Quest Patent Research Corporation (QPRC) Financial Statements (2026 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 19348256391265248
Cash and cash equivalent 19348256391265248
Receivables883,015  1,033
Inventory, net of allowances, customer advances and progress billings     2 
Inventory     2 
Other current assets612285126
Other undisclosed current assets    (2) 
Total current assets:2075023,607962771,287
Noncurrent Assets
Intangible asset, including goodwill, after accumulated amortization10,2303,0383,6751,1315392,201
Intangible asset, excluding goodwill, after accumulated amortization10,2303,0383,6751,1315392,201
Total noncurrent assets:10,2303,0383,6751,1315392,201
TOTAL ASSETS:10,4383,5417,2821,2278173,488
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1221561,6751491292,892
Accounts payable   1,378   
Accrued liabilities1,8871,1961,097 9 
Other undisclosed accounts payable and accrued liabilities(1,766)(1,040)(800)1491202,892
Debt1382,7702,7972,7971381,794
Derivative instruments and hedges, liabilities    1451,636 
Other liabilities22,2647,6347,326   
Due to related parties✕✕✕✕2,7972,8054,673
Other undisclosed current liabilities4,9031,4781,5173,6993,695138
Total current liabilities:27,42712,03813,3139,5868,4039,497
Noncurrent Liabilities
Long-term debt and lease obligation150150150   
Long-term debt, excluding current maturities150150150   
Other undisclosed noncurrent liabilities545454204340833
Total noncurrent liabilities:204204204204340833
Total liabilities:27,63112,24213,5179,7908,74310,329
Equity
Equity, attributable to parent(17,193)(8,702)(6,236)(8,563)(7,927)(6,842)
Common stock00001611
Additional paid in capital17,68117,68117,67517,62617,49314,428
Accumulated deficit(34,874)(26,383)(23,911)(26,189)(25,436)(21,281)
Equity, attributable to noncontrolling interest000000
Total equity:(17,193)(8,701)(6,236)(8,563)(7,927)(6,842)
TOTAL LIABILITIES AND EQUITY:10,4383,5417,2821,2278173,488

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues  2,79513,1534512,0505,488
Cost of revenue(4,071)(1,163)(5,316)   
Cost of product and service sold(4,054)(1,163)(5,316)   
Other undisclosed gross profit  (681)(1,590)(304)  
Gross profit:(4,071)9516,2471482,0505,488
Operating expenses(3,618)(2,797)(2,741)(1,980)(5,164)(6,207)
Operating income (loss):(7,689)(1,846)3,506(1,832)(3,114)(719)
Nonoperating income (expense)(802)(525)(1,198)1,077(1,039)(528)
Investment income, nonoperating      275
Other nonoperating expense   (2,000)   
Interest and debt expense(700)(690)(240)(83)(64)(804)
Income (loss) from continuing operations before equity method investments, income taxes:(9,191)(3,062)2,068(837)(4,217)(2,052)
Other undisclosed income from continuing operations before income taxes7006902408364804
Income (loss) from continuing operations before income taxes:(8,492)(2,372)2,308(755)(4,153)(1,247)
Income tax expense (benefit)  (100)(30)1(2)(65)
Income (loss) from continuing operations:(8,492)(2,472)2,278(754)(4,155)(1,313)
Loss before gain (loss) on sale of properties:✕✕✕✕✕(4,155)(1,313)
Net income (loss):(8,492)(2,472)2,278(754)(4,155)(1,313)
Net income attributable to noncontrolling interest      0
Net income (loss) available to common stockholders, diluted:(8,492)(2,472)2,278(754)(4,155)(1,313)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):(8,492)(2,472)2,278(754)(4,155)(1,313)
Comprehensive income (loss):(8,492)(2,472)2,278(754)(4,155)(1,313)
Comprehensive income, net of tax, attributable to noncontrolling interest      0
Comprehensive income (loss), net of tax, attributable to parent:(8,492)(2,472)2,278(754)(4,155)(1,313)

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.

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