QS Energy, Inc.

For the period ended Dec 31, 2024. Filed Mar 28, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 28, 2025

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Contents

Consolidated Statements of Stockholders’ Deficit

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

Additional · Total
Common Stock · Paid-in · Accumulated · Stockholders’
	Shares	Amount	Capital	Deficit	Deficit
Balance, January 1, 2023	376,074,096	$376,075	$119,075,925	$(124,142,000)	$(4,690,000)
Common stock issued on conversion of notes payable	15,129,048	15,129	334,871	–	350,000
Warrants issued with convertible notes	–	–	231,000	–	231,000
Common stock issued on exercise of warrants	1,383,327	1,383	50,617	–	52,000
Fair value of warrants issued as compensation	–	–	37,000	–	37,000
Net loss	–	–	–	(1,224,000)	(1,224,000)
Balance, December 31, 2023	392,586,471	$392,587	$119,729,413	$(125,366,000)	$(5,244,000)
Common stock issued on conversion of notes payable	32,341,748	32,342	303,658	–	336,000
Warrants issued with convertible notes	–	–	782,000	–	782,000
Common stock issued on exercise of warrants	1,063,332	1,063	50,937	–	52,000
Common stock issued on cashless exercise of warrants	433,329	433	17,567	–	18,000
Fair value of warrants issued as compensation	–	–	152,000	–	152,000
Fair value of common stock issued for services	2,000,000	2,000	138,000	–	140,000
Net loss	–	–	–	(1,934,000)	(1,934,000)
Balance, December 31, 2024	428,424,880	$428,425	$121,173,575	$(127,300,000)	$(5,698,000)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.