XML 13 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Unaudited Consolidated Statement of Operations - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues    
Licensed sales $ 9,882 $ 10,732
Patent licensing fees 20,000
Management fees $ 149,279 84,939
Total revenue 159,161 115,671
Cost of revenue:    
Cost of sales $ 3,265 3,031
Royalties 4,303
Management support services $ 154,064 17,821
Selling, general and administrative expenses 287,446 188,422
Total operating expenses 444,775 213,577
Loss from operations $ (285,614) (97,906)
Other Income and (expenses)    
Other income 32,182
Income tax $ (2,141) (3,176)
Interest expense (83,159) (4,075)
Total Other Income and (expenses) (85,300) 24,931
Net loss (370,914) (72,975)
Net income (loss) attributable to non-controlling interest in subsidiaries 65 (126)
Net loss attributable to Quest Patent Research Corporation $ (370,849) $ (73,101)
Loss per share - basic and diluted $ 0.00 $ 0.00
Weighted average shares outstanding - basic and diluted 313,038,334 258,038,334