IQST
iQSTEL IncSubstantial doubt about the company's ability to continue as a going concern.
“These conditions, including our recurring losses from operations, negative working capital, and negative operating cash flows, raise substantial doubt about the Company’s ability to continue as a going concern.”View the 10-Q filed May 20, 2026
20 customers — 85% of revenue (the three months ended March 31, 2026)
“During the three months ended March 31, 2026, we had 20 customers representing 85% of our revenue compared to 19 customers representing 86% of our revenue for the three months ended March 31, 2025.”
23 customers — 80% of receivables (March 31, 2026)
“As of March 31, 2026, approximately 80% of total accounts receivable was concentrated among the Company’s top 23 customers, compared with the same percentage concentrated among 17 customers as of December 31, 2025.”
12 customers — 58% of receivables (March 31, 2026)
“In each such period, 12 of these customers were repeat customers and accounted for 58% and 75% of total accounts receivable as of March 31, 2026 and December 31, 2025, respectively.”
One customer — 20.3% of receivables (March 31, 2026)
“The largest customer represented 20.33% of total accounts receivable as of March 31, 2026, compared with 15.06% as of December 31, 2025.”
Fails to deliver — shares from a trade that were not delivered to the buyer by the settlement date — published by the SEC twice a month. Persistent fails can reflect settlement problems or naked short selling.
Fails to Deliver History
| Settlement Date | Quantity | Price | Value |
|---|---|---|---|
| 2026-06-10 | 7,399 | $1.11 | $8,213 |
| 2026-06-09 | 13,045 | $1.01 | $13,175 |
| 2026-06-08 | 178,213 | $0.97 | $172,867 |
| 2026-06-05 | 372,246 | $1.02 | $379,691 |
| 2026-06-04 | 5,818 | $1.15 | $6,691 |
| 2026-06-01 | 88,842 | $1.18 | $104,834 |
| 2026-05-29 | 11,032 | $1.16 | $12,797 |
| 2026-05-28 | 58,143 | $1.17 | $68,027 |
| 2026-05-27 | 384,644 | $1.14 | $438,494 |
| 2026-05-19 | 2,953 | $1.33 | $3,927 |
| 2026-05-18 | 6,293 | $1.28 | $8,055 |
| 2026-05-15 | 3,928 | $1.30 | $5,106 |
| 2026-05-13 | 300 | $1.27 | $381 |
| 2026-05-06 | 2,888 | $1.44 | $4,159 |
| 2026-04-29 | 21,505 | $1.43 | $30,752 |
| 2026-04-27 | 405,510 | $1.61 | $652,871 |
| 2026-04-24 | 3,250 | $1.88 | $6,110 |
| 2026-04-20 | 137 | $1.61 | $221 |
| 2026-04-15 | 2,455 | $1.60 | $3,928 |
| 2026-04-13 | 30,897 | $1.81 | $55,924 |
| 2026-04-10 | 15,902 | $2.24 | $35,620 |