OneMedNet Corp
For the period ended Dec 31, 2023. Filed Apr 9, 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 9, 2024
ONMD$6.00+16.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| Current Assets | ||
| Cash and cash equivalents | $47,008 | 301,730 |
| Investments held in Trust | - | 29,029,415 |
| Accounts receivable, net of allowance | 151,640 | 18,975 |
| Prepaid expenses and other assets | 165,538 | 100,945 |
| Receivable from SPAC | 900,152 | |
| Total current assets | 364,186 | 30,351,217 |
| Property and Equipment, Net | 98,871 | 83,097 |
| Total assets | $463,057 | $30,434,314 |
| Current Liabilities | ||
| Accounts payable & accrued expenses | 4,184,398 | 2,814,570 |
| Loan Amount due to related parties | 11,200 | 11,500 |
| Excise tax | 113,353 | - |
| Loan Extensions | 2,991,679 | - |
| Deferred revenues | 253,997 | 183,683 |
| Loan Payable | 38,921 | - |
| Convertible promissory notes | - | 8,490,000 |
| Canada Emergency Business Loan Act | 44,673 | - |
| Income tax payable | 120,017 | 214,850 |
| Franchise tax payable | - | 69,966 |
| Pipe Notes, net of discount including interest | 1,549,820 | - |
| Deferred underwriter fee payable | 3,525,000 | - |
| Total current liabilities | 12,833,058 | 11,784,569 |
| Long Term Liabilities | ||
| Convertible promissory note | 1,500,000 | |
| Canada Emergency Business Loan Act | 44,144 | |
| Accrued interest | 690,772 | |
| Loan, related party of OMN | 465,023 | - |
| Warrant liabilities | 24,582 | 362,558 |
| Deferred underwriter fee payable | - | 4,025,000 |
| Working capital Loan | - | 207,081 |
| Extension loans | - | 2,545,839 |
| Total liabilities | 13,322,663 | 21,159,963 |
| Stockholders’ Equity (Deficit) | ||
| Preferred Series A-2, par value $0.0001, 4,200,000 shares authorized and, 0 and 3,853,797 shares issued and outstanding as of December 31, 2023 and December 31, 2022 | - | 385 |
| Preferred Shares A-1, par value $0.0001, 4,400,000 shares authorized and, 0 and 3,204,000 shares issued and outstanding as of December 31, 2023 and December 31, 2022 | - | 320 |
| Common Stock, par value $0.0001, 30,000,000 shares authorized and 23,572,232 and 4,550,166 shares issued and outstanding as of December 31, 2023 and December 31, 2022 | 2,357 | 455 |
| Data Knights Acquisition Corp. Class A Common Stock, par value $0.0001, 4,200,000 shares authorized and, 0 and 3,853,797 shares issued and outstanding as of December 31, 2023 and December 31, 2022 | - | 59 |
| Data Knights Acquisition Corp. Class A Common Stock, par value $0.0001, 4,200,000 shares authorized and, 0 and 3,853,797 shares issued and outstanding as of December 31, 2023 and December 31, 2022 | - | 425 |
| Commitments and contingencies | - | 28,750,110 |
| Additional paid in capital | 42,220,714 | 24,032,561 |
| Accumulated deficit | (55,082,677) | (43,509,964) |
| Total stockholders’ equity (deficit) | (12,859,606) | 9,274,351 |
| Total liabilities and stockholders’ equity (deficit) | $463,057 | $30,434,314 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.