2024 Q2 Form 10-Q Financial Statement
#000121390024043795 Filed on May 15, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
Revenue | $850.0K | $1.045M |
YoY Change | 416.05% | |
Cost Of Revenue | $318.0K | |
YoY Change | ||
Gross Profit | $463.4K | $483.4K |
YoY Change | -575.23% | 3227.93% |
Gross Profit Margin | 54.51% | 46.26% |
Selling, General & Admin | $816.4K | $577.3K |
YoY Change | 25.62% | -25.79% |
% of Gross Profit | 176.2% | 119.41% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $164.2K | $166.9K |
YoY Change | -28.56% | 5.04% |
% of Gross Profit | 35.44% | 34.52% |
Operating Expenses | $816.4K | $577.3K |
YoY Change | 25.62% | -25.79% |
Operating Profit | -$353.1K | -$93.83K |
YoY Change | -52.76% | -87.71% |
Interest Expense | $10.99K | -$337.6K |
YoY Change | -102.6% | 131.18% |
% of Operating Profit | ||
Other Income/Expense, Net | $10.99K | -$337.6K |
YoY Change | -102.6% | 131.18% |
Pretax Income | -$342.1K | -$431.4K |
YoY Change | -70.75% | -52.56% |
Income Tax | $105.0K | |
% Of Pretax Income | ||
Net Earnings | -$447.1K | -$431.4K |
YoY Change | -61.77% | -54.07% |
Net Earnings / Revenue | -52.6% | -41.29% |
Basic Earnings Per Share | -$0.08 | -$0.08 |
Diluted Earnings Per Share | -$0.08 | -$0.08 |
COMMON SHARES | ||
Basic Shares Outstanding | 5.332M shares | 5.332M shares |
Diluted Shares Outstanding | 5.332M shares | 5.332M shares |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $136.8K | $770.7K |
YoY Change | 6.44% | 507.28% |
Cash & Equivalents | $136.8K | $770.7K |
Short-Term Investments | ||
Other Short-Term Assets | $83.64K | $84.07K |
YoY Change | 150.73% | 369.19% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $758.3K | $3.989M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $978.7K | $4.844M |
YoY Change | 504.63% | 3244.68% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | ||
YoY Change | ||
Goodwill | ||
YoY Change | ||
Intangibles | $3.344M | $3.508M |
YoY Change | -17.29% | -17.9% |
Long-Term Investments | ||
YoY Change | ||
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | $3.344M | $3.508M |
YoY Change | -17.29% | -17.9% |
TOTAL ASSETS | ||
Total Short-Term Assets | $978.7K | $4.844M |
Total Long-Term Assets | $3.344M | $3.508M |
Total Assets | $4.322M | $8.352M |
YoY Change | 2.8% | 89.08% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $538.7K | $1.999M |
YoY Change | 160.99% | 1066.73% |
Accrued Expenses | $878.7K | $1.233M |
YoY Change | -29.96% | 18.57% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $6.772M | $8.299M |
YoY Change | -32.46% | -12.96% |
Long-Term Debt Due | $2.797M | $2.797M |
YoY Change | 0.0% | 0.0% |
Total Short-Term Liabilities | $11.23M | $14.81M |
YoY Change | -23.33% | 8.12% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $150.0K | $150.0K |
YoY Change | 0.0% | 0.0% |
Other Long-Term Liabilities | $53.67K | $53.67K |
YoY Change | 0.0% | 0.0% |
Total Long-Term Liabilities | $203.7K | $203.7K |
YoY Change | 0.0% | 0.0% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $11.23M | $14.81M |
Total Long-Term Liabilities | $203.7K | $203.7K |
Total Liabilities | $11.43M | $15.01M |
YoY Change | -23.01% | 8.0% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$24.79M | -$24.34M |
YoY Change | -12.4% | -10.27% |
Common Stock | $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 | -$7.109M | -$6.662M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $4.322M | $8.352M |
YoY Change | 2.8% | 89.08% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$447.1K | -$431.4K |
YoY Change | -61.77% | -54.07% |
Depreciation, Depletion And Amortization | $164.2K | $166.9K |
YoY Change | -28.56% | 5.04% |
Cash From Operating Activities | $892.8K | -$628.4K |
YoY Change | -282.16% | 3.39% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $0.00 | $0.00 |
YoY Change | -100.0% | |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | $0.00 | |
YoY Change | ||
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -1.527M | $835.6K |
YoY Change | -410.48% | -78.81% |
NET CHANGE | ||
Cash From Operating Activities | 892.8K | -$628.4K |
Cash From Investing Activities | 0.000 | |
Cash From Financing Activities | -1.527M | $835.6K |
Net Change In Cash | -633.9K | $207.2K |
YoY Change | -39720.63% | 470.75% |
FREE CASH FLOW | ||
Cash From Operating Activities | $892.8K | -$628.4K |
Capital Expenditures | $0.00 | $0.00 |
Free Cash Flow | $892.8K | -$628.4K |
YoY Change | -282.16% | -83.92% |
Facts In Submission
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Earnings Per Share Diluted
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|
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|
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2024-03-31 | |
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QUEST PATENT RESEARCH CORPORATION | |
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DE | |
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411 Theodore Fremd Ave | |
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Suite 206S | |
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Rye | |
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NY | |
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CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-607835 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
3300000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-3300000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
835649 | usd |
CY2023Q1 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
4000000 | usd |
CY2023Q1 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
55860 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
835649 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3944140 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
207212 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
36305 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
563484 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
90601 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
770696 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
126906 | usd |
CY2024Q1 | qprc |
Interest Added To Principal
InterestAddedToPrincipal
|
1402 | usd |
CY2023Q1 | qprc |
Interest Added To Principal
InterestAddedToPrincipal
|
1387 | usd |
CY2023Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
30000 | usd |
CY2024Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
2193 | usd |
CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
2193 | usd |
CY2024Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="text-decoration:underline">Use of Estimates</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 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> | |
CY2024Q1 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
3989000 | usd |
CY2023Q4 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
3015000 | usd |
CY2024Q1 | us-gaap |
Escrow Deposit
EscrowDeposit
|
3000000 | usd |
CY2024Q1 | us-gaap |
Revenue Recognition Allowances
RevenueRecognitionAllowances
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="text-decoration:underline">Revenue Recognition</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Patent Licensing Fees</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 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: 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: 0; text-align: justify">The Company’s revenue for the three months ended March 31, 2024 was generated from licenses pursuant to the settlement of patent infringement lawsuits in the TLL portfolio. Revenue for the three months ending March 31, 2023 was generated from licenses pursuant to the settlement of patent infringement lawsuits in the Tyche and STX portfolios.</p> | |
CY2024Q1 | qprc |
Reimbursement Costs Received
ReimbursementCostsReceived
|
334000 | usd |
CY2023Q1 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
30000 | usd |
CY2024Q1 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 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> | |
CY2024Q1 | qprc |
Dilutive Potential Common Shares
DilutivePotentialCommonShares
|
962463 | shares |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
1135465 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
3507736 | usd |
CY2024Q1 | us-gaap |
Loans Payable Current
LoansPayableCurrent
|
138000 | usd |
CY2023Q4 | us-gaap |
Loans Payable Current
LoansPayableCurrent
|
138000 | usd |
CY2024Q1 | us-gaap |
Retained Earnings Appropriated
RetainedEarningsAppropriated
|
24342000 | usd |
CY2024Q1 | qprc |
Working Capital
workingCapital
|
9965000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
6087000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
6087000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
2579264 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
2412397 | usd |
CY2024Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
3507736 | usd |
CY2023Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
3674603 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
|
P5Y3M14D | |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
|
P5Y5M19D | |
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 |
CY2024Q1 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
167000 | usd |
CY2023 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
159000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
469487 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
540589 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
500064 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
464786 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
397345 | usd |
CY2024Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
8161151 | usd |
CY2023Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
7325502 | usd |
CY2024Q1 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
4877000 | usd |
CY2023Q1 | qprc |
Operating Capital Advance
OperatingCapitalAdvance
|
200000 | usd |
CY2024Q1 | qprc |
Requested And Received
RequestedAndReceived
|
834000 | usd |
CY2024Q1 | us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
3300000 | usd |
CY2024Q1 | us-gaap |
Payments For Previous Acquisition
PaymentsForPreviousAcquisition
|
25000000 | usd |
CY2023Q1 | qprc |
Proceeds From Finance
ProceedsFromFinance
|
3300000 | usd |
CY2024Q1 | us-gaap |
Notes And Loans Payable Current
NotesAndLoansPayableCurrent
|
2796500 | usd |
CY2015Q4 | qprc |
Purchase Agreement
PurchaseAgreement
|
4672810 | usd |
CY2024Q1 | qprc |
Asset Acquired Description
AssetAcquiredDescription
|
Under these MPAs, Intelligent Partners participates in the monetization proceeds the Company receives with respect to new patents after QFL has received its negotiated rate of return. | |
CY2024Q1 | us-gaap |
Notes Issued1
NotesIssued1
|
250000 | usd |
CY2024Q1 | us-gaap |
Derivative Maturity Dates
DerivativeMaturityDates
|
2050-05-14 | |
CY2024Q1 | qprc |
Deducted Loan Amount
DeductedLoanAmount
|
100 | usd |
CY2024Q1 | qprc |
Loan Origination Cost
LoanOriginationCost
|
1000 | usd |
CY2024Q1 | 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 Amount
AcquisitionFundingAmount
|
95000 | usd |
CY2024Q1 | 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 |
CY2024Q1 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
481000 | usd |
CY2023Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
282000 | usd |
CY2023Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
281809 | usd |
CY2024Q1 | qprc |
Gain On Subsequent Measurement
GainOnSubsequentMeasurement
|
199422 | usd |
CY2024Q1 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
481231 | usd |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2000000 | shares |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
2.39 | |
CY2023Q4 | qprc |
Share Based Compensation Arrangements By Share Based Payment Award Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementsByShareBasedPaymentAwardWeightedAverageGrantDateFairValue
|
1.2 | |
CY2023Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P5Y9M18D | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2000000 | shares |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
2.39 | |
CY2024Q1 | qprc |
Share Based Compensation Arrangements By Share Based Payment Award Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementsByShareBasedPaymentAwardWeightedAverageGrantDateFairValue
|
1.2 | |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P5Y6M18D | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
1200000 | shares |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
0.97 | |
CY2024Q1 | qprc |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Weighted Average Grant Date Fair Value Options Exercisable
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsWeightedAverageGrantDateFairValueOptionsExercisable
|
1.2 | |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P4Y2M12D | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
962463 | shares |
CY2023Q4 | qprc |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWeightedAverageExercisePrice
|
0.54 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
|
P7Y1M20D | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
962463 | shares |
CY2024Q1 | qprc |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWeightedAverageExercisePrice
|
0.54 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
|
P6Y10M24D | |
CY2024Q1 | qprc |
Outstanding Share Capital Percentage
OutstandingShareCapitalPercentage
|
0.10 | pure |
CY2023Q4 | us-gaap |
Minority Interest
MinorityInterest
|
228 | usd |
CY2022Q4 | us-gaap |
Minority Interest
MinorityInterest
|
228 | usd |
CY2024Q1 | us-gaap |
Minority Interest
MinorityInterest
|
228 | usd |
CY2023Q4 | us-gaap |
Minority Interest
MinorityInterest
|
228 | usd |
CY2024Q1 | qprc |
Patent Service Costs
PatentServiceCosts
|
30000 | usd |
CY2023Q1 | qprc |
Patent Service Costs
PatentServiceCosts
|
0 | usd |
CY2023Q4 | us-gaap |
Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
|
1379000 | usd |
CY2024Q1 | qprc |
Initial Annual Salary
InitialAnnualSalary
|
252000 | usd |
CY2016Q3 | qprc |
Annual Bonus Compensation Equal Percentage
AnnualBonusCompensationEqualPercentage
|
0.30 | pure |
CY2016Q3 | us-gaap |
Income Loss From Subsidiaries Before Tax
IncomeLossFromSubsidiariesBeforeTax
|
500000 | usd |
CY2023 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
334000 | usd |
CY2024Q1 | qprc |
Compensation Percentage
CompensationPercentage
|
0.20 | pure |
CY2024Q1 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
usd | |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
usd | |
CY2024Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
shares | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
||
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
||
CY2024Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
shares | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
||
CY2024Q1 | qprc |
Share Based Compensation Arrangements By Share Based Payment Award Weighted Average Grant Date Fair Value Exercised
ShareBasedCompensationArrangementsByShareBasedPaymentAwardWeightedAverageGrantDateFairValueExercised
|
||
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
shares | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
||
CY2024Q1 | qprc |
Share Based Compensation Arrangements By Share Based Payment Award Weighted Average Grant Date Fair Value Expired
ShareBasedCompensationArrangementsByShareBasedPaymentAwardWeightedAverageGrantDateFairValueExpired
|
||
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
shares | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
||
CY2024Q1 | qprc |
Share Based Compensation Arrangements By Share Based Payment Award Weighted Average Grant Date Fair Value Cancelled
ShareBasedCompensationArrangementsByShareBasedPaymentAwardWeightedAverageGrantDateFairValueCancelled
|
||
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
shares | |
CY2024Q1 | qprc |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Weighted Average Exercise Price Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWeightedAverageExercisePriceGranted
|
||
CY2024Q1 | qprc |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercised Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedPeriod
|
shares | |
CY2024Q1 | qprc |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Weighted Average Exercise Price Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWeightedAverageExercisePriceExercised
|
||
CY2024Q1 | qprc |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expired
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpired
|
shares | |
CY2024Q1 | qprc |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Weighted Average Exercise Price Expired
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWeightedAverageExercisePriceExpired
|
||
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
|
shares | |
CY2024Q1 | qprc |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Weighted Average Exercise Price Cancelled
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWeightedAverageExercisePriceCancelled
|
||
CY2024Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
usd | |
CY2023 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
usd | |
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 |
Entity Central Index Key
EntityCentralIndexKey
|
0000824416 | |
CY2024Q1 | dei |
No Trading Symbol Flag
NoTradingSymbolFlag
|
true |