$QMCI
QUOTEMEDIA INC Stock $qmci

$qmci Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000165495424006072 Filed on May 13, 2024

Income Statement

Concept	2024 Q2	2024 Q1	2023 Q1
Revenue	$4.676M	$4.679M	$4.750M
YoY Change	-0.79%	-1.49%	11.4%
Cost Of Revenue	$2.431M	$2.342M	$2.320M
YoY Change	4.59%	0.96%	3.56%
Gross Profit	$2.244M	$2.337M	$2.430M
YoY Change	-6.02%	-3.83%	20.08%
Gross Profit Margin	48.0%	49.95%	51.16%
Selling, General & Admin	$1.718M	$1.586M	$1.677M
YoY Change	7.37%	-5.43%	22.87%
% of Gross Profit	76.54%	67.84%	68.99%
Research & Development	$787.1K	$803.3K	$630.1K
YoY Change	15.07%	27.5%	34.04%
% of Gross Profit	35.07%	34.37%	25.93%
Depreciation & Amortization	$752.1K	$728.7K	$628.0K
YoY Change	16.84%	16.03%	28.92%
% of Gross Profit	33.51%	31.18%	25.84%
Operating Expenses	$2.505M	$2.389M	$2.307M
YoY Change	9.68%	3.57%	25.73%
Operating Profit	-$260.4K	-$51.79K	$123.5K
YoY Change	-349.79%	-141.95%	-34.7%
Interest Expense	$419.00	-$953.00	-$9.450K
YoY Change	3.71%	-89.92%	-872.06%
% of Operating Profit			-7.65%
Other Income/Expense, Net	$9.996K	$24.35K	-$9.453K
YoY Change	-132.8%	-357.63%	-157.76%
Pretax Income	-$250.4K	-$27.44K	$114.0K
YoY Change	-439.41%	-124.06%	-44.5%
Income Tax	-$730.00	-$738.00	-$730.00
% Of Pretax Income			-0.64%
Net Earnings	-$251.2K	-$28.18K	$113.3K
YoY Change	-443.9%	-124.87%	-44.65%
Net Earnings / Revenue	-5.37%	-0.6%	2.39%
Basic Earnings Per Share	$0.00	$0.00	$0.00
Diluted Earnings Per Share	$0.00	$0.00	$0.00
COMMON SHARES
Basic Shares Outstanding	90.48M shares	90.48M shares	90.48M shares
Diluted Shares Outstanding	90.48M shares	90.48M shares	120.7M shares

Balance Sheet

Concept	2024 Q2	2024 Q1	2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$232.7K	$244.3K	$675.1K
YoY Change	-68.55%	-63.81%	70.67%
Cash & Equivalents	$232.7K	$244.3K	$675.1K
Short-Term Investments
Other Short-Term Assets	$132.2K	$118.5K	$52.20K
YoY Change	23.69%	126.94%	-77.59%
Inventory
Prepaid Expenses	$218.6K	$218.2K	$255.7K
Receivables	$1.250M	$1.287M	$846.9K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$1.834M	$1.868M	$1.830M
YoY Change	-5.95%	2.06%	25.0%
LONG-TERM ASSETS
Property, Plant & Equipment	$261.6K	$277.6K	$4.378M
YoY Change	-94.26%	-93.66%	0.19%
Goodwill	$110.0K	$110.0K	$110.0K
YoY Change	0.0%	0.0%
Intangibles	$56.57K	$59.17K	$71.59K
YoY Change	-18.73%	-17.35%
Long-Term Investments
YoY Change
Other Assets	$16.40K	$16.56K	$20.04K
YoY Change	6.84%	-17.37%	23.7%
Total Long-Term Assets	$5.570M	$5.487M	$5.039M
YoY Change	7.95%	8.9%	10.53%
TOTAL ASSETS
Total Short-Term Assets	$1.834M	$1.868M	$1.830M
Total Long-Term Assets	$5.570M	$5.487M	$5.039M
Total Assets	$7.404M	$7.355M	$6.869M
YoY Change	4.14%	7.08%	14.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.532M	$2.523M	$2.369M
YoY Change	16.4%	6.48%	-0.16%
Accrued Expenses	$204.7K	$204.5K	$172.0K
YoY Change	18.19%	18.89%	-7.34%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$4.602M	$4.233M	$3.637M
YoY Change	18.64%	16.41%	3.5%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$611.6K	$707.5K
YoY Change	-100.0%	-13.56%
Other Long-Term Liabilities	$343.6K	$414.3K	$656.0K
YoY Change	-34.18%	-36.85%	33.58%
Total Long-Term Liabilities	$343.6K	$1.026M	$1.364M
YoY Change	-73.35%	-24.76%	177.64%
TOTAL LIABILITIES
Total Short-Term Liabilities	$4.602M	$4.233M	$3.637M
Total Long-Term Liabilities	$343.6K	$1.026M	$1.364M
Total Liabilities	$4.946M	$5.259M	$5.000M
YoY Change	-4.3%	5.18%	24.86%
SHAREHOLDERS EQUITY
Retained Earnings	-$20.14M	-$19.89M	-$20.11M
YoY Change	0.52%	-1.09%	-2.85%
Common Stock	$90.48K	$90.48K	$90.48K
YoY Change	0.0%	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$2.458M	-$888.1K	-$1.115M
YoY Change
Total Liabilities & Shareholders Equity	$7.404M	$7.355M	$6.869M
YoY Change	4.14%	7.08%	14.05%

Cashflow Statement

Concept	2024 Q2	2024 Q1	2023 Q1
OPERATING ACTIVITIES
Net Income	-$251.2K	-$28.18K	$113.3K
YoY Change	-443.9%	-124.87%	-44.65%
Depreciation, Depletion And Amortization	$752.1K	$728.7K	$628.0K
YoY Change	16.84%	16.03%	28.92%
Cash From Operating Activities	$874.4K	$727.7K	$992.4K
YoY Change	-0.88%	-26.67%	31.08%
INVESTING ACTIVITIES
Capital Expenditures	$886.0K	$10.09K	$28.79K
YoY Change	8.42%	-64.95%	115.24%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$886.0K	-$825.4K	-$795.3K
YoY Change	8.42%	3.79%	28.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities			$0.00
YoY Change			-100.0%
NET CHANGE
Cash From Operating Activities	874.4K	$727.7K	$992.4K
Cash From Investing Activities	-886.0K	-$825.4K	-$795.3K
Cash From Financing Activities			$0.00
Net Change In Cash	-11.55K	-$97.74K	$197.1K
YoY Change	-117.76%	-149.59%	44.02%
FREE CASH FLOW
Cash From Operating Activities	$874.4K	$727.7K	$992.4K
Capital Expenditures	$886.0K	$10.09K	$28.79K
Free Cash Flow	-$11.55K	$717.6K	$963.6K
YoY Change	-117.76%	-25.53%	29.57%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q1	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	1505807	usd
CY2023Q1	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	1095103	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	-888057	usd
CY2024Q1	qmci	Long Term Portion Of Operating Lease Liability LongTermPortionOfOperatingLeaseLiability	137841	usd
CY2024Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	342373	usd
CY2024Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	808354	usd
CY2023Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	852514	usd
CY2023Q1	us-gaap	Deferred Revenue Additions DeferredRevenueAdditions	866786	usd
CY2023Q1	us-gaap	Deferred Revenue DeferredRevenue	1469261	usd
CY2023Q1	us-gaap	Operating Lease Initial Direct Cost Expense Over Term OperatingLeaseInitialDirectCostExpenseOverTerm	58427	usd
CY2023Q1	us-gaap	Short Term Lease Cost ShortTermLeaseCost	26987	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-730	usd
CY2024Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001101433
CY2024Q1	dei	Amendment Flag AmendmentFlag	false
CY2024Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2024Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2024Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
CY2024Q1	dei	Security12b Title Security12bTitle	Common stock, par value $.001 per share
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	150000000	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	90477798	shares
CY2024Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	90477798	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	90477798	shares
CY2023Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2023Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2023Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	123685	shares
CY2023Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	123685	shares
CY2024Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	123685	shares
CY2023Q4	qmci	Convertible Preferred Stock Designated ConvertiblePreferredStockDesignated	550000	shares
CY2024Q1	dei	Document Type DocumentType	10-Q
CY2024Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2024Q1	dei	Document Period End Date DocumentPeriodEndDate	2024-03-31
CY2024Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2024Q1	dei	Entity File Number EntityFileNumber	0-28599
CY2024Q1	dei	Entity Registrant Name EntityRegistrantName	QuoteMedia, Inc.
CY2024Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NV
CY2024Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	91-2008633
CY2024Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	17100 East Shea Boulevard
CY2024Q1	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 230
CY2024Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Fountain Hills
CY2024Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	AZ
CY2024Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	85268
CY2024Q1	dei	City Area Code CityAreaCode	602
CY2024Q1	dei	Local Phone Number LocalPhoneNumber	830-1443
CY2024Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2024Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2024Q1	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2024Q1	dei	Entity Small Business EntitySmallBusiness	true
CY2024Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2024Q1	dei	Entity Shell Company EntityShellCompany	false
CY2024Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	90477798	shares
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	244277	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	342014	usd
CY2024Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	1286609	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	1154787	usd
CY2024Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	218199	usd
CY2023Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	133478	usd
CY2024Q1	us-gaap	Other Assets Current OtherAssetsCurrent	118451	usd
CY2023Q4	us-gaap	Other Assets Current OtherAssetsCurrent	104931	usd
CY2024Q1	us-gaap	Assets Current AssetsCurrent	1867536	usd
CY2023Q4	us-gaap	Assets Current AssetsCurrent	1735210	usd
CY2024Q1	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	16558	usd
CY2023Q4	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	16850	usd
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	277590	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	302224	usd
CY2024Q1	us-gaap	Capitalized Computer Software Net CapitalizedComputerSoftwareNet	4680740	usd
CY2023Q4	us-gaap	Capitalized Computer Software Net CapitalizedComputerSoftwareNet	4552910	usd
CY2024Q1	us-gaap	Goodwill Goodwill	110000	usd
CY2023Q4	us-gaap	Goodwill Goodwill	110000	usd
CY2024Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	59166	usd
CY2023Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	65636	usd
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	343369	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	393472	usd
CY2024Q1	us-gaap	Assets Assets	7354959	usd
CY2023Q4	us-gaap	Assets Assets	7176302	usd
CY2024Q1	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	2522960	usd
CY2023Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	2210933	usd
CY2024Q1	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	1505807	usd
CY2023Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	1456381	usd
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	204532	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	206146	usd
CY2024Q1	us-gaap	Liabilities Current LiabilitiesCurrent	4233299	usd
CY2023Q4	us-gaap	Liabilities Current LiabilitiesCurrent	3873460	usd
CY2024Q1	us-gaap	Deferred Revenue Noncurrent DeferredRevenueNoncurrent	276456	usd
CY2023Q4	us-gaap	Deferred Revenue Noncurrent DeferredRevenueNoncurrent	375568	usd
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	137841	usd
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	191735	usd
CY2024Q1	qmci	Preferred Stock Warrant Liability PreferredStockWarrantLiability	611563	usd
CY2023Q4	qmci	Preferred Stock Warrant Liability PreferredStockWarrantLiability	611563	usd
CY2024Q1	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	1025860	usd
CY2023Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	1178866	usd
CY2024Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2024Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2024Q1	qmci	Convertible Preferred Stock Designated ConvertiblePreferredStockDesignated	550000	shares
CY2024Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	123685	shares
CY2024Q1	us-gaap	Preferred Stock Value PreferredStockValue	2983857	usd
CY2023Q4	us-gaap	Preferred Stock Value PreferredStockValue	2983857	usd
CY2024Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2024Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	150000000	shares
CY2024Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	90477798	shares
CY2024Q1	us-gaap	Common Stock Value CommonStockValue	90479	usd
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	90479	usd
CY2024Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	18910482	usd
CY2023Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	18910482	usd
CY2024Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-19889018	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-19860842	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	-859881	usd
CY2024Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	7354959	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	7176302	usd
CY2024Q1	us-gaap	Revenues Revenues	4679200	usd
CY2023Q1	us-gaap	Revenues Revenues	4750048	usd
CY2024Q1	us-gaap	Cost Of Revenue CostOfRevenue	2342114	usd
CY2023Q1	us-gaap	Cost Of Revenue CostOfRevenue	2319935	usd
CY2024Q1	us-gaap	Gross Profit GrossProfit	2337086	usd
CY2023Q1	us-gaap	Gross Profit GrossProfit	2430113	usd
CY2024Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	777202	usd
CY2023Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	824053	usd
CY2024Q1	us-gaap	Research And Development Expense Software Excluding Acquired In Process Cost ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost	803322	usd
CY2023Q1	us-gaap	Research And Development Expense Software Excluding Acquired In Process Cost ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost	630073	usd
CY2024Q1	us-gaap	Operating Expenses OperatingExpenses	2388878	usd
CY2023Q1	us-gaap	Operating Expenses OperatingExpenses	2306640	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-51792	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	123473	usd
CY2024Q1	us-gaap	Foreign Currency Transaction Gain Loss Realized ForeignCurrencyTransactionGainLossRealized	25307	usd
CY2023Q1	us-gaap	Foreign Currency Transaction Gain Loss Realized ForeignCurrencyTransactionGainLossRealized	-8001	usd
CY2024Q1	us-gaap	Interest Expense InterestExpense	-953	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	-1452	usd
CY2024Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	24354	usd
CY2023Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-9453	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-27438	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	114020	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-738	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-28176	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	113290	usd
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.00
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.00
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.00
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.00
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	90477798	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	90477798	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	90477798	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	120743864	shares
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	-859881	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-28176	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	-888057	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	-1228675	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	113290	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	-1115385	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	-28176	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	113290	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	728678	usd
CY2023Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	627987	usd
CY2024Q1	qmci	Allowance For Doubtful Accounts AllowanceForDoubtfulAccounts	225000	usd
CY2023Q1	qmci	Allowance For Doubtful Accounts AllowanceForDoubtfulAccounts	200000	usd
CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	0	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	78125	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-356822	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-136666	usd
CY2024Q1	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-84721	usd
CY2023Q1	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-23958	usd
CY2024Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-13520	usd
CY2023Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-23104	usd
CY2024Q1	us-gaap	Increase Decrease In Deposits IncreaseDecreaseInDeposits	292	usd
CY2023Q1	us-gaap	Increase Decrease In Deposits IncreaseDecreaseInDeposits	-5042	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	306622	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-140666	usd
CY2024Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-49686	usd
CY2023Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	302413	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	727667	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	992379	usd
CY2024Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	10089	usd
CY2023Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	28786	usd
CY2024Q1	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	815315	usd
CY2023Q1	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	766515	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-825404	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-795301	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-97737	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	197078	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	342014	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	477987	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	244277	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	675065	usd
CY2024Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	225000	usd
CY2024Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	13329	usd
CY2023Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-64093	usd
CY2024Q1	us-gaap	Revenues Revenues	4679200	usd
CY2023Q1	us-gaap	Revenues Revenues	4750048	usd
CY2024Q1	qmci	Deferred Revenue At Beginning Balance DeferredRevenueAtBeginningBalance	1831949	usd
CY2023Q1	qmci	Deferred Revenue At Beginning Balance DeferredRevenueAtBeginningBalance	1166848	usd
CY2024Q1	us-gaap	Deferred Revenue Revenue Recognized1 DeferredRevenueRevenueRecognized1	681276	usd
CY2023Q1	us-gaap	Deferred Revenue Revenue Recognized1 DeferredRevenueRevenueRecognized1	565370	usd
CY2024Q1	us-gaap	Deferred Revenue Additions DeferredRevenueAdditions	624920	usd
CY2024Q1	us-gaap	Foreign Currency Transaction Gain Loss Unrealized ForeignCurrencyTransactionGainLossUnrealized	6670	usd
CY2023Q1	us-gaap	Foreign Currency Transaction Gain Loss Unrealized ForeignCurrencyTransactionGainLossUnrealized	997	usd
CY2024Q1	qmci	Deferred Revenue At Ending Balance DeferredRevenueAtEndingBalance	1782263	usd
CY2023Q1	qmci	Deferred Revenue At Ending Balance DeferredRevenueAtEndingBalance	1469261	usd
CY2024Q1	us-gaap	Deferred Revenue Noncurrent DeferredRevenueNoncurrent	276456	usd
CY2023Q1	us-gaap	Deferred Revenue Noncurrent DeferredRevenueNoncurrent	374158	usd
CY2024Q1	us-gaap	Deferred Revenue DeferredRevenue	1782263	usd
CY2024Q1	us-gaap	Lessee Operating Lease Description LesseeOperatingLeaseDescription	1 year to 3 years
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	343369	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	393472	usd
CY2024Q1	qmci	Current Portion Of Operating Lease Liability CurrentPortionOfOperatingLeaseLiability	204532	usd
CY2023Q4	qmci	Current Portion Of Operating Lease Liability CurrentPortionOfOperatingLeaseLiability	206146	usd
CY2023Q4	qmci	Long Term Portion Of Operating Lease Liability LongTermPortionOfOperatingLeaseLiability	191735	usd
CY2023Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	397881	usd
CY2024Q1	qmci	Operating Lease Weighted Average Remaining Lease Term OperatingLeaseWeightedAverageRemainingLeaseTerm	P1Y8M12D
CY2023	qmci	Operating Lease Weighted Average Remaining Lease Term OperatingLeaseWeightedAverageRemainingLeaseTerm	P1Y10M24D
CY2024Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.095	pure
CY2023Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.095	pure
CY2024Q1	us-gaap	Lessor Operating Lease Payments To Be Received Next Twelve Months LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths	173176	usd
CY2024Q1	us-gaap	Lessor Operating Lease Payments To Be Received Two Years LessorOperatingLeasePaymentsToBeReceivedTwoYears	164773	usd
CY2024Q1	us-gaap	Lessor Operating Lease Payments To Be Received Three Years LessorOperatingLeasePaymentsToBeReceivedThreeYears	34074	usd
CY2024Q1	us-gaap	Lessor Operating Lease Payments To Be Received LessorOperatingLeasePaymentsToBeReceived	372023	usd
CY2024Q1	qmci	Less Imputed Interest Operating LessImputedInterestOperating	-29650	usd
CY2024Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	342373	usd
CY2024Q1	us-gaap	Operating Lease Initial Direct Cost Expense Over Term OperatingLeaseInitialDirectCostExpenseOverTerm	59041	usd
CY2024Q1	us-gaap	Short Term Lease Cost ShortTermLeaseCost	27336	usd
CY2024Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	86377	usd
CY2023Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	85414	usd
CY2024Q1	qmci	Operating Cash Flows From Operating Leases OperatingCashFlowsFromOperatingLeases	57814	usd
CY2023Q1	qmci	Operating Cash Flows From Operating Leases OperatingCashFlowsFromOperatingLeases	56719	usd
CY2024Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2024Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	0	usd
CY2023Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	4239	usd
CY2024Q1	qmci	Expected Time To Expiration Years ExpectedTimeToExpirationYears	P24Y18D
CY2023	qmci	Expected Time To Expiration Years ExpectedTimeToExpirationYears	P24Y18D
CY2024Q1	qmci	Stock Price On Valuation Date StockPriceOnValuationDate	0.23
CY2023	qmci	Stock Price On Valuation Date StockPriceOnValuationDate	0.23
CY2024Q1	qmci	Five Year Peer Volatility FiveYearPeerVolatility	0.4735	pure
CY2023	qmci	Five Year Peer Volatility FiveYearPeerVolatility	0.4735	pure
CY2024Q1	qmci	Cash Flow Discount Rate CashFlowDiscountRate	0.1586	pure
CY2023	qmci	Cash Flow Discount Rate CashFlowDiscountRate	0.1586	pure
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-28176	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	113290	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	90477798	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	90477798	shares
CY2024Q1	qmci	Warrants To Purchase Redeemable Convertible Preferred Stock WarrantsToPurchaseRedeemableConvertiblePreferredStock	0	usd
CY2023Q1	qmci	Warrants To Purchase Redeemable Convertible Preferred Stock WarrantsToPurchaseRedeemableConvertiblePreferredStock	2499900	usd
CY2024Q1	qmci	Redeemable Convertible Preferred Stock RedeemableConvertiblePreferredStock	0	usd
CY2023Q1	qmci	Redeemable Convertible Preferred Stock RedeemableConvertiblePreferredStock	10306671	usd
CY2023Q1	qmci	Stock Options And Warrants To Purchase Common Stock StockOptionsAndWarrantsToPurchaseCommonStock	17459495	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	90477798	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	120743864	shares
CY2024Q1	qmci	Earningspersharebasic Earningspersharebasic	-0.00
CY2023Q1	qmci	Earningspersharebasic Earningspersharebasic	0.00
CY2024Q1	qmci	Earningspersharediluted Earningspersharediluted	-0.00
CY2023Q1	qmci	Earningspersharediluted Earningspersharediluted	0.00
CY2024Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	29527212	shares

Files In Submission

Name	View Source	Status
0001654954-24-006072-index-headers.html	Edgar Link	pending
0001654954-24-006072-index.html	Edgar Link	pending
0001654954-24-006072.txt	Edgar Link	pending
0001654954-24-006072-xbrl.zip	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
qmci-20240331.xsd	Edgar Link	pending
qmci_10q.htm	Edgar Link	pending
qmci_ex311.htm	Edgar Link	pending
qmci_ex312.htm	Edgar Link	pending
qmci_ex321.htm	Edgar Link	pending
qmci_ex322.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
qmci-20240331_cal.xml	Edgar Link	unprocessable
qmci-20240331_def.xml	Edgar Link	unprocessable
qmci-20240331_lab.xml	Edgar Link	unprocessable
qmci-20240331_pre.xml	Edgar Link	unprocessable
qmci_10q_htm.xml	Edgar Link	completed
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable

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$QMCI
QUOTEMEDIA INC Stock $qmci

2024 Q2 Form 10-Q Financial Statement

#000165495424006072 Filed on May 13, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$QMCI QUOTEMEDIA INC Stock $qmci

2024 Q2 Form 10-Q Financial Statement

#000165495424006072 Filed on May 13, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$QMCI
QUOTEMEDIA INC Stock $qmci