QS Energy Inc
For the period ended Jun 30, 2024. Filed Aug 9, 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.
Jun 30, 2024 · Filed Aug 9, 2024
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Condensed Consolidated Balance Sheets
| June 30, 2024 | December 31, | |
|---|---|---|
| (unaudited) | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash | $132,000 | $70,000 |
| Prepaid expenses | 12,000 | 12,000 |
| Total current assets | 144,000 | 82,000 |
| Property and equipment, net of accumulated depreciation of $101,000 and $99,000 at June 30, 2024 and December 31, 2023, respectively | 1,000 | 2,000 |
| Total assets | $145,000 | $84,000 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities: | ||
| Accounts payable-license agreements - past due | $2,315,000 | $2,198,000 |
| Accounts payable and accrued expenses | 1,032,000 | 972,000 |
| Convertible notes payable, net of discounts of $74,000 and $25,000, respectively; includes $2,200,000 and $2,022,000, respectively, past due | 2,302,000 | 2,101,000 |
| PPP loan payable | 38,000 | 57,000 |
| Total current liabilities | 5,687,000 | 5,328,000 |
| Total liabilities | 5,687,000 | 5,328,000 |
| Commitments and contingencies | – | – |
| Stockholders’ deficit | ||
| Common stock, $0.001 par value: 500,000,000 shares authorized, 402,081,800 and 392,586,471 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively | 402,082 | 392,587 |
| Additional paid-in capital | 120,203,918 | 119,729,413 |
| Accumulated deficit | (126,148,000) | (125,366,000) |
| Total stockholders’ deficit | (5,542,000) | (5,244,000) |
| Total liabilities and stockholders’ deficit | $145,000 | $84,000 |
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