secwatch.observer — SEC 8-K summary
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Issuer:     Medinotec Inc. (MDNC)
CIK:        0001931055
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0001663577-23-000065
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Medinotec files first audited financials: $720K revenue, $289K net loss for 9 months
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- Revenue $720,339, gross profit $420,197, net loss $289,077 for nine months ended Nov 30, 2022.
- Total assets $5.09M (cash $2.85M), total liabilities $2.51M, deficit $766K, equity $2.58M.
- Audited statements filed with OTC Markets in support of OTCQX application.
- Operating cash flow negative $848K; financing generated $4.23M from stock ($3.47M) and debt ($931K).
- Basic EPS $(0.00); long-term debt $2.33M; no allowance for doubtful accounts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1931055/000166357723000065/0001663577-23-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1931055/000166357723000065/mdin8k.htm
  HTML page:      https://secwatch.observer/filing/0001663577-23-000065

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer