Mitesco, Inc. (MITI) Financial Statements (2024 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) | 80 - Health Services (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 | 36 | 1,164 | 65 | 83 | 1 | ||||
| Cash and cash equivalents | 36 | 1,164 | 65 | 83 | 1 | ||||
| Receivables | 31 | 44 | |||||||
| Inventory, net of allowances, customer advances and progress billings | 25 | ||||||||
| Inventory | 25 | ||||||||
| Prepaid expense | 114 | 73 | 10 | 3 | |||||
| Disposal group, including discontinued operation | |||||||||
| Total current assets: | 180 | 1,307 | 65 | 93 | 4 | ||||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 544 | 3,887 | 310 | ✕ | ✕ | ||||
| Property, plant and equipment | 1,878 | 3,476 | 6 | 8 | |||||
| Other undisclosed noncurrent assets | 1,985 | 417 | |||||||
| Total noncurrent assets: | 2,422 | 9,348 | 734 | 8 | |||||
| TOTAL ASSETS: | 2,602 | 10,655 | 799 | 101 | 4 | ||||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 7,353 | 3,976 | 245 | 119 | 972 | 965 | |||
| Interest and dividends payable | ✕ | ✕ | 60 | 51 | |||||
| Employee-related liabilities | ✕ | ✕ | 245 | 93 | |||||
| Accounts payable | 794 | 766 | |||||||
| Accrued liabilities | 591 | 295 | 26 | 117 | 148 | ||||
| Other undisclosed accounts payable and accrued liabilities | 6,762 | 3,681 | |||||||
| Debt | 5,113 | 1,049 | 460 | 77 | 30 | 60 | |||
| Derivative instruments and hedges, liabilities | 569 | 808 | 1,488 | ||||||
| Estimated litigation liability | 242 | ||||||||
| Disposal group, including discontinued operation | |||||||||
| Due to related parties | ✕ | 14 | 91 | ||||||
| Other liabilities | 96 | 169 | 95 | ||||||
| Other undisclosed current liabilities | 4,672 | 365 | 1,420 | 735 | 277 | 271 | |||
| Total current liabilities: | 17,802 | 5,559 | 3,029 | 2,419 | 1,535 | 1,387 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 3,973 | 312 | 123 | ||||||
| Long-term debt, excluding current maturities | 123 | ||||||||
| Liabilities, other than long-term debt | 3,937 | ||||||||
| Operating lease, liability | 3,937 | 3,973 | 312 | ✕ | ✕ | ||||
| Other undisclosed noncurrent liabilities | (3,973) | (312) | |||||||
| Total noncurrent liabilities: | 3,937 | 3,973 | 312 | 123 | |||||
| Total liabilities: | 21,739 | 9,532 | 3,341 | 2,419 | 1,658 | 1,387 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (19,137) | 1,123 | (2,542) | (2,318) | (1,654) | (1,387) | |||
| Preferred stock | 0 | ||||||||
| Common stock | 46 | 2,133 | 1,554 | 813 | 316 | 189 | |||
| Common stock, share subscribed but unissued, subscriptions receivable | (96) | ||||||||
| Common stock, value, subscriptions | 37 | 132 | 10 | ||||||
| Additional paid in capital | 29,453 | 24,295 | 10,341 | 8,408 | 5,684 | 4,660 | |||
| Accumulated deficit | (48,714) | (25,478) | (14,437) | (11,577) | (7,691) | (6,276) | |||
| Other undisclosed equity, attributable to parent | 137 | 41 | 0 | 37 | 37 | 30 | |||
| Total equity: | (19,137) | 1,123 | (2,542) | (2,318) | (1,654) | (1,387) | |||
| TOTAL LIABILITIES AND EQUITY: | 2,602 | 10,655 | 799 | 101 | 4 | ||||
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 | 691 | 116 | 4 | |||||
| Cost of revenue (Cost of Goods and Services Sold) | (2,056) | (456) | ||||||
| Gross profit: | (1,366) | (340) | 4 | |||||
| Operating expenses | (16,819) | (6,059) | (2,534) | (1,448) | (1,316) | (700) | ||
| Operating loss: | (18,185) | (6,399) | (2,534) | (1,444) | (1,316) | (700) | ||
| Nonoperating expense (Other Nonoperating expense) | (5,051) | (1,524) | (327) | (2,441) | (99) | (54) | ||
| Interest and debt expense | (3,211) | 2 | 35 | (161) | (29) | (5) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (35) | 161 | 29 | 5 | ||||
| Loss from continuing operations before equity method investments, income taxes: | (26,447) | (7,921) | (2,861) | (3,885) | (1,415) | (754) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 3,211 | (2) | ||||||
| Loss from continuing operations: | (23,236) | (7,923) | (2,861) | (3,885) | (1,415) | (754) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (7,923) | (2,861) | (3,885) | (1,415) | (754) | |
| Loss from discontinued operations | ||||||||
| Net loss attributable to parent: | (23,236) | (7,923) | (2,861) | (3,885) | (1,415) | (754) | ||
| Preferred stock dividends and other adjustments | (322) | (3,119) | ||||||
| Other undisclosed net loss available to common stockholders, basic | (185) | (76) | ||||||
| Net loss available to common stockholders, diluted: | (23,558) | (11,226) | (2,936) | (3,885) | (1,415) | (754) | ||
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 loss: | (23,236) | (7,923) | (2,861) | (3,885) | (1,415) | (754) | ||
| Comprehensive loss, net of tax, attributable to parent: | (23,236) | (7,923) | (2,861) | (3,885) | (1,415) | (754) | ||
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.