QSEP: the balance sheet

MyFinsight

For the year ending 2025-12-31, QSEP has $55K in assets. $5,934K in debts.

Balance Sheets	2025-12-31
Cash	6
Prepaid expenses	49
Total current assets	55
Property and equipment, net	0
Total assets	55

Accounts payable-license agreements-past due	3,167
Accounts payable and accrued expenses	1,416
Convertible notes payable, net of discounts of 16,000 and 133,000, respectively including 1,116,000 and 2,339,000, respectively, in default	1,351
Ppp loan payable	0
Total current liabilities	5,934
Total liabilities	5,934
Common stock, 0.001 par value 750,000,000 shares authorized, 543,350,596 and 428,424,880 shares issued and outstanding at december 31, 2025 and 2024, respectively	543.351
Additional paid-in capital	136,182.649
Accumulated deficit	-142,605
Total stockholders deficit	-5,879
Total liabilities and stockholders deficit	55

Unit: Thousand (K) dollars (except for numbers of shares and EPS).