Q - Power REIT
For the period ended Jun 30, 2025. Filed Aug 5, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 5, 2025
PW$6.75+0.7%Stored close · as of Nov 6, 2026
Contents
Consolidated Statements of Operations for the three and six months ended June 30, 2025 and 2024
CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months Ended June 30, · Six Months Ended June 30, | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2025 · 2024 · 2025 · 2024 | ||||||||
| REVENUE | ||||||||
| Lease income from direct financing lease – railroad | $228,750 | $228,750 | $457,500 | $457,500 | ||||
| Rental income | 236,139 | 229,779 | 446,918 | 490,418 | ||||
| Other income | 41,894 | 60,820 | 88,159 | 106,043 | ||||
| TOTAL REVENUE | 506,783 | 519,349 | 992,577 | 1,053,961 | ||||
| EXPENSES | ||||||||
| Amortization of intangible assets | 56,872 | 56,872 | 113,744 | 113,744 | ||||
| General and administrative | 341,373 | 359,474 | 668,301 | 813,127 | ||||
| Property expenses | 109,185 | 378,850 | 528,600 | 763,745 | ||||
| Property taxes | 141,017 | 92,284 | 206,028 | 149,952 | ||||
| Depreciation expense | 20,283 | 183,410 | 22,985 | 671,607 | ||||
| Impairment expense | 13,600 | 17,449,424 | 13,600 | 17,998,981 | ||||
| Interest expense | 571,769 | 1,144,204 | 1,570,677 | 2,159,366 | ||||
| TOTAL EXPENSES | 1,254,099 | 19,664,518 | 3,123,935 | 22,670,522 | ||||
| OTHER INCOME (EXPENSE) | ||||||||
| Gain (Loss) on sale of properties | (7,628) | - | (7,628) | 394,394 | ||||
| Gain on extinguishment of debt | 1,092,670 | - | 1,092,670 | - | ||||
| Unrealized loss on marketable securities | (16,813) | - | (45,883) | - | ||||
| TOTAL OTHER INCOME | 1,068,229 | - | 1,039,159 | 394,394 | ||||
| NET INCOME (LOSS) | 320,913 | (19,145,169) | (1,092,199) | (21,222,167) | ||||
| Preferred Stock Dividends | (163,207) | (163,207) | (326,414) | (326,414) | ||||
| NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS | $157,706 | $(19,308,376) | $(1,418,613) | $(21,548,581) | ||||
| Income (Loss) Per Common Share: | ||||||||
| Basic | $0.05 | $(5.70) | $(0.42) | $(6.36) | ||||
| Diluted | 0.05 | (5.70) | (0.42) | (6.36) | ||||
| Weighted Average Number of Shares Outstanding: | ||||||||
| Basic | 3,389,661 | 3,389,661 | 3,389,661 | 3,389,661 | ||||
| Diluted | 3,389,661 | 3,389,661 | 3,389,661 | 3,389,661 | ||||
| Cash dividend per Series A Preferred Share: | $ | - | $ | - | $ | - | $ | - |
| Accumulated undeclared dividend per Series A Preferred Shares: | 0.48 | 0.48 | 0.97 | 0.97 | ||||
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