10-Q Filing

MITESCO, INC. CIK: 802257 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001575705-13-000003`
Period End Date	20130630
Filing Date	20130814
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	tntyob-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 48 Cash Flow Statement 51 Stockholders Equity 17

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Common stock par value	`CommonStockAdditionalSeriesParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock par value	`CommonStockAdditionalSeriesParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$13.72K	USD	Point-in-time
Cash	`Cash`	$2.36M	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$1.61K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$26.70K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	46.59M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	36.13M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	46.59M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$15.34K	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	36.13M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.38M	USD	Point-in-time
Fixtures and equipment	`FixturesAndEquipmentGross`	$178.35K	USD	Point-in-time
Fixtures and equipment	`FixturesAndEquipmentGross`	$198.96K	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$-125.62K	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$-144.85K	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$54.11K	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$52.73K	USD	Point-in-time
Costs incurred	`CapitalizedComputerSoftwareGross`	$3.11M	USD	Point-in-time
Costs incurred	`CapitalizedComputerSoftwareGross`	$3.38M	USD	Point-in-time
Less accumulated amortization	`CapitalizedComputerSoftwareAccumulatedAmortization`	$-2.70M	USD	Point-in-time
Less accumulated amortization	`CapitalizedComputerSoftwareAccumulatedAmortization`	$-2.46M	USD	Point-in-time
Capitalized software development costs	`CapitalizedComputerSoftwareNet`	$680.92K	USD	Point-in-time
Capitalized software development costs	`CapitalizedComputerSoftwareNet`	$650.95K	USD	Point-in-time
Debt issuance costs	`UnamortizedDebtIssuanceExpense`	$60.30K	USD	Point-in-time
Debt issuance costs	`UnamortizedDebtIssuanceExpense`	$40.47K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.16M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$779.32K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$619.30K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$359.73K	USD	Point-in-time
Accrued interest and other liabilities	`AccruedLiabilitiesCurrent`	$133.24K	USD	Point-in-time
Accrued interest and other liabilities	`AccruedLiabilitiesCurrent`	$137.43K	USD	Point-in-time
Notes payable-related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$70.76K	USD	Point-in-time
Notes payable-related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$8.87K	USD	Point-in-time
Convertible note payable	`ConvertibleNotesPayableCurrent`	$49.02K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$28.27K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$386.78K	USD	Point-in-time
Deferred rent, current portion	`DeferredRentCreditCurrent`	$5.91K	USD	Point-in-time
Deferred rent, current portion	`DeferredRentCreditCurrent`	$845.00	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$906.50K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$893.66K	USD	Point-in-time
Debentures Series A and B, carrying value	`ConvertibleDebtNoncurrent`	$882.85K	USD	Point-in-time
Debentures Series A and B, carrying value	`ConvertibleDebtNoncurrent`	$776.01K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$776.01K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$882.85K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.78M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.68M	USD	Point-in-time
Common stock, $0.001 par value - 50,000,000 shares authorized, 37,020,197 and 36,131,432	`CommonStockValue`	$3.61K	USD	Point-in-time
Common stock, $0.001 par value - 50,000,000 shares authorized, 37,020,197 and 36,131,432	`CommonStockValue`	$4.66K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$12.32M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$8.44M	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.30K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.52K	USD	Point-in-time
Accumulated Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$-10.95M	USD	Point-in-time
Accumulated Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$-9.34M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.38M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-903.19K	USD	Point-in-time
TOTAL LIABILTIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$779.32K	USD	Point-in-time
TOTAL LIABILTIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$3.16M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$32.95K	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$59.63K	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$43.70K	USD	2 Qtrs
Net Sales	`SalesRevenueNet`	$84.50K	USD	2 Qtrs
Costofsales	`CostOfGoodsSold`	$16.99K	USD	2 Qtrs
Costofsales	`CostOfGoodsSold`	$4.62K	USD	1 Quarter
Costofsales	`CostOfGoodsSold`	$9.49K	USD	1 Quarter
Costofsales	`CostOfGoodsSold`	$10.88K	USD	2 Qtrs
GrossProfit	`GrossProfit`	$32.83K	USD	2 Qtrs
GrossProfit	`GrossProfit`	$23.45K	USD	1 Quarter
GrossProfit	`GrossProfit`	$67.51K	USD	2 Qtrs
GrossProfit	`GrossProfit`	$55.01K	USD	1 Quarter
Researchanddevelopment	`ResearchAndDevelopmentExpense`	$612.15K	USD	2 Qtrs
Researchanddevelopment	`ResearchAndDevelopmentExpense`	$837.26K	USD	2 Qtrs
Researchanddevelopment	`ResearchAndDevelopmentExpense`	$273.99K	USD	1 Quarter
Researchanddevelopment	`ResearchAndDevelopmentExpense`	$483.43K	USD	1 Quarter
Selling,generalandadministrative	`GeneralAndAdministrativeExpense`	$634.49K	USD	2 Qtrs
Selling,generalandadministrative	`GeneralAndAdministrativeExpense`	$593.88K	USD	2 Qtrs
Selling,generalandadministrative	`GeneralAndAdministrativeExpense`	$280.83K	USD	1 Quarter
Selling,generalandadministrative	`GeneralAndAdministrativeExpense`	$321.64K	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$805.07K	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$554.82K	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$1.21M	USD	2 Qtrs
OperatingExpenses	`OperatingExpenses`	$1.47M	USD	2 Qtrs
LossFromOperations	`PercentageRent`	$-1.40M	USD	2 Qtrs
LossFromOperations	`PercentageRent`	$-750.06K	USD	1 Quarter
LossFromOperations	`PercentageRent`	$-531.37K	USD	1 Quarter
LossFromOperations	`PercentageRent`	$-1.17M	USD	2 Qtrs
Interest Paid	`InterestExpense`	$-86.05K	USD	1 Quarter
Interest Paid	`InterestExpense`	$40.00K	USD	2 Qtrs
NetLoss	`NetIncomeLoss`	$-531.37K	USD	1 Quarter
NetLoss	`NetIncomeLoss`	$-1.61M	USD	2 Qtrs
NetLoss	`NetIncomeLoss`	$-1.17M	USD	2 Qtrs
NetLoss	`NetIncomeLoss`	$-836.10K	USD	1 Quarter
Foreigncurrencytranslationadjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	$6.78K	USD	2 Qtrs
Foreigncurrencytranslationadjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	$3.25K	USD	1 Quarter
ComprehensiveLoss	`ComprehensiveIncomeNetOfTax`	$-1.17M	USD	2 Qtrs
ComprehensiveLoss	`ComprehensiveIncomeNetOfTax`	$-531.37K	USD	1 Quarter
ComprehensiveLoss	`ComprehensiveIncomeNetOfTax`	$-1.60M	USD	2 Qtrs
ComprehensiveLoss	`ComprehensiveIncomeNetOfTax`	$-832.85K	USD	1 Quarter
NetLossperShare-BasicandDiluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	1 Quarter
NetLossperShare-BasicandDiluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.04	USD	2 Qtrs
NetLossperShare-BasicandDiluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	1 Quarter
NetLossperShare-BasicandDiluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.03	USD	2 Qtrs
WeightedAverageNumberofShares-BasicandDiluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	38.93M	shares	2 Qtrs
WeightedAverageNumberofShares-BasicandDiluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	34.68M	shares	1 Quarter
WeightedAverageNumberofShares-BasicandDiluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	34.05M	shares	2 Qtrs
WeightedAverageNumberofShares-BasicandDiluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	41.41M	shares	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-531.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.61M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.17M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-836.10K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$489.92K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$253.05K	USD	2 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$193.33K	USD	2 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$55.41K	USD	2 Qtrs
Accretion for debt discounts and issuance costs	`AccretionExpense`	$137.50K	USD	2 Qtrs
Shares issued as a conversion of payables	`SharesIssuedAsAConversionOfPayables`	$57.50K	USD	2 Qtrs
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$31.14K	USD	2 Qtrs
Change in Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.80K	USD	2 Qtrs
Change in Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-25.09K	USD	2 Qtrs
Change in Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-37.82K	USD	2 Qtrs
Change in Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-259.58K	USD	2 Qtrs
Change in Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-38.31K	USD	2 Qtrs
Change in Accrued interest and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$4.20K	USD	2 Qtrs
Change in Accrued interest and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-198.41K	USD	2 Qtrs
Change in Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$15.19K	USD	2 Qtrs
Change in Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$358.52K	USD	2 Qtrs
Change in Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-5.07K	USD	2 Qtrs
Change in Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-5.07K	USD	2 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-901.08K	USD	2 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-864.04K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$-20.61K	USD	2 Qtrs
Deposits for merger	`DepositsForMerger`	$-150.00K	USD	2 Qtrs
Payment of platform development costs	`PaymentsToDevelopSoftware`	$-263.80K	USD	2 Qtrs
Payment of platform development costs	`PaymentsToDevelopSoftware`	$-299.63K	USD	2 Qtrs
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-449.63K	USD	2 Qtrs
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-284.40K	USD	2 Qtrs
Proceeds from notes payable related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$96.42K	USD	2 Qtrs
Proceeds from notes payable related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$463.23K	USD	2 Qtrs
Repayments on notes payable related parties	`RepaymentOfNotesReceivableFromRelatedParties`	$-158.30K	USD	2 Qtrs
Proceeds from issuance of convertible note payable	`ProceedsFromConvertibleDebt`	$-53.06K	USD	2 Qtrs
Sale of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$766.84K	USD	2 Qtrs
Sale of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$3.61M	USD	2 Qtrs
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.23M	USD	2 Qtrs
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$3.49M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-120.64K	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.34M	USD	2 Qtrs
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$123.14K	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.36M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$13.72K	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.49K	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$123.14K	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.36M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$13.72K	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.49K	USD	Point-in-time
Interest Paid	`InterestExpense`	$-86.05K	USD	1 Quarter
Interest Paid	`InterestExpense`	$40.00K	USD	2 Qtrs
Issuance of stock in acquisition of subsidiary	`StockIssuedDuringPeriodValueAcquisitions`	$325.00	USD	2 Qtrs

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance, Value	`StockholdersEquity`	$-1.38M	USD	Point-in-time
Balance, Value	`StockholdersEquity`	$-903.19K	USD	Point-in-time
Balance, Shares	`CommonStockSharesOutstanding`	46.59M	shares	Point-in-time
Balance, Shares	`CommonStockSharesOutstanding`	36.13M	shares	Point-in-time
Sale of common stock, net issuance costs, Value	`SaleOfCommonStockNetIssuanceCosts`	$3.61M	USD	2 Qtrs
Common stock issued upon conversion of trade and note payables, Value	`CommonStockIssuedUponConversionOfTradeAndNotePayables`	$57.50K	USD	2 Qtrs
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$31.14K	USD	2 Qtrs
Employee stock based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$193.33K	USD	2 Qtrs
Foreign currency translation gain	`DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses`	$6.78K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-531.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.61M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.17M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-836.10K	USD	1 Quarter
Balance, Value	`StockholdersEquity`	$-1.38M	USD	Point-in-time
Balance, Value	`StockholdersEquity`	$-903.19K	USD	Point-in-time
Balance, Shares	`CommonStockSharesOutstanding`	46.59M	shares	Point-in-time
Balance, Shares	`CommonStockSharesOutstanding`	36.13M	shares	Point-in-time

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