10-Q Filing

MEDIXALL GROUP, INC. CIK: 1601280 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001553350-21-000624`
Period End Date	20210331
Filing Date	20210803
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	mdxl-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 28 Cash Flow Statement 36 Stockholders Equity 14

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$1.32M	USD	Point-in-time
Cash	`Cash`	$446.22K	USD	Point-in-time
Cash	`Cash`	$152.82K	USD	Point-in-time
Cash	`Cash`	$645.76K	USD	Point-in-time
Prepaid expenses - related party	`PrepaidExpenseCurrent`	$480.00K	USD	Point-in-time
Prepaid expenses - related party	`PrepaidExpenseCurrent`	$480.00K	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
Other assets	`OtherAssetsCurrent`	$8.00K	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$53.93K	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
Total current assets	`AssetsCurrent`	$1.85M	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Furniture and equipment, net	`PropertyPlantAndEquipmentNet`	$26.54K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	98.90M	shares	Point-in-time
Furniture and equipment, net	`PropertyPlantAndEquipmentNet`	$25.54K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	101.39M	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
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	101.39M	shares	Point-in-time
Right-of-use-operating lease asset	`OperatingLeaseRightOfUseAsset`	$25.52K	USD	Point-in-time
Website and development costs	`IntangibleAssetsNetExcludingGoodwill`	$439.40K	USD	Point-in-time
Website and development costs	`IntangibleAssetsNetExcludingGoodwill`	$439.40K	USD	Point-in-time
Total assets	`Assets`	$2.34M	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`	$653.43K	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`	$477.23K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$47.20K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$27.99K	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$25.37K	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$165.72K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.12M	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`	$1.32M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.26M	USD	Point-in-time
Common Stock, $0.001 par value 750,000,000 shares authorized; 101,385,680 and 98,898,130 shares issued and outstanding	`CommonStockValue`	$98.90K	USD	Point-in-time
Common Stock, $0.001 par value 750,000,000 shares authorized; 101,385,680 and 98,898,130 shares issued and outstanding	`CommonStockValue`	$101.39K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$19.86M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$21.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.58M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.91M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$397.76K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.02M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$381.90K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$91.49K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.64M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.34M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$3.27K	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$433.58K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$647.26K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$70.04K	USD	1 Quarter
Professional fees - related party	`ProfessionalFeesRelatedParty`	$37.50K	USD	1 Quarter
Management fees - related party	`ManagementFeeRelatedParty`	$120.00K	USD	1 Quarter
Management fees - related party	`ManagementFeeRelatedParty`	$120.00K	USD	1 Quarter
Personnel related expenses	`LaborAndRelatedExpense`	$961.49K	USD	1 Quarter
Personnel related expenses	`LaborAndRelatedExpense`	$601.55K	USD	1 Quarter
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$84.83K	USD	1 Quarter
Other selling, general and administrative	`OtherSellingGeneralAndAdministrativeExpense`	$110.40K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.34M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.85M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.33M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.85M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.85M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.33M	USD	1 Quarter
Less preferred stock dividends	`DividendsPreferredStock`	$46.97K	USD	1 Quarter
Less preferred stock dividends	`DividendsPreferredStock`	-	USD	1 Quarter
Net loss to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.38M	USD	1 Quarter
Net loss to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.85M	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 years - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	100.24M	shares	1 Quarter
Weighted average number of common shares outstanding during the years - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	84.67M	shares	1 Quarter

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.85M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.33M	USD	1 Quarter
Depreciation	`Depreciation`	$1.00K	USD	1 Quarter
Depreciation	`Depreciation`	$1.00K	USD	1 Quarter
Common stock issued as compensation for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	1 Quarter
Common stock issued as compensation for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$1.04M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$45.93K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$82.03K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$146.27K	USD	1 Quarter
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-123.95K	USD	1 Quarter
Accounts payable and accrued expenses - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	1 Quarter
Amortization of right-of-use operating lease asset	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$18.23K	USD	1 Quarter
Amortization of right-of-use operating lease asset	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$17.15K	USD	1 Quarter
Operating lease liability	`IncreaseDecreaseInOperatingLiabilities`	$-16.96K	USD	1 Quarter
Operating lease liability	`IncreaseDecreaseInOperatingLiabilities`	$-19.21K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-784.51K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.30M	USD	1 Quarter
Purchase of furniture and equipment	`PaymentsToAcquireFurnitureAndFixtures`	-	USD	1 Quarter
Purchase of furniture and equipment	`PaymentsToAcquireFurnitureAndFixtures`	$10.63K	USD	1 Quarter
Proceeds from the sale of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$621.88K	USD	1 Quarter
Proceeds from the sale of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$501.75K	USD	1 Quarter
Proceeds from the sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$1.34M	USD	1 Quarter
Proceeds from the sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.97M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$501.75K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-293.40K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$670.70K	USD	1 Quarter
Cash at beginning of period	`Cash`	$1.32M	USD	Point-in-time
Cash at beginning of period	`Cash`	$446.22K	USD	Point-in-time
Cash at beginning of period	`Cash`	$152.82K	USD	Point-in-time
Cash at beginning of period	`Cash`	$645.76K	USD	Point-in-time
Cash at end of period	`Cash`	$1.32M	USD	Point-in-time
Cash at end of period	`Cash`	$446.22K	USD	Point-in-time
Cash at end of period	`Cash`	$152.82K	USD	Point-in-time
Cash at end of period	`Cash`	$645.76K	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$397.76K	USD	Point-in-time
Balance	`StockholdersEquity`	$1.02M	USD	Point-in-time
Balance	`StockholdersEquity`	$381.90K	USD	Point-in-time
Balance	`StockholdersEquity`	$91.49K	USD	Point-in-time
Proceeds received pursuant to Private Placement Memorandum, net of $0 offering costs (unaudited)	`StockIssuedDuringPeriodValueOther`	$621.88K	USD	1 Quarter
Proceeds received pursuant to Private Placement Memorandum, net of $0 offering costs (unaudited)	`StockIssuedDuringPeriodValueOther`	$501.75K	USD	1 Quarter
Proceeds received from sale of Preferred Stock (unaudited)	`ProceedsReceivedFromSaleOfPreferredStock`	$1.34M	USD	1 Quarter
Common stock issued for services (unaudited)	`StockIssuedDuringPeriodValueIssuedForServices`	$1.04M	USD	1 Quarter
Net loss (unaudited)	`NetIncomeLoss`	$-1.85M	USD	1 Quarter
Net loss (unaudited)	`NetIncomeLoss`	$-1.33M	USD	1 Quarter
Balance	`StockholdersEquity`	$397.76K	USD	Point-in-time
Balance	`StockholdersEquity`	$1.02M	USD	Point-in-time
Balance	`StockholdersEquity`	$381.90K	USD	Point-in-time
Balance	`StockholdersEquity`	$91.49K	USD	Point-in-time

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