QS Energy, Inc.
For the period ended Sep 30, 2025. Filed Nov 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.
Sep 30, 2025 · Filed Nov 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 and NINE months Ended September 30, 2025
| Common Stock · Additional Paid-in · Accumulated · Total Stockholders’ | |||||
|---|---|---|---|---|---|
| Shares | Amount | Capital | Deficit | Deficit | |
| Balance, July 1, 2025 | 519,215,177 | $519,216 | $134,511,784 | $(139,113,000) | $(4,082,000) |
| Common stock issued upon conversion of convertible notes | 2,718,637 | 2,719 | 144,281 | – | 147,000 |
| Common stock issued upon exercise of stock options and warrants | 7,227,119 | 7,227 | 281,773 | – | 289,000 |
| Common stock issued upon cashless exercise of warrants to settle vendor payables | 33,333 | 33 | 4,967 | – | 5,000 |
| Fair value of vested stock options and warrants | – | – | 50,000 | – | 50,000 |
| Net loss | – | – | – | (1,964,000) | (1,964,000) |
| Balance, September 30, 2025 | 529,194,266 | $529,195 | $135,101,805 | $(141,077,000) | $(5,446,000) |
| 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 on conversion of notes payable | 65,523,469 | 65,524 | 2,312,476 | – | 2,378,000 |
| Relative fair value of warrants issued with convertible notes | – | – | 1,430,000 | – | 1,430,000 |
| Common stock issued upon exercise of stock options and warrants | 22,645,924 | 22,646 | 993,354 | – | 1,016,000 |
| Common stock issued upon cashless exercise of warrants to settle vendor payables | 2,049,993 | 2,050 | 101,950 | – | 104,000 |
| Fair value of vested stock options and warrants | – | – | 6,899,000 | – | 6,790,000 |
| Stock-based compensation expense – warrant modification | – | – | 511,000 | – | 511,000 |
| Fair value of common stock issued for services | 9,050,000 | 9,050 | 1,441,950 | – | 1,451,000 |
| Fair value of common stock issued as compensation | 1,500,000 | 1,500 | 238,500 | – | 240,000 |
| Net loss | – | – | – | (13,777,000) | (13,777,000) |
| Balance, September 30, 2025 | 529,194,266 | $529,195 | $135,101,805 | $(141,077,000) | $(5,446,000) |
Condensed Consolidated Statement of Stockholders’ Deficit, Unaudited
For the THREE and NINE months Ended September 30, 2024
| Common Stock · Additional Paid-in · Accumulated · Total Stockholders’ | |||||
|---|---|---|---|---|---|
| Shares | Amount | Capital | Deficit | Deficit | |
| Balance, July 1, 2024 | 402,081,800 | $402,082 | $120,203,918 | $(126,148,000) | $(5,542,000) |
| Common stock issued upon conversion of convertible notes | 8,516,409 | 8,516 | 89,484 | – | 98,000 |
| Warrants issued with convertible notes | – | – | 234,000 | – | 234,000 |
| Common stock issued for settlement of accounts payable | – | – | – | – | – |
| Fair value of warrants issued as compensation | – | – | 23,000 | – | 23,000 |
| Net loss | – | – | – | (365,000) | (365,000) |
| Balance, September 30, 2024 | 410,598,209 | $410,598 | $120,550,402 | $(126,513,000) | $(5,552,000) |
| 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 convertible notes | 15,578,409 | 15,578 | 209,422 | – | 225,000 |
| Warrants issued with convertible notes | – | – | 424,000 | – | 424,000 |
| Common stock issued for settlement of accounts payable | 433,329 | 433 | 17,567 | – | 18,000 |
| Fair value of warrants issued as compensation | – | – | 32,000 | – | 32,000 |
| Fair value of common stock issued for services | 2,000,000 | 2,000 | 138,000 | – | 140,000 |
| Net loss | – | – | – | (1,147,000) | (1,147,000) |
| Balance, September 30, 2024 | 410,598,209 | $410,598 | $120,550,402 | $(126,513,000) | $(5,552,000) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.