2023 Q4 Form 10-Q Financial Statement

#000149315223028465 Filed on August 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2023 Q2
Revenue $0.00 $0.00 $1.627M
YoY Change -100.0% -100.0% 13.74%
Cost Of Revenue $1.017M
YoY Change 1311.86%
Gross Profit $610.5K
YoY Change -55.06%
Gross Profit Margin 37.52%
Selling, General & Admin $962.8K $1.337M $2.835M
YoY Change -67.09% -53.23% -4.41%
% of Gross Profit 464.39%
Research & Development $1.311M $1.442M $1.327M
YoY Change -26.26% -14.6% -11.93%
% of Gross Profit 217.29%
Depreciation & Amortization $4.500K -$120.0K $19.00K
YoY Change -91.49% -600.0% -20.83%
% of Gross Profit 3.11%
Operating Expenses $2.274M $2.778M $5.178M
YoY Change -51.65% -52.29% -7.07%
Operating Profit -$2.778M -$3.551M
YoY Change -36.61% -14.25%
Interest Expense -$235.8K -$367.3K -$377.4K
YoY Change 456.02% -8032.18% -7930.29%
% of Operating Profit
Other Income/Expense, Net $663.1K -$456.7K $5.256K
YoY Change -693.03% -239.62% -72.69%
Pretax Income -$2.472M -$3.235M -$3.546M
YoY Change -71.91% -20.24% -13.98%
Income Tax -$4.790K -$38.18K
% Of Pretax Income
Net Earnings -$2.450M -$3.695M -$3.464M
YoY Change -61.55% -3.4% -15.99%
Net Earnings / Revenue -212.92%
Basic Earnings Per Share -$0.69
Diluted Earnings Per Share -$0.47 -$0.72 -$0.69
COMMON SHARES
Basic Shares Outstanding 5.181M shares 5.052M shares 5.052M shares
Diluted Shares Outstanding 5.052M shares 5.052M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $401.8K $2.074M $1.342M
YoY Change -94.29% -68.66% -86.23%
Cash & Equivalents $401.8K $2.074M $1.347M
Short-Term Investments
Other Short-Term Assets $765.0K $1.376M $11.64K
YoY Change 5958.61% -18.71% -99.4%
Inventory $1.563M
Prepaid Expenses
Receivables $538.6K $679.4K
Other Receivables $0.00
Total Short-Term Assets $1.167M $3.450M $4.863M
YoY Change -89.22% -66.82% -64.52%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00 $498.6K
YoY Change -100.0% 51.27%
Goodwill $625.6K
YoY Change -87.22%
Intangibles $5.833M
YoY Change -0.43%
Long-Term Investments
YoY Change
Other Assets $866.5K $866.5K $18.33K
YoY Change 4626.08% 4626.09% 0.01%
Total Long-Term Assets $866.5K $866.5K $8.287M
YoY Change -89.51% -93.1% -34.46%
TOTAL ASSETS
Total Short-Term Assets $1.167M $3.450M $4.863M
Total Long-Term Assets $866.5K $866.5K $8.287M
Total Assets $2.033M $4.316M $13.15M
YoY Change -89.35% -81.2% -50.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.223M $1.572M $1.756M
YoY Change 159.3% 163.71% 91.24%
Accrued Expenses $527.0K $1.144M $1.981M
YoY Change -65.14% -22.23% 40.01%
Deferred Revenue
YoY Change
Short-Term Debt $1.299M $0.00 $965.2K
YoY Change 36.66% -100.0% 2.68%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.137M $5.957M $8.494M
YoY Change -51.94% 22.03% 50.44%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.197M
YoY Change -20.0%
Total Long-Term Liabilities $0.00 $0.00 $1.197M
YoY Change -100.0% -100.0% -20.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.137M $5.957M $8.494M
Total Long-Term Liabilities $0.00 $0.00 $1.197M
Total Liabilities $4.137M $5.957M $9.842M
YoY Change -59.9% -15.43% 24.91%
SHAREHOLDERS EQUITY
Retained Earnings -$116.8M -$114.4M -$110.7M
YoY Change 12.96% 17.94% 18.79%
Common Stock $43.26K $42.95K $42.95K
YoY Change 2.74% 2.0% 10.72%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.104M -$1.641M $2.034M
YoY Change
Total Liabilities & Shareholders Equity $2.033M $4.316M $13.15M
YoY Change -89.35% -81.2% -50.09%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$2.450M -$3.695M -$3.464M
YoY Change -61.55% -3.4% -15.99%
Depreciation, Depletion And Amortization $4.500K -$120.0K $19.00K
YoY Change -91.49% -600.0% -20.83%
Cash From Operating Activities -$5.672M $927.3K -$2.928M
YoY Change 153.45% -129.14% -25.79%
INVESTING ACTIVITIES
Capital Expenditures $48.41K
YoY Change -449.53%
Acquisitions
YoY Change
Other Investing Activities $235.4K $3.981M $0.00
YoY Change -100.0%
Cash From Investing Activities $235.4K $4.231M -$48.41K
YoY Change -196.33% -37671.4% -139.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -110.0K -440.0K 0.000
YoY Change -103.79% -13393.05%
NET CHANGE
Cash From Operating Activities -5.672M 927.3K -2.928M
Cash From Investing Activities 235.4K 4.231M -48.41K
Cash From Financing Activities -110.0K -440.0K 0.000
Net Change In Cash -5.546M 4.718M -2.977M
YoY Change -1416.6% -247.9% -22.17%
FREE CASH FLOW
Cash From Operating Activities -$5.672M $927.3K -$2.928M
Capital Expenditures $48.41K
Free Cash Flow -$2.977M
YoY Change -24.3%

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us-gaap Profit Loss
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2023Q2 us-gaap Net Income Loss
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CY2022Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2022Q2 us-gaap Earnings Per Share Basic
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CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.46
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2022Q2 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
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CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q2 us-gaap Profit Loss
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CY2022Q2 us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Profit Loss
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CY2023Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
65540 usd
CY2023Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2023Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2022Q2 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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252226 usd
CY2023Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
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176220 usd
CY2023Q1 us-gaap Profit Loss
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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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672111 usd
CY2023Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
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CY2023Q2 us-gaap Profit Loss
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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3308044 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q1 us-gaap Stock Issued During Period Value Other
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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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CY2022Q1 us-gaap Profit Loss
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CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
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CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
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65540 usd
CY2022Q2 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
4000000 usd
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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CY2022Q2 us-gaap Profit Loss
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Operating Lease Right Of Use Asset Amortization Expense
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116567 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
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us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
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us-gaap Inventory Write Down
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us-gaap Inventory Write Down
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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2690447 usd
us-gaap Fair Value Adjustment Of Warrants
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us-gaap Fair Value Adjustment Of Warrants
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QLGN Loss On Voluntary Conversion Of Convertible Debt
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QLGN Accretion Of Discount On Convertible Debt
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us-gaap Gain Loss On Disposition Of Assets1
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-63602 usd
us-gaap Increase Decrease In Accounts Receivable
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8614 usd
us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Assets Held For Sale
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37390 usd
us-gaap Increase Decrease In Assets Held For Sale
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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357508 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
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QLGN Increase Decrease In Research And Development Grant Liability
IncreaseDecreaseInResearchAndDevelopmentGrantLiability
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us-gaap Increase Decrease In Operating Lease Liability
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us-gaap Increase Decrease In Operating Lease Liability
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Increase Decrease In Deferred Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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246418 usd
us-gaap Payments To Acquire Property Plant And Equipment
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63483 usd
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
135354 usd
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
71871 usd
us-gaap Proceeds From Warrant Exercises
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3859 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3859 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
115803 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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-34228 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7040124 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
17538272 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1347093 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6293 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3501 usd
QLGN Transfers Of Inventory From Equipment Held For Lease
TransfersOfInventoryFromEquipmentHeldForLease
83271 usd
QLGN Fair Value Of Warrant Liabilities On Date Of Exercise
FairValueOfWarrantLiabilitiesOnDateOfExercise
858 usd
QLGN Voluntary Conversion Of Convertible Debt Into Common Stock
VoluntaryConversionOfConvertibleDebtIntoCommonStock
1112582 usd
CY2022Q2 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
These warrants were subsequently exercised on September 13, 2022
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84B_eus-gaap--UseOfEstimates_zgqLDIIeqsLh" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86B_zk47oSzVjO4a">Accounting Estimates</span> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management uses estimates and assumptions in preparing its condensed consolidated financial statements in accordance with U.S. GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. The most significant estimates relate to the estimated fair value of in-process research and development, goodwill, warrant liabilities, stock-based compensation, amortization and depreciation, inventory reserves, allowances for doubtful accounts and returns, and warranty costs. Actual results could vary from the estimates that were used.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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51710 usd
CY2022Q4 QLGN Prepaid Manufacturing Expenses
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CY2023Q2 QLGN Preapaid Research And Development Expenses
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CY2023Q2 us-gaap Asset Impairment Charges
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CY2022Q2 us-gaap Asset Impairment Charges
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us-gaap Asset Impairment Charges
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us-gaap Asset Impairment Charges
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us-gaap Product Warranty Expense
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CY2023Q2 QLGN Allowances For Sales Return
AllowancesForSalesReturn
28000 usd
CY2022Q2 QLGN Allowances For Sales Return
AllowancesForSalesReturn
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QLGN Allowances For Sales Return
AllowancesForSalesReturn
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QLGN Allowances For Sales Return
AllowancesForSalesReturn
53000 usd
us-gaap Proceeds From Convertible Debt
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us-gaap Goodwill And Intangible Asset Impairment
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us-gaap Goodwill And Intangible Asset Impairment
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CY2023Q2 us-gaap Product Warranty Expense
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CY2022Q2 us-gaap Product Warranty Expense
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22000 usd
us-gaap Product Warranty Expense
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104000 usd
CY2023Q2 us-gaap Cash
Cash
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CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
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us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q3 us-gaap Cash
Cash
5200000 usd
CY2023Q3 us-gaap Share Based Compensation
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5800000 usd
CY2023Q3 us-gaap Cash
Cash
5200000 usd
CY2023Q2 us-gaap Escrow Deposit
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450000 usd
CY2022Q4 us-gaap Proceeds From Issuance Of Common Stock
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CY2023Q2 us-gaap Inventory Raw Materials
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1027455 usd
CY2022Q4 us-gaap Inventory Raw Materials
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CY2023Q2 us-gaap Inventory Work In Process
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CY2022Q4 us-gaap Inventory Work In Process
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CY2023Q2 us-gaap Inventory Finished Goods
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CY2022Q4 us-gaap Inventory Finished Goods
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1563399 usd
CY2022Q4 us-gaap Inventory Net
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1586297 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
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5252230 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
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CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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4678583 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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4623446 usd
CY2023Q2 QLGN Fixed Asset Impairments
FixedAssetImpairments
-75000 usd
CY2022Q4 QLGN Fixed Asset Impairments
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-75000 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
498647 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
345087 usd
CY2023Q2 us-gaap Depreciation
Depreciation
19000 usd
CY2022Q2 us-gaap Depreciation
Depreciation
24000 usd
us-gaap Depreciation
Depreciation
37000 usd
us-gaap Depreciation
Depreciation
48000 usd
CY2023Q2 us-gaap Goodwill
Goodwill
625602 usd
CY2022Q4 us-gaap Goodwill
Goodwill
625602 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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764869 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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752237 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
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133070 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
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CY2023Q2 us-gaap Intangible Assets Net Excluding Goodwill
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5833070 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
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5845702 usd
CY2022 us-gaap Goodwill Impairment Loss
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4239000 usd
CY2023Q2 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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0 usd
CY2022Q2 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023Q2 QLGN Accrued Compensation
AccruedCompensation
84000 usd
CY2022Q4 QLGN Accrued Compensation
AccruedCompensation
70000 usd
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AccruedEquipmentHeldForLease
154433 usd
CY2023Q2 QLGN Accrued Franchise Sales And Use Taxes
AccruedFranchiseSalesAndUseTaxes
30407 usd
CY2022Q4 QLGN Accrued Franchise Sales And Use Taxes
AccruedFranchiseSalesAndUseTaxes
27531 usd
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
4663 usd
CY2023Q2 us-gaap Interest Payable Current
InterestPayableCurrent
50101 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
2829 usd
CY2023Q2 QLGN Accrued License Fees
AccruedLicenseFees
100026 usd
CY2022Q4 QLGN Accrued License Fees
AccruedLicenseFees
150130 usd
CY2023Q2 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
484048 usd
CY2022Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
209303 usd
CY2023Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
368032 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
238211 usd
CY2023Q2 QLGN Accrued Research And Development Current
AccruedResearchAndDevelopmentCurrent
523490 usd
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AccruedResearchAndDevelopmentCurrent
322987 usd
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16383 usd
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13158 usd
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ProductWarrantyAccrual
140370 usd
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ProductWarrantyAccrual
137568 usd
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176777 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
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181043 usd
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1980555 usd
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AccruedLiabilitiesCurrent
1511856 usd
CY2022Q4 QLGN Fair Value Adjustment Of Warrant
FairValueAdjustmentOfWarrant
3622647 usd
QLGN Change In Fair Value Of Warrant Liabilities
ChangeInFairValueOfWarrantLiabilities
-1478967 usd
CY2023Q2 QLGN Fair Value Adjustment Of Warrant
FairValueAdjustmentOfWarrant
2143680 usd
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DebtInstrumentInterestRateStatedPercentage
0.08 pure
CY2023Q1 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
841726 shares
CY2023Q1 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
1.32
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DebtInstrumentFaceAmount
1111078 usd
CY2023Q1 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
1100000 usd
CY2023Q2 QLGN Accrued Interest
AccruedInterest
383000 usd
QLGN Accrued Interest
AccruedInterest
945000 usd
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AmortizationOfDebtDiscountPremium
364000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
898000 usd
CY2023Q2 QLGN Fair Value Adjustments Of Warrant
FairValueAdjustmentsOfWarrant
2000000.0 usd
CY2023Q2 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
0 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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4565097 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1889121 shares
CY2021Q4 us-gaap Area Of Land
AreaOfLand
22624 sqft
CY2021Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P61M
CY2021Q4 us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
November 1, 2022 to November 30, 2027
CY2021Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P61M
CY2021Q4 us-gaap Payments For Rent
PaymentsForRent
1950710 usd
CY2021Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P61M
CY2021Q4 QLGN Tenant Improvement Allowance
TenantImprovementAllowance
339360 usd
CY2023Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
4565097 shares
CY2023Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
500000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y5M19D
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y3M18D
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.089 pure
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
184171 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
379392 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
390773 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
402497 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
379164 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1735997 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
310189 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1425808 usd
CY2023Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
114000 usd
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
119000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
230000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
233000 usd
CY2022Q2 us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
96558 usd
CY2023Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1111078 usd
CY2023Q1 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
841726 shares
CY2023Q1 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
1.32
CY2023Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
4565097 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.02 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0158 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0167 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2022Q2 us-gaap Share Price
SharePrice
1.05
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
906145 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2690447 usd
CY2021Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
60000 shares
CY2021Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
13.20
CY2021 QLGN Fair Value Of Issuance Cost
FairValueOfIssuanceCost
300000 usd
CY2020Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
219101 shares
CY2020Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
40.70
CY2023Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1111078 usd
CY2023Q1 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
841726 shares
CY2023Q1 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
1.32

Files In Submission

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qlgn-20230630_lab.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
qlgn-20230630_cal.xml Edgar Link unprocessable
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0001493152-23-028465-index.html Edgar Link pending
0001493152-23-028465.txt Edgar Link pending
0001493152-23-028465-xbrl.zip Edgar Link pending
ex10-1.htm Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
MetaLinks.json Edgar Link pending
qlgn-20230630.xsd Edgar Link pending
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qlgn-20230630_def.xml Edgar Link unprocessable
qlgn-20230630_pre.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
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