$QREE
QUANTUM ENERGY INC.

2021 Q4 Form 10-Q Financial Statement

#000143774922004975 Filed on March 02, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q4
Revenue $324.2K $0.00 $0.00
YoY Change
Cost Of Revenue $110.0K
YoY Change
Gross Profit $215.0K $0.00 $0.00
YoY Change
Gross Profit Margin 66.3%
Selling, General & Admin $980.0K $750.0K $0.00
YoY Change -100.0%
% of Gross Profit 455.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00
YoY Change
% of Gross Profit 0.0%
Operating Expenses $983.1K $746.7K $4.854K
YoY Change 20154.31% -91.35%
Operating Profit -$768.2K -$746.7K -$4.854K
YoY Change 15725.24%
Interest Expense $3.347K $3.368K $7.058K
YoY Change -52.58% -50.32% 14.21%
% of Operating Profit
Other Income/Expense, Net $9.586M -$2.446M $225.6K
YoY Change 4148.61% 767.67% 971.1%
Pretax Income $8.818M -$3.192M $220.8K
YoY Change 3894.08% 1032.57% -729.34%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $8.818M -$3.192M $220.8K
YoY Change 3894.08% 1032.57% -729.34%
Net Earnings / Revenue 2719.54%
Basic Earnings Per Share $26.73 -$0.06
Diluted Earnings Per Share $25.94 -$9.66 $0.68
COMMON SHARES
Basic Shares Outstanding 49.49M 49.42M 48.49M
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.160M $4.880M $0.00
YoY Change -100.0%
Cash & Equivalents $8.161M $4.876M $47.00
Short-Term Investments
Other Short-Term Assets $0.00 $90.00K
YoY Change
Inventory $120.0K $180.0K
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $8.279M $5.150M $47.00
YoY Change 17615670.21% 10957346.81% -97.02%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.280M $7.530M
YoY Change
Total Long-Term Assets $9.280M $7.530M $0.00
YoY Change -100.0%
TOTAL ASSETS
Total Short-Term Assets $8.279M $5.150M $47.00
Total Long-Term Assets $9.280M $7.530M $0.00
Total Assets $17.56M $12.68M $47.00
YoY Change 37360351.06% 26978623.4% -99.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $480.0K $460.0K $350.0K
YoY Change 37.14% 35.29% 12.9%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $180.0K $180.0K $250.0K
YoY Change -28.0% -28.0% -3.85%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $20.74M $24.42M $960.8K
YoY Change 2058.69% 1966.79% 196.72%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $20.74M $24.42M $960.8K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $20.74M $24.42M $960.8K
YoY Change 2058.69% 1966.79% 196.72%
SHAREHOLDERS EQUITY
Retained Earnings -$14.11M -$12.46M
YoY Change 13.22% 9.68%
Common Stock $49.49K $48.49K
YoY Change 2.06% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $8.814K
YoY Change
Treasury Stock Shares $8.814M
Shareholders Equity -$3.181M -$11.75M -$960.7K
YoY Change
Total Liabilities & Shareholders Equity $17.56M $12.68M $47.00
YoY Change 37360351.06% 26978623.4% -99.5%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q4
OPERATING ACTIVITIES
Net Income $8.818M -$3.192M $220.8K
YoY Change 3894.08% 1032.57% -729.34%
Depreciation, Depletion And Amortization $0.00
YoY Change
Cash From Operating Activities -$610.0K -$1.010M $0.00
YoY Change -100.0%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$2.000M -$4.460M $0.00
YoY Change -100.0%
Cash From Investing Activities -$2.000M -$4.460M $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 5.890M 9.000M 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -610.0K -1.010M 0.000
Cash From Investing Activities -2.000M -4.460M 0.000
Cash From Financing Activities 5.890M 9.000M 0.000
Net Change In Cash 3.280M 3.530M 0.000
YoY Change -100.0%
FREE CASH FLOW
Cash From Operating Activities -$610.0K -$1.010M $0.00
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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dei Entity Registrant Name
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><span style="text-decoration: underline; ">Use of Estimates</span></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;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.</p>
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us-gaap Nature Of Operations
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>NOTE </b><b><i><em style="font: inherit;">1</em></i></b><b> - NATURE OF OPERATIONS</b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">QUANTUM ENERGY INC. (“the Company”) was incorporated under the name “Boomers Cultural Development Inc.” under the laws of the State of Nevada on <em style="font: inherit;"> February 5, 2004. </em>On <em style="font: inherit;"> May 18, 2006, </em>the Company changed its name to Quantum Energy, Inc.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p 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, mining, and the refining and reprocessing of rare earth minerals and materials for the production of magnetic products and manufacturing of magnets and magnetic assemblies.</p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"> </p> <p style="font-family:Times New Roman;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.</p>
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2425000
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3925000
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
118358 USD
CY2021Q4 qegy Related Party Purchase Of Shares Agreement Price Per Share
RelatedPartyPurchaseOfSharesAgreementPricePerShare
0.0210 pure
CY2021Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
9280000 USD
CY2021Q4 us-gaap Notes Payable Current
NotesPayableCurrent
76305 USD
CY2021Q1 us-gaap Notes Payable Current
NotesPayableCurrent
76305 USD
CY2021Q4 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
106015 USD
CY2021Q1 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
106015 USD
CY2021Q2 qegy Common Stock Payable Contract Agreements Fair Value Of Shares
CommonStockPayableContractAgreementsFairValueOfShares
600000 USD
CY2021Q2 qegy Common Stock Payable Contract Agreements Unrealized Gain
CommonStockPayableContractAgreementsUnrealizedGain
100000 USD
CY2021Q2 qegy Common Stock Payable Gain On Issuance Of Shares
CommonStockPayableGainOnIssuanceOfShares
360000 USD
CY2021Q4 qegy Common Stock Payable Contract Agreements Unrealized Gain
CommonStockPayableContractAgreementsUnrealizedGain
250000 USD
CY2020Q4 qegy Common Stock Payable Contract Agreements Unrealized Gain
CommonStockPayableContractAgreementsUnrealizedGain
0 USD
qegy Common Stock Payable Contract Agreements Unrealized Gain
CommonStockPayableContractAgreementsUnrealizedGain
480000 USD
qegy Common Stock Payable Contract Agreements Unrealized Gain
CommonStockPayableContractAgreementsUnrealizedGain
0 USD
CY2021Q4 qegy Common Stock Payable Deposit Received On Subscription Agreements Fair Value Of Shares
CommonStockPayableDepositReceivedOnSubscriptionAgreementsFairValueOfShares
19662084 USD
CY2021Q4 qegy Common Stock Payable Deposits Received On Subscriptions Agreements Unrealized Loss
CommonStockPayableDepositsReceivedOnSubscriptionsAgreementsUnrealizedLoss
9339356 USD
CY2020Q4 qegy Common Stock Payable Deposits Received On Subscriptions Agreements Unrealized Loss
CommonStockPayableDepositsReceivedOnSubscriptionsAgreementsUnrealizedLoss
0 USD
CY2019Q2 qegy Memorandum Of Understanding Joint Venture Percentage Of Ownership
MemorandumOfUnderstandingJointVenturePercentageOfOwnership
0.33 pure
qegy Common Stock Payable Deposits Received On Subscriptions Agreements Unrealized Loss
CommonStockPayableDepositsReceivedOnSubscriptionsAgreementsUnrealizedLoss
6955441 USD
qegy Common Stock Payable Deposits Received On Subscriptions Agreements Unrealized Loss
CommonStockPayableDepositsReceivedOnSubscriptionsAgreementsUnrealizedLoss
0 USD
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
495000000
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q3 qegy Common Stock Voting Rights Number Of Votes Per Share
CommonStockVotingRightsNumberOfVotesPerShare
1 pure
CY2021Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
8814411
us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
813261 USD
CY2021Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
2925000
CY2020Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
3925000
CY2021Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
2425000
CY2021Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
2925000
CY2021Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
2425000
CY2021Q4 qegy Class Of Warrant Or Right Exercisable
ClassOfWarrantOrRightExercisable
2425000
qegy Class Of Warrant Or Right Remaining Term
ClassOfWarrantOrRightRemainingTerm
P0Y3M7D

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