QS Energy Inc (QSEP)

[mr_sano]

10Q is and as expected its more of the same....interesting how licensing fees and an interest penalty are lumped into R&D. Last time I checked Temple has done squat for QSEP other than to cash a check! I expect Cecil to come out swinging now that all crap news is out of the way! The latest stock hock buys them enough $ for another Q. Given its been over a year since they supposedly proved the AOT wouldn't blowup and no testing has been announced! Its unrealistic to believe they can finance any legitimate test on their own. as a mere 200K here or there does nothing but keep the company breathing. They need $5M now....wake me when they figure that out...

Total expenses recognized during each three-month period ended March 31, 2024 and 2023 pursuant to these two License Agreements amounted to $58,000 and $59,000, respectively, and has been reflected in Research and Development expenses on the accompanying condensed consolidated statements of operations. In the three-month periods ended March 31, 2024 and 2023, the Company also recognized penalty interest on past-due balances of $12,000 and $12,000, respectively, which is included as part of interest and financing expense in the accompanying condensed consolidated statements of operations.