What changed in this filing

/stocks — the workspaceLOADING

Item 5. Market for Registrant’s Common Equity

2020-04-14 compared with 2019-04-01 · 44 added, 46 removed, 312 unchanged (22% of the section changed)

9 unchanged sentences

and reflects inter-dealer prices, without retail mark-up, mark-down or commission, and may not represent actual transactions.

& Low Prices (1)

Markets Group Inc.

High & Low Prices (1)

31 March 2020

Markets Group Inc.

OTC Markets Group Inc.

31 December 2019

OTC Markets Group Inc.

30 September 2019

OTC Markets Group Inc.

31 March 2019

Markets Group Inc.

All high & low price data for all periods reflect Madison’s 10:1 consolidation, which was effective March 11, 2015

OTC Markets Group Inc.

31 December 2018

OTC Markets Group Inc.

30 September 2018

OTC Markets Group Inc.

31 March 2018

OTC Markets Group Inc.

All high & low price data for all periods reflect Madison’s 10:1 consolidation, which was effective March 11, 2015 Effective

March 11, 2015, by a majority vote of the shareholders, Madison consolidated its issued and outstanding shares of common stock,

6 unchanged sentences

Madison Technologies Inc.

Form 10-K - 2018

Form 10-K - 2019 Page 8

Holders of Record

21 unchanged sentences

Madison Technologies Inc.

Form 10-K - 2018

Form 10-K - 2019 Page 9

Conversion of Promissory Notes

29 unchanged sentences

bearing a legend with the applicable trading restrictions.

of the date of this filing the shares remain outstanding but not issued.

2018 - $0.10 Private Placement Offering

17 unchanged sentences

person, and (c) there was no prearrangement for the sale of the shares with

No offer was made or accepted in the United States and the share certificates representing the shares will be issued

bearing a legend with the applicable trading restrictions.

No offer was made or accepted in the United States and the share certificates representing the shares will be issued bearing a legend with the applicable trading restrictions.

Madison Technologies Inc.

Form 10-K - 2018

of the date of this filing the shares remain outstanding but not issued.

Form 10-K - 2019 Page 10

2019 - $0.05 Private Placement Offering

19 unchanged sentences

bearing a legend with the applicable trading restrictions.

of the date of this filing the shares remain outstanding but not issued.

2019 - $0.05 Private Placement Offering

19 unchanged sentences

bearing a legend with the applicable trading restrictions.

of the date of this filing the shares remain outstanding but not issued.

Madison Technologies Inc.

Form 10-K - 2018

Form 10-K - 2019 Page 11

Penny Stock Rules

38 unchanged sentences

Madison Technologies Inc.

Form 10-K - 2018

Form 10-K - 2019 Page 12

Packs manufactures a line of custom inserts that provide a level of personal protection from ballistic threats similar to what

4 unchanged sentences

the fiscal year ended December 31, 2019, we incurred net losses of $42,263, compared to our net losses in fiscal 2017 of

Our losses in the current fiscal year were slightly higher due to higher general and administrative expenses that we incurred

in connection with our preparation and filings.

Our losses in the current fiscal year were lower due to a reduction in amortization expense.

have not attained profitable operations and are dependent upon obtaining financing to complete our proposed business plan.

4 unchanged sentences

and Capital Resources

of December 31, 2018, Madison had total assets of $5,543, and a working capital deficit of $366,114, compared with a working capital

deficit of $394,968 as of December 31, 2017.

The decrease in the working capital deficit was primarily due to two convertibles

notes totaling $35,000 being converted into common stock.

As of December 31, 2019, Madison had total

assets of $6,544, and a working capital deficit of $358,377, compared with a working capital deficit of $366,114 as of

December 31, 2018.

The decrease in the working capital deficit was primarily due to a reduction in accounts payable and accrued

The assets consisted of $1,366 in cash and $5,178 in prepaid expenses.

The liabilities consisted of $48,169 in accounts payable and accrued liabilities ($45,394 in 2017), $33,500 in license fee

payable ($33,500 in 2017), $126,498 in notes payable and accrued interest ($123,094 in 2017), $163,000 in convertible notes

payable to third parties ($196,000 in 2017), and $490 in convertible notes payable to a related party $261 in advances in 2017).

The liabilities consisted of $33,655 in accounts

payable and accrued liabilities ($48,169 in 2018), $33,500 in license fee payable ($33,500 in 2018), $134,276 in notes

payable and accrued interest ($126,498 in 2018), $163,000 in convertible notes payable to third parties ($163,000 in 2018), and

$490 in convertible notes payable to a related party.

are no assurances that Madison will be able to achieve further sales of its Common Stock or any other form of additional financing.

2 unchanged sentences

Cash Used in Operating Activities

the fiscal year ended December 31, 2018, net cash used in operating activities increased to $32,967 compared with $10,978

for the same period in the previous fiscal year.

The use of cash was primarily due to a net loss of $53,906 less non-cash

items of interest on the convertible debt of $6,135, amortization of license of $17,760 and, the increase in accounts payable

and accruals.

Gain on the foreign exchange on notes payable and the balance in prepaid expenses were factors in increasing the

cash used in operations.

For the fiscal year ended December 31, 2019,

net cash used in operating activities increased to $51,177 compared with $32,967 for the same period in the previous fiscal year.

The use of cash was primarily due to a net loss of $42,263 less non-cash items of interest on the convertible debt of $6,141,

a reduction in amortization of license , the increase in accounts payable and accruals.

Gain on the foreign exchange on notes

payable and the balances in prepaid expenses were factors in increasing the cash used in operations.

Cash Used in Investing Activities

1 unchanged sentence

Cash Provided by Financing Activities

cash flows provided by financing activities was $32,290 for the fiscal year ended December 31, 2018 as compared with financing

activities of $nil for the same period in the previous fiscal year.

The net cash provided by financing activities was due to the

proceeds from convertible notes payable, small advances from related party and shares subscribed but not issued.

Net cash flows provided by financing activities was $50,000 for

the fiscal year ended December 31, 2019 as compared with financing activities of $32,290 for the same period in the previous fiscal

The net cash provided by financing activities was due to the proceeds from shares issued.

Madison’s

plan of operation for the next 12 months is to deliver the Licensed Products into the European and UK retail and wholesale markets

via the use of online market and fulfilment services including but not limited to Amazon.eu, Redstag and MCS Fulfilment.

via the use of online market and fulfillment services including but not limited to Amazon.eu, Redstag and MCS Fulfilment.

By implementing

4 unchanged sentences

Madison Technologies Inc.

Form 10-K - 2018

Form 10-K - 2019 Page 13

expects to expand Madison’s sales distribution strategy beginning in May 2020 and to be operational by September 2020, this

45 unchanged sentences

Madison Technologies Inc.

Form 10-K - 2018

Form 10-K - 2019 Page 14

independent auditors’

58 unchanged sentences

Madison Technologies Inc.

Form 10-K - 2018

Form 10-K - 2019 Page 15

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity