Quantum Computing Inc. (QUBT) Financial Statements (2023 and earlier)

Company Profile

Business Address 215 DEPOT COURT SE, #215
LEESBURG, VA 20175
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16,73915,1961011,767
Cash and cash equivalents16,73915,1961011,767
Prepaid expense483412223
Total current assets:17,22215,2371231,790
Noncurrent Assets
Operating lease, right-of-use asset18  
Property, plant and equipment4131267
Total noncurrent assets:5931267
Other undisclosed assets3   
TOTAL ASSETS:17,28415,2681481,797
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities943475371144
Accounts payable46536721854
Accrued liabilities47910815390
Debt 2181,5093,071
Derivative instruments and hedges, liabilities117   
Due to related parties  100100
Other liabilities3   
Total current liabilities:1,0646931,9803,314
Noncurrent Liabilities
Other undisclosed liabilities18 981 
Total liabilities:1,0826932,9613,314
Stockholders' equity
Stockholders' equity attributable to parent, including:16,20214,575(2,812)(1,517)
Preferred stock0   
Common stock3310
Common stock, share subscribed but unissued, subscriptions receivable  (100) 
Additional paid in capital67,39747,74517,00210,935
Accumulated deficit(81,394)(53,495)(28,761)(20,380)
Stockholders' equity note, subscriptions receivable   (100)
Other undisclosed stockholders' equity attributable to parent30,19620,3229,0468,027
Total stockholders' equity:16,20214,575(2,812)(1,517)
TOTAL LIABILITIES AND EQUITY:17,28415,2681481,797

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues
(Net Investment Income)
 09 
Cost of revenue
(Financing Interest Expense)
(161)(5,682)  
Gross profit:(161)(5,682)9 
Operating expenses(17,130)(17,343)(2,548)(5,799)
Other undisclosed operating income (loss)1615,682(9) 
Operating loss:(17,130)(17,343)(2,548)(5,799)
Nonoperating expense(10,769)(7,391)(5,833)(4,708)
Interest and debt expense (227)(4,888)(87)
Loss before gain (loss) on sale of properties:(27,899)(24,961)(13,269)(10,594)
Other undisclosed net income02274,88887
Net loss:(27,899)(24,734)(8,381)(10,507)
Other undisclosed net loss attributable to parent(0)(0)  
Net loss available to common stockholders, diluted:(27,899)(24,734)(8,381)(10,507)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(27,899)(24,734)(8,381)(10,507)
Comprehensive loss, net of tax, attributable to parent:(27,899)(24,734)(8,381)(10,507)

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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