Quarta-Rad, Inc. (QURT) Financial Statements (2025 and earlier)

Company Profile

Business Address 1201 ORANGE ST.
WILMINGTON, DE 19801
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3823 - Industrial Instruments for Measurement, Display, and Control of Process Variables; and Related Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2024
MRQ
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 investments1254683871084287
Cash and cash equivalents732942601084287
Short-term investments52174127   
Receivables 8162654812884
Inventory, net of allowances, customer advances and progress billings3018687897585
Inventory3018687897585
Prepaid expense      18
Other undisclosed current assets7  383  
Total current assets:243715539629245274
Noncurrent Assets
Property, plant and equipment2234  
Long-term investments and receivables29     
Accounts and financing receivable, after allowance for credit loss29     
Other undisclosed noncurrent assets4103640   
Total noncurrent assets:44038434  
TOTAL ASSETS:683754582633245274
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:10583797712612
Taxes payable 71  
Other undisclosed accounts payable and accrued liabilities1058379712612
Deferred revenue  187   
Due to related parties134168167148150
Other undisclosed current liabilities184  71  
Total current liabilities:290405247315275162
Noncurrent Liabilities
Total liabilities:290405247315275162
Equity
Equity, attributable to parent394349335318(30)112
Common stock222222
Additional paid in capital3473473473376565
Retained earnings (accumulated deficit)451(14)(21)(97)45
Total equity:394349335318(30)112
TOTAL LIABILITIES AND EQUITY:683754582633245274

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

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues5081,1001,246858875908
Realized investment losses(4)(41)(40)   
Cost of revenue
(Cost of Goods and Services Sold)
    (645)(647)(675)
Other undisclosed gross profit(325)(704)(763)   
Gross profit:183397483213228234
Operating expenses(196)(259)(362)(188)(370)(332)
Other undisclosed operating loss      
Operating income (loss):(13)13712125(142)(98)
Nonoperating income47     
Gain, foreign currency transaction, before tax      
Other nonoperating income47     
Interest and debt expense   (0)   
Income (loss) from continuing operations before equity method investments, income taxes:3413712125(142)(98)
Other undisclosed income (loss) from continuing operations before income taxes23(119)(108)   
Income (loss) from continuing operations before income taxes:56181325(142)(98)
Income tax expense (benefit)(12)(4)(5)51 21
Income (loss) from continuing operations:4415775(142)(77)
Income (loss) before gain (loss) on sale of properties:775(142)(77)
Other undisclosed net income   113   
Net income (loss):441512175(142)(77)
Other undisclosed net loss attributable to parent   (113)  (21)
Net income (loss) available to common stockholders, diluted:4415775(142)(98)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):441512175(142)(77)
Comprehensive income (loss), net of tax, attributable to parent:441512175(142)(77)

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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