QS Energy, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $6.0K | $150.0K | $70.0K | $133.0K | $114.0K | $52.0K | $479.0K | — |
| Accounts Receivable | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | $55.0K | $161.0K | $82.0K | $152.0K | $128.0K | $98.0K | $575.0K | $1.2M |
| Property, Plant & Equipment | $0 | $3.0K | $2.0K | $6.0K | $9.0K | $16.0K | $23.0K | $24.0K |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $55.0K | $164.0K | $84.0K | $158.0K | $280.0K | $114.0K | $600.0K | $1.2M |
| Liabilities | ||||||||
| Accounts Payable | $3.2M | $2.4M | $2.2M | $2.0M | $1.7M | $1.5M | $1.3M | $1.1M |
| Total Current Liabilities | $5.9M | $5.9M | $5.3M | $4.8M | $4.3M | $3.6M | $2.9M | $2.7M |
| Long-Term Debt | — | — | — | — | $106.0K | — | — | — |
| Total Liabilities | $5.9M | $5.9M | $5.3M | $4.8M | $4.5M | $3.6M | $2.9M | $2.7M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-142.6M | $-127.3M | $-125.4M | $-124.1M | $-122.6M | $-121.2M | $-118.8M | $-113.2M |
| Total Stockholders' Equity | $-5.9M | $-5.7M | $-5.2M | $-4.7M | $-4.2M | $-3.5M | $-2.3M | $-1.5M |