QS Energy, Inc.
For the period ended Mar 31, 2026. Filed May 15, 2026.
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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.
Mar 31, 2026 · Filed May 15, 2026
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Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets, Unaudited
Condensed Consolidated Balance Sheets
| March 31, | December 31, | |
|---|---|---|
| 2026 | 2025 | |
| (unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash | $33,000 | $6,000 |
| Prepaid expenses | 47,000 | 49,000 |
| Total current assets | 80,000 | 55,000 |
| Total assets | $80,000 | $55,000 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities: | ||
| Accounts payable - license agreements - past due | $3,167,000 | $3,167,000 |
| Accounts payable and accrued expenses | 1,493,000 | 1,416,000 |
| Convertible notes payable, net of discounts of $0 and $16,000 respectively; includes $1,209,000 and $1,116,000, respectively, in default | 1,209,000 | 1,351,000 |
| Total current liabilities | 5,869,000 | 5,934,000 |
| Total liabilities | 5,869,000 | 5,934,000 |
| Commitments and contingencies | – | |
| Stockholders’ deficit | ||
| Common stock, $.001 par value: 750,000,000 shares authorized, 550,786,275 and 543,350,596 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively | 550,786 | 543,351 |
| Additional paid-in capital | 137,046,214 | 136,182,649 |
| Accumulated deficit | (143,386,000) | (142,605,000) |
| Total stockholders’ deficit | (5,789,000) | (5,879,000) |
| Total liabilities and stockholders’ deficit | $80,000 | $55,000 |
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