10-K Filing

MEDIXALL GROUP, INC. CIK: 1601280 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001553350-21-000523`
Period End Date	20201231
Filing Date	20210617
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	mdxl-20201231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 30 Cash Flow Statement 56 Stockholders Equity 14

Balance Sheet 52 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`	$645.76K	USD	Point-in-time
Prepaid expenses- related party	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Prepaid expenses- related party	`PrepaidExpenseCurrent`	$480.00K	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	-	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$8.00K	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
Total current assets	`AssetsCurrent`	$1.13M	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$446.22K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	98.90M	shares	Point-in-time
Furniture and equipment, net	`PropertyPlantAndEquipmentNet`	$21.66K	USD	Point-in-time
Furniture and equipment, net	`PropertyPlantAndEquipmentNet`	$26.54K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	80.95M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	80.95M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	98.90M	shares	Point-in-time
Right-of-use-operating lease asset	`OperatingLeaseRightOfUseAsset`	$43.76K	USD	Point-in-time
Right-of-use-operating lease asset	`OperatingLeaseRightOfUseAsset`	$113.39K	USD	Point-in-time
Website and development costs	`IntangibleAssetsNetExcludingGoodwill`	$356.70K	USD	Point-in-time
Website and development costs	`IntangibleAssetsNetExcludingGoodwill`	$439.40K	USD	Point-in-time
Total assets	`Assets`	$937.98K	USD	Point-in-time
Total assets	`Assets`	$1.64M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$571.40K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$160.78K	USD	Point-in-time
Accounts payable and accrued expenses - related party	`AccountsPayableRelatedPartiesCurrent`	$477.23K	USD	Point-in-time
Accounts payable and accrued expenses - related party	`AccountsPayableRelatedPartiesCurrent`	$261.80K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$47.20K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$71.36K	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$25.37K	USD	Point-in-time
Note payable	`NotesPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$493.94K	USD	Point-in-time
Operating lease liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$46.28K	USD	Point-in-time
Operating lease liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Note payable, net of current portion	`LongTermNotesPayable`	-	USD	Point-in-time
Note payable, net of current portion	`LongTermNotesPayable`	$140.35K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.26M	USD	Point-in-time
Total liabilities	`Liabilities`	$540.22K	USD	Point-in-time
Common Stock, $0.001 par value 750,000,000 shares authorized; 98,898,130 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; 98,898,130 and 80,952,555 shares issued and outstanding	`CommonStockValue`	$98.90K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$19.86M	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`	$-19.58M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$381.90K	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 liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.64M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$937.98K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	Annual
Revenue	`Revenues`	$2.69K	USD	Annual
Professional fees	`ProfessionalFees`	$949.45K	USD	Annual
Professional fees	`ProfessionalFees`	$1.54M	USD	Annual
Professional fees - related party	`ProfessionalFeesRelatedParty`	$369.95K	USD	Annual
Professional fees - related party	`ProfessionalFeesRelatedParty`	$236.28K	USD	Annual
Management fees - related party	`ManagementFeeRelatedParty`	$480.00K	USD	Annual
Management fees - related party	`ManagementFeeRelatedParty`	$480.00K	USD	Annual
Personnel related expenses	`LaborAndRelatedExpense`	$1.37M	USD	Annual
Personnel related expenses	`LaborAndRelatedExpense`	$2.53M	USD	Annual
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$384.12K	USD	Annual
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$389.11K	USD	Annual
Provision for uncollectible accounts receivable - related party	`ProvisionForDoubtfulAccounts`	$623.58K	USD	Annual
Provision for uncollectible accounts receivable - related party	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$3.42M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$5.93M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.42M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.93M	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net Loss	`NetIncomeLoss`	$-3.42M	USD	Annual
Net Loss	`NetIncomeLoss`	$-5.93M	USD	Annual
Less: Preferred stock dividends	`DividendsPreferredStock`	$42.12K	USD	Annual
Less: Preferred stock dividends	`DividendsPreferredStock`	-	USD	Annual
Net loss to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-5.97M	USD	Annual
Net loss to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.42M	USD	Annual
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.07	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`	74.13M	shares	Annual
Weighted average number of common shares outstanding during the years - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	90.63M	shares	Annual

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.42M	USD	Annual
Net loss	`NetIncomeLoss`	$-5.93M	USD	Annual
Depreciation	`Depreciation`	$4.00K	USD	Annual
Depreciation	`Depreciation`	$4.00K	USD	Annual
Stock issued as compensation for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$643.25K	USD	Annual
Stock issued as compensation for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$1.66M	USD	Annual
Provision for uncollectible accounts receivable - related party	`ProvisionForDoubtfulAccounts`	$623.58K	USD	Annual
Provision for uncollectible accounts receivable - related party	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$8.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	Annual
Prepaid expenses- related party	`IncreaseDecreaseInPrepaidExpense`	$-160.59K	USD	Annual
Prepaid expenses- related party	`IncreaseDecreaseInPrepaidExpense`	$480.00K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$26.95K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$410.62K	USD	Annual
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$215.43K	USD	Annual
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$239.87K	USD	Annual
Amortization of right-of-use operating lease asset	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$69.64K	USD	Annual
Amortization of right-of-use operating lease asset	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$65.95K	USD	Annual
Operating lease liability	`IncreaseDecreaseInOperatingLiabilities`	$-70.44K	USD	Annual
Operating lease liability	`IncreaseDecreaseInOperatingLiabilities`	$-61.70K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.50M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.34M	USD	Annual
Advances to related party	`RepaymentsOfRelatedPartyDebt`	$623.58K	USD	Annual
Advances to related party	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Purchase of furniture and equipment	`PaymentsToAcquireFurnitureAndFixtures`	$10.50K	USD	Annual
Purchase of furniture and equipment	`PaymentsToAcquireFurnitureAndFixtures`	$8.87K	USD	Annual
Website development costs	`PaymentsToAcquireSoftware`	$82.70K	USD	Annual
Website development costs	`PaymentsToAcquireSoftware`	$5.25K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-715.15K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.74K	USD	Annual
Proceeds from the sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.60M	USD	Annual
Proceeds from the sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.61M	USD	Annual
Proceeds from the sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$1.64M	USD	Annual
Proceeds from the sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	Annual
Proceeds from note payable	`ProceedsFromNotesPayable`	$165.72K	USD	Annual
Proceeds from note payable	`ProceedsFromNotesPayable`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.60M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.42M	USD	Annual
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$199.54K	USD	Annual
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$244.71K	USD	Annual
Cash at beginning of year	`Cash`	$201.51K	USD	Point-in-time
Cash at beginning of year	`Cash`	$446.22K	USD	Point-in-time
Cash at beginning of year	`Cash`	$645.76K	USD	Point-in-time
Cash at end of year	`Cash`	$201.51K	USD	Point-in-time
Cash at end of year	`Cash`	$446.22K	USD	Point-in-time
Cash at end of year	`Cash`	$645.76K	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
Reclassification of stock compensation from other liabilities to common stock	`ReclassificationOfStockCompensationFromOtherLiabilitiesToCommonStock`	-	USD	Annual
Reclassification of stock compensation from other liabilities to common stock	`ReclassificationOfStockCompensationFromOtherLiabilitiesToCommonStock`	$30.00K	USD	Annual
Right-of-use asset obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$179.34K	USD	Annual
Right-of-use asset obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	Annual
Common stock issued to related party	`CommonStockIssuedToRelatedParties`	$1.00K	USD	Annual
Common stock issued to related party	`CommonStockIssuedToRelatedParties`	-	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$381.90K	USD	Point-in-time
Balance	`StockholdersEquity`	$397.76K	USD	Point-in-time
Balance	`StockholdersEquity`	$542.96K	USD	Point-in-time
Proceeds received from sale of common stock pursuant to Private Placement Memorandum, net of $0 offering costs	`StockIssuedDuringPeriodValueOther`	$2.60M	USD	Annual
Proceeds received from sale of common stock pursuant to Private Placement Memorandum, net of $0 offering costs	`StockIssuedDuringPeriodValueOther`	$2.61M	USD	Annual
Proceeds received from sale of Preferred Stock pursuant to Private Placement Memorandum, net of $0 offering costs	`ProceedsReceivedFromSaleOfPreferredStock`	$1.64M	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$1.66M	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$673.25K	USD	Annual
Common stock issued to related party	`CommonStockIssuedToRelatedParty`	-	USD	Annual
Net Loss	`NetIncomeLoss`	$-3.42M	USD	Annual
Net Loss	`NetIncomeLoss`	$-5.93M	USD	Annual
Balance	`StockholdersEquity`	$381.90K	USD	Point-in-time
Balance	`StockholdersEquity`	$397.76K	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.