QS Energy, Inc.
For the period ended Mar 31, 2025. Filed May 14, 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.
Mar 31, 2025 · Filed May 14, 2025
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 Statement of Stockholders’ Deficit, Unaudited
For the Three months Ended MARCH 31, 2024 and 2025
| 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 on conversion of notes payable | 3,212,000 | 3,212 | 73,788 | – | 77,000 |
| Relative fair value of warrants issued with convertible notes | – | – | 85,000 | – | 85,000 |
| Common stock issued on 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) |
| Common Stock · Additional Paid-in · Accumulated · Total Stockholders’ | |||||
|---|---|---|---|---|---|
| Shares | Amount | Capital | Deficit | Deficit | |
| Balance, January 1, 2025 | 428,424,880 | $428,425 | $121,173,575 | $(127,300,000) | $(5,698,000) |
| Common stock issued upon conversion of notes payable | 40,278,345 | 40,278 | 1,607,722 | – | 1,648,000 |
| Relative fair value of warrants issued with convertible notes | – | – | 798,000 | – | 798,000 |
| Common stock issued on exercise of stock options and warrants | 3,091,400 | 3,091 | 212,909 | – | 216,000 |
| Common stock issued upon cashless exercise of warrants to settle vendor payables | 1,649,997 | 1,650 | 69,350 | – | 71,000 |
| Fair value of vested stock options and warrants | – | – | 6,649,000 | – | 6,649,000 |
| Fair value of common stock issued for services | 8,800,000 | 8,800 | 1,394,200 | – | 1,403,000 |
| Fair value of common stock issued as compensation | 1,500,000 | 1,500 | 238,500 | – | 240,000 |
| Net loss | – | – | – | (9,674,000) | (9,674,000) |
| Balance, March 31, 2025 | 483,744,622 | $483,744 | $132,143,256 | $(136,974,000) | $(4,347,000) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.