QMLS · QumulusAI, Inc. · Debt
The latest filing states the doubt was alleviated.
“The Company’s plans to alleviate the substantial doubt include receiving access to $19,925,104 in previously restricted cash as a result of the Company’s public listing and completing an additional $15,300,000 draw under the USD.AI protocol. The Company also entered into multiple significant revenue contracts in July 2026 for approximately $103,900,000 in future revenue in which the Company received approximately $20,900,000 in cash deposits. Accordingly, management concluded these plans will alleviate the substantial doubt about the Company’s ability to continue as a going concern for the one-year period extending from the date of issuance of these financial statements.”View the 10-Q filed Aug 25, 2026
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Current portion of line of credit borrowings | 2026-06-30 | USD 6,892,685 | 10-Q/A filed 2026-08-28 |
| Finance lease liabilities | 2026-06-30 | USD 45,776,169 | 10-Q/A filed 2026-08-28 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
| |||
| Noncurrent convertible debt | 2026-06-30 | USD 55,481,000 | 10-Q/A filed 2026-08-28 |
| Noncurrent line of credit borrowings | 2026-06-30 | USD 12,020,692 | 10-Q/A filed 2026-08-28 |
| Noncurrent notes payable | 2026-06-30 | USD 5,917,155 | 10-Q/A filed 2026-08-28 |
| Operating lease liabilities | 2026-06-30 | USD 1,565,800 | 10-Q/A filed 2026-08-28 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
| |||
Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.