2021 Form 10-K Financial Statement
#000121390022012564 Filed on March 15, 2022
Income Statement
| Concept | 2021 |
|---|---|
| Revenue | |
| YoY Change | |
| Cost Of Revenue | |
| YoY Change | |
| Gross Profit | |
| YoY Change | |
| Gross Profit Margin | |
| Selling, General & Admin | $14.54M |
| YoY Change | -7.97% |
| % of Gross Profit | |
| Research & Development | $2.586M |
| YoY Change | 67.96% |
| % of Gross Profit | |
| Depreciation & Amortization | $9.000K |
| YoY Change | 36.16% |
| % of Gross Profit | |
| Operating Expenses | $17.13M |
| YoY Change | -1.23% |
| Operating Profit | -$17.13M |
| YoY Change | -1.23% |
| Interest Expense | -$153.9K |
| YoY Change | -96.88% |
| % of Operating Profit | |
| Other Income/Expense, Net | -$10.61M |
| YoY Change | 267.46% |
| Pretax Income | -$27.90M |
| YoY Change | 12.79% |
| Income Tax | $0.00 |
| % Of Pretax Income | |
| Net Earnings | -$27.90M |
| YoY Change | 12.79% |
| Net Earnings / Revenue | |
| Basic Earnings Per Share | -$0.96 |
| Diluted Earnings Per Share | -$956.9K |
| COMMON SHARES | |
| Basic Shares Outstanding | 29.16M shares |
| Diluted Shares Outstanding | 29.16M shares |
Balance Sheet
| Concept | 2021 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $16.74M |
| YoY Change | 10.15% |
| Cash & Equivalents | $16.74M |
| Short-Term Investments | |
| Other Short-Term Assets | $504.2K |
| YoY Change | 1136.67% |
| Inventory | |
| Prepaid Expenses | |
| Receivables | |
| Other Receivables | |
| Total Short-Term Assets | $17.24M |
| YoY Change | 13.16% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $41.35K |
| YoY Change | 33.56% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | |
| YoY Change | |
| Other Assets | |
| YoY Change | |
| Total Long-Term Assets | $41.35K |
| YoY Change | 33.6% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $17.24M |
| Total Long-Term Assets | $41.35K |
| Total Assets | $17.28M |
| YoY Change | 13.21% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $464.9K |
| YoY Change | 26.77% |
| Accrued Expenses | $496.6K |
| YoY Change | 359.25% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | -100.0% |
| Long-Term Debt Due | |
| YoY Change | |
| Total Short-Term Liabilities | $1.082M |
| YoY Change | 56.13% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $0.00 |
| YoY Change | |
| Other Long-Term Liabilities | |
| YoY Change | |
| Total Long-Term Liabilities | $0.00 |
| YoY Change | |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $1.082M |
| Total Long-Term Liabilities | $0.00 |
| Total Liabilities | $1.082M |
| YoY Change | 56.13% |
| SHAREHOLDERS EQUITY | |
| Retained Earnings | |
| YoY Change | |
| Common Stock | |
| YoY Change | |
| Preferred Stock | |
| YoY Change | |
| Treasury Stock (at cost) | |
| YoY Change | |
| Treasury Stock Shares | |
| Shareholders Equity | $16.20M |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $17.28M |
| YoY Change | 13.21% |
Cashflow Statement
| Concept | 2021 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | -$27.90M |
| YoY Change | 12.79% |
| Depreciation, Depletion And Amortization | $9.000K |
| YoY Change | 36.16% |
| Cash From Operating Activities | -$6.805M |
| YoY Change | -41.03% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$19.39K |
| YoY Change | 61.99% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | -$21.19K |
| YoY Change | |
| Cash From Investing Activities | -$40.58K |
| YoY Change | 239.01% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | 8.388M |
| YoY Change | -68.52% |
| NET CHANGE | |
| Cash From Operating Activities | -6.805M |
| Cash From Investing Activities | -40.58K |
| Cash From Financing Activities | 8.388M |
| Net Change In Cash | 1.542M |
| YoY Change | -89.78% |
| FREE CASH FLOW | |
| Cash From Operating Activities | -$6.805M |
| Capital Expenditures | -$19.39K |
| Free Cash Flow | -$6.786M |
| YoY Change | -41.14% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Common Stock Share Subscribed But Unissued Subscriptions Receivable
CommonStockShareSubscribedButUnissuedSubscriptionsReceivable
|
USD | |
| CY2021 | qci |
Interest Expense Beneficial Conversion Feature
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|
USD | |
| CY2021 | us-gaap |
Cost Of Revenue
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|
USD | |
| CY2021 | us-gaap |
Gross Profit
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|
USD | |
| CY2021 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
USD | |
| CY2021 | qci |
Misc Income
MiscIncome
|
USD | |
| CY2021 | us-gaap |
Interest Expense Debt
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|
USD | |
| CY2021 | qci |
Interest Expense Warrant Repricing
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|
USD | |
| CY2020 | qci |
Interest Expense Preferred Dividends
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|
USD | |
| CY2021 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001758009 | |
| CY2021Q4 | us-gaap |
Convertible Notes Payable Current
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|
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| CY2021 | us-gaap |
Revenues
Revenues
|
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| CY2021 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
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|
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| CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
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|
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| CY2021 | us-gaap |
Stock Issued During Period Value Share Based Compensation
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|
USD | |
| CY2021 | qci |
Derivative Mark To Markets
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|
USD | |
| CY2021 | qci |
Beneficial Conversion Features
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|
USD | |
| CY2020 | qci |
Other Asset Lease Right To Use
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|
USD | |
| CY2020 | us-gaap |
Payments To Acquire Held To Maturity Securities
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|
USD | |
| CY2021 | us-gaap |
Proceeds From Repayments Of Notes Payable
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|
USD | |
| CY2021 | qci |
Increase Decrease In Subscription Receivable
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|
USD | |
| CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
USD | |
| CY2021 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
USD | |
| CY2020 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
USD | |
| CY2020 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
USD | |
| CY2021 | qci |
Subscription Receivable Created From Issuance Of Note Payable
SubscriptionReceivableCreatedFromIssuanceOfNotePayable
|
USD | |
| CY2021 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
USD | |
| CY2021Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD |
