10-K
Annual Report
Madison Technologies Inc.
CIK: 1318268
File #: 000-51302
Balance Sheet
34 line items · 2 periods
XBRL
| Item | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|
ASSETS | ||
CURRENT ASSETS | ||
Cash and Cash Equivalents | — | 729 |
Other Non-Operating Current Assets | 12,722 | — |
Notes receivable | — | 738,878 |
ZA Group Inc - Convertible Promissory Note | 64,145 | — |
Other Non-Operating Current Assets | 11,726,332 | 15,859,685 |
Total Current Assets | 11,739,054 | 16,599,292 |
Intangible Assets | — | 167,000 |
Long-Term Investments | 100 | 100 |
Total Assets | 11,739,154 | 16,766,392 |
LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
CURRENT LIABILITIES | ||
Accounts Payable | 741,399 | 283,024 |
Other Non-Operating Current Liabilities | 4,429,329 | 3,464,529 |
Short-Term Debt | 936,112 | 491,741 |
Short-Term Debt | 1,883,295 | 850,000 |
Other Non-Operating Current Liabilities | 3,300,000 | 453,750 |
Senior secured notes, net of discount | 14,599,240 | 12,919,392 |
Other Non-Operating Current Liabilities | 2,582,902 | 1,977,273 |
Total liabilities | 28,472,277 | 20,439,709 |
Series D Preferred Stock | 155 | 155 |
Series E-1 Preferred Stock | 1,153 | 1,153 |
Series H Preferred Stock | 40 | 40 |
STOCKHOLDERS’ DEFICIT | ||
Total Stockholders' Equity | 1,603,095 | 1,599,095 |
Total Stockholders' Equity | 10,549,265 | 10,473,261 |
Total Stockholders' Equity | (28,886,831) | (15,747,021) |
Total stockholders’ deficit | (16,734,471) | (3,674,665) |
Common Stock | 1,603,095 | 1,599,095 |
Preferred Stock | 1,348 | 1,348 |
Additional Paid-in Capital | 10,549,265 | 10,473,261 |
Retained Earnings | (28,886,831) | (15,747,021) |
Total liabilities and stockholders’ deficit | 11,739,154 | 16,766,392 |