Overview
Compare with EDUCATIONAL DEVELOPMENT CORP, NATURAL HEALTH TRENDS CORP or HYDROFARM HOLDINGS GROUP, INC., or pick any stock.
- TickerQPRC on OTC1
- IndustryWholesale-Miscellaneous Nondurable Goods1
- HeadquartersRye, New York1
- Business address411 Theodore Fremd Ave., Suite 206S, Rye, Ny 105803
- Filer categoryNon-accelerated filer, Smaller reporting company3
See how the biggest companies compare on our leaderboards
Finance Patent Security Agreement, the Subordination Agreement and the Letter of Instructions, the “QPRC Finance Investment Documents”).4 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 2024
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Cost of revenue38¢$1.8M
- Selling, general and admin58¢$2.8M
- Interest2¢$118.9K
- Income tax2¢$100.0K
Out of $2.8M in revenue.5 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Patent licensing fees | $2.8M | |
| Litigation and licensing expenses | $4.1M | $1.8M |
| Gross (loss) margin | -$4.1M | $950.9K |
| Selling, general and administrative expenses | $3.6M | $2.8M |
| Total operating expenses | $3.6M | $2.8M |
| Loss from operations | -$7.7M | -$1.8M |
| Change in fair market value of warrant liability | -$102.3K | $164.7K |
| Interest expense | -$699.9K | -$689.9K |
| Total other income (expense) | -$802.2K | -$525.2K |
| Loss before income tax | -$8.5M | -$2.4M |
| Income tax expense | -$100.0K | |
| Net loss | -$8.5M | -$2.5M |
| Loss per share - basic (in Dollars per share) | -$1.59 | -$0.46 |
| Loss per share - diluted (in Dollars per share) | -$1.59 | -$0.46 |
| Weighted average shares outstanding - basic (in Shares) | 5.3M shares | 5.3M shares |
| Weighted average shares outstanding - diluted (in Shares) | 5.3M shares | 5.3M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $192.6K | $482.0K | |
| Accounts receivable, net of allowance for credit losses of $0 and $0, respectively | $8.3K | $8.3K | |
| Other current assets | $6.4K | $12.0K | |
| Total current assets | $207.3K | $502.3K | |
| Patents, net of accumulated amortization of $4,856,737 and $3,048,750, respectively | $10.2M | $3.0M | |
| Total assets | $10.4M | $3.5M | |
| Accounts payable and accrued liabilities ($10,000 and $11,041 due to related parties, respectively) | $121.9K | $156.0K | |
| Loans payable | $138.0K | $138.0K | |
| Funding liability | $22.3M | $7.6M | |
| Warrant liability | $219.5K | $117.1K | |
| Accrued interest | $1.9M | $1.2M | |
| Total current liabilities | $27.4M | $12.0M | |
| Loan payable SBA | $150.0K | $150.0K | |
| Purchase price of patents | $53.7K | $53.7K | |
| Total liabilities | $27.6M | $12.2M | |
| Common stock, par value $0.00003 per share; authorized 30,000,000 at December 31, 2025 and 2024; 5,331,973 shares issued and outstanding at December 31, 2025 and 2024 | $160 | $160 | |
| Additional paid-in capital | $17.7M | $17.7M | |
| Accumulated deficit | -$34.9M | -$26.4M | |
| Total Quest Patent Research Corporation stockholders deficit | -$17.2M | -$8.7M | |
| Non-controlling interest in subsidiary | $228 | $228 | |
| Total stockholders deficit | -$17.2M | -$8.7M | -$6.2M |
| Total liabilities and stockholders deficit | $10.4M | $3.5M | |
| Accounts receivable, net of allowance for credit losses | $0 | $0 | |
| Patents, net of accumulated amortization | $4.9M | $3.0M | |
| Preferred stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in Shares) | 10.0M shares | 10.0M shares | |
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in Shares) | 30.0M shares | 30.0M shares | |
| Common stock, shares issued (in Shares) | 5.3M shares | 5.3M shares | |
| Common stock, shares outstanding (in Shares) | 5.3M shares | 5.3M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $192.6K | $482.0K | |
| Accounts receivable, net of allowance for credit losses of $0 and $0, respectively | $8.3K | $8.3K | |
| Other current assets | $6.4K | $12.0K | |
| Total current assets | $207.3K | $502.3K | |
| Patents, net of accumulated amortization of $4,856,737 and $3,048,750, respectively | $10.2M | $3.0M | |
| Total assets | $10.4M | $3.5M | |
| Accounts payable and accrued liabilities ($10,000 and $11,041 due to related parties, respectively) | $121.9K | $156.0K | |
| Loans payable | $138.0K | $138.0K | |
| Funding liability | $22.3M | $7.6M | |
| Warrant liability | $219.5K | $117.1K | |
| Accrued interest | $1.9M | $1.2M | |
| Total current liabilities | $27.4M | $12.0M | |
| Loan payable SBA | $150.0K | $150.0K | |
| Purchase price of patents | $53.7K | $53.7K | |
| Total liabilities | $27.6M | $12.2M | |
| Common stock, par value $0.00003 per share; authorized 30,000,000 at December 31, 2025 and 2024; 5,331,973 shares issued and outstanding at December 31, 2025 and 2024 | $160 | $160 | |
| Additional paid-in capital | $17.7M | $17.7M | |
| Accumulated deficit | -$34.9M | -$26.4M | |
| Total Quest Patent Research Corporation stockholders deficit | -$17.2M | -$8.7M | |
| Non-controlling interest in subsidiary | $228 | $228 | |
| Total stockholders deficit | -$17.2M | -$8.7M | -$6.2M |
| Total liabilities and stockholders deficit | $10.4M | $3.5M | |
| Accounts receivable, net of allowance for credit losses | $0 | $0 | |
| Patents, net of accumulated amortization | $4.9M | $3.0M | |
| Preferred stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in Shares) | 10.0M shares | 10.0M shares | |
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in Shares) | 30.0M shares | 30.0M shares | |
| Common stock, shares issued (in Shares) | 5.3M shares | 5.3M shares | |
| Common stock, shares outstanding (in Shares) | 5.3M shares | 5.3M 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.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$8.5M | -$2.5M |
| Change in fair market value of warrant liability | $102.3K | -$164.7K |
| Stock-based compensation | $5.8K | |
| Amortization of intangible assets | $1.8M | $636.4K |
| Accounts receivable | $3.0M | |
| Accrued interest | $691.1K | $99.3K |
| Other current assets | $5.6K | $16.1K |
| Accounts payable and accrued liabilities | -$34.1K | -$1.5M |
| Net cash used in operating activities | -$5.9M | -$390.3K |
| Purchase of intangible assets | -$9.0M | |
| Net cash used in investing activities | -$9.0M | |
| Proceeds from funding liability | $14.6M | $1.8M |
| Payment of funding liability | -$1.5M | |
| Net cash provided by financing activities | $14.6M | $308.9K |
| Net decrease in cash and cash equivalents | -$289.4K | -$81.5K |
| Interest added to principal | $5.6K | $5.6K |
| Income taxes | $0 | $100.0K |
| Interest | $8.8K | $486.3K |
No quarter-by-quarter statement was filed.
What it owns
What QUEST PATENT RESEARCH CORP 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.
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $192.6K5 Dec 31, 2025 | $482.0K5 Dec 31, 2024 | −60.0% |
| Deposits held (banks) | $14.0K9 Dec 31, 2024 | $6.6K9 Dec 31, 2023 | +112.1% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $3.0M9 Dec 31, 2024 | $3.7M9 Dec 31, 2023 | −17.3% |
| Finite-lived intangibles, gross | $6.1M9 Dec 31, 2024 | $6.1M9 Dec 31, 2023 | 0% |
| Accumulated amortization | $4.9M5 Dec 31, 2025 | $3.0M5 Dec 31, 2024 | +59.3% |
| Finite-lived intangibles, net | $10.2M5 Dec 31, 2025 | $3.0M5 Dec 31, 2024 | +236.7% |
Properties, in its own words
We do not own or lease any real property.
Item 2 of the 10-K filed Mar 30, 2026.4
Leadership
Who has led QUEST PATENT RESEARCH CORP, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief operating officer
201520202025
- Chief executive officerJon Charles Scahill Nov 3, 2014 to Jan 5, 201515
- PresidentJon Charles Scahill May 12, 2014 to May 12, 201416
- Chief operating officerJon Charles Scahill May 12, 2014 to May 12, 201416
Board members and other officers (5)
- Chief Technology OfficerTimothy J. Scahill Jan 5, 2015 to Jan 5, 201517
- Board memberRobert Christopher Paladino May 5, 2014 to May 5, 201418
- Board memberJon Charles Scahill May 12, 2014 to Jan 5, 201516
- Board memberWilliam Ryall Carroll Nov 5, 2014 to Jan 5, 201519
- Board memberTimothy J. Scahill Nov 7, 2014 to Jan 5, 201520
Former names
Timeline
- Apr 30, 20258-K Executive or director change21
- Apr 23, 20258-K Entered a material agreement22
- Oct 31, 20248-K Regulation FD disclosure23
- May 2, 20248-K Earlier financial statements no longer reliable24
- Mar 16, 20238-K Entered a material agreement25
- Jul 28, 20228-K Bylaws or fiscal year changed; Shareholder vote26
- Nov 3, 2014New chief executive Jon Charles Scahill becomes CEO15
Filings
40 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 6 major events, 13 other. The latest 20:
- Aug 14, 202610-Q QUARTERLY REPORT EDGAR
- May 15, 202610-Q QUARTERLY REPORT EDGAR
- May 14, 2026EFFECT EDGAR
- May 8, 2026POS AM POST-EFFECTIVE AMENDMENT NO. 7 TO FORM S-1 EDGAR
- Mar 30, 202610-K ANNUAL REPORT EDGAR
- Nov 13, 202510-Q QUARTERLY REPORT EDGAR
- Aug 14, 202510-Q QUARTERLY REPORT EDGAR
- May 15, 202510-Q QUARTERLY REPORT EDGAR
- May 14, 2025EFFECT EDGAR
- May 8, 2025POS AM POST-EFFECTIVE AMENDMENT NO. 6 TO FORM S-1 EDGAR
- Apr 30, 20258-K CURRENT REPORT EDGAR
- Apr 23, 20258-K CURRENT REPORT EDGAR
- Mar 26, 202510-K ANNUAL REPORT EDGAR
- Nov 14, 202410-Q QUARTERLY REPORT EDGAR
- Oct 31, 20248-K CURRENT REPORT EDGAR
- Aug 12, 202410-Q QUARTERLY REPORT EDGAR
- Jun 24, 2024EFFECT EDGAR
- May 31, 2024POS AM POST-EFFECTIVE AMENDMENT NO. 5 TO FORM S-1 EDGAR
- May 15, 202410-Q QUARTERLY REPORT EDGAR
- May 14, 202410-K/A AMENDMENT NO. 1 TO FORM 10-K EDGAR
The 40 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.
SEC filer profile
How QUEST PATENT RESEARCH CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARQUEST PATENT RESEARCH CORP1
- CIK0000824416
- Employer ID (EIN)11-28736624
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)5190 Wholesale-Miscellaneous Nondurable Goods1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address411 Theodore Fremd Ave., Suite 206S, Rye, NY 105801
- Phone88874375771
- Shares outstanding5,331,973 as of Aug 13, 202612
- Public float$404.0K as of Jun 30, 20244
- AuditorRosenberg Rich Baker Berman, P.A, Somerset, New Jersey PCAOB ID 89; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceFeb 6, 19961
- Filings171 in all: 10-Q (50), 8-K (22), 10QSB (15), 10-K (14), EFFECT (10), POS AM (10), 10KSB (8), NT 10-K (7)1
All 27 form types
CORRESP (5), 3 (4), 5 (4), S-1/A (3), UPLOAD (3), 424B3 (2), S-1 (2), 10-K/A (1), 10-Q/A (1), 10KSB/A (1), 4 (1), 4/A (1), 8-K/A (1), CT ORDER (1), NT 10-Q (1), NTN 10K (1), RW (1), S-8 (1), SC 13D (1)
- Latest filingsAnnual report (10-K) Mar 30, 2026
Quarterly report (10-Q) Aug 14, 2026
Latest 8-K (8-K) Apr 30, 2025
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| None |
From the cover page of the 10-K filed Mar 30, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks QUEST PATENT RESEARCH CORP names in Item 1A of its 10-K filed Mar 30, 2026: 3 risks under these headings, as written.4
- Risks Relating to our Financial Conditions and Operations
- Risks Relating to Monetizing our Intellectual Property Rights
- Risks Relating to our Common Stock
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2Yahoo FinanceQPRC quote
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16SEC EDGARJon Charles Scahill, President
- 17
- 18
- 19SEC EDGARWilliam Ryall Carroll, Board member
- 20SEC EDGARTimothy J. Scahill, Board member
- 21SEC EDGARExecutive or director change
- 22SEC EDGAREntered a material agreement
- 23SEC EDGARRegulation FD disclosure
- 24
- 25SEC EDGAREntered a material agreement
- 26