Quality Industrial Corp.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & Equivalents | $426.6K | $225.6K | $2.5K | $1.3M | $15.7K | $19.6K | $131.6K |
| Accounts Receivable | $5.3M | $3.2M | — | — | — | — | — |
| Inventory | $201.2K | $1.2M | $60.4M | $1.2M | — | — | — |
| Total Current Assets | $7.0M | $7.5M | $2.0M | $14.1K | $15.8K | $207.1K | $131.6K |
| Property, Plant & Equipment | $499.3K | $49.1K | — | — | — | — | — |
| Goodwill | $8.4M | $8.4M | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — |
| Total Assets | $16.6M | $18.1M | $8.8M | $1.0M | $226.1K | $207.1K | $131.6K |
| Liabilities | |||||||
| Accounts Payable | $1.2M | $2.1M | $166.6K | $43.3M | $0 | $137.4K | $24.0K |
| Total Current Liabilities | $16.8M | $11.2M | $5.8M | $107.0K | $595.1K | $230.1K | $59.9K |
| Long-Term Debt | — | — | $333.1K | — | — | — | — |
| Total Liabilities | $18.3M | $16.1M | $8.1M | $1.2M | $595.1K | $230.1K | $59.9K |
| Stockholders' Equity | |||||||
| Retained Earnings | $-22.7M | $-17.2M | $-16.7M | $-12.5M | $-12.4M | $-7.6M | $-5.6M |
| Total Stockholders' Equity | $-1.7M | $2.0M | $743.5K | $-192.9K | $-369.0K | $-23.0K | $71.7K |