2024 Q3 Form 10-Q Financial Statement
#000121390024070699 Filed on August 19, 2024
Income Statement
Concept | 2024 Q3 | 2024 Q2 | 2023 Q4 |
---|---|---|---|
Revenue | $2.662M | $3.317M | $0.00 |
YoY Change | -87.97% | -84.64% | -100.0% |
Cost Of Revenue | $1.581M | $2.069M | $0.00 |
YoY Change | -88.81% | -84.86% | -100.0% |
Gross Profit | $1.081M | $1.248M | $0.00 |
YoY Change | -86.48% | -84.27% | -100.0% |
Gross Profit Margin | 40.6% | 37.64% | |
Selling, General & Admin | $825.4K | $2.704M | |
YoY Change | -68.36% | -34.42% | |
% of Gross Profit | 66.11% | ||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $19.69K | $37.56K | $0.00 |
YoY Change | -97.19% | -94.25% | -100.0% |
% of Gross Profit | 1.82% | 3.01% | |
Operating Expenses | $1.188M | $825.4K | $2.704M |
YoY Change | -76.29% | -75.21% | -34.42% |
Operating Profit | -$106.8K | $423.1K | -$2.704M |
YoY Change | -103.58% | -90.82% | -149.03% |
Interest Expense | -$78.74K | -$137.5K | |
YoY Change | -92.21% | -95.45% | |
% of Operating Profit | -18.61% | ||
Other Income/Expense, Net | -$140.8K | -$30.74K | -$1.320M |
YoY Change | -450.3% | -98.25% | -58.92% |
Pretax Income | $392.3K | -$4.162M | |
YoY Change | -86.25% | ||
Income Tax | $36.10K | $43.89K | |
% Of Pretax Income | 11.19% | ||
Net Earnings | -$469.1K | $130.3K | -$4.162M |
YoY Change | -125.23% | -95.43% | -262.21% |
Net Earnings / Revenue | -17.62% | 3.93% | |
Basic Earnings Per Share | $0.00 | $0.00 | |
Diluted Earnings Per Share | $0.00 | $0.00 | -$0.04 |
COMMON SHARES | |||
Basic Shares Outstanding | 134.8M shares | 128.0M shares | 126.9M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2024 Q3 | 2024 Q2 | 2023 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $101.2K | $2.490K | |
YoY Change | -96.85% | ||
Cash & Equivalents | $221.6K | $101.2K | $2.492K |
Short-Term Investments | |||
Other Short-Term Assets | $2.000M | $2.000M | $2.354M |
YoY Change | -72.54% | -59.54% | -97.87% |
Inventory | $1.112M | $1.104M | |
Prepaid Expenses | |||
Receivables | $2.347M | $2.112M | |
Other Receivables | $2.700M | $2.700M | |
Total Short-Term Assets | $6.347M | $5.870M | $2.357M |
YoY Change | -95.03% | -94.97% | -97.89% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $67.20K | $85.13K | |
YoY Change | -99.79% | -99.74% | |
Goodwill | $8.479M | $8.479M | |
YoY Change | -84.96% | -84.96% | |
Intangibles | |||
YoY Change | |||
Long-Term Investments | $0.00 | $6.500M | |
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $10.71M | $10.60M | $6.500M |
YoY Change | -87.91% | -88.02% | -92.7% |
TOTAL ASSETS | |||
Total Short-Term Assets | $6.347M | $5.870M | $2.357M |
Total Long-Term Assets | $10.71M | $10.60M | $6.500M |
Total Assets | $17.06M | $16.47M | $8.857M |
YoY Change | -92.11% | -91.97% | -95.59% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.125M | $894.3K | $166.6K |
YoY Change | -97.7% | -97.82% | -99.62% |
Accrued Expenses | $69.60K | $154.0K | |
YoY Change | -96.96% | -87.23% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $2.332M | $0.00 | |
YoY Change | -87.67% | ||
Long-Term Debt Due | $4.932M | ||
YoY Change | |||
Total Short-Term Liabilities | $10.12M | $8.638M | $5.782M |
YoY Change | -93.26% | -93.99% | -96.0% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $5.821M | $2.331M | |
YoY Change | -54.63% | ||
Other Long-Term Liabilities | $4.821M | $143.4K | |
YoY Change | 148.71% | -92.6% | |
Total Long-Term Liabilities | $4.984M | $5.964M | $2.331M |
YoY Change | -81.9% | -78.96% | -92.0% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $10.12M | $8.638M | $5.782M |
Total Long-Term Liabilities | $4.984M | $5.964M | $2.331M |
Total Liabilities | $15.11M | $14.60M | $8.113M |
YoY Change | -91.5% | -91.51% | -95.33% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$16.79M | -$16.30M | -$16.63M |
YoY Change | 191.37% | 118.6% | 76.22% |
Common Stock | $119.7K | $133.0K | $127.1K |
YoY Change | -5.7% | 16.08% | 23.57% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $1.289M | $743.5K | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $17.06M | $16.47M | $8.857M |
YoY Change | -92.11% | -91.97% | -95.59% |
Cashflow Statement
Concept | 2024 Q3 | 2024 Q2 | 2023 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$469.1K | $130.3K | -$4.162M |
YoY Change | -125.23% | -95.43% | -262.21% |
Depreciation, Depletion And Amortization | $19.69K | $37.56K | $0.00 |
YoY Change | -97.19% | -94.25% | -100.0% |
Cash From Operating Activities | -$1.356M | -$3.654M | |
YoY Change | -174.38% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $108.5K | -$5.500M | |
YoY Change | |||
Cash From Investing Activities | $111.6K | -$4.622M | |
YoY Change | -82.15% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 1.373M | 8.334M | |
YoY Change | -169.66% | ||
NET CHANGE | |||
Cash From Operating Activities | -1.356M | -3.654M | |
Cash From Investing Activities | 111.6K | -4.622M | |
Cash From Financing Activities | 1.373M | 8.334M | |
Net Change In Cash | 128.2K | 57.33K | |
YoY Change | -73.17% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.356M | -$3.654M | |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
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Cancellation Of Shares For Transfer Of Assets
CancellationOfSharesForTransferOfAssets
|
-48000 | usd |
CY2024Q2 | us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
-1166414 | usd |
CY2024Q2 | us-gaap |
Profit Loss
ProfitLoss
|
392332 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1872087 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-192939 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-84274 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-277213 | usd |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
722735 | usd |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
721000 | usd |
CY2023Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-1582221 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-415699 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
599022 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-1666495 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
17553 | usd | |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
17948 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
24722 | usd | |
us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
49625 | usd | |
us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
1432042 | usd | |
us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
48000 | usd | |
qind |
Gain On Accrued Interest Forgiven
GainOnAccruedInterestForgiven
|
379554 | usd | |
qind |
Change In Noncontrolling Interest
ChangeInNoncontrollingInterest
|
1162738 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-587661 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
347342 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-211717 | usd | |
us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
456 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-157306 | usd | |
us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
174201 | usd | |
us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
99390 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-16388 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-81993 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-482406 | usd | |
us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
111767 | usd | |
qind |
Advance To Parent
AdvanceToParent
|
-3263 | usd | |
qind |
Net Change In Noncurrent Assets And Liabilities
NetChangeInNoncurrentAssetsAndLiabilities
|
-470000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
108504 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
470000 | usd | |
us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
-154407 | usd | |
us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
11693 | usd | |
us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
459520 | usd | |
us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
232873 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
72240 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
11693 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
98751 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-713 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2492 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3136 | usd |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
101243 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2423 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
97520 | usd | |
us-gaap |
Noncash Or Part Noncash Acquisition Inventory Acquired1
NoncashOrPartNoncashAcquisitionInventoryAcquired1
|
10000000 | usd | |
qind |
Cancellation Of Debt And Investment
CancellationOfDebtAndInvestment
|
5000000 | usd | |
qind |
Issuance Of Related Party Receivable For Investment Cancellation
IssuanceOfRelatedPartyReceivableForInvestmentCancellation
|
1500000 | usd | |
us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
205363 | usd | |
qind |
Issuance Of Commitment Fee Shares And Debt Discounts
IssuanceOfCommitmentFeeSharesAndDebtDiscounts
|
24176 | usd | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Use of estimates</i></b></p><p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A critical accounting estimate is an estimate that: (i) is made in accordance with generally accepted accounting principles, (ii) involves a significant level of estimation uncertainty and (iii) has had or is reasonably likely to have a material impact on the Company’s financial condition or results of operations.</p><p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company’s consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (U.S. GAAP). The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and judgments that affect reported amounts and related disclosures. On an ongoing basis, management evaluates and updates its estimates. Management employs judgment in making its estimates but they are based on historical experience and currently available information and various other assumptions that the Company believes to be reasonable under the circumstances. The results of these estimates form the basis for making judgments about the carrying values of assets and liabilities that are not readily available from other sources. Actual results could differ from those estimates. Management believes that its judgment is applied consistently and produces financial information that fairly depicts the results of operations for all periods presented.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"> </p><p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Significant estimates include estimates used to review the Company’s, impairments and estimations of long-lived assets, revenue recognition of contract-based revenue, allowances for uncollectible accounts, and the valuations of non-cash capital stock issuances. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable in the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.</p> | ||
CY2024Q2 | us-gaap |
Depreciation
Depreciation
|
37555 | usd |
CY2023Q2 | us-gaap |
Depreciation
Depreciation
|
0 | usd |
us-gaap |
Depreciation
Depreciation
|
37555 | usd | |
us-gaap |
Depreciation
Depreciation
|
0 | usd | |
CY2024Q2 | qind |
Al Shola Gas Amount
AlSholaGasAmount
|
129412 | usd |
CY2023Q4 | qind |
Al Shola Gas Amount
AlSholaGasAmount
|
154261 | usd |
qind |
Charge For The Period
ChargeForThePeriod
|
82764 | usd | |
qind |
Settlement For The Period
SettlementForThePeriod
|
-107613 | usd | |
CY2024Q2 | qind |
Al Shola Gas Amount
AlSholaGasAmount
|
129412 | usd |
CY2024Q1 | qind |
Percentage Of Acquired
PercentageOfAcquired
|
0.51 | pure |
CY2024Q1 | qind |
Al Shola Gas Amount
AlSholaGasAmount
|
10000000 | usd |
CY2024Q2 | us-gaap |
Nonredeemable Noncontrolling Interest
NonredeemableNoncontrollingInterest
|
1461140 | usd |
qind |
Purchase Price
PurchasePrice
|
10000000 | usd | |
CY2024Q2 | us-gaap |
Goodwill
Goodwill
|
8479222 | usd |
CY2024Q2 | us-gaap |
Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
|
P4Y | |
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.5pt 0pt 0"><b><i>Reclassifications </i></b></p><p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0.5in">Certain reclassifications have been made to the December 31, 2023, balance sheet to conform to the June 30, 2024, presentation. These reclassifications had no impact on the net loss or loss per share as previously reported.</p> | ||
CY2024Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
101243 | usd |
CY2023Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2423 | usd |
CY2024Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
101243 | usd |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2492 | usd |
qind |
Working Capital
WorkingCapital
|
100000 | usd | |
CY2024Q2 | us-gaap |
Long Term Debt Term
LongTermDebtTerm
|
P1Y | |
qind |
Asset Purchase Agreement
AssetPurchaseAgreement
|
1500000 | usd | |
CY2024Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
|
500000 | shares |
CY2024Q2 | us-gaap |
Servicing Liability At Fair Value Amount
ServicingLiabilityAtFairValueAmount
|
36500 | usd |
CY2024Q1 | qind |
Debt Instrument Acquired Interest Percentage
DebtInstrumentAcquiredInterestPercentage
|
0.51 | pure |
CY2024Q1 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
9000000 | usd |
CY2024Q1 | us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
1000000 | usd |
us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
907000 | usd | |
CY2024Q2 | us-gaap |
Debtor In Possession Financing Borrowings Outstanding
DebtorInPossessionFinancingBorrowingsOutstanding
|
753230 | usd |
CY2024Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
432258 | usd |
CY2023Q3 | us-gaap |
Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
|
174867 | usd |
CY2023Q3 | us-gaap |
Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
|
118367 | usd |
CY2023Q2 | us-gaap |
Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
|
550000 | usd |
us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
77000 | usd | |
us-gaap |
Interest Expense Other
InterestExpenseOther
|
35863 | usd | |
us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
3009680 | shares | |
CY2023Q4 | us-gaap |
Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
|
100000 | usd |
CY2023Q4 | qind |
Percentage Of Charged
PercentageOfCharged
|
0.15 | pure |
CY2023Q4 | us-gaap |
Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
|
0.50 | pure |
CY2023Q4 | qind |
Discount Of Initial Public Offering Price
DiscountOfInitialPublicOfferingPrice
|
0.25 | pure |
CY2023Q4 | us-gaap |
Investment Company Total Return Market Value
InvestmentCompanyTotalReturnMarketValue
|
2 | pure |
CY2024Q1 | us-gaap |
Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
|
174867 | usd |
CY2024Q1 | us-gaap |
Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
|
22732 | usd |
CY2024Q1 | us-gaap |
Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
|
35000 | usd |
CY2024Q1 | us-gaap |
Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
|
118367 | usd |
CY2024Q1 | us-gaap |
Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
|
15387 | usd |
CY2024Q2 | us-gaap |
Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
|
71500 | usd |
CY2024Q2 | qind |
Common Stock Issued As Commitment Feesin Shares
CommonStockIssuedAsCommitmentFeesinShares
|
500000 | shares |
CY2024Q2 | us-gaap |
Other Commitment
OtherCommitment
|
24179 | usd |
CY2024Q2 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
3807 | usd |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
20916 | usd | |
CY2024Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2024Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2024Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2024Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
133006691 | shares |
CY2024Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
133006691 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
127129694 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
127129694 | shares |
CY2024Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2024Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2023Q1 | us-gaap |
Common Stock Convertible Conversion Price Increase
CommonStockConvertibleConversionPriceIncrease
|
1 | |
CY2024Q2 | qind |
Consideration Of Asset Purchase
ConsiderationOfAssetPurchase
|
480000 | shares |
CY2024Q2 | us-gaap |
Investment Company Market Value Per Share
InvestmentCompanyMarketValuePerShare
|
0.1 | |
CY2024Q2 | us-gaap |
Assets Sold Under Agreements To Repurchase Market Value
AssetsSoldUnderAgreementsToRepurchaseMarketValue
|
48000 | usd |
us-gaap |
Contract With Customer Asset Purchase
ContractWithCustomerAssetPurchase
|
48000 | usd | |
CY2024Q1 | qind |
Percentage Of Shares Acquired Outstanding
PercentageOfSharesAcquiredOutstanding
|
0.51 | pure |
CY2024Q1 | qind |
Lease Agreements Term Extending
LeaseAgreementsTermExtending
|
P12M | |
CY2024Q1 | us-gaap |
Subordinated Borrowing Interest Rate
SubordinatedBorrowingInterestRate
|
0.08 | pure |
CY2024Q2 | qind |
Recognized Rent Expense
RecognizedRentExpense
|
3367 | usd |
qind |
Recognized Rent Expense
RecognizedRentExpense
|
3367 | usd | |
CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
33747 | usd |
CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
72405 | usd |
CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
71572 | usd |
CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
35247 | usd |
CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
212971 | usd |
CY2024Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P2Y9M3D | |
CY2024Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.08 | pure |
CY2024Q1 | us-gaap |
Noncash Or Part Noncash Acquisition Inventory Acquired1
NoncashOrPartNoncashAcquisitionInventoryAcquired1
|
10000000 | usd |
us-gaap |
Business Combination Separately Recognized Transactions Revenues And Gains Recognized
BusinessCombinationSeparatelyRecognizedTransactionsRevenuesAndGainsRecognized
|
10839209 | usd | |
us-gaap |
Business Combination Separately Recognized Transactions Net Gains And Losses
BusinessCombinationSeparatelyRecognizedTransactionsNetGainsAndLosses
|
2370229 | usd | |
qind |
Acquired Business Contributed Revenues Total Consisting
AcquiredBusinessContributedRevenuesTotalConsisting
|
4161797 | usd | |
qind |
Consideration Paid
ConsiderationPaid
|
0 | usd | |
CY2024Q1 | qind |
Consideration Paid
ConsiderationPaid
|
0 | usd |
us-gaap |
Noncash Or Part Noncash Acquisition Inventory Acquired1
NoncashOrPartNoncashAcquisitionInventoryAcquired1
|
10000000 | usd | |
CY2024Q2 | qind |
Fair Value Of Cash Or National Exchange Listed Stock
FairValueOfCashOrNationalExchangeListedStock
|
9000000 | usd |
CY2024Q2 | us-gaap |
Cash
Cash
|
1000000 | usd |
CY2024Q2 | qind |
Fair Valueof Consideration Total Amount
FairValueofConsiderationTotalAmount
|
10000000 | usd |
CY2024Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
|
111767 | usd |
CY2024Q2 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
2699826 | usd |
CY2024Q2 | us-gaap |
Inventory Gross
InventoryGross
|
1315937 | usd |
CY2024Q2 | qind |
Deposits Prepayments And Advances
DepositsPrepaymentsAndAdvances
|
551588 | usd |
CY2024Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
|
102682 | usd |
CY2024Q2 | qind |
Right Of Use Assets
RightOfUseAssets
|
222130 | usd |
CY2024Q2 | qind |
Business Combination Trade And Other Payables
BusinessCombinationTradeAndOtherPayables
|
885036 | usd |
CY2024Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
229359 | usd |
CY2024Q2 | us-gaap |
Other Borrowings
OtherBorrowings
|
907637 | usd |
CY2024Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
|
2981918 | usd |
qind |
Business Combination Non Controlling Share Percentage
BusinessCombinationNonControllingSharePercentage
|
0.49 | pure | |
CY2024Q2 | us-gaap |
Business Combination Acquisition Of Less Than100 Percent Noncontrolling Interest Fair Value
BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue
|
1461140 | usd |
qind |
Percentage Of Net Assets Of Al Shola Gas
PercentageOfNetAssetsOfAlSholaGas
|
-0.51 | pure | |
CY2024Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Less Noncontrolling Interest
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedLessNoncontrollingInterest
|
1520778 | usd |
CY2024Q2 | us-gaap |
Goodwill
Goodwill
|
8479222 | usd |
CY2024Q1 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
488083 | usd |
CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0 | |
CY2024Q2 | us-gaap |
Investment Interest Rate
InvestmentInterestRate
|
0.13 | pure |
qind |
Applied Issuance Amount
AppliedIssuanceAmount
|
23322 | usd | |
us-gaap |
Financing Receivable Accrued Interest Writeoff
FinancingReceivableAccruedInterestWriteoff
|
22524.67 | usd | |
qind |
Common Stock Conversion Percentage
CommonStockConversionPercentage
|
0.65 | pure | |
CY2024Q2 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
1500 | usd |
CY2024Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2024Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2023Q4 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
usd | |
CY2024Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2024Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | ||
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.02 | ||
CY2023Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
usd | |
CY2023Q1 | us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
usd | ||
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
usd | ||
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
usd | ||
us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
usd | ||
qind |
Gain On Accrued Interest Forgiven
GainOnAccruedInterestForgiven
|
usd | ||
qind |
Change In Noncontrolling Interest
ChangeInNoncontrollingInterest
|
usd | ||
us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
usd | ||
qind |
Net Change In Noncurrent Assets And Liabilities
NetChangeInNoncurrentAssetsAndLiabilities
|
usd | ||
us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
usd | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | ||
us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | ||
us-gaap |
Noncash Or Part Noncash Acquisition Inventory Acquired1
NoncashOrPartNoncashAcquisitionInventoryAcquired1
|
usd | ||
qind |
Cancellation Of Debt And Investment
CancellationOfDebtAndInvestment
|
usd | ||
qind |
Issuance Of Related Party Receivable For Investment Cancellation
IssuanceOfRelatedPartyReceivableForInvestmentCancellation
|
usd | ||
us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
usd | ||
qind |
Issuance Of Commitment Fee Shares And Debt Discounts
IssuanceOfCommitmentFeeSharesAndDebtDiscounts
|
usd | ||
qind |
Trading Days
TradingDays
|
P10D | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001393781 |