2022 Q3 Form 10-Q Financial Statement
#000121390022048207 Filed on August 15, 2022
Income Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
Revenue | $37.65K | $65.48K | $31.24K |
YoY Change | |||
Cost Of Revenue | $24.89K | $5.233K | $11.57K |
YoY Change | |||
Gross Profit | $12.76K | $60.25K | $19.67K |
YoY Change | |||
Gross Profit Margin | 33.88% | 92.01% | 62.96% |
Selling, General & Admin | $2.722M | $2.080M | $5.704M |
YoY Change | -34.69% | 335.09% | 106.09% |
% of Gross Profit | 21337.48% | 3452.68% | 28998.58% |
Research & Development | $1.266M | $850.4K | $1.025M |
YoY Change | 106.58% | 50.34% | 63.82% |
% of Gross Profit | 9929.35% | 1411.5% | 5208.9% |
Depreciation & Amortization | $1.514M | $254.2K | $3.040K |
YoY Change | 68385.07% | 11349.55% | 50.5% |
% of Gross Profit | 11866.09% | 421.87% | 15.46% |
Operating Expenses | $6.847M | $4.869M | $6.729M |
YoY Change | 43.24% | 12.47% | 98.3% |
Operating Profit | -$6.834M | -$4.808M | -$6.709M |
YoY Change | 42.97% | 11.08% | 97.72% |
Interest Expense | -$512.2K | -$73.09K | -$201.6K |
YoY Change | -25329.56% | -4639.75% | -14711.59% |
% of Operating Profit | |||
Other Income/Expense, Net | -$735.3K | -$296.2K | -$223.1K |
YoY Change | -234.65% | ||
Pretax Income | -$7.569M | -$5.105M | -$7.134M |
YoY Change | 58.42% | 24.24% | 110.32% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$7.569M | -$5.105M | -$7.134M |
YoY Change | 58.42% | 24.24% | 110.33% |
Net Earnings / Revenue | -20106.46% | -7795.15% | -22835.12% |
Basic Earnings Per Share | -$0.22 | -$0.17 | -$0.24 |
Diluted Earnings Per Share | -$0.22 | -$0.17 | -$244.7K |
COMMON SHARES | |||
Basic Shares Outstanding | 33.90M shares | 29.20M shares | 29.16M shares |
Diluted Shares Outstanding | 33.90M shares | 29.20M shares | 38.14M shares |
Balance Sheet
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $10.38M | $6.743M | $11.51M |
YoY Change | -0.5% | -46.59% | -16.36% |
Cash & Equivalents | $10.38M | $6.743M | $11.51M |
Short-Term Investments | |||
Other Short-Term Assets | $1.697M | $544.8K | $464.4K |
YoY Change | 176.7% | 127.32% | 59.25% |
Inventory | |||
Prepaid Expenses | $318.7K | $421.0K | |
Receivables | $94.81K | $83.97K | $1.284M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $12.17M | $7.372M | $13.26M |
YoY Change | 10.2% | -42.7% | -5.66% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $302.3K | $160.4K | $41.69K |
YoY Change | 821.42% | 421.42% | 26.41% |
Goodwill | $59.13M | $59.13M | |
YoY Change | |||
Intangibles | $23.72M | $25.22M | |
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $83.15M | $84.51M | $41.69K |
YoY Change | 253409.52% | 274545.76% | 26.41% |
TOTAL ASSETS | |||
Total Short-Term Assets | $12.17M | $7.372M | $13.26M |
Total Long-Term Assets | $83.15M | $84.51M | $41.69K |
Total Assets | $95.32M | $91.88M | $13.30M |
YoY Change | 760.4% | 612.48% | -5.59% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $888.1K | $756.6K | $797.0K |
YoY Change | 93.96% | 28.82% | 222.73% |
Accrued Expenses | $673.6K | $296.2K | $16.80K |
YoY Change | 111.87% | 39.57% | -87.54% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $535.7K | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $3.626M | $1.299M | $1.037M |
YoY Change | 367.4% | 62.45% | 72.78% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $7.507M | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $11.47K | ||
YoY Change | |||
Total Long-Term Liabilities | $11.47K | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $3.626M | $1.299M | $1.037M |
Total Long-Term Liabilities | $11.47K | $0.00 | $0.00 |
Total Liabilities | $11.14M | $1.299M | $1.037M |
YoY Change | 1336.48% | 62.45% | 72.78% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$101.2M | -$93.63M | |
YoY Change | |||
Common Stock | $3.390K | $2.920K | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $84.18M | $90.58M | $12.27M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $95.32M | $91.88M | $13.30M |
YoY Change | 760.4% | 612.48% | -5.59% |
Cashflow Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$7.569M | -$5.105M | -$7.134M |
YoY Change | 58.42% | 24.24% | 110.33% |
Depreciation, Depletion And Amortization | $1.514M | $254.2K | $3.040K |
YoY Change | 68385.07% | 11349.55% | 50.5% |
Cash From Operating Activities | -$2.994M | -$4.378M | -$4.194M |
YoY Change | 36.83% | 274.47% | 178.4% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$156.1K | -$59.25M | -$3.380K |
YoY Change | 3556.44% | -16.34% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$1.254M | -$24.33M | -$1.241M |
YoY Change | 782352.41% | ||
Cash From Investing Activities | -$1.410M | -$83.58M | -$1.244M |
YoY Change | 32928.34% | 2687457.56% | 30691.09% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $0.00 | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 8.043M | 83.19M | 212.5K |
YoY Change | -8936255.56% | 262660.96% | 165.63% |
NET CHANGE | |||
Cash From Operating Activities | -2.994M | -4.378M | -4.194M |
Cash From Investing Activities | -1.410M | -83.58M | -1.244M |
Cash From Financing Activities | 8.043M | 83.19M | 212.5K |
Net Change In Cash | 3.639M | -4.771M | -5.225M |
YoY Change | -265.97% | 318.29% | 265.28% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$2.994M | -$4.378M | -$4.194M |
Capital Expenditures | -$156.1K | -$59.25M | -$3.380K |
Free Cash Flow | -$2.838M | $54.87M | -$4.190M |
YoY Change | 29.94% | -4793.73% | 178.92% |
Facts In Submission
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EarningsPerShareBasic
|
-0.42 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.26 | ||
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.17 | |
CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.14 | |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
14574844 | usd |
CY2021Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
80000 | usd |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
933329 | usd |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1293833 | usd |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3391746 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
13490260 | usd |
CY2021Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
250000 | usd |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
236000 | usd |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
2228691 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4108719 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
12096232 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
16201898 | usd |
CY2022Q1 | qci |
Preferred Oid Amortization
PreferredOIDAmortization
|
212500 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
2985453 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7133692 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
12266159 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
83083867 | usd |
CY2022Q2 | qci |
Preferred Oid Amortization
PreferredOIDAmortization
|
106250 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
229510 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5104576 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
90581210 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-12238268 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-7500466 | usd | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-83969 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-62011 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
168793 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
7342 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
4235 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
291752 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
220644 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-182337 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
77098 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
249884 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3214962 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4691824 | usd | |
qci |
Increase Decrease In Preferred Dividends Payable
IncreaseDecreaseInPreferredDividendsPayable
|
105671 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
1468 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-8571484 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2675458 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
126383 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
4043 | usd | |
qci |
Other Asset Lease Right To Use
OtherAssetLeaseRightToUse
|
4853 | usd | |
us-gaap |
Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
|
97768 | usd | |
us-gaap |
Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
|
3109 | usd | |
qci |
Goodwill1
Goodwill1
|
59125773 | usd | |
qci |
Intangible Assets
IntangibleAssets
|
25472220 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-84826997 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-7152 | usd | |
qci |
Proceeds Fromforgiveness Of Loans
ProceedsFromforgivenessOfLoans
|
-218371 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
330029 | usd | |
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
318750 | usd | |
us-gaap |
Adjustment Of Warrants Granted For Services
AdjustmentOfWarrantsGrantedForServices
|
83083867 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
83402617 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
111658 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-9995864 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-2570952 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
16738657 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
15196322 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6742793 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
12625370 | usd |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
4853 | usd | |
us-gaap |
Stock Issued1
StockIssued1
|
1169329 | usd | |
CY2017Q2 | us-gaap |
Loss Contingency Damages Paid Value
LossContingencyDamagesPaidValue
|
30000 | usd |
CY2017Q2 | qci |
Reimbursement Of Filing Costs
ReimbursementOfFilingCosts
|
1000 | usd |
CY2017Q3 | qci |
Plaintiff Of Shares Issued
PlaintiffOfSharesIssued
|
18500000 | shares |
CY2022Q2 | qci |
Combined Entity Percentage
CombinedEntityPercentage
|
0.49 | pure |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="text-decoration:underline">Use of Estimates:</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">These financial statements have been prepared in accordance with U.S. GAAP. Because a precise determination of assets and liabilities, and correspondingly revenues and expenses, depends on future events, the preparation of financial statements for any period necessarily involves the use of estimates and assumption an example being assumptions in valuation of stock options. Actual amounts may differ from these estimates. These financial statements have, in management’s opinion, been properly prepared within reasonable limits of materiality and within the framework of the accounting policies summarized below.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | ||
CY2022Q2 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
6921161 | usd |
CY2021Q2 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
3615322 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
6921161 | usd |
CY2021Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
3615322 | usd |
CY2022Q2 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
6921161 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
186099 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
59717 | usd |
CY2022Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
25710 | usd |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
18369 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Owned Net
PropertyPlantAndEquipmentOwnedNet
|
160389 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Owned Net
PropertyPlantAndEquipmentOwnedNet
|
30956 | usd |
us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
126382 | usd | |
us-gaap |
Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
|
116315 | usd | |
us-gaap |
Property Plant And Equipment Cost Capitalization
PropertyPlantAndEquipmentCostCapitalization
|
$2,500 | ||
CY2020Q2 | us-gaap |
Loans Payable
LoansPayable
|
218371 | usd |
CY2022Q1 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
1250000 | usd |
CY2021Q2 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
usd | |
us-gaap |
Repurchase Agreements Maturities
RepurchaseAgreementsMaturities
|
The Note Purchase Agreement contains customary representations and warranties by QPhoton and the Company, as well as a “most favored nations” provision for the benefit of the Company. The Notes issued under the Note Purchase Agreement, including the Note issued on February 18, 2022 April 1, 2022, provide that the indebtedness evidenced by the applicable Note bears simple interest at the rate of 6% per annum (or 15% per annum during the occurrence of an event of default, as defined in the Notes), and becomes due and payable in full on the earlier of (i) March 1, 2023, subject to extension by one year at the option of QPhoton, (ii) a change of control (as defined in the Notes) of QPhoton or (iii) an event of default. | ||
CY2022Q1 | us-gaap |
Repurchase Agreements Maturities
RepurchaseAgreementsMaturities
|
On March 1, 2021, QPhoton entered into a Note Purchase Agreement with BV Advisory Partners, LLC (“BV Advisory”). Under the Note Purchase Agreement, on March 1, 2021, March 23, 2021 and July 9, 2021, QPhoton and BV Advisory, a related party shareholder, entered into convertible promissory notes for $200,592, $150,000, and $150,000, respectively, for a total of $500,592 (the “BV Notes”). The BV Notes all bore interest at a rate of 6% per annum and matured 2 years from the grant date. However, QPhoton only received approximately $375,000 in cash proceeds as $125,041 was paid by BV Advisory directly to The Trustees of the Stevens Institute of Technology (“Stevens Institute”) on behalf of QPhoton, to satisfy QPhoton’s obligations to reimburse costs incurred under the terms of their patent License agreement with the Stevens Institute. | |
CY2022Q2 | us-gaap |
Preferred Stock Convertible Conversion Price
PreferredStockConvertibleConversionPrice
|
5.5 | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
7 | ||
qci |
Merger Agreement Description
MergerAgreementDescription
|
The merger consideration to be paid to the stockholders of QPhoton (the “Merger Consideration”) consists of (i) 5,802,206 shares of the Company’s common stock, par value $0.0001 per share (“Common Stock”), (ii) 2,377,028 shares of a new series of the Company’s preferred stock, par value $0.0001 per share, to be designated Series B convertible preferred stock (“Series B Preferred Stock”), and (iii) warrants to purchase up to 7,028,337 shares of Common Stock (the “Warrants”). The Merger Consideration will be issued upon presentation of certain required documents and surrender of the QPhoton shares. | ||
CY2022Q2 | us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
45455 | shares |
us-gaap |
Description Of Defined Contribution Pension And Other Postretirement Plans
DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans
|
The Company also offers a 401K retirement savings plan to all full-time employees. | ||
qci |
Consideration Agreement Description
ConsiderationAgreementDescription
|
As consideration for the license and other rights granted under the agreement, QPhoton agreed to pay the following: (i) $35,000 within 30 days of execution of the agreement, (ii) $28,000 within 30 days of each annual anniversary of the effective date, (iii) equity in the Company equivalent to nine percent of the membership units of the Company within 30 days of the execution of the agreement, and (iv) royalties of 3.5% of the Net Sales Price of each licensed product sold or licensed by the company during the quarter then-ended, for which it also received payment, concurrent with the delivery of the relevant quarterly report. | ||
CY2022Q2 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
usd | |
CY2021Q4 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
usd | |
qci |
Interest Expense Preferred Dividends
InterestExpensePreferredDividends
|
usd | ||
qci |
Interest Expense Financing Costs
InterestExpenseFinancingCosts
|
usd | ||
CY2021Q2 | qci |
Interest Expense Financing Costs
InterestExpenseFinancingCosts
|
usd | |
qci |
Misc Income Government Grants
MiscIncomeGovernmentGrants
|
usd | ||
CY2022Q2 | qci |
Misc Income Government Grants
MiscIncomeGovernmentGrants
|
usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | ||
CY2022Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2021Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
29204543 | shares | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
29204543 | shares |
CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.14 | |
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.17 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.26 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.42 | ||
CY2021Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
usd | |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
usd | |
CY2022Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
usd | |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
usd | |
CY2022Q2 | qci |
Derivative Mark To Market
DerivativeMarkToMarket
|
usd | |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
usd | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
usd | ||
qci |
Increase Decrease In Preferred Dividends Payable
IncreaseDecreaseInPreferredDividendsPayable
|
usd | ||
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
usd | ||
qci |
Other Asset Lease Right To Use
OtherAssetLeaseRightToUse
|
usd | ||
us-gaap |
Adjustment Of Warrants Granted For Services
AdjustmentOfWarrantsGrantedForServices
|
usd | ||
us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | ||
us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | ||
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
usd | ||
CY2022Q2 | us-gaap |
Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
|
5356844 | usd |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001758009 |