2024 Q3 Form 10-Q Financial Statement
#000121390024067714 Filed on August 12, 2024
Income Statement
Concept | 2024 Q3 | 2024 Q2 | 2023 Q2 |
---|---|---|---|
Revenue | $900.0K | $850.0K | |
YoY Change | 260.0% | ||
Cost Of Revenue | $382.0K | $318.0K | $0.00 |
YoY Change | 582.14% | ||
Gross Profit | $248.5K | $463.4K | -$97.50K |
YoY Change | -419.55% | -575.23% | -587.25% |
Gross Profit Margin | 27.61% | 54.51% | |
Selling, General & Admin | $764.3K | $816.4K | $649.9K |
YoY Change | 27.74% | 25.62% | 20.91% |
% of Gross Profit | 307.58% | 176.2% | |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $158.2K | $164.2K | $229.9K |
YoY Change | -21.88% | -28.56% | 11.95% |
% of Gross Profit | 63.67% | 35.44% | |
Operating Expenses | $764.3K | $816.4K | $649.9K |
YoY Change | 27.74% | 25.62% | 20.91% |
Operating Profit | -$515.8K | -$353.1K | -$747.4K |
YoY Change | -23.7% | -52.76% | 44.42% |
Interest Expense | -$80.55K | $10.99K | -$422.2K |
YoY Change | -48.77% | -102.6% | -241.9% |
% of Operating Profit | |||
Other Income/Expense, Net | -$80.54K | $10.99K | -$422.2K |
YoY Change | -48.77% | -102.6% | -241.89% |
Pretax Income | -$596.4K | -$342.1K | -$1.170M |
YoY Change | -28.43% | -70.75% | 431.8% |
Income Tax | -$5.033K | $105.0K | |
% Of Pretax Income | |||
Net Earnings | -$591.3K | -$447.1K | -$1.170M |
YoY Change | -29.04% | -61.77% | 431.8% |
Net Earnings / Revenue | -65.7% | -52.6% | |
Basic Earnings Per Share | -$0.11 | -$0.08 | -$0.22 |
Diluted Earnings Per Share | -$0.11 | -$0.08 | -$0.22 |
COMMON SHARES | |||
Basic Shares Outstanding | 5.332M shares | 5.332M shares | 5.332M shares |
Diluted Shares Outstanding | 5.332M shares | 5.332M shares | 5.332M shares |
Balance Sheet
Concept | 2024 Q3 | 2024 Q2 | 2023 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $136.8K | $136.8K | $128.5K |
YoY Change | -77.63% | 6.44% | -43.68% |
Cash & Equivalents | $136.8K | $136.8K | $128.5K |
Short-Term Investments | |||
Other Short-Term Assets | $87.91K | $83.64K | $33.36K |
YoY Change | 39.39% | 150.73% | 12.89% |
Inventory | |||
Prepaid Expenses | $33.36K | ||
Receivables | $908.3K | $758.3K | |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $1.133M | $978.7K | $161.9K |
YoY Change | 67.96% | 504.63% | -37.19% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | $3.185M | $3.344M | $4.042M |
YoY Change | -17.69% | -17.29% | 272.26% |
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $3.185M | $3.344M | $4.042M |
YoY Change | -17.69% | -17.29% | 272.26% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.133M | $978.7K | $161.9K |
Total Long-Term Assets | $3.185M | $3.344M | $4.042M |
Total Assets | $4.318M | $4.322M | $4.204M |
YoY Change | -4.98% | 2.8% | 212.91% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $547.8K | $538.7K | $206.4K |
YoY Change | 93.39% | 160.99% | 60.68% |
Accrued Expenses | $1.024M | $878.7K | $1.254M |
YoY Change | -30.26% | -29.96% | 85.94% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $7.272M | $6.772M | $10.03M |
YoY Change | -33.64% | -32.46% | 30.66% |
Long-Term Debt Due | $2.797M | $2.797M | $2.797M |
YoY Change | 0.0% | 0.0% | -0.22% |
Total Short-Term Liabilities | $11.81M | $11.23M | $14.64M |
YoY Change | -25.26% | -23.33% | 58.35% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $150.0K | $150.0K | $150.0K |
YoY Change | 0.0% | 0.0% | 1.08% |
Other Long-Term Liabilities | $53.67K | $53.67K | $53.67K |
YoY Change | 0.0% | 0.0% | -71.75% |
Total Long-Term Liabilities | $203.7K | $203.7K | $203.7K |
YoY Change | 0.0% | 0.0% | -39.81% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $11.81M | $11.23M | $14.64M |
Total Long-Term Liabilities | $203.7K | $203.7K | $203.7K |
Total Liabilities | $12.02M | $11.43M | $14.85M |
YoY Change | -24.94% | -23.01% | 54.89% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$25.38M | -$24.79M | -$28.30M |
YoY Change | -12.88% | -12.4% | 9.61% |
Common Stock | $160.00 | $160.00 | $160.00 |
YoY Change | 0.0% | 0.0% | 0.0% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$7.700M | -$7.109M | -$10.64M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $4.318M | $4.322M | $4.204M |
YoY Change | -4.98% | 2.8% | 212.91% |
Cashflow Statement
Concept | 2024 Q3 | 2024 Q2 | 2023 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$591.3K | -$447.1K | -$1.170M |
YoY Change | -29.04% | -61.77% | 431.8% |
Depreciation, Depletion And Amortization | $158.2K | $164.2K | $229.9K |
YoY Change | -21.88% | -28.56% | 11.95% |
Cash From Operating Activities | -$500.0K | $892.8K | -$490.2K |
YoY Change | 19.46% | -282.16% | 66.94% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 500.0K | -1.527M | 491.7K |
YoY Change | -46.32% | -410.48% | 84.11% |
NET CHANGE | |||
Cash From Operating Activities | -500.0K | 892.8K | -490.2K |
Cash From Investing Activities | 0.000 | 0.000 | 0.000 |
Cash From Financing Activities | 500.0K | -1.527M | 491.7K |
Net Change In Cash | 20.00 | -633.9K | 1.600K |
YoY Change | -100.0% | -39720.63% | -106.04% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$500.0K | $892.8K | -$490.2K |
Capital Expenditures | $0.00 | $0.00 | $0.00 |
Free Cash Flow | -$500.0K | $892.8K | -$490.2K |
YoY Change | 11.47% | -282.16% | 66.94% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.40 | ||
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Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
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|
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|
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10-Q | ||
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2024-06-30 | ||
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2024 | ||
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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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Rye | ||
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CY2024Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
105033 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
105033 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
30000 | usd | |
CY2024Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-447110 | usd |
CY2023Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-1169646 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
-878552 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-2109011 | usd | |
CY2024Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.08 | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.22 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.16 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.4 | ||
CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5331973 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5331973 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5331973 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5331973 | shares | |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-8562827 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
18573 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-939365 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-9483619 | usd |
CY2023Q2 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
9972 | usd |
CY2023Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-1169646 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-10643293 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-6235648 | usd |
CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
5808 | usd |
CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-431442 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-6661282 | usd |
CY2024Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-447110 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-7108392 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
-878552 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-2109011 | usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-41194 | usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
214052 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5808 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
28545 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
331098 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
388746 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-2257045 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-218332 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
349834 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
55523 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
28043 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-1135946 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
57883 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
264404 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1097994 | usd | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
3300000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-3300000 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
834381 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
4500000 | usd | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
1525502 | usd | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
64110 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-691121 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
4435890 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-426717 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
37896 | 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 |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
136767 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
128497 | usd |
qprc |
Interest Added To Principal
InterestAddedToPrincipal
|
1402 | usd | |
qprc |
Interest Added To Principal
InterestAddedToPrincipal
|
2790 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
105033 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
30000 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
4386 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
4386 | usd | |
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> | ||
CY2024Q2 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
758000 | usd |
CY2023Q4 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
3015000 | usd |
qprc |
Reimbursement Costs Received
ReimbursementCostsReceived
|
334000 | usd | |
CY2024Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
105033 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
105033 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
30000 | usd | |
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> | ||
qprc |
Dilutive Potential Common Shares
DilutivePotentialCommonShares
|
962463 | shares | |
CY2024Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-24789573 | usd |
CY2024Q2 | qprc |
Working Capital
WorkingCapital
|
10248000 | usd |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
6087000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
6087000 | usd |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
2743495 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
2412397 | usd |
CY2024Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
3343505 | usd |
CY2023Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
3674603 | usd |
us-gaap |
Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
|
P5Y25D | ||
CY2023 | us-gaap |
Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
|
P5Y5M19D | |
CY2021Q1 | us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
350000 | usd |
CY2021Q1 | us-gaap |
Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
|
350000 | usd |
CY2021Q1 | qprc |
Aggregate Amount
AggregateAmount
|
93900 | usd |
CY2024Q2 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
167000 | usd |
us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
331000 | usd | |
CY2023Q2 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
230000 | usd |
us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
389000 | usd | |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
305256 | usd |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
540589 | usd |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
500064 | usd |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
464786 | usd |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
397345 | usd |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
1135465 | usd |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
3343505 | usd |
CY2024Q2 | us-gaap |
Loans Payable Current
LoansPayableCurrent
|
138000 | usd |
CY2023Q4 | us-gaap |
Loans Payable Current
LoansPayableCurrent
|
138000 | usd |
CY2024Q2 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
6634381 | usd |
CY2023Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
7325502 | usd |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
6402000 | usd | |
CY2024Q2 | qprc |
Advance Operating Capital
AdvanceOperatingCapital
|
0 | usd |
qprc |
Advance Operating Capital
AdvanceOperatingCapital
|
200000 | usd | |
CY2023Q1 | qprc |
Proceeds From Finance
ProceedsFromFinance
|
3300000 | usd |
CY2024Q2 | us-gaap |
Notes And Loans Payable Current
NotesAndLoansPayableCurrent
|
2796500 | usd |
CY2015Q4 | qprc |
Purchase Agreement
PurchaseAgreement
|
4672810 | usd |
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 and QF3 have received their negotiated rate of return. | ||
us-gaap |
Notes Issued1
NotesIssued1
|
250000 | 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 | |
CY2023 | us-gaap |
Payments For Proceeds From Previous Acquisition
PaymentsForProceedsFromPreviousAcquisition
|
53665 | usd |
CY2020Q2 | qprc |
Acquisition Funding Amount
AcquisitionFundingAmount
|
95000 | usd |
qprc |
Funder Received
FunderReceived
|
53665 | usd | |
CY2021Q1 | qprc |
Minimum Warrant Yield Outstanding Shares Capital Stock Percentage
MinimumWarrantYieldOutstandingSharesCapitalStockPercentage
|
0.10 | pure |
CY2021Q1 | qprc |
Increased To Aggregate Number Of Outstanding Shares Of Capital Sock
IncreasedToAggregateNumberOfOutstandingSharesOfCapitalSock
|
0.10 | pure |
CY2024Q2 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
241000 | shares |
CY2023Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
282000 | shares |
CY2023Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
281809 | usd |
CY2024Q1 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
199422 | usd |
CY2024Q1 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
481231 | usd |
CY2024Q2 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-240616 | usd |
CY2024Q2 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
240615 | 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 | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P5Y9M18D | ||
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2000000 | shares |
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
2.39 | |
CY2024Q2 | qprc |
Share Based Compensation Arrangements By Share Based Payment Award Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementsByShareBasedPaymentAwardWeightedAverageGrantDateFairValue
|
1.2 | |
qprc |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm
|
P5Y3M18D | ||
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
1200000 | shares |
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
0.97 | |
qprc |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Weighted Average Grant Date Fair Value Options Exercisable
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsWeightedAverageGrantDateFairValueOptionsExercisable
|
1.2 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P3Y11M12D | ||
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
962463 | shares |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
0.54 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
|
P7Y1M20D | ||
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
962463 | shares |
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
0.54 | |
qprc |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms1
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms1
|
P6Y7M24D | ||
qprc |
Outstanding Share Capital Percentage
OutstandingShareCapitalPercentage
|
0.10 | pure | |
CY2024Q2 | qprc |
Patent Service Costs
PatentServiceCosts
|
30000 | usd |
qprc |
Patent Service Costs
PatentServiceCosts
|
60000 | usd | |
CY2024Q2 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
318000 | usd |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
781000 | usd | |
CY2023Q2 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
0 | usd |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
62000 | usd | |
CY2024Q2 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
usd | |
CY2023Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
shares | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
|||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
|||
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
shares | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
|||
qprc |
Share Based Compensation Arrangements By Share Based Payment Award Weighted Average Grant Date Fair Value Exercised
ShareBasedCompensationArrangementsByShareBasedPaymentAwardWeightedAverageGrantDateFairValueExercised
|
|||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
shares | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
|||
qprc |
Share Based Compensation Arrangements By Share Based Payment Award Weighted Average Grant Date Fair Value Expired
ShareBasedCompensationArrangementsByShareBasedPaymentAwardWeightedAverageGrantDateFairValueExpired
|
|||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
shares | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
|||
qprc |
Share Based Compensation Arrangements By Share Based Payment Award Weighted Average Grant Date Fair Value Cancelled
ShareBasedCompensationArrangementsByShareBasedPaymentAwardWeightedAverageGrantDateFairValueCancelled
|
|||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
shares | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
|||
qprc |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercised Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedPeriod
|
shares | ||
qprc |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Weighted Average Exercise Price Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWeightedAverageExercisePriceExercised
|
|||
qprc |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expired
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpired
|
shares | ||
qprc |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Weighted Average Exercise Price Expired
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWeightedAverageExercisePriceExpired
|
|||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
|
shares | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
|
|||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000824416 | ||
dei |
No Trading Symbol Flag
NoTradingSymbolFlag
|
true |