MDWerks, Inc. filings document governance and material-event disclosures for the Delaware corporation. Recent 8-K reporting covers a board resignation, the appointment of an independent director, and the related independent director agreement.
The filing record describes director compensation arrangements, common-stock grants tied to an equity incentive plan, expense reimbursement terms, confidentiality covenants, and customary director representations. These disclosures connect MDWerks' board composition and governance practices with its public-company capital structure.
MDwerks, Inc. (MDWK) reported modest revenue growth but continued losses for the quarter and six months ended June 30, 2026, while flagging substantial doubt about its ability to continue as a going concern. The company operates two businesses: Two Trees Distilling (spirits using rapid-aging technology) and RF Specialties (radio-frequency industrial applications).
Quarterly revenue rose to $524,090 from $420,609, and the net loss narrowed to $529,872 from $1,336,892, driven mainly by a swing to positive gross profit at RF Specialties as its Molecular Sawdust Drying system moved from build-out to service and installation revenue. For the first half, revenue was $958,177 versus $934,539, with net loss improving to $1,376,904 from $1,966,246.
Liquidity remains strained: cash was only $13,258 at June 30, 2026, after using $605,916 in operating cash in six months, and total liabilities of $3,623,469 far exceed stockholders’ equity of $267,476. The company is funding operations through equity sales, high-interest related-party notes (including 20% convertible debt), and growing deferred revenue, while pursuing new SRAS licensing and a non-binding joint venture LOI with a major lumber company.
MDWerks, Inc. notified regulators that it will file its Quarterly Report on Form 10-Q for the period ended June 30, 2026 after the original August 14, 2026 due date. The company states its financial statements for the quarter are not yet completed and its certifying accountants have not had the opportunity to complete their audit. MDWerks indicates it is relying on Rule 12b-25, which permits a Form 10-Q to be filed within five calendar days after the prescribed due date.
MDWerks, Inc., through its wholly owned subsidiary RF Specialties, announced a non-binding Letter of Intent with Rex Lumber Company to form a proposed joint venture focused on developing, deploying, and commercializing radio frequency-based solutions for the lumber and broader wood-products industry.
Under the LOI, RF Specialties is expected to hold a 51% ownership interest in the joint venture and Rex Lumber a 49% interest. RF Specialties would contribute radio frequency intellectual property, an exclusive license for lumber applications, and engineering and manufacturing support, while Rex Lumber would provide sales leadership, distribution capabilities, strategic commercial support, and a multi-million-dollar initial capital investment. The LOI also allows Rex Lumber to designate a representative to the MDWerks board, and any final transaction remains subject to definitive agreements, approvals, and customary closing conditions.
MDWerks, Inc. expanded its Board of Directors from five to six members and appointed Jeff Hopmayer as an independent director on July 9, 2026. Hopmayer entered into a three-year Independent Director Agreement effective June 26, 2026. His compensation includes $5,000 each calendar quarter and an initial grant of 500,000 shares of common stock, plus a quarterly bonus in shares based on a $30,000 VWAP schedule. A press release highlights an independently appraised intellectual property portfolio valued at approximately $400 million and describes initial commercial deployments that began in Q2 2026, with the company targeting addressable markets of more than $1.8 trillion across multiple industrial sectors.
Milner Roy Monroe reported acquisition or exercise transactions in this Form 4 filing.
MDWerks, Inc. director Milner Roy Monroe reported two stock awards of common shares received as compensation under his employment agreement and the MDWerks, Inc. 2025 Equity Incentive Plan. He was granted 100,000 shares on February 11, 2026 at $0.15 per share and 46,546 shares on May 15, 2026 at $0.13 per share, both approved by the board and issued in accordance with Rule 16b-3. After these awards, he holds 146,546 common shares directly. The company notes that the Form 4 for the February 11, 2026 grant was inadvertently not filed at the time of that earlier issuance.
Blackstone Richard reported acquisition or exercise transactions in this Form 4 filing.
MDWerks, Inc. director Richard Blackstone received a grant of 46,546 shares of common stock at $0.13 per share. These shares were issued on a quarterly basis under his Employment Agreement and the MDWerks, Inc. 2025 Equity Incentive Plan, with board approval under Rule 16b-3. Following this compensation award, he directly holds 956,132 common shares.
Brocopp Timothy reported acquisition or exercise transactions in this Form 4 filing.
MDWerks, Inc. director Timothy Brocopp received a grant of 46,546 shares of common stock on May 15, 2026 at a price of $0.13 per share. This award was issued quarterly under his November 18, 2024 Employment Agreement and the MDWerks, Inc. 2025 Equity Incentive Plan, with board approval under Rule 16b-3. Following this compensation grant, he holds 3,122,798 common shares directly.
MDwerks, Inc. reported a net loss of $847,032 for the three months ended March 31, 2026, on revenue of $434,087, down from $513,930 a year earlier. Two Trees Distilling revenue rose to $313,739, while RF Specialties revenue fell to $120,348, producing a negative gross profit of $136,263.
Total assets were $4,171,503 and total liabilities were $3,521,320, leaving stockholders’ equity of $650,183. Cash declined to $95,754, and the company had a working capital deficit of $1,782,901 and an accumulated deficit of $7,005,527, leading management to state substantial doubt about its ability to continue as a going concern.
MDwerks continued investing in its Spirits Rapid Aging System and signed SRAS-related contracts and licensing arrangements intended to create recurring “Whiskey-as-a-Service” revenue. Subsequent to quarter-end it issued $145,000 of 20% convertible notes due October 15, 2026, convertible at $0.10 per share.
MDWerks, Inc. director Milner Roy Monroe filed an initial Form 3, which is a required statement of beneficial ownership for company insiders. The data provided shows no reported transactions, no derivative securities activity, and no holding entries in this filing snapshot.
MDwerks, Inc. reports 2025 results showing a small revenue base and widening losses as it builds out its energy-wave and craft spirits platform. Revenue was $2,214,542 in 2025, down slightly from 2024, while the net loss increased to $3,797,990 and the accumulated deficit reached $6,158,495.
The company highlights its rapid-aging Spirits Rapid Aging System and a new “Whiskey-as-a-Service” licensing model, plus an industrial Molecular Sawdust Drying System pilot. However, low year-end cash of $211,948, a working capital deficit of $1,255,017, reliance on external financing, and an auditor going-concern warning underscore significant liquidity risk.