Medifirst Solutions Inc (MFST) financial statements (2020 and earlier)

Company profile

Business Address 4400 ROUTE 9 SOUTH
FREEHOLD, NJ 07728
State of Incorp. NV
Fiscal Year End December 31
SIC 3845 - Electromedical and Electrotherapeutic Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2873132768378173235
Cash and cash equivalents2873132768378173235
Receivables  4    
Inventory, net of allowances, customer advances and progress billings48483133333333
Inventory48483133333333
Prepaid expense2    26
Total current assets:337361311116111207274
Noncurrent Assets
Property, plant and equipment0001111
Intangible assets, net (including goodwill)909498101105109113
Intangible assets, net (excluding goodwill)909498101105109113
Other undisclosed noncurrent assets2933381111
Total noncurrent assets:119127136102106110114
TOTAL ASSETS:456488447219217318388
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:217218200222187157115
Accrued liabilities392400403389390395397
Other undisclosed accounts payable and accrued liabilities(174)(182)(203)(167)(204)(238)(281)
Debt583657594531556306429
Derivative instruments and hedges, liabilities717685947263212604198
Due to related parties9999999
Other undisclosed current liabilities412443460440458475516
Total current liabilities:1,9392,0122,2111,4651,4221,5511,266
Noncurrent Liabilities
Other undisclosed noncurrent liabilities101622    
Total noncurrent liabilities:101622    
Total liabilities:1,9492,0282,2331,4651,4221,5511,266
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,494)(1,540)(1,786)(1,246)(1,205)(1,233)(878)
Common stock511000124
Additional paid in capital4,7744,2053,7553,4873,2313,1632,957
Accumulated deficit(6,272)(5,746)(5,542)(4,734)(4,436)(4,396)(3,960)
Other undisclosed stockholders' equity attributable to parent0000000
Other undisclosed stockholders' equity  0    
Total stockholders' equity:(1,494)(1,540)(1,786)(1,246)(1,205)(1,233)(878)
TOTAL LIABILITIES AND EQUITY:456488447219217318388

Income statement (P&L) ($ in thousands)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Revenues 25261312 5
Revenue, net5
Other operating income 1991112  
Cost of revenue
(Cost of Goods and Services Sold)
 (1)(2)(0)  (0)
Gross profit: 25251312 4
Operating expenses(173)(163)(276)(340)(149)(163)(141)
Operating loss:(173)(138)(251)(327)(137)(163)(137)
Nonoperating income
(Investment Income, Nonoperating)
100 00 
Interest and debt expense(201)(184)(120)(83)(273)(156)(135)
Loss from continuing operations before equity method investments, income taxes:(374)(322)(371)(410)(410)(319)(272)
Other undisclosed income (loss) from continuing operations before income taxes(153)118(437)112370(117)(23)
Net loss available to common stockholders, diluted:(527)(203)(808)(298)(40)(436)(295)

Comprehensive Income ($ in thousands)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Net loss:(527)(203)(808)(298)(40)(436)(295)
Comprehensive loss, net of tax, attributable to parent:(527)(203)(808)(298)(40)(436)(295)

Statements sources

The financial statements are based on the company's filings with the 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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