The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 |
|---|---|
| Net loss | -3,797,990 |
| Depreciation and amortization | 319,846 |
| Inventory impairment | 140,067 |
| Stock-based compensation | 639,885 |
| Allowance for credit losses | 8,056 |
| Accounts receivable | -57,597 |
| Prepaid expense | -97,391 |
| Inventory | -125,840 |
| Right-of-use asset | -287,678 |
| Accounts payable-Nonrelated Party | 663,587 |
| Accounts payable-Related Party | -46,812 |
| Deferred revenue | 231,112 |
| Right-of-use liability | -300,381 |
| Net cash used in operating activities | -1,574,124 |
| Purchase of property and equipment | 872,247 |
| Net cash (used in)/provided by investing activities | -872,247 |
| Proceeds from related party notes payable | 150,000 |
| Repayment of notes payable-Nonrelated Party | 336,741 |
| Repayment of notes payable-Related Party | 105,500 |
| Proceeds from sale of common stock | 2,939,401 |
| Net cash provided by financing activities | 2,647,160 |
| Net change in cash | 200,789 |
| Cash - beginning of year | 11,159 |
| Cash - end of period | 211,948 |
MDWerks, Inc. (MDWK)
MDWerks, Inc. (MDWK)