Max Sound Corp (MAXD) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
2902A COLORADO AVENUE SANTA MONICA, CA 90404 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 34 | 449 | 745 | 185,026 | 211,064 | ||||
| Cash and cash equivalents | 34 | 449 | 745 | 185,026 | 211,064 | ||||
| Prepaid expense | 59,730 | 62,230 | 82,681 | ||||||
| Deferred costs | 42,499 | 36,699 | |||||||
| Total current assets: | 34 | 449 | 60,475 | 289,755 | 330,444 | ||||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 44,063 | 61,423 | 130,961 | ||||||
| Regulated entity, other noncurrent assets | 7,737 | ||||||||
| Other noncurrent assets | 413 | 1,093,034 | |||||||
| Other undisclosed noncurrent assets | (7,737) | ||||||||
| Total noncurrent assets: | 44,063 | 61,836 | 1,223,995 | ||||||
| TOTAL ASSETS: | 34 | 449 | 104,538 | 351,591 | 1,554,439 | ||||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 3,122,045 | 2,461,172 | 1,920,895 | 1,214,691 | 691,981 | 1,650,531 | |||
| Accounts payable | 814,239 | 735,845 | 675,295 | 399,761 | 238,594 | 1,393,074 | |||
| Accrued liabilities | 2,307,806 | 1,725,327 | 1,245,600 | 814,930 | 453,387 | 257,457 | |||
| Debt | 8,711,324 | 7,874,413 | 5,987,527 | 5,508,972 | 4,389,733 | 1,977,112 | |||
| Other undisclosed current liabilities | 819,626 | 819,626 | 15,380,221 | 6,771,747 | 5,906,940 | 3,684,184 | |||
| Total current liabilities: | 12,652,995 | 11,155,211 | 23,288,643 | 13,495,410 | 10,988,654 | 7,311,827 | |||
| Noncurrent Liabilities | |||||||||
| Total liabilities: | 12,652,995 | 11,155,211 | 23,288,643 | 13,495,410 | 10,988,654 | 7,311,827 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (12,652,995) | (11,155,177) | (23,288,194) | (10,637,063) | (10,637,063) | (5,757,388) | |||
| Preferred stock | 100 | 50 | 50 | ||||||
| Common stock | 65,967 | 65,867 | 21,718 | 9,355 | 4,222 | ||||
| Treasury stock, value | (534,575) | (534,575) | (534,575) | (534,575) | (519,575) | (519,575) | |||
| Additional paid in capital | 70,787,984 | 70,787,984 | 70,776,084 | 68,564,307 | 64,355,387 | 58,052,946 | |||
| Accumulated deficit | (82,972,471) | (81,474,653) | (93,595,670) | (81,442,422) | (74,482,280) | (63,295,031) | |||
| Other undisclosed equity, attributable to parent | 66,067 | 100 | 100 | 2,753,809 | |||||
| Total equity: | (12,652,995) | (11,155,177) | (23,288,194) | (10,637,063) | (10,637,063) | (5,757,388) | |||
| Other undisclosed liabilities and equity | (2,753,809) | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 34 | 449 | 104,538 | 351,591 | 1,554,439 | ||||
Income Statement (P&L) (USD)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 26 | 35,220 | 177,011 | |||||
| Other income | 26 | 35,220 | 177,011 | |||||
| Gross profit: | 26 | 35,220 | 177,011 | |||||
| Operating expenses | (491,129) | (622,351) | (1,476,503) | (2,807,021) | (3,985,169) | (5,541,743) | ||
| Other undisclosed operating loss | (26) | (35,220) | (177,011) | |||||
| Operating loss: | (491,129) | (622,351) | (1,476,503) | (2,807,021) | (3,985,169) | (5,541,743) | ||
| Nonoperating income (expense) | (1,006,689) | 12,743,368 | (10,676,745) | (4,153,121) | (7,202,079) | (20,616,943) | ||
| Investment income, nonoperating | 13,849,590 | (8,080,251) | 868,761 | 1,492,926 | 2,935,450 | |||
| Debt instrument, convertible, beneficial conversion feature | 6,160,429 | |||||||
| Interest and debt expense | (497,321) | (3,525) | (418,510) | (316,462) | (220,124) | 126,676 | ||
| Income (loss) from continuing operations: | (1,995,139) | 12,117,492 | (12,571,758) | (7,276,604) | (11,407,372) | (26,032,010) | ||
| Income (loss) before gain (loss) on sale of properties: | (1,995,139) | 12,117,492 | (12,571,758) | (7,276,604) | (11,407,372) | (26,032,010) | ||
| Net income (loss): | (1,995,139) | 12,117,492 | (12,571,758) | (7,276,604) | (11,407,372) | (26,032,010) | ||
| Other undisclosed net income (loss) attributable to parent | 497,321 | 3,525 | 418,510 | 316,462 | 220,124 | (126,676) | ||
| Net income (loss) available to common stockholders, basic: | (1,497,818) | 12,121,017 | (12,153,248) | (6,960,142) | (11,187,248) | (26,158,686) | ||
| Dilutive securities, effect on basic earnings per share | 8,763,970,809 | 933,264,266 | 613,982,700 | |||||
| Net income (loss) available to common stockholders, diluted: | (1,497,818) | 12,121,017 | (12,153,248) | 8,757,010,667 | 922,077,018 | 587,824,014 | ||
Comprehensive Income (USD)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (1,995,139) | 12,117,492 | (12,571,758) | (7,276,604) | (11,407,372) | (26,032,010) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (1,995,139) | 12,117,492 | (12,571,758) | (7,276,604) | (11,407,372) | (26,032,010) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.