Quest Patent Research Corporation (QPRC) financial statements (2020 and earlier)

Company profile

Business Address 411 THEODORE FREMD AVE.
RYE, NY 10580
State of Incorp.
Fiscal Year End December 31
SIC 519 - Miscellaneous Non-durable Goods (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments537167166208332920
Cash and cash equivalents537167166208332920
Receivables1,850 355422310
Other current assets1723262 
Other undisclosed current assets      11
Total current assets:2,40516917126637911620
Noncurrent Assets
Intangible assets, net (including goodwill)2,7542,0462,4632,0572,319 
Intangible assets, net (excluding goodwill)2,7542,0462,4632,0572,319  
Total noncurrent assets:2,7542,0462,4632,0572,319  
TOTAL ASSETS:5,1592,2152,6342,3232,69811620
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,363339147124709175
Accrued liabilities1181188662233  
Interest and dividends payable467    216261
Other undisclosed accounts payable and accrued liabilities2,7782216261(163)(125)(186)
Debt716      
Deferred compensation liability      3,815
Derivative instruments and hedges, liabilities59554090140   
Due to related parties4,4834,2933,5102,002163163217
Other undisclosed current liabilities3886626141,3941,233216261
Total current liabilities:9,5455,8344,3613,6591,4654704,369
Noncurrent Liabilities
Liabilities, other than long-term debt    58725 
Due to related parties    58725 
Other undisclosed noncurrent liabilities1,463920700 826(25) 
Total noncurrent liabilities:1,463920700 1,413  
Total liabilities:11,0086,7545,0613,6592,8784704,369
Stockholders' equity
Stockholders' equity attributable to parent(5,849)(4,541)(2,430)(1,339)(183)(356)(4,352)
Common stock1111119977
Additional paid in capital14,10814,10814,10814,03314,23313,7349,572
Accumulated deficit(19,969)(18,660)(16,549)(15,381)(14,425)(14,097)(13,931)
Stockholders' equity attributable to noncontrolling interest0232323
Total stockholders' equity:(5,849)(4,539)(2,427)(1,337)(181)(354)(4,349)
TOTAL LIABILITIES AND EQUITY:5,1592,2152,6342,3232,69811620

Income statement (P&L) ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues4,1437,0691,2321,26449894175
Revenue, net1418332330
Cost of revenue
(Cost of Goods and Services Sold)
(3,384)(6,072)(1)(2)(2)(369)(22)
Gross profit:7599971,2311,26249657252
Operating expenses(4,613)(7,040)(1,777)(1,941)(772)(713)(902)
Other undisclosed operating income3,3846,072122  
Operating income (loss):(469)29(546)(677)(274)(141)(849)
Nonoperating expense(836)(1,101)(516)(279)(54)(21)(22)
Investment income, nonoperating(55)(450)    (5)
Interest and debt expense(808)(651)(566)(337)(52)(20)(22)
Other undisclosed income from continuing operations before equity method investments, income taxes  566    
Loss from continuing operations before equity method investments, income taxes:(2,113)(1,723)(1,061)(1,293)(379)(183)(893)
Other undisclosed income from continuing operations before income taxes808651     
Loss from continuing operations before income taxes:(1,305)(1,072)(1,061)(1,293)(379)(183)(893)
Income tax expense(5)(1,040)(106)  (1) 
Loss before gain (loss) on sale of properties:(1,310)(2,112)(1,167)(1,293)(379)(184)(893)
Other undisclosed net income   337522122
Net loss:(1,310)(2,112)(1,167)(956)(327)(162)(871)
Net income (loss) attributable to noncontrolling interest21(1)0(1)1(0)
Net loss available to common stockholders, diluted:(1,309)(2,110)(1,168)(956)(328)(162)(871)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(1,310)(2,112)(1,167)(956)(327)(162)(871)
Comprehensive loss:(1,310)(2,112)(1,167)(956)(327)(162)(871)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest21(1)0(1)1(0)
Comprehensive loss, net of tax, attributable to parent:(1,309)(2,110)(1,168)(956)(328)(162)(871)

Statements sources

The financial statements are based on the company's filings with the 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.

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