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Private company

Quality Online Education Group Inc.

Quality Online Education Group Inc. is an American engineering, accounting, research, management services company.1 It is headquartered in Richmond Hill, Canada.1

Last updated Oct 21, 2026.

Overview

$1.7MRevenue, fiscal 20222
-$3.8MNet income, fiscal 20222
  • IndustryServices-Engineering, Accounting, Research, Management1
  • HeadquartersRichmond Hill, Canada1
  • Incorporated inDE3
  • Business address#306- 650 Highway 7 East, Richmond Hill, A6 L4B2N73
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation

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Financials

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

Key numbers, fiscal 2022

-225.9%Operating margin2
-225.9%Net margin2
248.4%Revenue growth, 20222

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue43¢$716.5K
  • Other costs57¢$961.4K

Out of $1.7M in revenue.2 The company lost money this year.

Financial statements

Revenue2$1.7M in 2022+248% since 2021
0$500.0K$1.0M$1.5M$2.0M2021: $481.6K$481.6K20212022: $1.7M$1.7M2022+248%
Operating income2-$3.8M in 2022+81% since 2021
-$4.0M-$3.0M-$2.0M-$1.0M02021: -$2.1M-$2.1M20212022: -$3.8M-$3.8M2022+81%
Net income2-$3.8M in 2022+81% since 2021
-$4.0M-$3.0M-$2.0M-$1.0M02021: -$2.1M-$2.1M20212022: -$3.8M-$3.8M2022+81%
Fiscal year2015202020212022
Revenue$481.6K2$1.7M2
Cost of revenue$436.2K2$716.5K2
Operating expenses$4.8M2
Operating income-$2.1M2-$3.8M2
Income before tax-$3.8M2
Net income-$2.1M2-$3.8M2
Earnings per share$0.002$0.002
Earnings per share (diluted)$0.002$0.002

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What it owns

What Quality Online Education Group 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

ItemLatestA year beforeChange
Machinery and equipment19.3K CAD2 Aug 31, 202216.3K CAD2 Aug 31, 2021+18.5%
Furniture and fixtures4.6K CAD2 Aug 31, 20224.6K CAD2 Aug 31, 20210%
Property and equipment, net$3.6K2 Aug 31, 2022$16.7K2 Aug 31, 2021−78.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, net$759.3K2 Aug 31, 2022$1.0M2 Aug 31, 2021−24.3%

Leadership

Who has led Quality Online Education Group Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Lai Ying Li2013

Chair

  1. Lai Ying Li2013

Chief financial officer

  1. Lai Ying Li2013

Chief operating officer

  1. Yin Yee Tso2013
201520202025
Board members and other officers (4)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerWu Xuye named Aug 29, 202313
  • DirectorWu Xijin named Aug 29, 202313

Former names

  • ADGS Advisory, Inc.May 10, 2013 to May 3, 20213
  • Life Nutrition Products, IncJul 21, 2008 to Jul 15, 20133

Timeline

  1. Apr 6, 20238-K Entered a material agreement14
  2. Jan 27, 20238-K Executive or director change15
  3. Dec 23, 20228-K Executive or director change16
  4. Apr 22, 2013New chief executive Lai Ying Li becomes CEO8

Filings

25 filings to the SEC since October 2021: 1 annual reports, 3 quarterly reports, 3 major events, 1 private raises, 17 other. The latest 20:

  1. Aug 29, 202315-12G EDGAR
  2. Aug 29, 2023D EDGAR
  3. Jul 17, 202310-Q EDGAR
  4. Apr 14, 202310-Q EDGAR
  5. Apr 6, 20238-K EDGAR
  6. Jan 27, 20238-K EDGAR
  7. Jan 6, 202310-Q EDGAR
  8. Dec 23, 20228-K EDGAR
  9. Nov 22, 202210-K EDGAR
  10. Aug 29, 20228-A12G EDGAR
  11. Aug 24, 2022QUALIF EDGAR
  12. Aug 24, 20221-A/A EDGAR
  13. Aug 22, 2022CORRESP EDGAR
  14. Aug 11, 2022CORRESP EDGAR
  15. Aug 11, 20221-A/A EDGAR
  16. Jul 18, 2022UPLOAD EDGAR
  17. Jun 22, 2022CORRESP EDGAR
  18. Jun 22, 20221-A/A EDGAR
  19. Jun 10, 2022UPLOAD EDGAR
  20. May 13, 20221-A/A EDGAR

The 25 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.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Aug 29, 2023Filed a private offering of equity13 Form D: $6 million offered in all Form D

SEC filer profile

How Quality Online Education Group Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARQuality Online Education Group Inc.1
  • CIK0001439237
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inDelaware1
  • Fiscal year endsAugust 311
  • Industry code (SIC)8700 Services-Engineering, Accounting, Research, Management1
  • Business address#306- 650 Highway 7 East, Richmond Hill, A6 L4B2N71
  • Phone164794760571
  • Shares outstanding1,855,065,263 as of Jul 17, 20236
  • On EDGAR sinceJul 21, 20081
  • Filings156 in all: 8-K (26), 10-Q (23), UPLOAD (19), CORRESP (14), 10-K (8), 8-K/A (8), NT 10-Q (8), 3 (7)1
    All 28 form types

    NT 10-K (6), 1-A/A (5), 10-Q/A (4), 4 (3), 10-K/A (2), 15-12G (2), 8-A12G (2), D (2), DEF 14C (2), PRE 14C (2), S-1/A (2), SC 13D (2), SC 14F1 (2), 1-A (1), 10-12B (1), D/A (1), EFFECT (1), NTN 10K (1), QUALIF (1), S-1 (1)

  • Latest filingsAnnual report (10-K) Nov 22, 2022
    Quarterly report (10-Q) Jul 17, 2023
    Latest 8-K (8-K) Apr 6, 2023

Sources

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