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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Consolidated Statement of Changes in Stockholders’ Equity (Deficit)
| Preferred Stock · Common Stock · Additional Paid-in · Accumulated | |||||||
|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | Capital | Deficit | Total | |
| Balance December 31, 2021 | 10,000,000 | $10,000 | 18,010,208 | $18,010 | $35,195 | $(294,003) | $(230,798) |
| Conversion of preferred stock-related party | (1,042,500) | (1,042) | 104,250,000 | 104,250 | (103,208) | - | - |
| Contributed capital | - | - | - | - | 30,100 | - | 30,100 |
| Forgiveness of debt-related party | - | - | - | - | 239,444 | - | 239,444 |
| Net loss | - | - | - | - | - | (153,713) | (153,713) |
| Balance December 31, 2022 | 8,957,500 | $8,958 | 122,260,208 | $122,260 | $201,531 | $(447,716) | $(114,967) |
| Balance December 31, 2022 | 8,957,500 | $8,958 | 122,260,208 | $122,260 | $201,531 | $(447,716) | $(114,967) |
| Common Shares sold for cash | - | - | 8,964,660 | 8,965 | 667,384 | - | 676,349 |
| Common Shares issued for acquisitions | - | - | 67,500,000 | 67,500 | 817,500 | - | 885,000 |
| Imputed interest | - | - | - | - | 5,507 | - | 5,507 |
| Net loss | - | - | - | - | - | (291,672) | (291,672) |
| Balance December 31, 2023 | 8,957,500 | $8,958 | 198,724,868 | $198,725 | $1,691,922 | $(739,388) | $1,160,217 |
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