Quality Industrial Corp. (QIND) Form 10-Q — May 15, 2026
Quality Industrial Corp. reported Q1 2026 revenue of $3.67 million and net income of $133,224, driven by its majority-owned subsidiary Al Shola Gas. The company generated a profit primarily due to the non-recurrence of $1.02 million in discretionary management bonuses from the prior year, rather than operational improvement. The filing includes a going-concern warning, stating that the company’s ability to continue operations depends on raising additional capital.
Key figures
- Eps
- 0
- Revenue
- 3665660
- Net Income
- 133224
- Total Debt
- 2480676
- Cash Position
- 172548
- Parent Loans
- 4667537
- Total Assets
- 16899810
- Total Liabilities
- 18421053
- Shares Outstanding
- 193266631
- Defaulted Notes Count
- 8
- Defaulted Notes Total Arrears
- 2480676
Price after filing
1 day: 0.0%7 days: +10.5%30 days: -24.4%
Close on the filing date to close N calendar days later (from $0.01). Historical, not a forecast.
AI analysis
Red flags6 · Pro
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