QS Energy Inc
For the period ended Dec 31, 2023. Filed Apr 9, 2024.
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FY2023 · Filed Apr 9, 2024
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Consolidated Balance Sheets
| December 31 | December 31 | |
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Current assets: | ||
| Cash | $70,000 | $133,000 |
| Prepaid expenses and other current assets | 12,000 | 19,000 |
| Total current assets | 82,000 | 152,000 |
| Property and equipment, net | 2,000 | 6,000 |
| Total assets | $84,000 | $158,000 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities: | ||
| Accounts payable-license agreements-past due | $2,198,000 | $1,962,000 |
| Accounts payable and accrued expenses | 972,000 | 946,000 |
| Convertible notes payable, net of discounts of $25,000 and $140,000, respectively: including $2,022,000 and $1,730,000, respectively, in default | 2,101,000 | 1,865,000 |
| PPP Loan payable | 57,000 | 75,000 |
| Total current liabilities | 5,328,000 | 4,848,000 |
| Total liabilities | 5,328,000 | 4,848,000 |
| Commitments and contingencies | – | – |
| Stockholders’ deficit | ||
| Common stock, $0.001 par value: 500,000,000 shares authorized, 392,586,471 and 376,074,096 shares issued and outstanding at December 31, 2023 and 2022, respectively | 392,587 | 376,075 |
| Additional paid-in capital | 119,729,413 | 119,075,925 |
| Accumulated deficit | (125,366,000) | (124,142,000) |
| Total stockholders’ deficit | (5,244,000) | (4,690,000) |
| Total liabilities and stockholders’ deficit | $84,000 | $158,000 |
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