Medifirst Solutions Inc (MFST) financial statements (2021 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)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8328816515714
Cash and cash equivalents8328816515714
Receivables    2 
Inventory, net of allowances, customer advances and progress billings3333145058
Inventory3333145058
Prepaid expense  16 13
Total current assets:116321195207914
Noncurrent Assets
Property, plant and equipment112265
Intangible assets, net (including goodwill)101116138  
Intangible assets, net (excluding goodwill)101116138   
Other undisclosed noncurrent assets111 10
Total noncurrent assets:102118140275
TOTAL ASSETS:2194393352091619
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2229875124319232
Accrued liabilities389401405370  
Other undisclosed accounts payable and accrued liabilities(167)(303)(330)(246)319232
Debt5312951612055352
Derivative instruments and hedges, liabilities263252145158  
Due to related parties99996 
Other undisclosed current liabilities440535797370  
Total current liabilities:1,4651,1881,186865378284
Noncurrent Liabilities
Total liabilities:1,4651,1881,186865378284
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,246)(749)(852)(656)(362)(265)
Preferred stock    0 
Common stock08523421
Additional paid in capital3,4872,8311,23331025964
Accumulated deficit(4,734)(3,665)(2,107)(970)(623)(330)
Other undisclosed stockholders' equity attributable to parent0000  
Total stockholders' equity:(1,246)(749)(852)(656)(362)(265)
TOTAL LIABILITIES AND EQUITY:2194393352091619

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2930 28654
Revenue, net30  8013
Other operating income23     
Financial services revenue  2 42
Cost of revenue(1)(1) (5)(50)(1)
Cost of goods and services sold(1)(1)  (1)(0)
Gross profit:2829 (3)3554
Operating expenses(793)(981)(734)(244)(326)(167)
Operating loss:(764)(952)(734)(248)(290)(113)
Nonoperating income (expense)0 0 (292)(1)
Investment income, nonoperating0 0   
Other nonoperating expense    (292)(1)
Interest and debt expense(647)(405)(647)(93)(2)(1)
Loss from continuing operations before equity method investments, income taxes:(1,411)(1,357)(1,380)(340)(584)(116)
Other undisclosed income (loss) from continuing operations before income taxes342(201)243   
Loss from continuing operations before income taxes:(1,069)(1,558)(1,138)(340)(584)(116)
Income tax expense    (1) 
Loss before gain (loss) on sale of properties:(1,069)(1,558)(1,138)(340)(585)(116)
Other undisclosed net income  3,2451,304  
Net income (loss):(1,069)(1,558)2,107964(585)(116)
Other undisclosed net income (loss) attributable to parent  (3,245)(1,308)2921
Net loss available to common stockholders, diluted:(1,069)(1,558)(1,138)(344)(293)(115)

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(1,069)(1,558)2,107964(585)(116)
Comprehensive income (loss), net of tax, attributable to parent:(1,069)(1,558)2,107964(585)(116)

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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