MDWerks, Inc.
For the period ended Dec 31, 2024. Filed Mar 25, 2025.
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FY2024 · Filed Mar 25, 2025
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Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash | $11,159 | $115,111 |
| Note receivable | - | 97,533 |
| Accounts receivable, net | 109,142 | 106,734 |
| Inventory | 236,863 | 201,207 |
| Prepaid expenses | 17,000 | 28,632 |
| Total Current Assets | 374,164 | 549,217 |
| Fixed assets, net | 585,025 | 496,890 |
| Intangible assets, net | 558,784 | 615,161 |
| Right-of-use asset | 915,803 | 1,105,152 |
| Goodwill | 466,648 | 466,648 |
| Other non-current assets | 16,010 | - |
| Total Assets | $2,916,434 | $3,233,068 |
| Liabilities and Stockholders’ Equity (Deficit) | ||
| Current Liabilities | ||
| Accounts payable and accrued expenses | $822,111 | $668,748 |
| Accounts payable related party | 46,812 | - |
| Notes payable | 134,557 | 96,404 |
| Notes payable – related party | 123,000 | - |
| Deferred revenue | 226,066 | 52,779 |
| Right-of-use liability, current portion | 266,315 | 249,175 |
| Total Current Liabilities | 1,618,861 | 1,067,106 |
| Notes payable, net of current portion | 231,370 | 92,830 |
| Right-of use liability, net of current portion | 695,175 | 912,915 |
| Total Liabilities | 2,545,406 | 2,072,851 |
| Stockholders’ Equity (Deficit) | ||
| Preferred stock, par value $0.001; 10,000,000 shares authorized, of which 0 and 8,957,500 were issued and outstanding | - | 8,958 |
| Common stock, par value $0.001; 300,000,000 shares authorized, of which 204,744,872 and 198,724,868 shares were issued and outstanding at December 31, 2024 and 2023, respectively | 204,745 | 198,725 |
| Additional paid in capital | 2,511,788 | 1,691,922 |
| Subscription payable | 15,000 | - |
| Accumulated deficit | (2,360,505) | (739,388) |
| Total Stockholders’ Equity (Deficit) | 371,028 | 1,160,217 |
| Total Liabilities and Stockholders’ Equity (Deficit) | $2,916,434 | $3,233,068 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.