Quest Patent Research Corporation (QPRC) financial statements (2021 and earlier)

Company profile

Business Address 411 THEODORE FREMD AVE.
RYE, NY 10580
State of Incorp.
Fiscal Year End December 31
SIC 519 - Miscellaneous Non-durable Goods (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 53716716620833292
Cash and cash equivalents 53716716620833292
Receivables 1,850 3554223
Other current assets 1723262
Total current assets: 2,405169171266379116
Noncurrent Assets
Intangible assets, net (including goodwill) 2,7542,0462,4632,0572,319 
Intangible assets, net (excluding goodwill) 2,7542,0462,4632,0572,319 
Total noncurrent assets: 2,7542,0462,4632,0572,319 
TOTAL ASSETS: 5,1592,2152,6342,3232,698116
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 3,3633391471247091
Accrued liabilities 1181188662233 
Interest and dividends payable 467    216
Other undisclosed accounts payable and accrued liabilities 2,7782216261(163)(125)
Debt 716     
Derivative instruments and hedges, liabilities 59554090140  
Due to related parties 4,4834,2933,5102,002163163
Other undisclosed current liabilities 3886626141,3941,233216
Total current liabilities: 9,5455,8344,3613,6591,465470
Noncurrent Liabilities
Liabilities, other than long-term debt     58725
Due to related parties     58725
Other undisclosed noncurrent liabilities 1,463920700 826(25)
Total noncurrent liabilities: 1,463920700 1,413 
Total liabilities: 11,0086,7545,0613,6592,878470
Stockholders' equity
Stockholders' equity attributable to parent (5,849)(4,541)(2,430)(1,339)(183)(356)
Common stock 111111997
Additional paid in capital 14,10814,10814,10814,03314,23313,734
Accumulated deficit (19,969)(18,660)(16,549)(15,381)(14,425)(14,097)
Stockholders' equity attributable to noncontrolling interest 023232
Total stockholders' equity: (5,849)(4,539)(2,427)(1,337)(181)(354)
TOTAL LIABILITIES AND EQUITY: 5,1592,2152,6342,3232,698116

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 4,1437,0691,2321,264498941
Cost of revenue
(Cost of Goods and Services Sold)
 (3,384)(6,072)(1)(2)(2)(369)
Gross profit: 7599971,2311,262496572
Operating expenses (4,613)(7,040)(1,777)(1,941)(772)(713)
Other undisclosed operating income 3,3846,072122 
Operating income (loss): (469)29(546)(677)(274)(141)
Nonoperating expense (836)(1,101)(516)(279)(54)(21)
Investment income, nonoperating (55)(450)    
Interest and debt expense (808)(651)(566)(337)(52)(20)
Other undisclosed income from continuing operations before equity method investments, income taxes   566   
Loss from continuing operations before equity method investments, income taxes: (2,113)(1,723)(1,061)(1,293)(379)(183)
Other undisclosed income from continuing operations before income taxes 808651    
Loss from continuing operations before income taxes: (1,305)(1,072)(1,061)(1,293)(379)(183)
Income tax expense (5)(1,040)(106)  (1)
Loss before gain (loss) on sale of properties: (1,310)(2,112)(1,167)(1,293)(379)(184)
Other undisclosed net income    3375221
Net loss: (1,310)(2,112)(1,167)(956)(327)(162)
Net income (loss) attributable to noncontrolling interest 21(1)0(1)1
Net loss available to common stockholders, diluted: (1,309)(2,110)(1,168)(956)(328)(162)

Comprehensive Income ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss: (1,310)(2,112)(1,167)(956)(327)(162)
Comprehensive loss: (1,310)(2,112)(1,167)(956)(327)(162)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 21(1)0(1)1
Comprehensive loss, net of tax, attributable to parent: (1,309)(2,110)(1,168)(956)(328)(162)

Statements sources

The financial statements are based on the company's filings with the 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: