MDWerks, Inc.
For the period ended Mar 31, 2025. Filed May 13, 2025.
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.
Mar 31, 2025 · Filed May 13, 2025
MDWKStored price and day change unavailable
Contents
Item 1. Consolidated Balance Sheets (Unaudited)
Consolidated Balance Sheets
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash | $593,175 | $11,159 |
| Accounts receivable, net | 95,062 | 109,142 |
| Inventory | 1,104,400 | 236,863 |
| Prepaid expenses | 169,560 | 17,000 |
| Total Current Assets | 1,962,197 | 374,164 |
| Fixed assets, net | 1,130,896 | 585,025 |
| Intangible assets, net | 544,683 | 558,784 |
| Right-of-use asset | 855,117 | 915,803 |
| Goodwill | 466,648 | 466,648 |
| Other non-current assets | 16,010 | 16,010 |
| Total Assets | $4,975,551 | $2,916,434 |
| Liabilities and Stockholders’ Equity (Deficit) | ||
| Current Liabilities | ||
| Accounts payable and accrued expenses | $859,141 | $822,111 |
| Accounts payable – related party | - | 46,812 |
| Notes payable | 277,446 | 134,557 |
| Notes payable – related party | 67,500 | 123,000 |
| Deferred revenue | 309,282 | 226,066 |
| Right-of-use liability, current portion | 226,664 | 266,315 |
| Total Current Liabilities | 1,740,033 | 1,618,861 |
| Notes payable – related party, net of current portion | 188,740 | 231,370 |
| Notes payable, net of current portion | 150,000 | - |
| Right-of use liability, net of current portion | 654,782 | 695,175 |
| Total Liabilities | 2,733,555 | 2,545,406 |
| Stockholders’ Equity (Deficit) | ||
| Preferred stock, par value $0.001; 10,000,000 shares authorized, of which 0 were issued and outstanding | - | - |
| Common stock, par value $0.001; 300,000,000 shares authorized, of which 219,931,062 and 204,744,872 shares were issued and outstanding at March 31, 2025 and December 31, 2024, respectively | 219,931 | 204,745 |
| Additional paid in capital | 4,822,674 | 2,511,788 |
| Subscription payable | 189,250 | 15,000 |
| Accumulated deficit | (2,989,859) | (2,360,505) |
| Total Stockholders’ Equity (Deficit) | 2,241,996 | 371,028 |
| Total Liabilities and Stockholders’ Equity (Deficit) | $4,975,551 | $2,916,434 |
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