FINDEX COM INC

CIK:0001089061|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
Revenues, net	$ 451,046	$ 69,392	$ 591,918	$ 192,404
Revenues related parties, net	843	4,913	29,920	59,693
Total revenues	451,889	74,305	621,838	252,097
Cost of sales	22,046	23,427	79,438	71,882
Gross profit	429,843	50,878	542,400	180,215
Other operating expenses:
Sales and marketing expenses	8,474	9,938	15,656	20,671
Professional fees	17,052	24,152	57,205	100,736
Personnel costs	62,848	148,169	181,304	478,003
Research and development	8,162	44,663	24,268	180,760
Rent	18,825	14,096	56,476	37,030
Other general and administrative expenses	29,385	30,036	95,776	106,094
Total operating expenses	144,746	271,054	430,685	923,294
Income (loss) from operations	285,097	(220,176)	111,715	(743,079)
Interest expense	(4,644)	(63,363)	(123,981)	(210,106)
Gain on sale of intangible asset			150,000
Gain on debt settlement			34,925
Gain on restructuring of service-related obligations			1,580,167
Net income (loss) before income taxes	280,453	(283,539)	1,752,826	(953,185)
Income tax provision
Net income (loss)	280,453	(283,539)	1,752,826	(953,185)
Net loss attributable to non-controlling interest		26,833		106,919
Net income (loss) attributable to Findex.com, Inc.	$ 280,453	$ (256,706)	$ 1,752,826	$ (846,266)
Basic net income (loss) per share
Diluted net income (loss) per share
Basic weighted average common shares outstanding	722,836,769	533,913,355	718,732,314	532,994,267
Diluted weighted average common shares outstanding	864,698,269	533,913,355	775,892,626	532,994,267

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net income (loss)	$ 1,752,826	$ (953,185)
Adjustments to reconcile net income (loss) to cash used in operating activities:
Depreciation	2,188	4,195
Amortization	36,359	35,635
Amortization of debt discount		25,000
Gain on sale of intangible asset	(150,000)
Gain on debt settlement	(34,925)
Gain on restructuring of service-related obligations	(1,580,167)
Stock issued for services		750
Changes in operating assets and liabilities
Decrease in accounts receivable	4,727	9,553
Increase in inventory	(5,372)	(7,225)
Increase in other current assets	(2,872)	(2,444)
Increase in accounts payable	133,863	150,403
Decrease in accounts payable, related parties	(41,460)	(8,386)
Increase in accrued royalties	1,941	2,027
Increase in accrued payroll		76,449
Increase in notes payable, related parties		20,000
Increase in notes payable, related parties, convertible		207,500
Decrease (increase) in contract liability	(182,369)	188,639
Decrease (increase) in other current liabilities	(1,129)	135,169
Net cash used in operating activities	(66,390)	(115,920)
Cash flows from investing activities:
Proceeds from sale of intangible asset	150,000
Net cash provided in investing activities	150,000
Cash flows from financing activities:
Proceeds from sale of common stock		50,000
Proceeds from issuance of notes payable, related parties		20,000
Proceeds from issuance of notes payable, related parties, convertible		70,000
Net cash provided by financing activities		140,000
Net increase in cash and cash equivalents	83,610	24,080
Cash and cash equivalents, beginning of period	1,821	3,179
Cash and cash equivalents, end of period	85,431	27,259
Supplemental cash flow information:
Interest paid
Cash paid for income taxes
Schedule of Non-Cash Investing and Financing Activities:
Issuance of notes payable for accounts payable, related parties		137,500
Issuance of common stock for notes payable, related parties, convertible	55,237
Issuance of common stock as consideration for accounts payable		29,000
Conversion of notes payable to preferred stock	$ 2,099,389

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Current Assets:
Cash and cash equivalents	$ 85,431	$ 1,821
Accounts receivable, net	4,644	9,371
Inventories, net	28,420	23,048
Other current assets	12,130	9,258
Total current assets	130,625	43,498
Property and Equipment, net	5,255	7,443
Intangible Assets, net	157,554	193,913
Total assets	293,434	244,854
Current Liabilities:
Accounts payable	286,736	568,642
Accounts payable, related parties	23,690	65,150
Accrued royalties	73,888	71,947
Accrued payroll	15,748	198,144
Notes payable	28,783	328,783
Notes payable, convertible		25,000
Notes payable, related parties	40,000	926,475
Notes payable, related parties, convertible		1,327,450
Contract liability	9,200	191,569
Other current liabilities	68,538	702,295
Other current liabilities from discontinued operations	114,368	114,368
Total current liabilities	660,951	4,519,823
Stockholders' Deficit:
Common stock, $.001 par value 900,000,000 shares authorized, 722,836,769 and 714,945,811 shares issued and outstanding, respectively	722,837	714,946
Additional paid-in capital	6,122,091	3,976,775
Accumulated deficit	(7,213,864)	(8,966,690)
Total Findex.com, Inc. stockholders' deficit	(367,517)	(4,274,969)
Consolidated investee, non-controlling interest
Total stockholders' deficit	(367,517)	(4,274,969)
Total liabilities and stockholders' deficit	293,434	244,854
Series RX-1
Stockholders' Deficit:
Preferred stock value	1,419
Series RX-2
Stockholders' Deficit:
Preferred stock value
Series RX-3
Stockholders' Deficit:
Preferred stock value	$ 2,406,060