MedWellAI, Inc. (MWAI) Form 10-K — Oct 13, 2026
MedWellAI filed its FY2026 10-K reporting total revenue of $527,857, down from $594,768 a year earlier, with commission revenue falling to $437,857 on regulatory hurdles. The company reported a net loss attributable of $1,589,465, holds just $86,222 in cash against $7.96 million of current liabilities, and carries an accumulated deficit of $90.3 million. Both management and its auditor disclosed substantial doubt about the company's ability to continue as a going concern, and internal controls over financial reporting are not effective.
Key figures
- Revenue
- 527857
- Total Debt
- 500000
- Revenue Yoy
- -11.2% (FY2026 $527,857 vs FY2025 $594,768)
- Cash Position
- 86222
- Shares Outstanding
- 6536580
- Holders of record
- 32
- Accumulated deficit
- 90263345
- Net loss prior year
- 3607145
- Stockholders deficit
- 7818693
- Commission revenue fy2025
- 576931
- Commission revenue fy2026
- 437857
- Impairment expense fy2026
- 38966
- Total current liabilities
- 7959140
- Loss on preferred exchange
- 241918
- Note payable interest rate
- 10%
- Series b dividends retired
- 2133081
AI analysis
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