QHSLab, Inc. (USAQ): debt financing — QHSLab retires $1.4M in convertible notes for $300K; Q3 revenue up 35% to $737K

QHSLab, Inc.

2025-Q3 EPS reported -$0.01 revenue$1,987,931

Repurchased and cancelled $1.4M+ in defaulted convertible notes for $300K cash; conversion rights at $0.20/share eliminated.
Q3 2025 revenue rose 35% YoY to $737,066; gross profit $493,631 (67% margin); operating income $96,251.
Q3 net income of $33,411 vs $49,765 a year ago; YTD net loss of ($99,156) vs $28,350 net income in 2024.
Annualized interest expense reduced by >$200K; cash $158K at Sep 30, 2025; shares outstanding 11,281,527.
CEO cites stronger balance sheet, reduced dilution risk, and focus on growing recurring revenue for 2026.

item 1.01 item 2.04 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

QHSLab, Inc. reported a default on convertible notes of in excess of $1.4 million at 18 percent per annum.

Instrument: convertible notes
Principal: in excess of $1.4 million
Rate: 18 percent per annum
Event: default

Exact text from the filing

The Notes, which had been in default and bore interest at a default rate of 18 percent per annum, had an aggregate outstanding balance consisting of principal and accrued interest in excess of $1.4 million as of the date of redemption.

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QHSLab, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-023990

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