Madison Technologies Inc. (MDEX) Financial Statements (2024 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  569133
Cash and cash equivalents  569133
Receivables  750    
Prepaid expense 13 6853 
Other current assets 11,726     
Other undisclosed current assets  877    
Total current assets: 11,7391,68277763
Noncurrent Assets
Operating lease, right-of-use asset  1,401  
Property, plant and equipment  1,486    
Long-term investments and receivables 00    
Long-term investments 00    
Intangible assets, net (including goodwill), including:  12,197434  18
Intangible assets, net (excluding goodwill)  12,197433  18
Other undisclosed intangible assets, net (including goodwill)   0   
Other undisclosed noncurrent assets   (0)   
Total noncurrent assets: 015,084433  18
TOTAL ASSETS: 11,73916,7665117621
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:74179262344845
Accounts payable372     
Accrued liabilities174     
Other undisclosed accounts payable and accrued liabilities19579262344845
Debt17,845850495298289123
Other liabilities 2,583     
Due to related parties   000
Other undisclosed current liabilities  4,41454   
Total current liabilities:21,1696,056611332338169
Noncurrent Liabilities
Long-term debt and lease obligation1,87914,38458   
Long-term debt, excluding current maturities1,87912,91958   
Operating lease, liability  1,465  
Other undisclosed noncurrent liabilities  (1,465)    
Total noncurrent liabilities:1,87914,38458   
Other undisclosed liabilities5,424  3334230
Total liabilities:28,47220,440669365372398
Equity
Equity, attributable to parent, including:(16,734)(3,675)(158)(358)(366)(377)
Common stock1,6031,59923181712
Common stock, value, subscriptions     30 
Additional paid in capital10,54910,4731,30319811989
Accumulated deficit(28,887)(15,747)(1,484)(574)(532)(478)
Other undisclosed equity, attributable to parent   0   
Other undisclosed equity 11    
Total equity:(16,733)(3,673)(158)(358)(366)(377)
TOTAL LIABILITIES AND EQUITY:11,73916,7665117621

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 1,2441547
Revenue, net7
Cost of revenue
(Cost of Goods and Services Sold)
   (1)(3)(3)(5)
Gross profit:  1,2441222
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 396    
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   256126
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 parent5,952(15,625)(402)(6)(6)(6)
Net loss available to common stockholders, basic:(13,140)(14,263)(910)(42)(54)(53)
Interest on convertible debt22,15517,365    
Convertible preferred dividends  866,192    
Net income (loss) available to common stockholders, diluted:9,015869,295(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.

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