QSEP— QS Energy, Inc.

Metric	FY2025	FY2024	FY2023	FY2022
Revenues	$0	$0	$0	$0
Operating expenses	$13.3M+861.2%	$1.4M+101.3%	$688K-10.1%	$765K
Research and development expenses	$1.6M+743.5%	$191K-5.9%	$203K-58.2%	$486K
Loss from operations	-$14.9M-846.9%	-$1.6M-76.9%	-$891K+28.8%	-$1.3M
Interest and financing expense	-$389K-8.7%	-$358K-7.5%	-$333K+7.5%	-$360K
Other	$7K	$0	—	—
Net Loss	-$15.3M-691.4%	-$1.9M-58.0%	-$1.2M+20.9%	-$1.5M
Net loss per common share, basic	-$0.03	$0.00	$0.00	$0.00
Net loss per common share, diluted	-$0.03	$0.00	$0.00	$0.00
Weighted average common shares outstanding, basic	499.7M+23.4%	405.0M+5.0%	385.6M+6.6%	361.8M
Weighted average common shares outstanding, diluted	499.7M+23.4%	405.0M+5.0%	385.6M+6.6%	361.8M

Source: SEC EDGAR XBRL. % change vs prior period shown where available.

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Source: SEC EDGAR 10-K and 10-Q filings. Last 4 years annual and quarterly free, full history (up to 20 years) on Pro.