QTIH: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, QTIH has $12,120,941 in assets. $21,197,385 in debts.

Unit: Dollar

Balance Sheets	2025-09-30	2025-06-30
Cash	1,715,400	2,022,180
Restricted cash and cash equivalents	20,000	20,000
Accounts receivable	3,243,706	3,651,310
Inventory	5,242,228	3,231,098
Prepaid expenses and other current assets	1,066,801	1,743,304
Total current assets	11,288,135	10,667,892
Property and equipment, net	127,127	166,676
Operating lease right-of-use assets, net	666,529	758,099
Other assets	39,150	39,150
Total assets	12,120,941	11,631,817

Accounts payable	2,019,136	1,595,789
Accrued expenses and other current liabilities	5,235,216	4,210,416
Current maturities of long-term debt	5,022,966	36,698
Deferred revenue	23,929	34,286
Operating lease liabilities, current	441,634	429,350
Total current liabilities	12,742,881	6,306,539
Long-term debt	272,879	71,601
Related party notes payable	3,895,112	3,848,725
Operating lease liabilities	321,270	437,411
Warrant liability	105,834	25,791
Derivative liability	0	0
Earnout liability	2,510,000	280,000
Other liabilities	1,349,409	986,044
Total liabilities	21,197,385	11,956,111
Common stock, 0.0001 par value 500,000,000 shares authorized as of september30, 2025 and december31, 2024 9,658,369 and 8,922,906 shares issued and outstanding as of september30, 2025 and december31, 2024, respectively	967	2,864
Additional paid-in capital	42,558,037	46,750,884
Accumulated deficit	-51,635,448	-47,078,042
Total stockholders deficit	-9,076,444	-324,294
Total liabilities and stockholders deficit	12,120,941	11,631,817