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QUALITY INDUSTRIAL CORP.: 10-Q filed 2023-08-10

What QUALITY INDUSTRIAL CORP. reported in its quarterly report filed 2023-08-10 (fiscal Q2 2023): 38 published measures, 102 facts as tagged in accession 0001663577-23-000383.

This filing

Form
10-Q (quarterly report)
Filed
2023-08-10
Fiscal period
fiscal Q2 2023
Accession
0001663577-23-000383 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 2023-06-30205,202,976USD
At 2022-12-31200,692,193USD

Total liabilities

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

PeriodValueUnitDays
At 2023-06-30171,998,506USD
At 2022-12-31173,814,801USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2023-06-3033,204,470USD
At 2023-03-3128,908,102USD
At 2022-12-3126,877,392USD
At 2022-06-30-787,297USD
At 2022-03-31-375,878USD
At 2021-12-31-369,007USD

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
2023-04-01 to 2023-06-302,852,633USD91
2023-01-01 to 2023-06-304,883,343USD181
2022-04-01 to 2022-06-301,946,453USD91
2022-01-01 to 2022-06-301,776,453USD181
2022-01-01 to 2022-03-31-169,990USD90

Operating cash flow

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

PeriodValueUnitDays
2023-04-01 to 2023-06-301,823,571USD91
2022-04-01 to 2022-06-30-140,281USD91

Revenue

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

PeriodValueUnitDays
2023-04-01 to 2023-06-3021,601,906USD91
2023-01-01 to 2023-06-3039,759,756USD181
2022-04-01 to 2022-06-3018,216,000USD91
2022-01-01 to 2022-06-3018,216,000USD181

Financing cash flow

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

PeriodValueUnitDays
2023-04-01 to 2023-06-30-1,971,000USD91
2022-04-01 to 2022-06-30139,068USD91

Investing cash flow

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

PeriodValueUnitDays
2023-04-01 to 2023-06-30625,337USD91

Retained earnings or deficit

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

PeriodValueUnitDays
At 2023-06-30-7,454,567USD
At 2022-12-31-9,193,862USD

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
2023-04-01 to 2023-06-30110,222,564shares91
2023-01-01 to 2023-06-30106,573,410shares181
2022-04-01 to 2022-06-30100,621,953shares91
2022-01-01 to 2022-06-3098,669,372shares181

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
2023-04-01 to 2023-06-300.03USD/shares91
2023-01-01 to 2023-06-300.05USD/shares181
2022-04-01 to 2022-06-300.02USD/shares91
2022-01-01 to 2022-06-300USD/shares181

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

PeriodValueUnitDays
2023-04-01 to 2023-06-30721,000USD91
2023-01-01 to 2023-06-30721,000USD181

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
2023-04-01 to 2023-06-304,610,023USD91
2023-01-01 to 2023-06-307,631,644USD181
2022-04-01 to 2022-06-302,018,144USD91
2022-01-01 to 2022-06-301,833,716USD181

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 2023-06-30116,686,881USD
At 2022-12-31111,601,921USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

PeriodValueUnitDays
2023-04-01 to 2023-06-30-1,010,483USD91
2023-01-01 to 2023-06-30-1,981,871USD181
2022-04-01 to 2022-06-30-408,772USD91
2022-01-01 to 2022-06-30409,784USD181

Current liabilities

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

PeriodValueUnitDays
At 2023-06-30143,647,498USD
At 2022-12-31144,686,121USD

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 2023-06-3041,009,707USD
At 2022-12-3143,344,990USD

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 2023-06-3060,408,873USD
At 2022-12-3137,835,611USD

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
2023-04-01 to 2023-06-303,329,527USD91
2023-01-01 to 2023-06-305,760,937USD181
2022-04-01 to 2022-06-303,368,856USD91
2022-01-01 to 2022-06-303,553,284USD181

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 2023-06-301,536,283USD
At 2022-12-311,202,674USD

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
2023-04-01 to 2023-06-307,939,550USD91
2023-01-01 to 2023-06-3013,392,581USD181
2022-04-01 to 2022-06-305,378,000USD91
2022-01-01 to 2022-06-305,378,000USD181

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
2023-04-01 to 2023-06-3013,662,355USD91
2023-01-01 to 2023-06-3026,367,174USD181
2022-04-01 to 2022-06-3012,829,000USD91
2022-01-01 to 2022-06-3012,829,000USD181

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

PeriodValueUnitDays
2023-04-01 to 2023-06-3014,220USD91
2022-04-01 to 2022-06-3058,516USD91

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 2023-06-30114,576,965shares
At 2022-12-31102,883,709shares

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 2023-06-301,707,801USD
At 2023-03-311,229,893USD
At 2022-06-3014,446USD
At 2022-03-3115,659USD

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 2023-06-3013,607,017USD
At 2022-12-3112,174,975USD

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 2023-06-3013,581,728USD
At 2022-12-3113,696,729USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

PeriodValueUnitDays
At 2023-06-301,290,081USD
At 2022-12-311,365,585USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2023-06-3088,516,095USD
At 2022-12-3189,090,272USD

Other noncurrent liabilities

Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2023-06-301,938,218USD
At 2022-12-311,953,853USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

PeriodValueUnitDays
At 2023-06-302,289,614USD
At 2022-12-311,206,417USD

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
2023-04-01 to 2023-06-302,852,633USD91
2022-04-01 to 2022-06-301,776,453USD91

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

PeriodValueUnitDays
2023-04-01 to 2023-06-302,852,633USD91
2022-04-01 to 2022-06-301,946,443USD91

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
2023-04-01 to 2023-06-302,397,684USD91
2023-01-01 to 2023-06-304,769,690USD181
2022-04-01 to 2022-06-303,297,934USD91
2022-01-01 to 2022-06-303,335,445USD181

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
2023-04-01 to 2023-06-30652,961USD91
2022-04-01 to 2022-06-30564,958USD91

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
2023-04-01 to 2023-06-300USD91
2022-04-01 to 2022-06-30337,071USD91

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

PeriodValueUnitDays
2023-04-01 to 2023-06-301,583USD91
2022-04-01 to 2022-06-30196,331USD91

Change in accounts payable

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

PeriodValueUnitDays
2023-04-01 to 2023-06-301,831,451USD91
2022-04-01 to 2022-06-3016,040,499USD91

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.

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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"])))