Skip to content

QUALITY INDUSTRIAL CORP.: 10-Q/A filed 2024-09-12

What QUALITY INDUSTRIAL CORP. reported in its quarterly report amendment filed 2024-09-12 (fiscal Q2 2024): 41 published measures, 106 facts as tagged in accession 0001213900-24-078115.

This is an amendment. Values here are as tagged in the amendment; the original filing has its own page.

This filing

Form
10-Q/A (quarterly report amendment)
Filed
2024-09-12
Fiscal period
fiscal Q2 2024
Accession
0001213900-24-078115 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All QUALITY INDUSTRIAL CORP. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2024-06-3016,504,756USD
At 2023-12-318,835,625USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2024-06-3014,676,558USD
At 2023-12-318,092,126USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

PeriodValueUnitDays
At 2024-06-30101,243USD
At 2023-12-312,492USD
At 2023-06-302,423USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2024-04-01 to 2024-06-30107,895USD91
2024-01-01 to 2024-06-30314,585USD182
2023-04-01 to 2023-06-30-1,582,221USD91
2023-01-01 to 2023-06-30-1,666,495USD181

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2024-01-01 to 2024-06-30-81,993USD182
2023-01-01 to 2023-06-30-482,406USD181

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

PeriodValueUnitDays
2024-04-01 to 2024-06-303,317,206USD91
2024-01-01 to 2024-06-303,317,206USD182

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2024-01-01 to 2024-06-3072,240USD182
2023-01-01 to 2023-06-3011,693USD181

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2024-01-01 to 2024-06-30108,504USD182
2023-01-01 to 2023-06-30470,000USD181

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2024-06-30-16,318,012USD
At 2023-12-31-16,632,597USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2024-04-01 to 2024-06-30127,759,628shares91
2024-01-01 to 2024-06-30128,331,203shares182
2023-04-01 to 2023-06-30110,222,564shares91
2023-01-01 to 2023-06-30106,573,410shares181

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

PeriodValueUnitDays
2024-04-01 to 2024-06-300USD/shares91
2024-01-01 to 2024-06-300USD/shares182
2024-01-01 to 2024-03-310USD/shares91
2023-04-01 to 2023-06-30-0.01USD/shares91
2023-01-01 to 2023-06-30-0.02USD/shares181

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

PeriodValueUnitDays
2024-04-01 to 2024-06-300USD/shares91
2024-01-01 to 2024-06-300USD/shares182
2023-04-01 to 2023-06-30-0.01USD/shares91
2023-01-01 to 2023-06-30-0.02USD/shares181

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

PeriodValueUnitDays
2024-04-01 to 2024-06-3043,889USD91
2024-01-01 to 2024-06-3043,889USD182

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2024-06-3085,129USD

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2024-04-01 to 2024-06-30423,068USD91
2024-01-01 to 2024-06-30337,319USD182
2023-04-01 to 2023-06-30-835,314USD91
2023-01-01 to 2023-06-30-900,065USD181

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2024-06-305,869,672USD
At 2023-12-312,002,492USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2024-06-308,712,219USD
At 2023-12-318,092,126USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

PeriodValueUnitDays
At 2024-06-30894,307USD
At 2023-12-31166,577USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

PeriodValueUnitDays
At 2024-06-308,479,222USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2024-06-302,112,165USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

PeriodValueUnitDays
2024-04-01 to 2024-06-30825,430USD91
2024-01-01 to 2024-06-30911,179USD182
2023-04-01 to 2023-06-30835,314USD91
2023-01-01 to 2023-06-30900,065USD181

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

PeriodValueUnitDays
At 2024-06-301,104,220USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

PeriodValueUnitDays
2024-04-01 to 2024-06-301,248,498USD91
2024-01-01 to 2024-06-301,248,498USD182

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

PeriodValueUnitDays
2024-04-01 to 2024-06-302,068,708USD91
2024-01-01 to 2024-06-302,068,708USD182

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

PeriodValueUnitDays
At 2024-06-30133,006,691shares
At 2023-12-31127,129,694shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

PeriodValueUnitDays
At 2024-06-30101,243USD
At 2023-12-312,492USD
At 2023-06-302,423USD
At 2022-12-313,136USD

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

PeriodValueUnitDays
At 2024-06-3017,474,251USD
At 2023-12-3117,248,964USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

PeriodValueUnitDays
At 2024-06-301,828,198USD
At 2024-03-312,464,505USD
At 2023-12-31743,499USD
At 2023-06-30-415,699USD
At 2023-03-31-277,213USD
At 2022-12-31-192,939USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2024-06-30204,182USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

PeriodValueUnitDays
At 2024-06-30229,359USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

PeriodValueUnitDays
At 2024-06-30432,258USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

PeriodValueUnitDays
At 2024-06-30552,044USD

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

PeriodValueUnitDays
2024-04-01 to 2024-06-30348,443USD91
2024-01-01 to 2024-06-30555,133USD182
2024-01-01 to 2024-03-31206,690USD91
2023-04-01 to 2023-06-30-1,582,221USD91
2023-01-01 to 2023-06-30-1,666,495USD181
2023-01-01 to 2023-03-31-84,274USD90

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

PeriodValueUnitDays
2024-04-01 to 2024-06-30791,252USD91
2024-01-01 to 2024-06-30828,608USD182
2023-04-01 to 2023-06-30753,358USD91
2023-01-01 to 2023-06-30787,705USD181

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

PeriodValueUnitDays
2024-04-01 to 2024-06-3037,555USD91
2024-01-01 to 2024-06-3037,555USD182
2023-04-01 to 2023-06-300USD91
2023-01-01 to 2023-06-300USD181

Nonoperating interest expense

Interest expense presented outside operating results. It differs from total interest expense when some borrowing cost is classified as operating or capitalized.

PeriodValueUnitDays
2024-04-01 to 2024-06-3078,736USD91
2024-01-01 to 2024-06-30165,851USD182
2023-04-01 to 2023-06-3025,715USD91
2023-01-01 to 2023-06-3045,238USD181

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

PeriodValueUnitDays
2024-04-01 to 2024-06-3048,000USD91
2024-01-01 to 2024-06-30427,554USD182
2023-04-01 to 2023-06-30-721,192USD91
2023-01-01 to 2023-06-30-721,192USD181

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

PeriodValueUnitDays
2024-04-01 to 2024-06-30-30,736USD91
2024-01-01 to 2024-06-30261,703USD182
2023-04-01 to 2023-06-30-746,907USD91
2023-01-01 to 2023-06-30-766,430USD181

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2024-01-01 to 2024-06-3097,520USD182

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

PeriodValueUnitDays
2024-01-01 to 2024-06-30-587,661USD182
2023-01-01 to 2023-06-30347,342USD181

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

PeriodValueUnitDays
2024-01-01 to 2024-06-30-211,717USD182

Inspect the source

Entity
QUALITY INDUSTRIAL CORP. / CIK 0001393781
Captured
2026-09-20T07:59:46.736Z
SEC response SHA-256
9dfa4e50fc0ff35fc1349589cfddc59d7303bfec1df8a87a14fc7479e7c680b0

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

These pages do not supply prices, total-return histories, corporate-action adjustments or a tradable universe. Build those inputs separately before evaluating a strategy. A profitable backtest can still reflect selection bias or costs that were left out.

Research methodology · Execution and cost assumptions · Check backtest overfitting

Build with the open-source tools

Use these accounting records as inspectable inputs. When you have constructed a return series, the validation tools can help test its statistical evidence and preserve the result with its limitations.

Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001393781.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))