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)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3252560366
Cash and cash equivalents3252560366
Receivables    731123
Inventory, net of allowances, customer advances and progress billings    0 56
Inventory    0 56
Prepaid expense  6060114139
Disposal group, including discontinued operation  2    
Total current assets:32631667180324
Noncurrent Assets
Operating lease, right-of-use asset     5443,806
Property, plant and equipment  (1,100)(1,100)471,8785,520
Other undisclosed noncurrent assets  1,1001,100  999
Total noncurrent assets:    472,42210,324
TOTAL ASSETS:3263161142,60210,649
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:7,8381,9048,2958,3417,3536,470
Accounts payable7,0941,4667,373  6,470
Accrued liabilities744437922859591 
Other undisclosed accounts payable and accrued liabilities    7,4826,762 
Debt1,0791,1431,5996,1665,1136,652
Derivative instruments and hedges, liabilities153153138680569304
Estimated litigation liability2,220    138
Disposal group, including discontinued operation  9,955    
Other liabilities12196961219696
Other undisclosed current liabilities2,7244,2575,1725,0664,672707
Total current liabilities:14,13517,50815,30020,37417,80214,367
Noncurrent Liabilities
Long-term debt and lease obligation:      4,072
Liabilities, other than long-term debt   3,5233,5543,937 
Operating lease, liability   3,5233,5543,9374,072
Other undisclosed noncurrent liabilities   (49)  (4,072)
Total noncurrent liabilities:   3,4733,5543,9374,072
Total liabilities:14,13517,50818,77323,92821,73918,439
Equity
Equity, attributable to parent, including:(14,132)(17,482)(18,458)(23,814)(19,137)(7,790)
Common stock56555150462,271
Common stock, share subscribed but unissued, subscriptions receivable     (96) 
Common stock, value, subscriptions    373737
Additional paid in capital47,85645,88043,35630,38629,45326,874
Accumulated deficit(62,047)(63,425)(61,873)(54,328)(48,714)(37,013)
Other undisclosed equity, attributable to parent3884213742
Total equity:(14,132)(17,482)(18,458)(23,814)(19,137)(7,790)
TOTAL LIABILITIES AND EQUITY:3263161142,60210,649

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues 41   203198
Cost of revenue
(Cost of Goods and Services Sold)
   (6)(2)(356)(506)
Gross profit:   (6)(2)(153)(308)
Operating expenses(236)(322)(846)(4,283)(9,914)(2,001)
Operating loss:(236)(322)(852)(4,286)(10,066)(2,309)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
158(1,215)(6,692)(1,328)(1,636)(1,775)
Interest and debt expense(7,745)(70)(94)(1,376)(3,226)(1,713)
Income (loss) from continuing operations before equity method investments, income taxes:(7,823)(1,607)(7,638)(6,990)(14,928)(5,797)
Other undisclosed income from continuing operations before income taxes 7,74570941,3763,2261,713
Income (loss) from continuing operations:(78)(1,537)(7,544)(5,614)(11,702)(4,084)
Loss before gain (loss) on sale of properties:(4,084)
Income (loss) from discontinued operations 1,456(15)    
Net income (loss):1,378(1,552)(7,544)(5,614)(11,702)(4,084)
Other undisclosed net income attributable to parent      
Net income (loss) attributable to parent:1,378(1,552)(7,544)(5,614)(11,702)(4,084)
Other undisclosed net loss available to common stockholders, basic   (469)(80)(81)(81)
Net income (loss) available to common stockholders, diluted:1,378(1,552)(8,013)(5,694)(11,783)(4,165)

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):1,378(1,552)(7,544)(5,614)(11,702)(4,084)
Comprehensive income (loss), net of tax, attributable to parent:1,378(1,552)(7,544)(5,614)(11,702)(4,084)

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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