Q2Earth, Inc. (QPWR) financial statements (2021 and earlier)
Company profile
| Business Address |
420 ROYAL PALM WAY PALM BEACH, FL 33480 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 2842 - Specialty Cleaning, Polishing, and Sanitation Preparations (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 3/31/2015 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 160 | 299 | 3 | 0 | |||
| Cash and cash equivalents | 160 | 299 | 3 | 0 | |||
| Prepaid expense | 6 | 9 | 22 | ||||
| Total current assets: | 160 | 305 | 12 | 23 | |||
| Noncurrent Assets | |||||||
| Property, plant and equipment | 0 | 1 | |||||
| Intangible assets, net (including goodwill) | 69 | ||||||
| Intangible assets, net (excluding goodwill) | 69 | ||||||
| Total noncurrent assets: | 0 | 1 | 69 | ||||
| Other undisclosed assets | 7 | ||||||
| TOTAL ASSETS: | 160 | 305 | 88 | 23 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities, including: | 166 | 111 | 798 | 101 | |||
| Accounts payable | 101 | ||||||
| Other undisclosed accounts payable and accrued liabilities | 166 | 111 | 798 | ||||
| Debt | 165 | 165 | 350 | ||||
| Derivative instruments and hedges, liabilities | 213 | ||||||
| Due to related parties | 108 | 87 | |||||
| Deferred revenue and credits | ✕ | ✕ | 10 | 310 | |||
| Contract with customer, liability | ✕ | 128 | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 507 | ||||||
| Total current liabilities: | 459 | 286 | 1,779 | 695 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 2,960 | 3,270 | 205 | ||||
| Long-term debt, excluding current maturities | 2,960 | 3,270 | 205 | ||||
| Other undisclosed noncurrent liabilities | (205) | ||||||
| Total noncurrent liabilities: | 2,960 | 3,270 | |||||
| Total liabilities: | 3,419 | 3,556 | 1,779 | 695 | |||
| Temporary equity, carrying amount | 713 | 671 | 514 | ||||
| Stockholders' equity | |||||||
| Stockholders' equity attributable to parent, including: | (3,971) | (3,922) | (2,204) | (672) | |||
| Common stock | 5 | 5 | 3 | 1 | |||
| Additional paid in capital | 6,395 | 6,047 | 4,660 | 5,578 | |||
| Accumulated deficit | (10,367) | (9,970) | (6,863) | (6,251) | |||
| Receivable from officers and directors for issuance of capital stock | (4) | ||||||
| Warrants and rights outstanding | 1,089 | ||||||
| Stockholders' equity note, subscriptions receivable | (4) | (4) | ✕ | ||||
| Other undisclosed stockholders' equity attributable to parent | (1,089) | ||||||
| Total stockholders' equity: | (3,971) | (3,922) | (2,204) | (672) | |||
| TOTAL LIABILITIES AND EQUITY: | 160 | 305 | 88 | 23 | |||
Income statement (P&L) ($ in thousands)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 3/31/2015 | ||
|---|---|---|---|---|---|---|
| Revenues | 33 | 75 | 40 | |||
| Revenue from related parties | 33 | ✕ | ✕ | ✕ | ||
| Financial services revenue | ✕ | ✕ | (32) | |||
| Cost of revenue | (346) | (63) | (7) | |||
| Financing interest expense | (346) | ✕ | ✕ | ✕ | ||
| Financial services costs | ✕ | ✕ | (345) | (227) | ||
| Other undisclosed gross profit | 346 | |||||
| Gross profit: | 33 | 11 | 33 | |||
| Operating expenses | (1,611) | (1,337) | (2,080) | (481) | ||
| Operating loss: | (1,578) | (1,325) | (2,047) | (481) | ||
| Nonoperating income (expense) | 1,180 | (1,393) | 550 | 694 | ||
| Investment income, nonoperating | 694 | |||||
| Interest and debt expense | (5) | (4) | (32) | (77) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (402) | (2,722) | (1,529) | 136 | ||
| Other undisclosed income from continuing operations before income taxes | 5 | 4 | ||||
| Income (loss) from continuing operations before income taxes: | (397) | (2,718) | (1,529) | 136 | ||
| Income tax benefit | 553 | |||||
| Net income (loss): | (397) | (2,718) | (1,529) | 689 | ||
| Other undisclosed net income (loss) attributable to parent | 32 | (1,275) | ||||
| Net loss attributable to parent: | (397) | (2,718) | (1,498) | (586) | ||
| Preferred stock dividends and other adjustments | (41) | (32) | (36) | |||
| Net loss available to common stockholders, diluted: | (438) | (2,750) | (1,534) | (586) | ||
Comprehensive Income ($ in thousands)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 3/31/2015 | ||
|---|---|---|---|---|---|---|
| Net income (loss): | (397) | (2,718) | (1,529) | 689 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (397) | (2,718) | (1,529) | 689 | ||
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.