2023 Q1 Form 10-K Financial Statement

#000149315223009477 Filed on March 29, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $352.8K $267.7K $1.243M
YoY Change -0.71% -18.87% -12.11%
Cost Of Revenue $165.5K $132.7K $623.7K
YoY Change -0.71% -15.49% -16.14%
Gross Profit $187.3K $135.0K $619.5K
YoY Change -0.71% -21.94% -7.64%
Gross Profit Margin 53.1% 50.43% 49.83%
Selling, General & Admin $226.5K $208.6K $917.8K
YoY Change 11.69% -11.67% -12.26%
% of Gross Profit 120.92% 154.47% 148.15%
Research & Development $63.55K $54.12K $190.1K
YoY Change 119.28% 93.49% 109.22%
% of Gross Profit 33.92% 40.08% 30.69%
Depreciation & Amortization $36.64K $36.64K $128.0K
YoY Change 103.24% 103.22% 254.85%
% of Gross Profit 19.56% 27.14% 20.65%
Operating Expenses $308.1K $280.7K $1.180M
YoY Change 23.33% -0.5% 0.6%
Operating Profit -$120.8K -$145.7K -$560.5K
YoY Change 97.54% 33.49% 11.6%
Interest Expense $71.80K -$70.50K $433.4K
YoY Change -156.46% -49.57% -275.85%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$192.6K -$216.2K -$996.0K
YoY Change 1.19% -20.04% 29.32%
Income Tax
% Of Pretax Income
Net Earnings -$192.6K -$216.2K -$996.0K
YoY Change 1.18% -20.04% 29.32%
Net Earnings / Revenue -54.58% -80.76% -80.12%
Basic Earnings Per Share -$0.02 -$0.11
Diluted Earnings Per Share -$0.02 -$0.02 -$0.11
COMMON SHARES
Basic Shares Outstanding 9.316M shares 9.316M shares 8.997M shares
Diluted Shares Outstanding 9.316M shares 8.997M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $93.08K $178.7K $178.7K
YoY Change -40.16% -37.71% -37.71%
Cash & Equivalents $93.08K $178.7K $178.7K
Short-Term Investments
Other Short-Term Assets $9.730K $7.310K $7.310K
YoY Change -86.47% -67.81% -67.81%
Inventory $27.30K $51.84K $51.84K
Prepaid Expenses
Receivables $76.24K $47.73K $47.73K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $206.3K $285.6K $285.6K
YoY Change -47.98% -35.94% -35.94%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.635M $1.672M $1.672M
YoY Change -8.23% -5.15% -5.15%
TOTAL ASSETS
Total Short-Term Assets $206.3K $285.6K $285.6K
Total Long-Term Assets $1.635M $1.672M $1.672M
Total Assets $1.842M $1.957M $1.957M
YoY Change -15.47% -11.37% -11.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $187.4K $85.74K $85.74K
YoY Change 466.98% 320.93% 320.91%
Accrued Expenses $18.99K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $288.4K $342.4K $1.162M
YoY Change -53.03% 34.87% 114.34%
Long-Term Debt Due $288.4K $342.4K $342.4K
YoY Change -15.73% 34.87% 34.87%
Total Short-Term Liabilities $1.811M $1.707M $1.707M
YoY Change 74.86% 95.08% 95.08%
LONG-TERM LIABILITIES
Long-Term Debt $141.1K $174.4K $174.4K
YoY Change -69.19% -65.33% -65.33%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $141.1K $174.4K $174.4K
YoY Change -69.78% -65.77% -65.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.811M $1.707M $1.707M
Total Long-Term Liabilities $141.1K $174.4K $174.4K
Total Liabilities $1.952M $1.881M $1.881M
YoY Change 29.92% 35.88% 35.88%
SHAREHOLDERS EQUITY
Retained Earnings -$3.707M -$3.515M
YoY Change 39.54%
Common Stock $932.00 $932.00
YoY Change 6.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$110.3K $76.25K $76.25K
YoY Change
Total Liabilities & Shareholders Equity $1.842M $1.957M $1.957M
YoY Change -15.47% -11.37% -11.37%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$192.6K -$216.2K -$996.0K
YoY Change 1.18% -20.04% 29.32%
Depreciation, Depletion And Amortization $36.64K $36.64K $128.0K
YoY Change 103.24% 103.22% 254.85%
Cash From Operating Activities $1.702K -$69.78K -$351.0K
YoY Change -101.24% -41.17% -1.06%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $37.12K
YoY Change -100.0% -124.02%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities $0.00 -$37.12K
YoY Change -100.0% -75.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $50.00K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$87.32K 10.55K $280.0K
YoY Change -301.89% -111.54% -60.11%
NET CHANGE
Cash From Operating Activities $1.702K -69.78K -$351.0K
Cash From Investing Activities 0.000 -$37.12K
Cash From Financing Activities -$87.32K 10.55K $280.0K
Net Change In Cash -$85.62K -59.23K -$108.2K
YoY Change -34.79% -76.9% -156.18%
FREE CASH FLOW
Cash From Operating Activities $1.702K -$69.78K -$351.0K
Capital Expenditures $0.00 $37.12K
Free Cash Flow -$69.78K -$388.1K
YoY Change -3.37% 93.89%

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CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
50000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
30000 usd
CY2022 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
400000 usd
CY2021 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
850000 usd
CY2022 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
239800 usd
CY2021 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
86000 usd
CY2022 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
379848 usd
CY2021 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
179178 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
30000 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
85000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
279952 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
701822 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-108161 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
192513 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
286855 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
178694 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
286855 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
71785 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
43023 usd
CY2021 USAQ Longterm Debt And Accrued Interest Converted To Shares Of Preferred Stock
LongtermDebtAndAccruedInterestConvertedToSharesOfPreferredStock
426081 usd
CY2022 USAQ Debt And Accrued Interest Converted To Shares Of Common Stock
DebtAndAccruedInterestConvertedToSharesOfCommonStock
77925 usd
CY2021 USAQ Debt And Accrued Interest Converted To Shares Of Common Stock
DebtAndAccruedInterestConvertedToSharesOfCommonStock
376286 usd
CY2021 us-gaap Stock Issued1
StockIssued1
1612500 usd
CY2021 USAQ Common Stock Issued For Debt Issuance Costs
CommonStockIssuedForDebtIssuanceCosts
30000 usd
CY2022 USAQ Warrants Issued In Conjunction With Convertible Note Payable
WarrantsIssuedInConjunctionWithConvertibleNotePayable
81183 usd
CY2021 USAQ Warrants Issued In Conjunction With Convertible Note Payable
WarrantsIssuedInConjunctionWithConvertibleNotePayable
221779 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_80B_eus-gaap--NatureOfOperations_zpmn2Uqc02z2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Note 1. <span id="xdx_82B_zwHrQeNnD1Ra">The Company</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">QHSLab, Inc. (f/k/a USA Equities Corp.) (the “Company” or the “Registrant”) was incorporated in Delaware on September 1, 1983<span style="background-color: white">. </span>In 2015, the Company changed its name to USA Equities Corp. and created a wholly-owned subsidiary for future operations (“USAQ Corporation, Inc.”). In 2019, the Company consummated a share exchange agreement with the stockholders of Medical Practice Income, Inc. a Florida corporation (“MPI”). As a result of the acquisition, MPI became a wholly-owned subsidiary of the Company and the Company became engaged in value-based healthcare, informatics and algorithmic personalized medicine including digital therapeutics, behavior based remote patient monitoring, chronic care and preventive medicine. On September 23, 2021, the Company changed its state of incorporation from Delaware to Nevada as a result of a merger with and into its newly formed wholly-owned subsidiary, USA Equities Corp., a Nevada corporation (“USA Equities Nevada”), the surviving entity pursuant to an Agreement and Plan of Merger. USA Equities Nevada is deemed to be the successor to USA Equities Corp., the Delaware corporation. <span style="background-color: white">On April 19, 2022, the Company changed its name to QHSLab, Inc.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company is a medical device technology and software-as-a-service (“SaaS”) company focused on enabling primary care physicians (“PCP’s”) to increase their revenues by providing them with relevant, value-based tools to evaluate and treat chronic disease as well as provide preventive care through reimbursable procedures.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84A_eus-gaap--UseOfEstimates_zRgM7y9Ctbae" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_862_z11ffpwJEzM1">Use of Estimates</span>:</i> The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from the estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p>
CY2022Q4 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
167543 usd
CY2021Q4 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
186271 usd
CY2022 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
55847 usd
CY2021 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
0 usd
CY2022 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
0 usd
CY2021 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
0 usd
CY2022 USAQ Net Operating Losses Carryforwards Expire Date
NetOperatingLossesCarryforwardsExpireDate
begin to expire in 2027
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
190117 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
90874 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
3514896 usd
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
55964 usd
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
70474 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
8230 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
47734 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
70474 usd
CY2022Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
223390 usd
CY2021Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
186271 usd
CY2022Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
55847 usd
CY2022Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
167543 usd
CY2021Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
186271 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1612500 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1612500 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
108168 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
36056 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1504332 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1576444 usd
CY2022 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
55847 usd
CY2021 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
0 usd
CY2022 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
0 usd
CY2021 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
0 usd
CY2021Q2 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
1612500 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
72112 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
36056 usd
CY2022 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
0 usd
CY2021 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
0 usd
CY2022Q4 us-gaap Debt Default Longterm Debt Amount
DebtDefaultLongtermDebtAmount
426451 usd
CY2021Q4 us-gaap Debt Default Longterm Debt Amount
DebtDefaultLongtermDebtAmount
644158 usd
CY2022Q1 us-gaap Proceeds From Loans
ProceedsFromLoans
128500 usd
CY2022Q1 us-gaap Payments For Loans
PaymentsForLoans
16305 usd
CY2021Q4 us-gaap Loans Payable
LoansPayable
16793 usd
CY2022Q4 us-gaap Proceeds From Loans
ProceedsFromLoans
111300 usd
CY2022Q4 us-gaap Payments For Loans
PaymentsForLoans
13776 usd
CY2022Q4 us-gaap Loans Payable
LoansPayable
93146 usd
CY2022Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
1246000 usd
CY2021Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
881000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
84082 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
238896 usd
CY2022Q4 USAQ Convertible Notes Payable Debt Discount And Issuance Costs
ConvertibleNotesPayableDebtDiscountAndIssuanceCosts
1161918 usd
CY2021Q4 USAQ Convertible Notes Payable Debt Discount And Issuance Costs
ConvertibleNotesPayableDebtDiscountAndIssuanceCosts
642104 usd
CY2022Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
1161918 usd
CY2021Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
542104 usd
CY2021Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
100000 usd
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.25
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2676647 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2119793 shares
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
30084 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
35683 usd
CY2022 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
6968 shares
CY2021 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
198811 shares
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
209160 usd
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
161737 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6968 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
198811 usd
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
6000 usd
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
1100000 shares
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3M
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
0.12
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0021 pure
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y6M
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.763 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
738128 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
528968 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.2100 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.2100 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
3514896 usd
CY2022 us-gaap Operating Loss Carryforwards Limitations On Use
OperatingLossCarryforwardsLimitationsOnUse
begin to expire in 2027

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
usaq-20221231_cal.xml Edgar Link unprocessable
0001493152-23-009477-index-headers.html Edgar Link pending
0001493152-23-009477-index.html Edgar Link pending
0001493152-23-009477.txt Edgar Link pending
0001493152-23-009477-xbrl.zip Edgar Link pending
auditreport_001.jpg Edgar Link pending
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ex23-1.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
form10-k.htm Edgar Link pending
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report.css Edgar Link pending
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usaq-20221231.xsd Edgar Link pending
usaq-20221231_def.xml Edgar Link unprocessable
usaq-20221231_lab.xml Edgar Link unprocessable
usaq-20221231_pre.xml Edgar Link unprocessable