None
SEDAR Interim Financial Statements
QST · Price
[
{
"companyName": "Questor Technology Inc.",
"reportingPeriodEnd": "2025-09-30",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
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"tradeContractAssetsAndOtherReceivables": {
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"inventory": {
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"prepaidExpensesAndDeposits": {
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"currentTaxAssets": {
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"totalCurrentAssets": {
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"propertyAndEquipment": {
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"rightOfUseAssets": {
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"intangibleAssets": {
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"totalNonCurrentAssets": {
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},
"totalAssets": {
"2025-09-30": 23477554,
"2024-12-31": 24090332
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"tradePayablesAccruedLiabilitiesAndProvisions": {
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"deferredRevenue": {
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"currentPortionOfLeaseObligations": {
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"2024-12-31": 150643
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"currentPortionOfRepayableGovernmentGrant": {
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"currentPortionOfDeferredGrantBenefits": {
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"totalCurrentLiabilities": {
"2025-09-30": 2092149,
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"deferredTaxLiabilities": {
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"leaseObligations": {
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"totalNonCurrentLiabilities": {
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},
"totalLiabilities": {
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"issuedCapital": {
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"contributedSurplus": {
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"retainedEarnings": {
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"accumulatedOtherComprehensiveIncome": {
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"totalShareholdersEquity": {
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"totalLiabilitiesAndShareholdersEquity": {
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"cashPerShare": 0.1010,
"workingCapitalPerShare": 0.1876
},
"incomeStatement": {
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"threeMonthsEnded2024": 1142710,
"nineMonthsEnded2025": 6065425,
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"costOfSales": {
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"nineMonthsEnded2025": 3457560,
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"grossProfitLoss": {
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"administrationExpenses": {
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"researchAndDevelopmentExpenses": {
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"shareBasedPayments": {
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"depreciationExpenses": {
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"amortizationOfIntangibleAssets": {
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"nineMonthsEnded2025": null,
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"impairmentReversal": {
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"nineMonthsEnded2025": -128446,
"nineMonthsEnded2024": null
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"netForeignExchangeGainsLosses": {
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"otherIncomeExpense": {
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"lossBeforeTax": {
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"nineMonthsEnded2025": -519492,
"nineMonthsEnded2024": -2188424
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"incomeTaxExpenseRecovery": {
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"threeMonthsEnded2024": -1441,
"nineMonthsEnded2025": 25977,
"nineMonthsEnded2024": 4180
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"lossForThePeriod": {
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"nineMonthsEnded2025": -545469,
"nineMonthsEnded2024": -2192604
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"exchangeGainsLossesOnTranslatingForeignOperations": {
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"totalComprehensiveLoss": {
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"nineMonthsEnded2025": -562047,
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},
"lossPerShareBasicAndDiluted": {
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"threeMonthsEnded2024": -0.02,
"nineMonthsEnded2025": -0.02,
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"weightedAverageSharesOutstandingBasic": {
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"nineMonthsEnded2025": 27543917,
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},
"cashFlowStatement": {
"lossForThePeriod": {
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"threeMonthsEnded2024": -589599,
"nineMonthsEnded2025": -545469,
"nineMonthsEnded2024": -2192604
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"incomeTaxExpenseRecovery": {
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"threeMonthsEnded2024": -1441,
"nineMonthsEnded2025": 25977,
"nineMonthsEnded2024": 4180
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"depreciationOfPropertyAndEquipmentAndRightOfUseAssets": {
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"amortizationOfIntangibleAssets": {
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"threeMonthsEnded2024": 475,
"nineMonthsEnded2025": null,
"nineMonthsEnded2024": 1704
},
"gainOnDisposalOfPropertyAndEquipment": {
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"threeMonthsEnded2024": null,
"nineMonthsEnded2025": null,
"nineMonthsEnded2024": -15211
},
"leaseInterest": {
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"threeMonthsEnded2024": 11637,
"nineMonthsEnded2025": 49459,
"nineMonthsEnded2024": 20557
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"shareBasedPayments": {
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"accruedInvestmentInterest": {
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"threeMonthsEnded2024": 1046,
"nineMonthsEnded2025": 32850,
"nineMonthsEnded2024": -22338
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"realizedInterestOnInvestments": {
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"threeMonthsEnded2024": -59151,
"nineMonthsEnded2025": -75880,
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},
"impairmentReversal": {
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"nineMonthsEnded2024": null
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"movementsInNonCashWorkingCapital": {
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"incomeTaxRefundPaid": {
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"threeMonthsEnded2024": 1500,
"nineMonthsEnded2025": -31655,
"nineMonthsEnded2024": 40690
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"netCashProvidedByUsedInOperatingActivities": {
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"nineMonthsEnded2025": 1377184,
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"paymentsForPropertyAndEquipment": {
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"paymentsForIntangibleAssets": {
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"netRedemptionsAdditionsOfInvestments": {
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"interestReceivedFromInvestments": {
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"nineMonthsEnded2025": 75880,
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"unrealizedTranslationOnInvestments": {
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"threeMonthsEnded2024": 19264,
"nineMonthsEnded2025": 58099,
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},
"netCashProvidedByUsedInInvestingActivities": {
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"threeMonthsEnded2024": -99121,
"nineMonthsEnded2025": -3421568,
"nineMonthsEnded2024": 669234
},
"leaseObligationsPayments": {
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"threeMonthsEnded2024": -69778,
"nineMonthsEnded2025": -158554,
"nineMonthsEnded2024": -211650
},
"repurchaseOfShares": {
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"threeMonthsEnded2024": -97701,
"nineMonthsEnded2025": -21969,
"nineMonthsEnded2024": -254866
},
"paymentOfGovernmentGrant": {
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"threeMonthsEnded2024": -80400,
"nineMonthsEnded2025": -241200,
"nineMonthsEnded2024": -241200
},
"netCashUsedInFinancingActivities": {
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"threeMonthsEnded2024": -247879,
"nineMonthsEnded2025": -421723,
"nineMonthsEnded2024": -707716
},
"netDecreaseInCash": {
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"threeMonthsEnded2024": -458229,
"nineMonthsEnded2025": -2466107,
"nineMonthsEnded2024": -1051816
},
"cashAndCashEquivalentsAtBeginningOfThePeriod": {
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"threeMonthsEnded2024": 3758867,
"nineMonthsEnded2025": 5261348,
"nineMonthsEnded2024": 4327048
},
"effectsOfExchangeRateChangesOnTheBalanceOfCashHeldInForeignCurrencies": {
"threeMonthsEnded2025": 3457,
"threeMonthsEnded2024": -21173,
"nineMonthsEnded2025": -14736,
"nineMonthsEnded2024": 4233
},
"cashAndCashEquivalentsAtEndOfThePeriod": {
"threeMonthsEnded2025": 2780505,
"threeMonthsEnded2024": 3279465,
"nineMonthsEnded2025": 2780505,
"nineMonthsEnded2024": 3279465
}
},
"investmentsAndOtherAssets": [
{
"type": "Marketable Securities",
"description": "Canadian redeemable guaranteed investment certificates and US dollar redeemable term deposits",
"ownershipPercentage": null,
"value": 2473061,
"notes": "Interest is paid at maturity and ranges from a fixed annual rate of 2.37 percent to 5.18 percent. Maturity dates from 91 days to one year."
},
{
"type": "Mineral/Resource Properties",
"description": "Heat to power development (waste heat to power project)",
"ownershipPercentage": null,
"value": 10171879,
"notes": "Technology currently under development, partially funded by Sustainable Development Technology Canada. Amortization has not yet commenced."
}
],
"shareStructure": {
"authorizedShares": "unlimited",
"issuedShares": null,
"classesOfShares": ["common shares"],
"warrants": [],
"options": [
{
"number": 125000,
"exercisePrice": 0.73,
"expiryDate": null
}
],
"rightsConvertibleInstruments": "Performance Share Units (PSUs), Restricted Share Units (RSUs), Deferred Share Units (DSUs) plans. As of September 30, 2025: 205,000 RSUs, 388,610 PSUs, 775,034 DSUs outstanding."
},
"managementCompensation": {
"currency": "CAD",
"periods": {},
"namedIndividuals": [],
"otherRelatedPartyTransactions": []
},
"subsequentEvents": [
{
"eventDate": "2025-10-01",
"description": "Renewed Grade Prairie lease for 2 years, commencing October 1, 2025.",
"impactValue": null
},
{
"eventDate": null,
"description": "Settlement of 27,780 restricted share units and 33,334 performance share units that vested in September 2025, postponed until October due to a blackout period.",
"impactValue": null
},
{
"eventDate": null,
"description": "Penalty phase of contempt hearing for Emission Rx litigation scheduled for Q4 2025.",
"impactValue": null
}
]
}
]
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