10-Q Filing

MEDIXALL GROUP, INC. CIK: 1601280 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001553350-19-000609`
Period End Date	20190331
Filing Date	20190530
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	mdxl-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 24 Cash Flow Statement 44 Stockholders Equity 16

Balance Sheet 56 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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$60.15K	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`	$201.51K	USD	Point-in-time
Accounts receivable - related party	`DueFromRelatedPartiesCurrent`	$283.88K	USD	Point-in-time
Convertible Preferred Series A stock, shares outstanding	`PreferredStockSharesOutstanding`	264,894.00	shares	Point-in-time
Accounts receivable - related party	`DueFromRelatedPartiesCurrent`	$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`	$344.03K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$362.10K	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
Furniture and equipment, net	`PropertyPlantAndEquipmentNet`	$18.09K	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
Furniture and equipment, net	`PropertyPlantAndEquipmentNet`	$15.16K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	69.64M	shares	Point-in-time
Right -of-use-asset	`OperatingLeaseRightOfUseAsset`	$163.14K	USD	Point-in-time
Right -of-use-asset	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	72.23M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	69.64M	shares	Point-in-time
Website and development costs	`CapitalizedComputerSoftwareNet`	$351.46K	USD	Point-in-time
Website and development costs	`CapitalizedComputerSoftwareNet`	$356.70K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	72.23M	shares	Point-in-time
Total Assets	`Assets`	$881.96K	USD	Point-in-time
Total Assets	`Assets`	$728.72K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$164.10K	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`	$21.93K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$186.03K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$185.76K	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityNoncurrent`	$164.49K	USD	Point-in-time
Total liabilities	`Liabilities`	$185.76K	USD	Point-in-time
Total liabilities	`Liabilities`	$350.52K	USD	Point-in-time
Commitment and contingencies (Notes 1 and 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitment and contingencies (Notes 1 and 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Convertible Preferred Series A stock, $0.001 par value, 5,000,000 authorized; 264,894 issued and outstanding	`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	`PreferredStockValue`	$265.00	USD	Point-in-time
Common Stock, $0.001 Par Value 750,000,000 shares authorized; 72,233,554 and 69,642,554 shares issued and outstanding	`CommonStockValue`	$69.64K	USD	Point-in-time
Common Stock, $0.001 Par Value 750,000,000 shares authorized; 72,233,554 and 69,642,554 shares issued and outstanding	`CommonStockValue`	$72.23K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$11.43M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$10.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.97M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.23M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$531.44K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$542.96K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$153.52K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.77K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$728.72K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$881.96K	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	$332.00	USD	1 Quarter
Professional fees	`ProfessionalFees`	$197.84K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$52.45K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$30.00K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$93.00K	USD	1 Quarter
Management fee - related party	`ManagementFeeRelatedParty`	$120.00K	USD	1 Quarter
Management fee - related party	`ManagementFeeRelatedParty`	$75.00K	USD	1 Quarter
Personnel related expenses	`LaborAndRelatedExpense`	$254.78K	USD	1 Quarter
Personnel related expenses	`LaborAndRelatedExpense`	$768.17K	USD	1 Quarter
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$79.11K	USD	1 Quarter
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$86.24K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$744.73K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.01M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-744.40K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.01M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-744.40K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.01M	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
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`	71.01M	shares	1 Quarter
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	61.80M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-744.40K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.01M	USD	1 Quarter
Depreciation	`Depreciation`	$1.00K	USD	1 Quarter
Depreciation	`Depreciation`	$1.00K	USD	1 Quarter
Stock issued as compensation for services	`ShareBasedCompensation`	$519.00K	USD	1 Quarter
Stock issued as compensation for services	`ShareBasedCompensation`	$95.00K	USD	1 Quarter
Accounts receivable - related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	-	USD	1 Quarter
Accounts receivable - related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$123.29K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$43.15K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$30.27K	USD	1 Quarter
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-154.90K	USD	1 Quarter
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	1 Quarter
Right-of-use asset	`IncreaseDecreaseInRightOfUseAsset`	$16.20K	USD	1 Quarter
Right-of-use asset	`IncreaseDecreaseInRightOfUseAsset`	-	USD	1 Quarter
Lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	-	USD	1 Quarter
Lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$14.85K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-603.61K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-740.06K	USD	1 Quarter
Purchase of furniture and equipment	`PaymentsToAcquireFurnitureAndFixtures`	$3.92K	USD	1 Quarter
Purchase of furniture and equipment	`PaymentsToAcquireFurnitureAndFixtures`	$5.93K	USD	1 Quarter
Website development costs	`PaymentsToAcquireSoftware`	$5.25K	USD	1 Quarter
Website development costs	`PaymentsToAcquireSoftware`	$35.58K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.17K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-41.52K	USD	1 Quarter
Proceeds from the sale of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$640.61K	USD	1 Quarter
Proceeds from the sale of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$607.87K	USD	1 Quarter
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.51K	USD	1 Quarter
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-141.36K	USD	1 Quarter
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 beginning of period	`Cash`	$60.15K	USD	Point-in-time
Cash at beginning of period	`Cash`	$201.51K	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
Cash at end of period	`Cash`	$60.15K	USD	Point-in-time
Cash at end of period	`Cash`	$201.51K	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
Reclassification of stock compensation from other liabilities to common stock	`ReclassificationOfStockCompensationFromOtherLiabilitiesToCommonStock`	-	USD	1 Quarter
Reclassification of stock compensation from other liabilities to common stock	`ReclassificationOfStockCompensationFromOtherLiabilitiesToCommonStock`	$30.00K	USD	1 Quarter
Right-of-use asset obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$179.34K	USD	1 Quarter
Right-of-use asset obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Offering costs	`PaymentsOfStockIssuanceCosts`	$103.50K	USD	1 Quarter
Offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Balance	`StockholdersEquity`	$531.44K	USD	Point-in-time
Balance	`StockholdersEquity`	$542.96K	USD	Point-in-time
Balance	`StockholdersEquity`	$153.52K	USD	Point-in-time
Balance	`StockholdersEquity`	$5.77K	USD	Point-in-time
Proceeds received pursuant to Private Placement Memorandum, net of offering costs	`StockIssuedDuringPeriodValueOther`	$640.61K	USD	1 Quarter
Proceeds received pursuant to Private Placement Memorandum, net of offering costs	`StockIssuedDuringPeriodValueOther`	$607.87K	USD	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$519.00K	USD	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$125.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-744.40K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.01M	USD	1 Quarter
Balance	`StockholdersEquity`	$531.44K	USD	Point-in-time
Balance	`StockholdersEquity`	$542.96K	USD	Point-in-time
Balance	`StockholdersEquity`	$153.52K	USD	Point-in-time
Balance	`StockholdersEquity`	$5.77K	USD	Point-in-time

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