secwatch.observer — SEC 8-K summary
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Issuer:     Quantum Computing Inc. (QUBT)
CIK:        0001758009
Form:       8-K/A
Filed at:   2022-09-02T23:59:59+00:00
Accession:  0001213900-22-053276
Event type: m_and_a
Sentiment:  negative
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QPhoton audited financials: $1.4M net loss, no revenue, going concern doubt
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- QPhoton had zero revenue for 2021 and 2020; net loss of $1.41M in 2021 ($0.27 diluted loss per share).
- Accumulated deficit of $2.25M as of Dec 31, 2021; working capital deficiency of $32,809.
- Auditor BF Borgers CPA PC expressed substantial doubt about QPhoton's ability to continue as a going concern.
- QPhoton received $2.5M bridge financing from Quantum Computing Inc. after Dec 31, 2021, noted in subsequent events.
- 2021 operating expenses were $1.06M, including $747K stock-based compensation and $120K salaries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758009/000121390022053276/0001213900-22-053276-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758009/000121390022053276/ea165244-8ka_quantum.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-053276

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