$QREE
QUANTUM ENERGY INC.

2022 Q2 Form 10-Q Financial Statement

#000143774922023814 Filed on October 07, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q2
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue $0.00 $0.00
YoY Change
Gross Profit $0.00 $0.00 $0.00
YoY Change
Gross Profit Margin
Selling, General & Admin $1.570M $56.61M $670.0K
YoY Change 134.33% 9030.65%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.942K $0.00
YoY Change
% of Gross Profit
Operating Expenses $1.566M $56.60M $1.274M
YoY Change 22.99% 9029.03%
Operating Profit -$1.566M -$56.60M -$732.4K
YoY Change 113.87%
Interest Expense $776.00 $0.00 $3.368K
YoY Change -76.96% -100.0% -54.36%
% of Operating Profit
Other Income/Expense, Net $4.014M $3.180M $137.0K
YoY Change 2829.24% -146.7% 949.05%
Pretax Income $2.447M -$53.35M -$595.4K
YoY Change -511.05% 621.92% -4658.26%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings $2.447M -$53.35M -$595.4K
YoY Change -511.05% 621.92% -4658.26%
Net Earnings / Revenue
Basic Earnings Per Share $17.19 $0.36
Diluted Earnings Per Share $17.50 -$222.30 $0.36
COMMON SHARES
Basic Shares Outstanding 142.3K 48.49M 323.3K
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.630M $6.370M $1.350M
YoY Change 391.11% 223.35%
Cash & Equivalents $6.533M $6.367M $1.354M
Short-Term Investments
Other Short-Term Assets $500.0K
YoY Change
Inventory $120.0K $120.0K $60.00K
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $7.252M $6.485M $1.354M
YoY Change 435.63% 229.27% 2880427.66%
LONG-TERM ASSETS
Property, Plant & Equipment $51.46K $0.00
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $13.86M $12.01M $3.630M
YoY Change 281.82% 900.83%
Total Long-Term Assets $13.91M $12.01M $3.630M
YoY Change 283.1% 900.42%
TOTAL ASSETS
Total Short-Term Assets $7.252M $6.485M $1.354M
Total Long-Term Assets $13.91M $12.01M $3.630M
Total Assets $21.16M $18.49M $4.984M
YoY Change 324.53% 483.37% 10603831.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $390.0K $380.0K $520.0K
YoY Change -25.0% -28.3% 57.58%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $110.0K $120.0K $180.0K
YoY Change -38.89% -52.0% -28.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $21.14M $21.01M $7.251M
YoY Change 191.55% 82.36% 705.91%
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 $21.14M $21.01M $7.251M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $21.14M $21.01M $7.251M
YoY Change 191.55% 82.36% 705.91%
SHAREHOLDERS EQUITY
Retained Earnings -$65.00M -$67.45M -$13.76M
YoY Change 372.25% 239.84% 11.03%
Common Stock $139.00 $332.00 $48.49K
YoY Change -99.71% 2.79% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00 $186.00
YoY Change
Treasury Stock Shares $0.00 $186.1K
Shareholders Equity $19.41K -$2.517M -$2.267M
YoY Change
Total Liabilities & Shareholders Equity $21.16M $18.49M $4.984M
YoY Change 324.53% 483.37% 10603831.91%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q2
OPERATING ACTIVITIES
Net Income $2.447M -$53.35M -$595.4K
YoY Change -511.05% 621.92% -4658.26%
Depreciation, Depletion And Amortization $1.942K $0.00
YoY Change
Cash From Operating Activities -$1.945M -$1.090M -$928.9K
YoY Change 109.44% 419.05%
INVESTING ACTIVITIES
Capital Expenditures $53.40K $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$1.950M -$2.730M -$2.430M
YoY Change -19.75% 127.5%
Cash From Investing Activities -$2.003M -$2.730M -$3.630M
YoY Change -44.81% 127.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $4.115M 2.020M 5.913M
YoY Change -30.4% -40.24%
NET CHANGE
Cash From Operating Activities -$1.945M -1.090M -928.9K
Cash From Investing Activities -$2.003M -2.730M -3.630M
Cash From Financing Activities $4.115M 2.020M 5.913M
Net Change In Cash $166.6K -1.800M 1.354M
YoY Change -87.7% -191.37%
FREE CASH FLOW
Cash From Operating Activities -$1.945M -$1.090M -$928.9K
Capital Expenditures $53.40K $0.00
Free Cash Flow -$1.999M -$928.9K
YoY Change 115.19%

Facts In Submission

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StockholdersEquity
19412 usd
CY2022Q2 us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>NOTE 1 - 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 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>
CY2022Q2 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.
CY2021Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1925000
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1925000
CY2022Q1 us-gaap Notes Payable Current
NotesPayableCurrent
76305 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1942 usd
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
-0 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
51458 usd
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
0 usd
CY2022Q2 us-gaap Depreciation
Depreciation
1942 usd
CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
118358 usd
CY2022Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
118358 usd
CY2021Q4 qegy Related Party Purchase Of Shares Agreement Price Per Share
RelatedPartyPurchaseOfSharesAgreementPricePerShare
2.10
CY2022Q1 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
12005000 usd
CY2022Q2 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
13855000 usd
CY2022Q2 us-gaap Notes Payable Current
NotesPayableCurrent
67980 usd
CY2022Q2 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
41715 usd
CY2022Q1 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
41715 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
CY2022Q2 qegy Common Stock Payable Contract Agreements Unrealized Gain
CommonStockPayableContractAgreementsUnrealizedGain
78200 usd
CY2022Q2 qegy Common Stock Payable Shares Contract Agreements
CommonStockPayableSharesContractAgreements
3424934
CY2022Q1 qegy Common Stock Payable Shares Contract Agreements
CommonStockPayableSharesContractAgreements
3354037
CY2022Q2 qegy Common Stock Payable Contract Agreements Fair Value Of Shares
CommonStockPayableContractAgreementsFairValueOfShares
1634718 usd
CY2022Q1 qegy Common Stock Payable Contract Agreements Fair Value Of Shares
CommonStockPayableContractAgreementsFairValueOfShares
1610107 usd
CY2022 qegy Common Stock Payabledeposits Received On Subscriptions Agreements Unrealized Gain
CommonStockPayabledepositsReceivedOnSubscriptionsAgreementsUnrealizedGain
10096456 usd
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
495000000
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2022Q2 qegy Preferred Stock Voting Rights Number Of Votes Per Share
PreferredStockVotingRightsNumberOfVotesPerShare
100 pure
CY2022Q2 us-gaap Share Price
SharePrice
3253
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
CY2022Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1925000
CY2021Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
2925000
CY2022Q2 qegy Class Of Warrant Or Right Cancelled During Period
ClassOfWarrantOrRightCancelledDuringPeriod
1925000
CY2022 qegy Class Of Warrant Or Right Cancelled During Period
ClassOfWarrantOrRightCancelledDuringPeriod
1000000
CY2022Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
0
CY2022Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.00
CY2022Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1925000

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