Mitesco, Inc. (MITI) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
505 BEACHLAND BLVD., SUITE 1377 VERO BEACH, FL 32963 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 3 | 3 | 36 | 1,164 | 65 | 83 | |||
| Cash and cash equivalent | 3 | 3 | 36 | 1,164 | 65 | 83 | |||
| Receivables | 30 | 31 | 44 | ||||||
| Inventory, net of allowances, customer advances and progress billings | 25 | ||||||||
| Inventory | 25 | ||||||||
| Prepaid expense | 5 | 114 | 73 | 10 | |||||
| Total current assets: | 38 | 3 | 180 | 1,307 | 65 | 93 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 544 | 3,887 | 310 | ||||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 1,878 | 3,476 | 6 | 8 | |||||
| Intangible asset, including goodwill, after accumulated amortization | 152 | ||||||||
| Intangible asset, excluding goodwill, after accumulated amortization | 152 | ||||||||
| Other undisclosed noncurrent assets | 1,985 | 417 | |||||||
| Total noncurrent assets: | 152 | 2,422 | 9,348 | 734 | 8 | ||||
| TOTAL ASSETS: | 190 | 3 | 2,602 | 10,655 | 799 | 101 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 4,167 | 7,838 | 7,353 | 3,976 | 245 | 119 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 245 | 93 | |||
| Accounts payable | 3,677 | 7,094 | |||||||
| Accrued liabilities | 490 | 744 | 591 | 295 | 26 | ||||
| Other undisclosed accounts payable and accrued liabilities | 6,762 | 3,681 | |||||||
| Deferred revenue | |||||||||
| Debt | 548 | 1,079 | 5,113 | 1,049 | 460 | 77 | |||
| Derivative instruments and hedges, liabilities | 4,686 | 153 | 569 | 808 | 1,488 | ||||
| Estimated litigation liability | 2,667 | 2,220 | |||||||
| Other liabilities | 96 | 121 | 96 | 169 | 95 | ||||
| Other undisclosed current liabilities | 6,279 | 2,724 | 4,672 | 365 | 1,420 | 735 | |||
| Total current liabilities: | 18,443 | 14,135 | 17,802 | 5,559 | 3,029 | 2,419 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 3,973 | 312 | |||||||
| Liabilities, other than long-term debt | 3,937 | ||||||||
| Operating lease, liability | 3,937 | 3,973 | 312 | ||||||
| Other undisclosed noncurrent liabilities | 8,163 | (3,973) | (312) | ||||||
| Total noncurrent liabilities: | 8,163 | 3,937 | 3,973 | 312 | |||||
| Total liabilities: | 26,606 | 14,135 | 21,739 | 9,532 | 3,341 | 2,419 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (26,416) | (14,132) | (19,137) | 1,123 | (2,542) | (2,318) | |||
| Preferred stock | 0 | ||||||||
| Common stock | 98 | 56 | 46 | 2,133 | 1,554 | 813 | |||
| Common stock, share subscribed but unissued, subscriptions receivable | (96) | ||||||||
| Common stock, value, subscriptions | 37 | 132 | |||||||
| Additional paid in capital | 37,341 | 47,856 | 29,453 | 24,295 | 10,341 | 8,408 | |||
| Accumulated deficit | (63,855) | (62,047) | (48,714) | (25,478) | (14,437) | (11,577) | |||
| Other undisclosed equity, attributable to parent | 0 | 3 | 137 | 41 | 0 | 37 | |||
| Total equity: | (26,416) | (14,132) | (19,137) | 1,123 | (2,542) | (2,318) | |||
| TOTAL LIABILITIES AND EQUITY: | 190 | 3 | 2,602 | 10,655 | 799 | 101 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 44 | 41 | 691 | 116 | 4 | |||
| Other income | 41 | |||||||
| Cost of revenue (Cost of Product and Service Sold) | (2,056) | (456) | ||||||
| Gross profit: | 44 | 41 | (1,366) | (340) | 4 | |||
| Operating expenses | (1,207) | (2,587) | (16,819) | (6,059) | (2,534) | (1,448) | ||
| Other undisclosed operating income (loss) | (41) | |||||||
| Operating loss: | (1,164) | (2,587) | (18,185) | (6,399) | (2,534) | (1,444) | ||
| Nonoperating expense (Other Nonoperating expense) | (1,348) | (9,377) | (5,051) | (1,524) | (327) | (2,441) | ||
| Interest and debt expense | 516 | (7,644) | (3,211) | 2 | 35 | (161) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (35) | 161 | ||||||
| Loss from continuing operations before equity method investments, income taxes: | (1,996) | (19,607) | (26,447) | (7,921) | (2,861) | (3,885) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (516) | 7,644 | 3,211 | (2) | ||||
| Loss from continuing operations: | (2,512) | (11,963) | (23,236) | (7,923) | (2,861) | (3,885) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (7,923) | (2,861) | (3,885) | |
| Loss from discontinued operations | (1,369) | |||||||
| Net loss: | (2,512) | (13,332) | (23,236) | (7,923) | (2,861) | (3,885) | ||
| Other undisclosed net income attributable to parent | ||||||||
| Net loss attributable to parent: | (2,512) | (13,332) | (23,236) | (7,923) | (2,861) | (3,885) | ||
| Preferred stock dividends and other adjustments | (322) | (3,119) | ||||||
| Other undisclosed net income (loss) available to common stockholders, basic | (185) | (76) | ||||||
| Net loss available to common stockholders, basic: | (2,512) | (13,332) | (23,558) | (11,226) | (2,936) | (3,885) | ||
| Interest on convertible debt | ||||||||
| Convertible preferred dividends | ||||||||
| Other undisclosed net loss available to common stockholders, diluted | ||||||||
| Net loss available to common stockholders, diluted: | (2,512) | (13,332) | (23,558) | (11,226) | (2,936) | (3,885) | ||
Comprehensive Income ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (2,512) | (13,332) | (23,236) | (7,923) | (2,861) | (3,885) | ||
| Comprehensive loss, net of tax, attributable to parent: | (2,512) | (13,332) | (23,236) | (7,923) | (2,861) | (3,885) | ||
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.