For the quarter ending 2026-03-31, MDWK has $4,171,503 in assets. $3,521,320 in debts.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash | 95,754 | 211,948 | 181,278 | 13,330 |
| Accounts receivable, net | 24,947 | 43,489 | 117,967 | 64,617 |
| Inventory | 679,582 | 820,956 | 1,024,057 | 1,172,214 |
| Prepaid expenses | 165,127 | 90,659 | 105,836 | 114,245 |
| Total current assets | 965,410 | 1,167,052 | 1,429,138 | 1,364,406 |
| Total property and equipment | 1,808,226 | 1,764,227 | 1,637,964 | - |
| Less accumulated depreciation | 549,172 | 495,672 | 425,937 | - |
| Fixed assets, net | 1,259,054 | 1,268,555 | 1,212,027 | 1,233,836 |
| Total intangible assets | 619,500 | 619,500 | 619,500 | - |
| Less accumulated amortization | 131,219 | 117,118 | 103,018 | - |
| Intangible assets, net | 488,281 | 502,382 | 516,482 | 530,583 |
| Right-of-use asset | 976,100 | 628,125 | 728,662 | 792,515 |
| Goodwill | 466,648 | 466,648 | 466,648 | 466,648 |
| Other non-current assets | 16,010 | 16,010 | 16,010 | 16,010 |
| Total assets | 4,171,503 | 4,048,772 | 4,368,967 | 4,403,998 |
| Accounts payable related party-Related Party | - | - | - | 0 |
| Accounts payable and accrued expenses | 1,558,217 | 1,560,425 | 1,588,261 | 1,598,018 |
| Notes payable-Nonrelated Party | 309,341 | 162,110 | 195,904 | 235,458 |
| Notes payable-Related Party | 167,500 | 117,500 | 17,500 | 17,500 |
| Deferred revenue | 478,019 | 457,178 | 386,180 | 422,979 |
| Right-of-use liability, current portion | 235,234 | 124,856 | 163,490 | 195,373 |
| Total current liabilities | 2,748,311 | 2,422,069 | 2,351,335 | 2,469,328 |
| Notes payable, net of current portion-Related Party | - | 38,126 | 150,000 | 150,000 |
| Notes payable, net of current portion-Nonrelated Party | - | 50,000 | 99,556 | 148,796 |
| Right-of use liability, net of current portion | 773,009 | 536,253 | 595,427 | 625,996 |
| Total liabilities | 3,521,320 | 3,046,448 | 3,196,318 | 3,394,120 |
| Common stock, par value 0.001 300,000,000 shares authorized, of which 235,710,043 and 234,105,560 shares were issued and outstanding at march 31, 2026 and december 31, 2025, respectively | 235,710 | 234,106 | 227,575 | 221,283 |
| Additional paid in capital | 7,155,000 | 6,911,713 | 6,215,262 | 5,050,346 |
| Subscription payable | 265,000 | 15,000 | 75,000 | 65,000 |
| Accumulated deficit | -7,005,527 | -6,158,495 | -5,345,188 | -4,326,751 |
| Total stockholders equity (deficit) | 650,183 | 1,002,324 | 1,172,649 | 1,009,878 |
| Total liabilities and stockholders equity (deficit) | 4,171,503 | 4,048,772 | 4,368,967 | 4,403,998 |
MDWerks, Inc. (MDWK)
MDWerks, Inc. (MDWK)