2022 Q4 Form 10-Q Financial Statement
#000155335022000902 Filed on November 14, 2022
Income Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|
Balance Sheet
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $3.420K | $75.58K | $349.5K |
YoY Change | -94.61% | -78.38% | -32.71% |
Cash & Equivalents | $3.416K | $75.58K | $349.5K |
Short-Term Investments | |||
Other Short-Term Assets | $8.083K | $20.52K | $309.2K |
YoY Change | 132.0% | -93.36% | 3.88% |
Inventory | |||
Prepaid Expenses | $0.00 | $0.00 | |
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $11.50K | $96.10K | $658.7K |
YoY Change | -96.65% | -85.41% | -19.38% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $21.76K | $21.76K | $354.3K |
YoY Change | -6.93% | -93.86% | 298.26% |
Goodwill | |||
YoY Change | |||
Intangibles | $412.6K | $432.0K | |
YoY Change | -8.6% | ||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $850.5K | $924.6K | $807.4K |
YoY Change | 7.85% | 14.52% | 56.34% |
TOTAL ASSETS | |||
Total Short-Term Assets | $11.50K | $96.10K | $658.7K |
Total Long-Term Assets | $850.5K | $924.6K | $807.4K |
Total Assets | $862.0K | $1.021M | $1.466M |
YoY Change | -23.82% | -30.38% | 9.94% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.710M | $1.655M | $1.038M |
YoY Change | 47.95% | 59.53% | 181.65% |
Accrued Expenses | $75.69K | $20.33K | $333.1K |
YoY Change | 9.28% | -93.9% | 408.83% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $2.556M | $2.017M | $0.00 |
YoY Change | |||
Total Short-Term Liabilities | $4.342M | $3.692M | $1.371M |
YoY Change | 254.35% | 169.36% | 215.92% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Other Long-Term Liabilities | $189.5K | $244.8K | |
YoY Change | -23.1% | ||
Total Long-Term Liabilities | $189.5K | $244.8K | $0.00 |
YoY Change | -23.1% | -100.0% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $4.342M | $3.692M | $1.371M |
Total Long-Term Liabilities | $189.5K | $244.8K | $0.00 |
Total Liabilities | $4.531M | $3.937M | $1.371M |
YoY Change | 207.9% | 187.22% | 128.61% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$32.61M | -$30.83M | |
YoY Change | 26.49% | ||
Common Stock | $122.2K | $116.9K | |
YoY Change | 10.21% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$3.669M | -$2.916M | $95.36K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $862.0K | $1.021M | $1.466M |
YoY Change | -23.82% | -30.38% | 9.94% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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|
72800 | usd |
CY2022Q3 | mdxl |
Retirement Of Common Shares Issued For Services Unaudited
RetirementOfCommonSharesIssuedForServicesUnaudited
|
-315500 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1083878 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2916273 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5047974 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-4382688 | usd | |
us-gaap |
Depreciation
Depreciation
|
1621 | usd | |
us-gaap |
Depreciation
Depreciation
|
3840 | usd | |
us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
1217627 | usd | |
us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
688375 | usd | |
mdxl |
Amortization Of Debenture Discounts
AmortizationOfDebentureDiscounts
|
-59781 | usd | |
mdxl |
Amortization Of Debenture Discounts
AmortizationOfDebentureDiscounts
|
-0 | usd | |
mdxl |
Gain From Forgiveness Of Note Payable
GainFromForgivenessOfNotePayable
|
-0 | usd | |
mdxl |
Gain From Forgiveness Of Note Payable
GainFromForgivenessOfNotePayable
|
165719 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
17040 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-4516 | usd | |
mdxl |
Increase Decrease In Prepaid Expenses Related Party
IncreaseDecreaseInPrepaidExpensesRelatedParty
|
276043 | usd | |
mdxl |
Increase Decrease In Prepaid Expenses Related Party
IncreaseDecreaseInPrepaidExpensesRelatedParty
|
174304 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
257638 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-94335 | usd | |
us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
241608 | usd | |
us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
83350 | usd | |
mdxl |
Amortization Of Rightofuse Operating Lease Asset
AmortizationOfRightofuseOperatingLeaseAsset
|
53679 | usd | |
mdxl |
Amortization Of Rightofuse Operating Lease Asset
AmortizationOfRightofuseOperatingLeaseAsset
|
36754 | usd | |
mdxl |
Amortization Of Righttouse Intellectual Property
AmortizationOfRighttouseIntellectualProperty
|
25287 | usd | |
mdxl |
Amortization Of Righttouse Intellectual Property
AmortizationOfRighttouseIntellectualProperty
|
0 | usd | |
mdxl |
Increase Decrease Amortization Of Website And Development
IncreaseDecreaseAmortizationOfWebsiteAndDevelopment
|
19411 | usd | |
mdxl |
Increase Decrease Amortization Of Website And Development
IncreaseDecreaseAmortizationOfWebsiteAndDevelopment
|
0 | usd | |
us-gaap |
Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
|
-50483 | usd | |
us-gaap |
Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
|
-38707 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2962802 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3690310 | usd | |
mdxl |
Website And Development Costs
WebsiteAndDevelopmentCosts
|
-0 | usd | |
mdxl |
Website And Development Costs
WebsiteAndDevelopmentCosts
|
13680 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-13680 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
760500 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1362791 | usd | |
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
2044975 | usd | |
us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
2214462 | usd | |
us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2974962 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3407766 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
12160 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-296224 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
63418 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
645762 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
75578 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
349538 | usd |
mdxl |
Issuance Of Common Stock In Exchange For Righttouse Intellectual Property
IssuanceOfCommonStockInExchangeForRighttouseIntellectualProperty
|
236000 | usd | |
mdxl |
Issuance Of Common Stock In Exchange For Righttouse Intellectual Property
IssuanceOfCommonStockInExchangeForRighttouseIntellectualProperty
|
0 | usd | |
mdxl |
Discount Issued With Convertible Debentures
DiscountIssuedWithConvertibleDebentures
|
257695 | usd | |
mdxl |
Discount Issued With Convertible Debentures
DiscountIssuedWithConvertibleDebentures
|
0 | usd | |
mdxl |
Decrease In Note Payable Resulting From Gain On Forgiveness Of Note Payable
DecreaseInNotePayableResultingFromGainOnForgivenessOfNotePayable
|
-165719 | usd | |
mdxl |
Rightofuse Lease Assets Obtained In Exchange For Operating Lease Liabilities
RightofuseLeaseAssetsObtainedInExchangeForOperatingLeaseLiabilities
|
0 | usd | |
mdxl |
Rightofuse Lease Assets Obtained In Exchange For Operating Lease Liabilities
RightofuseLeaseAssetsObtainedInExchangeForOperatingLeaseLiabilities
|
324589 | usd | |
mdxl |
Retirement Of Common Shares Issued For Services
RetirementOfCommonSharesIssuedForServices
|
315500 | usd | |
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p id="xdx_849_eus-gaap--ConcentrationRiskCreditRisk_zqnW5eXpZH97" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><i><span id="xdx_86F_zD9uNqNPh0aj">Risks and Uncertainties</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 3pc">The Company's operations are subject to significant risks and uncertainties including financial, operational and regulatory risks, including the potential risk of business failure. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> | ||
CY2022Q1 | mdxl |
Intellectual Property Value
IntellectualPropertyValue
|
236000 | usd |
CY2022Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-30830364 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_845_eus-gaap--UseOfEstimates_zZ4CHkpuc6vc" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><i><span id="xdx_869_zVtGXNR5UQ34">Use of Estimates</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 3pc">The preparation of the unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 3pc">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the condensed consolidated financial statements, which management considered in formulating its estimate could change in the near term due to one or more future non-conforming events. Accordingly, the actual results could differ significantly from estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 3pc">A material estimate that is particularly susceptible to significant change in the near-term relate to the determination of the impairment of website and development cost. The Company uses various assumptions it believes to be reasonable under the circumstances to make this estimate. Although considerable variability is likely to be inherent in this estimate, management believes that the amount provided is reasonable. This estimate is continually reviewed and adjusted if necessary. Such adjustments are reflected in current operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> | ||
CY2022Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-1083878 | usd |
CY2021Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-1391171 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-5047974 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-4382688 | usd | |
CY2022Q3 | us-gaap |
Dividends Preferred Stock Stock
DividendsPreferredStockStock
|
78995 | usd |
CY2021Q3 | us-gaap |
Dividends Preferred Stock Stock
DividendsPreferredStockStock
|
65636 | usd |
us-gaap |
Dividends Preferred Stock Stock
DividendsPreferredStockStock
|
234410 | usd | |
us-gaap |
Dividends Preferred Stock Stock
DividendsPreferredStockStock
|
214414 | usd | |
CY2022Q3 | mdxl |
Loss Available To Common Stockholders
LossAvailableToCommonStockholders
|
-1162873 | usd |
CY2021Q3 | mdxl |
Loss Available To Common Stockholders
LossAvailableToCommonStockholders
|
-1456807 | usd |
mdxl |
Loss Available To Common Stockholders
LossAvailableToCommonStockholders
|
-5282384 | usd | |
mdxl |
Loss Available To Common Stockholders
LossAvailableToCommonStockholders
|
-4597102 | usd | |
CY2022Q3 | mdxl |
Weighted Average Number Of Common Shares Outstanding
WeightedAverageNumberOfCommonSharesOutstanding
|
116886659 | shares |
CY2021Q3 | mdxl |
Weighted Average Number Of Common Shares Outstanding
WeightedAverageNumberOfCommonSharesOutstanding
|
105948985 | shares |
mdxl |
Weighted Average Number Of Common Shares Outstanding
WeightedAverageNumberOfCommonSharesOutstanding
|
115896191 | shares | |
mdxl |
Weighted Average Number Of Common Shares Outstanding
WeightedAverageNumberOfCommonSharesOutstanding
|
103147965 | shares | |
CY2022Q3 | mdxl |
Basic And Diluted Lps
BasicAndDilutedLps
|
-0.01 | shares |
CY2021Q3 | mdxl |
Basic And Diluted Lps
BasicAndDilutedLps
|
-0.01 | shares |
mdxl |
Basic And Diluted Lps
BasicAndDilutedLps
|
-0.05 | shares | |
mdxl |
Basic And Diluted Lps
BasicAndDilutedLps
|
-0.04 | shares | |
CY2022Q3 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | usd |
us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | usd | |
CY2021Q3 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | usd |
us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | usd | |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
236000 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-25287 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
210713 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
|
8429 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
|
33714 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
|
33714 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
|
33714 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
|
33714 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Rolling After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingAfterYearFive
|
67428 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
210713 | usd |
CY2021Q2 | us-gaap |
Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
|
40000 | usd |
CY2022Q3 | us-gaap |
Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
|
-808810 | usd |
CY2021Q4 | us-gaap |
Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
|
-291159 | usd |
CY2022Q1 | mdxl |
Securities Purchase Agreement Description
SecuritiesPurchaseAgreementDescription
|
In March 2022, the Company entered into a securities purchase agreement in which the Company maximum offering amount is $5,000,000. For every $1,000 invested in the offering, the Investors will receive a Debenture with a face amount of $1,000 and Warrants to purchase 350 Common Shares at an exercise price that ranges from $0.75 to $1.50 per share expiring on April 30, 2027. | |
CY2022Q3 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
775425 | shares |
CY2022Q3 | us-gaap |
Share Price
SharePrice
|
0.40 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y | ||
CY2022Q3 | us-gaap |
Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
|
257695 | usd |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
59781 | usd |