MDWerks, Inc. (MDWK)
MDwerks, Inc., together with its subsidiaries, provides energy waving technology solutions for industrial and other commercial enterprises in the United States. It operates in two segments, RF Specialties and Two Trees Distilling. The company offers radio wave and microwave technologies, as well as develops radio frequency applications. It also produces and sells alcoholic beverages, including bourbon, whiskey, and vodka. In addition, the company provides consulting services. It serves structural engineering, food and beverage, alcoholic beverages, manufacturing, and adhesives industries. MDwerks, Inc. is based in Green Cove Springs, Florida.
Sector: Beverages
Industry: Beverages - Wineries & Distilleries
MDwerks, Inc.
OTC:MDWKFinancial Services · Shell Companies
+0.00%$0.0750
Mkt Cap$18.06M
Float182.38M
O/S240.8M
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$2.21M
Net Income-$3.8M
Total Assets$4.05M
Free Cash Flow-$2.45M
Debt & Equity
Debt 35%
Equity 65%
Total Debt$535K
Total Equity$1M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in MDWK's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$4.05M
Liabilities$3.05M
Accounts Receivable$43K
Accounts Payable$1.56M
Inventory$821K
PP&E (Net)$1.9M
Goodwill$467K
Intangible Assets$502K
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 |
| Revenue | $2.21M | $2.36M | $104K | -$143 | $2.83M | $0 | $0 | $882K | $577K | $428K | $58K | $0 | $0 |
| YoY Growth | -6.3% | 2171.6% | -72873.4% | -100.0% | - | - | - | 52.7% | 34.9% | 639.8% | - | - | - |
| Cost of Revenue | $2.56M | $1.46M | $82K | $143 | $1.34M | $0 | $0 | $5.85M | $6.46M | $7.04M | $0 | $32K | $0 |
| Gross Profit | -$350K | $874K | $22K | $1.11M | $1.48M | $0 | $0 | -$4.97M | -$5.88M | -$6.61M | -$1.18M | -$32K | $0 |
| Gross Margin | -15.8% | 37.0% | 21.5% | -778321.7% | 52.4% | - | - | -563.5% | -1019.0% | -1544.5% | -2044.1% | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $3.07M | $2.03M | $460K | $154K | $21K | $14K | $22K | $8.22M | $1.56M | $2M | $435K | $30K | $31K |
| Other | -$764K | $348K | $15K | $0 | $76K | $0 | $0 | $0 | $6.46M | $7.04M | $0 | $0 | $0 |
| Total Operating Expenses | $2.3M | $2.38M | $475K | $154K | $21K | $14K | $22K | $2.37M | $8.02M | $9.04M | $2.04M | $30K | $31K |
| Operating Income (EBIT) | -$2.65M | -$1.5M | -$453K | -$154K | -$21K | -$14K | -$22K | -$7.33M | -$7.45M | -$8.61M | -$1.98M | -$62K | -$31K |
| Operating Margin | -119.8% | -63.6% | -435.3% | 107692.3% | -0.7% | - | - | -832.0% | -1289.7% | -2012.5% | -3425.9% | - | - |
| Interest Expense | $62K | $23K | $10K | $0 | $7K | $7K | $0 | $1.56M | $2.48M | $905K | $5K | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.09M | $47K | $34K | $16K | $0 | $0 |
| Other Income (Expense) | -$1.15M | -$118K | $161K | $286 | $59K | -$7K | $0 | -$844K | -$2.44M | -$1.07M | -$596K | $0 | $0 |
| Income Before Tax (EBT) | -$3.8M | -$1.62M | -$292K | -$154K | $38K | -$21K | -$22K | -$8.18M | -$9.88M | -$9.68M | -$2.58M | -$62K | -$31K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$3.8M | -$1.62M | -$292K | -$154K | $38K | -$27K | -$22K | -$8.18M | -$9.88M | -$9.68M | -$2.58M | -$62K | -$31K |
| Net Income Margin | -171.5% | -68.6% | -280.6% | 107692.3% | 1.3% | - | - | -927.7% | -1711.9% | -2261.7% | -4456.6% | - | - |
| Supplementary Data | |||||||||||||
| EPS | -0.02 | -0.01 | -0.00 | -0.01 | 0.00 | -0.00 | -0.00 | -0.62 | -0.77 | -0.91 | -0.27 | -0.01 | -0.00 |
| Diluted EPS | -0.02 | -0.01 | -0.00 | -0.01 | 0.00 | -0.00 | -0.00 | -0.62 | -0.77 | -0.91 | -0.27 | -0.01 | -0.00 |
| Weighted Average OS | 221.36M | 201.54M | 129.42M | 24.57M | 18.01M | 18.01M | 18.01M | 13.16M | 12.78M | 11.90M | 9.55M | 9.25M | 395.00M |
| EBITDA | -$3.42M | -$1.31M | -$266K | -$46K | $121K | -$14K | -$22K | -$7.25M | -$4.89M | -$7.87M | -$1.98M | -$62K | -$31K |
| EBITDA Margin | -154.3% | -55.3% | -255.6% | 31860.8% | 4.3% | - | - | -822.1% | -847.8% | -1840.2% | -3425.9% | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 |
| Assets | ||||||||||||
| Current Assets | ||||||||||||
| Cash and Cash Equivalents | $212K | $11K | $115K | $24K | $1.02M | $0 | $0 | $1.22M | $321K | $3.15M | $766K | $333 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $212K | $11K | $115K | $24K | $1.02M | $0 | $0 | $1.22M | $321K | $3.15M | $766K | $333 |
| Accounts Receivable | $43K | $109K | $204K | $0 | $331K | $0 | $0 | $1.55M | $1.72M | $529K | $364K | $0 |
| Inventory | $821K | $237K | $201K | $0 | $383K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $1.17M | $374K | $549K | $24K | $1.77M | $0 | $0 | $2.91M | $2.26M | $3.75M | $1.21M | $333 |
| Long-Term Assets | ||||||||||||
| Property, Plant & Equipment Net | $1.9M | $1.5M | $1.6M | $231K | $422K | $0 | $0 | $48K | $116K | $156K | $80K | $0 |
| Goodwill | $467K | $467K | $467K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $502K | $559K | $615K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $62K | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $16K | $16K | $0 | $0 | $0 | $0 | $0 | $631K | $400K | $502K | $0 | $0 |
| Total Long-Term Assets | $2.88M | $2.54M | $2.68M | $231K | $422K | $0 | $0 | $741K | $516K | $658K | $80K | $0 |
| Other Assets | $0 | $0 | $0 | -$231K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $4.05M | $2.92M | $3.23M | $24K | $2.19M | $0 | $0 | $3.65M | $2.77M | $4.41M | $1.29M | $333 |
| Liabilities | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts Payable | $1.56M | $822K | $669K | $34K | $1K | $66K | $0 | $162K | $351K | $268K | $212K | $0 |
| Short-Term Debt | $397K | $258K | $96K | $104K | $210K | $210K | $210K | $1.29M | $0 | $693K | $234K | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $457K | $226K | $53K | $104K | $0 | -$66K | $0 | $603K | $11K | $28K | $5K | $0 |
| Other Current Liabilities | $7K | -$123K | $0 | $0 | $0 | $0 | $52K | $948K | $4.4M | $0 | $1.74M | $5K |
| Total Current Liabilities | $2.42M | $1.62M | $1.07M | $128K | $231K | $276K | $262K | $3M | $5.45M | $1.37M | $2.35M | $14K |
| Long-Term Liabilities | ||||||||||||
| Long-Term Debt | $138K | $231K | $93K | $0 | $0 | $0 | $0 | $0 | $66K | $701K | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $0 | $3K | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2K | $0 | $0 | $0 |
| Other Long-Term Liabilities | $486K | $0 | $0 | $0 | $0 | $0 | $0 | $4.05M | $0 | $28K | $0 | $0 |
| Total Long-Term Liabilities | $624K | $927K | $1.01M | $232K | $127K | $0 | $0 | $4.05M | $67K | $729K | $3K | $0 |
| Other Liabilities | $0 | $0 | $0 | -$232K | -$127K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $3.05M | $2.55M | $2.07M | $128K | $231K | $276K | $262K | $7.06M | $5.52M | $2.1M | $2.36M | $14K |
| Stockholders' Equity | ||||||||||||
| Preferred Stock | $0 | $0 | $9K | $9K | $10K | $10K | $10K | $4.05M | $0 | $0 | $0 | $0 |
| Common Stock | $234K | $205K | $199K | $122K | $18K | $18K | $18K | $14K | $13K | $13K | $12K | $25K |
| Retained Earnings | -$6.16M | -$2.36M | -$739K | -$431K | -$294K | -$332K | -$311K | -$49.67M | -$36.49M | -$26.61M | -$16.56M | -$93K |
| Comprehensive Income & Other | $15K | $15K | $0 | $0 | $0 | $0 | -$18K | -$993K | $0 | -$288K | $0 | $0 |
| Other Stockholders' Equity | $6.93M | $2.53M | $1.7M | $180K | $45K | $38K | $32K | $46.25M | $33.73M | $28.91M | $15.48M | $55K |
| Total Equity | $1M | $371K | $1.16M | -$128K | -$231K | -$276K | -$262K | -$3.41M | -$2.74M | $2.31M | -$1.07M | -$13K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $4.05M | $2.92M | $3.23M | $0 | $0 | $0 | $0 | $3.65M | $2.77M | $4.41M | $1.29M | $333 |
| Supplementary Data | ||||||||||||
| Total Debt | $535K | $1.45M | $1.35M | $104K | $210K | $210K | $210K | $1.29M | $3.12M | $1.39M | $234K | $0 |
| Net Debt | $323K | $1.44M | $1.24M | $80K | -$805K | $210K | $210K | $67K | $2.8M | -$1.75M | -$533K | -$333 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 |
| Operating Activities | ||||||||||||
| Net Income | -$3.8M | -$1.62M | -$292K | -$137K | $38K | -$21K | -$22K | -$8.18M | -$9.88M | -$9.68M | -$2.58M | -$62K |
| Depreciation & Amortization | $320K | $290K | $15K | $108K | $76K | $0 | $0 | $86K | $2.55M | $736K | $13K | $0 |
| Deferred Income Tax | $0 | $0 | $0 | -$1.09M | $0 | $0 | $0 | $0 | -$266K | $0 | $0 | $0 |
| Stock-Based Compensation | $640K | $72K | $0 | $1.09M | $0 | $0 | $0 | $0 | $266K | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||
| Accounts Receivable | $58K | -$42K | -$11K | $186K | $51K | $0 | $0 | -$1.58M | -$11K | -$155K | -$364K | $0 |
| Inventory | $126K | -$36K | $1K | $6K | -$85K | $0 | $0 | $0 | -$72K | $0 | $0 | $0 |
| Accounts Payable | $617K | $153K | -$82K | $23K | -$64K | $14K | $0 | -$190K | $84K | $56K | $212K | $0 |
| Other Working Capital | $316K | $192K | -$6K | -$192K | $34K | $0 | $12K | -$1.78M | -$982K | $156K | -$56K | $11K |
| Total Working Capital Change | $1.12M | $268K | -$98K | $23K | -$64K | $14K | $12K | -$1.78M | -$982K | $156K | -$56K | $11K |
| Other Non-Cash Items | $148K | $210K | -$145K | -$114K | -$69K | $7K | $10K | $4.92M | $3.35M | $5.17M | $842K | $20K |
| Net Cash from Operating | -$1.57M | -$782K | -$520K | -$114K | -$20K | $0 | $0 | -$4.95M | -$4.97M | -$3.61M | -$1.78M | -$31K |
| Investing Activities | ||||||||||||
| Capital Expenditures | -$872K | -$7K | -$88K | -$53K | -$183K | $0 | $0 | -$18K | -$5K | -$110K | -$82K | $0 |
| Acquisitions | $0 | $0 | $47K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $81K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$872K | -$7K | $39K | -$53K | -$183K | $0 | $0 | -$18K | -$5K | -$110K | -$82K | $0 |
| Financing Activities | ||||||||||||
| Debt Repaid | -$45K | - | - | - | - | - | - | $1.63M | -$264K | -$4.98M | -$234K | -$53K |
| Common Stock Issuance | $2.94M | $0 | $0 | $0 | $0 | $0 | $0 | $8M | $2M | $1.7M | $1.57M | $50K |
| Common Stock Repurchases | $0 | -$10 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $499K |
| Other Financing Activities | $0 | $745K | $572K | $114K | $20K | $0 | $0 | -$490K | -$117K | -$577K | $551K | -$573K |
| Net Cash from Financing | $2.65M | $685K | $572K | $114K | $20K | $0 | $0 | $5.88M | $2.15M | $6.1M | $2.36M | $30K |
| Forex Effect | $0 | $0 | $0 | -$774K | $1.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $201K | -$104K | $91K | -$992K | $1.02M | $0 | $0 | $903K | -$2.83M | $2.38M | $499K | -$1K |
| Supplementary Data | ||||||||||||
| Operating Cash Flow | -$1.57M | -$782K | -$520K | -$114K | -$20K | $0 | $0 | -$4.95M | -$4.97M | -$3.61M | -$1.78M | -$31K |
| Capital Expenditure | -$872K | -$7K | -$108K | -$53K | -$183K | $0 | $0 | -$18K | -$5K | -$110K | -$82K | $0 |
| Free Cash Flow | -$2.45M | -$789K | -$627K | -$167K | -$202K | $0 | $0 | -$4.97M | -$4.97M | -$3.72M | -$1.86M | -$31K |
| Cash at Beginning | $11K | $115K | $24K | $1.02M | $0 | $0 | $1.22M | $321K | $3.15M | $766K | $267K | $2K |
| Cash at End | $212K | $11K | $115K | $24K | $1.02M | $0 | $1.22M | $1.22M | $321K | $3.15M | $766K | $333 |