MDWerks Inc
For the period ended Sep 30, 2024. Filed Nov 14, 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 14, 2024
MDWKStored price and day change unavailable
Contents
Item 1. Consolidated Balance Sheets (Unaudited)
Consolidated Balance Sheets
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash | $62,478 | $115,111 |
| Note receivable | 103,233 | 97,533 |
| Accounts receivable, net | 209,200 | 106,734 |
| Inventory | 188,630 | 201,207 |
| Prepaid expenses and other current assets | 16,146 | 28,632 |
| Total Current Assets | 579,687 | 549,217 |
| Fixed assets, net of accumulated depreciation of $168,733 and $10,787, respectively | 648,519 | 496,890 |
| Intangible assets, net of accumulated amortization of $46,643 and $4,339, respectively | 572,857 | 615,161 |
| Right-of-use asset | 1,011,233 | 1,105,152 |
| Other assets | 16,010 | - |
| Goodwill | 466,648 | 466,648 |
| Total Assets | $3,294,954 | $3,233,068 |
| Liabilities and Stockholders’ Equity | ||
| Current Liabilities | ||
| Accounts payable and accrued expenses | $760,558 | $668,748 |
| Notes payable, current portion | 264,967 | 96,404 |
| Deferred revenue | - | 52,779 |
| Right-of-use liability, current portion | 316,519 | 249,175 |
| Total Current Liabilities | 1,342,044 | 1,067,106 |
| Notes payable, net of current portion | 260,994 | 92,830 |
| Right-of use liability, net of current portion | 786,179 | 912,915 |
| Total Liabilities | 2,389,217 | 2,072,851 |
| Stockholders’ Equity | ||
| 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 202,044,872 and 198,724,868 shares were issued and outstanding at September 30, 2024 and December 31, 2023, respectively | 202,045 | 198,725 |
| Additional paid in capital | 2,178,602 | 1,691,922 |
| Subscription payable | 165,000 | |
| Accumulated deficit | (1,648,868) | (739,388) |
| Total Stockholders’ Equity | 905,737 | 1,160,217 |
| Total Liabilities and Stockholders’ Equity | $3,294,954 | $3,233,068 |
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