2023 Q4 Form 10-Q Financial Statement

#000121390023086173 Filed on November 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $12.70M $250.0K $275.0K
YoY Change 23336.06% -9.09%
Cost Of Revenue $56.00K $33.00K
YoY Change 69.7%
Gross Profit -$77.76K $127.6K
YoY Change -160.94% -2290.68%
Gross Profit Margin -31.1% 46.4%
Selling, General & Admin $518.5K $598.3K $476.8K
YoY Change 135.97% 25.48% 31.21%
% of Gross Profit 373.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $195.3K $202.5K $198.3K
YoY Change -1.62% 2.14% 43.01%
% of Gross Profit 155.37%
Operating Expenses $714.5K $598.3K $476.8K
YoY Change 71.04% 25.48% 31.21%
Operating Profit -$676.1K -$349.2K
YoY Change 93.6% -5.42%
Interest Expense -$472.3K -$157.2K $452.9K
YoY Change 700.19% -134.72% -193.35%
% of Operating Profit
Other Income/Expense, Net -$157.2K $452.9K
YoY Change -134.72% -73.76%
Pretax Income $6.592M -$833.3K $103.7K
YoY Change -1448.75% -903.83% -88.11%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $6.592M -$833.3K $103.7K
YoY Change -1488.93% -903.83% -88.11%
Net Earnings / Revenue 51.9% -333.31% 37.7%
Basic Earnings Per Share -$0.16 $0.02
Diluted Earnings Per Share $1.24 -$0.16 $0.02
COMMON SHARES
Basic Shares Outstanding 5.332M shares 5.332M shares 5.332M shares
Diluted Shares Outstanding 5.332M shares 5.333M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $563.5K $611.5K $75.97K
YoY Change 521.94% 704.88% -64.48%
Cash & Equivalents $563.5K $611.5K $75.97K
Short-Term Investments
Other Short-Term Assets $28.12K $63.07K $13.09K
YoY Change 428.47% 381.72% -15.7%
Inventory
Prepaid Expenses
Receivables $3.008M $215.6K
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.600M $674.5K $304.6K
YoY Change 3652.9% 121.43% 32.4%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles $3.675M $3.870M $1.330M
YoY Change 224.85% 191.04%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $3.675M $3.870M $1.330M
YoY Change 224.85% 191.04% -25.56%
TOTAL ASSETS
Total Short-Term Assets $3.600M $674.5K $304.6K
Total Long-Term Assets $3.675M $3.870M $1.330M
Total Assets $7.274M $4.544M $1.634M
YoY Change 492.83% 178.07% -18.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $296.5K $283.3K $193.1K
YoY Change 99.65% 46.66% 71.99%
Accrued Expenses $1.097M $1.469M $787.7K
YoY Change 21.27% 86.49% 90.35%
Deferred Revenue
YoY Change
Short-Term Debt $7.464M $10.96M $5.422M
YoY Change 33.49% 102.12% 64.89%
Long-Term Debt Due $2.797M $2.797M $2.804M
YoY Change 0.0% -0.25% -0.05%
Total Short-Term Liabilities $11.94M $15.81M $9.410M
YoY Change 24.5% 67.98% -10.22%
LONG-TERM LIABILITIES
Long-Term Debt $150.0K $150.0K $147.6K
YoY Change 0.0% 1.63% -1.6%
Other Long-Term Liabilities $53.67K $53.67K $190.0K
YoY Change 0.0% -71.75% 0.0%
Total Long-Term Liabilities $203.7K $203.7K $337.6K
YoY Change 0.0% -39.67% -0.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.94M $15.81M $9.410M
Total Long-Term Liabilities $203.7K $203.7K $337.6K
Total Liabilities $12.14M $16.01M $9.748M
YoY Change 24.0% 64.25% -9.92%
SHAREHOLDERS EQUITY
Retained Earnings -$22.54M -$29.13M -$25.71M
YoY Change -13.94% 13.29%
Common Stock $160.00 $160.00 $160.00
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$4.865M -$11.47M -$8.114M
YoY Change
Total Liabilities & Shareholders Equity $7.274M $4.544M $1.634M
YoY Change 492.83% 178.07% -18.94%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income $6.592M -$833.3K $103.7K
YoY Change -1488.93% -903.83% -88.11%
Depreciation, Depletion And Amortization $195.3K $202.5K $198.3K
YoY Change -1.62% 2.14% 43.01%
Cash From Operating Activities $3.447M -$418.5K -$260.2K
YoY Change -2394.86% 60.86% 77.18%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $30.00K -$442.0K
YoY Change -106.79%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 -$30.00K -$442.0K
YoY Change -93.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.495M 931.5K 550.0K
YoY Change -2220.29% 69.36% 175.0%
NET CHANGE
Cash From Operating Activities 3.447M -418.5K -260.2K
Cash From Investing Activities 0.000 -30.00K -442.0K
Cash From Financing Activities -3.495M 931.5K 550.0K
Net Change In Cash -47.98K 483.0K -152.2K
YoY Change -427.96% -417.35% -386.34%
FREE CASH FLOW
Cash From Operating Activities $3.447M -$418.5K -$260.2K
Capital Expenditures $0.00 $30.00K -$442.0K
Free Cash Flow $3.447M -$448.5K $181.8K
YoY Change -2394.86% -346.7% -223.81%

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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
90601 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
264840 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
611466 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
75968 usd
qprc Interest Added To Principal
InterestAddedToPrincipal
4208 usd
qprc Interest Added To Principal
InterestAddedToPrincipal
4208 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
30000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
12884 usd
us-gaap Interest Paid Net
InterestPaidNet
6579 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
30000 usd
CY2022Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
12884 usd
CY2022Q3 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
effected a one-for-100 reverse split
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Use of Estimates</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In preparing financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenue and expenses during the reporting period. Actual results could differ from those estimates.</p>
us-gaap Revenue Recognition Allowances
RevenueRecognitionAllowances
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Revenue Recognition</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Patent Licensing Fees</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company recognizes revenue in accordance with ASC Topic 606, “Revenue from Contracts with Customers”. Revenue is recognized when control of the promised goods or services is transferred to customers at an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. Under Topic 606, revenue is recognized when there is a contract which has commercial substance which is approved by both parties and identifies the rights of the parties and the payment terms.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the periods presented, revenue contracts executed by the Company primarily provided for the payment of contractually determined, one-time, paid-up license fees in consideration for the grant of certain intellectual property rights for patented technologies owned or controlled by the Company’s operating subsidiaries as part of the settlement of litigation commenced by the Company’s subsidiaries. Intellectual property rights granted included the following, as applicable: (i) the grant of a non-exclusive, retroactive and future license to manufacture and/or sell products covered by patented technologies, (ii) a covenant-not-to-sue, (iii) the release of the licensee from certain claims, and (iv) the dismissal of any pending litigation. The intellectual property rights granted were perpetual in nature, extending until the legal expiration date of the related patents. The individual intellectual property rights are not accounted for as separate performance obligations, as (a) the nature of the promise, within the context of the contract, is to transfer combined items to which the promised intellectual property rights are inputs and (b) the Company’s promise to transfer each individual intellectual property right described above to the customer is not separately identifiable from other promises to transfer intellectual property rights in the contract.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Since the promised intellectual property rights are not individually distinct, the Company combined each individual IP right in the contract into a bundle of IP rights that is distinct, and accounted for all of the intellectual property rights promised in the contract as a single performance obligation. The intellectual property rights granted were “functional IP rights” that have significant standalone functionality. The Company’s subsequent activities do not substantively change that functionality and do not significantly affect the utility of the IP to which the licensee has rights. The Company’s subsidiaries have no further obligation with respect to the grant of intellectual property rights, including no express or implied obligation to maintain or upgrade the technology, or provide future support or services. The contracts provide for the grant (i.e., transfer of control) of the licenses, covenants-not-to-sue, releases, and other significant deliverables upon execution of the contract. Licensees legally obtain control of the intellectual property rights upon execution of the contract. As such, the earnings process is complete and revenue is recognized upon the execution of the contract, when collectability is probable and all other revenue recognition criteria have been met. Revenue contracts generally provide for payment of contractual amounts within 30 to 90 days of execution of the contract. Contractual payments made by licensees are generally non-refundable. The Company does not have any significant payment terms, as payment is received shortly after goods are delivered or services are provided, therefore there is no significant financing component or consideration payable to the customer in these transactions.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i> </i></p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Concentration of Credit Risk</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company maintains its cash in bank deposit accounts, which at times, may exceed federally insured limits. The Company has not experienced any such losses in these accounts.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
qprc Warrants Granted
WarrantsGranted
962463 shares
qprc Purchase Agreement Stock Options
PurchaseAgreementStockOptions
500000 shares
qprc Stock Options Granted To Officers And Consultant
StockOptionsGrantedToOfficersAndConsultant
600000 shares
CY2023Q3 us-gaap Retained Earnings Appropriated
RetainedEarningsAppropriated
29132000 usd
qprc Negative Working Capital
NegativeWorkingCapital
15133000 usd
CY2023Q3 us-gaap Loans Payable Current
LoansPayableCurrent
138000 usd
CY2022Q4 us-gaap Loans Payable Current
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138000 usd
CY2023Q3 qprc Funding Liability Qfl
FundingLiabilityQFL
5520588 usd
CY2022Q4 qprc Funding Liability Qfl
FundingLiabilityQFL
5453204 usd
CY2023Q3 qprc Funding Liability Qf3
FundingLiabilityQF3
5300000 usd
CY2023Q3 qprc Net Funding Liabilities
NetFundingLiabilities
10820588 usd
CY2022Q4 qprc Net Funding Liabilities
NetFundingLiabilities
5453204 usd
CY2023Q3 us-gaap Obligation With Joint And Several Liability Arrangement Amount Outstanding
ObligationWithJointAndSeveralLiabilityArrangementAmountOutstanding
5520588 usd
CY2022Q4 us-gaap Obligation With Joint And Several Liability Arrangement Amount Outstanding
ObligationWithJointAndSeveralLiabilityArrangementAmountOutstanding
5453204 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
882000 usd
us-gaap Debt Instrument Repaid Principal
DebtInstrumentRepaidPrincipal
133000 usd
CY2023Q3 us-gaap Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
961000 usd
CY2022Q4 us-gaap Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
600000 usd
CY2023Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
962463 shares
CY2023Q3 us-gaap Short Term Debt Percentage Bearing Variable Interest Rate
ShortTermDebtPercentageBearingVariableInterestRate
0.10 pure
CY2022Q2 qprc Purchase Agreement
PurchaseAgreement
92000 usd
CY2022Q3 qprc Purchase Price Percentage
PurchasePricePercentage
0.50 pure
CY2022Q3 us-gaap Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
350000 usd
CY2022Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
35000 usd
CY2023Q3 qprc Operating Capital Advance
OperatingCapitalAdvance
0 usd
qprc Operating Capital Advance
OperatingCapitalAdvance
200000 usd
CY2022Q3 qprc Operating Capital Advance
OperatingCapitalAdvance
200000 usd
qprc Operating Capital Advance
OperatingCapitalAdvance
600000 usd
CY2022Q3 qprc Funding Liability
fundingLiability
190000 usd
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
4000000 usd
qprc Requested And Received
RequestedAndReceived
2000000 usd
us-gaap Payments For Restructuring
PaymentsForRestructuring
3300000 usd
us-gaap Payments For Previous Acquisition
PaymentsForPreviousAcquisition
25000000 usd
CY2023Q1 qprc Proceeds From Finance
ProceedsFromFinance
3300000 usd
CY2023Q3 us-gaap Notes And Loans Payable Current
NotesAndLoansPayableCurrent
2796500 usd
CY2022Q4 us-gaap Notes And Loans Payable Current
NotesAndLoansPayableCurrent
2796500 usd
CY2015Q4 qprc Purchase Agreement
PurchaseAgreement
4672810 usd
us-gaap Notes Issued1
NotesIssued1
250000 usd
qprc Loss On Debt Conversion
LossOnDebtConversion
305556 usd
qprc Asset Acquired Description
AssetAcquiredDescription
Pursuant to the MPA-NA, until the TMPO has been paid in full, Intelligent Partners is entitled to receive 10% of the net proceeds realized from new assets acquired by the Company. If, in any calendar quarter, net proceeds realized exceed $1,000,000, Intelligent Partners’ entitlement for that quarter only shall increase to 30% on the portion of net proceeds in excess of $1,000,000 but less than $3,000,000. If in the same calendar quarter, net proceeds exceed $3,000,000, Intelligent Partners’ entitlement for that quarter only shall increase to 50% on the portion of net proceeds in excess of $3,000,000.
qprc Payments For Loan
PaymentsForLoan
275000 usd
qprc Obligation Excess
ObligationExcess
1000000 usd
us-gaap Derivative Maturity Dates
DerivativeMaturityDates
2050-05-14
qprc Deducted Loan Amount
DeductedLoanAmount
100 usd
qprc Loan Origination Cost
loanOriginationCost
1000 usd
us-gaap Payments For Proceeds From Previous Acquisition
PaymentsForProceedsFromPreviousAcquisition
53665 usd
CY2022 us-gaap Payments For Proceeds From Previous Acquisition
PaymentsForProceedsFromPreviousAcquisition
53665 usd
CY2020Q2 qprc Acquisition Funding
AcquisitionFunding
95000 usd
qprc Funder Received
FunderReceived
53665 usd
CY2021Q1 us-gaap Shares Issued
SharesIssued
962463 shares
CY2021Q1 qprc Warrant Yield Percentage
WarrantYieldPercentage
0.10 pure
CY2021Q1 qprc Aggregate Number Of Outstanding Shares
AggregateNumberOfOutstandingShares
0.10 pure
CY2023Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
300000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
145000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
3.96 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
3.74 pure
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
0.54
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
0.54
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0137 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0137 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y4M24D
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P8Y1M6D
CY2022Q4 qprc Warrant Liability
WarrantLiability
145428 usd
CY2023Q1 qprc Gain On Subsequent Measurement
GainOnSubsequentMeasurement
8566 usd
CY2023Q1 qprc Warrant Liability
WarrantLiability
153994 usd
CY2023Q2 qprc Gain On Subsequent Measurement
GainOnSubsequentMeasurement
205486 usd
CY2023Q2 qprc Warrant Liability
WarrantLiability
359480 usd
CY2023Q3 qprc Gain On Subsequent Measurementin Dollars
GainOnSubsequentMeasurementinDollars
-59480 usd
CY2023Q3 qprc Warrant Liability
WarrantLiability
300000 usd
CY2021Q4 qprc Warrant Liability
WarrantLiability
1636187 usd
CY2022Q1 qprc Gain On Subsequent Measurementin Dollars
GainOnSubsequentMeasurementinDollars
-471607 usd
CY2022Q1 qprc Warrant Liability
WarrantLiability
1164580 usd
CY2022Q2 qprc Gain On Subsequent Measurementin Dollars
GainOnSubsequentMeasurementinDollars
-394610 usd
CY2022Q2 qprc Warrant Liability
WarrantLiability
769970 usd
CY2022Q3 qprc Gain On Subsequent Measurementin Dollars
GainOnSubsequentMeasurementinDollars
-565928 usd
CY2022Q3 qprc Warrant Liability
WarrantLiability
204042 usd
CY2022Q3 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
effected a one-for-100 reverse split
CY2022Q3 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
0.01 shares
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-2217106 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-1625846 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3869894 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1131154 usd
qprc Weighted Average Amortization Period Years
WeightedAverageAmortizationPeriodYears
P5Y8M8D
CY2022 qprc Weighted Average Amortization Period Years
WeightedAverageAmortizationPeriodYears
P2Y5M23D
CY2020Q2 qprc Purchase Price
PurchasePrice
95000 usd
CY2020Q2 qprc Net Proceeds
NetProceeds
230000 usd
CY2020Q2 qprc Net Proceeds Percentage
NetProceedsPercentage
0.50 pure
CY2021Q1 qprc Purchase Price
PurchasePrice
350000 usd
CY2021Q1 qprc Gross Proceeds
GrossProceeds
350000 usd
CY2021Q1 qprc Aggregate Amount
AggregateAmount
93900 usd
CY2021Q2 qprc Purchase Price
PurchasePrice
250000 usd
CY2021Q4 qprc Purchase Price
PurchasePrice
550000 usd
CY2021Q4 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P11Y
CY2022Q1 qprc Purchase Price
PurchasePrice
1060000 usd
CY2022Q3 qprc Purchase Price
PurchasePrice
92000 usd
CY2023Q1 qprc Purchase Price
PurchasePrice
3300000 usd
CY2023Q3 qprc Purchase Price
PurchasePrice
30000 usd
CY2023Q3 us-gaap Adjustment For Amortization
AdjustmentForAmortization
203000 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
591000 usd
CY2022Q3 us-gaap Adjustment For Amortization
AdjustmentForAmortization
198000 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
712000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
195291 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
636353 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
540589 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
500064 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
464786 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingAfterYearFive
1532810 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3869894 usd
CY2023Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
56000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
118000 usd
CY2022Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
33000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
61000 usd
CY2016Q3 qprc Annual Bonus Compensation Equal Percentage
AnnualBonusCompensationEqualPercentage
0.30 pure
CY2016Q3 us-gaap Income Loss From Subsidiaries Before Tax
IncomeLossFromSubsidiariesBeforeTax
500000 usd
CY2023Q3 us-gaap Deposits
Deposits
33000 usd
CY2022Q3 us-gaap Deposits
Deposits
14500 usd
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
0.01
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
CY2022Q4 qprc Funding Liability Qf3
FundingLiabilityQF3
usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0000824416

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