$QIND
Quality Industrial Corp.

2021 Form 10-K Financial Statement

#000166357722000138 Filed on March 04, 2022

View on sec.gov

Income Statement

Concept 2021 2020 Q4 2020
Revenue
YoY Change
Cost Of Revenue $0.00
YoY Change
Gross Profit $0.00
YoY Change
Gross Profit Margin
Selling, General & Admin $331.6K $1.941M
YoY Change -82.92%
% of Gross Profit
Research & Development $6.000K
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00
YoY Change
% of Gross Profit
Operating Expenses $0.00 $1.947M
YoY Change -100.0%
Operating Profit -$5.175M -$1.947M
YoY Change 165.77%
Interest Expense -$4.449K -$7.070K
YoY Change -37.07%
% of Operating Profit
Other Income/Expense, Net -$4.458K
YoY Change
Pretax Income -$5.180M -$1.954M
YoY Change 165.03%
Income Tax
% Of Pretax Income
Net Earnings -$5.180M -$1.954M
YoY Change 165.03%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$0.05 -$0.02
COMMON SHARES
Basic Shares Outstanding 95.12M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2021 2020 Q4 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.66K
YoY Change
Cash & Equivalents $19.56K
Short-Term Investments
Other Short-Term Assets $180.00
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $15.84K
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $210.3K
YoY Change
Total Long-Term Assets $210.3K
YoY Change
TOTAL ASSETS
Total Short-Term Assets $15.84K
Total Long-Term Assets $210.3K
Total Assets $226.1K
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $207.4K
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $387.7K
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $595.1K
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $595.1K
Total Long-Term Liabilities $0.00
Total Liabilities $595.1K
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$369.0K -$23.04K
YoY Change
Total Liabilities & Shareholders Equity $226.1K
YoY Change

Cashflow Statement

Concept 2021 2020 Q4 2020
OPERATING ACTIVITIES
Net Income -$5.180M -$1.954M
YoY Change 165.03%
Depreciation, Depletion And Amortization $0.00
YoY Change
Cash From Operating Activities -$409.2K -$173.1K
YoY Change 136.34%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities
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 $405.3K 61.10K
YoY Change 563.34%
NET CHANGE
Cash From Operating Activities -$409.2K -173.1K
Cash From Investing Activities
Cash From Financing Activities $405.3K 61.10K
Net Change In Cash $0.00 $0.00
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$409.2K -$173.1K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q1 us-gaap Business Acquisition Percentage Of Voting Interests Acquired
BusinessAcquisitionPercentageOfVotingInterestsAcquired
0.51 pure
CY2020Q4 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
USD
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
USD
CY2020Q4 us-gaap Line Of Credit
LineOfCredit
USD
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2020Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2021 us-gaap Revenues
Revenues
USD
CY2020 us-gaap Revenues
Revenues
USD
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
USD
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
USD
CY2020 WSFT Cancellation Of Unallocated Shares Amount
CancellationOfUnallocatedSharesAmount
USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
USD
CY2021 us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
USD
CY2021 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
USD
CY2020 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
USD
CY2020 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
USD
CY2021 us-gaap Interest Paid
InterestPaid
USD
CY2020 us-gaap Interest Paid
InterestPaid
USD
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
USD
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
USD
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
USD
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
USD

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