QS Energy, Inc.
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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FY2025 · Filed Mar 31, 2026
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Consolidated Statements of Stockholders’ Deficit
FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024
| Additional · Total | |||||
|---|---|---|---|---|---|
| Common Stock · Paid-in · Accumulated · Stockholders’ | |||||
| Shares | Amount | Capital | Deficit | Deficit | |
| 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 for settlement of vendor payable | 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) |
| Balance, January 1, 2025 | 428,424,880 | $428,425 | $121,173,575 | $(127,300,000) | $(5,698,000) |
| Common stock issued on conversion of notes payable | 65,523,469 | 65,524 | 2,312,476 | 2,378,000 | |
| Warrants issued with convertible notes | – | – | 1,430,000 | – | 1,430,000 |
| Common stock issued on exercise of options and warrants | 36,802,254 | 36,802 | 1,566,198 | – | 1,603,000 |
| Common stock issued for settlement of vendor payable | 2,049,993 | 2,050 | 101,950 | – | 104,000 |
| Fair value of vested options and warrants | – | – | 7,407,000 | – | 7,407,000 |
| Stock-based compensation expense – warrant modification | – | – | 511,000 | – | 511,000 |
| Fair value of common stock issued for services | 9,050,000 | 9,050 | 1,441,950 | – | 1,451,000 |
| Fair value of common stock issued as compensation | 1,500,000 | 1,500 | 238,500 | – | 240,000 |
| Net loss | – | – | – | (15,305,000) | (15,305,000) |
| Balance, December 31, 2025 | 543,350,596 | $543,351 | $136,182,649 | $(142,605,000) | $(5,879,000) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.