$QDMI
QDM International Inc. Stock $qdmi

$qdmi Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-K Financial Statement

#000121390024057975 Filed on July 01, 2024

Income Statement

Concept	2024 Q3	2024 Q1	2024
Revenue	$1.021M	$919.4K	$6.366M
YoY Change	-12.29%		461.81%
Cost Of Revenue	$154.8K	$546.3K	$3.913M
YoY Change	-78.31%		445.9%
Gross Profit	$865.9K	$373.2K	$2.453M
YoY Change	92.38%		489.2%
Gross Profit Margin	84.83%	40.59%	38.54%
Selling, General & Admin	$273.8K	$174.0K	$652.8K
YoY Change	120.91%		74.49%
% of Gross Profit	31.62%	46.63%	26.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$10.80K	$10.76K	$35.62K
YoY Change	0.0%		341.14%
% of Gross Profit	1.25%	2.88%	1.45%
Operating Expenses	$273.8K	$174.0K	$652.8K
YoY Change	120.91%		74.49%
Operating Profit	$592.1K	$199.2K	$1.801M
YoY Change	81.53%		4161.41%
Interest Expense	-$2.300K	-$120.00	-$950.00
YoY Change	820.0%		-20.83%
% of Operating Profit	-0.39%	-0.06%	-0.05%
Other Income/Expense, Net	$16.14K	$5.100K	$73.01K
YoY Change	626.8%		3078.32%
Pretax Income	$608.2K	$204.2K	$1.874M
YoY Change	85.22%		4105.57%
Income Tax	$119.5K	$43.02K	$309.0K
% Of Pretax Income	19.65%	21.07%	16.49%
Net Earnings	$488.7K	$161.2K	$1.565M
YoY Change	81.94%		3411.87%
Net Earnings / Revenue	47.88%	17.53%	24.58%
Basic Earnings Per Share	$0.00		$0.01
Diluted Earnings Per Share	$0.00	$0.00	$0.01
COMMON SHARES
Basic Shares Outstanding	291.6M shares	29.16M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2024 Q3	2024 Q1	2024
SHORT-TERM ASSETS
Cash & Short-Term Investments	$6.299M	$5.158M	$5.158M
YoY Change	15.08%		89.8%
Cash & Equivalents	$6.299M	$5.158M	$5.158M
Short-Term Investments
Other Short-Term Assets	$269.2K	$103.4K	$103.4K
YoY Change	1328.72%		448.25%
Inventory
Prepaid Expenses	$231.7K	$103.4K
Receivables	$227.3K	$183.6K	$183.6K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$6.795M	$5.445M	$5.445M
YoY Change	20.81%	79.8%	79.8%
LONG-TERM ASSETS
Property, Plant & Equipment	$54.03K	$75.33K	$271.5K
YoY Change	-44.08%	312.62%	189.38%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$59.58K	$59.58K	$59.58K
YoY Change	-30.98%		114.94%
Total Long-Term Assets	$253.9K	$331.1K	$331.1K
YoY Change	-41.3%	172.4%	172.4%
TOTAL ASSETS
Total Short-Term Assets	$6.795M	$5.445M	$5.445M
Total Long-Term Assets	$253.9K	$331.1K	$331.1K
Total Assets	$7.049M	$5.776M	$5.776M
YoY Change	16.37%	83.37%	83.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$624.8K	$566.8K	$566.8K
YoY Change	-55.31%		154.45%
Accrued Expenses	$82.17K	$109.6K	$109.6K
YoY Change	-26.52%		272.78%
Deferred Revenue
YoY Change
Short-Term Debt	$1.412M	$1.283M	$1.283M
YoY Change	21.0%		22.55%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$2.634M	$2.269M	$2.269M
YoY Change	-9.07%	74.61%	74.61%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$49.13K	$89.73K	$89.73K
YoY Change	-65.45%		102.05%
Total Long-Term Liabilities	$49.13K	$89.73K	$89.73K
YoY Change	-65.45%		102.05%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.634M	$2.269M	$2.269M
Total Long-Term Liabilities	$49.13K	$89.73K	$89.73K
Total Liabilities	$2.683M	$2.358M	$2.358M
YoY Change	-11.71%	75.52%	75.52%
SHAREHOLDERS EQUITY
Retained Earnings	-$7.478M	-$8.426M
YoY Change	-14.82%	-15.66%
Common Stock	$3.519K	$3.519K
YoY Change	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$60.40K	$60.40K
YoY Change	0.0%	0.0%
Treasury Stock Shares
Shareholders Equity	$4.366M	$3.418M	$3.418M
YoY Change
Total Liabilities & Shareholders Equity	$7.049M	$5.776M	$5.776M
YoY Change	16.37%	83.37%	83.37%

Cashflow Statement

Concept	2024 Q3	2024 Q1	2024
OPERATING ACTIVITIES
Net Income	$488.7K	$161.2K	$1.565M
YoY Change	81.94%		3411.87%
Depreciation, Depletion And Amortization	$10.80K	$10.76K	$35.62K
YoY Change	0.0%		341.14%
Cash From Operating Activities	$853.7K	-$1.230M	$2.208M
YoY Change	3.2%		18591.59%
INVESTING ACTIVITIES
Capital Expenditures		$0.00	$92.69K
YoY Change			429.58%
Acquisitions
YoY Change
Other Investing Activities		$0.00	-$7.550K
YoY Change
Cash From Investing Activities		$0.00	-$100.2K
YoY Change			472.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$0.00
YoY Change			-100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	0.000	65.33K	$332.9K
YoY Change	-100.0%		-87.45%
NET CHANGE
Cash From Operating Activities	853.7K	-1.230M	$2.208M
Cash From Investing Activities		0.000	-$100.2K
Cash From Financing Activities	0.000	65.33K	$332.9K
Net Change In Cash	853.7K	-1.165M	$2.440M
YoY Change	-0.31%		-7.84%
FREE CASH FLOW
Cash From Operating Activities	$853.7K	-$1.230M	$2.208M
Capital Expenditures		$0.00	$92.69K
Free Cash Flow		-$1.230M	$2.115M
YoY Change			-37276.52%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
CY2024	dei	Entity Registrant Name EntityRegistrantName	QDM International Inc.
CY2024Q1	us-gaap	Stockholders Equity Note Subscriptions Receivable StockholdersEquityNoteSubscriptionsReceivable		usd
CY2024Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax		usd
CY2023	us-gaap	Gain Or Loss On Sale Of Stock In Subsidiary GainOrLossOnSaleOfStockInSubsidiary		usd
CY2024	dei	Document Type DocumentType	10-K
CY2024	dei	Document Annual Report DocumentAnnualReport	true
CY2024	dei	Document Period End Date DocumentPeriodEndDate	2024-03-31
CY2024	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--03-31
CY2024	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
CY2024	dei	Document Transition Report DocumentTransitionReport	false
CY2024	dei	Entity File Number EntityFileNumber	000-27251
CY2024	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	FL
CY2024	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	59-3564984
CY2024	dei	Entity Address Address Line1 EntityAddressAddressLine1	Room 1030B
CY2024	dei	Entity Address Address Line2 EntityAddressAddressLine2	10/F, Ocean Centre, Harbour City
CY2024	dei	Entity Address Address Line3 EntityAddressAddressLine3	5 Canton Road
CY2024	dei	Entity Address City Or Town EntityAddressCityOrTown	Tsim Sha Tsui
CY2024	dei	Entity Address Country EntityAddressCountry	HK
CY2024	dei	City Area Code CityAreaCode	+ 852
CY2024	dei	Local Phone Number LocalPhoneNumber	34886893
CY2024	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2024	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2024	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2024	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2024	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2024	dei	Entity Small Business EntitySmallBusiness	true
CY2024	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2024	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	false
CY2024	dei	Document Fin Stmt Error Correction Flag DocumentFinStmtErrorCorrectionFlag	false
CY2024	dei	Entity Shell Company EntityShellCompany	false
CY2023Q3	dei	Entity Public Float EntityPublicFloat	54526325	usd
CY2024Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	291563930	shares
CY2024Q1	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024	dei	Auditor Firm AuditorFirmId	6413
CY2024	dei	Auditor Name AuditorName	ZH CPA, LLC
CY2024	dei	Auditor Location AuditorLocation	Denver, Colorado
CY2024Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	5158223	usd
CY2023Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2717745	usd
CY2024Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	183612	usd
CY2023Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	291900	usd
CY2024Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	103403	usd
CY2023Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	18856	usd
CY2024Q1	us-gaap	Assets Current AssetsCurrent	5445238	usd
CY2023Q1	us-gaap	Assets Current AssetsCurrent	3028501	usd
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	196141	usd
CY2023Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	75557	usd
CY2024Q1	us-gaap	Prepaid Expense Noncurrent PrepaidExpenseNoncurrent	59583	usd
CY2023Q1	us-gaap	Prepaid Expense Noncurrent PrepaidExpenseNoncurrent	27720	usd
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	75327	usd
CY2023Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	18256	usd
CY2024Q1	us-gaap	Assets Assets	5776289	usd
CY2023Q1	us-gaap	Assets Assets	3150034	usd
CY2024Q1	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	566780	usd
CY2023Q1	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	222753	usd
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	109556	usd
CY2023Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	29393	usd
CY2024Q1	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	309043	usd
CY2024Q1	us-gaap	Liabilities Current LiabilitiesCurrent	2268600	usd
CY2023Q1	us-gaap	Liabilities Current LiabilitiesCurrent	1299254	usd
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	89729	usd
CY2023Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	44406	usd
CY2024Q1	us-gaap	Liabilities Liabilities	2358329	usd
CY2023Q1	us-gaap	Liabilities Liabilities	1343660	usd
CY2024Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2023Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2024Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	30000000	shares
CY2023Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	30000000	shares
CY2024Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	545386	shares
CY2024Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	545386	shares
CY2023Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	545386	shares
CY2023Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	545386	shares
CY2024Q1	us-gaap	Preferred Stock Value PreferredStockValue	54	usd
CY2023Q1	us-gaap	Preferred Stock Value PreferredStockValue	54	usd
CY2024Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2023Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2024Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	700000000	shares
CY2023Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	700000000	shares
CY2024Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	291563930	shares
CY2023Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	291563930	shares
CY2024Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	291559200	shares
CY2023Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	291559200	shares
CY2024Q1	us-gaap	Common Stock Value CommonStockValue	3519	usd
CY2023Q1	us-gaap	Common Stock Value CommonStockValue	3519	usd
CY2023Q1	us-gaap	Stockholders Equity Note Subscriptions Receivable StockholdersEquityNoteSubscriptionsReceivable	48718	usd
CY2024Q1	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	473	shares
CY2023Q1	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	473	shares
CY2024Q1	us-gaap	Treasury Stock Value TreasuryStockValue	60395	usd
CY2023Q1	us-gaap	Treasury Stock Value TreasuryStockValue	60395	usd
CY2024Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	11901231	usd
CY2023Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	11901231	usd
CY2024Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-8426449	usd
CY2023Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-9990987	usd
CY2023Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	1670	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	3417960	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	1806374	usd
CY2024Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	5776289	usd
CY2023Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	3150034	usd
CY2024	us-gaap	Revenues Revenues	6366154	usd
CY2023	us-gaap	Revenues Revenues	1133146	usd
CY2024	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	3912743	usd
CY2023	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	716751	usd
CY2024	us-gaap	Gross Profit GrossProfit	2453411	usd
CY2023	us-gaap	Gross Profit GrossProfit	416395	usd
CY2024	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	652836	usd
CY2023	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	374142	usd
CY2024	us-gaap	Operating Expenses OperatingExpenses	652836	usd
CY2023	us-gaap	Operating Expenses OperatingExpenses	374142	usd
CY2024	us-gaap	Operating Income Loss OperatingIncomeLoss	1800575	usd
CY2023	us-gaap	Operating Income Loss OperatingIncomeLoss	42253	usd
CY2024	us-gaap	Financing Interest Expense FinancingInterestExpense	951	usd
CY2023	us-gaap	Financing Interest Expense FinancingInterestExpense	1195	usd
CY2024	us-gaap	Gain Or Loss On Sale Of Stock In Subsidiary GainOrLossOnSaleOfStockInSubsidiary	33165	usd
CY2024	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	40792	usd
CY2023	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	3492	usd
CY2024	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	73006	usd
CY2023	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	2297	usd
CY2024	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1873581	usd
CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	44550	usd
CY2024	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	309043	usd
CY2024	us-gaap	Net Income Loss NetIncomeLoss	1564538	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	44550	usd
CY2024	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-1670	usd
CY2023	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	337	usd
CY2024	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	1562868	usd
CY2023	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	44887	usd
CY2024	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.01
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.01
CY2024	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.01
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.01
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	-673972	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	44550	usd
CY2023	us-gaap	Stock Issued During Period Value Other StockIssuedDuringPeriodValueOther	150000	usd
CY2023	us-gaap	Temporary Equity Foreign Currency Translation Adjustments TemporaryEquityForeignCurrencyTranslationAdjustments	337	usd
CY2023	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	2339937	usd
CY2023	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	90478	usd
CY2023	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	36000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	1806374	usd
CY2024	us-gaap	Net Income Loss NetIncomeLoss	1564538	usd
CY2024	us-gaap	Temporary Equity Foreign Currency Translation Adjustments TemporaryEquityForeignCurrencyTranslationAdjustments	-1670	usd
CY2024	qdmi	Stock Issued During Period Value Offset With Due To Related Party Balance StockIssuedDuringPeriodValueOffsetWithDueToRelatedPartyBalance	48718	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	3417960	usd
CY2024	us-gaap	Net Income Loss NetIncomeLoss	1564538	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	44550	usd
CY2024	us-gaap	Depreciation Depreciation	35622	usd
CY2023	us-gaap	Depreciation Depreciation	8075	usd
CY2024	us-gaap	Gain Or Loss On Sale Of Stock In Subsidiary GainOrLossOnSaleOfStockInSubsidiary	33165	usd
CY2023	us-gaap	Share Based Compensation ShareBasedCompensation	36000	usd
CY2024	us-gaap	Noncash Contribution Expense NoncashContributionExpense	4900	usd
CY2024	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-108288	usd
CY2023	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	289426	usd
CY2024	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	84548	usd
CY2024	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	31862	usd
CY2024	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	344028	usd
CY2023	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	208374	usd
CY2024	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	309043	usd
CY2024	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	-8807	usd
CY2023	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	4240	usd
CY2024	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	2208037	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	11813	usd
CY2024	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	92693	usd
CY2023	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	17503	usd
CY2024	us-gaap	Payments To Acquire Additional Interest In Subsidiaries PaymentsToAcquireAdditionalInterestInSubsidiaries	7548	usd
CY2024	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-100241	usd
CY2023	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-17503	usd
CY2024	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	332886	usd
CY2023	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	223972	usd
CY2023	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	2339937	usd
CY2023	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	60478	usd
CY2023	us-gaap	Proceeds From Contributed Capital ProceedsFromContributedCapital	150000	usd
CY2024	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	332886	usd
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	2653431	usd
CY2024	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-204	usd
CY2023	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	346	usd
CY2024	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	2440478	usd
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	2648087	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2717745	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	69658	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	5158223	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2717745	usd
CY2024	qdmi	Noncash Offset Of Subscription Receivable With Due To Related Party Balance NoncashOffsetOfSubscriptionReceivableWithDueToRelatedPartyBalance	48718	usd
CY2024	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	220975	usd
CY2021Q4	us-gaap	Asset Acquisition Consideration Transferred AssetAcquisitionConsiderationTransferred	5000	eur
CY2021Q4	us-gaap	Asset Acquisition Consideration Transferred Transaction Cost AssetAcquisitionConsiderationTransferredTransactionCost	1	usd
CY2023Q4	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	33165	usd
CY2024	us-gaap	Use Of Estimates UseOfEstimates	<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Use of Estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of the Company’s consolidated financial statements in conformity with the U.S. GAAP requires the Company to make certain 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 reported amounts of revenues and expenses may be affected by the estimates that management is required to make. Actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Changes in facts and circumstances may cause the Company to revise its estimates. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. The following are some of the areas requiring significant judgments and estimates as of March 31, 2024 and March 31, 2023: discount rate used in calculation of right-of-use assets and lease liability, valuation assumptions in performing asset impairment tests of long-lived assets, etc. </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2024Q1	us-gaap	Foreign Currency Exchange Rate Translation1 ForeignCurrencyExchangeRateTranslation1	7.8	pure
CY2024	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Certain Risks and Concentration</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents and receivables, and other assets. As of March 31, 2024, substantially all of the Company’s cash and cash equivalents were held in major financial institutions located in Hong Kong, which management considers to being of high credit quality.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">During the year ended March 31, 2024, the largest customer accounted for 97% of the Company’s total revenue. During the year ended March 31, 2023, the largest customer accounted for 91% of the Company’s total revenue.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">During the year ended March 31, 2024, the three largest supplier (sub-broker) accounted for 52%, 27% and 15% of the Company’s total costs of sale respectively. During the year ended March 31, 2023, the largest supplier (sub-broker) accounted for 93% of the Company’s total costs of sale.</p>
CY2024	us-gaap	Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent	0.50	pure
CY2024	qdmi	Amount Of Maintain Paidup Share Capital AmountOfMaintainPaidupShareCapital	500000	hkd
	qdmi	Amount Of Maintain Paidup Share Capital AmountOfMaintainPaidupShareCapital	100000	hkd
CY2023Q4	us-gaap	Assets Net AssetsNet	300000	hkd
CY2023Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2023Q1	us-gaap	Shares Issued Price Per Share SharesIssuedPricePerShare	0.081
CY2023Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	2339937	usd
CY2023Q1	qdmi	Offering Cost OfferingCost	90478	usd
CY2023Q1	qdmi	Shares Granted SharesGranted	36000	shares
CY2023	us-gaap	Share Based Compensation ShareBasedCompensation	36000	usd
CY2022	qdmi	Stockholders Principal StockholdersPrincipal	25641	usd
CY2023Q3	us-gaap	Adjustments To Additional Paid In Capital Other AdjustmentsToAdditionalPaidInCapitalOther	1170000	hkd
CY2024Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	1283221	usd
CY2023Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	1047108	usd
CY2024	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1873581	usd
CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	44550	usd
CY2024	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21	pure
CY2023	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21	pure
CY2024	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	393452	usd
CY2023	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	9356	usd
CY2024	us-gaap	Income Tax Reconciliation Foreign Income Tax Rate Differential IncomeTaxReconciliationForeignIncomeTaxRateDifferential	-6727	usd
CY2023	us-gaap	Income Tax Reconciliation Foreign Income Tax Rate Differential IncomeTaxReconciliationForeignIncomeTaxRateDifferential	-32862	usd
CY2023	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	7560	usd
CY2024	qdmi	Income Tax Reconciliation Income Tax Expense Benefit At Loss Carried Forward IncomeTaxReconciliationIncomeTaxExpenseBenefitAtLossCarriedForward	-50107	usd
CY2023	qdmi	Income Tax Reconciliation Income Tax Expense Benefit At Loss Carried Forward IncomeTaxReconciliationIncomeTaxExpenseBenefitAtLossCarriedForward	37722	usd
CY2024	qdmi	Income Tax Reconciliation Income Tax Expense Benefit At Tax Loss Utilized IncomeTaxReconciliationIncomeTaxExpenseBenefitAtTaxLossUtilized	27575	usd
CY2023	qdmi	Income Tax Reconciliation Income Tax Expense Benefit At Tax Loss Utilized IncomeTaxReconciliationIncomeTaxExpenseBenefitAtTaxLossUtilized	21776	usd
CY2024	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	309043	usd
CY2024Q1	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	150241	usd
CY2023Q1	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	106555	usd
CY2024Q1	us-gaap	Lessee Operating Lease Renewal Term LesseeOperatingLeaseRenewalTerm	P3Y
CY2024	us-gaap	Operating Lease Expense OperatingLeaseExpense	121980	usd
CY2023	us-gaap	Operating Lease Expense OperatingLeaseExpense	42172	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	123888	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	88745	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	6441	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	219074	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	19789	usd
CY2024Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	199285	usd
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	109556	usd
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	89729	usd
CY2023Q1	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent		usd
CY2023	us-gaap	Gain Or Loss On Sale Of Stock In Subsidiary GainOrLossOnSaleOfStockInSubsidiary		usd
CY2024	us-gaap	Share Based Compensation ShareBasedCompensation		usd
CY2023	us-gaap	Noncash Contribution Expense NoncashContributionExpense		usd
CY2023	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense		usd
CY2023	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets		usd
CY2023	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable		usd
CY2023	us-gaap	Payments To Acquire Additional Interest In Subsidiaries PaymentsToAcquireAdditionalInterestInSubsidiaries		usd
CY2024	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock		usd
CY2024	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts		usd
CY2024	us-gaap	Proceeds From Contributed Capital ProceedsFromContributedCapital		usd
CY2023	qdmi	Noncash Offset Of Subscription Receivable With Due To Related Party Balance NoncashOffsetOfSubscriptionReceivableWithDueToRelatedPartyBalance		usd
CY2023	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability		usd
CY2024	us-gaap	Interest Paid Net InterestPaidNet		usd
CY2023	us-gaap	Interest Paid Net InterestPaidNet		usd
CY2024	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet		usd
CY2023	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet		usd
CY2024	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse		usd
CY2023	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse		usd
CY2024	qdmi	Amount Of Maintain Paidup Share Capital AmountOfMaintainPaidupShareCapital	64103	usd
	qdmi	Amount Of Maintain Paidup Share Capital AmountOfMaintainPaidupShareCapital	12821	usd
CY2023Q4	us-gaap	Assets Net AssetsNet	38462	usd
CY2024	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense		usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
CY2024	dei	Amendment Flag AmendmentFlag	false
CY2024	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2024	dei	Entity Central Index Key EntityCentralIndexKey	0001094032

Files In Submission

Name	View Source	Status
0001213900-24-057975-index-headers.html	Edgar Link	pending
0001213900-24-057975-index.html	Edgar Link	pending
0001213900-24-057975.txt	Edgar Link	pending
0001213900-24-057975-xbrl.zip	Edgar Link	pending
ea0208514-10k_qdminter.htm	Edgar Link	pending
ea020851401ex21-1_qdminter.htm	Edgar Link	pending
ea020851401ex31-1_qdminter.htm	Edgar Link	pending
ea020851401ex31-2_qdminter.htm	Edgar Link	pending
ea020851401ex32-1_qdminter.htm	Edgar Link	pending
ea020851401ex32-2_qdminter.htm	Edgar Link	pending
ea020851401ex4-1_qdminter.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
image_001.jpg	Edgar Link	pending
image_002.jpg	Edgar Link	pending
image_003.jpg	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
qdmi-20240331.xsd	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
qdmi-20240331_cal.xml	Edgar Link	unprocessable
ea0208514-10k_qdminter_htm.xml	Edgar Link	completed
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
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.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
qdmi-20240331_def.xml	Edgar Link	unprocessable
qdmi-20240331_lab.xml	Edgar Link	unprocessable
qdmi-20240331_pre.xml	Edgar Link	unprocessable

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$QDMI
QDM International Inc. Stock $qdmi

2024 Q3 Form 10-K Financial Statement

#000121390024057975 Filed on July 01, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$QDMI QDM International Inc. Stock $qdmi

2024 Q3 Form 10-K Financial Statement

#000121390024057975 Filed on July 01, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$QDMI
QDM International Inc. Stock $qdmi