MDWerks Inc
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
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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
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Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Changes in Stockholders’ Equity (Deficit) (Unaudited)
Consolidated Statements Of Stockholders’ Equity (Deficit)
For The Three and Nine Months Ended September 30, 2024 and 2023
(Unaudited)
| Additional · Total Stockholders’ | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Preferred Shares · Common Shares · Paid In · Subscriptions · Accumulated · Equity | |||||||||
| Shares · Amount · Shares · Amount · Capital · Payable · Deficit · (Deficit) | |||||||||
| Balance, December 31, 2023 | 8,957,500 | $8,958 | 198,724,868 | $198,725 | $1,691,922 | $ | - | $(739,388) | $1,160,217 |
| Common shares sold for cash | - | - | 2,100,000 | 2,100 | 312,900 | 75,000 | - | 390,000 | |
| Common shares to be issued for royalty agreement | - | - | - | - | - | 15,000 | - | 15,000 | |
| Net Loss | - | - | - | - | - | - | (302,389) | (302,389) | |
| Balance, March 31, 2024 | 8,957,500 | 8,958 | 200,824,868 | 200,825 | 2,004,822 | 90,000 | (1,041,777) | 1,262,828 | |
| Net Loss | - | - | - | - | - | - | (764,115) | (764,115) | |
| Balance, June 30, 2024 | 8,957,500 | 8,958 | 200,824,868 | 200,825 | 2,004,822 | 90,000 | (1,805,892) | 498,713 | |
| Common shares sold for cash | - | - | 1,220,004 | 1,220 | 173,780 | 75,000 | - | 250,000 | |
| Net Income | - | - | - | - | - | - | 157,024 | 157,024 | |
| Balance, September 30, 2024 | 8,957,500 | $8,958 | 202,044,872 | $202,045 | $2,178,602 | $165,000 | $(1,648,868) | $905,737 | |
| 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 | - | - | 1,141,298 | 1,141 | 84,457 | - | - | 85,598 | |
| Net Loss | - | - | - | - | - | - | (41,451) | (41,451) | |
| Balance, March 31, 2023 | 8,957,500 | 8,958 | 123,401,506 | 123,401 | 285,988 | - | (489,167) | (70,820) | |
| Common shares sold for cash | - | - | 1,333,333 | 1,334 | 98,666 | - | - | 100,000 | |
| Imputed interest | - | - | - | - | 2,838 | - | - | 2,838 | |
| Net Loss | - | - | - | - | - | - | (69,752) | (69,752) | |
| Balance, June 30, 2023 | 8,957,500 | 8,958 | 124,734,839 | 124,735 | 387,492 | - | (558,919) | (37,734) | |
| Common shares sold for cash | - | - | 2,756,679 | 2,757 | 203,994 | - | - | 206,751 | |
| Imputed interest | - | - | - | - | 2,116 | - | - | 2,116 | |
| Net Income | - | - | - | - | - | - | 35,491 | 35,491 | |
| Balance, September 30, 2023 | 8,957,500 | $8,958 | 127,491,518 | $127,492 | $593,602 | $ | - | $(523,428) | $206,624 |
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