Medifirst Solutions Inc (MFST) financial statements (2020 and earlier)

Company profile

Business Address 4400 ROUTE 9 SOUTH
FREEHOLD, NJ 07728
State of Incorp. NV
Fiscal Year End December 31
SIC 3845 - Electromedical and Electrotherapeutic Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 832881651571
Cash and cash equivalents 832881651571
Receivables     2
Inventory, net of allowances, customer advances and progress billings 333314505
Inventory 333314505
Prepaid expense   16 1
Total current assets: 1163211952079
Noncurrent Assets
Property, plant and equipment 11226
Intangible assets, net (including goodwill) 101116138  
Intangible assets, net (excluding goodwill) 101116138  
Other undisclosed noncurrent assets 111 1
Total noncurrent assets: 10211814027
TOTAL ASSETS: 21943933520916
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 2229875124319
Accrued liabilities 389401405370 
Other undisclosed accounts payable and accrued liabilities (167)(303)(330)(246)319
Debt 53129516120553
Derivative instruments and hedges, liabilities 263252145158 
Due to related parties 99996
Other undisclosed current liabilities 440535797370 
Total current liabilities: 1,4651,1881,186865378
Noncurrent Liabilities
Total liabilities: 1,4651,1881,186865378
Stockholders' equity
Stockholders' equity attributable to parent, including: (1,246)(749)(852)(656)(362)
Preferred stock     0
Common stock 0852342
Additional paid in capital 3,4872,8311,233310259
Accumulated deficit (4,734)(3,665)(2,107)(970)(623)
Other undisclosed stockholders' equity attributable to parent 0000 
Total stockholders' equity: (1,246)(749)(852)(656)(362)
TOTAL LIABILITIES AND EQUITY: 21943933520916

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 2930 286
Revenue, net30  80
Other operating income 23    
Financial services revenue  2 
Cost of revenue (1)(1) (5)(50)
Cost of goods and services sold (1)(1)  (1)
Gross profit: 2829 (3)35
Operating expenses (793)(981)(734)(244)(326)
Operating loss: (764)(952)(734)(248)(290)
Nonoperating income (expense) 0 0 (292)
Investment income, nonoperating 0 0  
Other nonoperating expense     (292)
Interest and debt expense (647)(405)(647)(93)(2)
Loss from continuing operations before equity method investments, income taxes: (1,411)(1,357)(1,380)(340)(584)
Other undisclosed income (loss) from continuing operations before income taxes 342(201)243  
Loss from continuing operations before income taxes: (1,069)(1,558)(1,138)(340)(584)
Income tax expense     (1)
Loss before gain (loss) on sale of properties: (1,069)(1,558)(1,138)(340)(585)
Other undisclosed net income   3,2451,304 
Net income (loss): (1,069)(1,558)2,107964(585)
Other undisclosed net income (loss) attributable to parent   (3,245)(1,308)292
Net loss available to common stockholders, diluted: (1,069)(1,558)(1,138)(344)(293)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): (1,069)(1,558)2,107964(585)
Comprehensive income (loss), net of tax, attributable to parent: (1,069)(1,558)2,107964(585)

Statements sources

The financial statements are based on the company's filings with the 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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