QUEST PATENT RESEARCH CORP (QPRC) Form 10-Q — May 15, 2026
Quest Patent Research Corp reported a net loss of $2.94 million for the first quarter of 2026, with zero revenue generated from its patent licensing activities. The company cited increased litigation expenses of $1.71 million related to its newly acquired Monterey Research portfolio, which was purchased for $9 million using non-recourse financing from QPRC Finance. The filing includes explicit going-concern language, stating that substantial doubt exists regarding the company's ability to continue as a going concern.
Key figures
- Revenue
- 0
- Total Debt
- 30442408
- Cash Position
- 619861
- Sga Expenses
- 1117963
- Funding Liability
- 24843017
- Litigation Expenses
- 1710171
- Patent Amortization
- 572658
Price after filing
Close on the filing date to close N calendar days later (from $0.20). Historical, not a forecast.
AI analysis
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