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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Consolidated Statements of Operations
| For the Years Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues | $2,364,093 | $104,066 |
| Cost of revenues | 1,490,064 | 81,656 |
| Gross profit | 874,029 | 22,410 |
| Operating expenses: | ||
| Selling, general and administrative expenses | 1,853,335 | 459,883 |
| Salaries and wages | 175,827 | - |
| Depreciation and amortization expense | 289,631 | 15,126 |
| Loss on sale of assets, related party | 57,900 | - |
| Total operating expenses | 2,376,693 | 475,009 |
| Operating loss | (1,502,664) | (452,599) |
| Other income (expense): | ||
| Gain (loss) on sale of assets | - | 168,855 |
| Loss on impairment of note receivable | (97,533) | - |
| Other income | 2,500 | 2,533 |
| Interest expense, net | (23,420) | (10,461) |
| Total other income (expense) | (118,453) | 160,927 |
| Net loss | $(1,621,117) | $(291,672) |
| Net loss per common share – basic | $(0.01) | $(0.00) |
| Net loss per common share – diluted | $(0.01) | $(0.00) |
| Weighted average common shares outstanding | ||
| Basic | 201,542,775 | 129,422,897 |
| Diluted | 201,542,775 | 129,422,897 |
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