MDWerks Inc
For the period ended Dec 31, 2023. Filed Jun 28, 2024.
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FY2023 · Filed Jun 28, 2024
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Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash | $115,111 | $23,715 |
| Note receivable | 97,533 | - |
| Accounts receivable, net | 106,734 | - |
| Inventory | 201,207 | - |
| Prepaid expenses | 28,632 | - |
| Total Current Assets | 549,217 | 23,715 |
| Fixed assets, net of accumulated depreciation of $10,787 and $0, respectively | 496,890 | - |
| Intangible assets, net of accumulated amortization of $4,339 and $0, respectively | 615,161 | - |
| Right-of-use asset | 1,105,152 | - |
| Goodwill | 466,648 | - |
| Total Assets | $3,233,068 | $23,715 |
| Liabilities and Stockholders’ Equity (Deficit) | ||
| Current Liabilities | ||
| Accounts payable and accrued expenses | $668,748 | $34,478 |
| Advances payable | - | 104,204 |
| Notes payable | 96,404 | - |
| Deferred revenue | 52,779 | - |
| Right-of-use liability, current portion | 249,175 | - |
| Total Current Liabilities | 1,067,106 | 138,682 |
| Notes payable, net of current portion | 92,830 | - |
| Right-of use liability, net of current portion | 912,915 | - |
| Total Liabilities | 2,072,851 | 138,682 |
| Stockholders’ Equity (Deficit) | ||
| Preferred stock, par value $0.001; 10,000,000 shares authorized, of which 8,957,500 were issued and outstanding | 8,958 | 8,958 |
| Common stock, par value $0.001; 300,000,000 shares authorized, of which 198,724,868 and 122,260,208 shares were issued and outstanding at December 31, 2023 and 2022, respectively | 198,725 | 122,260 |
| Additional paid in capital | 1,691,922 | 201,531 |
| Accumulated deficit | (739,388) | (447,716) |
| Total Stockholders’ Equity (Deficit) | 1,160,217 | (114,967) |
| Total Liabilities and Stockholders’ Equity (Deficit) | $3,233,068 | $23,715 |
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