Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES.
Our common stock is quoted on the OTCQB tier of the OTC Markets under the symbol "QMCI." As of March 19, 2025, there were approximately 134 holders of record of our common stock. As of March 19, 2024, the closing price for our common stock was $0.17.
As of March 19, 2025, there were 123,685 shares outstanding of Series A Redeemable Convertible Preferred Stock, par value $0.001 per share. The Series A Redeemable Convertible Preferred Stock has a redeemable value of $25 and is convertible into 83.33 shares of our common stock if the common stock trades above $0.30 for 90 consecutive trading days.
Dividend Policy
We have never paid any cash dividends to holders of our common stock, and for the foreseeable future we intend to retain any earnings to finance our operations and do not anticipate paying cash dividends with respect to our common stock. Subject to the preferences that may be applicable to any then-outstanding preferred stock, the holders of our common stock will be entitled to receive such dividends, if any, as may be declared by our Board of Directors, from time to time, out of legally available funds. Payments of any cash dividends in the future will depend on our financial condition, results of operations, and capital requirements as well as other factors deemed relevant by our Board of Directors.
Issuer Purchases of Equity Securities
During 2024, no shares of our common stock were repurchased, and no Series A Redeemable Convertible Preferred Stock were redeemed.
ITEM 6. [RESERVED]
Not applicable.
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