Overview
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- TickerQUTX on OTC1
- IndustryServices-Business Services, NEC1
- HeadquartersLocust Valley, New York1
- Business address141 Piping Rock Road, Locust Valley, Ny 115602
- Filer categoryNon-accelerated filer, Smaller reporting company2
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The Company believes its value proposition has broad appeal with value-minded customers across all income levels, demographics and geographies.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Sales | $0 | $709.5K |
| Cost of goods sold | $0 | $657.7K |
| Gross profit | $0 | $51.8K |
| General and administrative | $1.1M | $1.2M |
| Total operating expenses | $1.1M | $1.2M |
| Loss from operations | -$1.1M | -$1.2M |
| Amortization of debt discount and interest expense | -$386.5K | -$174.9K |
| Gain (loss) on settlement of non-redeemable convertible notes and promissory notes | $1.2M | -$1.1M |
| Initial derivative expense | -$353.2K | $0 |
| Change in fair value of derivative liabilities | $134.7K | $0 |
| Total other income (expense) | $572.5K | -$1.3M |
| Net loss | -$484.9K | -$2.4M |
| Foreign currency translation adjustment | -$32.6K | $110.7K |
| Total other comprehensive income (loss) | -$32.6K | $110.7K |
| Comprehensive loss | -$517.5K | -$2.3M |
| Loss per common share - basic | $0.00 | $0.00 |
| Loss per common share - diluted | $0.00 | $0.00 |
| Weighted average number of common shares outstanding - basic | 5.8B shares | 1.2B shares |
| Weighted average number of common shares outstanding - diluted | 5.8B shares | 1.2B shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2024-08-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash | $227.6K | $1.7K | ||
| Accounts receivable, net | $0 | $71.4K | ||
| VAT taxes receivable | $22.1K | $12.3K | ||
| Prepaid expenses | $4.6K | $0 | ||
| Total current assets | $254.2K | $85.4K | ||
| Property and equipment, net | $4.4K | $6.0K | ||
| Operating lease right-of-use asset | $0 | $6.3K | ||
| Deposit, More Money Ltd. | $60.0K | $0 | ||
| Total assets | $318.6K | $97.7K | ||
| Accounts payable and accrued liabilities | $552.6K | $528.6K | ||
| Accrued liabilities - related party | $192.4K | $0 | ||
| Note payable - related party | $882.6K | $0 | ||
| Notes payable | $119.0K | $115.6K | $4.6K | |
| Line of credit | $0 | $834.4K | ||
| Promissory notes | $0 | $2.1M | ||
| Non-redeemable convertible note, net - related party | $120.0K | $100.0K | ||
| Convertible promissory note, net | $2.6K | $0 | ||
| Derivative liability | $395.5K | $0 | ||
| Operating lease right-of-use liability | $0 | $6.3K | ||
| Total current liabilities | $2.3M | $3.7M | ||
| Total liabilities | $2.3M | $3.7M | ||
| Preferred stock; $0.001 par value; 1,000,000 shares authorized, 0 issued and outstanding | $0 | $0 | ||
| Common stock; $0.0001 par value; 12,000,000,000 shares authorized, 6,501,509,691 and 5,469,037,729 shares issued and outstanding, respectively | $650.2K | $546.9K | ||
| Additional paid-in capital | $92.3M | $90.3M | ||
| Accumulated other comprehensive income | $84.4K | $117.0K | ||
| Accumulated deficit | -$95.0M | -$94.5M | ||
| Total stockholders' deficit | -$1.9M | -$3.6M | -$2.8M | |
| Total liabilities and stockholders' deficit | $318.6K | $97.7K | ||
| Preferred stock, par value | $0.00 | $0.00 | ||
| Preferred stock, shares authorized | 1.0M shares | 1.0M shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock, par value | $0.00 | $0.00 | ||
| Common stock, shares authorized | 12.0B shares | 12.0B shares | ||
| Common stock, shares issued | 6.5B shares | 5.5B shares | ||
| Common stock, shares outstanding | 6.5B shares | 5.5B shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2024-08-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash | $227.6K | $1.7K | ||
| Accounts receivable, net | $0 | $71.4K | ||
| VAT taxes receivable | $22.1K | $12.3K | ||
| Prepaid expenses | $4.6K | $0 | ||
| Total current assets | $254.2K | $85.4K | ||
| Property and equipment, net | $4.4K | $6.0K | ||
| Operating lease right-of-use asset | $0 | $6.3K | ||
| Deposit, More Money Ltd. | $60.0K | $0 | ||
| Total assets | $318.6K | $97.7K | ||
| Accounts payable and accrued liabilities | $552.6K | $528.6K | ||
| Accrued liabilities - related party | $192.4K | $0 | ||
| Note payable - related party | $882.6K | $0 | ||
| Notes payable | $119.0K | $115.6K | $4.6K | |
| Line of credit | $0 | $834.4K | ||
| Promissory notes | $0 | $2.1M | ||
| Non-redeemable convertible note, net - related party | $120.0K | $100.0K | ||
| Convertible promissory note, net | $2.6K | $0 | ||
| Derivative liability | $395.5K | $0 | ||
| Operating lease right-of-use liability | $0 | $6.3K | ||
| Total current liabilities | $2.3M | $3.7M | ||
| Total liabilities | $2.3M | $3.7M | ||
| Preferred stock; $0.001 par value; 1,000,000 shares authorized, 0 issued and outstanding | $0 | $0 | ||
| Common stock; $0.0001 par value; 12,000,000,000 shares authorized, 6,501,509,691 and 5,469,037,729 shares issued and outstanding, respectively | $650.2K | $546.9K | ||
| Additional paid-in capital | $92.3M | $90.3M | ||
| Accumulated other comprehensive income | $84.4K | $117.0K | ||
| Accumulated deficit | -$95.0M | -$94.5M | ||
| Total stockholders' deficit | -$1.9M | -$3.6M | -$2.8M | |
| Total liabilities and stockholders' deficit | $318.6K | $97.7K | ||
| Preferred stock, par value | $0.00 | $0.00 | ||
| Preferred stock, shares authorized | 1.0M shares | 1.0M shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock, par value | $0.00 | $0.00 | ||
| Common stock, shares authorized | 12.0B shares | 12.0B shares | ||
| Common stock, shares issued | 6.5B shares | 5.5B shares | ||
| Common stock, shares outstanding | 6.5B shares | 5.5B shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$484.9K | -$2.4M |
| Depreciation and amortization | $8.4K | $11.4K |
| Bad debt | $6.6K | $35.8K |
| Amortization of debt discount | $386.5K | $174.9K |
| Loss (gain) on settlement of non-redeemable convertible notes and promissory notes | -$1.2M | $1.1M |
| Initial derivative expense | $353.2K | $0 |
| Change in fair value of derivative liabilities | -$134.7K | $0 |
| Accounts and taxes receivable | $58.0K | -$31.3K |
| Prepaid expense | -$4.6K | $10.0K |
| Inventory | $0 | $38.2K |
| Accounts payable and accrued liabilities | $187.5K | $859.2K |
| Operating lease right-of-use liability | -$6.5K | -$8.5K |
| Net cash used in operating activities | -$807.9K | -$250.5K |
| Deposit, More Money Ltd. | -$60.0K | $0 |
| Net cash used in investing activities | -$60.0K | $0 |
| Advances | $1.8K | $0 |
| Repayment of advances | -$4.2K | $0 |
| Expenses paid for by related party | $853.1K | $62.9K |
| Repayment of advances to related party | $0 | -$45.3K |
| Proceeds from line of credit | $0 | $211.1K |
| Issuance of promissory notes | $243.0K | $0 |
| Net cash provided by financing activities | $1.1M | $228.8K |
| Change in foreign exchange | $53 | -$865 |
| Net change in cash | $225.9K | -$22.6K |
| Interest paid | $0 | $0 |
| Income taxes paid | $0 | $0 |
| Stock issued for conversion of convertible notes | $155.2K | $0 |
| Stock issued for the settlement of promissory note | $1.1M | $133.2K |
| Stock issued for the settlement of line of credit | $851.0K | $0 |
| Stock issued for settlement of debt - related party | $0 | $296.0K |
| Stock issued to settle non-redeemable convertible notes | $0 | $1.0M |
| Issue of new promissory notes to settle promissory notes, accrued expense and other liabilities | $0 | $2.1M |
No quarter-by-quarter statement was filed.
Corporate structure
Quantum X Inc. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Quantum X Inc.
- Emil Assentato Filed SCHEDULE 13D on Quantum X Inc., latest Jan 10, 2025
- Quantum X Inc. Locust Valley, New York
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Quantum X Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | $4.4K4 Dec 31, 2025 | $6.0K4 Dec 31, 2024 | −27.1% |
| Operating-lease assets (leased space) | $04 Dec 31, 2025 | $6.3K4 Dec 31, 2024 | −100.0% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $227.6K4 Dec 31, 2025 | $1.7K4 Dec 31, 2024 | +13032.4% |
Inventory
Properties, in its own words
Our executive offices are located at 141 Piping Rock Road, Locust Valley, New York 11560. We are currently not paying rent for these offices.
We believe that these facilities are adequate for our current and near-term future needs.
Item 2 of the 10-K filed Apr 10, 2026.3
Leadership
Who has led Quantum X Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerEmil Assentato Jan 10, 2025 to now12
- Chief executive officerNadav Elituv Jun 14, 2019 to Jan 10, 202513
- Chief financial officerEmil Assentato Jan 10, 2025 to now12
- Chief financial officerSteven Gryfe Nov 6, 2019 to Aug 30, 202114
Board members and other officers (4)
- Board memberEmil Assentato Jan 10, 2025 to now12
- Board memberCraig Marshak Jan 13, 2025 to now15
- Board memberBradley Southam Jun 14, 2019 to Aug 30, 202116
- Board memberNadav Elituv Jun 14, 2019 to now13
Former names
Timeline
- Sep 14, 20268-K Other events17
- Jul 23, 20268-K Bylaws or fiscal year changed18
- Jul 14, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares19
- Jul 8, 20268-K Other events20
- May 22, 20268-K Other events21
- Jan 23, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares22
- Jan 2, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares23
- Dec 18, 20258-K Unregistered sale of shares24
- Nov 26, 20258-K Executive or director change; Shareholder vote25
- May 13, 20258-K Executive or director change26
- May 2, 20258-K Entered a material agreement; New debt or obligation; Unregistered sale of shares27
- Apr 7, 20258-K Executive or director change28
- Jan 10, 2025New chief executive Emil Assentato becomes CEO12
- Jun 14, 2019New chief executive Nadav Elituv becomes CEO13
Filings
85 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 33 major events, 11 insider forms, 1 large holders, 20 other. The latest 20:
- Sep 14, 20268-K EDGAR
- Sep 3, 2026144 EDGAR
- Aug 19, 202610-Q EDGAR
- Aug 14, 2026NT 10-Q EDGAR
- Jul 23, 20268-K EDGAR
- Jul 14, 20268-K EDGAR
- Jul 8, 20268-K EDGAR
- May 22, 20268-K EDGAR
- May 22, 202610-Q EDGAR
- May 15, 2026S-8 EDGAR
- May 15, 2026NT 10-Q EDGAR
- Apr 10, 202610-K EDGAR
- Mar 31, 2026NT 10-K EDGAR
- Feb 4, 2026144 EDGAR
- Jan 23, 20268-K EDGAR
- Jan 2, 20268-K EDGAR
- Dec 18, 20258-K EDGAR
- Nov 26, 20258-K EDGAR
- Nov 14, 202510-Q EDGAR
- Oct 30, 2025DEF 14A EDGAR
The 85 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Emil AssentatoSCHEDULE 13D, 1 filing Jan 10, 202529
SEC filer profile
How Quantum X Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARQuantum X Inc.1
- CIK0001494413
- Employer ID (EIN)33-44297673
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company3
- Incorporated inDelaware3
- Fiscal year endsDecember 311
- Industry code (SIC)7389 Services-Business Services, NEC1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address141 Piping Rock Road, Locust Valley, NY 115601
- Phone516-384-25771
- Shares outstanding7,697,746,967 as of Aug 12, 202611
- Public float$11.6M as of Jun 30, 20253
- AuditorSadler, Gibb & Associates, LLC, Draper, UT PCAOB ID 3627; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceJun 22, 20101
- Filings290 in all: 8-K (75), 4 (54), 10-Q (48), 10-K (16), NT 10-Q (14), UPLOAD (13), CORRESP (10), 3 (8)1
All 30 form types
S-8 (7), NT 10-K (6), S-1/A (5), 8-K/A (4), DEF 14C (4), 1-A/A (3), PRE 14C (3), 10-K/A (2), 144 (2), DEF 14A (2), PRE 14A (2), S-1 (2), 1-A (1), 4/A (1), 424B3 (1), 8-A12G (1), D (1), DEFA14A (1), EFFECT (1), QUALIF (1), RW (1), SCHEDULE 13D (1)
- Latest filingsAnnual report (10-K) Apr 10, 2026
Quarterly report (10-Q) Aug 19, 2026
Proxy statement (DEF 14A) Oct 30, 2025
Latest 8-K (8-K) Sep 14, 2026
Risk factors and legal proceedings
Legal proceedings
We may from time to time be involved in various claims and legal proceedings of a nature we believe are normal and incidental to temporary employee staffing business. These matters may include product liability, intellectual property, employment, personal injury cause by our employees, and other general claims. We will accrue contingent liabilities when it is probable that a liability has been incurred and the amount can be reasonably estimated. We are not presently a party to any legal proceedings that, in the opinion of our management, are likely to have a material adverse effect on our business. Regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources and other factors.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARQuantum X Inc. filings on SEC EDGAR
- 2SEC EDGARQuantum X Inc. filings on SEC EDGAR
- 3
- 4SEC EDGARQuantum X Inc. 10-K for fiscal 2025
- 5SEC EDGARQuantum X Inc. 10-K for fiscal 2020
- 6SEC EDGARQuantum X Inc. 10-K for fiscal 2021
- 7SEC EDGARQuantum X Inc. 10-K for fiscal 2022
- 8SEC EDGARQuantum X Inc. 10-K for fiscal 2023
- 9SEC EDGARQuantum X Inc. 10-K for fiscal 2019
- 10SEC EDGARQuantum X Inc. 10-Q for fiscal 2026
- 11SEC EDGARQuantum X Inc. 10-Q for fiscal 2026
- 12
- 13
- 14
- 15SEC EDGARCraig Marshak, Board member
- 16SEC EDGARBradley Southam, Board member
- 17SEC EDGAROther events
- 18SEC EDGARBylaws or fiscal year changed
- 19
- 20SEC EDGAROther events
- 21SEC EDGAROther events
- 22
- 23
- 24SEC EDGARUnregistered sale of shares
- 25
- 26SEC EDGARExecutive or director change
- 27
- 28SEC EDGARExecutive or director change
- 29