10-Q Filing

MEDIXALL GROUP, INC. CIK: 1601280 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001553350-20-001033`
Period End Date	20200930
Filing Date	20201117
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	mdxl-20200930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 52 Cash Flow Statement 58 Stockholders Equity 42

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$201.51K	USD	Point-in-time
Cash	`Cash`	$446.22K	USD	Point-in-time
Cash	`Cash`	$50.71K	USD	Point-in-time
Cash	`Cash`	$519.45K	USD	Point-in-time
Prepaid expenses - related party	`PrepaidExpenseCurrent`	$297.63K	USD	Point-in-time
Prepaid expenses - related party	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$817.08K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$446.22K	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`	$27.54K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Furniture and equipment, net	`PropertyPlantAndEquipmentNet`	$21.66K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	80.95M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	95.81M	shares	Point-in-time
Right-of-use operating lease asset	`OperatingLeaseRightOfUseAsset`	$113.39K	USD	Point-in-time
Right-of-use operating lease asset	`OperatingLeaseRightOfUseAsset`	$61.42K	USD	Point-in-time
Website and development costs	`CapitalizedComputerSoftwareNet`	$356.70K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	80.95M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	95.81M	shares	Point-in-time
Website and development costs	`CapitalizedComputerSoftwareNet`	$427.46K	USD	Point-in-time
Total assets	`Assets`	$937.98K	USD	Point-in-time
Total assets	`Assets`	$1.33M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$160.78K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$348.49K	USD	Point-in-time
Accounts payable and accrued expenses - related party	`AccountsPayableRelatedPartiesCurrent`	$19.93K	USD	Point-in-time
Accounts payable and accrued expenses - related party	`AccountsPayableRelatedPartiesCurrent`	$261.80K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$71.36K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$65.46K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$493.94K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$433.88K	USD	Point-in-time
Operating lease liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Operating lease liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$46.28K	USD	Point-in-time
Long term debt	`LongTermLoansFromBank`	-	USD	Point-in-time
Long term debt	`LongTermLoansFromBank`	$165.72K	USD	Point-in-time
Total liabilities	`Liabilities`	$599.60K	USD	Point-in-time
Total liabilities	`Liabilities`	$540.22K	USD	Point-in-time
Common Stock, $0.001 par value 750,000,000 shares authorized; 95,807,930 and 80,952,555 shares issued and outstanding	`CommonStockValue`	$80.95K	USD	Point-in-time
Common Stock, $0.001 par value 750,000,000 shares authorized; 95,807,930 and 80,952,555 shares issued and outstanding	`CommonStockValue`	$95.81K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$18.25M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$13.97M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.65M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.61M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$197.16K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$512.48K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$91.49K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$733.91K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$397.76K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$542.96K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$252.70K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$531.44K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$937.98K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.33M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	$2.25K	USD	3 Qtrs
Revenue	`Revenues`	$807.00	USD	1 Quarter
Revenue	`Revenues`	-	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$448.81K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$241.45K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$131.99K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$1.15M	USD	3 Qtrs
Professional fees - related party	`ProfessionalFeesRelatedParty`	$186.28K	USD	3 Qtrs
Professional fees - related party	`ProfessionalFeesRelatedParty`	$245.05K	USD	3 Qtrs
Professional fees - related party	`ProfessionalFeesRelatedParty`	$55.73K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$104.05K	USD	1 Quarter
Management fee - related party	`ManagementFeeRelatedParty`	$120.00K	USD	1 Quarter
Management fee - related party	`ManagementFeeRelatedParty`	$360.00K	USD	3 Qtrs
Management fee - related party	`ManagementFeeRelatedParty`	$120.00K	USD	1 Quarter
Management fee - related party	`ManagementFeeRelatedParty`	$360.00K	USD	3 Qtrs
Personnel related expenses	`LaborAndRelatedExpense`	$2.00M	USD	3 Qtrs
Personnel related expenses	`LaborAndRelatedExpense`	$428.63K	USD	1 Quarter
Personnel related expenses	`LaborAndRelatedExpense`	$311.56K	USD	1 Quarter
Personnel related expenses	`LaborAndRelatedExpense`	$868.60K	USD	3 Qtrs
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$96.42K	USD	1 Quarter
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$214.32K	USD	3 Qtrs
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$72.49K	USD	1 Quarter
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$268.20K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$966.63K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$715.68K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$3.96M	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$2.13M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.96M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-714.88K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.13M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-966.63K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-670.37K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-2.13M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-1.85M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.15M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-966.63K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-744.40K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-3.96M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-714.88K	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`	$-0.03	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`	$-0.04	USD	3 Qtrs
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	93.51M	shares	1 Quarter
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	72.87M	shares	3 Qtrs
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	74.64M	shares	1 Quarter
Weighted average number of common shares outstanding during the periods - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	88.66M	shares	3 Qtrs

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-670.37K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-2.13M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-1.85M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.15M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-966.63K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-744.40K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-3.96M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-714.88K	USD	1 Quarter
Depreciation	`Depreciation`	$3.00K	USD	3 Qtrs
Depreciation	`Depreciation`	$3.00K	USD	3 Qtrs
Stock issued as compensation for services	`ShareBasedCompensation`	$121.33K	USD	3 Qtrs
Stock issued as compensation for services	`ShareBasedCompensation`	$1.51M	USD	3 Qtrs
Accounts receivable - related party	`IncreaseDecreaseInPrepaidExpense`	$297.63K	USD	3 Qtrs
Accounts receivable - related party	`IncreaseDecreaseInPrepaidExpense`	$-160.59K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$51.17K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$187.71K	USD	3 Qtrs
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$20.32K	USD	3 Qtrs
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-241.87K	USD	3 Qtrs
Right-of-use operating lease asset	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$49.05K	USD	3 Qtrs
Right-of-use operating lease asset	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$51.97K	USD	3 Qtrs
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$44.99K	USD	3 Qtrs
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$52.18K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.77M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.80M	USD	3 Qtrs
Purchase of furniture and equipment	`PaymentsToAcquireFurnitureAndFixtures`	$8.88K	USD	3 Qtrs
Purchase of furniture and equipment	`PaymentsToAcquireFurnitureAndFixtures`	$8.87K	USD	3 Qtrs
Website development costs	`PaymentsToAcquireSoftware`	$70.76K	USD	3 Qtrs
Website development costs	`PaymentsToAcquireSoftware`	$5.25K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.13K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-79.63K	USD	3 Qtrs
Proceeds from the sale of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$2.01M	USD	3 Qtrs
Proceeds from the sale of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$1.63M	USD	3 Qtrs
Proceeds from the sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	3 Qtrs
Proceeds from the sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$777.56K	USD	3 Qtrs
Proceeds from long term debt	`ProceedsFromIssuanceOfOtherLongTermDebt`	$165.72K	USD	3 Qtrs
Proceeds from long term debt	`ProceedsFromIssuanceOfOtherLongTermDebt`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.95M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.63M	USD	3 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-150.80K	USD	3 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$73.23K	USD	3 Qtrs
Cash at beginning of period	`Cash`	$201.51K	USD	Point-in-time
Cash at beginning of period	`Cash`	$446.22K	USD	Point-in-time
Cash at beginning of period	`Cash`	$50.71K	USD	Point-in-time
Cash at beginning of period	`Cash`	$519.45K	USD	Point-in-time
Cash at end of period	`Cash`	$201.51K	USD	Point-in-time
Cash at end of period	`Cash`	$446.22K	USD	Point-in-time
Cash at end of period	`Cash`	$50.71K	USD	Point-in-time
Cash at end of period	`Cash`	$519.45K	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
Reclassification of stock compensation from other liabilities to common stock	`ReclassificationOfStockCompensationFromOtherLiabilitiesToCommonStock`	-	USD	3 Qtrs
Reclassification of stock compensation from other liabilities to common stock	`ReclassificationOfStockCompensationFromOtherLiabilitiesToCommonStock`	$30.00K	USD	3 Qtrs
Right-of-use asset obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	3 Qtrs
Right-of-use asset obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$179.34K	USD	3 Qtrs
Common stock issued to related party	`StockIssued1`	-	USD	3 Qtrs
Common stock issued to related party	`StockIssued1`	$1.00K	USD	3 Qtrs

Stockholders Equity 42 line items

Line Item	Tag	Value	Unit	Period
Offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Offering costs	`PaymentsOfStockIssuanceCosts`	$3.00K	USD	1 Quarter
Offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Balance	`StockholdersEquity`	$197.16K	USD	Point-in-time
Balance	`StockholdersEquity`	$512.48K	USD	Point-in-time
Balance	`StockholdersEquity`	$91.49K	USD	Point-in-time
Balance	`StockholdersEquity`	$733.91K	USD	Point-in-time
Balance	`StockholdersEquity`	$397.76K	USD	Point-in-time
Balance	`StockholdersEquity`	$542.96K	USD	Point-in-time
Balance	`StockholdersEquity`	$252.70K	USD	Point-in-time
Balance	`StockholdersEquity`	$531.44K	USD	Point-in-time
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`	$501.75K	USD	1 Quarter
Proceeds received pursuant to Private Placement Memorandum, net of offering costs	`StockIssuedDuringPeriodValueOther`	$910.50K	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`	$597.00K	USD	1 Quarter
Proceeds received pursuant to Private Placement Memorandum, net of offering costs	`StockIssuedDuringPeriodValueOther`	$633.00K	USD	1 Quarter
Proceeds received from sale of Preferred Stock	`StockIssuedDuringPeriodValueNewIssues`	$277.56K	USD	1 Quarter
Proceeds received from sale of Preferred Stock	`StockIssuedDuringPeriodValueNewIssues`	$500.00K	USD	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$125.00K	USD	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$26.33K	USD	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$1.04M	USD	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$470.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-670.37K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-2.13M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-1.85M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.15M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-966.63K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-744.40K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-3.96M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-714.88K	USD	1 Quarter
Balance	`StockholdersEquity`	$197.16K	USD	Point-in-time
Balance	`StockholdersEquity`	$512.48K	USD	Point-in-time
Balance	`StockholdersEquity`	$91.49K	USD	Point-in-time
Balance	`StockholdersEquity`	$733.91K	USD	Point-in-time
Balance	`StockholdersEquity`	$397.76K	USD	Point-in-time
Balance	`StockholdersEquity`	$542.96K	USD	Point-in-time
Balance	`StockholdersEquity`	$252.70K	USD	Point-in-time
Balance	`StockholdersEquity`	$531.44K	USD	Point-in-time

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