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Midas Edge

Mitesco Inc

For the period ended Dec 31, 2023. Filed Apr 16, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Apr 16, 2024

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Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)

FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2023 and 2022

Preferred Stock Series A · Preferred Stock Series C · Preferred Stock Series D · Preferred Stock Series F · Preferred Stock Series X · Common Stock · Additional · Common Stock · Accumulated
Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount · Paid-in capital · Subscribed · Deficit · Total
Balance, December 31, 2021-$-940,644$9,4063,100,000$31,00024,227$2424,266,669$42,667$26,385,728$132,163$(25,478,332)$1,122,874
Vesting of common stock issued to employees------------4,387--4,387
Vesting of stock options issued to employees------------345,578--345,578
Issuance of shares for services----------6,32963101,187--101,250
Conversion of accounts payable to common stock----------63,593636577,599--578,235
Issuance of Waiver fee shares----------45,235452366,706--367,158
Commitment fee shares----------119,5271,1961,218,466--1,219,662
Shares issued for services----------27,064271180,302--180,573
Warrants issued with note payable------------94,672--94,672
Shares issued for Series X dividends----------8,1038286,971--87,053
Gain on settlement of accrued payroll----------(8,000)(80)80---
Issuance of shares previously subscribed for conversion of accounts payable----------7,6487695,512(95,588)--
Shares issued in connection with make-good agreement----------91,329913913,735--319,648
Series C Preferred Stock adjusted for prior conversions--106,9751,070--------(1,070)---
Preferred stock dividends------------(322,310)--(322,310)
Shares issued due to rounding in reverse split----------2,87529(29)---
Net loss--------------(23,236,129)(23,236,129)
Balance, December 31, 2022-$-1,047,619$10,4763,100,000$31,000-$-24,227$24246,305,375$46,305$29,452,514$36,575$(48,714,461)$(19,137,349)
Shares issued for conversion of note payable----------57,13857182,885--83,456
Shares issued as commission for fundraising----------2,952303,778--3,808
Shares issued for true-up agreement----------94,738947118,423--119,370
Conversion of accrued salary, debt, and board fees to common stock by a related party----------181,6061,8163,632--5,448
Conversion of accounts payable to common stock----------247,7762,47677,027--79,503
Issuance of common stock to a service provider----------300,0003,000894,000--897,000
Shares issued pursuant to legal settlement----------22,17422218,537--18,759
Shares issued previously subscribed----------2,9263036,545(36,575)--
Vesting of stock options issued to employees------------3,732--3,732
Series A Dividends previously satisfied------------10,967--10,967
Shares issued for Series X dividends----------28,27528360,281--60,564
Shares issued for conversion of accounts payable------1472----146,212--146,214
Shares sold for cash, net of costs------1,74617----1,583,483--1,583,500
Conversion of Series C Preferred Stock to Series F Preferred Stock--(1,047,619)(10,476)--2,28922----1,198,450--1,187,996
Conversion of Series D Preferred Stock to Series F Preferred Stock----(2,350,000)(23,500)4,05541----1,610,965--1,587,506
Conversion of Series D Preferred Stock and accrued salaries to Series F Preferred Stock by related party----(500,000)(5,000)65565----159,899--154,906
Conversion of Debt to Series F Preferred Stock------9,02790----9,523,088--9,523,178
Conversion of debt and accrued salaries to Series F Preferred Stock by related parties------2,13822----2,137,033--2,137,055
Forgiveness of related party loans for sale of assets------------2,454,7742,454,774
Preferred stock dividends------------(1,719,781)--(1,719,781)
Loss for the year ended December 31, 2023--------------(13,332,363)(13,332,363)
Balance, December 31, 2023-$--$-250,000$2,50020,507$20124,227$2425,567,957$55,680$47,856,444$-$(62,046,824)$(14,131,757)
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.