Here are the 10-Q quarterly reports from Madison Technologies Inc (MDEX) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MDEX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MDEX filings page.
Madison Technologies Inc. (MDEX) reported its June 30, 2026 quarter with no operating revenue, a very small asset base of $51,275, and heavy liabilities of $24,623,424, resulting in a stockholders’ deficit of $24,572,149. The company has no cash and a working capital deficit of $24,572,149, funded largely by debt, including senior secured notes, multiple defaulted or past-maturity convertible notes, and a $1,008,244 loan from its principal shareholder.
For the six months ended June 30, 2026, Madison recorded a net loss of $1,273,981, an improvement of about 11% from $1,427,959 a year earlier, driven by lower general and administrative costs, professional fees, and interest expense. Interest expense remained high at $1,103,350, and interest payable on senior secured notes rose to $8,594,888. Management discloses substantial doubt about the company’s ability to continue as a going concern and depends on new capital, support from its largest shareholder, and potential strategic transactions. Internal control over financial reporting is deemed ineffective, with identified material weaknesses. Common shares outstanding increased to 1,761,428,576, reflecting significant dilution.
Madison Technologies Inc. reported another loss-making quarter with no operating revenue and a heavy debt load. For the three months ended March 31, 2026, the company generated no revenues and recorded a net loss of $660,455, slightly better than the $709,477 loss a year earlier, mainly due to lower general and administrative costs and professional fees. Interest expense remained high at $574,102, reflecting substantial borrowings.
At March 31, 2026, Madison had total assets of $90,921, no cash, and current liabilities of $24,062,044, including senior secured notes, convertible notes, promissory notes, and a loan from its principal shareholder. This resulted in a working capital deficit of $23,971,123 and an accumulated deficit of $35,299,205. The company’s capital structure shows significant stockholders’ deficiency and extensive use of preferred stock, warrants, and past convertible financings.
Management states that these conditions raise substantial doubt about Madison’s ability to continue as a going concern. The company is relying on additional capital raises, continued support from its largest shareholder, and potential strategic transactions to fund operations and service debt. Subsequent to quarter end, Madison issued 83,333,333 shares of unregistered common stock upon a lender conversion and received further funding from its principal shareholder, highlighting ongoing dilution and dependence on external financing.