Quest Patent Research Corporation (QPRC) financial statements (2022 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)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 248537167166208332
Cash and cash equivalents 248537167166208332
Receivables 1,0331,850 35542
Other current assets 6172326
Total current assets: 1,2872,405169171266379
Noncurrent Assets
Intangible assets, net (including goodwill) 2,2012,7542,0462,4632,0572,319
Intangible assets, net (excluding goodwill) 2,2012,7542,0462,4632,0572,319
Total noncurrent assets: 2,2012,7542,0462,4632,0572,319
TOTAL ASSETS: 3,4885,1592,2152,6342,3232,698
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 2,8923,36333914712470
Accrued liabilities  1181188662233
Interest and dividends payable  467    
Other undisclosed accounts payable and accrued liabilities 2,8922,7782216261(163)
Debt 1,794716    
Derivative instruments and hedges, liabilities  59554090140 
Due to related parties 4,6734,4834,2933,5102,002163
Other undisclosed current liabilities 1383886626141,3941,233
Total current liabilities: 9,4979,5455,8344,3613,6591,465
Noncurrent Liabilities
Liabilities, other than long-term debt      587
Due to related parties      587
Other undisclosed noncurrent liabilities 8331,463920700 826
Total noncurrent liabilities: 8331,463920700 1,413
Total liabilities: 10,32911,0086,7545,0613,6592,878
Stockholders' equity
Stockholders' equity attributable to parent (6,842)(5,849)(4,541)(2,430)(1,339)(183)
Common stock 1111111199
Additional paid in capital 14,42814,10814,10814,10814,03314,233
Accumulated deficit (21,281)(19,969)(18,660)(16,549)(15,381)(14,425)
Stockholders' equity attributable to noncontrolling interest 002323
Total stockholders' equity: (6,842)(5,849)(4,539)(2,427)(1,337)(181)
TOTAL LIABILITIES AND EQUITY: 3,4885,1592,2152,6342,3232,698

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 5,4884,1437,0691,2321,264498
Cost of revenue
(Cost of Goods and Services Sold)
  (3,384)(6,072)(1)(2)(2)
Gross profit: 5,4887599971,2311,262496
Operating expenses (6,207)(4,613)(7,040)(1,777)(1,941)(772)
Other undisclosed operating income  3,3846,072122
Operating income (loss): (719)(469)29(546)(677)(274)
Nonoperating expense (528)(836)(1,101)(516)(279)(54)
Investment income, nonoperating 275(55)(450)   
Interest and debt expense (804)(808)(651)(566)(337)(52)
Other undisclosed income from continuing operations before equity method investments, income taxes    566  
Loss from continuing operations before equity method investments, income taxes: (2,052)(2,113)(1,723)(1,061)(1,293)(379)
Other undisclosed income from continuing operations before income taxes 804808651   
Loss from continuing operations before income taxes: (1,247)(1,305)(1,072)(1,061)(1,293)(379)
Income tax expense (65)(5)(1,040)(106)  
Loss before gain (loss) on sale of properties: (1,313)(1,310)(2,112)(1,167)(1,293)(379)
Other undisclosed net income     33752
Net loss: (1,313)(1,310)(2,112)(1,167)(956)(327)
Net income (loss) attributable to noncontrolling interest 021(1)0(1)
Net loss available to common stockholders, diluted: (1,313)(1,309)(2,110)(1,168)(956)(328)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss: (1,313)(1,310)(2,112)(1,167)(956)(327)
Comprehensive loss: (1,313)(1,310)(2,112)(1,167)(956)(327)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 021(1)0(1)
Comprehensive loss, net of tax, attributable to parent: (1,313)(1,309)(2,110)(1,168)(956)(328)

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.

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