$ENDV

ENDONOVO THERAPEUTICS, INC.

CIK:0001528172|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Revenue	$ 1,520	$ 10,960	$ 134,260	$ 13,892
Cost of revenue	827	4,027	4,823	5,124
Gross profit	693	6,933	129,437	8,768
Operating expenses	473,490	503,711	2,262,833	2,790,057
Loss from operations	(472,797)	(496,778)	(2,133,396)	(2,781,289)
Other income (expense)
Change in fair value of derivative liability	0	(56,213)	11,445,466	(1,903,177)
Gain (loss) on settlement of debt	0	319,081	156,062	362,894
Other expense	(7,481)	(30,879)	(31,999)	(208,879)
Interest expense, net	(285,892)	(338,571)	(908,141)	(1,012,249)
Other income (expense)	(293,373)	(106,582)	10,661,388	(2,761,411)
Income (Loss) before income taxes	(766,170)	(603,360)	8,527,992	(5,542,700)
Provision for income taxes
Net Income (Loss)	$ (766,170)	$ (603,360)	$ 8,527,992	$ (5,542,700)
Basic Income (Loss) per share	$ (0.002)	$ (0.00)	$ 0.03	$ (0.05)
Diluted Loss per share	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.05)
Weighted average common share outstanding:
Basic	298,391,943	153,599,760	276,355,156	122,537,266
Diluted	1,350,805,130	153,599,760	1,350,768,342	122,537,266

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Operating activities:
Net Income (Loss)	$ 8,527,992	$ (5,542,700)
Adjustments to reconcile net income (loss) to cash used in operating activities:
Amortization expense	485,185	485,184
Stock compensation expense	200,966
Fair value of equity issued for services	720,562	1,281,900
Loss (gain) on extinguishment of debt	(156,062)	(362,894)
Amortization of note discount and original issue discount	12,002	90,427
Change in fair value of derivative liability	(11,445,466)	1,903,177
Changes in assets and liabilities:
Prepaid expenses and other current assets	9,052	7,975
Account payable and accrued liabilities (related and unrelated parties)	49,534	297,250
Accrued interest	908,141	921,822
Deferred compensation	283,731	464,562
Net cash used in operating activities	(404,363)	(453,297)
Financing activities:
Proceeds from the issuance of notes payable	195,000	400,000
Repayments on former related party of notes payable	(7,500)	(9,500)
Repayments of convertible debt in cash	(40,000)
Proceeds from issuance of common stock and units, net	256,765
Net cash provided by financing activities	404,265	390,500
Net increase (decrease) in cash	(98)	(62,797)
Cash, beginning of year	98	85,936
Cash, end of period	0	23,139
Supplemental disclosure of cash flow information:
Cash paid for interest
Cash paid for income taxes
Non-Cash Investing and Financing Activities:
Conversion of notes payable and accrued interest to common stock	109,000	339,000
Conversion of Preferred C Stock to common stock	500
Issuance of common stock to settle debt	45,000
Debt discount from issuance of debt	32,875	44,098
Conversion of notes to common stock pursuant to settlement agreement	$ 159,419

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash	$ 0	$ 98
Prepaid expenses and other current assets	35,504	15,724
Total current assets	35,504	15,822
Patents, net	780,260	1,265,444
Total assets	815,764	1,281,266
Current liabilities
Accrued interest related to notes payable	4,417,039	3,542,650
Derivative liability	5,902,829	17,359,064
Total current liabilities	23,696,070	33,381,760
Acquisition payable	79,825	79,825
Total liabilities	23,775,895	33,461,585
COMMITMENTS AND CONTINGENCIES, note 9
Shareholders’ deficit
Common stock, $0.0001 par value; 2,500,000,000 shares authorized; 318,751,597 and 213,227,538 shares issued and outstanding as of September 30, 2023 and December 31, 2022	27,940	21,322
Additional paid-in capital	43,644,063	42,919,086
Stock subscriptions receivable	(1,570)	(1,570)
Accumulated deficit	(66,630,590)	(75,119,183)
Total shareholders’ deficit	(22,960,131)	(32,180,319)
Total liabilities and shareholders’ deficit	815,764	1,281,266
Super AA Super Voting Preferred Stock [Member]
Shareholders’ deficit
Series D convertible preferred stock, $0.0001 par value; 20,000 shares authorized, 0 and 50 issued and outstanding at September 30, 2023 and December 31, 2022	25	25
Series B Convertible Preferred Stock [Member]
Shareholders’ deficit
Series D convertible preferred stock, $0.0001 par value; 20,000 shares authorized, 0 and 50 issued and outstanding at September 30, 2023 and December 31, 2022	1	1
Series C Convertible Preferred Stock [Member]
Shareholders’ deficit
Series D convertible preferred stock, $0.0001 par value; 20,000 shares authorized, 0 and 50 issued and outstanding at September 30, 2023 and December 31, 2022
Series D Convertible Preferred Stock [Member]
Shareholders’ deficit
Series D convertible preferred stock, $0.0001 par value; 20,000 shares authorized, 0 and 50 issued and outstanding at September 30, 2023 and December 31, 2022
Nonrelated Party [Member]
Current liabilities
Accounts payable and accrued liabilities – related party	1,180,968	884,195
Deferred compensation – related party	4,229,029	3,918,788
Notes payable – former related party	6,952,372	7,041,145
Related Party [Member]
Current liabilities
Accounts payable and accrued liabilities – related party	278,665
Deferred compensation – related party	630,568	523,818
Notes payable – former related party	$ 104,600	$ 112,100