$QUBT
Quantum Computing Inc. Stock $qubt

$qubt Overview Financials Valuation SEC Filings Company Website

2022 Q4 Form 10-Q Financial Statement

#000121390022072142 Filed on November 14, 2022

Income Statement

Concept	2022 Q4	2022 Q3	2021 Q4
Revenue	$1.280K	$37.65K	$0.00
YoY Change
Cost Of Revenue	$19.24K	$24.89K	$0.00
YoY Change
Gross Profit	-$17.96K	$12.76K	$0.00
YoY Change
Gross Profit Margin	-1403.13%	33.88%
Selling, General & Admin	$16.79M	$2.722M	$3.838M
YoY Change	337.5%	-34.69%	-29.44%
% of Gross Profit		21337.48%
Research & Development	$1.420M	$1.266M	$790.6K
YoY Change	79.64%	106.58%	38.7%
% of Gross Profit		9929.35%
Depreciation & Amortization	$1.530M	$1.514M	$2.550K
YoY Change	59897.65%	68385.07%	36.36%
% of Gross Profit		11866.09%
Operating Expenses	$18.21M	$6.847M	$4.628M
YoY Change	293.45%	43.24%	-23.0%
Operating Profit	-$18.23M	-$6.834M	-$4.628M
YoY Change	293.84%	42.97%	-23.0%
Interest Expense	-$338.3K	-$512.2K	-$158.9K
YoY Change	112.88%	-25329.56%	-93.64%
% of Operating Profit
Other Income/Expense, Net	-$219.8K	-$735.3K	-$10.83M
YoY Change	-97.97%		419.91%
Pretax Income	-$18.79M	-$7.569M	-$15.62M
YoY Change	20.27%	58.42%	47.36%
Income Tax	$0.00		$0.00
% Of Pretax Income
Net Earnings	-$18.79M	-$7.569M	-$15.62M
YoY Change	20.27%	58.42%	47.36%
Net Earnings / Revenue	-1467667.97%	-20106.46%
Basic Earnings Per Share		-$0.22
Diluted Earnings Per Share	-$0.34	-$0.22	-$535.7K
COMMON SHARES
Basic Shares Outstanding	53.30M shares	33.90M shares
Diluted Shares Outstanding		33.90M shares

Balance Sheet

Concept	2022 Q4	2022 Q3	2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$5.308M	$10.38M	$16.74M
YoY Change	-68.29%	-0.5%	10.15%
Cash & Equivalents	$5.308M	$10.38M	$16.74M
Short-Term Investments
Other Short-Term Assets	$42.11K	$1.697M	$504.2K
YoY Change	-91.65%	176.7%	1136.67%
Inventory
Prepaid Expenses	$224.3K	$318.7K	$483.0K
Receivables	$12.77K	$94.81K
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$5.588M	$12.17M	$17.24M
YoY Change	-67.59%	10.2%	13.16%
LONG-TERM ASSETS
Property, Plant & Equipment	$975.2K	$302.3K	$41.35K
YoY Change	2258.44%	821.42%	33.55%
Goodwill	$59.13M	$59.13M
YoY Change
Intangibles	$22.22M	$23.72M	$0.00
YoY Change
Long-Term Investments
YoY Change
Other Assets	$82.74M		$21.19K
YoY Change	390300.2%
Total Long-Term Assets	$83.71M	$83.15M	$41.35K
YoY Change	202368.64%	253409.52%	33.59%
TOTAL ASSETS
Total Short-Term Assets	$5.588M	$12.17M	$17.24M
Total Long-Term Assets	$83.71M	$83.15M	$41.35K
Total Assets	$89.30M	$95.32M	$17.28M
YoY Change	416.66%	760.4%	13.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$871.9K	$888.1K	$464.9K
YoY Change	87.56%	93.96%	26.77%
Accrued Expenses	$3.560M	$673.6K	$478.5K
YoY Change	643.98%	111.87%	342.53%
Deferred Revenue
YoY Change
Short-Term Debt	$535.7K	$535.7K	$0.00
YoY Change			-100.0%
Long-Term Debt Due	$535.7K
YoY Change
Total Short-Term Liabilities	$6.545M	$3.626M	$1.082M
YoY Change	504.76%	367.4%	56.13%
LONG-TERM LIABILITIES
Long-Term Debt	$7.633M	$7.507M	$0.00
YoY Change
Other Long-Term Liabilities	$225.3K	$11.47K
YoY Change
Total Long-Term Liabilities	$7.858M	$11.47K	$0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$6.545M	$3.626M	$1.082M
Total Long-Term Liabilities	$7.858M	$11.47K	$0.00
Total Liabilities	$14.40M	$11.14M	$1.082M
YoY Change	1230.83%	1336.48%	56.13%
SHAREHOLDERS EQUITY
Retained Earnings	-$120.0M	-$101.2M	-$81.39M
YoY Change	47.42%
Common Stock	$5.596K	$3.390K	$2.916K
YoY Change	91.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$74.90M	$84.18M	$16.20M
YoY Change
Total Liabilities & Shareholders Equity	$89.30M	$95.32M	$17.28M
YoY Change	416.66%	760.4%	13.2%

Cashflow Statement

Concept	2022 Q4	2022 Q3	2021 Q4
OPERATING ACTIVITIES
Net Income	-$18.79M	-$7.569M	-$15.62M
YoY Change	20.27%	58.42%	47.36%
Depreciation, Depletion And Amortization	$1.530M	$1.514M	$2.550K
YoY Change	59897.65%	68385.07%	36.36%
Cash From Operating Activities	-$5.992M	-$2.994M	-$1.942M
YoY Change	208.63%	36.83%	-68.12%
INVESTING ACTIVITIES
Capital Expenditures	-$58.54M	-$156.1K	-$11.08K
YoY Change	528226.71%	3556.44%	27.21%
Acquisitions
YoY Change
Other Investing Activities	$25.47M	-$1.254M	-$18.08K
YoY Change	-140981.91%
Cash From Investing Activities	$84.01M	-$1.410M	-$29.16K
YoY Change	-288200.31%	32928.34%	234.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-83.09M	8.043M	8.276M
YoY Change	-1103.96%	-8936255.56%	-52.21%
NET CHANGE
Cash From Operating Activities	-5.992M	-2.994M	-1.942M
Cash From Investing Activities	84.01M	-1.410M	-29.16K
Cash From Financing Activities	-83.09M	8.043M	8.276M
Net Change In Cash	-5.073M	3.639M	6.306M
YoY Change	-180.45%	-265.97%	-43.79%
FREE CASH FLOW
Cash From Operating Activities	-$5.992M	-$2.994M	-$1.942M
Capital Expenditures	-$58.54M	-$156.1K	-$11.08K
Free Cash Flow	$52.55M	-$2.838M	-$1.930M
YoY Change	-2821.92%	29.94%	-68.26%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	us-gaap	Cost Of Revenue CostOfRevenue		usd
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2022-09-30
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	000-40615
	dei	Entity Registrant Name EntityRegistrantName	QUANTUM COMPUTING INC.
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	82-4533053
	dei	Entity Address Address Line1 EntityAddressAddressLine1	215 Depot Court SE
	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 215
	dei	Entity Address City Or Town EntityAddressCityOrTown	Leesburg
	dei	Entity Address State Or Province EntityAddressStateOrProvince	VA
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	20175
	dei	City Area Code CityAreaCode	(703)
	dei	Local Phone Number LocalPhoneNumber	436-2121
	dei	Security12b Title Security12bTitle	Common Stock, par value $.0001
	dei	Trading Symbol TradingSymbol	QUBT
	dei	Security Exchange Name SecurityExchangeName	NASDAQ
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
CY2022Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	53301805	shares
CY2022Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	10381376	usd
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	16738657	usd
CY2022Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	94807	usd
CY2022Q3	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	318724	usd
CY2021Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	482998	usd
CY2022Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	302319	usd
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	41348	usd
CY2022Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	1321111	usd
CY2021Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	18084	usd
CY2022Q3	us-gaap	Security Deposit SecurityDeposit	56881	usd
CY2021Q4	us-gaap	Security Deposit SecurityDeposit	3109	usd
CY2022Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	23723030	usd
CY2022Q3	us-gaap	Goodwill Goodwill	59125773	usd
CY2022Q3	us-gaap	Assets Assets	95324021	usd
CY2021Q4	us-gaap	Assets Assets	17284196	usd
CY2022Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	888105	usd
CY2021Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	464870	usd
CY2022Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	673570	usd
CY2021Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	478505	usd
CY2022Q3	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	1305667	usd
CY2021Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	18084	usd
CY2022Q3	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	223125	usd
CY2021Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	117454	usd
CY2022Q3	us-gaap	Loans Payable Current LoansPayableCurrent	535684	usd
CY2021Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	3385	usd
CY2022Q3	us-gaap	Long Term Notes Payable LongTermNotesPayable	7506856	usd
CY2022Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	11465	usd
CY2022Q3	us-gaap	Liabilities Liabilities	11144472	usd
CY2021Q4	us-gaap	Liabilities Liabilities	1082298	usd
CY2022Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2021Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2022Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	250000000	shares
CY2021Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	250000000	shares
CY2022Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	33904329	shares
CY2022Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	33904329	shares
CY2021Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	29156815	shares
CY2021Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	29156815	shares
CY2022Q3	us-gaap	Common Stock Value CommonStockValue	3390	usd
CY2021Q4	us-gaap	Common Stock Value CommonStockValue	2916	usd
CY2022Q3	us-gaap	Preferred Stock Value PreferredStockValue	343	usd
CY2021Q4	us-gaap	Preferred Stock Value PreferredStockValue	154	usd
CY2022Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	150798571	usd
CY2021Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	67396618	usd
CY2022Q3	qubt	Apic Beneficial Conversion Feature In Equity APICBeneficialConversionFeatureInEquity	4898835	usd
CY2021Q4	qubt	Apic Beneficial Conversion Feature In Equity APICBeneficialConversionFeatureInEquity	4898835	usd
CY2022Q3	qubt	Apic Stock Based Compensation APICStockBasedCompensation	29680037	usd
CY2021Q4	qubt	Apic Stock Based Compensation APICStockBasedCompensation	25297456	usd
CY2022Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-101201627	usd
CY2021Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-81394081	usd
CY2022Q3	us-gaap	Stockholders Equity StockholdersEquity	84179549	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	16201898	usd
CY2022Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	95324021	usd
CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	17284196	usd
	us-gaap	Revenues Revenues	134370	usd
CY2022Q3	us-gaap	Revenues Revenues	37646	usd
	us-gaap	Cost Of Revenue CostOfRevenue	41692	usd
CY2022Q3	us-gaap	Cost Of Revenue CostOfRevenue	24891	usd
	us-gaap	Gross Profit GrossProfit	92678	usd
CY2022Q3	us-gaap	Gross Profit GrossProfit	12755	usd
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	3776324	usd
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	1409055	usd
CY2022Q3	us-gaap	Labor And Related Expense LaborAndRelatedExpense	1299587	usd
CY2021Q3	us-gaap	Labor And Related Expense LaborAndRelatedExpense	655017	usd
	qubt	Consulting Expenses ConsultingExpenses	923620	usd
	qubt	Consulting Expenses ConsultingExpenses	827569	usd
CY2022Q3	qubt	Consulting Expenses ConsultingExpenses	297107	usd
CY2021Q3	qubt	Consulting Expenses ConsultingExpenses	301747	usd
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	3141520	usd
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	1795194	usd
CY2022Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	1266489	usd
CY2021Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	613057	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	4665631	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	7109981	usd
CY2022Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	1261969	usd
CY2021Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	2584810	usd
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	5936871	usd
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1360019	usd
CY2022Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	2721596	usd
CY2021Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	625357	usd
	us-gaap	Operating Expenses OperatingExpenses	18443966	usd
	us-gaap	Operating Expenses OperatingExpenses	12501818	usd
CY2022Q3	us-gaap	Operating Expenses OperatingExpenses	6846748	usd
CY2021Q3	us-gaap	Operating Expenses OperatingExpenses	4779988	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-18351288	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-12501818	usd
CY2022Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-6833993	usd
CY2021Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-4779988	usd
	us-gaap	Interest Income Other InterestIncomeOther	45187	usd
	us-gaap	Interest Income Other InterestIncomeOther	5025	usd
CY2022Q3	us-gaap	Interest Income Other InterestIncomeOther	1160	usd
CY2021Q3	us-gaap	Interest Income Other InterestIncomeOther	2031	usd
	qubt	Interest Expense Preferred Dividends InterestExpensePreferredDividends	669375	usd
CY2022Q3	qubt	Interest Expense Preferred Dividends InterestExpensePreferredDividends	223125	usd
	qubt	Income From Promissory Notes IncomeFromPromissoryNotes	-18320	usd
CY2022Q3	qubt	Income From Promissory Notes IncomeFromPromissoryNotes	-18320	usd
	qubt	Interest Expense Financing Costs InterestExpenseFinancingCosts	-813750	usd
CY2022Q3	qubt	Interest Expense Financing Costs InterestExpenseFinancingCosts	-495000	usd
	qubt	Misc Income Government Grants MiscIncomeGovernmentGrants	-218371	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-1456258	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	223396	usd
CY2022Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-735285	usd
CY2021Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	2031	usd
	us-gaap	Net Income Loss NetIncomeLoss	-19807546	usd
	us-gaap	Net Income Loss NetIncomeLoss	-12278422	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	-7569278	usd
CY2021Q3	us-gaap	Net Income Loss NetIncomeLoss	-4777957	usd
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	33904329	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	29156815	shares
CY2022Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	33904329	shares
CY2021Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	29156815	shares
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.58
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.42
CY2022Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.22
CY2021Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.16
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
CY2021Q3	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	594794	usd
CY2021Q3	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	2390190	usd
CY2021Q3	us-gaap	Net Income Loss NetIncomeLoss	-4777957	usd
CY2021Q3	us-gaap	Stockholders Equity StockholdersEquity	10303259	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	16201898	usd
CY2022Q1	qubt	Stock Issue During Period Value Preferred Oid Amortization StockIssueDuringPeriodValuePreferredOIDAmortization	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	qubt	Stock Issue During Period Value Preferred Oid Amortization StockIssueDuringPeriodValuePreferredOIDAmortization	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
CY2022Q3	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	1167617	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	-7569278	usd
CY2022Q3	us-gaap	Stockholders Equity StockholdersEquity	84179549	usd
	us-gaap	Net Income Loss NetIncomeLoss	-19807546	usd
	us-gaap	Net Income Loss NetIncomeLoss	-12278422	usd
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-94807	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-164272	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	549884	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	21551	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	6453	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	423235	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	91188	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	206530	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	190374	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1749190	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	4382581	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	7676899	usd
	qubt	Increase Decrease In Preferred Dividends Payable IncreaseDecreaseInPreferredDividendsPayable	105671	usd
	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	1284198	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-11565125	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-4863392	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	282521	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	8306	usd
	qubt	Other Asset Lease Right To Use OtherAssetLeaseRightToUse	1303027	usd
	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	56424	usd
	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	3109	usd
	qubt	Other Current Assets1 OtherCurrentAssets1	2652	usd
	qubt	Goodwill1 Goodwill1	59125773	usd
	qubt	Intangible Assets IntangibleAssets	25472220	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-86237313	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-11415	usd
	qubt	Proceeds Fromforgiveness Of Loans ProceedsFromforgivenessOfLoans	8042540	usd
	qubt	Proceeds Fromforgiveness Of Loans ProceedsFromforgivenessOfLoans	-218371	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	329938	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	91445157	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	111567	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-6357281	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-4763240	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
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	10381376	usd
CY2021Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	10433082	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	1303027	usd
	us-gaap	Stock Issued1 StockIssued1	7676899	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	325606	usd
	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1	83083867	usd
CY2017Q2	us-gaap	Loss Contingency Damages Paid Value LossContingencyDamagesPaidValue	30000	usd
CY2017Q2	qubt	Reimbursement Of Filing Costs ReimbursementOfFilingCosts	1000	usd
CY2017Q3	qubt	Plaintiff Of Shares Issued PlaintiffOfSharesIssued	18500000	shares
CY2022Q2	qubt	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>
	qubt	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.
CY2022Q3	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	8369585	usd
CY2021Q3	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	4185540	usd
CY2022Q3	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	8369585	usd
CY2021Q3	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	4185540	usd
CY2022Q3	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	8369585	usd
CY2022Q3	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent		usd
CY2022Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	342238	usd
CY2021Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	59717	usd
CY2022Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	39919	usd
CY2021Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	18369	usd
CY2022Q3	us-gaap	Property Plant And Equipment Owned Net PropertyPlantAndEquipmentOwnedNet	302319	usd
CY2021Q4	us-gaap	Property Plant And Equipment Owned Net PropertyPlantAndEquipmentOwnedNet	41348	usd
	us-gaap	Property Plant And Equipment Additions PropertyPlantAndEquipmentAdditions	282521	usd
	us-gaap	Finitelived Intangible Assets Acquired1 FinitelivedIntangibleAssetsAcquired1	116315	usd
CY2022Q3	qubt	Property Plant And Equipment Collections Capitalized PropertyPlantAndEquipmentCollectionsCapitalized	2500	usd
CY2020Q2	us-gaap	Loans Payable LoansPayable	218371	usd
CY2022Q1	us-gaap	Debt Instrument Face Amount DebtInstrumentFaceAmount	1250000	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.
CY2021Q4	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent		usd
CY2021Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill		usd
CY2021Q4	us-gaap	Goodwill Goodwill		usd
CY2021Q4	us-gaap	Loans Payable Current LoansPayableCurrent		usd
CY2022Q3	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent		usd
CY2021Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable		usd
CY2021Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent		usd
CY2022Q3	us-gaap	Common Stock Share Subscribed But Unissued Subscriptions Receivable CommonStockShareSubscribedButUnissuedSubscriptionsReceivable		usd
CY2021Q4	us-gaap	Common Stock Share Subscribed But Unissued Subscriptions Receivable CommonStockShareSubscribedButUnissuedSubscriptionsReceivable		usd
CY2022Q1	us-gaap	Repurchase Agreements Maturities RepurchaseAgreementsMaturities	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.
CY2022Q3	us-gaap	Repurchase Agreements Maturities RepurchaseAgreementsMaturities	pursuant to which the Investor purchased an unsecured promissory note (the “Note” or the “Streeterville Unsecured Note”) in the initial principal amount of $8,250,000. The Note bears interest at 10% per annum. The maturity date of the Note is 18 months from the date of its issuance (the “Maturity Date”). The Note carries an original issue discount of $750,000, which is included in the principal balance of the Note. If the Company elects to prepay the Note prior to the Maturity Date, it must pay to Investor 120% of the portion of the Outstanding Balance the Company elects to prepay.
	qubt	Redemption Amount RedemptionAmount	750000	usd
	qubt	Interest Rate Of Lesser InterestRateOfLesser	0.15	pure
CY2022Q3	us-gaap	Preferred Stock Convertible Conversion Price PreferredStockConvertibleConversionPrice	5.5
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	7
CY2022Q2	us-gaap	Conversion Of Stock Description ConversionOfStockDescription	one of the investors in the Series A Convertible Preferred financing round, Falcon Capital Partners, converted 45,455 shares of Series A Convertible Preferred stock into 47,728 shares of the Company’s Common Stock.
	qubt	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 for stockholder Yuping Huang was issued and the remaining Merger Consideration for the other stockholders will be issued upon presentation of certain required documents and surrender of their QPhoton 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.
	us-gaap	Revenues Revenues		usd
CY2021Q3	us-gaap	Revenues Revenues		usd
CY2021Q3	us-gaap	Cost Of Revenue CostOfRevenue		usd
	us-gaap	Gross Profit GrossProfit		usd
CY2021Q3	us-gaap	Gross Profit GrossProfit		usd
	qubt	Interest Expense Preferred Dividends InterestExpensePreferredDividends		usd
CY2021Q3	qubt	Interest Expense Preferred Dividends InterestExpensePreferredDividends		usd
	qubt	Income From Promissory Notes IncomeFromPromissoryNotes		usd
CY2021Q3	qubt	Income From Promissory Notes IncomeFromPromissoryNotes		usd
	qubt	Interest Expense Financing Costs InterestExpenseFinancingCosts		usd
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	qubt	Misc Income Government Grants MiscIncomeGovernmentGrants		usd
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	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
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	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	29156815	shares
CY2021Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	29156815	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	33904329	shares
CY2022Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	33904329	shares
CY2021Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.16
CY2022Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.22
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.42
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.58
CY2021Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation		usd
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CY2022Q1	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices		usd
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CY2022Q2	us-gaap	Stock Issued During Period Value Conversion Of Units StockIssuedDuringPeriodValueConversionOfUnits		usd
CY2022Q2	qubt	Stock Issue During Period Value Derivatives Warrants StockIssueDuringPeriodValueDerivativesWarrants		usd
CY2022Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation		usd
CY2022Q3	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues		usd
CY2022Q3	us-gaap	Stock Issued During Period Value Conversion Of Units StockIssuedDuringPeriodValueConversionOfUnits		usd
CY2022Q3	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions		usd
CY2022Q3	qubt	Stock Issue During Period Value Derivatives Warrants StockIssueDuringPeriodValueDerivativesWarrants		usd
CY2022Q3	qubt	Stock Issue During Period Value Preferred Oid Amortization StockIssueDuringPeriodValuePreferredOIDAmortization		usd
CY2022Q3	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation		usd
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts		usd
	qubt	Increase Decrease In Preferred Dividends Payable IncreaseDecreaseInPreferredDividendsPayable		usd
	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability		usd
	qubt	Other Asset Lease Right To Use OtherAssetLeaseRightToUse		usd
	qubt	Goodwill1 Goodwill1		usd
	qubt	Intangible Assets IntangibleAssets		usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock		usd
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CY2022Q3	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet		usd
CY2021Q3	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet		usd
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Entity Central Index Key EntityCentralIndexKey	0001758009

Files In Submission

Name	View Source	Status
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0001213900-22-072142-index.html	Edgar Link	pending
0001213900-22-072142.txt	Edgar Link	pending
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f10q0922ex31-1_quantumcomp.htm	Edgar Link	pending
f10q0922ex31-2_quantumcomp.htm	Edgar Link	pending
f10q0922ex32-1_quantumcomp.htm	Edgar Link	pending
f10q0922ex32-2_quantumcomp.htm	Edgar Link	pending
f10q0922_quantumcomp.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
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report.css	Edgar Link	pending
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qubt-20220930_pre.xml	Edgar Link	unprocessable

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#000121390022072142 Filed on November 14, 2022

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2022 Q4 Form 10-Q Financial Statement

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