QUALITY INDUSTRIAL CORP. (WSFT) Financial Statements (2024 and earlier)

Company Profile

Business Address 315 MONTGOMERY STREET
SAN FRANCISCO, CA 94104
State of Incorp. NV
Fiscal Year End June 30
Industry (SIC) 359 - Miscellaneous Industrial And Commercial (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,3131624
Cash and cash equivalents1,3131624
Receivables1,794  
Inventory, net of allowances, customer advances and progress billings1,203  
Inventory1,203  
Deposits current assets   
Other current assets110,289  
Other undisclosed current assets(2,997)0188
Total current assets:111,60216212
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   
Property, plant and equipment   
Intangible assets, net (including goodwill)   
Goodwill   
Other noncurrent assets 89,090210 
Other undisclosed noncurrent assets   
Total noncurrent assets:89,090210 
TOTAL ASSETS:200,692226212
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:44,551207137
Accounts payable54  
Accrued liabilities883  
Other undisclosed accounts payable and accrued liabilities 43,615207137
Debt 358 
Due to related parties 3030
Other liabilities100,135  
Other undisclosed current liabilities   63
Total current liabilities:144,686595230
Noncurrent Liabilities
Long-term debt and lease obligation1,100  
Long-term debt, excluding current maturities1,100  
Liabilities, other than long-term debt, including:28,029  
Liability, pension and other postretirement and postemployment benefits 1,954  
Other liabilities28,029  
Operating lease, liability 13,697  
Other undisclosed liabilities, other than long-term debt(15,651)  
Other undisclosed noncurrent liabilities   
Total noncurrent liabilities:29,129  
Total liabilities:173,815595230
Equity
Equity, attributable to parent, including:3,235(369)(18)
Common stock10395105
Additional paid in capital12,17511,9047,232
Accumulated deficit(9,438)(12,763)(7,579)
Other undisclosed equity, attributable to parent395395223
Equity, attributable to noncontrolling interest 23,643  
Total equity:26,877(369)(18)
TOTAL LIABILITIES AND EQUITY:200,692226212

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Revenues65,604  
Cost of revenue(43,932)  
Other undisclosed gross profit   
Gross profit:21,672  
Operating expenses(11,471)(5,175)(1,943)
Other operating expense, net
(Other Expenses)
   
Other undisclosed operating income   
Operating income (loss):10,201(5,175)(1,943)
Nonoperating income263  
Other nonoperating income263  
Interest and debt expense3,840(4)(7)
Other undisclosed income from continuing operations before equity method investments, income taxes   
Income (loss) from continuing operations:14,304(5,179)(1,950)
Loss before gain (loss) on sale of properties:(5,179)(1,950)
Other undisclosed net loss   
Net income (loss):14,304(5,179)(1,950)
Other undisclosed net loss attributable to parent(7,531)(0) 
Net income (loss) available to common stockholders, basic:6,773(5,180)(1,950)
Dilutive securities, effect on basic earnings per share   
Net income (loss) available to common stockholders, diluted:6,773(5,180)(1,950)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Net income (loss):14,304(5,179)(1,950)
Comprehensive income (loss), net of tax, attributable to parent:14,304(5,179)(1,950)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: