QS Energy, Inc. (QSEP) Financial Statements (2023 and Earlier)

Company Profile

Business Address 3606 CHALLENGER WAY UNIT #1
CARSON CITY, NV 89706
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 3533 - Oil and Gas Field Machinery and Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2021
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 investments114524791,153204136349
Cash and cash equivalents114524791,153204136349
Other undisclosed current assets14469634382651
Total current assets:128985751,187242162400
Noncurrent Assets
Operating lease, right-of-use asset143  
Property, plant and equipment9162324461722
Other noncurrent assets  22276
Total noncurrent assets:152162526482428
TOTAL ASSETS:2801146001,213290186428
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,7261,491557658748251207
Accounts payable1,7261,4911,2551,073852805590
Accrued liabilities   55 5 
Interest and dividends payable  18412371232
Other undisclosed accounts payable and accrued liabilities  (882)(593)(175)(582)(385)
Debt1,6531,3351,050909533348222
Due to related parties 957 31135191
Other undisclosed current liabilities9687001,2551,128852810590
Total current liabilities:4,3473,6212,8692,6952,1641,5441,210
Noncurrent Liabilities
Long-term debt and lease obligation106      
Operating lease, liability106  
Other undisclosed noncurrent liabilities(106)      
Total noncurrent liabilities:106      
Total liabilities:4,4533,6212,8692,6952,1641,5441,210
Stockholders' equity
Stockholders' equity attributable to parent(4,173)(3,507)(2,269)(1,482)(1,874)(1,358)(782)
Common stock355323310256234199184
Additional paid in capital118,066117,374116,210111,430108,001103,717100,308
Accumulated deficit(122,594)(121,204)(118,789)(113,168)(110,109)(105,274)(101,274)
Total stockholders' equity:(4,173)(3,507)(2,269)(1,482)(1,874)(1,358)(782)
TOTAL LIABILITIES AND EQUITY:2801146001,213290186428

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues30   50  
Operating lease, lease income30  
Cost of revenue
(Cost of Goods and Services Sold)
    (45)(64)(53)
Gross profit:30   5(64)(53)
Operating expenses(1,187)(1,468)(2,159)(1,853)(2,938)(2,103)(2,915)
Other undisclosed operating loss(30)      
Operating loss:(1,187)(1,468)(2,159)(1,853)(2,933)(2,167)(2,968)
Nonoperating income
(Debt Instrument, Convertible, Beneficial Conversion Feature)
 329     
Interest and debt expense(233)(592)(2,571)(998)(1,704)(1,617)(747)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (92)1,6807901,5061,402223
Net loss:(1,420)(1,823)(3,050)(2,061)(3,131)(2,382)(3,493)
Other undisclosed net loss attributable to parent (592)(2,571)(998)(1,704)(1,618)(736)
Net loss available to common stockholders, basic:(1,420)(2,415)(5,621)(3,059)(4,835)(4,000)(4,229)
Interest on convertible debt     (21)(21)
Net loss available to common stockholders, diluted:(1,420)(2,415)(5,621)(3,059)(4,835)(4,021)(4,250)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(1,420)(1,823)(3,050)(2,061)(3,131)(2,382)(3,493)
Comprehensive loss, net of tax, attributable to parent:(1,420)(1,823)(3,050)(2,061)(3,131)(2,382)(3,493)

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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