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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Item 2. Properties
The Company’s executive offices are located in Tomball, Texas (“Tomball Facility”) and leased on a month to month basis at $1,000 per month. Total rent expense under this lease for the years ended December 31, 2024 and 2023 was $12,000 and $12,000, respectively. The Company also rents a storage facility in Laurel, Mississippi on a month-to-month basis for $250 per month. The Company reimburses Cecil Bond Kyte, Company CEO and CFO, in rent expenses for a home office and partial storage space in Carson City, Nevada at a rate of $1,000 per month under a month-to-month rental agreement (“Carson Rental Agreement”). Total rent expense under the Carson Rental Agreement during the years ended December 31, 2024, and 2023 were $12,000 and $12,000, respectively which are included as part of Operating Expenses in the attached consolidated statement of operations.
We believe our facilities are adequate to meet our current and near-term needs.
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