Quest Water Global, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Quest Water Global, Inc. has filed its 2023 10-K annual report detailing financial performance and corporate history.</b>

AI Summary

Quest Water Global, Inc. (QWTR) filed a Annual Report (10-K) with the SEC on April 16, 2024. Quest Water Global, Inc. filed its annual report on Form 10-K for the fiscal year ended December 31, 2023. The filing covers the period from January 1, 2023, to December 31, 2023. The company's former name was RPM Dental, Inc., with a name change on March 12, 2010. The filing includes financial data for the fiscal years 2023, 2022, and 2021. Key financial statement components such as Preferred Stock, Common Stock, Additional Paid-In Capital, and Retained Earnings are detailed for these periods.

Why It Matters

For investors and stakeholders tracking Quest Water Global, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Quest Water Global's financial position and operational results for the fiscal year 2023, offering insights into its performance compared to prior years. The document includes historical financial data and details on corporate structure changes, such as the former name RPM Dental, Inc., which is crucial for understanding the company's evolution and potential future strategies.

Risk Assessment

Risk Level: low — Quest Water Global, Inc. shows low risk based on this filing. The filing is a standard annual report (10-K) and does not contain immediate, significant new financial or operational information that would alter the company's risk profile based solely on the header data.

Analyst Insight

Review the detailed financial statements and management discussion within the 10-K to assess Quest Water Global's financial health and strategic direction for 2023.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-04-16 — Filing Date (Date of submission)
• 2023 — Fiscal Year (Primary reporting year)
• 2022 — Prior Fiscal Year (Comparative year)
• 2021 — Prior Fiscal Year (Comparative year)

Key Players & Entities

• Quest Water Global, Inc. (company) — Filer name
• RPM Dental, Inc. (company) — Former company name
• 2023-12-31 (date) — Fiscal year end
• 2024-04-16 (date) — Filing date
• 000-56480 (other) — SEC file number

FAQ

Industry Context

Quest Water Global, Inc. operates within the industrial equipment sector, as indicated by its SIC code 3585 (AIR COND & WARM AIR HEATING EQUIP & COMM & INDL REFRIG EQUIP).

Regulatory Implications

The filing is a standard Form 10-K, adhering to the reporting requirements of the Securities Exchange Act of 1934.

What Investors Should Do

1. Analyze the detailed financial statements within the 10-K for revenue, net income, and balance sheet items.
2. Examine the Management's Discussion and Analysis (MD&A) section for insights into the company's performance drivers and outlook.
3. Review any disclosed risk factors or legal proceedings to understand potential challenges facing the company.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K filing.
• 2024-04-16: Filing Date — Date Quest Water Global, Inc. submitted its 10-K report.

Year-Over-Year Comparison

This is the initial extraction of the 2023 10-K filing; direct comparison to a prior filing's specific data points is not possible from this header information alone.

Key Financial Figures

• $0.000001 — ction 12(g) of the Act: Common stock, $0.000001 par value (Title of class) Indicate
• $0.021 — f common stock and a price per share of $0.021 as of June 30, 2023 Indicate the numb

Filing Documents

• form10-k.htm (10-K) — 840KB
• ex31-1.htm (EX-31.1) — 17KB
• ex31-2.htm (EX-31.2) — 17KB
• ex32-1.htm (EX-32.1) — 6KB
• ex32-2.htm (EX-32.2) — 6KB
• aud_001.jpg (GRAPHIC) — 3KB
• aud_002.jpg (GRAPHIC) — 2KB
• 0001493152-24-014872.txt (&nbsp;) — 3851KB
• qwtr-20231231.xsd (EX-101.SCH) — 27KB
• qwtr-20231231_cal.xml (EX-101.CAL) — 36KB
• qwtr-20231231_def.xml (EX-101.DEF) — 115KB
• qwtr-20231231_lab.xml (EX-101.LAB) — 202KB
• qwtr-20231231_pre.xml (EX-101.PRE) — 196KB
• form10-k_htm.xml (XML) — 503KB

forward-looking statements include, but are not limited to, the following

forward-looking statements include, but are not limited to, the following: contained in Item 7 and the notes to our audited consolidated financial statements concerning our results of operations, financial condition and our ability to finance our business; contained in Item 1 concerning our products, operations and compliance with applicable laws; and throughout this annual report concerning our legal structure, the regulation of our business and the market for our common stock. Factors that could cause actual results to differ materially include, but are not limited to the following: risks related to government regulations and approvals of our products; our need for additional capital to pursue our plan of operations; our dependence on key personnel; and our ability to compete effectively with competitors that have greater financial, marketing and other resources. The forward-looking statements made in this annual report relate only to events or information as of the date on which the statements are made. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. You should read this annual report and the documents that we reference in this annual report and have filed as exhibits with the understanding that our actual future results may be materially different from what we expect. You should not rely upon forward-looking statements as predictions of future events. Other sections of this annual report include additional factors which could adversely impact our business and financial performance. Moreover, we operate in an evolving environment. New risk factors and uncertainties emerge from time to time and it is not possible for our management to predict all risk factors and uncertainties. We cannot assess the impact

Cybersecurity

Item 1C. Cybersecurity 10 Item 2. Properties 10 Item 3. Legal Proceedings 10 Item 4. Mine Safety Disclosures 10 PART II 11 Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 11 Item 6. [Reserved] 13 Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 13 Item 7A. Quantitative and Qualitative Disclosures about Market Risk 16 Item 8. Financial Statements and Supplementary Data 17 Item 9. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure 18 Item 9A. Controls and Procedures 18 Item 9B. Other Information 18 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections PART III 19 Item 10. Directors, Executive Officers and Corporate Governance 19 Item 11. Executive Compensation 22 Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 24 Item 13. Certain Relationships and Related Transactions, and Director Independence 25 Item 14. Principal Accounting Fees and Services 28 PART IV 29 Item 15. Exhibits and Financial Statement Schedules 29 Item 16. Form 10-K Summary 29

SIGNATURES

SIGNATURES 30 3 PART I Item 1. Business

Business

Business Overview We are an innovative water technology company that provides sustainable and environmentally sound solutions to water-scarce regions. We use proven technologies to create economically viable products that address the critical shortage of clean drinking water in both domestic and foreign emerging markets. Our goal is to address the vital issue of water quality and water supply by providing an alternative, sustainable source of pure water at the smallest possible environmental cost to global areas in need, while becoming a leading company in providing decentralized, turn-key solutions using alternative energy for the purification, desalination and distribution of clean drinking water. To date, we have focused our activities on the formation of safe water partnerships and the sale and installation of our products, with emphasis on our AQUAtap TM Community Water Purification & Distribution systems throughout North America, Latin America, the Caribbean and Africa, with specific attention to the Democratic Republic of the Congo (the "DRC"), Angola and South Africa. Our Corporate History and Background We were incorporated under the laws of Delaware on February 25, 2010. From our inception until the closing of the Share Exchange, we sought to provide dental and other medical professionals with turn-key marketing solutions to generate referrals from existing clients and new business from the general public through our wholly owned subsidiary RPM Dental Systems, LLC ("RPM Kentucky"). RPM Kentucky was formed on September 15, 2009, under the laws of the Commonwealth of Kentucky, and we acquired RPM Kentucky on March 23, 2010. Prior to the Share Exchange, we had minimal revenue and our operations were limited to capital formation, organization and development of our business plan. As a result of the Share Exchange, we ceased our prior operations and, through Quest NV, we now operate as an innovative water technology company that provides sustainable

View Full Filing

View this 10-K filing on SEC EDGAR