MDWerks, Inc. (MDWK) Form 10-Q — May 15, 2026
MDWerks, Inc. reported a net loss of $847,032 for the three months ended March 31, 2026, driven by negative gross margins in both its Two Trees Distilling and RF Specialties segments. Revenue declined 15.5% year-over-year to $434,087, while the company ended the quarter with only $95,754 in cash and a working capital deficit of $1.78 million. Management explicitly stated that these conditions raise 'substantial doubt about the Company’s ability to continue as a going concern,' noting that current cash and financing activities are insufficient to satisfy liquidity requirements for the next 12 months.
Key figures
- Revenue
- 434087
- Total Debt
- 1782901
- Cash Position
- 95754
- Shares Outstanding
- 235710043
- Accumulated Deficit
- 7005527
- Working Capital Deficit
- 1782901
- Convertible Notes Issued
- 145000
- Convertible Notes Maturity
- 2026-10-15
- Convertible Notes Interest Rate
- 20
- Convertible Notes Conversion Price
- 0.1
Price after filing
Close on the filing date to close N calendar days later (from $0.07). Historical, not a forecast.
AI analysis
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