Quality Online Education Group Inc. (QOEG) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
#306- 650 HIGHWAY 7 EAST RICHMOND HILL, ON L4B2N7 |
| State of Incorp. | DE |
| Fiscal Year End | August 31 |
| Industry (SIC) | 87 - Engineering, Accounting, Research, Management, And Related Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 5/31/2023 Q3 | 2/28/2023 Q2 | 11/30/2022 Q1 | 8/31/2022 Q4 | 8/31/2014 Q4 | 5/31/2014 Q3 | 2/28/2014 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 168 | 106 | 96 | 280 | 1,113 | ||||
| Cash and cash equivalents | 168 | 106 | 96 | 280 | 1,113 | ||||
| Receivables | 24 | 10 | 1,462 | 771 | 644 | ||||
| Prepaid expense | 291 | 249 | |||||||
| Other undisclosed current assets | 13 | 10 | 1,101 | 1,720 | 166 | ||||
| Total current assets: | 204 | 127 | 2,949 | 3,019 | 1,923 | ||||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 819 | 3 | 2,000 | 2,018 | 2,053 | ||||
| Intangible assets, net (including goodwill) | 759 | 759 | 1,201 | 1,277 | 1,326 | ||||
| Goodwill | 153 | 476 | 476 | ||||||
| Intangible assets, net (excluding goodwill) | 759 | 759 | 1,048 | 802 | 851 | ||||
| Regulated entity, other noncurrent assets | 93 | 41 | 73 | ||||||
| Deposits noncurrent assets | 258 | ||||||||
| Other undisclosed noncurrent assets | (0) | 2,293 | 361 | 363 | |||||
| Total noncurrent assets: | 1,578 | 762 | 5,845 | 3,697 | 3,815 | ||||
| TOTAL ASSETS: | 1,783 | 889 | 8,795 | 6,716 | 5,739 | ||||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 157 | 163 | 997 | 733 | 460 | ||||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 586 | 448 | 263 | ||
| Accounts payable | 157 | 163 | |||||||
| Accrued liabilities | 411 | 285 | 197 | ||||||
| Debt | 4,401 | 3,558 | 3,161 | ||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 145 | 145 | 145 | ||
| Due to related parties | ✕ | ✕ | 198 | 663 | |||||
| Other undisclosed current liabilities | 3,707 | 2,089 | (3,524) | (2,221) | (2,098) | ||||
| Total current liabilities: | 3,864 | 2,450 | 2,683 | 2,215 | 1,668 | ||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 936 | 972 | 1,112 | ||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 290 | 327 | 362 | ||
| Due to related parties | ✕ | ✕ | 645 | 645 | 750 | ||||
| Other undisclosed noncurrent liabilities | 88 | 89 | 3,578 | 2,306 | 2,307 | ||||
| Total noncurrent liabilities: | 88 | 89 | 4,514 | 3,278 | 3,419 | ||||
| Total liabilities: | 3,952 | 2,538 | 7,197 | 5,493 | 5,087 | ||||
| Equity | |||||||||
| Equity, attributable to parent, including: | (2,169) | (1,649) | 1,754 | 1,376 | 799 | ||||
| Preferred stock | 0 | 0 | |||||||
| Common stock | 174 | 171 | 4 | 3 | 3 | ||||
| Additional paid in capital | 8,017 | 7,652 | 3,454 | 955 | (3) | ||||
| Accumulated other comprehensive income (loss) | 29 | 12 | (10) | (6) | (9) | ||||
| Retained earnings (accumulated deficit) | (10,509) | (9,605) | 1,399 | 1,115 | 808 | ||||
| Other undisclosed equity, attributable to parent | 119 | 121 | (3,092) | (691) | |||||
| Equity, attributable to noncontrolling interest | (157) | (152) | (147) | ||||||
| Other undisclosed equity | 0 | ||||||||
| Total equity: | (2,169) | (1,649) | 1,597 | 1,223 | 652 | ||||
| TOTAL LIABILITIES AND EQUITY: | 1,783 | 889 | 8,795 | 6,716 | 5,739 | ||||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 5/31/2023 Q3 | 2/28/2023 Q2 | 11/30/2022 Q1 | 8/31/2022 Q4 | 8/31/2014 Q4 | 5/31/2014 Q3 | 2/28/2014 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 813 | 654 | (921) | 498 | 618 | |||
| Investment banking revenue | ✕ | ✕ | ✕ | ✕ | (1,093) | 396 | 516 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 2,078 | 1,480 | 1,441 | |
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | 223 | 36 | 102 | |
| Cost of revenue | (398) | (205) | (1,136) | (717) | (586) | |||
| Other undisclosed gross profit | 2,999 | 981 | ||||||
| Gross profit: | 415 | 449 | 941 | 762 | 31 | |||
| Operating expenses | (1,319) | (1,165) | (561) | (239) | (975) | |||
| Other operating income, net (Other Nonrecurring (Income) Expense) | 4 | 13 | 0 | |||||
| Other undisclosed operating income (loss) | 73 | (25) | 1,410 | |||||
| Operating income (loss): | (904) | (716) | 457 | 511 | 466 | |||
| Nonoperating income (expense) (Gain (Loss), Foreign Currency Transaction, before Tax) | (4) | 3 | (5) | |||||
| Interest and debt expense | (44) | (36) | (27) | |||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 47 | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (904) | (716) | 456 | 477 | 434 | |||
| Other undisclosed income (loss) from continuing operations before income taxes | (39) | 10 | 5 | |||||
| Income (loss) from continuing operations before income taxes: | (904) | (716) | 417 | 487 | 439 | |||
| Income tax expense | (138) | (185) | (72) | |||||
| Income (loss) from continuing operations: | (904) | (716) | 279 | 302 | 368 | |||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 279 | 302 | 368 | |
| Other undisclosed net loss | ||||||||
| Net income (loss): | (904) | (716) | 279 | 302 | 368 | |||
| Net income attributable to noncontrolling interest | 5 | 5 | 5 | |||||
| Other undisclosed net income (loss) attributable to parent | (5) | |||||||
| Net income (loss) available to common stockholders, diluted: | (904) | (716) | 284 | 307 | 368 | |||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 5/31/2023 Q3 | 2/28/2023 Q2 | 11/30/2022 Q1 | 8/31/2022 Q4 | 8/31/2014 Q4 | 5/31/2014 Q3 | 2/28/2014 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (904) | (716) | 279 | 302 | 368 | |||
| Comprehensive income (loss): | (904) | (716) | 279 | 302 | 368 | |||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (5) | (5) | (5) | |||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 5 | 12 | 6 | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | (904) | (716) | 280 | 310 | 368 | |||
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.