$MDWK
MDWerks, Inc.

2023 Q3 Form 10-Q Financial Statement

#000149315223026746 Filed on August 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q4
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $129.1K $64.08K $78.42K
YoY Change 160.08% 1934.29% 3599.06%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $360.00 $280.00
YoY Change
% of Gross Profit
Operating Expenses $129.1K $64.08K $78.42K
YoY Change 160.07% 1932.87% 3599.06%
Operating Profit -$129.1K -$64.08K
YoY Change 160.07% 1932.87%
Interest Expense $4.232K $5.676K $0.00
YoY Change -100.0%
% of Operating Profit
Other Income/Expense, Net $164.6K -$5.676K
YoY Change
Pretax Income $35.49K -$69.75K -$78.42K
YoY Change -171.48% 2114.29% 776.2%
Income Tax
% Of Pretax Income
Net Earnings $35.49K -$69.75K -$78.42K
YoY Change -171.48% 2112.94% 776.2%
Net Earnings / Revenue
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 125.1M shares 124.7M shares 18.01M shares
Diluted Shares Outstanding 125.6M shares 123.9M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $166.1K $4.940K $23.72K
YoY Change
Cash & Equivalents $166.0K $4.938K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $241.0K $4.938K $23.72K
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $61.86K $88.00K
YoY Change
Goodwill
YoY Change
Intangibles $18.86K $19.23K $0.00
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change
Total Long-Term Assets $175.7K $107.2K -$23.72K
YoY Change
TOTAL ASSETS
Total Short-Term Assets $241.0K $4.938K $23.72K
Total Long-Term Assets $175.7K $107.2K -$23.72K
Total Assets $416.8K $112.2K
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.640K $4.524K $34.48K
YoY Change 2927.04%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $203.5K $145.4K $0.00
YoY Change -30.78% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $210.1K $149.9K $128.1K
YoY Change 323.24% -37.4% -44.51%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $210.1K $149.9K $128.1K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $210.1K $149.9K $128.1K
YoY Change 323.23% -37.4% -44.51%
SHAREHOLDERS EQUITY
Retained Earnings -$523.4K -$558.9K -$430.7K
YoY Change 48.57% 84.68% 46.5%
Common Stock $127.5K $124.7K $122.3K
YoY Change 607.9% 592.59% 578.85%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $206.6K -$37.73K -$128.1K
YoY Change
Total Liabilities & Shareholders Equity $416.8K $112.2K
YoY Change

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q4
OPERATING ACTIVITIES
Net Income $35.49K -$69.75K -$78.42K
YoY Change -171.48% 2112.94% 776.2%
Depreciation, Depletion And Amortization $360.00 $280.00
YoY Change
Cash From Operating Activities -$128.8K -$79.29K -$54.55K
YoY Change 159.38% 802.05% 5095.24%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $88.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $25.00K
YoY Change
Cash From Investing Activities $25.00K -$107.5K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 264.9K 150.5K 54.55K
YoY Change 433.49% 1612.17% 5095.24%
NET CHANGE
Cash From Operating Activities -128.8K -79.29K -54.55K
Cash From Investing Activities 25.00K -107.5K
Cash From Financing Activities 264.9K 150.5K 54.55K
Net Change In Cash 161.1K -36.29K 0.000
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$128.8K -$79.29K -$54.55K
Capital Expenditures $0.00 $88.00K
Free Cash Flow -$128.8K -$167.3K
YoY Change

Facts In Submission

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MDwerks, Inc.
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dei Entity Incorporation State Country Code
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dei Entity Tax Identification Number
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us-gaap Common Stock Conversion Features
CommonStockConversionFeatures
Each share of Series A Convertible Preferred Stock is convertible into 100 shares of common stock, and each share of Series A Preferred Stock has the same number of common share votes prior to conversion as it would if fully converted to be used in voting on any company matter requiring a vote of shareholders.
CY2023Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
8957500 shares
CY2023Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
8957500 shares
CY2023Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
5749262 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
4949262 shares
MDWK Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGrantsInPeriodWeightedAverageExercisePrice
1.50
MDWK Sharebased Compensation Arrangement By Sharebased Payment Award Non Option Equity Instruments Weighted Average Remaining Contractual Term Forfeited
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageRemainingContractualTermForfeited
P4Y8M12D
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
4949262 shares
CY2023Q2 MDWK Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice
1.50
MDWK Sharebased Compensation Arrangement By Sharebased Payment Award Non Option Equity Instruments Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageRemainingContractualTerm2
P4Y8M12D
CY2023Q2 MDWK Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisableNumber
4949262 shares
CY2023Q2 MDWK Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisableWeightedAverageExercisePrice
1.50
MDWK Sharebased Compensation Arrangement By Sharebased Payment Award Non Option Equity Instruments Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionEquityInstrumentsExercisableWeightedAverageRemainingContractualTerm1
P4Y8M12D
CY2023Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
88000 usd
CY2023Q2 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P7Y

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