CQENS TECHNOLOGIES INC. Financial Statements (2025 and earlier)
Company Profile
| Business Address |
5550 NICOLLET AVENUE MINNEAPOLIS, MN 55419 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2834 - Pharmaceutical Preparations (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 4,596,556 | 350,565 | 219,781 | 3,588,377 | 589,153 | 1,298 | |||
| Cash and cash equivalent | 4,596,556 | 350,565 | 219,781 | 3,588,377 | 589,153 | 1,298 | |||
| Prepaid expense | 109,137 | 43,891 | 182,713 | 143,369 | 59,396 | 1,553 | |||
| Total current assets: | 4,705,693 | 394,456 | 402,494 | 3,731,746 | 648,549 | 2,851 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 21,979 | 79,800 | 126,235 | ||||||
| Property, plant and equipment | 157,574 | 177,722 | 190,005 | 193,804 | |||||
| Intangible assets, net (including goodwill) | 1,386,720 | 1,144,024 | 973,823 | 707,760 | 643,216 | 290,346 | |||
| Intangible assets, net (excluding goodwill) | 1,386,720 | 1,144,024 | 973,823 | 707,760 | 643,216 | 290,346 | |||
| Prepaid expense | 1,315,784 | 498,408 | 458,317 | ||||||
| Other undisclosed noncurrent assets | 2,092 | 8,368 | 14,644 | ||||||
| Total noncurrent assets: | 2,726,575 | 1,888,174 | 1,750,741 | 897,765 | 837,020 | 290,346 | |||
| TOTAL ASSETS: | 7,432,268 | 2,282,630 | 2,153,235 | 4,629,511 | 1,485,569 | 293,197 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,241,025 | 352,617 | 316,589 | 198,925 | 80,873 | 65,819 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 48,232 | ||||
| Accounts payable | 961,887 | 104,179 | 222,539 | 82,126 | 44,202 | 10,722 | |||
| Accrued liabilities | 279,138 | 248,438 | 94,050 | 116,799 | 36,671 | 6,865 | |||
| Debt | 50,000 | ||||||||
| Due to related parties | ✕ | ✕ | ✕ | 703,044 | |||||
| Other undisclosed current liabilities | 1,888,693 | 963,571 | 52,217 | 255,544 | 40,000 | ||||
| Total current liabilities: | 3,129,718 | 1,316,188 | 368,806 | 198,925 | 336,417 | 858,863 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 20,476 | 74,018 | |||||||
| Operating lease, liability | 20,476 | 74,018 | |||||||
| Total noncurrent liabilities: | 20,476 | 74,018 | |||||||
| Total liabilities: | 3,129,718 | 1,336,664 | 442,824 | 198,925 | 336,417 | 858,863 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 4,302,550 | 945,966 | 1,710,411 | 4,430,586 | 1,149,152 | (565,666) | |||
| Common stock | 2,683 | 2,618 | 2,607 | 2,602 | 2,540 | 2,484 | |||
| Additional paid in capital | 39,068,448 | 24,799,273 | 21,261,500 | 17,737,478 | 5,990,194 | 1,733,900 | |||
| Accumulated other comprehensive income (loss) | (40) | ||||||||
| Accumulated deficit | (34,763,794) | (23,856,439) | (19,553,696) | (13,309,494) | (4,843,582) | (2,302,050) | |||
| Other undisclosed equity, attributable to parent | (4,747) | 514 | |||||||
| Other undisclosed equity | |||||||||
| Total equity: | 4,302,550 | 945,966 | 1,710,411 | 4,430,586 | 1,149,152 | (565,666) | |||
| TOTAL LIABILITIES AND EQUITY: | 7,432,268 | 2,282,630 | 2,153,235 | 4,629,511 | 1,485,569 | 293,197 | |||
Income Statement (P&L) (USD)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Gross profit: | (458,317) | |||||||
| Operating expenses | (10,928,392) | (4,293,840) | (6,242,693) | (8,454,806) | (2,532,385) | (121,429) | ||
| Other undisclosed operating income | 458,317 | |||||||
| Operating loss: | (10,928,392) | (4,293,840) | (6,242,693) | (8,454,806) | (2,532,385) | (121,429) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 15,816 | (9,710) | (1,509) | (11,106) | (9,147) | (8,450) | ||
| Loss from continuing operations: | (10,912,576) | (4,303,550) | (6,244,202) | (8,465,912) | (2,541,532) | (129,879) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (8,465,912) | (2,541,532) | (129,879) | |
| Net loss: | (10,912,576) | (4,303,550) | (6,244,202) | (8,465,912) | (2,541,532) | (129,879) | ||
| Net income attributable to noncontrolling interest | 5,221 | 807 | ||||||
| Net loss attributable to parent: | (10,907,355) | (4,302,743) | (6,244,202) | (8,465,912) | (2,541,532) | (129,879) | ||
| Preferred stock dividends and other adjustments | (10,000) | |||||||
| Net loss available to common stockholders, diluted: | (10,907,355) | (4,302,743) | (6,244,202) | (8,465,912) | (2,541,532) | (139,879) | ||
Comprehensive Income (USD)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (10,912,576) | (4,303,550) | (6,244,202) | (8,465,912) | (2,541,532) | (129,879) | ||
| Other undisclosed comprehensive income | 5,141 | |||||||
| Comprehensive loss: | (10,907,435) | (4,303,550) | (6,244,202) | (8,465,912) | (2,541,532) | (129,879) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 40 | 807 | ||||||
| Comprehensive loss, net of tax, attributable to parent: | (10,907,395) | (4,302,743) | (6,244,202) | (8,465,912) | (2,541,532) | (129,879) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.