QS Energy Inc
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
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.
Sep 30, 2024 · Filed Nov 14, 2024
QSEPStored price and day change unavailable
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
| September 30, 2024 (unaudited) | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash | $237,000 | $70,000 |
| Prepaid expenses | 12,000 | 12,000 |
| Total current assets | 249,000 | 82,000 |
| Property and equipment, net of accumulated depreciation of $101,000 and $99,000 at September 30, 2024 and December 31, 2023, respectively | 1,000 | 2,000 |
| Total assets | $250,000 | $84,000 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities: | ||
| Accounts payable-license agreements - past due | $2,374,000 | $2,198,000 |
| Accounts payable and accrued expenses | 952,000 | 972,000 |
| Convertible notes payable, net of discounts of $170,000 and $25,000, respectively; includes $2,287,000 and $2,022,000, respectively, in default | 2,438,000 | 2,101,000 |
| PPP loan payable | 38,000 | 57,000 |
| Total current liabilities | 5,802,000 | 5,328,000 |
| Total liabilities | 5,802,000 | 5,328,000 |
| Commitments and contingencies | – | |
| Stockholders’ deficit | ||
| Common stock, $0.001 par value: 500,000,000 shares authorized, 410,598,209 and 392,586,471 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively | 410,598 | 392,587 |
| Additional paid-in capital | 120,550,402 | 119,729,413 |
| Accumulated deficit | (126,513,000) | (125,366,000) |
| Total stockholders’ deficit | (5,552,000) | (5,244,000) |
| Total liabilities and stockholders’ deficit | $250,000 | $84,000 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.