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Midas Edge

Mitesco, Inc.

For the period ended Dec 31, 2024. Filed Mar 31, 2025.

View on SEC.gov

About this filing

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.

FY2024 · Filed Mar 31, 2025

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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 YEAR ENDED DECEMBER 31, 2024 and 2023

Preferred Stock Series C · Preferred Stock Series D · Preferred Stock Series F · Preferred Stock Series X · Common Stock · Additional Paid-in · Common Stock · Accumulated
Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount · capital · Subscribed · Deficit · Total
Balance, December 31, 20221,047,619$10,4763,100,000$31,000-$-24,227$2424,630,372$46,305$29,452,514$36,575$(48,714,461)$(19,137,349)
Shares issued for conversion of note payable--------57,13857182,885--83,456
Shares issued as commission for fundraising--------2,952303,778--3,808
Shares issued for true-up agreement--------94,738947118,423--119,370
Conversion of accrued salary, debt, and board fees to common stock by a related party--------181,6061,8163,632--5,448
Conversion of accounts payable to common stock--------247,7762,47677,027--79,503
Issuance of common stock to a service provider--------300,0003,000894,000--897,000
Shares issued pursuant to legal settlement--------22,17422218,537--18,759
Shares issued previously subscribed--------2,9263036,545(36,575)--
Vesting of stock options issued to employees----------3,732--3,732
Series A Dividends previously satisfied----------10,967--10,967
Shares issued for Series X dividends--------28,27528360,281--60,564
Shares issued for conversion of accounts payable----1472----146,212--146,214
Shares sold for cash, net of costs----1,74617----1,583,483--1,583,500
Conversion of Series C Preferred Stock to Series F Preferred Stock(1,047,619)(10,476)--2,28922----1,198,450--1,187,996
Conversion of Series D Preferred Stock to Series F Preferred Stock--(2,350,000)(23,500)4,05541----1,610,965--1,587,506
Conversion of Series D Preferred Stock and accrued salaries to Series F Preferred Stock by related party--(500,000)(5,000)6557----159,899--154,906
Conversion of Debt to Series F Preferred Stock----9,02790----9,523,088--9,523,178
Conversion of debt and accrued salaries to Series F Preferred Stock by related parties----2,13822----2,137,033--2,137,055
Forgiveness of related party loans for sale of assets----------2,454,7742,454,774
Preferred stock dividends----------(1,719,781)--(1,719,781)
Net loss------------(13,332,363)(13,332,363)
Balance, December 31, 2023-$-250,000$2,50020,057$20124,227$2425,567,957$55,680$47,856,444$-$(62,046,824)$(14,131,757)
Shares issued for compensation--------1,575,00015,750506,266--522,016
Series X shares issued as compensation------7,20072--179,928--180,000
Conversion of accounts payable to common stock--------237,3492,37359,955--62,328
Conversion of debt to common stock by a related party--------79,298793362,067--362,860
Conversion of debt to common stock--------154,1071,54140,067--41,608
Conversion of Series F Preferred Stock and accrued dividends to common stock----(8,333)(84)--1,889,83518,899968,676--987,491
Conversion of Series D Preferred Stock and accrued dividends to common stock--(100,000)(1,000)----30,802308100,857--100,165
Conversion of Series X Preferred Stock to common stock------(11,724)(117)86,788868(751)---
Exchange of Series D and Series F Preferred for Series A Preferred--(125,000)(1,250)(11,724)(117)----(11,853,882)-703,420(11,151,829)
Preferred stock dividends----------(1,033,729)--(1,033,729)
Shares issued for Series X dividends--------141,1221,411103,043--104,454
Release of true-up obligation on commitment shares----------152,945--152,945
Establishment of derivative liability of conversion feature upon default----------(100,551)--(100,551)
Net income------------(2,511,947)(2,511,947)
Balance, December 31, 2024-$-25,000$250-$-19,703$1979,762,258$97,623$37,341,335$-$(63,855,351)$(26,415,946)
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.