Detail akcie MDWerks online

Business Summary: MDwerks, Inc. operates various entities engaged in the sale of products and services to the healthcare industry. The Company is focused on the sale and leasing of digital pen technology and in connection therewith, the provision of funding to the healthcare provider industry. The Company’s products, software and services can help doctors, clinics, surgical or hospital-based practices, home healthcare, nursing homes and other healthcare providers and their vendors improve their electronic medical records. During the year ended December 31, 2008, the Company shifted its focus from the electronic medical claims processing, funding and collection solutions and began focusing its efforts of purchasing leases for digital medical equipment that provide solution to physicians for converting medical records to a digital format. As of December 31, 2008, it had not sold any digital medical equipment.
Financial Summary: BRIEF: For the nine months ended 30 September 2009, MDWerks Inc.'s revenues decreased 48% to $366K. Net loss decreased 6% to $8.2M. Revenues reflect a decrease in sales due to closing down of advance funding and claims processing, billing and collection business. Net loss was offset by a decrease in compensation expenses and a fall in selling, general & administrative expenses due to lower bad debt expenses.