10-K
Annual Report
Madison Technologies Inc.
CIK: 1318268
File #: 000-51302
Balance Sheet
22 line items · 2 periods
XBRL
| Item | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|
ASSETS | ||
CURRENT ASSETS | ||
Other Non-Operating Current Assets | 130,568 | — |
Total Assets | 130,568 | 0 |
CURRENT LIABILITIES | ||
Accounts Payable | 2,772,924 | 1,838,691 |
Loan from a principal shareholder (Note 8) | 394,617 | — |
Short-Term Debt | 1,064,834 | 1,064,834 |
Short-Term Debt | 2,545,500 | 2,531,197 |
Other Non-Operating Current Liabilities | 6,398,894 | 4,926,854 |
Senior secured notes (Note 7) | 7,340,093 | 7,224,170 |
Total liabilities | 20,516,862 | 17,585,746 |
MEZZANINE EQUITY | ||
STOCKHOLDERS’ DEFICIENCY | ||
Series D Preferred Stock | 155 | 155 |
Series E One Preferred Stock | 1,153 | 1,153 |
Series H Preferred Stock | 40 | 40 |
Total Stockholders' Equity | 1,603,095 | 1,603,095 |
Total Stockholders' Equity | 9,667,389 | 9,667,389 |
Total Stockholders' Equity | (31,658,127) | (28,857,578) |
Total stockholders’ deficiency | (20,386,294) | (17,585,746) |
Total liabilities, mezzanine equity and stockholders’ deficiency | 130,568 | 0 |