v3.25.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenue $ 4,009,461 $ 3,317,206 $ 7,630,934 $ 3,317,206
Cost of revenues 2,689,355 2,068,708 5,355,442 2,068,708
Gross profit 1,320,106 1,248,498 2,275,492 1,248,498
Operating expenses        
Professional fees 20,264 34,178 72,104 82,571
General and administrative 824,867 750,696 2,635,307 783,552
Depreciation and Amortization 34,516 37,555 74,744 37,555
Total operating expenses 879,647 822,429 2,782,155 903,678
Income (loss) from operations 440,459 426,069 (506,663) 344,820
Other (income) expenses        
Interest expense 27,355 20,253 59,596 20,253
Interest on Convertible Notes 206,390 74,929 394,929 141,128
Commitment and Conversion Fees 12,000 3,000 24,000 7,500
Discount on Convertible Notes 38,203 3,807 90,841 24,723
Other Income (48,000) (427,554)
Total other (income) expense, net 283,948 53,989 569,366 (233,950)
Net Income (Loss) Before Provision for Income Taxes 156,511 372,080 (1,076,029) 578,770
Corporate Income Tax 57,320 43,889 84,386 43,889
Net Income (Loss) 99,191 328,191 (1,160,415) 534,881
Less: net income attributable to noncontrolling interest 295,072 230,624 441,676 230,624
Net income (loss) attributable to QIND stockholders $ (195,881) $ 97,567 $ (1,602,091) $ 304,257
Weighted average common shares outstanding - basic 153,442,500 130,219,433 144,560,007 128,996,326
Weighted average common shares outstanding - diluted 153,442,500 130,219,433 144,560,007 128,996,326
Net income (loss) per common share - basic $ (0.00) $ 0.00 $ (0.01) $ 0.00
Net income (loss) per common share - diluted $ (0.00) $ 0.00 $ (0.01) $ 0.00