10-Q Filing

HealthLynked Corp CIK: 1680139 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001213900-17-005271`
Period End Date	20170331
Filing Date	20170515
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	hlyk-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 32 Cash Flow Statement 51 Stockholders Equity 14

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Property, plant and equipment, net of accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$704.78K	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$710.49K	USD	Point-in-time
Convertible notes payable, net of original issue discount and debt discount	`DebtInstrumentUnamortizedDiscountCurrent`	$49.79K	USD	Point-in-time
Convertible notes payable, net of original issue discount and debt discount	`DebtInstrumentUnamortizedDiscountCurrent`	$114.33K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$29.78K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$57.60K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$58.72K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$39.39K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	230.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$128.63K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	230.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$146.87K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	65.75M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$43.55K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	67.85M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$33.84K	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	-	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$56.63K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	65.75M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	67.85M	shares	Point-in-time
Common stock issuable, par value	`CommonStockIssuableIssuePrice`	$0.00	USD	Point-in-time
Common stock issuable, par value	`CommonStockIssuableIssuePrice`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$249.13K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$276.71K	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $710,493 and $704,785 as of March 31, 2017 and December 31, 2016, respectively	`PropertyPlantAndEquipmentNet`	$70.84K	USD	Point-in-time
Common stock issuable, shares	`CommonStockIssuableShares`	80,643.00	shares	Point-in-time
Common stock issuable, shares	`CommonStockIssuableShares`	378,900.00	shares	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $710,493 and $704,785 as of March 31, 2017 and December 31, 2016, respectively	`PropertyPlantAndEquipmentNet`	$70.28K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$9.54K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$9.54K	USD	Point-in-time
Total Assets	`Assets`	$356.52K	USD	Point-in-time
Total Assets	`Assets`	$329.51K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$172.26K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$148.47K	USD	Point-in-time
Capital leases, current portion	`CapitalLeaseObligationsCurrent`	$18.35K	USD	Point-in-time
Capital leases, current portion	`CapitalLeaseObligationsCurrent`	$18.35K	USD	Point-in-time
Due to related party, current portion	`DueToRelatedPartiesCurrent`	$438.06K	USD	Point-in-time
Due to related party, current portion	`DueToRelatedPartiesCurrent`	$311.79K	USD	Point-in-time
Convertible notes payable, net of original issue discount and debt discount of $49,794 and $114,332 as of March 31, 2017 and December 31, 2016, respectively	`ConvertibleDebtCurrent`	$485.67K	USD	Point-in-time
Convertible notes payable, net of original issue discount and debt discount of $49,794 and $114,332 as of March 31, 2017 and December 31, 2016, respectively	`ConvertibleDebtCurrent`	$550.21K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.18M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$964.28K	USD	Point-in-time
Capital leases, long-term portion	`CapitalLeaseObligationsNoncurrent`	$35.17K	USD	Point-in-time
Capital leases, long-term portion	`CapitalLeaseObligationsNoncurrent`	$39.75K	USD	Point-in-time
Due to related party, long-term portion	`DueToRelatedPartiesNoncurrent`	$237.16K	USD	Point-in-time
Due to related party, long-term portion	`DueToRelatedPartiesNoncurrent`	$242.46K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.46M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.24M	USD	Point-in-time
Common stock, par value $0.0001 per share, 230,000,000 shares authorized, 67,853,640 and 65,753,640 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$6.79K	USD	Point-in-time
Common stock, par value $0.0001 per share, 230,000,000 shares authorized, 67,853,640 and 65,753,640 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$6.58K	USD	Point-in-time
Common stock issuable, $0.0001 par value; 378,900 and 80,643 shares as of March 31, 2017 and December 31, 2016, respectively	`CommonStockIssuableValue`	$6.45K	USD	Point-in-time
Common stock issuable, $0.0001 par value; 378,900 and 80,643 shares as of March 31, 2017 and December 31, 2016, respectively	`CommonStockIssuableValue`	$15.38K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.48M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.12M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.60M	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	$-1.10M	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	$-911.68K	USD	Point-in-time
Total Liabilities and Shareholders' Deficit	`LiabilitiesAndStockholdersEquity`	$329.51K	USD	Point-in-time
Total Liabilities and Shareholders' Deficit	`LiabilitiesAndStockholdersEquity`	$356.52K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Patient service revenue, net	`HealthCareOrganizationPatientServiceRevenue`	$476.12K	USD	1 Quarter
Patient service revenue, net	`HealthCareOrganizationPatientServiceRevenue`	$513.57K	USD	1 Quarter
Salaries and benefits	`LaborAndRelatedExpense`	$340.42K	USD	1 Quarter
Salaries and benefits	`LaborAndRelatedExpense`	$467.87K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$315.30K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$390.03K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.71K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.08K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$863.61K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$660.80K	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$-387.49K	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$-147.24K	USD	1 Quarter
Amortization of original issue and debt discounts on convertible notes	`InvestmentIncomeNetAmortizationOfDiscountAndPremium`	-	USD	1 Quarter
Amortization of original issue and debt discounts on convertible notes	`InvestmentIncomeNetAmortizationOfDiscountAndPremium`	$-72.04K	USD	1 Quarter
Interest expense	`InterestExpense`	$5.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$17.59K	USD	1 Quarter
Total other expenses	`NonoperatingIncomeExpense`	$-5.00K	USD	1 Quarter
Total other expenses	`NonoperatingIncomeExpense`	$-89.63K	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-152.24K	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-477.12K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-477.12K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-152.24K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Fully diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Fully diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	54.72M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	66.63M	shares	1 Quarter
Fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.72M	shares	1 Quarter
Fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	66.63M	shares	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-477.12K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-152.24K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$5.71K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$5.08K	USD	1 Quarter
Stock based compensation, including amortization of prepaid fees	`EmployeeBenefitsAndShareBasedCompensation`	$39.36K	USD	1 Quarter
Stock based compensation, including amortization of prepaid fees	`EmployeeBenefitsAndShareBasedCompensation`	$14.69K	USD	1 Quarter
Amortization of original issue discount and debt discount on convertible notes	`InvestmentIncomeNetAmortizationOfDiscountAndPremium`	-	USD	1 Quarter
Amortization of original issue discount and debt discount on convertible notes	`InvestmentIncomeNetAmortizationOfDiscountAndPremium`	$-72.04K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-81.28K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-18.24K	USD	1 Quarter
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-9.70K	USD	1 Quarter
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-39.33K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$23.78K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-61.15K	USD	1 Quarter
Due to related party, current portion	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$7.76K	USD	1 Quarter
Due to related party, current portion	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$3.62K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-44.71K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-325.19K	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.15K	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.15K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$210.00K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from related party loans	`ProceedsFromRelatedPartyDebt`	$135.00K	USD	1 Quarter
Proceeds from related party loans	`ProceedsFromRelatedPartyDebt`	$74.00K	USD	1 Quarter
Repayment of related party loans	`RepaymentsOfRelatedPartyDebt`	$3.97K	USD	1 Quarter
Repayment of related party loans	`RepaymentsOfRelatedPartyDebt`	$11.19K	USD	1 Quarter
Repayment of bank loan	`RepaymentsOfBankDebt`	$11.12K	USD	1 Quarter
Payments on capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$4.59K	USD	1 Quarter
Payments on capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$4.59K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$54.32K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$329.22K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.61K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.12K	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$29.78K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$57.60K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$58.72K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.39K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$29.78K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$57.60K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$58.72K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$39.39K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$1.38K	USD	1 Quarter
Cash paid during the period for interest	`InterestPaid`	$457.00	USD	1 Quarter
Cash paid during the period for income tax	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid during the period for income tax	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Fair value of warrants issued to extend maturity date of convertible notes payable, recognized as discount against convertible notes payable	`FairValueOfWarrantsIssuedToExtendMaturityDateOfConvertibleNotesPayable`	-	USD	1 Quarter
Fair value of warrants issued to extend maturity date of convertible notes payable, recognized as discount against convertible notes payable	`FairValueOfWarrantsIssuedToExtendMaturityDateOfConvertibleNotesPayable`	$7.51K	USD	1 Quarter
Fair value of warrants issued pursuant to Amended Investment Agreement	`FairValueOfWarrantsIssuedPursuantToAmendedInvestmentAgreement`	$56.63K	USD	1 Quarter
Fair value of warrants issued pursuant to Amended Investment Agreement	`FairValueOfWarrantsIssuedPursuantToAmendedInvestmentAgreement`	-	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-1.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$-911.68K	USD	Point-in-time
Balance, Shares	`SharesOutstanding`	-	shares	Point-in-time
Sale of common stock	`StockIssuedDuringPeriodValueNewIssues`	$210.00K	USD	1 Quarter
Sale of common stock, Shares	`StockIssuedDuringPeriodSharesNewIssues`	2.10M	shares	1 Quarter
Fair value of warrants allocated to proceeds of convertible notes payable	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$7.51K	USD	1 Quarter
Fair value of warrants issued pursuant to Amended Investment Agreement	`AdditionalPaidInCapitalWarrantsIssuedPursuantToAmendedInvestmentAgreement`	$56.63K	USD	1 Quarter
Consultant fees payable with common shares	`StockToBeIssuedForConsultantFees`	$8.90K	USD	1 Quarter
Shares and options issued pursuant to employee equity incentive plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$5.79K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-477.12K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-152.24K	USD	1 Quarter
Balance	`StockholdersEquity`	$-1.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$-911.68K	USD	Point-in-time
Balance, Shares	`SharesOutstanding`	-	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.