2022 Q4 Form 10-Q Financial Statement

#000155335022000902 Filed on November 14, 2022

View on sec.gov

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

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mdxl Discount Issued With Convertible Debentures
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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

Files In Submission

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0001553350-22-000902-index-headers.html Edgar Link pending
0001553350-22-000902-index.html Edgar Link pending
0001553350-22-000902.txt Edgar Link pending
0001553350-22-000902-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
mdxl-20220930.xsd Edgar Link pending
mdxl_10q.htm Edgar Link pending
mdxl_ex31z1.htm Edgar Link pending
mdxl_ex31z2.htm Edgar Link pending
mdxl_ex32z1.htm Edgar Link pending
mdxl_ex32z2.htm Edgar Link pending
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mdxl-20220930_cal.xml Edgar Link unprocessable
mdxl-20220930_def.xml Edgar Link unprocessable
mdxl-20220930_lab.xml Edgar Link unprocessable
mdxl-20220930_pre.xml Edgar Link unprocessable
mdxl_10q_htm.xml Edgar Link completed
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