Quantum Computing Inc. (QUBT) financial statements (2020 and earlier)

Company profile

Business Address 215 DEPOT COURT SE, #215
LEESBURG, VA 20175
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1011,767
Cash and cash equivalents1011,767
Prepaid expense2223
Total current assets:1231,790
Noncurrent Assets
Property, plant and equipment267
Total noncurrent assets:267
TOTAL ASSETS:1481,797
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities371144
Accounts payable21854
Accrued liabilities15390
Debt1,5093,071
Due to related parties100100
Total current liabilities:1,9803,314
Noncurrent Liabilities
Other undisclosed liabilities981 
Total liabilities:2,9613,314
Stockholders' equity
Stockholders' equity attributable to parent, including:(2,812)(1,517)
Common stock10
Common stock, share subscribed but unissued, subscriptions receivable(100) 
Additional paid in capital17,00210,935
Accumulated deficit(28,761)(20,380)
Stockholders' equity note, subscriptions receivable (100)
Other undisclosed stockholders' equity attributable to parent9,0468,027
Total stockholders' equity:(2,812)(1,517)
TOTAL LIABILITIES AND EQUITY:1481,797

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

12/31/2019
12/31/2018
Gross profit:9 
Operating expenses(2,548)(5,799)
Other undisclosed operating loss(9) 
Operating loss:(2,548)(5,799)
Nonoperating expense(5,833)(4,708)
Interest and debt expense(4,888)(87)
Loss before gain (loss) on sale of properties:(13,269)(10,594)
Other undisclosed net income4,88887
Net loss available to common stockholders, diluted:(8,381)(10,507)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
Net loss:(8,381)(10,507)
Comprehensive loss, net of tax, attributable to parent:(8,381)(10,507)

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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