Qrons Inc. (QRON) Financial Statements (2024 and earlier)

Company Profile

Business Address 28-10 JACKSON AVENUE, #26N
LONG ISLAND CITY, NY 11101
State of Incorp. WY
Fiscal Year End December 31
Industry (SIC) 2836 - Biological Products, Except Diagnostic Substances (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,06935,06557,63267,025143,86257,767
Cash and cash equivalents3,06935,06557,63267,025143,86257,767
Prepaid expense    56,26551,98515,812
Total current assets:3,06935,06557,632123,290195,84773,579
Noncurrent Assets
Prepaid expense   25,00025,000  
Other undisclosed noncurrent assets   (25,000)(25,000)  
TOTAL ASSETS:3,06935,06557,632123,290195,84773,579
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:128,28590,97649,059140,96723,32414,141
Other undisclosed accounts payable and accrued liabilities128,28590,97649,059140,96723,32414,141
Debt308,247266,685168,636131,17125,0006,665
Derivative instruments and hedges, liabilities358,775405,957154,48589,36736,82731,090
Due to related parties15,23450,00050,00050,0003,4211,410
Other undisclosed current liabilities471,810324,192329,768219,907  
Total current liabilities:1,282,3511,137,810751,948631,41288,57253,306
Noncurrent Liabilities
Total liabilities:1,282,3511,137,810751,948631,41288,57253,306
Equity
Equity, attributable to parent(1,279,282)(1,102,745)(694,316)(508,122)107,27520,273
Preferred stock222222
Common stock1,3441,3291,3291,3091,2871,240
Additional paid in capital8,254,3167,697,3517,037,7966,561,0475,629,6941,611,711
Accumulated deficit(9,534,944)(8,801,427)(7,733,443)(7,070,480)(5,523,708)(1,592,680)
Total equity:(1,279,282)(1,102,745)(694,316)(508,122)107,27520,273
TOTAL LIABILITIES AND EQUITY:3,06935,06557,632123,290195,84773,579

Income Statement (P&L) (USD)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Cost of revenue
(Cost of Goods and Services Sold)
    (35,219)(33,781)(1,438)
Other undisclosed gross profit      
Gross profit:   (35,219)(33,781)(1,438)
Operating expenses(629,629)(801,952)(553,741)(1,516,432)(3,904,945)(1,403,145)
Other undisclosed operating income (loss)   35,21933,7811,438
Operating loss:(629,629)(801,952)(553,741)(1,516,432)(3,904,945)(1,403,145)
Nonoperating expense(103,888)(266,032)(109,222)(30,340)(26,083)(20,295)
Other nonoperating expense      
Interest and debt expense(135,654)(208,892)(52,019)(42,574)(20,346)(14,205)
Loss from continuing operations:(869,171)(1,276,876)(714,982)(1,589,346)(3,951,374)(1,437,645)
Loss before gain (loss) on sale of properties:(1,276,876)(714,982)(1,589,346)(3,951,374)(1,437,645)
Other undisclosed net loss      
Net loss:(869,171)(1,276,876)(714,982)(1,589,346)(3,951,374)(1,437,645)
Other undisclosed net income attributable to parent135,654208,89252,01942,57420,34614,205
Net loss available to common stockholders, basic:(733,517)(1,067,984)(662,963)(1,546,772)(3,931,028)(1,423,440)
Interest on convertible debt4,973     
Other undisclosed net income available to common stockholders, diluted      
Net loss available to common stockholders, diluted:(728,544)(1,067,984)(662,963)(1,546,772)(3,931,028)(1,423,440)

Comprehensive Income (USD)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(869,171)(1,276,876)(714,982)(1,589,346)(3,951,374)(1,437,645)
Comprehensive loss, net of tax, attributable to parent:(869,171)(1,276,876)(714,982)(1,589,346)(3,951,374)(1,437,645)

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.

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