Medican Enterprises Inc (MDCN) Financial Statements (2024 and earlier)

Company Profile

Business Address 3440 E. RUSSELL ROAD
LAS VEGAS, NV 89120
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 6799 - Investors, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments79,624148,818370,465229,755  
Cash and cash equivalents79,624148,818370,465229,755  
Deposits current assets33,000     
Other undisclosed current assets   700,000294,500  
Total current assets:112,624148,8181,070,465524,255  
Noncurrent Assets
TOTAL ASSETS:112,624148,8181,070,465524,255  
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,954,48827,41043,881741,967176,187514
Interest and dividends payable  4,1724,172   
Accounts payable1,954,48823,23839,709741,967176,187 
Accrued liabilities      514
Debt176,057232,647    
Other liabilities145,578     
Due to related parties  164,552164,552   
Other undisclosed current liabilities5,749,937(4,172)(4,172)210,127120,701146,309
Total current liabilities:8,026,060420,437204,261952,094296,888146,823
Noncurrent Liabilities
Long-term debt and lease obligation  502,426    
Long-term debt, excluding current maturities  502,426    
Other undisclosed noncurrent liabilities389,3971,212,9992,042,796   
Total noncurrent liabilities:389,3971,715,4252,042,796   
Total liabilities:8,415,4572,135,8622,247,057952,094296,888146,823
Equity
Equity, attributable to parent, including:(8,302,833)(1,987,044)(1,176,592)(427,839)(296,888)(146,823)
Common stock      
Additional paid in capital49,224,55046,669,20738,877,04131,023,082770,428598,102
Accumulated deficit(57,576,152)(48,702,671)(40,096,220)(613,885)(613,885)(613,885)
Other undisclosed equity, attributable to parent 48,76946,42042,587(30,837,036)(453,431)(131,040)
Total equity:(8,302,833)(1,987,044)(1,176,592)(427,839)(296,888)(146,823)
TOTAL LIABILITIES AND EQUITY:112,624148,8181,070,465524,255  

Income Statement (P&L) (USD)

3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
Operating expenses(9,770,227)(9,349,497)(8,022,046)(30,395,107)(319,383)(20,574)
Other operating income, net
(Other Expenses)
     3,658514
Other undisclosed operating loss     (3,658)(514)
Operating loss:(9,770,227)(9,349,497)(8,022,046)(30,395,107)(319,383)(20,574)
Nonoperating income (expense)(38,176)  (576)  
Gain (loss), foreign currency transaction, before tax   (576)  
Interest and debt expense    (3,658)(514)
Other undisclosed loss from continuing operations before equity method investments, income taxes (239,434)     
Loss from continuing operations before income taxes:(10,047,837)(9,349,497)(8,022,046)(30,395,683)(323,041)(21,088)
Other undisclosed income from continuing operations 19,217,294     
Income (loss) from continuing operations:9,169,457(9,349,497)(8,022,046)(30,395,683)(323,041)(21,088)
Income (loss) before gain (loss) on sale of properties:9,169,457(9,349,497)(8,022,046)(30,395,683)(323,041)(21,088)
Other undisclosed net income (loss)(158,445)748,267(619,663)576  
Net income (loss):9,011,012(8,601,230)(8,641,709)(30,395,107)(323,041)(21,088)
Other undisclosed net loss attributable to parent (17,894,419)     
Net loss available to common stockholders, diluted:(8,883,407)(8,601,230)(8,641,709)(30,395,107)(323,041)(21,088)

Comprehensive Income (USD)

3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
Net income (loss):9,011,012(8,601,230)(8,641,709)(30,395,107)(323,041)(21,088)
Comprehensive income (loss):9,011,012(8,601,230)(8,641,709)(30,395,107)(323,041)(21,088)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(17,884,493)(5,221)35,630(568)  
Comprehensive loss, net of tax, attributable to parent:(8,873,481)(8,606,451)(8,606,079)(30,395,675)(323,041)(21,088)

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.

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