Quest Water Global Files Q1 2024 10-Q

TL;DR

Quest Water Global filed its Q1 2024 10-Q. Financials are in.

AI Summary

Quest Water Global, Inc. filed its 10-Q for the period ending March 31, 2024. The filing details financial information for the first quarter of 2024, including balance sheet items and statements of operations. The company previously operated under the name RPM Dental, Inc. before changing its name on March 12, 2010.

Why It Matters

This filing provides investors with the latest financial performance and position of Quest Water Global, Inc. for the first quarter of 2024.

Risk Assessment

Risk Level: low — This is a standard quarterly filing with no immediate red flags or significant new information presented.

Key Players & Entities

• Quest Water Global, Inc. (company) — Filer of the 10-Q
• RPM Dental, Inc. (company) — Former name of Quest Water Global, Inc.
• 20240331 (date) — End of the reporting period
• 20240521 (date) — Filing date

FAQ

Key Financial Figures

• $332,310 — onths ended March 31, 2024, we incurred $332,310 in total expenses, including $187,355 i
• $187,355 — d $332,310 in total expenses, including $187,355 in stock based compensation, $123,750 i
• $123,750 — g $187,355 in stock based compensation, $123,750 in management fees, $13,932 in professi
• $13,932 — pensation, $123,750 in management fees, $13,932 in professional fees, $4,555 in transfe
• $4,555 — ent fees, $13,932 in professional fees, $4,555 in transfer agent and filing fees, $890
• $890 — ,555 in transfer agent and filing fees, $890 in telephone expenses $886 in automotiv
• $886 — filing fees, $890 in telephone expenses $886 in automotive expenses, $817 in office
• $817 — e expenses $886 in automotive expenses, $817 in office and miscellaneous expenses, a
• $125 — office and miscellaneous expenses, and $125 in depreciation. During the same period
• $142,411 — e period in the prior year, we incurred $142,411 in total expenses, including $123,750 i
• $5,485 — including $123,750 in management fees, $5,485 in rent, $4,758 in transfer agent and f
• $4,758 — 750 in management fees, $5,485 in rent, $4,758 in transfer agent and filing fees, $2,9
• $2,969 — ,758 in transfer agent and filing fees, $2,969 in professional fees, $2,459 in automot
• $2,459 — ling fees, $2,969 in professional fees, $2,459 in automotive expenses, $1,943 in offic
• $1,943 — al fees, $2,459 in automotive expenses, $1,943 in office and miscellaneous expenses, $

Filing Documents

• form10-q.htm (10-Q) — 347KB
• 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
• 0001493152-24-020799.txt ( ) — 1997KB
• qwtr-20240331.xsd (EX-101.SCH) — 18KB
• qwtr-20240331_cal.xml (EX-101.CAL) — 27KB
• qwtr-20240331_def.xml (EX-101.DEF) — 50KB
• qwtr-20240331_lab.xml (EX-101.LAB) — 153KB
• qwtr-20240331_pre.xml (EX-101.PRE) — 119KB
• form10-q_htm.xml (XML) — 169KB

Financial Statements

Financial Statements F-1 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 4 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 8 Item 4.

Controls and Procedures

Controls and Procedures 8

– OTHER INFORMATION

PART II – OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 9 Item 1A.

Risk Factors

Risk Factors 9 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 9 Item 3. Defaults Upon Senior Securities 9 Item 4. Mine Safety Disclosures 9 Item 5. Other Information 9 Item 6. Exhibits 9 2 Item 1. Financial Statements QUEST WATER GLOBAL, INC. CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED MARCH 31, 2024 AND 2023 (EXPRESSED IN US DOLLARS) Index Condensed Consolidated Interim Balance Sheets F-2 Condensed Consolidated Interim Statements of Operations and Comprehensive Loss F-3 Condensed Consolidated Interim Statements of Stockholders' Deficit F-4 Condensed Consolidated Interim Statements of Cash Flows F-5 Notes to the Condensed Consolidated Interim Financial Statements F-6 to F-9 F-1 QUEST WATER GLOBAL, INC. Condensed Consolidated Interim Balance Sheets (Expressed in US Dollars) (Unaudited – Prepared by Management) March 31, December 31, 2024 2023 (Audited) ASSETS Current assets Cash $ - $ 3 Prepaid expenses 8,337 1,529 Total Current Assets 8,337 1,532 Equipment, net (Note 4) 541 667 Total assets $ 8,878 $ 2,199 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities Accounts payable and accrued liabilities $ 81,938 $ 62,387 Due to related company (Note 3) 41,273 41,273 Due to related parties (Note 5) 1,865,526 1,733,443 Total liabilities 1,988,737 1,837,103 Commitments and Contingencies $ - $ - Stockholders' deficit Preferred stock, 5,000,000 shares authorized, $ 0.000001 par value 2 shares issued and outstanding 1 1 Common stock, 500,000,000 shares authorized, $ 0.000001 par value 131,903,029 issued and outstanding (December 31, 2023 – 131,903,029 ) 132 132 Additional paid-in capital 10,187,703 10,000,348 Deficit ( 12,167,695 ) ( 11,835,385 ) Total stockholders' deficit ( 1,979,859 ) ( 1,834,904 ) Total liabilities and stockholders' deficit $ 8,878 $ 2,199 (The accompany

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View this 10-Q filing on SEC EDGAR