QS Energy, Inc. (QSEP) Financial Statements (2024 and earlier)

Company Profile

Business Address 23902 FM 2978
TOMBALL, TX 77375
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)

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 investments133114524791,153204
Cash and cash equivalents133114524791,153204
Prepaid expense      
Other undisclosed current assets 191446963438
Total current assets:152128985751,187242
Noncurrent Assets
Operating lease, right-of-use asset  143  
Property, plant and equipment6916232446
Other noncurrent assets    222
Total noncurrent assets:615216252648
TOTAL ASSETS:1582801146001,213290
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,9621,7261,491557658748
Interest and dividends payable  18412371
Accounts payable1,9621,7261,4911,2551,073852
Accrued liabilities     55 
Other undisclosed accounts payable and accrued liabilities    (882)(593)(175)
Debt1,9401,6531,3351,050909533
Due to related parties  957 31
Other undisclosed current liabilities9469687001,2551,128852
Total current liabilities:4,8484,3473,6212,8692,6952,164
Noncurrent Liabilities
Long-term debt and lease obligation:  106    
Operating lease, liability  106  
Other undisclosed noncurrent liabilities  (106)    
Total noncurrent liabilities:  106    
Total liabilities:4,8484,4533,6212,8692,6952,164
Equity
Equity, attributable to parent(4,690)(4,173)(3,507)(2,269)(1,482)(1,874)
Common stock376355323310256234
Additional paid in capital119,076118,066117,374116,210111,430108,001
Accumulated deficit(124,142)(122,594)(121,204)(118,789)(113,168)(110,109)
Total equity:(4,690)(4,173)(3,507)(2,269)(1,482)(1,874)
TOTAL LIABILITIES AND EQUITY:1582801146001,213290

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues  30   50
Operating lease, lease income  30  
Cost of revenue
(Cost of Goods and Services Sold)
      (45)
Gross profit:  30   5
Operating expenses(1,251)(1,187)(1,468)(2,159)(1,853)(2,938)
Other undisclosed operating loss  (30)    
Operating loss:(1,251)(1,187)(1,468)(2,159)(1,853)(2,933)
Nonoperating income
(Debt Instrument, Convertible, Beneficial Conversion Feature)
   329   
Interest and debt expense(360)(233)(592)(2,571)(998)(1,704)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (92)1,6807901,506
Loss from continuing operations:(1,611)(1,420)(1,823)(3,050)(2,061)(3,131)
Loss before gain (loss) on sale of properties:(1,420)(1,823)(3,050)(2,061)(3,131)
Net loss:(1,611)(1,420)(1,823)(3,050)(2,061)(3,131)
Other undisclosed net income (loss) attributable to parent 63 (592)(2,571)(998)(1,704)
Net loss available to common stockholders, diluted:(1,548)(1,420)(2,415)(5,621)(3,059)(4,835)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(1,611)(1,420)(1,823)(3,050)(2,061)(3,131)
Comprehensive loss, net of tax, attributable to parent:(1,611)(1,420)(1,823)(3,050)(2,061)(3,131)

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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