2023 Q3 Form 10-Q Financial Statement
#000166357723000383 Filed on August 10, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 | 2022 Q4 |
---|---|---|---|
Revenue | $22.13M | $21.60M | $28.26M |
YoY Change | 15.7% | ||
Cost Of Revenue | $14.13M | $13.66M | $18.62M |
YoY Change | 13.24% | ||
Gross Profit | $7.995M | $7.940M | $9.640M |
YoY Change | 20.32% | ||
Gross Profit Margin | 36.13% | 36.75% | 34.11% |
Selling, General & Admin | $4.307M | $2.609M | $4.124M |
YoY Change | 14.65% | 13118.46% | 5189.97% |
% of Gross Profit | 53.87% | 32.85% | 42.78% |
Research & Development | $14.22K | ||
YoY Change | -75.7% | ||
% of Gross Profit | 0.18% | ||
Depreciation & Amortization | $701.1K | $653.0K | $171.0K |
YoY Change | 24.05% | 15.58% | |
% of Gross Profit | 8.77% | 8.22% | 1.77% |
Operating Expenses | $5.008M | $3.330M | $4.124M |
YoY Change | 32.0% | 3572.7% | 2721.38% |
Operating Profit | $2.987M | $4.610M | $5.516M |
YoY Change | 4.77% | -5185.18% | -3873.69% |
Interest Expense | -$1.819M | -$1.010M | -$3.023M |
YoY Change | 346.03% | -104059.16% | 269066.16% |
% of Operating Profit | -60.89% | -21.92% | -54.8% |
Other Income/Expense, Net | $40.20K | -$1.757M | -$3.213M |
YoY Change | -109.57% | 422.88% | 286022.71% |
Pretax Income | $1.859M | $2.853M | |
YoY Change | |||
Income Tax | $0.00 | ||
% Of Pretax Income | 0.0% | ||
Net Earnings | $1.859M | $2.853M | $2.566M |
YoY Change | -23.53% | 1062.24% | -1841.93% |
Net Earnings / Revenue | 8.4% | 13.21% | 9.08% |
Basic Earnings Per Share | $0.02 | -$0.01 | |
Diluted Earnings Per Share | $0.02 | $0.03 | $0.00 |
COMMON SHARES | |||
Basic Shares Outstanding | 114.9M shares | 114.4M shares | 102.9M shares |
Diluted Shares Outstanding | 118.6M shares |
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 | 2022 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $2.758M | $3.211M | |
YoY Change | |||
Cash & Equivalents | $1.255M | $1.708M | $1.313M |
Short-Term Investments | $1.503M | $1.503M | |
Other Short-Term Assets | $7.284M | $4.944M | $110.3M |
YoY Change | 61960212.36% | ||
Inventory | $1.437M | $1.536M | $1.203M |
Prepaid Expenses | $7.540M | ||
Receivables | $72.69M | $60.41M | $37.84M |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $127.6M | $116.7M | $111.6M |
YoY Change | 240.81% | 498285.0% | 704591.05% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $32.23M | $32.13M | |
YoY Change | |||
Goodwill | $56.39M | $56.39M | |
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $88.52M | $89.09M | |
YoY Change | 42264.83% | ||
Total Long-Term Assets | $88.61M | $88.52M | $89.09M |
YoY Change | 8761.37% | 42264.83% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $127.6M | $116.7M | $111.6M |
Total Long-Term Assets | $88.61M | $88.52M | $89.09M |
Total Assets | $216.2M | $205.2M | $200.7M |
YoY Change | 462.42% | 876348.88% | 88650.8% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $48.99M | $41.01M | $43.34M |
YoY Change | |||
Accrued Expenses | $1.207M | $2.290M | $1.206M |
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $24.09M | $18.91M | |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $150.3M | $143.6M | $144.7M |
YoY Change | 352.28% | 118975.15% | 24211.4% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $13.11M | $12.83M | |
YoY Change | |||
Other Long-Term Liabilities | $1.938M | $1.938M | $28.03M |
YoY Change | |||
Total Long-Term Liabilities | $27.53M | $28.35M | $29.13M |
YoY Change | 2403.06% | ||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $150.3M | $143.6M | $144.7M |
Total Long-Term Liabilities | $27.53M | $28.35M | $29.13M |
Total Liabilities | $177.8M | $172.0M | $173.8M |
YoY Change | 417.99% | 142476.43% | 29105.85% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$5.761M | -$7.455M | -$9.438M |
YoY Change | -47.56% | -41.25% | -26.05% |
Common Stock | $126.9K | $114.6K | $102.9K |
YoY Change | 23.33% | 13.57% | 8.6% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $38.41M | $33.20M | $3.235M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $216.2M | $205.2M | $200.7M |
YoY Change | 462.42% | 876348.88% | 88650.8% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 | 2022 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $1.859M | $2.853M | $2.566M |
YoY Change | -23.53% | 1062.24% | -1841.93% |
Depreciation, Depletion And Amortization | $701.1K | $653.0K | $171.0K |
YoY Change | 24.05% | 15.58% | |
Cash From Operating Activities | $2.106M | $1.824M | |
YoY Change | 165.49% | -1399.94% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $798.7K | -$625.3K | |
YoY Change | 213.23% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$798.7K | $625.3K | |
YoY Change | 213.23% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -$1.760M | -$1.971M | |
YoY Change | 261.22% | -1517.29% | |
NET CHANGE | |||
Cash From Operating Activities | $2.106M | $1.824M | |
Cash From Investing Activities | -$798.7K | $625.3K | |
Cash From Financing Activities | -$1.760M | -$1.971M | |
Net Change In Cash | -$453.2K | $477.9K | |
YoY Change | -991.24% | -39498.85% | |
FREE CASH FLOW | |||
Cash From Operating Activities | $2.106M | $1.824M | |
Capital Expenditures | $798.7K | -$625.3K | |
Free Cash Flow | $1.307M | $2.449M | |
YoY Change | 142.88% |
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Minority Interest
MinorityInterest
|
23793393 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
33204470 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
26877392 | usd |
CY2023Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
205202976 | usd |
CY2022Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
200692193 | usd |
CY2023Q2 | us-gaap |
Revenues
Revenues
|
21601906 | usd |
CY2022Q2 | us-gaap |
Revenues
Revenues
|
18216000 | usd |
us-gaap |
Revenues
Revenues
|
39759756 | usd | |
us-gaap |
Revenues
Revenues
|
18216000 | usd | |
CY2023Q2 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
13662355 | usd |
CY2022Q2 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
12829000 | usd |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
26367174 | usd | |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
12829000 | usd | |
CY2023Q2 | us-gaap |
Gross Profit
GrossProfit
|
7939550 | usd |
CY2022Q2 | us-gaap |
Gross Profit
GrossProfit
|
5378000 | usd |
us-gaap |
Gross Profit
GrossProfit
|
13392581 | usd | |
us-gaap |
Gross Profit
GrossProfit
|
5378000 | usd | |
CY2023Q2 | us-gaap |
Professional Fees
ProfessionalFees
|
210843 | usd |
CY2022Q2 | us-gaap |
Professional Fees
ProfessionalFees
|
70922 | usd |
us-gaap |
Professional Fees
ProfessionalFees
|
271247 | usd | |
us-gaap |
Professional Fees
ProfessionalFees
|
217839 | usd | |
CY2023Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2397684 | usd |
CY2022Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3297934 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
4769690 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3335445 | usd | |
CY2023Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
721000 | usd |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
721000 | usd | |
CY2023Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
3329527 | usd |
CY2022Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
3368856 | usd |
us-gaap |
Operating Expenses
OperatingExpenses
|
5760937 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
3553284 | usd | |
CY2023Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
4610023 | usd |
CY2022Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
2018144 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
7631644 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1833716 | usd | |
CY2023Q2 | us-gaap |
Interest Expense Long Term Debt
InterestExpenseLongTermDebt
|
25715 | usd |
us-gaap |
Interest Expense Long Term Debt
InterestExpenseLongTermDebt
|
45238 | usd | |
CY2023Q2 | QIND |
Stock Issued For Services
StockIssuedForServices
|
721192 | usd |
QIND |
Stock Issued For Services
StockIssuedForServices
|
721192 | usd | |
CY2023Q2 | us-gaap |
Interest Expense
InterestExpense
|
-1010483 | usd |
CY2022Q2 | us-gaap |
Interest Expense
InterestExpense
|
-408772 | usd |
us-gaap |
Interest Expense
InterestExpense
|
-1981871 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
409784 | usd | |
us-gaap |
Entertainment License Agreement For Program Material Not In Film Group Impairment
EntertainmentLicenseAgreementForProgramMaterialNotInFilmGroupImpairment
|
-104550 | usd | |
CY2023Q2 | us-gaap |
Other Expenses
OtherExpenses
|
-1757390 | usd |
CY2022Q2 | us-gaap |
Other Expenses
OtherExpenses
|
-408772 | usd |
us-gaap |
Other Expenses
OtherExpenses
|
-2748301 | usd | |
us-gaap |
Other Expenses
OtherExpenses
|
-514334 | usd | |
CY2022Q2 | us-gaap |
Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
|
337071 | usd |
us-gaap |
Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
|
457071 | usd | |
CY2022Q2 | us-gaap |
Other Income
OtherIncome
|
337071 | usd |
us-gaap |
Other Income
OtherIncome
|
457071 | usd | |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2852633 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1946453 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
4883343 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
1776453 | usd | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.03 | |
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.02 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.05 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.00 | ||
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
110222564 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
100621953 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
106573410 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
98669372 | shares | |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
26877392 | usd |
CY2023Q1 | QIND |
Net Income Loss Inludes Other Amounts
NetIncomeLossInludesOtherAmounts
|
2030710 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
28908102 | 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 Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
721000 | usd |
CY2023Q2 | QIND |
Net Income Loss Inludes Other Amounts
NetIncomeLossInludesOtherAmounts
|
2852633 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
33204470 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-369007 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
57824 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
104550 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-169990 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-375878 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
38742 | usd |
CY2022Q2 | QIND |
Receivable With Imputed Interest Value
ReceivableWithImputedInterestValue
|
753 | usd |
CY2022Q2 | QIND |
Receivable With Imputed Interest Reclassed To Accrued Interest Value
ReceivableWithImputedInterestReclassedToAccruedInterestValue
|
-6283 | usd |
CY2022Q2 | QIND |
Net Income Loss52 Percent
NetIncomeLoss52Percent
|
1129963 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-787297 | usd |
CY2023Q2 | us-gaap |
Profit Loss
ProfitLoss
|
2852633 | usd |
CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
1776453 | usd |
CY2023Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
721000 | usd |
CY2023Q2 | QIND |
Stock Issued During Period Value Issued For Services2
StockIssuedDuringPeriodValueIssuedForServices2
|
721192 | usd |
CY2023Q2 | us-gaap |
Depreciation
Depreciation
|
652961 | usd |
CY2022Q2 | us-gaap |
Depreciation
Depreciation
|
564958 | usd |
CY2022Q2 | us-gaap |
Proceeds From Other Equity
ProceedsFromOtherEquity
|
104550 | usd |
CY2022Q2 | QIND |
Settlement Of Debt
SettlementOfDebt
|
457071 | usd |
CY2023Q2 | us-gaap |
Debt Instrument Periodic Payment Interest
DebtInstrumentPeriodicPaymentInterest
|
1010483 | usd |
CY2022Q2 | us-gaap |
Debt Instrument Periodic Payment Interest
DebtInstrumentPeriodicPaymentInterest
|
-409784 | usd |
CY2023Q2 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-5966149 | usd |
CY2022Q2 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-18583454 | usd |
CY2023Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1831451 | usd |
CY2022Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
16040499 | usd |
CY2023Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
1823571 | usd |
CY2022Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-140281 | usd |
CY2023Q2 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
625337 | usd |
CY2023Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
625337 | usd |
CY2023Q2 | us-gaap |
Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
|
770000 | usd |
CY2023Q2 | us-gaap |
Debt Instrument Periodic Payment Interest
DebtInstrumentPeriodicPaymentInterest
|
1010483 | usd |
CY2022Q2 | us-gaap |
Debt Instrument Periodic Payment Interest
DebtInstrumentPeriodicPaymentInterest
|
-409784 | usd |
CY2023Q2 | us-gaap |
Proceeds From Loans
ProceedsFromLoans
|
-1732100 | usd |
CY2022Q2 | QIND |
Loss On License Agreement
LossOnLicenseAgreement
|
-104550 | usd |
CY2023Q2 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1583 | usd |
CY2022Q2 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
196331 | usd |
CY2023Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1971000 | usd |
CY2022Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
139068 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
477908 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-1213 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1229893 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
15659 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1707801 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
14446 | usd |
CY2022Q2 | QIND |
Control Block Shares Transferred Shares
ControlBlockSharesTransferredShares
|
77669078 | shares |
CY2022Q2 | QIND |
Control Block Shares Transferred Value
ControlBlockSharesTransferredValue
|
500000 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_844_eus-gaap--UseOfEstimates_z4YOl1syTwDf" style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><b><i>Use of estimates</i></b></p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0pt 0pt 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="font: 10pt/107% Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in"> </p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">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/107% Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"> </p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="background-color: white">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.</span></p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="background-color: white"> </span></p> | ||
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.03 | |
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.02 | |
CY2023Q2 | QIND |
Net Income Loss Numerator
NetIncomeLossNumerator
|
2852633 | usd |
CY2022Q2 | QIND |
Net Income Loss Numerator
NetIncomeLossNumerator
|
1946443 | usd |
CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
2852633 | usd |
CY2022Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
1946443 | usd |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
110222564 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
100621953 | shares |
CY2023Q2 | us-gaap |
Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
|
110222564 | usd |
CY2022Q2 | us-gaap |
Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
|
100621953 | usd |
CY2023Q2 | us-gaap |
Cash
Cash
|
1707801 | usd |
CY2022Q4 | us-gaap |
Cash
Cash
|
1312565 | usd |
CY2023Q2 | QIND |
Retention Receivable
RetentionReceivable
|
2590611 | usd |
CY2022Q4 | QIND |
Retention Receivable
RetentionReceivable
|
2800611 | usd |
CY2023Q2 | us-gaap |
Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
|
2072077 | usd |
CY2022Q4 | us-gaap |
Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
|
1794218 | usd |
CY2023Q2 | us-gaap |
Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
|
70000 | usd |
CY2023Q2 | us-gaap |
Other Restricted Assets Current
OtherRestrictedAssetsCurrent
|
210934 | usd |
CY2022Q4 | us-gaap |
Other Restricted Assets Current
OtherRestrictedAssetsCurrent
|
179488 | usd |
CY2023Q2 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
4943622 | usd |
CY2022Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
4774317 | usd |
CY2023Q2 | us-gaap |
Accrued Rent Current
AccruedRentCurrent
|
835943 | usd |
CY2022Q4 | us-gaap |
Accrued Rent Current
AccruedRentCurrent
|
836382 | usd |
CY2023Q2 | us-gaap |
Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
|
77093 | usd |
CY2022Q4 | us-gaap |
Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
|
31855 | usd |
CY2023Q2 | QIND |
Payable Related Party Current
PayableRelatedPartyCurrent
|
80500000 | usd |
CY2022Q4 | QIND |
Payable Related Party Current
PayableRelatedPartyCurrent
|
81000000 | usd |
CY2023Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
23500 | usd |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
46162 | usd |
CY2023Q2 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
81436536 | usd |
CY2022Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
81914399 | usd |
CY2023Q2 | us-gaap |
Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
|
18911641 | usd |
CY2023Q2 | us-gaap |
Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
|
45000000 | usd |
CY2023Q2 | QIND |
Payable Related Party Current
PayableRelatedPartyCurrent
|
80500000 | usd |
CY2023Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
41009707 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
43344990 | usd |
CY2023Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
2289614 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1206417 | usd |
CY2023Q2 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
43299321 | usd |
CY2022Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
44551407 | usd |
CY2023Q2 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
28351008 | usd |
CY2022Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
29128680 | usd |
CY2023Q2 | us-gaap |
Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
|
45000000 | usd |
CY2023Q2 | us-gaap |
Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
|
10761062 | usd |
CY2023Q2 | us-gaap |
Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
|
1938218 | usd |
CY2022Q4 | us-gaap |
Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
|
1953853 | usd |
CY2023Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
1938218 | usd |
CY2022Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
1953853 | usd |
CY2023Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2023Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2023Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
114576965 | shares |
CY2023Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
114576965 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
102883709 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
102883709 | shares |
CY2023Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2023Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2023Q2 | us-gaap |
Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
|
1374114 | usd |
CY2022Q2 | us-gaap |
Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
|
1351700 | usd |
CY2023Q2 | us-gaap |
Travel And Entertainment Expense
TravelAndEntertainmentExpense
|
147300 | usd |
CY2022Q2 | us-gaap |
Travel And Entertainment Expense
TravelAndEntertainmentExpense
|
185000 | usd |
CY2023Q2 | us-gaap |
Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
|
55238 | usd |
CY2022Q2 | us-gaap |
Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
|
38900 | usd |
CY2023Q2 | us-gaap |
Noninterest Expense Printing And Fulfillment
NoninterestExpensePrintingAndFulfillment
|
9206 | usd |
CY2022Q2 | us-gaap |
Noninterest Expense Printing And Fulfillment
NoninterestExpensePrintingAndFulfillment
|
8500 | usd |
CY2023Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Reclassifications From Property Plant And Equipment1
AccumulatedDepreciationDepletionAndAmortizationReclassificationsFromPropertyPlantAndEquipment1
|
652961 | usd |
CY2022Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Reclassifications From Property Plant And Equipment1
AccumulatedDepreciationDepletionAndAmortizationReclassificationsFromPropertyPlantAndEquipment1
|
564958 | usd |
CY2023Q2 | us-gaap |
Insurance Commissions And Fees
InsuranceCommissionsAndFees
|
18413 | usd |
CY2022Q2 | us-gaap |
Insurance Commissions And Fees
InsuranceCommissionsAndFees
|
15000 | usd |
CY2023Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
14220 | usd |
CY2022Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
58516 | usd |
CY2023Q2 | us-gaap |
Utilities Operating Expense Maintenance
UtilitiesOperatingExpenseMaintenance
|
11772 | usd |
CY2022Q2 | us-gaap |
Utilities Operating Expense Maintenance
UtilitiesOperatingExpenseMaintenance
|
11857 | usd |
CY2023Q2 | us-gaap |
Other General Expense
OtherGeneralExpense
|
114460 | usd |
CY2022Q2 | us-gaap |
Other General Expense
OtherGeneralExpense
|
1063503 | usd |
CY2023Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2397684 | usd |
CY2022Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3297934 | usd |
CY2022Q2 | us-gaap |
Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
|
337071 | usd |
CY2022Q2 | us-gaap |
Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
|
337071 | usd |
CY2023Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
0 | usd |
CY2022Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
337071 | usd |
CY2022Q2 | us-gaap |
Debt Instrument Convertible Carrying Amount Of The Equity Component
DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent
|
300000 | usd |
CY2022Q2 | us-gaap |
Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
|
41 | usd |