2021 Form 10-K Financial Statement
#000166357722000244 Filed on April 15, 2022
Income Statement
Balance Sheet
| Concept | 2021 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $3.335M |
| YoY Change | 342.68% |
| Cash & Equivalents | $3.335M |
| Short-Term Investments | |
| Other Short-Term Assets | $23.32K |
| YoY Change | |
| Inventory | |
| Prepaid Expenses | |
| Receivables | $2.541M |
| Other Receivables | $667.9K |
| Total Short-Term Assets | $6.567M |
| YoY Change | 83.34% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $409.4K |
| YoY Change | 16.79% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | |
| YoY Change | |
| Other Assets | $446.4K |
| YoY Change | -2.96% |
| Total Long-Term Assets | $2.493M |
| YoY Change | 5.19% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $6.567M |
| Total Long-Term Assets | $2.493M |
| Total Assets | $9.060M |
| YoY Change | 52.22% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $1.475M |
| YoY Change | -46.13% |
| Accrued Expenses | $266.8K |
| YoY Change | 29.47% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | $554.8K |
| YoY Change | -84.76% |
| Total Short-Term Liabilities | $2.363M |
| YoY Change | -70.13% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $119.3K |
| YoY Change | -56.4% |
| Other Long-Term Liabilities | $156.4K |
| YoY Change | -2.97% |
| Total Long-Term Liabilities | $275.7K |
| YoY Change | -36.59% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $2.363M |
| Total Long-Term Liabilities | $275.7K |
| Total Liabilities | $1.643M |
| YoY Change | -77.62% |
| SHAREHOLDERS EQUITY | |
| Retained Earnings | |
| YoY Change | |
| Common Stock | |
| YoY Change | |
| Preferred Stock | |
| YoY Change | |
| Treasury Stock (at cost) | |
| YoY Change | |
| Treasury Stock Shares | |
| Shareholders Equity | $7.417M |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $9.060M |
| YoY Change | 52.22% |
Cashflow Statement
| Concept | 2021 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | -$3.838M |
| YoY Change | -41.62% |
| Depreciation, Depletion And Amortization | $91.47K |
| YoY Change | 33.34% |
| Cash From Operating Activities | -$3.152M |
| YoY Change | 48.96% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$230.9K |
| YoY Change | 156.02% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | -$280.5K |
| YoY Change | 27395.1% |
| Cash From Investing Activities | -$511.4K |
| YoY Change | 460.63% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | 6.251M |
| YoY Change | 134.76% |
| NET CHANGE | |
| Cash From Operating Activities | -3.152M |
| Cash From Investing Activities | -511.4K |
| Cash From Financing Activities | 6.251M |
| Net Change In Cash | 2.587M |
| YoY Change | 468.2% |
| FREE CASH FLOW | |
| Cash From Operating Activities | -$3.152M |
| Capital Expenditures | -$230.9K |
| Free Cash Flow | -$2.921M |
| YoY Change | 44.19% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | IQST |
Stock Issued During Period Value New Issues With Subscription
StockIssuedDuringPeriodValueNewIssuesWithSubscription
|
1000000 | USD |
| CY2021Q4 | us-gaap |
Convertible Subordinated Debt Current
ConvertibleSubordinatedDebtCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
|
USD | |
| CY2020 | IQST |
Preferred Stock Issued For Conversion Of Common Stock Value
PreferredStockIssuedForConversionOfCommonStockValue
|
USD | |
| CY2020 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
USD | |
| CY2020 | IQST |
Acquisition Of Iot Labs
AcquisitionOfIOTLabs
|
USD | |
| CY2021 | IQST |
Preferred Stock Issued For Conversion Of Common Stock Value
PreferredStockIssuedForConversionOfCommonStockValue
|
USD | |
| CY2020 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
USD | |
| CY2021 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
USD | |
| CY2021 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
USD | |
| CY2021 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2020 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2021 | IQST |
Derivative Liabilities Recognized As Debt Discount
DerivativeLiabilitiesRecognizedAsDebtDiscount
|
USD | |
| CY2020 | IQST |
Common Stock Payable Value
CommonStockPayableValue
|
USD | |
| CY2021 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
USD | |
| CY2020 | IQST |
Related Party Debt To Equity Swap Value
RelatedPartyDebtToEquitySwapValue
|
USD | |
| CY2021 | IQST |
Amount Owing For Acquisition Of Iot
AmountOwingForAcquisitionOfIOT
|
USD | |
| CY2021 | IQST |
Replacement Of Convertible Noites To Notes Payable
ReplacementOfConvertibleNoitesToNotesPayable
|
USD | |
| CY2020 | IQST |
Subscription Receivable
SubscriptionReceivable
|
USD | |
| CY2020Q4 | us-gaap |
Common Stock Share Subscribed But Unissued Subscriptions Receivable
CommonStockShareSubscribedButUnissuedSubscriptionsReceivable
|
USD | |
| CY2020Q4 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Long Term Loans Payable
LongTermLoansPayable
|
USD | |
| CY2020Q4 | us-gaap |
Long Term Loans Payable
LongTermLoansPayable
|
USD | |
| CY2021Q4 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
USD | |
| CY2021Q4 | us-gaap |
Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
|
USD | |
| CY2021Q4 | IQST |
Loans Payable Net Of Discount
LoansPayableNetOfDiscount
|
USD | |
| CY2021Q4 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
|
USD | |
| CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
shares | |
| CY2020Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
||
| CY2020Q4 | us-gaap |
Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
|
||
| CY2021 | us-gaap |
Dividends
Dividends
|
USD | |
| CY2020 | us-gaap |
Dividends
Dividends
|
USD | |
| CY2021Q4 | us-gaap |
Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
|
USD | |
| CY2021 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
USD |
