QS Energy, Inc.
For the period ended Dec 31, 2024. Filed Mar 28, 2025.
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FY2024 · Filed Mar 28, 2025
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Consolidated Balance Sheets
| December 31 | December 31 | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash | $150,000 | $70,000 |
| Prepaid expenses | 11,000 | 12,000 |
| Total current assets | 161,000 | 82,000 |
| Property and equipment, net | 3,000 | 2,000 |
| Total assets | $164,000 | $84,000 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities: | ||
| Accounts payable-license agreements-past due | $2,433,000 | $2,198,000 |
| Accounts payable and accrued expenses | 881,000 | 972,000 |
| Convertible notes payable, net of discounts of $133,000 and $25,000, respectively: including $2,339,000 and $2,022,000, respectively, in default | 2,524,000 | 2,101,000 |
| PPP Loan payable | 24,000 | 57,000 |
| Total current liabilities | 5,862,000 | 5,328,000 |
| Total liabilities | 5,862,000 | 5,328,000 |
| Commitments and contingencies | – | – |
| Stockholders’ deficit | ||
| Common stock, $.001 par value: 500,000,000 shares authorized, 428,424,880 and 392,586,471 shares issued and outstanding at December 31, 2024 and 2023, respectively | 428,425 | 392,587 |
| Additional paid-in capital | 121,173,575 | 119,729,413 |
| Accumulated deficit | (127,300,000) | (125,366,000) |
| Total stockholders’ deficit | (5,698,000) | (5,244,000) |
| Total liabilities and stockholders’ deficit | $164,000 | $84,000 |
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