10-Q
Quarterly Report
MADISON TECHNOLOGIES, INC
CIK: 1318268
File #: 000-51302
Balance Sheet
22 line items · 2 periods
XBRL
| Item | Mar 31, 2025 | Dec 31, 2024 |
|---|---|---|
ASSETS | ||
CURRENT ASSETS | ||
Other Non-Operating Current Assets | 90,921 | 130,568 |
Total Assets | 90,921 | 130,568 |
CURRENT LIABILITIES | ||
Accounts Payable | 2,990,084 | 2,772,924 |
Loan from a principal shareholder (Note 8) | 485,311 | 394,617 |
Short-Term Debt | 1,064,834 | 1,064,834 |
Short-Term Debt | 2,545,500 | 2,545,500 |
Other Non-Operating Current Liabilities | 6,760,871 | 6,398,894 |
Senior secured notes (Note 7) | 7,340,093 | 7,340,093 |
Total liabilities | 21,186,693 | 20,516,862 |
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 | (32,367,604) | (31,658,127) |
Total stockholders’ deficiency | (21,095,772) | (20,386,294) |
Total liabilities, mezzanine equity and stockholders’ deficiency | 90,921 | 130,568 |