QS Energy, Inc.
For the period ended Jun 30, 2026. Filed Aug 14, 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.
Jun 30, 2026 · Filed Aug 14, 2026
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Condensed Consolidated Statement of Stockholders’ Deficit, Unaudited
For the three and SIX months Ended June 30, 2026
| Common Stock · Additional Paid-in · Accumulated · Total Stockholders’ | |||||
|---|---|---|---|---|---|
| Shares | Amount | Capital | Deficit | Deficit | |
| Balance, April 1, 2026 | 550,786,275 | $550,786 | $137,049,214 | $(143,386,000) | $(5,789,000) |
| Common stock issued on conversion of notes payable | 284,355 | 285 | 36,715 | – | 37,000 |
| Relative fair value of warrants issued with convertible notes | – | – | – | – | – |
| Common stock issued upon exercise of stock options and warrants | 9,118,559 | 9,119 | 837,881 | – | 847,000 |
| Common stock issued upon cashless exercise of warrants to settle vendor payables | 166,665 | 167 | 19,833 | – | 20,000 |
| Fair value of vested stock options and warrants | – | – | 993,000 | – | 993,000 |
| Fair value of vest stock options issued to officers and directors | – | – | 112,000 | – | 112,000 |
| Stock-based compensation expense – warrant modification | – | – | 25,000 | – | 25,000 |
| Fair value of common stock issued for services | 4,200,000 | 4,200 | 415,800 | – | 420,000 |
| Net loss | (2,163,000) | (2,163,000) | |||
| Balance, June 30, 2026 | 564,555,854 | $564,557 | $139,486,443 | $(145,549,000) | $(5,498,000) |
| 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 on conversion of notes payable | 2,733,513 | 2,734 | 220,266 | – | 223,000 |
| Relative fair value of warrants issued with convertible notes | – | – | – | – | – |
| Common stock issued upon exercise of stock options and warrants | 14,071,747 | 14,072 | 1,327,928 | – | 1,342,000 |
| Common stock issued upon cashless exercise of warrants to settle vendor payables | 199,998 | 200 | 24,800 | – | 25,000 |
| Fair value of vested stock options issued for services | – | – | 765,000 | – | 765,000 |
| Fair value of vested warrants issued for services | – | – | 463,000 | – | 463,000 |
| Fair value of vest stock options issued to officers and directors | – | – | 62,000 | – | 62,000 |
| Stock-based compensation expense – warrant modification | – | – | 25,000 | – | 25,000 |
| Fair value of common stock issued for services | 4,200,000 | 4,200 | 415,800 | – | 420,000 |
| Net loss | – | – | – | (2,944,000) | (2,944,000) |
| Balance, June 30, 2026 | 564,555,854 | $564,557 | $139,486,443 | $(145,549,000) | $(5,498,000) |
Condensed Consolidated Statement of Stockholders’ Deficit, Unaudited
For the THREE and six months Ended June 30, 2025
| Common Stock · Additional Paid-in · Accumulated · Total Stockholders’ | |||||
|---|---|---|---|---|---|
| Shares | Amount | Capital | Deficit | Deficit | |
| Balance, April 1, 2025 | 483,744,622 | $483,744 | $132,143,256 | $(136,974,000) | $(4,347,000) |
| Common stock issued on conversion of notes payable | 22,526,487 | 22,527 | 560,473 | – | 583,000 |
| Relative fair value of warrants issued with convertible notes | – | – | 632,000 | – | 632,000 |
| Common stock issued upon exercise of stock options and warrants | 12,327,405 | 12,328 | 498,672 | – | 511,000 |
| Common stock issued upon cashless exercise of warrants to settle vendor payables | 366,663 | 367 | 27,633 | – | 28,000 |
| Fair value of vested stock options and warrants | – | – | 91,000 | – | 91,000 |
| Stock-based compensation expense – warrant modification | – | – | 511,000 | – | 511,000 |
| Fair value of common stock issued for services | 250,000 | 250 | 47,750 | – | 48,000 |
| Fair value of common stock issued as compensation | – | – | – | – | – |
| Net loss | – | – | – | (2,139,000) | (2,139,000) |
| Balance, June 30, 2025 | 519,215,177 | $519,216 | $134,511,784 | $(139,113,000) | $(4,082,000) |
| 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 | 62,804,832 | 62,805 | 2,168,195 | – | 2,231,000 |
| 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 | 15,418,805 | 15,419 | 711,581 | – | 727,000 |
| Common stock issued upon cashless exercise of warrants to settle vendor payables | 2,016,660 | 2,017 | 96,983 | – | 99,000 |
| Fair value of vested stock options and warrants | – | – | 6,740,000 | – | 6,740,000 |
| 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 | – | – | – | (11,813,000) | (11,813,000) |
| Balance, June 30, 2025 | 519,215,177 | $519,216 | $134,511,784 | $(139,113,000) | $(4,082,000) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.