2022 Q4 Form 10-Q Financial Statement

#000166357722000640 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $28.15M $21.94M $16.52M
YoY Change 57.61% 32.81% 24.26%
Cost Of Revenue $29.00M $20.62M $15.68M
YoY Change 63.86% 31.55% 19.13%
Gross Profit -$853.8K $1.315M $841.1K
YoY Change -631.19% 56.35% 532.32%
Gross Profit Margin -3.03% 5.99% 5.09%
Selling, General & Admin $1.252M $1.071M $957.2K
YoY Change 46.79% 11.85% -0.17%
% of Gross Profit 81.42% 113.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.90K $28.85K $24.50K
YoY Change 17.72% 17.76% 34.76%
% of Gross Profit 2.19% 2.91%
Operating Expenses $1.281M $1.256M $957.2K
YoY Change 50.18% 31.23% -0.17%
Operating Profit -$2.135M $58.81K -$116.1K
YoY Change 208.34% -150.64% -85.94%
Interest Expense -$2.658M -$3.690K -$6.800K
YoY Change 9894.7% -45.74% -103.72%
% of Operating Profit -6.27%
Other Income/Expense, Net $21.57K -$31.50K $11.73K
YoY Change -165.56% -368.55% 169.66%
Pretax Income -$5.083M $27.31K -$111.2K
YoY Change 575.99% -124.56% -88.54%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$4.992M -$68.86K -$199.0K
YoY Change 604.11% -65.39% -78.92%
Net Earnings / Revenue -17.74% -0.31% -1.2%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share -$0.03 $0.00 -$1.404K
COMMON SHARES
Basic Shares Outstanding 155.3M shares 151.5M shares 141.7M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.329M $1.295M $1.191M
YoY Change -60.14% 8.75% 83.96%
Cash & Equivalents $1.329M $1.295M $1.191M
Short-Term Investments
Other Short-Term Assets $47.60K $546.2K $182.2K
YoY Change 104.12% 199.84% 2229.28%
Inventory $26.12K $26.12K
Prepaid Expenses $545.6K $546.2K
Receivables $4.209M $3.923M $3.408M
Other Receivables $824.3K $351.1K $421.6K
Total Short-Term Assets $6.437M $6.141M $5.202M
YoY Change -1.98% 18.05% 75.24%
LONG-TERM ASSETS
Property, Plant & Equipment $401.0K $391.8K $352.7K
YoY Change -2.04% 11.07% -0.49%
Goodwill $5.172M $5.172M
YoY Change 236.35%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $440.1K $413.4K $435.9K
YoY Change -1.4% -5.15% -1.27%
Total Long-Term Assets $6.113M $6.077M $2.376M
YoY Change 145.19% 155.76% 0.87%
TOTAL ASSETS
Total Short-Term Assets $6.437M $6.141M $5.202M
Total Long-Term Assets $6.113M $6.077M $2.376M
Total Assets $12.55M $12.22M $7.578M
YoY Change 38.52% 61.22% 42.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.255M $1.913M $2.425M
YoY Change 52.9% -21.09% 34.49%
Accrued Expenses $30.83K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $94.34K $0.00 $0.00
YoY Change
Long-Term Debt Due $94.34K -$93.20K $1.197M
YoY Change -70.09% -107.79% -74.12%
Total Short-Term Liabilities $6.452M $2.770M $3.916M
YoY Change 173.03% -29.27% -50.68%
LONG-TERM LIABILITIES
Long-Term Debt $108.2K $101.6K $126.0K
YoY Change -9.34% -19.39% -53.59%
Other Long-Term Liabilities $154.2K $144.9K $152.8K
YoY Change -1.4% -5.16% -1.5%
Total Long-Term Liabilities $262.4K $246.5K $278.8K
YoY Change -4.84% -11.59% -34.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.452M $2.770M $3.916M
Total Long-Term Liabilities $262.4K $246.5K $278.8K
Total Liabilities $6.714M $3.016M $3.232M
YoY Change 154.44% -6.67% -57.29%
SHAREHOLDERS EQUITY
Retained Earnings -$24.50M -$19.51M
YoY Change 32.19%
Common Stock $161.6K $151.8K
YoY Change 9.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.760M $10.04M $4.347M
YoY Change
Total Liabilities & Shareholders Equity $12.55M $12.22M $7.578M
YoY Change 38.52% 61.22% 42.34%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$4.992M -$68.86K -$199.0K
YoY Change 604.11% -65.39% -78.92%
Depreciation, Depletion And Amortization $28.90K $28.85K $24.50K
YoY Change 17.72% 17.76% 34.76%
Cash From Operating Activities -$276.2K -$53.61K -$392.7K
YoY Change -58.54% -86.35% -1.89%
INVESTING ACTIVITIES
Capital Expenditures $25.58K -$39.27K -$33.78K
YoY Change -119.94% 16.25% 73.41%
Acquisitions
YoY Change
Other Investing Activities -$74.70K -$249.7K -$191.4K
YoY Change 1394.0% 30.44% 206.78%
Cash From Investing Activities -$100.3K -$289.0K -$225.2K
YoY Change -24.75% 28.31% 175.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 400.0K 0.000 -39.54K
YoY Change -86.38% -100.0% -111.56%
NET CHANGE
Cash From Operating Activities -276.2K -53.61K -392.7K
Cash From Investing Activities -100.3K -289.0K -225.2K
Cash From Financing Activities 400.0K 0.000 -39.54K
Net Change In Cash 23.55K -342.6K -657.4K
YoY Change -98.9% -47.89% 369.77%
FREE CASH FLOW
Cash From Operating Activities -$276.2K -$53.61K -$392.7K
Capital Expenditures $25.58K -$39.27K -$33.78K
Free Cash Flow -$301.7K -$14.34K -$358.9K
YoY Change -43.9% -96.0% -5.74%

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CY2021Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToNoncontrollingInterest
-3406 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToNoncontrollingInterest
2503 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToNoncontrollingInterest
-54398 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
26216 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-107812 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-785379 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-3057681 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
95638 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
89405 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
190911 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
43297 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-69422 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-197217 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-976290 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3100978 usd
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
151750426 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
141697141 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
150057315 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
133173421 shares
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
153930452 shares
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
141697141 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
150057315 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
133173421 shares
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
7416911 usd
CY2022Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1000000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
41139 usd
CY2022Q1 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
-196 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-554970 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
7902884 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
30490 usd
CY2022Q2 IQST Stock Issued During Period Value Acquisitions To Be Issued
StockIssuedDuringPeriodValueAcquisitionsToBeIssued
1550000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
325000 usd
CY2022Q2 IQST Common Stock Payable Value
CommonStockPayableValue
18900 usd
CY2022Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
500000 usd
CY2022Q2 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
-522 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-351180 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
9975572 usd
CY2022Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
20500 usd
CY2022Q3 IQST Common Stock Issued For Settlement Of Debt Value1
CommonStockIssuedForSettlementOfDebtValue1
80674 usd
CY2022Q3 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
32500 usd
CY2022Q3 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
-559 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-68863 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
10039824 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-1388575 usd
CY2021Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3586250 usd
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
564000 usd
CY2021Q1 IQST Common Stock Issued For Forbearance Of Debt Value
CommonStockIssuedForForbearanceOfDebtValue
49925 usd
CY2021Q1 IQST Common Stock Issued For Conversion Of Debt Value
CommonStockIssuedForConversionOfDebtValue
422295 usd
CY2021Q1 IQST Cancellation Of Common Stock Value
CancellationOfCommonStockValue
-90104 usd
CY2021Q1 IQST Resolution Of Derivative Liabilities Value
ResolutionOfDerivativeLiabilitiesValue
708611 usd
CY2021Q1 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
54905 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-1942391 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
2249616 usd
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
412200 usd
CY2021Q2 IQST Common Stock Issued For Settlement Of Debt Value1
CommonStockIssuedForSettlementOfDebtValue1
2056530 usd
CY2021Q2 us-gaap Debt Instrument Decrease Forgiveness
DebtInstrumentDecreaseForgiveness
807103 usd
CY2021Q2 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
-28899 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-987376 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
4509174 usd
CY2021Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
34538 usd
CY2021Q3 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
1737 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-198954 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
4346495 usd
us-gaap Profit Loss
ProfitLoss
-782876 usd
us-gaap Profit Loss
ProfitLoss
-3112079 usd
us-gaap Share Based Compensation
ShareBasedCompensation
111029 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1205334 usd
us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
26299 usd
us-gaap Financing Receivable Accrued Interest Writeoff
FinancingReceivableAccruedInterestWriteoff
7648 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
91221 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
66924 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
7407 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
435956 usd
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
-317080 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-528794 usd
IQST Prepayment And Default Penalty
PrepaymentAndDefaultPenalty
122020 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
832263 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
943615 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-26124 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
31714 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
108338 usd
us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
-5143 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-97373 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-239857 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
50636 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-131752 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1488901 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2486045 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
-1814132 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
-60000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
86491 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
74799 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
-27824 usd
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
1000 usd
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
215674 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
400 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
226 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1901223 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-378071 usd
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
400000 usd
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
232018 usd
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
331150 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
90787 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1100000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3586250 usd
IQST Proceeds From Issuance Of Common Stock Purchase Options
ProceedsFromIssuanceOfCommonStockPurchaseOptions
500000 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
250000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1367982 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3314313 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-17690 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-12709 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2039832 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
437488 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3334813 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
753316 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1294981 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1190804 usd
us-gaap Interest Paid Net
InterestPaidNet
3333 usd
us-gaap Interest Paid Net
InterestPaidNet
117198 usd
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
357500 usd
IQST Stock Issued During Period Value Acquisitions To Be Issued
StockIssuedDuringPeriodValueAcquisitionsToBeIssued
1550000 usd
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
422295 usd
us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
708611 usd
IQST Related Party Debt Forgiveness
RelatedPartyDebtForgiveness
807103 usd
IQST Common Stock Issued For Settlement Of Debt Value2
CommonStockIssuedForSettlementOfDebtValue2
80674 usd
IQST Common Stock Issued For Settlement Of Debt Value2
CommonStockIssuedForSettlementOfDebtValue2
2056530 usd
IQST Common Stock Issued For Forbearance Of Debt Value
CommonStockIssuedForForbearanceOfDebtValue
49925 usd
IQST Preferred Stock Issued For Conversion Of Common Stock
PreferredStockIssuedForConversionOfCommonStock
21000 usd
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2011-06-24
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84C_eus-gaap--UseOfEstimates_zNSu52Iyk4qj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white"><b><i>Use of Estimates</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
CY2021Q3 us-gaap Cost Of Revenue
CostOfRevenue
15675687 usd
CY2021Q3 us-gaap Gross Profit
GrossProfit
841052 usd
CY2021Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
957195 usd
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-116143 usd
CY2021Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
4925 usd
IQST Consideration Of Whisl
ConsiderationOfWhisl
<table cellpadding="0" cellspacing="0" id="xdx_884_ecustom--ConsiderationOfWhisl_zkOqysDfLtql" style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-left: auto; border-collapse: collapse; width: 40%; margin-right: auto" summary="xdx: Disclosure - NOTE 4 - ACQUISITIONS - Whisl Consideration (Details)"> <tr style="vertical-align: bottom"> <td> </td><td style="font: bold 10pt Times New Roman, Times, Serif"> </td> <td colspan="3" style="font: bold 10pt Times New Roman, Times, Serif; text-align: center">May 13,</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif">Fair Value of Consideration:</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2022</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 70%">Cash</td><td style="font: 10pt Times New Roman, Times, Serif; width: 10%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font: 10pt Times New Roman, Times, Serif; width: 18%; text-align: right"><span id="xdx_902_eus-gaap--BusinessAcquisitionCostOfAcquiredEntityTransactionCosts_iI_c20220513__us-gaap--BusinessAcquisitionAxis__custom--WhislTelecomLLCMember_ztCerIXCYsuh">1,000,000</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Payable to seller</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90B_eus-gaap--BusinessCombinationContingentConsiderationLiability_iI_c20220513__us-gaap--BusinessAcquisitionAxis__custom--WhislTelecomLLCMember_zTwB0c0YpS3b">250,000</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">1,461,653 shares of common stock</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--StockIssuedDuringPeriodValueAcquisitions_c20220101__20220930__us-gaap--BusinessAcquisitionAxis__custom--WhislTelecomLLCMember_zKaRk2jDGC6b">550,000</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">Total Purchase Price</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90D_eus-gaap--AcquisitionCostsCumulative_iI_c20220601__us-gaap--BusinessAcquisitionAxis__custom--SmartbizTelecomLLCMember_z9m9I3hV9lNb">1,800,000</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
CY2021Q3 us-gaap Profit Loss
ProfitLoss
-111218 usd
us-gaap Revenues
Revenues
65055661 usd
us-gaap Cost Of Revenue
CostOfRevenue
62410367 usd
us-gaap Gross Profit
GrossProfit
2645294 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3390097 usd
IQST Consideration Of Smartbiz
ConsiderationOfSmartbiz
<table cellpadding="0" cellspacing="0" id="xdx_88B_ecustom--ConsiderationOfSmartbiz_zxlA2rHqZGQ2" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 40%; margin-right: auto" summary="xdx: Disclosure - NOTE 4 - ACQUISITIONS - Smartbiz Consideration (Details)"> <tr style="vertical-align: bottom"> <td colspan="2" style="font-size: 11pt"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">June 1,</td></tr> <tr style="vertical-align: bottom"> <td colspan="2">Fair Value of Consideration:</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2022</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; width: 69%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cash</span></td><td style="text-align: left; width: 1%"> </td><td style="width: 10%"> </td> <td style="text-align: left; width: 1%">$</td><td style="text-align: right; width: 18%"><span id="xdx_906_eus-gaap--BusinessAcquisitionCostOfAcquiredEntityTransactionCosts_iI_c20220601__us-gaap--BusinessAcquisitionAxis__custom--SmartbizTelecomLLCMember_za6MyugLsig6">725,000</span></td><td style="text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Payable to seller</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eus-gaap--BusinessCombinationContingentConsiderationLiability_iI_c20220601__us-gaap--BusinessAcquisitionAxis__custom--SmartbizTelecomLLCMember_zG0yn0E0ccs8">75,000</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_900_eus-gaap--StockIssuedDuringPeriodSharesAcquisitions_c20220501__20220601__us-gaap--BusinessAcquisitionAxis__custom--SmartbizTelecomLLCMember_zE2MUqMeTR1l">2,850,330</span> shares of common stock </span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"> </td><td style="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_909_eus-gaap--StockIssuedDuringPeriodValueAcquisitions_c20220501__20220601__us-gaap--BusinessAcquisitionAxis__custom--SmartbizTelecomLLCMember_zdURwW9IafQ2">1,000,000</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total Purchase Price</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90D_eus-gaap--AcquisitionCostsCumulative_iI_c20220601__us-gaap--BusinessAcquisitionAxis__custom--SmartbizTelecomLLCMember_zmVBMLhmZlef">1,800,000</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
us-gaap Operating Income Loss
OperatingIncomeLoss
-744803 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-38073 usd
us-gaap Profit Loss
ProfitLoss
-782876 usd
us-gaap Revenues
Revenues
46842717 usd
us-gaap Cost Of Revenue
CostOfRevenue
45469730 usd
us-gaap Gross Profit
GrossProfit
1372987 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3664473 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-2291486 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
980103 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
985801 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
588341 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
576419 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
391762 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
409382 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
91221 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
66924 usd
CY2022Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
194794 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
442151 usd
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
194794 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
434745 usd
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
-93204 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
-315450 usd
CY2022Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
101590 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
119295 usd
us-gaap Debt Instrument Decrease Forgiveness
DebtInstrumentDecreaseForgiveness
807103 usd
CY2022Q3 us-gaap Loans Payable
LoansPayable
221637 usd
CY2021Q4 us-gaap Loans Payable
LoansPayable
239308 usd
CY2022Q3 us-gaap Loans Payable Current
LoansPayableCurrent
221637 usd
CY2021Q4 us-gaap Loans Payable Current
LoansPayableCurrent
239308 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-820593 usd
us-gaap Profit Loss
ProfitLoss
-3112079 usd
CY2022Q3 us-gaap Assets Current
AssetsCurrent
6141182 usd
CY2022Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
30825 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
61153 usd
CY2022Q3 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
75000 usd
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
8173 usd
CY2022Q3 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
89628 usd
CY2021Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
92229 usd
CY2022Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3708 usd
CY2022Q3 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
112309 usd
CY2021Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
105221 usd
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
203753 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
40273 usd
CY2022Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
515223 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
307049 usd
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2000000 shares
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1000000 usd
us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
180000 shares
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
92129 usd
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
151830378 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
151830378 shares
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
147477358 shares
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
147477358 shares
CY2022Q2 IQST Proceeds From Issuance Of Common Stock Purchase Options
ProceedsFromIssuanceOfCommonStockPurchaseOptions
500000 usd
CY2022Q3 us-gaap Assets Noncurrent
AssetsNoncurrent
6076938 usd
CY2022Q3 us-gaap Liabilities Current
LiabilitiesCurrent
2769981 usd
CY2022Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
246473 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
6566524 usd
CY2021Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
2493118 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2363015 usd
CY2021Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
275729 usd
CY2022Q3 us-gaap Due From Related Parties
DueFromRelatedParties
351139 usd
CY2021Q4 us-gaap Due From Related Parties
DueFromRelatedParties
424086 usd
IQST Repayments Of Related Party Debt2
RepaymentsOfRelatedPartyDebt2
0 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
90787 usd
CY2021Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
26613 usd
us-gaap Management Fee Expense
ManagementFeeExpense
405000 usd
us-gaap Management Fee Expense
ManagementFeeExpense
414000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
0 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
976200 usd
us-gaap Payments To Employees
PaymentsToEmployees
407602 usd
us-gaap Payments To Employees
PaymentsToEmployees
411300 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Share Based Liabilities Paid
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid
92130 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Share Based Liabilities Paid
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid
34538 usd
CY2022Q3 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P12M
us-gaap Operating Lease Expense
OperatingLeaseExpense
56405 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
32023 usd
CY2022Q3 us-gaap Revenues
Revenues
21936634 usd
CY2022Q3 us-gaap Cost Of Revenue
CostOfRevenue
20621674 usd
CY2022Q3 us-gaap Gross Profit
GrossProfit
1314960 usd
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1256147 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
58813 usd
CY2022Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-31501 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
27312 usd
CY2021Q3 us-gaap Revenues
Revenues
16516739 usd
CY2022Q4 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
3790597 shares

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