Quest Patent Research Corporation (QPRC) financial statements (2021 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)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments92862552537344416121
Cash and cash equivalents92862552537344416121
Receivables1,8511 1,8505252755
Other current assets1014151720141
Total current assets:1,9528775662,405889705127
Noncurrent Assets
Intangible assets, net (including goodwill)2,3402,4782,6162,7542,8953,0353,173
Intangible assets, net (excluding goodwill)2,3402,4782,6162,7542,8953,0353,173
Total noncurrent assets:2,3402,4782,6162,7542,8953,0353,173
TOTAL ASSETS:4,2923,3553,1835,1593,7853,7403,300
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,7152,3322,1203,3631,5751,115666
Accrued liabilities  117118118117115
Interest and dividends payable  118467  118
Other undisclosed accounts payable and accrued liabilities2,7152,3321,8862,7781,457999433
Debt1,2691,2601,099716   
Derivative instruments and hedges, liabilities 4956355958101,100705
Due to related parties4,6734,6044,5414,4834,4294,3794,334
Other undisclosed current liabilities816247390388769844839
Total current liabilities:9,4738,9378,7859,5457,5837,4396,544
Noncurrent Liabilities
Other undisclosed noncurrent liabilities1,3531,3219291,4631,9261,8811,835
Total noncurrent liabilities:1,3531,3219291,4631,9261,8811,835
Total liabilities:10,82610,2589,71411,0089,5099,3208,379
Stockholders' equity
Stockholders' equity attributable to parent(6,534)(6,904)(6,532)(5,849)(5,724)(5,579)(5,080)
Common stock11111111111111
Additional paid in capital14,42814,10814,10814,10814,10814,10814,108
Accumulated deficit(20,974)(21,023)(20,651)(19,969)(19,844)(19,699)(19,200)
Stockholders' equity attributable to noncontrolling interest00000(0)1
Total stockholders' equity:(6,534)(6,904)(6,532)(5,849)(5,724)(5,580)(5,079)
TOTAL LIABILITIES AND EQUITY:4,2923,3553,1835,1593,7853,7403,300

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

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
Revenues3,4051,2138702,1156401,013375
Cost of revenue
(Cost of Goods and Services Sold)
  (910)(1,984)(555)(579)(265)
Gross profit:3,4051,213(40)13285433110
Operating expenses(3,298)(1,338)(1,292)(2,261)(858)(907)(587)
Other undisclosed operating income  9101,984555579265
Operating income (loss):107(125)(422)(145)(218)106(212)
Nonoperating income (expense)(57)(182)(261)2574(607)(328)
Investment income, nonoperating175140(40)215290(395)(165)
Interest and debt expense(233)(322)(221)(217)(216)(212)(163)
Loss from continuing operations before equity method investments, income taxes:(183)(629)(904)(337)(361)(712)(703)
Other undisclosed income from continuing operations before income taxes233322221217216212163
Income (loss) from continuing operations before income taxes:50(307)(683)(120)(145)(501)(540)
Income tax expense (65)(0)(5)  (0)
Net income (loss):50(372)(683)(125)(145)(501)(540)
Net income (loss) attributable to noncontrolling interest0  (0)(0)20
Net income (loss) available to common stockholders, diluted:50(372)(683)(125)(145)(499)(540)

Comprehensive Income ($ in thousands)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
Net income (loss):50(372)(683)(125)(145)(501)(540)
Comprehensive income (loss):50(372)(683)(125)(145)(501)(540)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0  (0)(0)20
Comprehensive income (loss), net of tax, attributable to parent:50(372)(683)(125)(145)(499)(540)

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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