Qualis Innovations, INC
Market Movers (8-K)
Family Office of America, Inc. completed the acquisition of accounting service assets from Toone & Associates, LLP for $1.5 million.
Qualis Innovations, Inc. has appointed Victor Mokuolu, CPA PLLC as its new independent auditor, replacing Kreit & Chiu CPA LLP, effective April 4, 2023.
Worse than expected
Quarterly Earnings (10-Q)
Family Office of America reported a net profit of $263,789 for Q1 2026, driven by recent acquisitions of accounting service firms.
Better than expected
Capital raise
Family Office of America, Inc. reported increased cash and equity, driven by a $915,000 capital raise, and announced a $1.5 million acquisition of accounting service assets, despite continued net losses and a going concern warning.
Worse than expected
Capital raise
Family Office of America, Inc. reported a significant increase in cash from financing activities but continued to incur substantial net losses with no revenue, raising going concern doubts.
Worse than expected
Capital raise
Family Office of America reports a net loss for Q1 2025 with no revenue, while focusing on acquiring CPA firms and expanding family office services.
Worse than expected
Capital raise
Qualis Innovations reports no revenue for Q3 2024 and is shifting its focus to business management and financial consulting services.
Worse than expected
Delay expected
Capital raise
Qualis Innovations reports no revenue for Q2 2024, focusing on development and future fundraising to support operations.
Worse than expected
Capital raise
Annual Reports (10-K)
Family Office of America, Inc. reports 2025 financial results, highlighting its strategic pivot toward acquiring CPA firm assets to provide integrated family office services.
Capital raise
Family Office of America, formerly Qualis Innovations, reports its FY24 results, highlighting a name change, ongoing development of its SOLACE device, and efforts to secure additional capital amid going concern uncertainties.
Worse than expected
Delay expected
Capital raise
Qualis Innovations, Inc. has filed an amended annual report on Form 10-K/A, highlighting material weaknesses in internal controls, an impairment of assets, and substantial doubt about the company's ability to continue as a going concern.
Worse than expected
Delay expected
Capital raise
Qualis Innovations Inc. reports its full year 2023 results, highlighting a net loss and ongoing development of its SOLACE pain management device.
Worse than expected
Capital raise