QLGN: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, QLGN has $43,470,364 in assets. $38,777,166 in cash and cash equivalents.

Unit: Dollar

Balance Sheets	2025-09-30	2025-06-30	2025-03-31
Cash and cash equivalents	38,777,166	331,601	30,210
Prepaid expenses and other current assets	343,091	316,576	565,765
Other current assets	-	-	20,000
Short-term notes receivable, net of allowance for credit losses of 261,000 at september 30, 2025 and 360,000 at december 31, 2024	4,348,107	3,312,496	2,229,563
Total current assets	43,468,364	3,960,673	2,845,538
Other assets	2,000	2,000	2,000
Total assets	43,470,364	3,962,673	2,847,538

Accounts payable	1,282,224	1,404,611	1,530,735
Accrued expenses and other current liabilities	41,896	379,633	210,104
Warrant liabilities	362,323	213,976	229,950
Convertible debt	339,736	142,069	-
Promissory notes	2,897,107	3,474,667	843,615
Total current liabilities	4,923,286	5,614,956	2,814,404
Preferred stock, 0.001 par value 15,000,000 shares authorized 45,044 and 6,256 shares issued and outstanding as of september 30, 2025 and december 31, 2024, respectively	36,100,334	2,790,007	2,823,094
Common stock, 0.001 par value 225,000,000 shares authorized 3,056,822 and 736,431 shares issued and outstanding as of september 30, 2025 and december 31, 2024, respectively	67,734	66,213	66,203
Additional paid-in capital	131,809,991	122,884,659	122,851,582
Accumulated deficit	-129,430,981	-127,393,162	-125,707,745
Total stockholders equity	-	-	33,134
Total stockholders equity (deficit)	38,547,078	-1,652,283	-
Total liabilities & stockholders equity (deficit)	43,470,364	3,962,673	2,847,538

Unit: Dollar