Qsam Biosciences Inc   (APGR)
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 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) 3
 Employees 6
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -5
 Cash Flow (TTM) (Millions $) 1
 Capital Exp. (TTM) (Millions $) 0

Qsam Biosciences Inc

Q2Power strives to give businesses and communities the power to manage and monetize their waste through scalable technology and networked business solutions. We seek to eliminate costs and regulatory liabilities of waste disposal for under-served customers by using these waste resources to generate distributed renewable energy and other valuable reuse co-products. We call our small-scale, customer-centric solutions “Resource Ecosystems”, and see them as critical steps towards what we believe to be the inevitable decentralization (reducing transportation and increasing resource utilization) of the $75 Billion waste management industry in the United States. Our vision is to become an agent of change and global leader in this transformational shift from “wasteful” to “resourceful” attitudes and practices. In this way, we will work to contribute to the long term sustainability of our customers and our planet.

The Company’s prime target market for development of our Resource Ecosystems are small-scale Waste Water Treatment Plants (“WWTPs”) and other sites such as farms that utilize Anaerobic Digestion – a proven process that reduces bio-solid volume, treats pathogens, and produces methane (a useful fuel, but also powerful greenhouse gas if not eliminated) as a by-product. Approximately 400 of these WWTPs (out of about 1200 nationwide) process under 20 million gallons per day (“MGD”) of waste water; but only 55 of them (14%) utilize their waste methane for power or heat, according to the U.S. Department of Energy (“DOE”) and Environmental Protection Agency (“EPA”). Further, most of these WWTPs send their bio-solids (i.e., sludge, the resulting waste of the AD process) to landfills, which is a major cost item. In the Company’s observation and research, these WWTPs are generally over-looked by established waste management and waste-to-power companies because they are too small for traditional, power and waste solutions.

We also focus on commercial and smaller industrial customers that produce waste fuels in their primary manufacturing processes. To the extent that we can combust these fuels on site while meeting EPA air quality guidelines, we can utilize our proprietary technology to generate electric power and useful process heat with resources that previously constituted a disposal cost item for the facility owners. In doing so, we may be able to reduce their operating costs and power consumption from the grid, while eliminating certain liabilities and expenses of waste fuel transportation and disposal.

Our business model is based in large part on our proprietary technology, which currently includes a unique reciprocating piston external heat engine (the “Q2P Engine”). The foundation for this technology comes from our 20-year (with two 10-year renewal periods) worldwide exclusive license agreement with Cyclone, our former parent. Independently from Cyclone, we have developed this core technology to a working “pilot stage” product currently in the field, and have recevied our first commercial purchase order to be delivered in Q2 2016.

We have also developed other critical technologies to support a total combined heat and power (“CHP”) system around the Q2P Engine, such as waste fuel burners, controls and other subcomponents (collectively with the Q2P Engine, referred to as a “CHP System”). The CHP System produces grid-ready electric power and process heat from the input of waste liquid or gasseous fuels such as methane, biogas, used motor oil, and other similar non-spec fuel resources. Early internal testing of our combustion system shows relatively clean emissions from these waste fuels, meaning that we believe we can meet EPA air-quality standards for similarly-sized power systems; however this has not yet been verified by an independent third party. Our complete CHP System package is housed in a portable shipping container, and has modular functionality, so Q2P Engines can be added to generate additional power, as needed.

The Q2P Engine itself runs on a steam-based Rankine cycle, similar to how large-scale coal and nulear plants produce power; however, our technology is designed for small-scale distributed power generation applications. This engine produces mechanical power when the working fluid (water) is presurized and super-heated to about 600F in a heat exchanger that is placed in the hot exhaust stream of another work-producing piece of equipment (such as our proprietary methane/biogas burner system). Through a specialized valving subsystem, this fluid is piped to the Q2P Engine’s cylinders where it expands rapidly to push pistons and turn a crank shaft. The cooling gas then goes into a condensor where it turns back into a liquid to start the process again. In this way, the system is “closed-loop”, not requiring any additional fluids to be added. The Q2P Engine has been running both in our facility and in initial field pilot programs for over one year, logging hundreds of hours of operating time.

Beyond the Q2P Engine and CHP Systems, we are reviewing other technology and products offerings that can provide additional value to our target customers, and expand our total addressable market. For instance, our CHP Systems can generate electricity and process heat from methane produced by Anaerobic Digesters at wastewater treatment plants (“WWTPs”). We currently have a pilot project in the field which is generating power at a WWTP in central Ohio. A large portion of a WWTP’s operating expenditures are spent removing the residual sludge from digesters, either by combusting or landfilling this material. Technologies that can convert sludge to other useful products, such as compost, engineered soils or nutrients, could provide additional value for our future customers and new revenue streams for the Company. We are pursuing synergistic alliances with companies that have both technology and business networks for the manufacturing and sale of such beneficial re-use products from waste like sludge.

We currently pursue direct sales of our Q2P Engine and CHP Systems to commercial and municipal customers. We received our first purchase order in January 2016 for a 10kW CHP System that is capable of running on waste liquid fuels. This CHP System is expected to be delivered in Q2 2016, and we are receiving milestone-based payments for work completed during the contract period. We believe that there are many other similar customers in the US that could benefit from one of our CHP Systems by reducing waste liquid fuels that typically present a cost for the facility to dispose (as well as an EPA liability in some cases), and converting that negative value feedstock into power and process heat.

As we grow, we intend to transition our business model to one that compensates the Company for the value we create for our customers over time. For instance, we may be able to market Power Purchase Agreements (PPAs) and leasing programs directly to municipal, commercial and industrial facility owners. In this manner, we would retain ownership of our equipment and sell electricity and heat to our customers at a cost below their standard utility rates over a long-term agreement (typically 10 years). These types of PPAs have been utilized for decades in the commercial and residential solar power industry. Furthermore, we may be able to receive fees from certain customers for the disposal of some types of waste fuels. This revenue stream is called a “tipping fee”, and in certain situations, waste disposal and environmental liability avoidance can be of more value to both the customer and the Company than the production of power and heat.

We believe that our CHP Systems may provide a strong base to allow us to expand our product and service offerings with our customers. For instance, a WWTP that uses our CHP System to generate power and maintain the operating temperatures within their Anaerobic Digester, could also retain our services to remove sludge and convert that typically landfilled waste into useful co-products like compost and engineered soils. In doing so we could provide a total waste solution for these customers that may reduce their operating costs, eliminate regulatory liabilities of flaring methane and landfilling bio-solids, and allow them to become a more sustainable “green” facility – which has important public / political benefits for municipal facilities.

For the Company, such an expanded business model offering could build value by potentially increasing annualized revenue from each customer (by now including tipping fees for bio-solids), and providing the feedstock for production and sales of revenue generating co-products. Such a strategy could also allow us to become more involved in the sustainability of small WWTPs and other commercial and industrial facilities; and create manufacturing economies of scale, infrastructure and sales networks that can be applied to the growing commercial and agricultural Anaerobic Digester markets over the following decade.

As of the current date, the Company has installed one pilot system at a WWTP in central Ohio, which has been generating up to 10kW of power for that facility. We do not receive revenue from this installation, and have been using it primarily to test equipment, components and business models for future sales. We are currently in discussions to install additional units at nearby facilities that are larger in size and will utilize heat recapture technology to place our waste heat back into the anaerobic digestion process. In this way, our systems can provide two useful outputs (electricity and heat) from the host site’s waste methane, thereby increasing value to and potential revenue from each facility.

To market our products and services, we intend on developing agreements with distributors, value added resellers (VARs), contracted engineering companies, and other similar parties that have access to a broad base of customers. For instance, we currently have a Collaboration Agreement with a company called Phoenix Power Group that develops steam generating equipment utilizing waste motor oil furnaces, and has access to a distribution network of tens of thousands of current users of these furnaces, such as garages, lube shops and car dealerships. Our agreement with Phoenix Power allows them to purchase our Q2P Engines, control systems and other components to integrate with their steam generation and waste oil furnace system, and sell through their network this combined technology product, which is capable of generating up to 10 kW of grid-ready electric power and 80kW of space /water heating for a facility. The agreement also allows us to purchase their equipment, combine it with our technology, and sell that product to our customers provided we do not compete directly with their current market of garages, lube shops and other similar locations in the U.S. and Canada.

   Company Address: 9442 Capital of Texas Hwy N Austin 78759 TX
   Company Phone Number: 343-4558   Stock Exchange / Ticker: APGR


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Qsam Biosciences Inc

Qsam Biosciences Inc Shows Improvement in Operating Shortfall for Fourth Quarter of 2023

The Chemical Manufacturing industry has been under close scrutiny by industry reporters as the fourth quarter of 2023 comes to an end. Initial observations reveal an operating shortfall of $-0.479632 million, based on the information provided by the Associated Press Growth Rate (APGR), which has not reported any revenue for the October to December 31, 2023 quarter. However, it is evident that the emerging growth entity has been able to compete more cost-effectively compared to the same period in the previous year, where the operating shortfall stood at $-1.212833 million.
One positive aspect to note is that there has been a reduction in losses compared to the previous year's time frame. The operating shortfall for the fourth quarter of 2023 was $-0.524 million, a significant improvement from the $-1.587 million recorded in the same period of 2022. This reduction in losses indicates progress and should be seen as a major takeaway from the most recent fiscal period.

Qsam Biosciences Inc

Qsam Biosciences Inc. Faces Operating Shortfall in Third Quarter of 2023 Amidst Growing Challenges

/>As the fiscal period of July to September 2023 continues, several companies, particularly in the Chemical Manufacturing industry, have released their financial results. Among them, Qsam Biosciences Inc. recently announced its earnings for the third quarter of 2023. This article aims to interpret the financial results and speculate on how these improvements in the company's operations may impact its future.
Improved Efficiency in Q3 2023:
Qsam Biosciences Inc. has made significant strides in increasing its operational efficiency during Q3 2023. The company reported an operating shortfall of $-1.159112 million, which compares favorably to the previous fiscal period's operating shortfall of $-1.214997 million. This decrease in the shortfall indicates that the company's management has successfully operated the business more competently.

Qsam Biosciences Inc

Qsam Biosciences Inc.'s Impressive Fiscal Growth Surprises Investors with Operating Shortfall of $-1.23777 Million

Qsam Biosciences Inc, a notable player in the Basic Materials sector, recently released its financial results for the reporting season spanning April to June 2023. Surprising shareholders, the company witnessed modifications in its revenue, while managing to significantly reduce its operating shortfall. This article aims to outline the key facts and implications of the financial results, highlighting Qsam Biosciences' potential for becoming a standout bellwether in the industry.
1. Revenue Modifications:
Shareholders were not expecting any changes in the revenue figures during the April-June 2023 reporting season. However, Qsam Biosciences Inc experienced some revenue modifications, which were not explicitly mentioned in the available information.



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