10-Q Filing

MEDIXALL GROUP, INC. CIK: 1601280 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001553350-19-000758`
Period End Date	20190630
Filing Date	20190802
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	mdxl-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 50 Cash Flow Statement 48 Stockholders Equity 29

Balance Sheet 58 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`	$50.69K	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`	$44.88K	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
Accounts receivable - related party	`DueFromRelatedPartiesCurrent`	$160.59K	USD	Point-in-time
Common Stock, Par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$362.10K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$95.56K	USD	Point-in-time
Common Stock, Par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Furniture and equipment, net	`PropertyPlantAndEquipmentNet`	$15.16K	USD	Point-in-time
Furniture and equipment, net	`PropertyPlantAndEquipmentNet`	$17.09K	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
Common Stock, shares issued	`CommonStockSharesIssued`	69.64M	shares	Point-in-time
Right-of-use lease asset	`OperatingLeaseRightOfUseAsset`	$146.72K	USD	Point-in-time
Right-of-use lease asset	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	73.71M	shares	Point-in-time
Website and development costs	`CapitalizedComputerSoftwareNet`	$351.46K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	73.71M	shares	Point-in-time
Website and development costs	`CapitalizedComputerSoftwareNet`	$356.70K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	69.64M	shares	Point-in-time
Total Assets	`Assets`	$616.07K	USD	Point-in-time
Total Assets	`Assets`	$728.72K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$192.02K	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
Operating lease liability	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$66.97K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$185.76K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$280.92K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$82.45K	USD	Point-in-time
Total liabilities	`Liabilities`	$363.38K	USD	Point-in-time
Total liabilities	`Liabilities`	$185.76K	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; 73,705,054 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; 73,705,054 and 69,642,554 shares issued and outstanding	`CommonStockValue`	$73.70K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$11.82M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$10.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.64M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.23M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.77K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$531.44K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$153.52K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$252.70K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$602.42K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$542.96K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$616.07K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$728.72K	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$1.11K	USD	1 Quarter
Revenue	`Revenues`	$1.45K	USD	2 Qtrs
Revenue	`Revenues`	$1.17K	USD	2 Qtrs
Revenue	`Revenues`	$1.17K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$118.98K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$52.34K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$316.82K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$104.79K	USD	2 Qtrs
Professional fees - related party	`ProfessionalFeesRelatedParty`	$130.55K	USD	2 Qtrs
Professional fees - related party	`ProfessionalFeesRelatedParty`	$60.00K	USD	2 Qtrs
Professional fees - related party	`ProfessionalFeesRelatedParty`	$37.55K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$30.00K	USD	1 Quarter
Management fee - related party	`ManagementFeeRelatedParty`	$150.00K	USD	2 Qtrs
Management fee - related party	`ManagementFeeRelatedParty`	$75.00K	USD	1 Quarter
Management fee - related party	`ManagementFeeRelatedParty`	$240.00K	USD	2 Qtrs
Management fee - related party	`ManagementFeeRelatedParty`	$120.00K	USD	1 Quarter
Personnel related expenses	`LaborAndRelatedExpense`	$355.57K	USD	1 Quarter
Personnel related expenses	`LaborAndRelatedExpense`	$302.27K	USD	1 Quarter
Personnel related expenses	`LaborAndRelatedExpense`	$1.12M	USD	2 Qtrs
Personnel related expenses	`LaborAndRelatedExpense`	$557.05K	USD	2 Qtrs
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$171.79K	USD	2 Qtrs
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$190.56K	USD	2 Qtrs
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$104.33K	USD	1 Quarter
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$92.68K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$671.48K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$617.24K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.63M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$1.42M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.63M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.41M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-670.37K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-616.06K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.41M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-1.01M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-616.06K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.63M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-744.40K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-670.37K	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	2 Qtrs
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
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`	72.93M	shares	1 Quarter
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	71.98M	shares	2 Qtrs
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	64.67M	shares	1 Quarter
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63.25M	shares	2 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-1.41M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-1.01M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-616.06K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.63M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-744.40K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-670.37K	USD	1 Quarter
Depreciation	`Depreciation`	$2.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$2.00K	USD	2 Qtrs
Stock issued as compensation for services	`ShareBasedCompensation`	$95.00K	USD	2 Qtrs
Stock issued as compensation for services	`ShareBasedCompensation`	$719.00K	USD	2 Qtrs
Accounts receivable - related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-115.71K	USD	2 Qtrs
Accounts receivable - related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$84.36K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$58.20K	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`	-	USD	2 Qtrs
Right-of-use lease asset	`IncreaseDecreaseInRightOfUseAsset`	$32.62K	USD	2 Qtrs
Right-of-use lease asset	`IncreaseDecreaseInRightOfUseAsset`	-	USD	2 Qtrs
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$29.92K	USD	2 Qtrs
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.30M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.14M	USD	2 Qtrs
Purchase of furniture and equipment	`PaymentsToAcquireFurnitureAndFixtures`	$3.92K	USD	2 Qtrs
Purchase of furniture and equipment	`PaymentsToAcquireFurnitureAndFixtures`	$6.22K	USD	2 Qtrs
Website development costs	`PaymentsToAcquireSoftware`	$5.25K	USD	2 Qtrs
Website development costs	`PaymentsToAcquireSoftware`	$90.03K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-96.25K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.17K	USD	2 Qtrs
Proceeds from the sale of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$999.50K	USD	2 Qtrs
Proceeds from the sale of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$1.51M	USD	2 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-150.82K	USD	2 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$110.47K	USD	2 Qtrs
Cash at beginning of period	`Cash`	$201.51K	USD	Point-in-time
Cash at beginning of period	`Cash`	$191.44K	USD	Point-in-time
Cash at beginning of period	`Cash`	$301.91K	USD	Point-in-time
Cash at beginning of period	`Cash`	$50.69K	USD	Point-in-time
Cash at end of period	`Cash`	$201.51K	USD	Point-in-time
Cash at end of period	`Cash`	$191.44K	USD	Point-in-time
Cash at end of period	`Cash`	$301.91K	USD	Point-in-time
Cash at end of period	`Cash`	$50.69K	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
Reclassification of stock compensation from accounts payable and accrued expenses to common stock	`ReclassificationOfStockCompensationFromOtherLiabilitiesToCommonStock`	$30.00K	USD	2 Qtrs
Reclassification of stock compensation from accounts payable and accrued expenses to common stock	`ReclassificationOfStockCompensationFromOtherLiabilitiesToCommonStock`	-	USD	2 Qtrs
Right-of-use lease asset obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$179.34K	USD	2 Qtrs
Right-of-use lease asset obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	2 Qtrs

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Offering costs	`PaymentsOfStockIssuanceCosts`	$167.67K	USD	1 Quarter
Offering costs	`PaymentsOfStockIssuanceCosts`	$103.50K	USD	1 Quarter
Balance	`StockholdersEquity`	$5.77K	USD	Point-in-time
Balance	`StockholdersEquity`	$531.44K	USD	Point-in-time
Balance	`StockholdersEquity`	$153.52K	USD	Point-in-time
Balance	`StockholdersEquity`	$252.70K	USD	Point-in-time
Balance	`StockholdersEquity`	$602.42K	USD	Point-in-time
Balance	`StockholdersEquity`	$542.96K	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
Proceeds received pursuant to Private Placement Memorandum, net of offering costs	`StockIssuedDuringPeriodValueOther`	$391.63K	USD	1 Quarter
Proceeds received pursuant to Private Placement Memorandum, net of offering costs	`StockIssuedDuringPeriodValueOther`	$864.97K	USD	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$200.00K	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`	$-1.41M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-1.01M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-616.06K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.63M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-744.40K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-670.37K	USD	1 Quarter
Balance	`StockholdersEquity`	$5.77K	USD	Point-in-time
Balance	`StockholdersEquity`	$531.44K	USD	Point-in-time
Balance	`StockholdersEquity`	$153.52K	USD	Point-in-time
Balance	`StockholdersEquity`	$252.70K	USD	Point-in-time
Balance	`StockholdersEquity`	$602.42K	USD	Point-in-time
Balance	`StockholdersEquity`	$542.96K	USD	Point-in-time

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