For the quarter ending 2025-09-30, QIND has $19,973,431 in assets. $18,314,862 in debts. $971,555 in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 971,555 | 296,738 | ||
| Inventory | 921,838 | 941,425 | ||
| Accounts receivable | 4,036,619 | 3,829,823 | ||
| Deposits, prepayments & advances | 665,177 | 845,454 | ||
| Other current assets | 2,000,000 | 2,000,000 | ||
| Total current assets | 8,595,189 | 7,913,440 | ||
| Property, plant and equipment | 325,265 | 34,750 | ||
| Right-of-use assets | 345,940 | 279,375 | ||
| Related party receivables | 2,295,937 | 2,129,841 | ||
| Goodwill | 8,411,100 | 8,411,100 | ||
| Total non-current assets | 11,378,242 | 10,855,066 | ||
| Total assets | 19,973,431 | 18,768,506 | ||
| Accounts payable | 1,035,249 | 1,424,754 | ||
| Related party payables | 4,061,803 | 1,060,684 | ||
| Other payables - current | - | 6,589,854 | ||
| Lease operating liabilities | 140,165 | 118,652 | ||
| Convertible notes, net of discount | 2,146,840 | 2,512,377 | ||
| Other payables - current | 6,952,100 | - | ||
| Other current liabilities | 1,433,399 | 2,150,360 | ||
| Total current liabilities | 15,769,556 | 13,856,681 | ||
| Lease operating non-current portion | 218,701 | 172,651 | ||
| Other payables long-term | 2,326,605 | 3,464,625 | ||
| Total long-term liabilities | 2,545,306 | 3,637,276 | ||
| Total liabilities | 18,314,862 | 17,493,957 | ||
| Preferred stock 0.001 par value 1,000,000 shares authorized 20,000 and 20,000 series b shares issued and outstanding as of september 30, 2025, and december 31, 2024, respectively | 20 | 20 | ||
| Common stock 0.001 par value 200,000,000 shares authorized 169,110,820 and 126,642,689 shares issued and outstanding as of september 30, 2025, and december 31, 2024, respectively | 169,113 | 163,883 | ||
| Additional paid-in capital | 18,505,514 | 18,447,745 | ||
| Retained earnings/ accumulated deficit | -19,092,870 | -18,828,640 | ||
| Noncontrolling interest | 2,076,792 | 1,491,541 | ||
| Total stockholders equity | 1,658,569 | 1,274,549 | ||
| Total liabilities and stockholders equity | 19,973,431 | 18,768,506 | ||
Quality Industrial Corp. (QIND)
Quality Industrial Corp. (QIND)