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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Condensed Consolidated Statement of Stockholders’ Deficit, Unaudited
For the Three months Ended MARCH 31, 2025 and 2026
| 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) |
| Common Stock · Additional Paid-in · Accumulated · Total Stockholders’ | |||||
|---|---|---|---|---|---|
| Shares | Amount | Capital | Deficit | Deficit | |
| Balance, January 1, 2026 | 543,350,596 | $543,351 | $136,182,649 | $(142,605,000) | $(5,879,000) |
| Common stock issued upon conversion of notes payable | 2,449,158 | 2,449 | 183,551 | – | 186,000 |
| Common stock issued on exercise of stock options and warrants | 4,953,188 | 4,953 | 490,047 | – | 495,000 |
| 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 | – | – | 135,000 | – | 135,000 |
| Fair value of vested stock options issued to officers and directors | – | – | 50,000 | – | 50,000 |
| Net loss | – | – | – | (781,000) | (781,000) |
| Balance, March 31, 2026 | 550,786,275 | $550,786 | $137,049,214 | $(143,386,000) | $(5,789,000) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.