10-K Filing

MEDIXALL GROUP, INC. CIK: 1601280 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001553350-19-000563`
Period End Date	20181231
Filing Date	20190516
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	mdxl-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 26 Cash Flow Statement 38 Stockholders Equity 15

Balance Sheet 50 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`	5.00M	shares	Point-in-time
Convertible Preferred Series A stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	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	`Cash`	$124.97K	USD	Point-in-time
Cash	`Cash`	$191.44K	USD	Point-in-time
Cash	`Cash`	$201.51K	USD	Point-in-time
Convertible Preferred Series A stock, shares outstanding	`PreferredStockSharesOutstanding`	264,894.00	shares	Point-in-time
Accounts receivable - related party	`AccountsReceivableRelatedPartiesCurrent`	$21.79K	USD	Point-in-time
Accounts receivable - related party	`AccountsReceivableRelatedPartiesCurrent`	$160.59K	USD	Point-in-time
Convertible Preferred Series A stock, shares outstanding	`PreferredStockSharesOutstanding`	264,894.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$362.10K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$213.23K	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
Furniture and equipment, net	`PropertyPlantAndEquipmentNet`	$15.16K	USD	Point-in-time
Furniture and equipment, net	`PropertyPlantAndEquipmentNet`	$11.02K	USD	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
Common Stock, shares issued	`CommonStockSharesIssued`	60.34M	shares	Point-in-time
Website and development costs	`IntangibleAssetsNetExcludingGoodwill`	$351.46K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	69.64M	shares	Point-in-time
Total assets	`Assets`	$388.12K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	60.34M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	69.64M	shares	Point-in-time
Total assets	`Assets`	$728.72K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$304.82K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$163.83K	USD	Point-in-time
Accounts payable and accrued expenses - related party	`AccountsPayableRelatedPartiesCurrent`	$21.93K	USD	Point-in-time
Accounts payable and accrued expenses - related party	`AccountsPayableRelatedPartiesCurrent`	$77.53K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$185.76K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$382.35K	USD	Point-in-time
Commitment and contingency (Notes 7 and 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitment and contingency (Notes 7 and 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Convertible Preferred Series A stock, $0.001 par value, 5,000,000 authorized; 264,894 issued and outstanding in 2018 and 2017	`PreferredStockValue`	$265.00	USD	Point-in-time
Convertible Preferred Series A stock, $0.001 par value, 5,000,000 authorized; 264,894 issued and outstanding in 2018 and 2017	`PreferredStockValue`	$265.00	USD	Point-in-time
Common Stock, $0.001 Par Value 750,000,000 shares authorized; 69,642,554 shares issued and outstanding in 2018 and 60,337,382 shares issued and outstanding in 2017	`CommonStockValue`	$60.34K	USD	Point-in-time
Common Stock, $0.001 Par Value 750,000,000 shares authorized; 69,642,554 shares issued and outstanding in 2018 and 60,337,382 shares issued and outstanding in 2017	`CommonStockValue`	$69.49K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$10.70M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.19M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.23M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$542.96K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.77K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-898.55K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$728.72K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$388.12K	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$22.23K	USD	Annual
Revenue	`Revenues`	$1.86K	USD	Annual
Professional fees	`ProfessionalFees`	$166.16K	USD	Annual
Professional fees	`ProfessionalFees`	$396.11K	USD	Annual
Professional fees - related party	`ProfessionalFeesRelatedParty`	$100.00K	USD	Annual
Professional fees - related party	`ProfessionalFeesRelatedParty`	$148.00K	USD	Annual
Management fee - related party	`ManagementFeeRelatedParty`	$305.00K	USD	Annual
Management fee - related party	`ManagementFeeRelatedParty`	$300.00K	USD	Annual
Personnel related expenses	`LaborAndRelatedExpense`	$836.62K	USD	Annual
Personnel related expenses	`LaborAndRelatedExpense`	$1.71M	USD	Annual
Impairment of website and development cost	`ImpairmentOfIntangibleAssetsFinitelived`	$86.67K	USD	Annual
Impairment of website and development cost	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	Annual
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$391.10K	USD	Annual
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$123.85K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$2.99M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$1.58M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.98M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.56M	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net Loss	`NetIncomeLoss`	$-1.56M	USD	Annual
Net Loss	`NetIncomeLoss`	$-2.98M	USD	Annual
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	Annual
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	Annual
Weighted average number of common shares outstanding during the years - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	54.84M	shares	Annual
Weighted average number of common shares outstanding during the years - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	65.01M	shares	Annual

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-1.56M	USD	Annual
Net Loss	`NetIncomeLoss`	$-2.98M	USD	Annual
Depreciation	`Depreciation`	$487.00	USD	Annual
Depreciation	`Depreciation`	$3.15K	USD	Annual
Common stock issued as compensation for services	`ShareBasedCompensation`	$997.76K	USD	Annual
Common stock issued as compensation for services	`ShareBasedCompensation`	-	USD	Annual
Common stock issued to settle legal matter	`CommonStockIssuedToSettleLegalMatter`	$6.00K	USD	Annual
Common stock issued to settle legal matter	`CommonStockIssuedToSettleLegalMatter`	-	USD	Annual
Impairment of website and development cost	`ImpairmentOfIntangibleAssetsFinitelived`	$86.67K	USD	Annual
Impairment of website and development cost	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-174.11K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-140.99K	USD	Annual
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-55.60K	USD	Annual
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-467.07K	USD	Annual
Accounts receivable - related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-21.79K	USD	Annual
Accounts receivable - related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-138.80K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.23M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.22M	USD	Annual
Purchase of furniture and equipment	`PaymentsToAcquireFurnitureAndFixtures`	$7.29K	USD	Annual
Purchase of furniture and equipment	`PaymentsToAcquireFurnitureAndFixtures`	$11.50K	USD	Annual
Website development costs	`PaymentsToAcquireSoftware`	$274.25K	USD	Annual
Website development costs	`PaymentsToAcquireSoftware`	$163.87K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-175.38K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-281.55K	USD	Annual
Proceeds from the sale of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$2.46M	USD	Annual
Proceeds from the sale of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$2.52M	USD	Annual
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$66.47K	USD	Annual
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.07K	USD	Annual
Cash at beginning of year	`Cash`	$124.97K	USD	Point-in-time
Cash at beginning of year	`Cash`	$191.44K	USD	Point-in-time
Cash at beginning of year	`Cash`	$201.51K	USD	Point-in-time
Cash at end of year	`Cash`	$124.97K	USD	Point-in-time
Cash at end of year	`Cash`	$191.44K	USD	Point-in-time
Cash at end of year	`Cash`	$201.51K	USD	Point-in-time
Cash paid during the year: Interest	`InterestPaidNet`	-	USD	Annual
Cash paid during the year: Interest	`InterestPaidNet`	-	USD	Annual
Cash paid during the year: Income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid during the year: Income taxes	`IncomeTaxesPaid`	-	USD	Annual

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Offering costs	`PaymentsOfStockIssuanceCosts`	$309.78K	USD	Annual
Offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	Annual
Balance	`StockholdersEquity`	$542.96K	USD	Point-in-time
Balance	`StockholdersEquity`	$5.77K	USD	Point-in-time
Balance	`StockholdersEquity`	$-898.55K	USD	Point-in-time
Proceeds received pursuant to Private Placement Memorandum, net of offering costs	`StockIssuedDuringPeriodValueOther`	$2.52M	USD	Annual
Proceeds received pursuant to Private Placement Memorandum, net of offering costs	`StockIssuedDuringPeriodValueOther`	$2.46M	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$997.76K	USD	Annual
Common stock issued to settle legal matter	`CommonStockIssuedToSettleLegalMatter`	$6.00K	USD	Annual
Common stock issued to settle legal matter	`CommonStockIssuedToSettleLegalMatter`	-	USD	Annual
Net Loss	`NetIncomeLoss`	$-1.56M	USD	Annual
Net Loss	`NetIncomeLoss`	$-2.98M	USD	Annual
Balance	`StockholdersEquity`	$542.96K	USD	Point-in-time
Balance	`StockholdersEquity`	$5.77K	USD	Point-in-time
Balance	`StockholdersEquity`	$-898.55K	USD	Point-in-time

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