Quantum X Labs Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $1.0M | $24.0K | $1.8M | $4.2M | $5.2M | $148.0K | $87.0K | $51.0K |
| Accounts Receivable | $315.0K | $557.0K | $11.4M | $20.9M | $16.4M | $15.0K | — | $15.0K |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | $1.7M | $7.8M | $17.8M | $29.8M | $29.2M | $225.0K | $225.0K | $153.0K |
| Property, Plant & Equipment | $56.0K | $17.0K | $245.0K | $302.0K | $334.0K | — | $5.0K | $5.0K |
| Goodwill | $6.4M | $1.1M | $12.3M | $17.4M | $12.5M | — | — | — |
| Intangible Assets (Excl. Goodwill) | $2.0M | $1.9M | $12.4M | $15.3M | $8.4M | — | — | — |
| Total Assets | $10.8M | $22.0M | $43.3M | $63.7M | $51.3M | $225.0K | $230.0K | $158.0K |
| Liabilities | ||||||||
| Accounts Payable | $1.2M | $2.4M | $12.4M | $19.8M | $16.7M | $22.0K | $66.0K | $19.0K |
| Total Current Liabilities | $4.1M | $12.9M | $19.8M | $28.5M | $26.8M | $2.3M | $1.9M | $833.0K |
| Long-Term Debt | $586.0K | $496.0K | $3.1M | $2.9M | $4.3M | — | — | — |
| Total Liabilities | $5.8M | $16.2M | $28.5M | $41.7M | $37.6M | $2.3M | $1.9M | $975.2K |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-46.0M | $-22.7M | $-10.7M | $-3.3M | $-2.4M | $-15.2M | $-14.7M | $-13.6M |
| Total Stockholders' Equity | $5.0M | $5.8M | $14.8M | $22.0M | $13.7M | $-2.1M | $-1.7M | $-721.0K |