 issued	`PreferredStockSharesIssued`	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
Convertible Preferred Series A stock, shares outstanding	`PreferredStockSharesOutstanding`	264,894.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$19.47K	USD	Point-in-time
Common Stock, Par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Furniture and equipment, net	`PropertyPlantAndEquipmentNet`	$15.65K	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
Common Stock, shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Website and development costs	`CapitalizedComputerSoftwareNet`	$163.87K	USD	Point-in-time
Website and development costs	`CapitalizedComputerSoftwareNet`	$405.93K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Total Assets	`Assets`	$367.75K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	59.22M	shares	Point-in-time
Total Assets	`Assets`	$441.05K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	65.07M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	59.22M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	65.07M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$279.42K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$320.70K	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`	$208.18K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$592.28K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$487.59K	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; 65,067,312 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; 65,067,312 and 59,222,382 shares issued and outstanding	`CommonStockValue`	$65.07K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.05M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$9.59M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.34M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-224.53K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-46.54K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$367.75K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$441.05K	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$1.54K	USD	3 Qtrs
Revenue	`Revenues`	$10.08K	USD	3 Qtrs
Revenue	`Revenues`	$10.08K	USD	1 Quarter
Revenue	`Revenues`	$372.00	USD	1 Quarter
Professional fees	`ProfessionalFees`	$274.24K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$11.97K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$188.16K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$169.45K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$78.50K	USD	3 Qtrs
Professional fees - related party	`ProfessionalFeesRelatedParty`	$15.00K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$18.50K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$75.00K	USD	3 Qtrs
Management fee - related party	`ManagementFeeRelatedParty`	$75.00K	USD	1 Quarter
Management fee - related party	`ManagementFeeRelatedParty`	$75.00K	USD	1 Quarter
Management fee - related party	`ManagementFeeRelatedParty`	$225.00K	USD	3 Qtrs
Management fee - related party	`ManagementFeeRelatedParty`	$230.00K	USD	3 Qtrs
Personnel related expenses	`LaborAndRelatedExpense`	$1.47M	USD	3 Qtrs
Personnel related expenses	`LaborAndRelatedExpense`	$532.58K	USD	3 Qtrs
Personnel related expenses	`LaborAndRelatedExpense`	$200.31K	USD	1 Quarter
Personnel related expenses	`LaborAndRelatedExpense`	$350.55K	USD	1 Quarter
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$89.52K	USD	3 Qtrs
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$125.54K	USD	1 Quarter
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$316.11K	USD	3 Qtrs
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$48.07K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$735.54K	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`	$2.36M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.36M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-343.78K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.11M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-735.17K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-343.78K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-735.17K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-2.36M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-1.11M	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`	$-0.01	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	3 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	3 Qtrs
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`	64.66M	shares	1 Quarter
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	52.10M	shares	3 Qtrs
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	62.98M	shares	3 Qtrs

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-343.78K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-735.17K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-2.36M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-1.11M	USD	3 Qtrs
Depreciation	`Depreciation`	-	USD	3 Qtrs
Depreciation	`Depreciation`	$3.00K	USD	3 Qtrs
Common stock issued as compensation for services	`ShareBasedCompensation`	-	USD	3 Qtrs
Common stock issued as compensation for services	`ShareBasedCompensation`	$928.02K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-94.78K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-41.29K	USD	3 Qtrs
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-63.40K	USD	3 Qtrs
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-374.43K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.58M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.54M	USD	3 Qtrs
Purchase of furniture and equipment	`PaymentsToAcquireFurnitureAndFixtures`	$6.22K	USD	3 Qtrs
Purchase of furniture and equipment	`PaymentsToAcquireFurnitureAndFixtures`	$10.34K	USD	3 Qtrs
Website development costs	`PaymentsToAcquireSoftware`	$100.69K	USD	3 Qtrs
Website development costs	`PaymentsToAcquireSoftware`	$242.05K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-248.28K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-111.03K	USD	3 Qtrs
Proceeds from the sale of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$1.78M	USD	3 Qtrs
Proceeds from the sale of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$1.61M	USD	3 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-171.97K	USD	3 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$90.23K	USD	3 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`	$205.20K	USD	Point-in-time
Cash at beginning of period	`Cash`	$19.47K	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`	$205.20K	USD	Point-in-time
Cash at end of period	`Cash`	$19.47K	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

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