MDWerks, Inc.
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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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.
FY2025 · Filed Mar 31, 2026
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Consolidated Statements of Operations
| For the Years Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenues | $2,214,542 | $2,364,093 |
| Cost of revenues | 2,564,857 | 1,490,064 |
| Gross (loss) profit | (350,315) | 874,029 |
| Operating expenses: | ||
| Selling, general and administrative expenses | 2,302,274 | 1,853,335 |
| Salaries and wages | 763,929 | 175,827 |
| Depreciation and amortization expense | 319,846 | 289,631 |
| Loss on sale of assets, related party | - | 57,900 |
| Total operating expenses | 3,386,049 | 2,376,693 |
| Operating loss | (3,736,364) | (1,502,664) |
| Other income (expense): | ||
| Loss on impairment of note receivable | - | (97,533) |
| Other income | 200 | 2,500 |
| Interest expense, net | (61,826) | (23,420) |
| Total other income (expense) | (61,626) | (118,453) |
| Net loss | $(3,797,990) | $(1,621,117) |
| Net loss per common share – basic | $(0.02) | $(0.01) |
| Net loss per common share – diluted | $(0.02) | $(0.01) |
| Weighted average common shares outstanding | ||
| Basic | 221,362,425 | 201,542,775 |
| Diluted | 221,362,425 | 201,542,775 |
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