QS Energy Inc
For the period ended Mar 31, 2024. Filed May 15, 2024.
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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.
Mar 31, 2024 · Filed May 15, 2024
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Condensed Consolidated Statement of Stockholders’ Deficit, Unaudited
For the Three months Ended MARCH 31, 2024 and 2023
| Common Stock · Additional Paid-in · Accumulated · Total Stockholders’ | |||||
|---|---|---|---|---|---|
| Shares | Amount | Capital | Deficit | Deficit | |
| Balance, January 1, 2023 | 376,074,096 | $376,075 | $119,075,925 | $(124,142,000) | $(4,690,000) |
| Common stock issued upon conversion of notes payable | 7,480,000 | 7,480 | 136,520 | – | 144,000 |
| Warrants issued with convertible notes | – | – | 47,000 | – | 47,000 |
| Common stock issued upon exercise of warrants | 983,330 | 983 | 38,017 | – | 39,000 |
| Fair value of warrants issued as compensation | – | – | 9,000 | – | 9,000 |
| Net loss | – | – | – | (334,000) | (334,000) |
| Balance, March 31, 2023 | 384,537,426 | $384,538 | $119,306,462 | $(124,476,000) | $(4,785,000) |
| Common Stock · Additional Paid-in · Accumulated · Total Stockholders’ | |||||
|---|---|---|---|---|---|
| Shares | Amount | Capital | Deficit | Deficit | |
| Balance, January 1, 2024 | 392,586,471 | $392,587 | $119,729,413 | $(125,366,000) | $(5,244,000) |
| Common stock issued upon conversion of notes payable | 3,212,000 | 3,212 | 73,788 | – | 77,000 |
| Warrants issued with convertible notes | – | – | 85,000 | – | 85,000 |
| Common stock issued upon exercise of warrants | 133,332 | 133 | 3,867 | – | 4,000 |
| Fair value of warrants issued as compensation | – | – | 5,000 | – | 5,000 |
| Fair value of common stock issued for services | 2,000,000 | 2,000 | 138,000 | – | 140,000 |
| Net loss | – | – | – | (449,000) | (449,000) |
| Balance, March 31, 2024 | 397,931,803 | $397,932 | $120,035,068 | $(125,815,000) | $(5,382,000) |
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