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)Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 10,381 | 6,743 | 11,513 | 16,739 | 10,433 | 12,625 | 13,766 | ||
| Cash and cash equivalents | 10,381 | 6,743 | 11,513 | 16,739 | 10,433 | 12,625 | 13,766 | ||
| Receivables | 95 | 87 | 1,284 | ||||||
| Prepaid expense | 319 | 421 | 453 | 483 | 591 | 210 | 292 | ||
| Total current assets: | 10,795 | 7,250 | 13,250 | 17,222 | 11,024 | 12,835 | 14,057 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,321 | 23 | 9 | 18 | 19 | 27 | |||
| Property, plant and equipment | 302 | 160 | 42 | 41 | 33 | 31 | 33 | ||
| Intangible assets, net (including goodwill) | 82,849 | 84,348 | |||||||
| Goodwill | 59,126 | 59,126 | |||||||
| Intangible assets, net (excluding goodwill) | 23,723 | 25,222 | |||||||
| Total noncurrent assets: | 84,472 | 84,531 | 50 | 59 | 52 | 58 | 33 | ||
| Other undisclosed assets | 57 | 98 | 3 | 3 | 3 | 3 | |||
| TOTAL ASSETS: | 95,324 | 91,880 | 13,303 | 17,284 | 11,079 | 12,896 | 14,090 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,562 | 1,053 | 805 | 943 | 756 | 773 | 382 | ||
| Accounts payable | 888 | 757 | 797 | 465 | 458 | 587 | 247 | ||
| Accrued liabilities | 674 | 296 | 8 | 479 | 299 | 185 | 135 | ||
| Debt | 536 | 218 | |||||||
| Derivative instruments and hedges, liabilities | 223 | 223 | 223 | 117 | |||||
| Other liabilities | 3 | ||||||||
| Total current liabilities: | 2,320 | 1,276 | 1,028 | 1,064 | 756 | 773 | 600 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 7,507 | ||||||||
| Long-term debt, excluding current maturities | 7,507 | ||||||||
| Liabilities, other than long-term debt | 11 | ||||||||
| Other liabilities | 11 | ||||||||
| Total noncurrent liabilities: | 7,518 | ||||||||
| Other undisclosed liabilities | 1,306 | 23 | 9 | 18 | 19 | 27 | |||
| Total liabilities: | 11,144 | 1,299 | 1,037 | 1,082 | 776 | 800 | 600 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 84,180 | 90,581 | 12,266 | 16,202 | 10,303 | 12,096 | 13,490 | ||
| Preferred stock | 0 | 0 | 0 | 0 | |||||
| Common stock | 3 | 3 | 3 | 3 | 3 | 3 | 3 | ||
| Additional paid in capital | 150,799 | 150,799 | 67,609 | 67,397 | 48,075 | 48,075 | 47,825 | ||
| Accumulated deficit | (101,202) | (93,632) | (88,528) | (81,394) | (65,774) | (60,996) | (56,887) | ||
| Other undisclosed stockholders' equity attributable to parent | 34,579 | 33,411 | 33,182 | 30,196 | 27,999 | 25,014 | 22,550 | ||
| Total stockholders' equity: | 84,180 | 90,581 | 12,266 | 16,202 | 10,303 | 12,096 | 13,490 | ||
| TOTAL LIABILITIES AND EQUITY: | 95,324 | 91,880 | 13,303 | 17,284 | 11,079 | 12,896 | 14,090 | ||
Income Statement (P&L) ($ in thousands) Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 38 | 65 | 31 | |||||
| Cost of revenue | (25) | (5) | (12) | |||||
| Financing interest expense | (213) | |||||||
| Gross profit: | 13 | 60 | 20 | |||||
| Operating expenses | (6,847) | (4,869) | (6,729) | (4,628) | (4,780) | (4,329) | (3,393) | |
| Operating loss: | (6,834) | (4,808) | (6,709) | (4,628) | (4,780) | (4,329) | (3,393) | |
| Nonoperating income (expense) | (735) | (296) | (425) | (10,992) | 2 | 220 | 1 | |
| Loss before gain (loss) on sale of properties: | (7,569) | (5,105) | (7,134) | (15,620) | (4,778) | (4,109) | (3,392) | |
| Other undisclosed net income | 0 | |||||||
| Net loss: | (7,569) | (5,105) | (7,134) | (15,620) | (4,778) | (4,109) | (3,392) | |
| Other undisclosed net loss attributable to parent | (0) | |||||||
| Net loss available to common stockholders, diluted: | (7,569) | (5,105) | (7,134) | (15,620) | (4,778) | (4,109) | (3,392) | |
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (7,569) | (5,105) | (7,134) | (15,620) | (4,778) | (4,109) | (3,392) | |
| Comprehensive loss, net of tax, attributable to parent: | (7,569) | (5,105) | (7,134) | (15,620) | (4,778) | (4,109) | (3,392) | |
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.