The latest financial statement is for the quarter ending 2026-03-31.
| Cash Flow | 2026-03-31 | 2025-12-31 |
|---|---|---|
| Net loss | -5,081,982 | -16,210,718 |
| Share based compensation | 800,000 | 1,202,954 |
| Stock option expense | 176,531 | 1,472,279 |
| Depreciation and amortization | 58,000 | 615,720 |
| Impairment loss of property and equipment | 538,393 | 2,640,280 |
| Inventory write down | 68,330 | 312,151 |
| Accretion expense | 22,217 | 202,801 |
| Gain on settlement of intellectual property acquisition liability - related party | 348,966 | - |
| Change in fair value of convertible debt | - | 21,000 |
| Gain on settlement of note payable - silent partnership | 70,246 | - |
| Loss on sale and disposal of assets | -302,592 | -163,248 |
| Non-cash lease expense | 87,883 | 277,036 |
| Accounts and other receivable, net | -4,870 | -114,630 |
| Accounts receivable - related party | -61,030 | 43,792 |
| Inventories | -148,064 | 99,561 |
| Prepaid expenses and other assets | -84,287 | -791,288 |
| Accounts payable and accrued liabilities | 542,688 | -2,073,730 |
| Accounts payable and accrued expense - related party | -13,956 | 3,557 |
| Operating lease liabilities | -87,728 | -326,730 |
| Net cash used in operating activities | -2,707,993 | -10,979,587 |
| Payment for intangible asset | 300,000 | 700,000 |
| Payment for intangible asset - related party | 350,000 | 350,000 |
| Purchase of property and equipment | 658 | 1,216 |
| Proceeds from sales of property and equipment | - | 17,815 |
| Net cash used in investing activities | -650,658 | -1,033,401 |
| Proceeds from issuance of preferred shares and preferred stock payable | 6,000,000 | - |
| Sale of ordinary shares, pre-funded warrants, and warrants | - | 8,248,261 |
| Proceeds from issuance of ordinary shares | 2,088,238 | - |
| Repayments of convertible debt | 20,529 | 1,000,000 |
| Payments on silent partnerships | 736,954 | 243,405 |
| Payments on loan payable | 63,530 | 241,816 |
| Net cash provided by (used in) financing activities | 7,267,225 | 6,763,040 |
| Effect of changes in exchange rates | -44,699 | -96,631 |
| Net change in cash | 3,863,875 | -5,346,579 |
| Cash at beginning of year | - | 6,235,670 |
| Cash at beginning of period | 889,091 | - |
| Cash at end of year | - | 889,091 |
| Cash at end of period | 4,752,966 | - |
Quantum Cyber N.V. (QUCY)
Quantum Cyber N.V. (QUCY)