2023 Q3 Form 10-Q Financial Statement

#000182912623004734 Filed on July 17, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $167.0K
YoY Change
Cash & Equivalents $167.0K $100.1K
Short-Term Investments
Other Short-Term Assets $56.29K
YoY Change
Inventory
Prepaid Expenses
Receivables $0.00
Other Receivables $30.00K
Total Short-Term Assets $253.3K
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $969.7K
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.729M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $253.3K
Total Long-Term Assets $1.729M
Total Assets $1.982M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $588.1K
YoY Change
Accrued Expenses $118.3K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $442.4K
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.282M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $88.22K
YoY Change
Total Long-Term Liabilities $88.22K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $5.282M
Total Long-Term Liabilities $88.22K
Total Liabilities $5.370M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$13.12M
YoY Change
Common Stock $181.4K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$3.388M -$809.6K
YoY Change
Total Liabilities & Shareholders Equity $1.982M
YoY Change

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2

Facts In Submission

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<p id="xdx_801_eus-gaap--NatureOfOperations_zdPZkkZ7n6cb" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><b><span style="text-decoration: underline">NOTE 1 <span id="xdx_824_zsplaUuJo0Xk">NATURE OF BUSINESS</span></span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Quality Online Education Group Inc. (QOEG) is a leading E-learning company which provides comprehensive online lessons to students in different parts of the world. It locates in Toronto of Canada and has one wholly owned subsidiary company: Golden Bridge Human Resources Consulting Inc., an Ontario, Canada, based company provides tutoring services and courseware development services.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">We are the pioneer and leader of providing real-time online small group classes. We deliver quality education to students and noticeable results from our passionate teachers and teaching assistants. With our Artificial Intelligent system, we combined Education and Entertainment (Edu-tertainment) in part of the learning. It is our mission to develop confidence in our students so they can reach their goals with happiness and efficiency! The main business scope of the Group includes K12 English Online education services, courseware development and Education-technology platform development.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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<p id="xdx_84F_eus-gaap--UseOfEstimates_zZj868HtMj96" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_86C_z9INClUd8tRl">Use of Estimates</span>:</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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3581517 shares
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
5000000000 shares

Files In Submission

Name View Source Status
0001829126-23-004734-index-headers.html Edgar Link pending
0001829126-23-004734-index.html Edgar Link pending
0001829126-23-004734.txt Edgar Link pending
0001829126-23-004734-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
qoeg-20230531.xsd Edgar Link pending
qualityonline_10q.htm Edgar Link pending
qualityonline_ex31-1.htm Edgar Link pending
qualityonline_ex32-1.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R2.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
qoeg-20230531_cal.xml Edgar Link unprocessable
qoeg-20230531_def.xml Edgar Link unprocessable
qoeg-20230531_pre.xml Edgar Link unprocessable
qualityonline_10q_htm.xml Edgar Link completed
qoeg-20230531_lab.xml Edgar Link unprocessable