Quantum Computing Inc. (QUBT) Financial Statements (2024 and earlier)

Company Profile

Business Address 5 MARINE VIEW PLZ, SUITE 214
HOBOKEN, NJ 07030
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) (USD)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,308,46616,738,65715,196,322101,1001,767,080
Cash and cash equivalents5,308,46616,738,65715,196,322101,1001,767,080
Receivables12,774    
Inventory, net of allowances, customer advances and progress billings     
Inventory     
Prepaid expense224,302482,99840,77321,54923,179
Other current assets42,105    
Total current assets:5,587,64717,221,65515,237,095122,6491,790,259
Noncurrent Assets
Operating lease, right-of-use asset 18,084  
Property, plant and equipment975,16941,34830,95625,5966,897
Intangible assets, net (including goodwill), including:     
Goodwill     
Intangible assets, net (excluding goodwill)     
Other undisclosed intangible assets, net (including goodwill)     
Other noncurrent assets 82,737,515    
Other undisclosed noncurrent assets     
Total noncurrent assets:83,712,68459,43230,95625,5966,897
Other undisclosed assets  3,109   
TOTAL ASSETS:89,300,33117,284,19615,268,051148,2451,797,156
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,431,868943,375474,836370,808143,602
Accounts payable871,887464,870366,706218,26154,018
Accrued liabilities3,559,981478,505108,130152,54789,584
Deferred revenue    
Debt535,684 218,3711,509,0003,070,500
Derivative instruments and hedges, liabilities 219,844117,454   
Other liabilities 3,385   
Due to related parties   100,000100,000
Other undisclosed current liabilities1,357,924    
Total current liabilities:6,545,3201,064,214693,2071,979,8083,314,102
Noncurrent Liabilities
Long-term debt and lease obligation 7,632,998    
Long-term debt, excluding current maturities 7,632,998    
Liabilities, other than long-term debt225,282    
Other liabilities 225,282    
Operating lease, liability    
Total noncurrent liabilities:7,858,280    
Other undisclosed liabilities  18,084 980,730 
Total liabilities:14,403,6001,082,298693,2072,960,5383,314,102
Equity
Equity, attributable to parent, including:74,896,73116,201,89814,574,844(2,812,293)(1,516,946)
Preferred stock150154   
Common stock5,5962,9162,797736472
Common stock, share subscribed but unissued, subscriptions receivable    (100,000) 
Additional paid in capital151,163,90967,396,61847,744,80317,002,29710,935,029
Accumulated deficit(119,987,781)(81,394,081)(53,495,235)(28,760,955)(20,379,867)
Other additional capital 957,673    
Stockholders' equity note, subscriptions receivable     (100,000)
Other undisclosed equity, attributable to parent42,757,18430,196,29120,322,4799,045,6298,027,420
Total equity:74,896,73116,201,89814,574,844(2,812,293)(1,516,946)
TOTAL LIABILITIES AND EQUITY:89,300,33117,284,19615,268,051148,2451,797,156

Income Statement (P&L) (USD)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues135,648 278,810 
Net investment income   278,810 
Cost of revenue(60,934)(161,250)(5,681,612)  
Financing interest expense(946,748)(161,250)(5,681,612)  
Gross profit:74,714(161,250)(5,681,585)8,810 
Operating expenses(36,654,056)(17,130,093)(17,343,007)(2,547,652)(5,798,953)
Other undisclosed operating income (loss)  161,2505,681,585(8,810) 
Operating loss:(36,579,342)(17,130,093)(17,343,007)(2,547,652)(5,798,953)
Nonoperating expense(2,014,358)(10,768,754)(7,391,273)(5,833,436)(4,708,140)
Interest and debt expense(225,282) (226,699)(4,887,726)(87,307)
Loss from continuing operations:(38,818,982)(27,898,847)(24,960,979)(13,268,814)(10,594,400)
Loss before gain (loss) on sale of properties:(27,898,847)(24,960,979)(13,268,814)(10,594,400)
Other undisclosed net income  1226,6994,887,72687,307
Net loss:(38,818,982)(27,898,846)(24,734,280)(8,381,088)(10,507,093)
Other undisclosed net income (loss) attributable to parent225,282(1)(1)  
Net loss available to common stockholders, diluted:(38,593,700)(27,898,847)(24,734,281)(8,381,088)(10,507,093)

Comprehensive Income (USD)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(38,818,982)(27,898,846)(24,734,280)(8,381,088)(10,507,093)
Comprehensive loss, net of tax, attributable to parent:(38,818,982)(27,898,846)(24,734,280)(8,381,088)(10,507,093)

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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