QUANTUM COMPUTING INC. Management’s Discussion and Analysis of Financial Condition and Results of Operations, (form 10-Q) – marketscreener.com

Management's discussion and analysis of results of operations and financialcondition ("MD&A") is a supplement to the accompanying condensed financialstatements and provides additional information on Quantum Computing Inc.'s("Quantum" or the "Company') business, current developments, financialcondition, cash flows and results of operations.

When we say "we," "us," "our," "Company," or "Quantum," we mean QuantumComputing Inc.

This section should be read in conjunction with other sections of this QuarterlyReport, specifically, Selected Financial Statements and Supplementary Data.

Products and Products in Development

Qatalyst is integrated with the Amazon Cloud BRAKET API, offering access tomultiple Quantum Processing Units ("QPUs") including DWave, Rigetti, and IonQ.Qatalyst also integrates directly with IBM's QPUs.

In addition to commercial markets, the Company is pursuing a number of USgovernment funded opportunities.

Three Months Ended September 30, 2021 vs. September 30, 2020

Nine Months Ended September 30, 2021 vs. September 30, 2020

Liquidity and Capital Resources

The following table summarizes total current assets, liabilities and workingcapital at September 30, 2021, compared to December 31, 2020:

On a long-term basis, our liquidity is dependent on continuation and expansionof operations and receipt of revenues.

Critical Accounting Policies and Estimates

We have identified the accounting policies below as critical to our businessoperations and the understanding of our results of operations.

The Company's policy is to present bank balances under cash and cashequivalents, which at times, may exceed federally insured limits. The Companyhas not experienced any losses in such accounts.

Lease expense for operating leases consists of the lease payments plus anyinitial direct costs, primarily brokerage commissions, and is recognized on astraight-line basis over the lease term.

Net loss per share is based on the weighted average number of common shares andcommon shares equivalents outstanding during the period.

Off Balance Sheet Arrangements

Edgar Online, source Glimpses

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