$QDMI
QDM International Inc.

2022 Q4 Form 10-Q Financial Statement

#000173112222001975 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $24.06K $13.18K $18.61K
YoY Change -2.21% -29.17%
Cost Of Revenue $16.51K $13.18K $18.61K
YoY Change -32.89% -29.17%
Gross Profit $7.549K
YoY Change
Gross Profit Margin 31.38%
Selling, General & Admin $76.88K $74.82K $75.58K
YoY Change -12.38% -1.0% 156.2%
% of Gross Profit 1018.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.300K $2.090K $0.00
YoY Change
% of Gross Profit 30.47%
Operating Expenses $76.88K $74.82K $75.58K
YoY Change -12.38% -1.0% 156.2%
Operating Profit -$69.33K -$74.82K -$75.58K
YoY Change -20.99% -1.0%
Interest Expense -$210.00 -$190.00 -$60.00
YoY Change -129.58% 216.67%
% of Operating Profit
Other Income/Expense, Net $252.00 $1.557K -$64.00
YoY Change -2532.81%
Pretax Income -$69.07K -$73.27K -$75.64K
YoY Change -20.63% -3.14% 156.41%
Income Tax
% Of Pretax Income
Net Earnings -$69.07K -$73.27K -$75.64K
YoY Change -20.63% -3.14% 156.41%
Net Earnings / Revenue -287.13% -555.84% -406.45%
Basic Earnings Per Share -$0.33 -$0.35 -$0.36
Diluted Earnings Per Share -$0.33 -$0.35 -$364.4K
COMMON SHARES
Basic Shares Outstanding 210.0K shares 210.0K shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $121.1K $154.4K $29.24K
YoY Change -4.6% 427.98% 18175.0%
Cash & Equivalents $121.1K $154.4K $29.24K
Short-Term Investments
Other Short-Term Assets $102.3K $125.0K $21.93K
YoY Change 180.35% 469.86% 21.83%
Inventory
Prepaid Expenses $35.77K $60.97K
Receivables $12.76K $2.014K $5.560K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $236.2K $281.4K $56.72K
YoY Change 37.81% 396.06% 212.33%
LONG-TERM ASSETS
Property, Plant & Equipment $17.71K $20.00K
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $0.00
YoY Change
Total Long-Term Assets $102.8K $114.6K $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $236.2K $281.4K $56.72K
Total Long-Term Assets $102.8K $114.6K $0.00
Total Assets $339.0K $395.9K $56.72K
YoY Change 97.8% 598.05% 212.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.54K $7.440K $19.31K
YoY Change 73.63% -61.47%
Accrued Expenses $38.95K $38.48K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.002M $985.8K $526.3K
YoY Change 67.72% 87.32% 450.47%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.056M $1.032M $545.6K
YoY Change 74.24% 89.11% 470.67%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $44.41K $54.32K
YoY Change
Total Long-Term Liabilities $44.41K $54.32K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.056M $1.032M $545.6K
Total Long-Term Liabilities $44.41K $54.32K $0.00
Total Liabilities $1.101M $1.086M $545.6K
YoY Change 81.56% 99.07% 470.67%
SHAREHOLDERS EQUITY
Retained Earnings -$10.27M -$10.20M
YoY Change
Common Stock $624.00 $624.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $60.40K $60.40K
YoY Change
Treasury Stock Shares
Shareholders Equity -$761.7K -$690.1K -$488.8K
YoY Change
Total Liabilities & Shareholders Equity $339.0K $395.9K $56.72K
YoY Change 97.8% 598.05% 212.33%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$69.07K -$73.27K -$75.64K
YoY Change -20.63% -3.14% 156.41%
Depreciation, Depletion And Amortization $2.300K $2.090K $0.00
YoY Change
Cash From Operating Activities -$44.53K -$94.95K -$92.33K
YoY Change -17.31% 2.84% 113.48%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00 $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.48K 223.0K 91.18K
YoY Change -93.09% 144.62% 111.46%
NET CHANGE
Cash From Operating Activities -44.53K -94.95K -92.33K
Cash From Investing Activities 0.000 0.000 0.000
Cash From Financing Activities 10.48K 223.0K 91.18K
Net Change In Cash -34.05K 128.1K -1.150K
YoY Change -134.84% -11238.26% 784.62%
FREE CASH FLOW
Cash From Operating Activities -$44.53K -$94.95K -$92.33K
Capital Expenditures $0.00 $0.00
Free Cash Flow -$44.53K -$94.95K
YoY Change

Facts In Submission

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ProceedsFromRepaymentsOfRelatedPartyDebt
-200500 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
200500 usd
QDMI Deferred Costs Related To Equity Financing
DeferredCostsRelatedToEquityFinancing
34003 usd
QDMI Deferred Costs Related To Equity Financing
DeferredCostsRelatedToEquityFinancing
23500 usd
us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
150000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
282843 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
187491 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-506 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
84722 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6363 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69658 usd
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
35605 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
154380 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29242 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_841_eus-gaap--UseOfEstimates_z2YhMevJ0sy4" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span id="xdx_864_zjwbGpYItx4f">Use of Estimates</span></i></b></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">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: 0; text-align: justify"/> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
CY2022Q3 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
7.8000 pure
CY2022Q1 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
7.8000 pure
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_849_eus-gaap--ConcentrationRiskCreditRisk_zHhEtyVVVSVl" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><i><span id="xdx_863_zHU8YnlH53g2">Certain Risks and Concentration</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 September 30, 2022, 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: 0; text-align: justify"> </p>
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 usd
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2022Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
64003 usd
CY2022Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
30000 usd
CY2021Q3 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
each 30
CY2022Q3 QDMI Additional Share Capital
AdditionalShareCapital
1170000 usd
CY2022Q3 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
985779 usd
CY2022Q1 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
818685 usd
CY2022Q3 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
0 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
21086 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
42172 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
35143 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
98400 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5596 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
92805 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
38481 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
54324 usd

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0001731122-22-001975.txt Edgar Link pending
0001731122-22-001975-xbrl.zip Edgar Link pending
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