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)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
3/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 016029930
Cash and cash equivalents 016029930
Prepaid expense   6922
Other undisclosed current assets 8    
Total current assets: 81603051223
Noncurrent Assets
Property, plant and equipment  01  
Intangible assets, net (including goodwill)    69 
Intangible assets, net (excluding goodwill)    69 
Total noncurrent assets:  0169 
Other undisclosed assets    7 
TOTAL ASSETS: 81603058823
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 241166111798101
Accounts payable     101
Accrued liabilities 15    
Other undisclosed accounts payable and accrued liabilities 226166111798 
Debt 165165165350 
Derivative instruments and hedges, liabilities    213 
Due to related parties 789  10887
Deferred revenue and credits10310 
Contract with customer, liability128
Other undisclosed current liabilities 2,606   507
Total current liabilities: 3,8004592861,779695
Noncurrent Liabilities
Long-term debt and lease obligation 332,9603,270 205
Long-term debt, excluding current maturities 332,9603,270 205
Other undisclosed noncurrent liabilities     (205)
Total noncurrent liabilities: 332,9603,270  
Total liabilities: 3,8333,4193,5561,779695
Temporary equity, carrying amount 749713671514 
Stockholders' equity
Stockholders' equity attributable to parent, including: (4,573)(3,971)(3,922)(2,204)(672)
Common stock 55531
Additional paid in capital 6,4716,3956,0474,6605,578
Accumulated deficit (11,049)(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: (4,573)(3,971)(3,922)(2,204)(672)
TOTAL LIABILITIES AND EQUITY: 81603058823

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
3/31/2015
Revenues 917337540 
Revenue from related parties 91733
Financial services revenue (32) 
Cost of revenue (556)(346)(63)(7) 
Financing interest expense (556)(346)
Financial services costs(345)(227) 
Other undisclosed gross profit  346   
Gross profit: 360331133 
Operating expenses (2,079)(1,611)(1,337)(2,080)(481)
Other undisclosed operating income 556    
Operating loss: (1,162)(1,578)(1,325)(2,047)(481)
Nonoperating income (expense) 801,180(1,393)550694
Investment income, nonoperating     694
Interest and debt expense (5)(5)(4)(32)(77)
Income (loss) from continuing operations before equity method investments, income taxes: (1,087)(402)(2,722)(1,529)136
Other undisclosed income from continuing operations before income taxes 40554  
Income (loss) from continuing operations before income taxes: (682)(397)(2,718)(1,529)136
Income tax benefit     553
Net income (loss): (682)(397)(2,718)(1,529)689
Other undisclosed net income (loss) attributable to parent    32(1,275)
Net loss attributable to parent: (682)(397)(2,718)(1,498)(586)
Preferred stock dividends and other adjustments (36)(41)(32)(36) 
Net loss available to common stockholders, diluted: (718)(438)(2,750)(1,534)(586)

Comprehensive Income ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
3/31/2015
Net income (loss): (682)(397)(2,718)(1,529)689
Comprehensive income (loss), net of tax, attributable to parent: (682)(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.

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