QS Energy, Inc.
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 31, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year ended | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from Operating Activities | ||
| Net loss | $(15,305,000) | $(1,934,000) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Fair value of vested options and warrants | 7,407,000 | 152,000 |
| Stock-based compensation expense – warrant modification | 511,000 | – |
| Fair value of common stock issued for services | 1,451,000 | 140,000 |
| Issuance of common stock as compensation | 240,000 | – |
| Amortization of debt discount | 204,000 | 98,000 |
| Accrued interest expense | 146,000 | 213,000 |
| Depreciation | 3,000 | 1,000 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | (38,000) | 1,000 |
| Accounts payable and accrued expenses | 639,000 | (73,000) |
| Accounts payable – license agreements | 734,000 | 235,000 |
| Operating lease liabilities | – | – |
| Net cash used in operating activities | (4,008,000) | (1,167,000) |
| Cash flows from investing activities | ||
| Purchase of property and equipment | – | (2,000) |
| Net cash used in investing activities | – | (2,000) |
| Cash flows from financing activities | ||
| Net proceeds from issuance of convertible notes and warrants | 2,285,000 | 1,230,000 |
| Net proceeds from exercise of warrants and options | 1,603,000 | 52,000 |
| Principal payment on PPP loan payable | (24,000) | (33,000) |
| Net cash provided by financing activities | 3,864,000 | 1,249,000 |
| Net increase (decrease) in cash | (144,000) | 80,000 |
| Cash, beginning of period | 150,000 | 70,000 |
| Cash, end of period | $6,000 | $150,000 |
| Supplemental disclosures of cash flow information | ||
| Cash paid during the year for: | ||
| Interest | $– | $– |
| Income Taxes | $1,600 | $1,600 |
| Non-cash investing and financing activities | ||
| Conversion of convertible notes to common stock, net | $3,803,000 | $1,034,000 |
| Common stock issued for settlement of accounts payable | $104,000 | $18,000 |
| Relative fair value of warrants associated with issued convertible notes | $1,430,000 | $782,000 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.