10-K Filing

MITESCO, INC. CIK: 802257 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0001575705-14-000029`
Period End Date	20131231
Filing Date	20140415
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	tntyob-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 28 Cash Flow Statement 62 Stockholders Equity 28

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$13.72K	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash	`Cash`	$812.06K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$2.73K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$1.61K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	46.70M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	36.13M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$41.64K	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	46.70M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	-	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	36.13M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$856.43K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.34K	USD	Point-in-time
Fixtures and equipment	`FixturesAndEquipmentGross`	$178.35K	USD	Point-in-time
Fixtures and equipment	`FixturesAndEquipmentGross`	$210.17K	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$164.23K	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$125.62K	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$52.73K	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$45.95K	USD	Point-in-time
Costs incurred	`CapitalizedComputerSoftwareGross`	$3.63M	USD	Point-in-time
Costs incurred	`CapitalizedComputerSoftwareGross`	$3.11M	USD	Point-in-time
Less accumulated amortization	`CapitalizedComputerSoftwareAccumulatedAmortization`	$2.46M	USD	Point-in-time
Less accumulated amortization	`CapitalizedComputerSoftwareAccumulatedAmortization`	$2.92M	USD	Point-in-time
Capitalized software development costs	`CapitalizedComputerSoftwareNet`	$650.95K	USD	Point-in-time
Capitalized software development costs	`CapitalizedComputerSoftwareNet`	$716.16K	USD	Point-in-time
Debt issuance costs and other assets	`UnamortizedDebtIssuanceExpense`	$60.30K	USD	Point-in-time
Debt issuance costs and other assets	`UnamortizedDebtIssuanceExpense`	$32.02K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$779.32K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.65M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$619.30K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$394.32K	USD	Point-in-time
Accrued interest and other liabilities	`AccruedLiabilitiesCurrent`	$133.24K	USD	Point-in-time
Accrued interest and other liabilities	`AccruedLiabilitiesCurrent`	$279.46K	USD	Point-in-time
Notes payable-related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$252.00	USD	Point-in-time
Notes payable-related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$70.76K	USD	Point-in-time
Debentures Series A and B, carrying value	`ConvertibleDebtCurrent`	$991.50K	USD	Point-in-time
Debentures Series A and B, carrying value	`ConvertibleDebtCurrent`	-	USD	Point-in-time
Convertible note payable	`ConvertibleNotesPayableCurrent`	-	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`	$315.85K	USD	Point-in-time
Deferred rent, current portion	`DeferredRentCreditCurrent`	$5.91K	USD	Point-in-time
Deferred rent, current portion	`DeferredRentCreditCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.98M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$906.50K	USD	Point-in-time
Deferred rent, long term portion	`DeferredRentCreditNoncurrent`	-	USD	Point-in-time
Deferred rent, long term portion	`DeferredRentCreditNoncurrent`	$2.52K	USD	Point-in-time
Debentures Series A and B, carrying value	`ConvertibleDebtNoncurrent`	-	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`	$2.52K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.68M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.98M	USD	Point-in-time
Common stock, $0.0001 par value - 50,000,000 share authorized, 46,697,891 and 36,131,432 shares issued and outstanding at December 31, 2013 and December 31, 2012, respectively.	`CommonStockValue`	$3.61K	USD	Point-in-time
Common stock, $0.0001 par value - 50,000,000 share authorized, 46,697,891 and 36,131,432 shares issued and outstanding at December 31, 2013 and December 31, 2012, respectively.	`CommonStockValue`	$4.67K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$8.44M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$12.40M	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.65K	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.30K	USD	Point-in-time
Accumulated Deficit	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$12.74M	USD	Point-in-time
Accumulated Deficit	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$9.34M	USD	Point-in-time
Total Stockholders' (Deficit) Equity	`StockholdersEquity`	$-333.35K	USD	Point-in-time
Total Stockholders' (Deficit) Equity	`StockholdersEquity`	$-903.19K	USD	Point-in-time
Total Stockholders' (Deficit) Equity	`StockholdersEquity`	$353.01K	USD	Point-in-time
TOTAL LIABILTIES AND STOCKHOLDERS' (DEFICIT) EQUITY	`LiabilitiesAndStockholdersEquity`	$1.65M	USD	Point-in-time
TOTAL LIABILTIES AND STOCKHOLDERS' (DEFICIT) EQUITY	`LiabilitiesAndStockholdersEquity`	$779.32K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$176.44K	USD	Annual
Net Sales	`SalesRevenueNet`	$159.36K	USD	Annual
Cost of sales	`CostOfGoodsSold`	$58.52K	USD	Annual
Cost of sales	`CostOfGoodsSold`	$78.36K	USD	Annual
Gross Profit	`GrossProfit`	$100.84K	USD	Annual
Gross Profit	`GrossProfit`	$98.08K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$894.16K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$838.92K	USD	Annual
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$1.49M	USD	Annual
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$2.27M	USD	Annual
Operating Expenses	`OperatingExpenses`	$3.11M	USD	Annual
Operating Expenses	`OperatingExpenses`	$2.39M	USD	Annual
Loss From Operations	`IncomeLossFromContinuingOperations`	$-2.29M	USD	Annual
Loss From Operations	`IncomeLossFromContinuingOperations`	$-3.01M	USD	Annual
Interest expense	`InterestExpense`	$141.93K	USD	Annual
Interest expense	`InterestExpense`	$392.64K	USD	Annual
Net Loss	`NetIncomeLoss`	$-2.43M	USD	Annual
Net Loss	`NetIncomeLoss`	$-3.40M	USD	Annual
Foreign currency translation gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-8.30K	USD	Annual
Foreign currency translation gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$11.95K	USD	Annual
Total Other Comprehensive Gain (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-8.30K	USD	Annual
Total Other Comprehensive Gain (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$11.95K	USD	Annual
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-2.44M	USD	Annual
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-3.39M	USD	Annual
Net Loss per Share - Basic and Diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.08	USD	Annual
Net Loss per Share - Basic and Diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.07	USD	Annual
Weighted Average Number of Shares Outstanding During the Period - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	35.05M	shares	Annual
Weighted Average Number of Shares Outstanding During the Period - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	42.81M	shares	Annual

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-2.43M	USD	Annual
Net Loss	`NetIncomeLoss`	$-3.40M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$717.38K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$493.12K	USD	Annual
Stock compensation expense	`ShareBasedCompensation`	$227.13K	USD	Annual
Stock compensation expense	`ShareBasedCompensation`	$122.11K	USD	Annual
Accretion for debt discounts and issuance costs	`AccretionExpense`	$320.98K	USD	Annual
Accretion for debt discounts and issuance costs	`AccretionExpense`	$79.46K	USD	Annual
Shares issued in exchange for services	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	Annual
Shares issued in exchange for services	`StockIssuedDuringPeriodValueIssuedForServices`	$31.14K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.19K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.11K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$41.64K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-6.46K	USD	Annual
Accounts payable, net of conversion to shares	`IncreaseDecreaseInAccountsPayable`	$145.46K	USD	Annual
Accounts payable, net of conversion to shares	`IncreaseDecreaseInAccountsPayable`	$-167.48K	USD	Annual
Deposits	`IncreaseDecreaseInDeposits`	-	USD	Annual
Deposits	`IncreaseDecreaseInDeposits`	$-150.00K	USD	Annual
Accrued interest and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$39.88K	USD	Annual
Accrued interest and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$146.23K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$287.58K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$28.27K	USD	Annual
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-3.39K	USD	Annual
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-10.14K	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.45M	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.11M	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$-31.82K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$-16.34K	USD	Annual
Payment for patent application	`PaymentForPatentApplication`	$-10.00K	USD	Annual
Payment for patent application	`PaymentForPatentApplication`	-	USD	Annual
Payment of platform development costs	`PaymentsToDevelopSoftware`	$-548.03K	USD	Annual
Payment of platform development costs	`PaymentsToDevelopSoftware`	$-519.73K	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-561.56K	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-564.37K	USD	Annual
Proceeds from notes payable related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$505.53K	USD	Annual
Proceeds from notes payable related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$122.46K	USD	Annual
Repayments on notes payable and interest on convertible debt to related parties	`RepaymentOfNotesReceivableFromRelatedParties`	$-245.13K	USD	Annual
Repayments on notes payable and interest on convertible debt to related parties	`RepaymentOfNotesReceivableFromRelatedParties`	$-177.50K	USD	Annual
Repayment of convertible note	`RepaymentOfConvertibleNote`	-	USD	Annual
Repayment of convertible note	`RepaymentOfConvertibleNote`	$-20.11K	USD	Annual
Proceeds from exercise of common stock options	`ProceedsFromStockOptionsExercised`	$38.53K	USD	Annual
Proceeds from exercise of common stock options	`ProceedsFromStockOptionsExercised`	-	USD	Annual
Proceeds from debentures, net of issuance costs	`ProceedsFromConvertibleDebt`	-	USD	Annual
Proceeds from debentures, net of issuance costs	`ProceedsFromConvertibleDebt`	$523.08K	USD	Annual
Sale of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$1.05M	USD	Annual
Sale of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$3.57M	USD	Annual
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.90M	USD	Annual
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$3.47M	USD	Annual
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-109.41K	USD	Annual
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$798.34K	USD	Annual
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$123.14K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$812.06K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$13.72K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$123.14K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$812.06K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$13.72K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$27.70K	USD	Annual
Cash paid during the period for interest	`InterestPaid`	-	USD	Annual
Conversion of convertible note to common stock shares	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$32.01K	USD	Annual
Conversion of convertible note to common stock shares	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	Annual
Issuance of stock in acquisition of subsidiary	`StockIssuedDuringPeriodValueAcquisitions`	-	USD	Annual
Issuance of stock in acquisition of subsidiary	`StockIssuedDuringPeriodValueAcquisitions`	$325.00	USD	Annual

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Balance beginning	`StockholdersEquity`	$-333.35K	USD	Point-in-time
Balance beginning	`StockholdersEquity`	$-903.19K	USD	Point-in-time
Balance beginning	`StockholdersEquity`	$353.01K	USD	Point-in-time
Balance beginning, Shares	`CommonStockSharesOutstanding`	46.70M	shares	Point-in-time
Balance beginning, Shares	`CommonStockSharesOutstanding`	36.13M	shares	Point-in-time
Sale of common stock, net of issuance costs	`SaleOfCommonStockNetIssuanceCosts`	$946.32K	USD	Annual
Sale of common stock, net of issuance costs	`SaleOfCommonStockNetIssuanceCosts`	$3.61M	USD	Annual
Reverse recapitalization related to acquisition	`ReverseRecapitalizationRelatedToAcquisition`	$-325.00K	USD	Annual
Reclass for Recapitalization of Stock Entry	`ReclassForRecapitalizationOfStockEntry`	-	USD	Annual
Reclass for Recapitalization of Stock Entry	`ReclassForRecapitalizationOfStockEntry`	-	USD	Annual
Employee stock based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$226.81K	USD	Annual
Employee stock based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$227.13K	USD	Annual
Warrants issued for services	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$37.45K	USD	Annual
Debt beneficial conversion feature, net of issuance costs	`DebtBeneficialConversionFeatureNetOfIssuanceCosts`	$295.00K	USD	Annual
Common stock issued upon conversion of trade payable	`CommonStockIssuedUponConversionOfTradeAndNotePayables`	$57.50K	USD	Annual
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	Annual
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$31.14K	USD	Annual
Exercise of common stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$38.53K	USD	Annual
Exercise of common stock options, Shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	-110,092.00	shares	Annual
Foreign currency translation loss	`DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses`	$11.95K	USD	Annual
Foreign currency translation loss	`DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses`	$-8.30K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.43M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.40M	USD	Annual
Balance ending	`StockholdersEquity`	$-333.35K	USD	Point-in-time
Balance ending	`StockholdersEquity`	$-903.19K	USD	Point-in-time
Balance ending	`StockholdersEquity`	$353.01K	USD	Point-in-time
Balance ending, Shares	`CommonStockSharesOutstanding`	46.70M	shares	Point-in-time
Balance ending, Shares	`CommonStockSharesOutstanding`	36.13M	shares	Point-in-time

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