QS Energy, Inc.

For the period ended Mar 31, 2025. Filed May 14, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 14, 2025

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Contents

Condensed Consolidated Balance Sheets, Unaudited

Condensed Consolidated Balance Sheets

	March 31,	December 31,
	2025	2024
(Unaudited)
ASSETS
Current assets:
Cash	$526,000	$150,000
Prepaid expenses	40,000	11,000
Total current assets	566,000	161,000
Property and equipment, net	3,000	3,000
Total assets	$569,000	$164,000
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accounts payable-license agreements-past due	$2,492,000	$2,433,000
Accounts payable and accrued expenses	903,000	881,000
Convertible notes payable, net of discounts of $320,000 and $133,000 respectively; includes $1,207,000 and $2,339,000, respectively, in default	1,507,000	2,524,000
PPP loan payable	14,000	24,000
Total current liabilities	4,916,000	5,862,000
Total liabilities	4,916,000	5,862,000
Commitments and contingencies		–
Stockholders’ deficit
Common stock, $.001 par value: 750,000,000 shares authorized, 483,744,622 and 428,424,880 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively	483,744	428,425
Additional paid-in capital	132,143,256	121,173,575
Accumulated deficit	(136,974,000)	(127,300,000)
Total stockholders’ deficit	(4,347,000)	(5,698,000)
Total liabilities and stockholders’ deficit	$569,000	$164,000

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.