 |
| | Business Summary: Medical Connections Holdings, Inc. provides recruiting and staffing services to the healthcare and medical industries in the United States. | | | Address
2300 Glades Road
Suite 202 E
Boca Raton
, FL 33431
Phone: 561-353-1110
Fax: 561-353-1042
Website: http://www.medicalconnections.com
| | Auditor |
|---|
DE MEO, YOUNG, MCGRATH
| | Transfer Agent |
|---|
Interwest Transfer Co. Inc.
| | ShareHolders: 1028 | Founded: 1999
Domicile: Florida | | | |
| | Medical Connections Holdings, Inc. provides recruiting and staffing services to the healthcare and medical industries in the United States. It engages in identifying, selecting, and placing allied health specialists, pharmacists, physicians, nurses, and hospital management executives for permanent and temporary positions. The company was founded in 2002 and is headquartered in Boca Raton, Florida. | | History: INCORPORATED in Florida May 11, 1999, as Mortgage Depot Online Corp.; name changed to Webb Mortgage Depot, Inc. Aug. 10, 1999, and to Medical Connections Holdings, Inc. Dec. 14, 2005. On Dec. 27, 2005, the company acquired Medical Connections, Inc. (incorporated in Florida Nov. 26, 2002). | | | | Subsidiaries: |
|---|
Medical Connections, Inc.
| | | | | | | | | |
|
Management
|
|---|
| Officers | Position |
|---|
| Anthony J. Nicolosi | President | | Jeffrey Rosenfeld | Chief Executive Officer | | Brian R. Neill | Chief Financial Officer & Chief Accounting Officer |
| | Directors |
|---|
| | |
| | | | Capitalization as of 03/31/2010: | | | | | Authorized Shares | Outstanding Shares |
|---|
| Preferred $0.001 par | 5,000,000 | 1,528,770so1 | | Common $0.001 par | 70,000,000 | 61,524,804 |
| | | | LONG TERM DEBT: None. | | | | Common $0.001 par | | | |
Stockholders:
03/08/2010,
1028.
| |
Transfer Agent: Interwest Transfer Co. Inc.
Salt Lake City
, UT | | | | OTC Bulletin Board( Primary): MCTH | | | | Exchange | Year | High | Low |
|---|
| OTC Bulletin Board | 2009 | 2.0900 | 0.2000 | | OTC Bulletin Board | 2008 | 4.0000 | 0.8000 | | OTC Bulletin Board | 2007 | 3.7400 | 1.2500 | | OTC Bulletin Board | 2006 | 7.2500 | 3.2500 |
|
| | | | DIVIDENDS: Common $0.001 par: No cash.
One Series A Preferred share for each Common share held of record July 3, 2006.
Common reverse split 1-for-100, Jan. 20, 2006. | | | | | |
so1Consists of 68,770 Ser. A, 1,000,000 Ser. B and 460,000 Ser. C shares. Each Ser. A share is convertible into 19 Common shares. | |
| | Annual Report |
|---|
| | | Income Statement | |
| 2009 | 2008 |
|---|
| REVENUES |
|
| | Revenues | 6,131,611 | 7,066,990 | | EXPENSES |
|
| | Direct Costs of Revenues | (4,466,871) | (4,257,929) | | Recruiting - Salaries and Costs | (2,102,727) | (2,782,672) | | Sales and Marketing Expenses | (359,703) | (636,851) | | Professional and Consulting Fees | (2,662,194) | (2,735,360) | | General and Administration Expenses | (3,596,723) | (3,793,578) | | Interest Expense | (71) | (13,898) | | Interest Income | 179 | 20,371 | | Others | (655,387) | (409,283) | | Earnings before Taxes | (7,711,887) | (7,542,210) | | TAXES AND OTHER EXPENSES |
|
| | Net Income (Loss) | (7,711,887) | (7,542,210) | | SUPPLEMENTARY INFO |
|
| | Basic EPS - Continuing Operations | (0.20) | (0.28) |
| | | | Balance Sheet | |
| 2009 | 2008 |
|---|
| CURRENT ASSETS |
|
| | Cash and Cash Equivalents | 1,017,843 | 599,058 | | Accounts Receivable, Net | 804,382 | 1,018,322 | | Prepaid Expenses | 98,515 | 175,309 | | Total Current Assets | 1,920,740 | 1,792,689 | | NON CURRENT ASSETS |
|
| | Accumulated Depreciation | (243,475) | (183,064) | | Property and Equipment | 386,953 | 326,907 | | Investments | - | 400,000 | | Intangible Assets | 218,981 | - | | Security Deposit | 206,642 | 228,540 | | Total Assets | 2,489,841 | 2,565,072 | | CURRENT LIABILITIES |
|
| | Accounts Payable | 129,227 | 357,265 | | Accrued Expenses | 85,063 | 81,539 | | Total Current Liabilities | 214,290 | 438,804 | | NON CURRENT LIABILITIES |
|
| | Preferred Stock Non Redeemable | 1,000 | 1,000 | | Preferred Stock Non Redeemable | 460 | - | | Preferred Stock Convertible | 85 | 111 | | SHAREHOLDERS' EQUITY |
|
| | Common Stock - Par Value | 52,379 | 29,343 | | Additional Paid in Capital | 35,766,000 | 27,928,300 | | Accumulated Deficit | (33,544,380) | (25,832,490) | | Total Shareholders Equity | 2,275,551 | 2,126,268 | | Total Liabilities & Shareholders Equity | 2,489,841 | 2,565,072 |
| | | |
| | Interim Report
|
|---|
| | | Data Not Available | | | | | | | | | |
| | Pro Forma Report
|
|---|
| | | Data Not Available | | | | | | | | | |
| | Quarterly Report Information
|
|---|
| | | Quarterly Revenue, US$ |
|---|
| Year | Quarter | Revenue | | 2010 |
1 | 1,430,000 | | 2009 |
1 | 1,530,000 | | 2009 |
2 | 1,560,000 | | 2009 |
3 | 1,550,000 | | 2009 |
4 | 1,490,000 | | 2009 |
Full Year
| 6,130,000 | | 2008 |
1 | 1,670,000 | | 2008 |
2 | 1,820,000 | | 2008 |
3 | 1,860,000 | | 2008 |
4 | 1,720,000 | | 2008 |
Full Year
| 7,070,000 | | 2007 |
1 | 1,150,000 | | 2007 |
2 | 930,000 | | 2007 |
3 | 1,180,000 | | 2007 |
4 | 1,570,000 | | 2007 |
Full Year
| 4,830,000 | | 2006 |
1 | 240,000 | | 2006 |
2 | 450,000 | | 2006 |
3 | 750,000 | | 2006 |
4 | 800,000 | | 2006 |
Full Year
| 2,210,000 | | 2005 |
1 | 90,000 | | 2005 |
2 | 130,000 | | 2005 |
3 | 200,000 | | 2005 |
4 | 100,000 | | 2005 |
Full Year
| 520,000 |
| | | | | | Quarterly Net Income, US$ |
|---|
| Year | Quarter | Revenue | | 2010 |
1 | (2,500,000) | | 2009 |
1 | (1,480,000) | | 2009 |
2 | (1,740,000) | | 2009 |
3 | (1,920,000) | | 2009 |
4 | (2,570,000) | | 2009 |
Full Year
| (7,710,000) | | 2008 |
1 | (1,860,000) | | 2008 |
2 | (1,740,000) | | 2008 |
3 | (2,010,000) | | 2008 |
4 | (1,930,000) | | 2008 |
Full Year
| (7,540,000) | | 2007 |
3 | (1,810,000) | | 2007 |
4 | (2,070,000) | | 2007 |
Full Year
| (6,510,000) | | 2006 |
Full Year
| (2,650,000) | | 2005 |
Full Year
| (2,150,000) |
| | | | | | Quarterly EPS, US$ |
|---|
| Year | Quarter | Revenue | | 2010 |
1 | (.04) | | 2009 |
1 | (.05) | | 2009 |
2 | (.05) | | 2009 |
3 | (.05) | | 2009 |
4 | (.05) | | 2009 |
Full Year
| (.20) | | 2008 |
1 | (.08) | | 2008 |
2 | (.07) | | 2008 |
3 | (.07) | | 2008 |
4 | (.07) | | 2008 |
Full Year
| (.28) | | 2007 |
1 | (.24) | | 2007 |
2 | (.10) | | 2007 |
3 | (.15) | | 2007 |
4 | (.12) | | 2007 |
Full Year
| (.57) | | 2006 |
1 | (1.66) | | 2006 |
2 | (.93) | | 2006 |
3 | (.25) | | 2006 |
4 | (.21) | | 2006 |
Full Year
| (1.75) | | 2005 |
1 | (4.66) | | 2005 |
2 | (5.52) | | 2005 |
3 | (1.09) | | 2005 |
4 | (1.80) | | 2005 |
Full Year
| (4.74) |
| | | |
| |
|
