QS Energy, Inc. (QSEP)

QS Energy Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	0.01	0.15	0.07	0.13	0.11
Cash & Short-Term Investments	0.01	0.15	0.07	0.13	0.11
Cash Growth	-96.00%	114.29%	-47.37%	16.67%	119.23%
Prepaid Expenses	0.05	0.01	0.01	0.02	0.01
Total Current Assets	0.06	0.16	0.08	0.15	0.13
Property, Plant & Equipment	-	0	0	0.01	0.15
Total Assets	0.06	0.16	0.08	0.16	0.28
Accounts Payable	1.22	0.88	0.97	0.95	0.93
Accrued Expenses	0.2	-	-	-	-
Short-Term Debt	1.35	2.55	2.16	1.94	1.65
Current Portion of Leases	-	-	-	-	0.04
Other Current Liabilities	3.17	2.43	2.2	1.96	1.73
Total Current Liabilities	5.93	5.86	5.33	4.85	4.35
Long-Term Leases	-	-	-	-	0.11
Total Liabilities	5.93	5.86	5.33	4.85	4.45
Common Stock	0.54	0.43	0.39	0.38	0.36
Additional Paid-In Capital	136.18	121.17	119.73	119.08	118.07
Retained Earnings	-142.61	-127.3	-125.37	-124.14	-122.59
Comprehensive Income & Other	-	-0	-	-	-
Shareholders' Equity	-5.88	-5.7	-5.24	-4.69	-4.17
Total Liabilities & Equity	0.06	0.16	0.08	0.16	0.28
Total Debt	1.35	2.55	2.16	1.94	1.8
Net Cash (Debt)	-1.35	-2.4	-2.09	-1.81	-1.68
Net Cash Per Share	-0.00	-0.01	-0.01	-0.00	-0.01
Filing Date Shares Outstanding	550.62	455.94	397.93	382.56	356.49
Total Common Shares Outstanding	543.35	428.42	392.59	376.07	355.3
Working Capital	-5.88	-5.7	-5.25	-4.7	-4.22
Book Value Per Share	-0.01	-0.01	-0.01	-0.01	-0.01
Tangible Book Value	-5.88	-5.7	-5.24	-4.69	-4.17
Tangible Book Value Per Share	-0.01	-0.01	-0.01	-0.01	-0.01
Machinery	0.08	0.08	0.08	0.08	0.08
Leasehold Improvements	0.03	0.03	0.03	0.03	0.03

Source: S&P Global Market Intelligence. Standard template. Financial Sources.