$QURT
Quarta-Rad, Inc.

2022 Q4 Form 10-Q Financial Statement

#000149315222033075 Filed on November 21, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $313.1K $160.8K $218.5K
YoY Change -5.58% -26.42% 3.73%
Cost Of Revenue $143.1K $152.9K
YoY Change -36.25% -11.97%
Gross Profit $170.0K $10.30K $65.58K
YoY Change 58.68% -84.29% 77.63%
Gross Profit Margin 54.3% 6.41% 30.02%
Selling, General & Admin $77.21K $55.87K $87.30K
YoY Change -7.87% -36.0% 106.77%
% of Gross Profit 45.41% 542.43% 133.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $200.00 $200.00 $200.00
YoY Change 0.0% 0.0%
% of Gross Profit 0.12% 1.94% 0.3%
Operating Expenses $77.21K $55.87K $87.31K
YoY Change -7.89% -36.01% 106.8%
Operating Profit $92.80K -$45.57K -$21.73K
YoY Change 297.94% 109.71% 310.0%
Interest Expense $32.62K $18.47K -$14.35K
YoY Change -135.9% -228.71%
% of Operating Profit 35.15%
Other Income/Expense, Net -$29.47K $190.00
YoY Change -15610.53%
Pretax Income $125.4K -$56.57K -$35.89K
YoY Change -279.63% 57.61% 577.17%
Income Tax $26.34K -$11.88K -$7.540K
% Of Pretax Income 21.0%
Net Earnings $99.08K -$44.69K -$28.35K
YoY Change -271.33% 57.63% 434.91%
Net Earnings / Revenue 31.64% -27.8% -12.98%
Basic Earnings Per Share
Diluted Earnings Per Share $0.01 -$2.851K -$1.810K
COMMON SHARES
Basic Shares Outstanding 15.67M shares 15.67M shares 15.66M shares
Diluted Shares Outstanding 15.67M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $467.8K $429.6K $382.8K
YoY Change 20.87% 12.21% 223.49%
Cash & Equivalents $293.9K $246.6K $165.8K
Short-Term Investments $173.9K $183.0K $217.0K
Other Short-Term Assets $33.44K
YoY Change
Inventory $186.1K $217.0K $103.4K
Prepaid Expenses
Receivables $61.66K $40.91K $106.8K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $715.5K $687.5K $626.5K
YoY Change 32.78% 9.75% 146.68%
LONG-TERM ASSETS
Property, Plant & Equipment $2.370K $2.570K $3.370K
YoY Change -25.24% -23.74%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $35.90K $62.23K
YoY Change -9.27%
Total Long-Term Assets $38.27K $64.80K $3.370K
YoY Change -10.47% 1822.97%
TOTAL ASSETS
Total Short-Term Assets $715.5K $687.5K $626.5K
Total Long-Term Assets $38.27K $64.80K $3.370K
Total Assets $753.8K $752.3K $629.8K
YoY Change 29.6% 19.45% 148.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $83.30K $90.96K $72.07K
YoY Change 5.02% 26.21% -39.94%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $404.7K $502.3K $246.5K
YoY Change 63.77% 103.79% -14.41%
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 $404.7K $502.3K $246.5K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $404.7K $502.3K $246.5K
YoY Change 63.77% 103.79% -14.41%
SHAREHOLDERS EQUITY
Retained Earnings $807.00 -$98.28K
YoY Change -105.86%
Common Stock $348.3K $348.3K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $349.1K $250.0K $383.4K
YoY Change
Total Liabilities & Shareholders Equity $753.8K $752.3K $629.8K
YoY Change 29.6% 19.45% 148.01%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income $99.08K -$44.69K -$28.35K
YoY Change -271.33% 57.63% 434.91%
Depreciation, Depletion And Amortization $200.00 $200.00 $200.00
YoY Change 0.0% 0.0%
Cash From Operating Activities $5.790K $98.23K -$56.39K
YoY Change -94.05% -274.2% -194.23%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $41.52K -$48.27K -$150.2K
YoY Change -1526.8% -67.87%
Cash From Investing Activities $41.52K -$48.27K -$150.2K
YoY Change -1526.8% -67.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities 5.790K 98.23K -56.39K
Cash From Investing Activities 41.52K -48.27K -150.2K
Cash From Financing Activities
Net Change In Cash 47.31K 49.96K -206.6K
YoY Change -49.86% -124.18% -445.29%
FREE CASH FLOW
Cash From Operating Activities $5.790K $98.23K -$56.39K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
usd
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
QURT Increase Decrease In Miscellaneous Liabilities And Deferred Revenue
IncreaseDecreaseInMiscellaneousLiabilitiesAndDeferredRevenue
usd
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
usd
QURT Repayment Of Officer Advance By Transfer Of Marketable Securities At Fair Value
RepaymentOfOfficerAdvanceByTransferOfMarketableSecuritiesAtFairValue
usd
dei Entity Central Index Key
EntityCentralIndexKey
0001549631
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2021Q4 us-gaap Deferred Revenue
DeferredRevenue
usd
CY2022Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
usd
CY2021Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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
000-55964
dei Entity Registrant Name
EntityRegistrantName
Quarta-Rad, Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
45-4232089
dei Entity Address Address Line1
EntityAddressAddressLine1
1201 N. Orange St.
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 700
dei Entity Address City Or Town
EntityAddressCityOrTown
Wilmington
dei Entity Address State Or Province
EntityAddressStateOrProvince
DE
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
19801
dei City Area Code
CityAreaCode
(302)
dei Local Phone Number
LocalPhoneNumber
575-0877
dei Security12b Title
Security12bTitle
Common Stock, par value $0.0001 per share
dei Trading Symbol
TradingSymbol
QURT
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
No
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Shell Company
EntityShellCompany
false
CY2022Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
15674483 shares
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
246569 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
260200 usd
CY2022Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
40906 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
65064 usd
CY2022Q3 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
182987 usd
CY2021Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
126810 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
217040 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
86787 usd
CY2022Q3 us-gaap Assets Current
AssetsCurrent
687502 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
538861 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2570 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3170 usd
CY2022Q3 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
62234 usd
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
39571 usd
CY2022Q3 us-gaap Assets
Assets
752306 usd
CY2021Q4 us-gaap Assets
Assets
581602 usd
CY2022Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
90964 usd
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
79321 usd
CY2022Q3 us-gaap Deferred Revenue
DeferredRevenue
220000 usd
CY2022Q3 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
191325 usd
CY2021Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
167758 usd
CY2022Q3 us-gaap Liabilities Current
LiabilitiesCurrent
502289 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
247079 usd
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
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 Issued
CommonStockSharesIssued
15674483 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
15674483 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
15674483 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
15674483 shares
CY2022Q3 us-gaap Common Stock Value
CommonStockValue
1568 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
1568 usd
CY2022Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
346726 usd
CY2021Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
346726 usd
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-98277 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-13771 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
250017 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
334523 usd
CY2022Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
752306 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
581602 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
160757 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
218488 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
787313 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
914340 usd
CY2022Q3 us-gaap Gross Profit
GrossProfit
10300 usd
CY2021Q3 us-gaap Gross Profit
GrossProfit
65574 usd
us-gaap Gross Profit
GrossProfit
226638 usd
us-gaap Gross Profit
GrossProfit
375943 usd
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10112 usd
CY2021Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10043 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
37296 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
28412 usd
CY2022Q3 us-gaap Advertising Expense
AdvertisingExpense
13559 usd
CY2021Q3 us-gaap Advertising Expense
AdvertisingExpense
17140 usd
us-gaap Advertising Expense
AdvertisingExpense
33212 usd
us-gaap Advertising Expense
AdvertisingExpense
53625 usd
CY2022Q3 us-gaap Professional Fees
ProfessionalFees
32199 usd
CY2021Q3 us-gaap Professional Fees
ProfessionalFees
60118 usd
us-gaap Professional Fees
ProfessionalFees
111485 usd
us-gaap Professional Fees
ProfessionalFees
196418 usd
CY2022Q3 us-gaap Operating Expenses
OperatingExpenses
55870 usd
CY2021Q3 us-gaap Operating Expenses
OperatingExpenses
87301 usd
us-gaap Operating Expenses
OperatingExpenses
181993 usd
us-gaap Operating Expenses
OperatingExpenses
278455 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-45570 usd
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-21727 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
44645 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
97488 usd
CY2022Q3 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
77 usd
CY2021Q3 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
6 usd
us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
82 usd
us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
8 usd
CY2022Q3 QURT Unrealized Gain Loss On Investment
UnrealizedGainLossOnInvestment
18390 usd
CY2021Q3 QURT Unrealized Gain Loss On Investment
UnrealizedGainLossOnInvestment
-14356 usd
QURT Unrealized Gain Loss On Investment
UnrealizedGainLossOnInvestment
-108580 usd
QURT Unrealized Gain Loss On Investment
UnrealizedGainLossOnInvestment
22435 usd
CY2022Q3 us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
-29465 usd
CY2021Q3 us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
186 usd
us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
-43116 usd
us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
-37435 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-56568 usd
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-35891 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-106969 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
82496 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-11879 usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7537 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-22463 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17324 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-44689 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-28354 usd
us-gaap Net Income Loss
NetIncomeLoss
-84506 usd
us-gaap Net Income Loss
NetIncomeLoss
65172 usd
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15674483 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15659483 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15674483 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15659483 shares
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
334523 usd
us-gaap Net Income Loss
NetIncomeLoss
-84506 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
250017 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
294706 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-44689 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
250017 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
318179 usd
us-gaap Net Income Loss
NetIncomeLoss
65172 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
383351 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
411705 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-28354 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
383351 usd
us-gaap Net Income Loss
NetIncomeLoss
-84506 usd
us-gaap Net Income Loss
NetIncomeLoss
65172 usd
us-gaap Depreciation
Depreciation
600 usd
us-gaap Depreciation
Depreciation
600 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-43116 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
186 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-108580 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-15353 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-22463 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17324 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-24158 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
58288 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
130253 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
13919 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
11443 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-5167 usd
QURT Increase Decrease In Miscellaneous Liabilities And Deferred Revenue
IncreaseDecreaseInMiscellaneousLiabilitiesAndDeferredRevenue
65167 usd
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
-220000 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
23567 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
1415 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
194242 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-42863 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
120892 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
334146 usd
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
328765 usd
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
233566 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-207873 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
100580 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-13631 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
57717 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
260200 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
108126 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
246569 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
165843 usd
QURT Repayment Of Officer Advance By Transfer Of Marketable Securities At Fair Value
RepaymentOfOfficerAdvanceByTransferOfMarketableSecuritiesAtFairValue
332533 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
65000 usd
us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_80B_eus-gaap--NatureOfOperations_zS4LV126CmUi" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 2 - <span id="xdx_825_zcjCuB0W3Wzk">NATURE OF BUSINESS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company distributes detection devices, including but not limited to Geiger counters, to homeowners and interested customers in North America and Europe. The Company targets homebuilders and home renovation contractors.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sellavir is a video analytics company whose platform empowers organizations to decode videos to develop creative marketing strategies and analysis through advanced and proprietary technologies using artificial intelligence (“AI”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_840_eus-gaap--UseOfEstimates_zEB491xqS1id" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_863_ziBzaZKNAUNk">Use of Estimates and Assumptions</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”) requires management to make estimates and judgments that affect the reported amounts of assets, liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting periods.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Significant estimates made by management include, among others, provisions for the valuation of accounts receivable, accrual of European VAT reserve, the recoverability of deferred tax assets, and the recoverability of inventory. The Company bases its estimates on historical experience, knowledge of current conditions and belief of what could occur in the future considering available information. The Company reviews its estimates on an on-going basis. The actual results experienced by the Company may differ materially and adversely from its estimates. To the extent there are material differences between the estimates and actual results, future results of operations will be affected.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p>
CY2022Q3 us-gaap Assets
Assets
752306 usd
CY2021Q4 us-gaap Assets
Assets
581602 usd
CY2022Q3 us-gaap Advertising Expense
AdvertisingExpense
13559 usd
us-gaap Advertising Expense
AdvertisingExpense
33212 usd
CY2021Q3 us-gaap Advertising Expense
AdvertisingExpense
17140 usd
us-gaap Advertising Expense
AdvertisingExpense
53625 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_84A_eus-gaap--ConcentrationRiskCreditRisk_zcD6OIslopP7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_864_zKk6qKBiA6j3">Concentration of Credit Risk</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Credit is extended to online platforms and suppliers based on an evaluation of their financial condition, and collateral is generally not required. The Company performs ongoing credit evaluations of its customers and provides an allowance for doubtful accounts as appropriate.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">One customer accounted for <span id="xdx_905_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20220101__20220930__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CreditConcentrationRiskMember__srt--MajorCustomersAxis__custom--ThreeCustomersMember_zjADej5q63Kc" title="Concentration risk percentage">95%</span> of accounts receivable at September 30, 2022 and two customers accounted for <span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20210101__20211231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CreditConcentrationRiskMember__srt--MajorCustomersAxis__custom--ThreeCustomersMember_zMrELAAEY6Lb" title="Concentration risk percentage">93%</span> of accounts receivable at December 31, 2021.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Quarta Rad purchased <span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20220101__20220930__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--CostOfGoodsTotalMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--SupplierConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneVendorMember_zMwtuKWiELW5" title="Concentration risk percentage"><span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20210101__20210930__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--CostOfGoodsTotalMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--SupplierConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneVendorMember_zTPCLtUSNY1d" title="Concentration risk percentage">100%</span></span> of its inventory through one vendor for the nine months ended September 30, 2022, and 2021. Loss of this vendor would materially impact the Company’s ability to purchase inventory.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2022Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
182987 usd
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
126810 usd
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
-220000 usd
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
-220000 usd
CY2021 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0 usd
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
-220000 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4005 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4005 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1435 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
835 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2570 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3170 usd
CY2022Q3 us-gaap Depreciation
Depreciation
200 usd
us-gaap Depreciation
Depreciation
600 usd
CY2021Q3 us-gaap Depreciation
Depreciation
200 usd
us-gaap Depreciation
Depreciation
600 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
436956 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
478500 usd
CY2022Q3 us-gaap Inventory Gross
InventoryGross
82683 usd
CY2021Q4 us-gaap Inventory Gross
InventoryGross
12180 usd
CY2022Q3 us-gaap Due To Officers Or Stockholders Current
DueToOfficersOrStockholdersCurrent
91850 usd
CY2021Q4 us-gaap Due To Officers Or Stockholders Current
DueToOfficersOrStockholdersCurrent
111850 usd
CY2022Q3 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
220000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 integer
CY2019 us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
100000 usd
CY2020 us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
41822 usd
CY2021 us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
35680 usd
us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
3783 usd
us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
18715 usd
CY2021 us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
22498 usd

Files In Submission

Name View Source Status
0001493152-22-033075-index-headers.html Edgar Link pending
0001493152-22-033075-index.html Edgar Link pending
0001493152-22-033075.txt Edgar Link pending
0001493152-22-033075-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex32-2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
MetaLinks.json Edgar Link pending
qurt-20220930.xsd Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
qurt-20220930_cal.xml Edgar Link unprocessable
qurt-20220930_def.xml Edgar Link unprocessable
qurt-20220930_lab.xml Edgar Link unprocessable
qurt-20220930_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed