Madison Technologies Inc. (MDEX) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
2500 WESTCHESTER AVENUE PURCHASE, NY 10577 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 59 - Miscellaneous Retail (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 56 | 9 | 1 | 3 | 3 | ||||
| Cash and cash equivalent | 56 | 9 | 1 | 3 | 3 | ||||
| Receivables | 750 | ||||||||
| Prepaid expense | 13 | 68 | 5 | 3 | |||||
| Other current assets | 11,726 | ||||||||
| Other undisclosed current assets | 877 | ||||||||
| Total current assets: | 11,739 | 1,682 | 77 | 7 | 6 | 3 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,401 | ✕ | ✕ | ||||||
| Property, plant and equipment | 1,486 | ||||||||
| Long-term investments and receivables | 0 | 0 | |||||||
| Long-term investments | 0 | 0 | |||||||
| Intangible assets, net (including goodwill), including: | 12,197 | 434 | 18 | ||||||
| Intangible assets, net (excluding goodwill) | 12,197 | 433 | 18 | ||||||
| Other undisclosed intangible assets, net (including goodwill) | 0 | ||||||||
| Other undisclosed noncurrent assets | (0) | ||||||||
| Total noncurrent assets: | 0 | 15,084 | 433 | 18 | |||||
| TOTAL ASSETS: | 11,739 | 16,766 | 511 | 7 | 6 | 21 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 741 | 792 | 62 | 34 | 48 | 45 | |||
| Accounts payable | 372 | ||||||||
| Accrued liabilities | 174 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 195 | 792 | 62 | 34 | 48 | 45 | |||
| Debt | 17,845 | 850 | 495 | 298 | 289 | 123 | |||
| Other liabilities | 2,583 | ||||||||
| Due to related parties | ✕ | 0 | 0 | 0 | |||||
| Other undisclosed current liabilities | 4,414 | 54 | |||||||
| Total current liabilities: | 21,169 | 6,056 | 611 | 332 | 338 | 169 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,879 | 14,384 | 58 | ||||||
| Long-term debt, excluding current maturities | 1,879 | 12,919 | 58 | ||||||
| Operating lease, liability | 1,465 | ✕ | ✕ | ||||||
| Other undisclosed noncurrent liabilities | (1,465) | ||||||||
| Total noncurrent liabilities: | 1,879 | 14,384 | 58 | ||||||
| Other undisclosed liabilities | 5,424 | 33 | 34 | 230 | |||||
| Total liabilities: | 28,472 | 20,440 | 669 | 365 | 372 | 398 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (16,734) | (3,675) | (158) | (358) | (366) | (377) | |||
| Common stock | 1,603 | 1,599 | 23 | 18 | 17 | 12 | |||
| Common stock, value, subscriptions | 30 | ||||||||
| Additional paid in capital | 10,549 | 10,473 | 1,303 | 198 | 119 | 89 | |||
| Accumulated deficit | (28,887) | (15,747) | (1,484) | (574) | (532) | (478) | |||
| Other undisclosed equity, attributable to parent | 0 | ||||||||
| Other undisclosed equity | 1 | 1 | |||||||
| Total equity: | (16,733) | (3,673) | (158) | (358) | (366) | (377) | |||
| TOTAL LIABILITIES AND EQUITY: | 11,739 | 16,766 | 511 | 7 | 6 | 21 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,244 | 1 | 5 | 4 | 7 | |||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 7 | |
| Cost of revenue (Cost of Product and Service Sold) | (1) | (3) | (3) | (5) | ||||
| Gross profit: | 1,244 | 1 | 2 | 2 | 2 | |||
| Operating expenses | (3,555) | (8,535) | (508) | (38) | (50) | (49) | ||
| Other undisclosed operating loss | ||||||||
| Operating loss: | (3,555) | (7,291) | (508) | (36) | (48) | (47) | ||
| Nonoperating income (expense) | (5,913) | 6 | ||||||
| Other nonoperating income | 39 | 6 | ||||||
| Interest and debt expense | (5,952) | 9,126 | (25) | (6) | (12) | (6) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (15,421) | 1,841 | (532) | (42) | (60) | (53) | ||
| Other undisclosed income from continuing operations before income taxes | 25 | 6 | 12 | 6 | ||||
| Income (loss) from continuing operations before income taxes: | (15,421) | 1,841 | (508) | (36) | (48) | (47) | ||
| Income tax expense | ||||||||
| Income (loss) from continuing operations: | (15,421) | 1,841 | (508) | (36) | (48) | (47) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 1,362 | (508) | (36) | (48) | (47) | |
| Income (loss) from discontinued operations | (3,671) | (479) | ||||||
| Other undisclosed net loss | ||||||||
| Net income (loss): | (19,092) | 1,362 | (508) | (36) | (48) | (47) | ||
| Other undisclosed net income (loss) attributable to parent | 5,952 | (15,625) | (402) | (6) | (6) | (6) | ||
| Net loss available to common stockholders, basic: | (13,140) | (14,263) | (910) | (42) | (54) | (53) | ||
| Interest on convertible debt | 22,155 | 17,365 | ||||||
| Convertible preferred dividends | 866,192 | |||||||
| Net income (loss) available to common stockholders, diluted: | 9,015 | 869,295 | (910) | (42) | (54) | (53) | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (19,092) | 1,362 | (508) | (36) | (48) | (47) | ||
| Comprehensive income (loss): | (19,092) | 1,362 | (508) | (36) | (48) | (47) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (6) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (19,092) | 1,362 | (508) | (36) | (48) | (53) | ||
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.