Max Sound Corp (MAXD) Financial Statements (2024 and earlier)

Company Profile

Business Address 2902A COLORADO AVENUE
SANTA MONICA, CA 90404
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

6/30/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   34449745185,026
Cash and cash equivalents   34449745185,026
Prepaid expense     59,73062,230
Deferred costs      42,499
Total current assets:   3444960,475289,755
Noncurrent Assets
Property, plant and equipment     44,06361,423
Regulated entity, other noncurrent assets    7,737  
Other noncurrent assets      413
Other undisclosed noncurrent assets    (7,737)  
Total noncurrent assets:     44,06361,836
TOTAL ASSETS:   34449104,538351,591
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 3,733,5193,122,0452,461,1721,920,8951,214,691691,981
Accounts payable 863,061814,239735,845675,295399,761238,594
Accrued liabilities 2,870,4582,307,8061,725,3271,245,600814,930453,387
Debt  8,711,3247,874,4135,987,5275,508,9724,389,733
Other undisclosed current liabilities 10,034,302819,626819,62615,380,2216,771,7475,906,940
Total current liabilities: 13,767,82112,652,99511,155,21123,288,64313,495,41010,988,654
Noncurrent Liabilities
Total liabilities: 13,767,82112,652,99511,155,21123,288,64313,495,41010,988,654
Equity
Equity, attributable to parent, including: (13,767,821)(12,652,995)(11,155,177)(23,288,194)(10,637,063)(10,637,063)
Preferred stock     10050
Common stock 70,717 65,96765,86721,7189,355
Treasury stock, value (534,575)(534,575)(534,575)(534,575)(534,575)(519,575)
Additional paid in capital 71,063,23470,787,98470,787,98470,776,08468,564,30764,355,387
Accumulated deficit (84,367,297)(82,972,471)(81,474,653)(93,595,670)(81,442,422)(74,482,280)
Other undisclosed equity, attributable to parent 10066,0671001002,753,809 
Total equity: (13,767,821)(12,652,995)(11,155,177)(23,288,194)(10,637,063)(10,637,063)
Other undisclosed liabilities and equity     (2,753,809) 
TOTAL LIABILITIES AND EQUITY:   34449104,538351,591

Income Statement (P&L) (USD)

6/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 288,000   2635,220
Other income     2635,220
Gross profit: 288,000   2635,220
Operating expenses (666,048)(491,129)(622,351)(1,476,503)(2,807,021)(3,985,169)
Other undisclosed operating loss     (26)(35,220)
Operating loss: (378,048)(491,129)(622,351)(1,476,503)(2,807,021)(3,985,169)
Nonoperating income (expense) (1,016,778)(1,006,689)12,743,368(10,676,745)(4,153,121)(7,202,079)
Investment income, nonoperating   13,849,590(8,080,251)868,7611,492,926
Debt instrument, convertible, beneficial conversion feature  6,160,429    
Interest and debt expense (476,171)(497,321)(3,525)(418,510)(316,462)(220,124)
Income (loss) from continuing operations: (1,870,997)(1,995,139)12,117,492(12,571,758)(7,276,604)(11,407,372)
Income (loss) before gain (loss) on sale of properties:(1,870,997)(1,995,139)12,117,492(12,571,758)(7,276,604)(11,407,372)
Net income (loss): (1,870,997)(1,995,139)12,117,492(12,571,758)(7,276,604)(11,407,372)
Other undisclosed net income attributable to parent 476,171497,3213,525418,510316,462220,124
Net income (loss) available to common stockholders, basic: (1,394,826)(1,497,818)12,121,017(12,153,248)(6,960,142)(11,187,248)
Dilutive securities, effect on basic earnings per share     8,763,970,809933,264,266
Net income (loss) available to common stockholders, diluted: (1,394,826)(1,497,818)12,121,017(12,153,248)8,757,010,667922,077,018

Comprehensive Income (USD)

6/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss): (1,870,997)(1,995,139)12,117,492(12,571,758)(7,276,604)(11,407,372)
Comprehensive income (loss), net of tax, attributable to parent: (1,870,997)(1,995,139)12,117,492(12,571,758)(7,276,604)(11,407,372)

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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