Skip to main content
Midas Edge

Q/C TECHNOLOGIES, INC.

For the period ended Dec 31, 2024. Filed Apr 11, 2025.

View on SEC.gov

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Apr 11, 2025

QCLS$0.37+8.8%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Consolidated Statements of Changes in Shareholders’ Equity

Consolidated Statement of Changes in Stockholders’ Equity

For the Years Ended December 31, 2024 and 2023

Common Stock
Series F Convertible · Series F-1 Convertible · Series G Convertible · Series D Convertible · Common Stock · Additional
Preferred Stock · Preferred Stock · Preferred Stock · Preferred Stock · Par Value · Paid · Accumulated · Total
SharesSeries FSharesSeries F-1SharesSeries GSharesSeries DShares$0.001In CapitalDeficitEquity
Balance at December 31, 20236,633$404,071-$--$-72,992$144,5242,018,857$2,019$114,200,096$(101,977,067)$12,369,572
Net loss-----------(23,359,334)(23,359,334)
Issuance of common stock for vested restricted stock units--------9081(1)--
Issuance of common stock for services--------283,019283599,717-600,000
Issuance of 5,050 shares of Series F-1 Convertible Preferred Stock, net of discount and offering costs of $35,252--5,050----------
Issuance of 8,950 shares of Series G Convertible Preferred Stock, net of discount and offering costs of $48,559----8,950--------
Redemption of 1,195 shares of stock(1,195)(73,472)-----------
Accelerated Conversion of 1,251 shares of Series F Convertible Preferred Stock(1,227)(74,330)-----747,283747292,404-293,151
Accelerated Conversion of 303 shares of Series F-1 Convertible Preferred Stock--(303)----262,76826335,437-35,700
Conversion of 66 shares of Series G Convertible Preferred Stock----(66)--50,76851(51)--
Preferred Stock Dividends-----------(3,801,885)(3,801,885)
Reclass of warrant liability upon warrant modiffication for Series F Convertible Preferred Stock----------7,961,0007,961,000
Reclass of warrant liability upon warrant modiffication for Series F-1 Convertible Preferred Stock----------19,308,00019,308,000
Modification of Series F Convertible Preferred Stock-4,673,735--------(4,673,735)(4,673,735)
Stock based compensation - stock options----------1,057,271-1,057,271
Balance at December 31, 20244,211$4,930,0044,747$-8,884$-72,992$144,5243,363,603$3,364$138,780,138$(129,138,286)$9,789,740
Common Stock
Series F Convertible · Series F-1 Convertible · Series g Convertible · Series D Convertible · Common Stock · Additional
Preferred Stock · Preferred Stock · Preferred Stock · Preferred Stock · Par Value · Paid · Accumulated · Total
SharesSeries FSharesSeries F-1SharesSeries GSharesSeries DShares$0.001In CapitalDeficitEquity
Balance at December 31, 2022-$--$--$-72,992$144,5241,315,674$1,316$108,308,120$(93,758,904)$14,695,056
Net loss-----------(3,999,950)(3,999,950)
Round-up shares from the 1-for-30 reverse split effective February 23, 2024--------65,96066(66)--
Issuance of common stock for vested restricted stock units--------7,8618(8)--
Exercise of prepaid equity forward contract--------4,5054(4)--
Issuance of 15,000 shares of Series F Convertible Preferred Stock, net of discount and offering costs of $14,087,11115,000912,889-----------
Conversion of 4,937 shares of Series F Convertible Preferred Stock, July 1, 2023 through October 1, 2023, monthly installments of $1,429,871 paid with common stock(4,937)(291,880)------204,457205981,805-982,010
Redemption of 1,389 shares of Series F Convertible Preferred Stock, November 1, 2023 through December 1, 2023, monthy linstallments of $1,429,871 paid with cash and common stock(1,389)(89,635)-----------
Accelerated Conversion of 2,041 shares of Series F Convertible Preferred Stock(2,041)(127,303)------335,077335427,965-428,300
Deemed Dividend for the true-up of the August 1, 2023 installment for the Series F Convertible Preferred Stock paid with common stock--------29,04529766,474(766,503)-
Deemed Dividend for the true-up of the October 1, 2023 installment for the Series F Convertible Preferred Stock paid with common stock--------56,27856666,273(666,329)-
Preferred Stock Dividends-----------(2,785,381)(2,785,381)
Stock based compensation - stock options----------3,049,537-3,049,537
Balance at December 31, 20236,633$404,071-$--$-72,992$144,5242,018,857$2,019$114,200,096$(101,977,067)$12,369,572

The accompanying notes are an integral part of these consolidated financial statements

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.