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Unaudited Consolidated Statement of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Licensed Sales $ 6,050 $ 2,846 $ 20,003 $ 8,509
Patent licensing fees 575,000 7,049,000 1,196,250
Management fees 24,302
Total revenue 6,050 577,846 7,069,003 1,229,061
Cost of revenue:        
Cost of sales 1,095 377 3,689 1,449
Litigation and licensing expenses 32,460 282,621 6,041,560 807,614
Management support services 396 6,609 25,068
Selling, general and administrative expenses 210,177 197,407 751,863 610,278
Total operating expenses 243,732 480,801 6,803,721 1,444,409
Income /(loss) from operations (237,682) 97,045 265,282 (215,348)
Other Income and (expenses)        
Gain (loss) on derivative (40,000) (40,000) (25,000) 40,000
Interest expense (165,382) (194,833) (472,165) (426,860)
Total Other Income and (expenses) (205,381) (234,833) (497,164) (386,860)
Net (loss) before income tax (443,063) (137,788) (231,882) (602,208)
Income tax (170) (1,040,125) (105,410)
Net loss (443,063) (137,958) (1,272,008) (707,618)
Net income (loss) attributable to non-controlling interest in subsidiaries 485 21 1,511 (1,190)
Net loss attributable to Quest Patent Research Corporation $ (442,579) $ (137,937) $ (1,270,497) $ (708,808)
Loss per share - basic and diluted $ (0.00) $ (0.00) $ (0.00) $ (0.00)
Weighted average shares outstanding - basic and diluted 383,038,334 313,038,334 383,038,334 313,038,334