MDWerks, Inc.
For the period ended Mar 31, 2025. Filed May 13, 2025.
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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.
Mar 31, 2025 · Filed May 13, 2025
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Consolidated Statements of Cash Flows (Unaudited)
Consolidated Statements of Cash Flows
| Three Months Ended | ||||
|---|---|---|---|---|
| March 31, 2025 · March 31, 2024 | ||||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||
| Net loss | $(629,354) | $(302,389) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Depreciation and amortization | 72,607 | 77,930 | ||
| Stock-based compensation | 66,322 | 15,000 | ||
| Allowance for credit losses | 11,715 | - | ||
| Interest income | - | (1,900) | ||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | 2,365 | (99,117) | ||
| Prepaid expense | 18,490 | (17,374) | ||
| Inventory | (17,537) | 40,815 | ||
| Right-of-use asset | 60,686 | 53,253 | ||
| Accounts payable | 37,030 | 32,991 | ||
| Accounts payable – related | (46,812) | - | ||
| Deferred revenue | 83,216 | (40,946) | ||
| Right-of-use liability | (80,044) | (39,194) | ||
| NET CASH USED IN OPERATING ACTIVITIES | (421,316) | (280,931) | ||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||
| Purchase of property and equipment | (604,377) | (8,820) | ||
| NET CASH USED IN INVESTING ACTIVITIES | (604,377) | (8,820) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||
| Proceeds from related party notes payable | 150,000 | 25,000 | ||
| Repayment of related party notes payable | (55,500) | (25,000) | ||
| Repayment of notes payable | (70,791) | (52,466) | ||
| Proceeds from subscription agreements | 1,584,000 | 390,000 | ||
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 1,607,709 | 337,534 | ||
| NET CHANGE IN CASH | 582,016 | 47,783 | ||
| CASH - BEGINNING OF YEAR | 11,159 | 115,111 | ||
| CASH - END OF PERIOD | $593,175 | $162,894 | ||
| Supplemental disclosures of cash flow information: | ||||
| Cash paid for interest | $276 | $ | - | |
| Cash paid for taxes | $ | - | $ | - |
| Supplemental disclosure of non-cash investing and financing activities | ||||
| Property and equipment acquired with notes payable | $ | - | $444,891 | |
| Common stock issued for inventory | $850,000 | $ | - | |
| Insurance being financed with a note payable | $171,050 | $ | - | |
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