$QREE
QUANTUM ENERGY INC.

2019 Q4 Form 10-Q Financial Statement

#000143774921007631 Filed on March 30, 2021

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4 2018 Q3
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $60.00K $30.00K
YoY Change 100.0% -50.0%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $56.15K $34.40K $103.8K
YoY Change 63.22% -42.67% 29.75%
Operating Profit
YoY Change
Interest Expense $6.180K $433.00
YoY Change 1327.25%
% of Operating Profit
Other Income/Expense, Net $21.07K -$433.00 $0.00
YoY Change -4964.9%
Pretax Income -$35.08K -$34.83K -$103.8K
YoY Change 0.71% -41.95% 29.75%
Income Tax
% Of Pretax Income
Net Earnings -$35.08K -$34.83K -$103.8K
YoY Change 0.71% -41.95% 29.75%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$0.11 -$0.11
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q4 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.00K $10.00K
YoY Change 0.0%
Cash & Equivalents $9.095K $7.021K $8.800K
Short-Term Investments
Other Short-Term Assets $0.00
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $1.578K $10.00K
YoY Change -84.22%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $150.0K
YoY Change
Other Assets $0.00 $10.00K
YoY Change -100.0% 0.0%
Total Long-Term Assets $7.822K $0.00
YoY Change -100.0%
TOTAL ASSETS
Total Short-Term Assets $1.578K $10.00K
Total Long-Term Assets $7.822K $0.00
Total Assets $9.400K $10.00K
YoY Change -6.0% 0.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $310.0K $160.0K
YoY Change 93.75% 77.78%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $260.0K $70.00K
YoY Change 271.43% 600.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $323.8K $230.0K
YoY Change 40.78% 155.56%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $323.8K $230.0K
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $323.8K $230.0K
YoY Change 40.78% 155.56%
SHAREHOLDERS EQUITY
Retained Earnings -$11.36M
YoY Change
Common Stock $48.49K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$728.6K -$222.1K -$187.2K
YoY Change
Total Liabilities & Shareholders Equity $9.400K $10.00K
YoY Change -6.0% 0.0%

Cashflow Statement

Concept 2019 Q4 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income -$35.08K -$34.83K -$103.8K
YoY Change 0.71% -41.95% 29.75%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$130.0K -$80.00K
YoY Change 62.5% 700.0%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$150.0K
YoY Change
Cash From Investing Activities -$150.0K
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 290.0K 70.00K
YoY Change 314.29%
NET CHANGE
Cash From Operating Activities -130.0K -80.00K
Cash From Investing Activities -150.0K
Cash From Financing Activities 290.0K 70.00K
Net Change In Cash 10.00K -10.00K
YoY Change -200.0% 0.0%
FREE CASH FLOW
Cash From Operating Activities -$130.0K -$80.00K
Capital Expenditures
Free Cash Flow
YoY Change

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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt;"><div style="display: inline; font-weight: bold;">NOTE <div style="display: inline; font-style: italic; font: inherit;">1</div> - NATURE OF OPERATIONS</div></div> <div style=" font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;">QUANTUM ENERGY INC. (&#x201c;the Company&#x201d;) was incorporated under the name &#x201c;Boomers Cultural Development Inc.&#x201d; under the laws of the State of Nevada on <div style="display: inline; font-style: italic; font: inherit;"> February 5, 2004. </div>On <div style="display: inline; font-style: italic; font: inherit;"> May 18, 2006, </div>the Company changed its name to Quantum Energy, Inc.</div> <div style=" font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;">The Company is a development stage diversified holding company with an emphasis in land holdings, refinery and fuel distribution.</div> <div style=" font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;">The Company is domiciled in the Unites States of America and trades on the OTC market under the symbol QEGY.</div></div>
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us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;"><div style="display: inline; text-decoration: underline;">Use of Estimates</div></div> <div style=" font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;">The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</div></div></div></div></div></div></div></div></div>
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
5054802
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2129802
CY2019Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
48491485
CY2018Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
48491485
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
48491485
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
48347692

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