MDEX on OTC

Madison Technologies Inc.

Madison Technologies Inc. is an American retail-miscellaneous retail company, incorporated in Nevada.1 It is headquartered in Purchase, New York.1 Its shares trade on OTC under the symbol MDEX.1

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Last updated Oct 20, 2026.

Overview

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  • TickerMDEX on OTC1
  • IndustryRetail-Miscellaneous Retail1
  • HeadquartersPurchase, New York1
  • Incorporated inNV2
  • Business address2500 Westchester Avenue, Suite 401, Purchase, Ny 105772
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company2

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Interests, a change of control of the Company occurred (the “Change of Control”).4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

-373.5%Operating margin5
-1146.8%Net margin5
90413.5%Revenue growth, 20216
-$3.0MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Selling, general and admin0¢$8.5K
  • Interest64¢$5.3M
  • Income tax36¢$3.0M

Out of $1.2M in revenue.65 The company lost money this year.

Financial statements

Revenue76$1.2M in 2021+24858% since 2019
0$500.0K$1.0M$1.5M2019: $5.0K$5.0K20192020: $1.4K$1.4K2020−72%2021: $1.2M$1.2M2021+90413%
Gross profit7$578 in 2020−70% since 2019
0$500$1.0K$1.5K$2.0K2019: $1.9K$1.9K20192020: $578$5782020−70%
Operating income65-$4.6M in 2021+3857% since 2020
-$6.0M-$4.0M-$2.0M02020: -$117.4K-$117.4K20202021: -$4.6M-$4.6M2021+3857%
Net income765-$14.3M in 2021+33647% since 2019
-$15.0M-$10.0M-$5.0M02019: -$42.3K-$42.3K20192020: -$910.2K-$910.2K2020+2054%2021: -$14.3M-$14.3M2021+1467%

Every line of the income statement as filed: the last 2 fiscal years, latest first.10

Period ending2025-12-312024-12-31
General and administrative$188.3K$54.1K
Professional fees$311.4K$248.1K
Total operating expenses$499.7K$302.2K
Loss before other expense-$499.7K-$302.2K
Amortized expense (Notes 5, 6 and 7)-$130.2K
Interest expense (Notes 5, 6 and 7)-$2.5M-$2.4M
Total non-operating expense-$2.5M-$2.5M
Loss before income taxes-$3.0M-$2.8M
Net loss-$3.0M-$2.8M
Loss per share, basic-$0-$0
Loss per share, diluted-$0-$0
Weighted average basic shares outstanding1.6B shares1.6B shares
Weighted average diluted shares outstanding1.6B shares1.6B shares

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Corporate structure

Madison Technologies Inc. sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Madison Technologies Inc.

  • Arena Investors Filed SC 13D on Madison Technologies Inc., latest Sep 29, 2023 (3 filings since Nov 16, 2021)
  • Madison Technologies Inc. Purchase, New York
    • Blockchain.tv, Inc. Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Madison Technologies Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Properties, in its own words

We are a remote-only company. Accordingly, we maintain basic headquarters at 2500 Westchester Avenue, Suite 401, Purchase, New York, for which there is no lease.

Item 2 of the 10-K filed Apr 15, 2026.4

Leadership

Who has led Madison Technologies Inc., and when. Pick a name to see everywhere that person has worked.

President

  1. Kevin Michael Stunder2006–2007
  2. Joseph Gallo2007
  3. Thomas Graham Amon2023
2010201520202025
Board members and other officers (8)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Blockchain.tv, Inc. Delaware3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • MADISON EXPLORATIONS, INC.Mar 31, 2010 to Mar 11, 20152
  • Madison Explorations Inc.Mar 9, 2007 to Nov 16, 20092

Timeline

  1. Aug 13, 20258-K Change of auditor18
  2. Nov 9, 20238-K Executive or director change; Other events19
  3. May 24, 20228-K Entered a material agreement20
  4. Apr 29, 20228-K Change of auditor21
  5. Dec 21, 20218-K Entered a material agreement22
  6. Oct 21, 20218-K Entered a material agreement23

Filings

43 filings to the SEC since October 2021: 6 annual reports, 12 quarterly reports, 6 major events, 1 insider forms, 3 large holders, 15 other. The latest 20:

  1. Aug 19, 202610-Q EDGAR
  2. Aug 17, 2026NT 10-Q EDGAR
  3. May 18, 202610-Q EDGAR
  4. May 18, 2026NT 10-Q EDGAR
  5. Apr 17, 202610-K/A EDGAR
  6. Apr 15, 202610-K EDGAR
  7. Apr 1, 2026NT 10-K NOTICE OF LATE FILING EDGAR
  8. Dec 29, 202510-Q EDGAR
  9. Dec 29, 202510-Q EDGAR
  10. Dec 29, 202510-Q EDGAR
  11. Oct 30, 202510-K EDGAR
  12. Aug 22, 202510-K EDGAR
  13. Aug 13, 20258-K EDGAR
  14. May 21, 202410-Q EDGAR
  15. May 7, 202410-Q EDGAR
  16. Mar 28, 202410-Q EDGAR
  17. Jan 25, 202410-K EDGAR
  18. Nov 13, 2023SC 14F1 EDGAR
  19. Nov 9, 20233 EDGAR
  20. Nov 9, 20238-K EDGAR

The 43 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Madison Technologies Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMadison Technologies Inc.1
  • CIK0001318268
  • Employer ID (EIN)85-21517854
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inNevada4
  • Fiscal year endsDecember 311
  • Industry code (SIC)5900 Retail-Miscellaneous Retail1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address2500 Westchester Avenue, Suite 401, Purchase, NY 105771
  • Phone(212) 257-41931
  • Shares outstanding1,761,428,576 as of Aug 19, 20269
  • Public float$187.9K as of Jun 30, 20244
  • AuditorSRCO Professional Corporation, Richmond Hill, Canada PCAOB ID 58284
  • On EDGAR sinceMay 4, 20051
  • Filings220 in all: 10-Q (52), 8-K (34), NT 10-Q (22), 10-K (18), 4 (10), NT 10-K (10), 10QSB (9), 10QSB/A (8)1
    All 30 form types

    3 (7), UPLOAD (5), 10-K/A (4), 10-Q/A (4), CORRESP (4), PRE 14C (4), 10KSB (3), 10SB12G/A (3), 8-K/A (3), DEF 14C (3), SC 14F1 (3), S-1 (2), S-1/A (2), SC 13D (2), 10SB12G (1), 4/A (1), 424B3 (1), D (1), EFFECT (1), RW (1), SC 13G (1), SC 13G/A (1)

  • Latest filingsAnnual report (10-K) Apr 15, 2026
    Quarterly report (10-Q) Aug 19, 2026
    Latest 8-K (8-K) Aug 13, 2025

Securities registered for trading

ClassSymbolExchange
Common stock - $0.001 par value

From the cover page of the 10-K filed Apr 15, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Madison Technologies Inc. names in Item 1A of its 10-K filed Apr 15, 2026: 35 risks under these headings, as written.4

  • Risks Related to Our Business
  • We have a history of losses, have not been profitable historically and may not achieve or maintain profitability in the future.
  • We have incurred debt in connection with our acquisitions of television station assets, some of which is currently in default, and this has and may continue to materially and adversely affect our financial condition and could restrict our operating flexibility.
  • Our products may never achieve market acceptance.
  • If we are unable to attract viewers or acquire customers, our future revenues and operating results will be harmed. Likewise, potential customer turnover in the future, or costs we incur to retain our existing customers, could materially and adversely affect our financial performance.
  • If we are unable to sell services to our customers and grow our customer retention rates, our future revenue and operating results may be harmed.
  • Our business model is predicated, in part, on building a customer base that will generate a recurring stream of revenue. If such revenue stream does not develop as expected, or if our business model changes as the broadcasting industry evolves, our operating results may be adversely affected.
  • Fluctuating economic conditions make it difficult to predict revenue for a particular period, and a shortfall in revenue may harm our operating results.
  • Our brand, reputation and ability to attract, retain, and serve our customers will be dependent in part upon the reliable performance of our products and infrastructure.
  • If we are not able to position our brand or reputation as an industry leader, our business and operating results may be adversely affected.
  • We are dependent on the continued services and performance of Thomas Amon and other key employees we intend to hire in the future, as well as on our ability to successfully hire, train, manage and retain qualified personnel.
  • If we cannot maintain our Company’s culture as it grows, we could lose the innovation, teamwork, passion and focus on execution that we believe contributes to a successful business and as a result, our business may be harmed.
The other 24 risks
  • If we are unable to compete effectively with new entrants and other potential competitors, our sales and profitability could be adversely affected.
  • We may acquire or invest in other companies or technologies in the future, which could divert management’s attention, fail to meet our expectations, result in additional dilution to our stockholders, increase expenses, disrupt our operations or otherwise harm our operating results.
  • Because our services may collect and store viewer and related information, domestic and international privacy and cyber security concerns, and other laws and regulations, could result in additional costs and liabilities to us or inhibit sales of our products or services.
  • We may be subject to governmental regulation and other legal obligations, particularly related to privacy, data protection and information security, and our actual or perceived failure to comply with such obligations could harm our business.
  • Periods of rapid growth and expansion could place a significant strain on our resources, including our future employees, which could negatively impact our operating results.
  • Our future performance may depend on the success of products and services we have not yet developed or acquired.
  • Our operating results may be harmed if we are required to collect taxes on our billings in jurisdictions where it has not historically done so.
  • We expect to require additional capital to support the growth of our business, and this capital might not be available on acceptable terms, if at all.
  • Without obtaining adequate capital funding or improving our financial performance, we may not be able to continue as a going concern.
  • The requirements of being a public company may strain our resources and divert management’s attention.
  • As a smaller reporting company, we are subject to scaled disclosure requirements that may make it more challenging for investors to analyze our results of operations and financial prospects.
  • Our reported financial results may be adversely affected by changes in accounting principles generally accepted in the United States.
  • We may be vulnerable to continued global economic uncertainty causing volatility in financial markets.
  • Risks Related to Our Common Stock
  • The market price of our Common Stock is likely to be highly volatile given our status as a relatively unknown company with a small and thinly traded public float, and lack of profits, and you may lose some or all of your investment.
  • Volatility in the prices of our Common Stock could subject us to securities class action litigation.
  • Our Common Stock is quoted on the Experts Market tier of the OTC Markets Group Inc., which may have an unfavorable impact on the price of our Common Stock and liquidity. Our Common Stock may not be eligible for listing on a national securities exchange.
  • We cannot predict the extent to which an active public trading market for our Common Stock will develop or be sustained. If an active public trading market for our Common Stock does not develop or cannot be sustained, you may be unable to liquidate your investment in our securities.
  • U.S. broker-dealers may be discouraged from effecting transactions in shares of our Common Stock because they may be considered penny stocks and thus be subject to the penny stock rules.
  • Because certain of our stockholders control a significant number of shares of our Common Stock, they may have effective control over actions requiring stockholder approval.
  • If securities or industry analysts do not publish research or reports about us, or publish negative reports, the price of our Common Stock and trading volume could decline.
  • Because we do not anticipate paying any cash dividends on our shares of Common Stock in the foreseeable future, capital appreciation, if any, would be your sole source of gain if you hold such shares.
  • A large number of outstanding shares of our Common Stock is currently restricted from resale. The number of shares eligible for public sale upon the lapse of such restrictions and conversions of outstanding convertible notes and preferred stock could depress the market price of our Common Stock dilute the ownership interests of existing stockholders.
  • We could issue “blank check” preferred stock without stockholder approval with the effect of diluting then current stockholder interests and impairing their voting rights; and provisions in our organizational documents could discourage a takeover that stockholders may consider favorable.
  • Our Articles of Incorporation, amended and restated bylaws (“Bylaws”) and Nevada law have anti-takeover provisions that could discourage, delay or prevent a change in control, which may cause the prices of our securities to decline.

Legal proceedings

Other than the following proceedings, we are not a party to any material pending legal proceedings and, to the best of our knowledge, none of our property or assets are the subject of any material pending legal proceedings.

On February 17, 2024, Agile Capital Funding LLC filed a Confession of Judgment executed by Philip Falcone with the Supreme Court of the State of New York, County of New York. The filing stated that Sovryn Holdings Inc. and Madison Technologies Inc. owe Agile an amount of approximately $190,444 as of February 17, 2024, representing funds received on January 30, 2023, net of repayments, together with accrued interest and collection fees.

The opening of Item 3, Legal Proceedings.4

Sources

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