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10-Q Filing

HealthLynked Corp CIK: 1680139 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001213900-18-006283
Period End Date 20180331
Filing Date 20180515
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance hlyk-20180331.xml
Filing Contents
Balance Sheet 72 line items
Line Item Tag Value Unit Period
Property, plant and equipment, net of accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $728.39K USD Point-in-time
Property, plant and equipment, net of accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $734.42K USD Point-in-time
Original issue discount DebtInstrumentUnamortizedDiscount $12.31K USD Point-in-time
Original issue discount DebtInstrumentUnamortizedDiscount $26.88K USD Point-in-time
Convertible notes payable, net of original issue discount and debt discount DebtInstrumentUnamortizedDiscountCurrent $266.64K USD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue $29.31K USD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue $58.72K USD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue $50.01K USD Point-in-time
Convertible notes payable, net of original issue discount and debt discount DebtInstrumentUnamortizedDiscountCurrent $436.52K USD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue $57.60K USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $113.35K USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $149.52K USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 230.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 230.00M shares Point-in-time
Prepaid expenses PrepaidExpenseCurrent $81.89K USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $69.32K USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 230.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Deferred offering costs DeferredOfferingCosts $121.62K USD Point-in-time
Deferred offering costs DeferredOfferingCosts $108.82K USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 72.30M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 72.30M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 72.30M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 72.30M shares Point-in-time
Total Current Assets AssetsCurrent $366.87K USD Point-in-time
Total Current Assets AssetsCurrent $356.97K USD Point-in-time
Common stock issuable, par value CommonStockIssuableIssuePrice $0.00 USD Point-in-time
Property, plant and equipment, net of accumulated depreciation of $734,420 and $728,391 as of March 31, 2018 and December 31, 2017, respectively PropertyPlantAndEquipmentNet $57.55K USD Point-in-time
Property, plant and equipment, net of accumulated depreciation of $734,420 and $728,391 as of March 31, 2018 and December 31, 2017, respectively PropertyPlantAndEquipmentNet $63.38K USD Point-in-time
Common stock issuable, par value CommonStockIssuableIssuePrice $0.00 USD Point-in-time
Common stock issuable, shares CommonStockIssuableShares 122,101.00 shares Point-in-time
Common stock issuable, shares CommonStockIssuableShares 2.46M shares Point-in-time
Deposits DepositsAssetsNoncurrent $9.54K USD Point-in-time
Deposits DepositsAssetsNoncurrent $9.54K USD Point-in-time
Total Assets Assets $439.78K USD Point-in-time
Total Assets Assets $424.06K USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $253.51K USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $336.73K USD Point-in-time
Capital lease, current portion CapitalLeaseObligationsCurrent $18.35K USD Point-in-time
Capital lease, current portion CapitalLeaseObligationsCurrent $18.35K USD Point-in-time
Due to related party, current portion DueToRelatedPartiesCurrent $363.85K USD Point-in-time
Due to related party, current portion DueToRelatedPartiesCurrent $379.68K USD Point-in-time
Notes payable to related party, current portion NotesPayableRelatedPartiesClassifiedCurrent $553.55K USD Point-in-time
Notes payable to related party, current portion NotesPayableRelatedPartiesClassifiedCurrent $603.50K USD Point-in-time
Notes payable, net of original issue discount and debt discount of $12,307 and $26,881 as of March 31, 2018 and December 31, 2017, respectively NotesPayableCurrent $32.14K USD Point-in-time
Notes payable, net of original issue discount and debt discount of $12,307 and $26,881 as of March 31, 2018 and December 31, 2017, respectively NotesPayableCurrent $70.19K USD Point-in-time
Convertible notes payable, net of original issue discount and debt discount of $436,523 and $266,642 as of March 31, 2018 and December 31, 2017, respectively ConvertibleDebtCurrent $811.86K USD Point-in-time
Convertible notes payable, net of original issue discount and debt discount of $436,523 and $266,642 as of March 31, 2018 and December 31, 2017, respectively ConvertibleDebtCurrent $930.99K USD Point-in-time
Derivative financial instruments DerivativeInstrumentsAndHedgesLiabilities $398.49K USD Point-in-time
Derivative financial instruments DerivativeInstrumentsAndHedgesLiabilities $769.32K USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $2.47M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $3.07M USD Point-in-time
Capital leases, long-term portion CapitalLeaseObligationsNoncurrent $18.35K USD Point-in-time
Capital leases, long-term portion CapitalLeaseObligationsNoncurrent $21.41K USD Point-in-time
Notes payable to related party, long term portion DueToRelatedPartiesNoncurrent $57.42K USD Point-in-time
Notes payable to related party, long term portion DueToRelatedPartiesNoncurrent - USD Point-in-time
Total Liabilities Liabilities $2.49M USD Point-in-time
Total Liabilities Liabilities $3.15M USD Point-in-time
Common stock, par value $0.0001 per share, 230,000,000 shares authorized, 72,302,937 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively CommonStockValue $7.30K USD Point-in-time
Common stock, par value $0.0001 per share, 230,000,000 shares authorized, 72,302,937 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively CommonStockValue $7.23K USD Point-in-time
Common stock issuable, $0.0001 par value; 2,458,656 and 122,101 shares as of March 31, 2018 and December 31, 2017, respectively CommonStockIssuableValue $8.28K USD Point-in-time
Common stock issuable, $0.0001 par value; 2,458,656 and 122,101 shares as of March 31, 2018 and December 31, 2017, respectively CommonStockIssuableValue $13.79K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $3.24M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $2.64M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-5.99M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-4.71M USD Point-in-time
Total Shareholders' Deficit StockholdersEquity $-2.72M USD Point-in-time
Total Shareholders' Deficit StockholdersEquity $-2.05M USD Point-in-time
Total Liabilities and Shareholders' Deficit LiabilitiesAndStockholdersEquity $439.78K USD Point-in-time
Total Liabilities and Shareholders' Deficit LiabilitiesAndStockholdersEquity $424.06K USD Point-in-time
Income Statement 39 line items
Line Item Tag Value Unit Period
Patient service revenue, net HealthCareOrganizationPatientServiceRevenue $645.64K USD 1 Quarter
Patient service revenue, net HealthCareOrganizationPatientServiceRevenue $476.12K USD 1 Quarter
Salaries and benefits LaborAndRelatedExpense $467.87K USD 1 Quarter
Salaries and benefits LaborAndRelatedExpense $560.86K USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $574.83K 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 $6.03K USD 1 Quarter
Total Operating Expenses OperatingExpenses $863.61K USD 1 Quarter
Total Operating Expenses OperatingExpenses $1.14M USD 1 Quarter
(Loss) income from operations OperatingIncomeLoss $-496.07K USD 1 Quarter
(Loss) income from operations OperatingIncomeLoss $-387.49K USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-325.22K USD 1 Quarter
Change in fair value of debt GainsLossesOnRestructuringOfDebt $-57.95K USD 1 Quarter
Change in fair value of debt GainsLossesOnRestructuringOfDebt - USD 1 Quarter
Financing cost AmortizationOfFinancingCosts $192.06K USD 1 Quarter
Financing cost AmortizationOfFinancingCosts - USD 1 Quarter
Amortization of original issue and debt discounts on notes payable and convertible notes InvestmentIncomeNetAmortizationOfDiscountAndPremium $-72.04K USD 1 Quarter
Amortization of original issue and debt discounts on notes payable and convertible notes InvestmentIncomeNetAmortizationOfDiscountAndPremium $-154.84K USD 1 Quarter
Change in fair value of derivative financial instrument GainOnDerivativeInstrumentsPretax $-14.62K USD 1 Quarter
Change in fair value of derivative financial instrument GainOnDerivativeInstrumentsPretax - USD 1 Quarter
Interest expense InterestExpense $40.35K USD 1 Quarter
Interest expense InterestExpense $17.59K USD 1 Quarter
Total other expenses NonoperatingIncomeExpense $-89.63K USD 1 Quarter
Total other expenses NonoperatingIncomeExpense $-785.03K USD 1 Quarter
Net loss before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-477.12K USD 1 Quarter
Net loss before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-1.28M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit - USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit - USD 1 Quarter
Net loss NetIncomeLoss $-1.28M USD 1 Quarter
Net loss NetIncomeLoss $-477.12K USD 1 Quarter
Basic EarningsPerShareBasic $-0.02 USD 1 Quarter
Basic EarningsPerShareBasic $-0.01 USD 1 Quarter
Fully diluted EarningsPerShareDiluted $-0.01 USD 1 Quarter
Fully diluted EarningsPerShareDiluted $-0.02 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 66.63M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 73.01M shares 1 Quarter
Fully diluted WeightedAverageNumberOfDilutedSharesOutstanding 73.01M shares 1 Quarter
Fully diluted WeightedAverageNumberOfDilutedSharesOutstanding 66.63M shares 1 Quarter
Cash Flow Statement 71 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-1.28M USD 1 Quarter
Net loss NetIncomeLoss $-477.12K USD 1 Quarter
Depreciation DepreciationAndAmortization $5.71K USD 1 Quarter
Depreciation DepreciationAndAmortization $6.03K USD 1 Quarter
Stock based compensation, including amortization of prepaid fees EmployeeBenefitsAndShareBasedCompensation $14.69K USD 1 Quarter
Stock based compensation, including amortization of prepaid fees EmployeeBenefitsAndShareBasedCompensation $23.67K USD 1 Quarter
Amortization of original issue discount and debt discount on convertible notes InvestmentIncomeNetAmortizationOfDiscountAndPremium $-72.04K USD 1 Quarter
Amortization of original issue discount and debt discount on convertible notes InvestmentIncomeNetAmortizationOfDiscountAndPremium $-154.84K USD 1 Quarter
Financing cost AmortizationOfFinancingCosts $192.06K USD 1 Quarter
Financing cost AmortizationOfFinancingCosts - USD 1 Quarter
Change in fair value of derivative financial instrument GainLossOnSaleOfDerivatives - USD 1 Quarter
Change in fair value of derivative financial instrument GainLossOnSaleOfDerivatives $-14.62K USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-325.22K USD 1 Quarter
Change in fair value of debt NoncashExpense - USD 1 Quarter
Change in fair value of debt NoncashExpense $57.95K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-18.24K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $36.17K USD 1 Quarter
Prepaid expenses and deposits IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-12.57K USD 1 Quarter
Prepaid expenses and deposits IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-9.70K USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $90.34K USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $23.78K USD 1 Quarter
Due to related party, current portion IncreaseDecreaseInDueToRelatedPartiesCurrent $15.84K USD 1 Quarter
Due to related party, current portion IncreaseDecreaseInDueToRelatedPartiesCurrent $7.76K USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-424.15K 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 $201.00 USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-5.15K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-201.00 USD 1 Quarter
Proceeds from sale of common stock ProceedsFromIssuanceOfCommonStock $251.57K USD 1 Quarter
Proceeds from sale of common stock ProceedsFromIssuanceOfCommonStock $210.00K USD 1 Quarter
Proceeds from issuance of convertible notes ProceedsFromConvertibleDebt - USD 1 Quarter
Proceeds from issuance of convertible notes ProceedsFromConvertibleDebt $325.00K USD 1 Quarter
Repayment of convertible notes RepaymentsOfConvertibleDebt $209.68K USD 1 Quarter
Repayment of convertible notes RepaymentsOfConvertibleDebt - USD 1 Quarter
Proceeds from related party loans ProceedsFromRelatedPartyDebt $101.45K USD 1 Quarter
Proceeds from related party loans ProceedsFromRelatedPartyDebt $135.00K USD 1 Quarter
Repayment of related party loans RepaymentsOfRelatedPartyDebt $11.19K USD 1 Quarter
Repayment of related party loans RepaymentsOfRelatedPartyDebt $9.00K USD 1 Quarter
Repayment of notes payable and bank loans RepaymentsOfBankDebt - USD 1 Quarter
Repayment of notes payable and bank loans RepaymentsOfBankDebt $52.62K USD 1 Quarter
Payments on capital leases RepaymentsOfDebtAndCapitalLeaseObligations $4.59K USD 1 Quarter
Payments on capital leases RepaymentsOfDebtAndCapitalLeaseObligations $3.06K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $329.22K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $403.66K USD 1 Quarter
Net increase (decrease) in cash CashAndCashEquivalentsPeriodIncreaseDecrease $-20.70K USD 1 Quarter
Net increase (decrease) in cash CashAndCashEquivalentsPeriodIncreaseDecrease $-1.12K USD 1 Quarter
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $29.31K USD Point-in-time
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $58.72K USD Point-in-time
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $50.01K USD Point-in-time
Cash, beginning of period CashAndCashEquivalentsAtCarryingValue $57.60K USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $29.31K USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $58.72K USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $50.01K USD Point-in-time
Cash, end of period CashAndCashEquivalentsAtCarryingValue $57.60K USD Point-in-time
Cash paid during the period for interest InterestPaid $7.12K 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 $10.20K 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 beneficial conversion feature and original issue discount allocated to proceeds of convertible notes payable FairValueOfWarrantsBeneficialConversionFeatureAndOriginalIssueDiscount - USD 1 Quarter
Fair value of beneficial conversion feature and original issue discount allocated to proceeds of convertible notes payable FairValueOfWarrantsBeneficialConversionFeatureAndOriginalIssueDiscount $517.06K USD 1 Quarter
Common stock issuable issued during period CommonStockToBeIssuedNowIssued - USD 1 Quarter
Common stock issuable issued during period CommonStockToBeIssuedNowIssued $8.00 USD 1 Quarter
Derivative liabilities written off with repayment of convertible notes payable DerivativeLiabilitiesWrittenOffWithRepaymentOfConvertibleNotesPayable $160.85K USD 1 Quarter
Derivative liabilities written off with repayment of convertible notes payable DerivativeLiabilitiesWrittenOffWithRepaymentOfConvertibleNotesPayable - USD 1 Quarter
Fair value of warrants issued to extend related party notes payable FairValueOfWarrantsIssuedToExtendRelatedPartyNotesPayable - USD 1 Quarter
Fair value of warrants issued to extend related party notes payable FairValueOfWarrantsIssuedToExtendRelatedPartyNotesPayable $337.47K USD 1 Quarter
Fair value of warrants issued pursuant to Amended Investment Agreement FairValueOfWarrantsIssuedPursuantToAmendedInvestmentAgreement - USD 1 Quarter
Fair value of warrants issued pursuant to Amended Investment Agreement FairValueOfWarrantsIssuedPursuantToAmendedInvestmentAgreement $56.63K USD 1 Quarter
Stockholders Equity 12 line items
Line Item Tag Value Unit Period
Balance StockholdersEquity $-2.72M USD Point-in-time
Balance StockholdersEquity $-2.05M USD Point-in-time
Sale of common stock StockIssuedDuringPeriodValueNewIssues $133.61K USD 1 Quarter
Fair value of warrants allocated to proceeds of common stock AdjustmentsToAdditionalPaindInCapitalCommonStock $117.96K USD 1 Quarter
Fair value of warrants issued to extend related party notes payable AdjustmentsToAdditionalPaidInCapitalWarrantIssuedToRelatedPartyNotesPayable $337.47K USD 1 Quarter
Fair value of warrants issued to extend convertible notes payable AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebtSubsequentAdjustments $10.20K USD 1 Quarter
Consultant fees payable with common shares and warrants StockToBeIssuedForConsultantFees $5.29K USD 1 Quarter
Shares and options issued pursuant to employee equity incentive plan StockIssuedDuringPeriodValueEmployeeBenefitPlan $5.58K USD 1 Quarter
Net loss NetIncomeLoss $-1.28M USD 1 Quarter
Net loss NetIncomeLoss $-477.12K USD 1 Quarter
Balance StockholdersEquity $-2.72M USD Point-in-time
Balance StockholdersEquity $-2.05M USD Point-in-time

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

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