QUCY: the balance sheet

MyFinsight

For the year ending 2025-12-31, QUCY has $5,327,396 in assets. $4,685,796 in debts.

Balance Sheets	2025-12-31
Cash	889,091
Accounts receivable	17,348
Accounts receivable - related party	61,030
Inventories gross	272,909
Less reserve	56,021
Inventories	216,888
Prepaid expenses and other current assets	657,310
Total current assets	1,841,667
Property and equipment, gross	1,750,283
Accumulated depreciation	655,334
Property and equipment, net	1,094,949
Intangible assets	1,113,424
Right-of-use assets	1,277,356
Total assets	5,327,396

Accounts payable and accrued liabilities (note 2)	936,440
Accounts payable and accrued liabilities - related party	13,956
Loan payable	183,706
Convertible debt	82,305
Notes payable - silent partnership	956,902
Intellectual property acquisition liability	487,785
Intellectual property acquisition liability current portion - related party	676,096
Operating lease liabilities - current portion	356,126
Total current liabilities	3,693,316
Operating lease liabilities	992,480
Total liabilities	4,685,796
Ordinary shares, a par value of 0.01, 11.250.000 shares authorized, 9,780,142 and 2,319,353 shares issued and outstanding, respectively	107,820
Additional paid-in capital	106,053,809
Accumulated deficit	-104,902,375
Accumulated other comprehensive loss	-617,654
Total shareholders equity	641,600
Total liabilities and shareholders equity	5,327,396

Unit: Dollar.