Mitesco Inc
For the period ended Sep 30, 2024. Filed Nov 25, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 25, 2024
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Contents
Consolidated Balance Sheets as of September 30, 2024, and December 31, 2023
CONSOLIDATED BALANCE SHEETS
| September 30, 2024 (Unaudited) | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $31,822 | $2,838 |
| Prepaids and other current assets | 29,500 | - |
| Total current assets | 61,322 | 2,838 |
| Total assets | $61,322 | $2,838 |
| LIABILITIES AND STOCKHOLDERS' DEFICIT | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | $5,370,599 | $7,838,112 |
| Accrued interest | 378,453 | 348,821 |
| Accrued interest - related party | 50,481 | 61,792 |
| Derivative liabilities | 152,945 | 152,945 |
| Lease liability - operating lease, current | 99,477 | 99,477 |
| Notes payable, net | 1,023,019 | 945,429 |
| Notes payable - related parties, net | 166,912 | 300,012 |
| SBA loan payable | 401,547 | 421,788 |
| Other current liabilities | 96,136 | 121,136 |
| Preferred stock dividends payable | 1,690,501 | 1,551,833 |
| Preferred stock dividends payable - related parties | 177,776 | 73,364 |
| Legal settlements | 2,452,768 | 2,219,886 |
| Total current liabilities | 12,060,614 | 14,134,595 |
| Total liabilities | 12,060,614 | 14,134,595 |
| Stockholders' deficit | ||
| Preferred stock, $0.01 par value, 100,000,000 shares authorized; 500,000 shares designated Series A; 3,000,000 shares designated Series C; 10,000,000 shares designated Series D; 10,000 shares designated as Series E; 140,000 shares designated as Series F, and 27,324 shares designated Series X. | ||
| Preferred stock, Series A, $0.01 par value, 0 shares issued and outstanding as of September 30, 2024, and December 31, 2023 | - | - |
| Preferred stock, Series C, $0.01 par value, 0 shares issued and outstanding as of September 30, 2024, and December 31, 2023 | - | - |
| Preferred stock, Series D, $0.01 par value, 150,000 and 250,000 shares issued and outstanding as of September 30, 2024, and December 31, 2023, respectively | 1,500 | 2,500 |
| Preferred stock, Series F, $0.01 par value, 14,665 and 20,057 shares issued and outstanding as of September 30, 2024, and December 31, 2023, respectively | 146 | 201 |
| Preferred stock, Series X, $0.01 par value, 24,587 and 24,227 shares issued and outstanding at September 30, 2024, and December 31, 2023, respectively | 246 | 242 |
| Common stock, $0.01 par value, 500,000,000 shares authorized, 8,508,756 and 5,567,957 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | 85,091 | 55,680 |
| Additional paid-in capital | 48,249,442 | 47,856,444 |
| Accumulated deficit | (60,335,717) | (62,046,824) |
| Total stockholders' deficit | (11,999,292) | (14,131,757) |
| Total liabilities and stockholders' deficit | $61,322 | $2,838 |
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