QS ENERGY, INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-15.3M | $-1.9M | $-1.2M | $-1.5M | $-1.4M | $-2.4M | $-5.6M | $-3.1M |
| Depreciation & Amortization | — | $1.0K | $4.0K | $4.0K | $7.0K | $7.0K | $7.0K | $22.0K |
| Depreciation | $3.0K | $1.0K | $4.0K | $4.0K | $7.0K | $7.0K | $7.0K | $22.0K |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $240.0K | $0 | $37.0K | $127.0K | $45.0K | $377.0K | $383.0K | $435.0K |
| Net Cash from Operating Activities | $-4.0M | $-1.2M | $-629.0K | $-923.0K | $-722.0K | $-969.0K | $-2.7M | $-1.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $0 | $2.0K | $0 | $1.0K | $0 | $0 | $6.0K | $0 |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $0 | $-2.0K | $0 | $-1.0K | $0 | $0 | $-6.0K | $0 |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $3.9M | $1.2M | $566.0K | $943.0K | $784.0K | $542.0K | $2.0M | $2.4M |
| Net Change in Cash | — | — | — | — | — | — | — | — |
| Free Cash Flow | $-4.0M | $-1.2M | $-629.0K | $-924.0K | $-722.0K | $-969.0K | $-2.7M | $-1.5M |
The best armour of old age is a well spent life perfecting it.