QSAM Biosciences, Inc. (QSAM) Financial Statements (2024 and earlier)

Company Profile

Business Address 9442 CAPITAL OF TEXAS HWY N
AUSTIN, TX 78759
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2842 - Specialty Cleaning, Polishing, and Sanitation Preparations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2251,50080160299
Cash and cash equivalents2251,50080160299
Prepaid expense      6
Deferred costs  35    
Other current assets      
Other undisclosed current assets139135138  
Total current assets:3651,670218160305
Noncurrent Assets
Property, plant and equipment     01
Total noncurrent assets:     01
TOTAL ASSETS:3651,670218160305
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:745569308241166111
Employee-related liabilities9548   
Accrued liabilities463  15  
Other undisclosed accounts payable and accrued liabilities282474260226166111
Debt 4445673,736165165165
Deferred revenue and credits10
Due to related parties8864789  
Contract with customer, liability128
Other undisclosed current liabilities384249822,606  
Total current liabilities:1,5801,3934,1903,800459286
Noncurrent Liabilities
Long-term debt and lease obligation    332,9603,270
Long-term debt, excluding current maturities    332,9603,270
Other undisclosed noncurrent liabilities  109   
Total noncurrent liabilities:  109332,9603,270
Total liabilities:1,5801,3934,2993,8333,4193,556
Temporary equity, carrying amount721694784749713671
Equity
Equity, attributable to parent, including:(1,937)(417)(5,061)(4,573)(3,971)(3,922)
Preferred stock      
Common stock072555
Additional paid in capital33,42829,75911,0226,4716,3956,047
Deferred compensation equity(187)(901)(148)   
Accumulated deficit(35,178)(29,282)(15,912)(11,049)(10,367)(9,970)
Stockholders' equity note, subscriptions receivable   (25) (4)(4)
Other undisclosed equity, attributable to parent 00    
Other undisclosed equity      
Total equity:(1,937)(417)(5,061)(4,573)(3,971)(3,922)
TOTAL LIABILITIES AND EQUITY:3651,670218160305

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues   11,6769173375
Revenue from related parties   91733
Cost of revenue(74)(44)(490)(556)(346)(63)
Financing interest expense(74)(44)(490)(556)(346)
Financial services costs(345)
Other undisclosed gross profit     346 
Gross profit:(74)(44)11,1863603311
Operating expenses(5,461)(11,041)(1,324)(2,079)(1,611)(1,337)
Other undisclosed operating income (loss)7444(11,186)556  
Operating loss:(5,461)(11,041)(1,324)(1,162)(1,578)(1,325)
Nonoperating income (expense)(20)(936)(4,496)801,180(1,393)
Interest and debt expense  238(1)(5)(5)(4)
Loss from continuing operations before equity method investments, income taxes:(5,481)(11,739)(5,821)(1,087)(402)(2,722)
Other undisclosed income (loss) from continuing operations before income taxes  (238)140554
Loss from continuing operations:(5,481)(11,977)(5,820)(682)(397)(2,718)
Loss before gain (loss) on sale of properties:(11,977)(4,863)(682)(397)(2,718)
Income from discontinued operations   957   
Net loss attributable to parent:(5,481)(11,977)(4,863)(682)(397)(2,718)
Preferred stock dividends and other adjustments(179) (35)(36)(41)(32)
Other undisclosed net loss available to common stockholders, basic(415)(1,576)    
Net loss available to common stockholders, diluted:(6,075)(13,553)(4,898)(718)(438)(2,750)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(5,481)(11,977)(4,863)(682)(397)(2,718)
Comprehensive loss, net of tax, attributable to parent:(5,481)(11,977)(4,863)(682)(397)(2,718)

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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