$QREE
QUANTUM ENERGY INC.

2022 Q1 Form 10-K Financial Statement

#000143774922021365 Filed on August 26, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2022 2021 Q1
Revenue $0.00 $324.2K $0.00
YoY Change
Cost Of Revenue $0.00 $110.0K
YoY Change
Gross Profit $0.00 $215.0K
YoY Change
Gross Profit Margin 66.3%
Selling, General & Admin $56.61M $59.00M $620.0K
YoY Change 9030.65% 9416.13%
% of Gross Profit 27443.52%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $56.60M $59.00M $620.0K
YoY Change 9029.03% 9375.47%
Operating Profit -$56.60M -$58.79M
YoY Change 9340.94%
Interest Expense $0.00 $13.41K $40.00K
YoY Change -100.0% -52.54% -233.33%
% of Operating Profit
Other Income/Expense, Net $3.180M $11.18M -$6.810M
YoY Change -146.7% -264.12%
Pretax Income -$53.35M -$47.60M -$7.390M
YoY Change 621.92% 540.06% 4005.56%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$53.35M -$47.60M -$7.390M
YoY Change 621.92% 540.06% 4005.56%
Net Earnings / Revenue -14681.73%
Basic Earnings Per Share -$1.04
Diluted Earnings Per Share -$222.30 -$153.50 -$23.09
COMMON SHARES
Basic Shares Outstanding 48.49M 45.80M
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q1 2022 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.370M $6.370M $1.970M
YoY Change 223.35% 223.35%
Cash & Equivalents $6.367M $6.370M $1.970M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $120.0K $120.0K
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $6.485M $6.490M $1.970M
YoY Change 229.27% 229.44% 4190342.55%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $12.01M $12.01M $1.200M
YoY Change 900.83% 900.83%
Total Long-Term Assets $12.01M $12.00M $1.200M
YoY Change 900.42% 900.0%
TOTAL ASSETS
Total Short-Term Assets $6.485M $6.490M $1.970M
Total Long-Term Assets $12.01M $12.00M $1.200M
Total Assets $18.49M $18.49M $3.170M
YoY Change 483.37% 483.28% 6743534.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $380.0K $380.0K $530.0K
YoY Change -28.3% -28.3% 65.63%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $120.0K $120.0K $250.0K
YoY Change -52.0% -52.0% 0.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $21.01M $21.01M $11.52M
YoY Change 82.36% 1827.52% 1162.11%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $21.01M $21.01M $11.52M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $21.01M $21.01M $11.52M
YoY Change 82.36% 1827.52% 1162.11%
SHAREHOLDERS EQUITY
Retained Earnings -$67.45M -$19.85M
YoY Change 239.84% 59.93%
Common Stock $332.00 $323.00
YoY Change 2.79% -99.33%
Preferred Stock
YoY Change
Treasury Stock (at cost) $186.00 $0.00
YoY Change
Treasury Stock Shares $186.1K $186.1K
Shareholders Equity -$2.517M -$2.520M -$8.350M
YoY Change
Total Liabilities & Shareholders Equity $18.49M $18.49M $3.170M
YoY Change 483.37% 483.28% 6743534.04%

Cashflow Statement

Concept 2022 Q1 2022 2021 Q1
OPERATING ACTIVITIES
Net Income -$53.35M -$47.60M -$7.390M
YoY Change 621.92% 540.06% 4005.56%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$1.090M -$3.426M -$210.0K
YoY Change 419.05% 1528.63%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$2.730M -$11.62M -$1.200M
YoY Change 127.5% 868.33%
Cash From Investing Activities -$2.730M -$11.62M -$1.200M
YoY Change 127.5% 868.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.020M $19.44M 3.380M
YoY Change -40.24% 475.22% -33900.0%
NET CHANGE
Cash From Operating Activities -1.090M -$3.426M -210.0K
Cash From Investing Activities -2.730M -$11.62M -1.200M
Cash From Financing Activities 2.020M $19.44M 3.380M
Net Change In Cash -1.800M $4.397M 1.970M
YoY Change -191.37% 123.27% -19800.0%
FREE CASH FLOW
Cash From Operating Activities -$1.090M -$3.426M -$210.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2022 dei Entity Central Index Key
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CY2022 dei Entity File Number
EntityFileNumber
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CY2022 dei Entity Registrant Name
EntityRegistrantName
Quantum Energy Inc.
CY2022 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
CY2022 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
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CY2022 dei Entity Address Address Line1
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CY2022 dei Entity Address City Or Town
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CY2022 dei Entity Address State Or Province
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CY2022 dei Security12b Title
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CY2022 us-gaap Nature Of Operations
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<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;"> <tbody><tr style="vertical-align: top;"> <td style="width: 54pt;"> <p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><b>NOTE 1 - </b></p> </td> <td style="width: auto;"> <p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><b>NATURE OF OPERATIONS</b></p> </td> </tr> </tbody></table> <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 February 5, 2004. On May 18, 2006, 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:Times New Roman;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.</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 Company is domiciled in the Unites States of America and trades on the OTC market under the symbol QEGY.</p>
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<span style="text-decoration: underline; ">Use of Estimates</span> 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.
CY2022 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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1925000
CY2021 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
2925000
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1925000
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3925000
CY2022Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
118358 usd
CY2022Q1 qegy Related Party Purchase Of Shares Agreement Price Per Share
RelatedPartyPurchaseOfSharesAgreementPricePerShare
2.10
CY2022Q1 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
12005000 usd
CY2022Q1 us-gaap Notes Payable Current
NotesPayableCurrent
76305 usd
CY2021Q1 us-gaap Notes Payable Current
NotesPayableCurrent
76305 usd
CY2022Q1 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
41715 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
150000 usd
CY2021Q2 qegy Common Stock Payable Gain On Issuance Of Shares
CommonStockPayableGainOnIssuanceOfShares
360000 usd
CY2022 qegy Common Stock Payable Contract Agreements Unrealized Gain
CommonStockPayableContractAgreementsUnrealizedGain
370000 usd
CY2022Q1 qegy Common Stock Payable Shares Contract Agreements
CommonStockPayableSharesContractAgreements
3354037
CY2022 qegy Common Stock Payabledeposits Received On Subscriptions Agreements Unrealized Gain
CommonStockPayabledepositsReceivedOnSubscriptionsAgreementsUnrealizedGain
10246456 usd
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
495000000
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2022Q1 qegy Preferred Stock Voting Rights Number Of Votes Per Share
PreferredStockVotingRightsNumberOfVotesPerShare
100 pure
CY2022Q1 us-gaap Share Price
SharePrice
0.59
CY2022 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
27914411
CY2022 us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
813261 usd
CY2022Q1 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
150 pure
CY2022 qegy Class Of Warrant Or Right Cancelled During Period
ClassOfWarrantOrRightCancelledDuringPeriod
1000000
CY2021 qegy Class Of Warrant Or Right Cancelled During Period
ClassOfWarrantOrRightCancelledDuringPeriod
1000000
CY2022Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1925000
CY2021Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
2925000
CY2022Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1925000
CY2022Q1 qegy Class Of Warrant Or Right Exercisable
ClassOfWarrantOrRightExercisable
1925000

Files In Submission

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0001437749-22-021365-index-headers.html Edgar Link pending
0001437749-22-021365-index.html Edgar Link pending
0001437749-22-021365.txt Edgar Link pending
0001437749-22-021365-xbrl.zip Edgar Link pending
ex_398258.htm Edgar Link pending
ex_398259.htm Edgar Link pending
ex_398260.htm Edgar Link pending
ex_398261.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
qegy-20220228.xsd Edgar Link pending
qegy20220228_10k.htm Edgar Link pending
R1.htm Edgar Link pending
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qegy-20220228_def.xml Edgar Link unprocessable
qegy-20220228_pre.xml Edgar Link unprocessable
qegy-20220228_lab.xml Edgar Link unprocessable
qegy-20220228_cal.xml Edgar Link unprocessable
qegy20220228_10k_htm.xml Edgar Link completed
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FilingSummary.xml Edgar Link unprocessable