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)

12/31/2023
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 investments361,16465831 
Cash and cash equivalents361,16465831 
Receivables 3144    
Inventory, net of allowances, customer advances and progress billings  25    
Inventory  25    
Prepaid expense 11473 103 
Total current assets:1801,30765934 
Noncurrent Assets
Operating lease, right-of-use asset 5443,887310 
Property, plant and equipment 1,8783,47668  
Other undisclosed noncurrent assets  1,985417   
Total noncurrent assets: 2,4229,3487348  
TOTAL ASSETS:2,60210,6557991014 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:7,3533,976245119972965
Interest and dividends payable   6051
Employee-related liabilities 24593  
Accounts payable    794766
Accrued liabilities591295 26117148
Other undisclosed accounts payable and accrued liabilities 6,7623,681    
Debt5,1131,049460773060
Derivative instruments and hedges, liabilities569 8081,488  
Estimated litigation liability    242 
Other liabilities9616995   
Due to related parties    1491
Other undisclosed current liabilities4,6723651,420735277271
Total current liabilities:17,8025,5593,0292,4191,5351,387
Noncurrent Liabilities
Long-term debt and lease obligation  3,973312 123 
Long-term debt, excluding current maturities     123 
Liabilities, other than long-term debt 3,937     
Operating lease, liability 3,9373,973312 
Other undisclosed noncurrent liabilities  (3,973)(312)   
Total noncurrent liabilities: 3,9373,973312 123 
Total liabilities:21,7399,5323,3412,4191,6581,387
Equity
Equity, attributable to parent, including:(19,137)1,123(2,542)(2,318)(1,654)(1,387)
Preferred stock    0  
Common stock462,1331,554813316189
Common stock, share subscribed but unissued, subscriptions receivable (96)     
Common stock, value, subscriptions 37132   10
Additional paid in capital29,45324,29510,3418,4085,6844,660
Accumulated deficit(48,714)(25,478)(14,437)(11,577)(7,691)(6,276)
Other undisclosed equity, attributable to parent137410373730
Total equity:(19,137)1,123(2,542)(2,318)(1,654)(1,387)
TOTAL LIABILITIES AND EQUITY:2,60210,6557991014 

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues691116 4  
Other income      
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)
Other undisclosed operating loss      
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)235(161)(29)(5)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (35)161295
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 taxes3,211(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)

12/31/2023
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.

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