Private company

TELIX QSAM INC.

American specialty cleaning company based in Austin, incorporated in Delaware. Summary from the record

Last updated Oct 19, 2026.

Overview

IndustrySpecialty Cleaning, Polishing and Sanitation Preparations¹
HeadquartersAustin, Texas¹
Incorporated inDE²
Business address9442 Capital Of Texas Hwy N, Plaza 1, Suite 500, Austin, Tx 78759²
Filer categoryNon-accelerated filer, Smaller reporting company²
Legal formCorporation

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We initiated this trial at our first site (Houston, TX) in November 2021 and to date we have dosed five patients.³ From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Revenue⁴⁵⁶⁷$0 in 2022

Gross profit⁴$33.3K in 2018+191% since 2017

Operating income⁴⁸⁹⁵⁶¹⁰-$5.5M in 2022+312% since 2017

Net income⁴⁸⁹⁵⁶¹⁰-$5.5M in 2022+102% since 2017

Fiscal year	2017	2018	2019	2020	2021	2022
Revenue	$74.8K⁴	$33.3K⁴		$0⁵	$0⁶	$0⁷
Cost of revenue	$63.3K⁴
Gross profit	$11.5K⁴	$33.3K⁴
Research and development				$362.5K⁵	$647.3K⁶	$1.0M¹⁰
Operating expenses					$11.0M⁶	$5.5M¹⁰
Operating income	-$1.3M⁴	-$1.6M⁸	-$1.1M⁹	-$1.3M⁵	-$11.0M⁶	-$5.5M¹⁰
Interest
Income before tax					-$12.0M⁶	-$5.5M¹⁰
Income tax
Net income	-$2.7M⁴	-$397.3K⁸	-$682.0K⁹	-$4.9M⁵	-$12.0M⁶	-$5.5M¹⁰
Earnings per share					-$17.20⁶	-$3.45¹⁰
Earnings per share (diluted)						-$3.45¹⁰
Shares (weighted, basic)					791.6K shares⁶	1.8M shares¹⁰
Shares (weighted, diluted)						1.8M shares¹⁰

Total assets⁴⁸⁹⁵⁶¹⁰$364.6K in 2022+20% since 2017

Total liabilities⁴⁸⁹⁵⁶¹⁰$1.6M in 2022−56% since 2017

Shareholders’ equity⁸⁹⁵⁶¹⁰-$1.9M in 2022−51% since 2017

Cash⁴⁸⁹⁵⁶$225.3K in 2022−25% since 2017

Fiscal year	2017	2018	2019	2020	2021	2022
Cash	$298.7K⁴	$160.0K⁸	$478⁹	$8.3K⁵	$1.5M⁶	$225.3K⁶
Current assets	$304.5K⁴	$160.0K⁸	$8.1K⁹	$21.2K⁵	$1.7M⁶	$364.6K¹⁰
Total assets	$305.1K⁴	$160.4K⁸	$8.1K⁹	$21.2K⁵	$1.7M⁶	$364.6K¹⁰
Current liabilities	$286.5K⁴	$458.9K⁸	$3.8M⁹	$4.2M⁵	$860.6K⁶	$1.6M¹⁰
Total liabilities	$3.6M⁴	$3.4M⁸	$3.8M⁹	$4.3M⁵	$1.4M⁶	$1.6M¹⁰
Retained earnings					-$29.3M⁶	-$35.2M¹⁰
Shareholders’ equity	-$3.9M⁸	-$4.0M⁹	-$4.6M⁵	-$5.1M⁶	-$416.7K¹⁰	-$1.9M¹⁰
Shares outstanding	48.4M shares⁴	52.0M shares⁸	2.1M shares⁹	19.5M shares⁵	1.7M shares⁶	2.3M shares¹⁰

Cash from operations⁴⁸⁹⁵⁶¹⁰-$2.7M in 2022+125% since 2017

Fiscal year	2017	2018	2019	2020	2021	2022
Cash from operations	-$1.2M⁴	-$1.1M⁸	-$978.1K⁹	-$742.9K⁵	-$1.7M⁶	-$2.7M¹⁰
Stock-based compensation					$75.7K⁶	$1.5M¹⁰
Capital spending
Cash from financing					$3.2M⁶	$1.4M¹⁰

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Leadership

Who has led TELIX QSAM INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

Chair

President

Lloyd J. Breedlove2014

Chief financial officer

201520202025

Chief executive officerDouglas R. Baum Feb 15, 2022 to May 2, 2024¹³
Chief executive officerKevin Bolin Feb 16, 2021 to Feb 16, 2021¹⁴
Chief executive officerChristopher M. Nelson Dec 18, 2015 to May 17, 2017¹⁵
Chief executive officerLloyd J. Breedlove Apr 16, 2014 to Apr 16, 2014¹⁶
ChairC. Richard Piazza Feb 15, 2022 to May 2, 2024¹⁷
ChairKevin Bolin Feb 16, 2021 to Feb 16, 2021¹⁴
PresidentLloyd J. Breedlove Apr 16, 2014 to Apr 16, 2014¹⁶
Chief financial officerAdam King Jun 29, 2023 to May 2, 2024¹⁸
Chief financial officerMichelle Murcia Dec 18, 2015 to May 18, 2017¹⁹
Chief financial officerStephen J. Hoelscher Apr 16, 2014 to Jun 29, 2015²⁰

Board members and other officers (12)

Chief Technology OfficerSudheer Pimputkar Dec 18, 2015 to May 18, 2017²¹
Board memberDavid Charles Link Feb 15, 2022 to Feb 15, 2022²²
Board memberDouglas R. Baum Feb 15, 2022 to May 2, 2024¹³
Board memberAdriann Sax Feb 17, 2022 to May 2, 2024²³
Board memberCharles J. Link Jr. Mar 8, 2022 to May 2, 2024²⁴
Board memberTristan Peitz May 17, 2017 to Jun 15, 2018²⁵
Board memberKevin Bolin Aug 22, 2016 to May 17, 2017²⁶
Board memberChristopher M. Nelson Dec 18, 2015 to Feb 14, 2022¹⁵
Board memberJoel David Mayersohn Dec 18, 2015 to Feb 14, 2022²⁷
Board memberChristopher J. Spencer Apr 15, 2014 to Aug 12, 2014²⁸
Board memberWilliam J. Robbins Apr 16, 2014 to Apr 16, 2014²⁹
General counselChristopher M. Nelson Feb 16, 2021 to May 2, 2024³⁰

Former names

QSAM Biosciences, Inc.Nov 10, 2020 to May 2, 2024²
Q2Earth Inc.Aug 23, 2017 to Sep 11, 2020²
Q2Power Technologies, Inc.Dec 15, 2015 to Aug 18, 2017²
Anpath Group, Inc.Oct 17, 2006 to Dec 11, 2015²
Telecomm Sales Network IncDec 1, 2004 to Jan 10, 2007²

Timeline

Feb 15, 2022New chief executive Douglas R. Baum becomes CEO¹³
Feb 16, 2021New chief executive Kevin Bolin becomes CEO¹⁴
Dec 18, 2015New chief executive Christopher M. Nelson becomes CEO¹⁵
Apr 16, 2014New chief executive Lloyd J. Breedlove becomes CEO¹⁶

Filings

94 filings to the SEC since October 2021: 3 annual reports, 7 quarterly reports, 26 major events, 34 insider forms, 9 large holders, 2 private raises, 13 other. The latest 20:

May 2, 202415-12G EDGAR
May 2, 20248-K EDGAR
May 2, 2024SC 13G/A EDGAR
May 2, 2024SC 13G/A EDGAR
May 2, 2024SC 13D/A EDGAR
May 2, 20244 EDGAR
May 2, 20244 EDGAR
May 2, 20244 EDGAR
May 2, 20244 EDGAR
May 2, 20244 EDGAR
May 2, 20244 EDGAR
May 2, 20248-K EDGAR
Apr 11, 2024DEFM14C EDGAR
Apr 1, 2024PREM14C EDGAR
Mar 20, 202410-K EDGAR
Feb 20, 2024SC 13D/A EDGAR
Feb 20, 20245 EDGAR
Feb 20, 2024SC 13G/A EDGAR
Feb 15, 2024SC 13G/A EDGAR
Feb 14, 20244/A EDGAR

The 94 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.

Checkmate Strategic Capital 2, LLCSC 13D/A, 2 filings Feb 20, 2024 to May 2, 2024³¹
GSB Holdings, Inc.SC 13G/A, 4 filings Jan 5, 2022 to May 2, 2024³²
Strategic Planning Assets LtdSC 13G/A, 3 filings Jan 5, 2022 to May 2, 2024³³

Money raised

Private offerings the company reported to the SEC on Form D.

Sep 30, 2022Raised $925,000 in a private offering of equity Form D: $3.5 million offered in all Form D
Oct 31, 2021Raised $555,000 in a private offering of debt Form D: $1 million offered in all Form D

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARTELIX QSAM INC. filings on SEC EDGAR
2
SEC EDGARTELIX QSAM INC. filings on SEC EDGAR
3
SEC EDGARTELIX QSAM INC. annual report, Item 1 (Business)
4
SEC EDGARTELIX QSAM INC. 10-K for fiscal 2017
5
SEC EDGARTELIX QSAM INC. 10-K for fiscal 2020
6
SEC EDGARTELIX QSAM INC. 10-K for fiscal 2021
7
SEC EDGARTELIX QSAM INC. 10-K for fiscal 2022
8
SEC EDGARTELIX QSAM INC. 10-K for fiscal 2018
9
SEC EDGARTELIX QSAM INC. 10-K for fiscal 2019
10
SEC EDGARTELIX QSAM INC. 10-K for fiscal 2022
11
SEC EDGARTELIX QSAM INC. 10-Q for fiscal 2023
12
SEC EDGARTELIX QSAM INC. 10-Q for fiscal 2023
13
SEC EDGARDouglas R. Baum, Chief executive officer
14
SEC EDGARKevin Bolin, Chief executive officer
15
SEC EDGARChristopher M. Nelson, Chief executive officer
16
SEC EDGARLloyd J. Breedlove, Chief executive officer
17
SEC EDGARC. Richard Piazza, Chair
18
SEC EDGARAdam King, Chief financial officer
19
SEC EDGARMichelle Murcia, Chief financial officer
20
SEC EDGARStephen J. Hoelscher, Chief financial officer
21
SEC EDGARSudheer Pimputkar, Chief Technology Officer
22
SEC EDGARDavid Charles Link, Board member
23
SEC EDGARAdriann Sax, Board member
24
SEC EDGARCharles J. Link Jr., Board member
25
SEC EDGARTristan Peitz, Board member
26
SEC EDGARKevin Bolin, Board member
27
SEC EDGARJoel David Mayersohn, Board member
28
SEC EDGARChristopher J. Spencer, Board member
29
SEC EDGARWilliam J. Robbins, Board member
30
SEC EDGARChristopher M. Nelson, General counsel
31
SEC EDGARCheckmate Strategic Capital 2, LLC SC 13D/A on TELIX QSAM INC.
32
SEC EDGARGSB Holdings, Inc. SC 13G/A on TELIX QSAM INC.
33
SEC EDGARStrategic Planning Assets Ltd SC 13G/A on TELIX QSAM INC.