Quality Industrial Corp. balance sheet QIND

Annual Quarterly

As of Jun 30, 2026, Quality Industrial Corp. had total assets of $17.1 million and total liabilities of $18.5 million. Total assets were down 9.0% from a year earlier. Stockholders' equity was negative, at -$1.4 million, because liabilities exceed assets. It held $150,012 in cash and investments against $378,538 of total debt, net debt of $228,526. The current ratio, current assets divided by current liabilities, was 0.41.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

Line	FY 2026 Jun 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2023 Jun 30, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020
Assets
Cash	0 -49.4%	0 +89.1%	0 +7093.3%	—	2	—	0 -20.0%	0
Long-term investments	—	—	0 -100.0%	6	—	—	—	—
Cash and investments	0 -49.4%	0 +89.1%	0 -96.5%	6	2	—	0 -20.0%	0
Receivables	5 +39.3%	5 +65.5%	3	—	—	—	—	—
Inventory	0 -71.9%	0 -83.6%	1 -98.0%	—	60	—	—	—
Total current assets	7 -6.9%	7 -5.7%	7 -93.6%	2 +14108.1%	117 +827818.8%	0 -11.0%	0 -92.4%	0
Property and equipment, net	1 +1609.4%	0 +916.6%	0	—	—	—	—	—
Goodwill	8 +0.0%	8 +0.0%	8	—	—	—	—	—
Total assets	17 -9.0%	17 -8.2%	18 -91.2%	9 +771.3%	205 +20135.1%	1 +348.5%	0 +9.2%	0
Liabilities and equity
Accounts payable	1 -29.6%	1 -45.3%	2 -94.8%	—	41 -5.4%	43	—	—
Total current liabilities	18 +30.8%	17 +49.3%	11 -92.2%	6 +5302.1%	144 +134108.6%	0 -82.0%	1 +158.6%	0
Total liabilities	19 +5.8%	18 +13.6%	16 -90.6%	8 +570.4%	172 +14149.7%	1 +102.8%	1 +158.6%	0
Stockholders' equity	-1 -211.0%	-2 -184.3%	2 -94.0%	1 +485.4%	33 +17309.8%	-0	—	—
Debt
Long-term debt	—	—	—	0	—	—	—	—
Lease liabilities	0 +29.9%	0 +79.7%	0 -99.2%	—	28 +104.4%	14	—	—
Total debt	0 -11.5%	0 +79.7%	0 -99.2%	0 -97.6%	28 +104.4%	14	—	—
Net cash	-0 -74.6%	0 +257.5%	0 +100.1%	6	-26	—	—	—
Ratios
Current ratio	0.41x	0.42x	0.67x	0.35x	0.81x	0.13x	0.03x	0.90x
Debt to equity	—	—	0.11x	0.45x	0.84x	—	—	—
Debt to EBITDA	0.72x	—	0.26x	—	—	—	—	—
Return on equity	—	—	-26.19%	-569.30%	-12.75%	—	—	—
Return on assets	-22.63%	-32.76%	-2.89%	-47.91%	-2.06%	-10.14%	-2,115.77%	-943.81%
Book value per share	-0.01	-0.01	0.02	0.01	0.29	-0.00	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. The first column is the latest balance sheet when it is newer than the latest fiscal year. More on our methodology.

Company profile

Industry: Misc Industrial & Commercial Machinery & Equipment (SIC 3590)
Listed as: QIND (OTC)
Fiscal year ends: December 31
Incorporated in: NV
Headquarters: San Francisco, CA
SEC filer status: , Emerging growth company
SEC CIK: 1393781
Former names: WIKISOFT CORP. (until Aug 4, 2022); POWER PLAY DEVELOPMENT CORP (until Mar 14, 2007)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.