Greenway Technologies Files 2023 10-K

TL;DR

GWTI filed its 2023 10-K. Check financials.

AI Summary

Greenway Technologies Inc. filed its 2023 10-K on July 16, 2024, reporting on its fiscal year ending December 31, 2023. The company, formerly UMED Holdings, Inc., is incorporated in Texas and operates in the miscellaneous food preparations sector. Its principal business address is in Arlington, TX.

Why It Matters

This filing provides a comprehensive overview of Greenway Technologies Inc.'s financial performance and business operations for the fiscal year 2023, crucial for investors and stakeholders to assess the company's health and future prospects.

Risk Assessment

Risk Level: low — The provided text is a header and basic company information from a 10-K filing, lacking specific financial performance details or forward-looking statements that would indicate higher risk.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period for the 10-K)
• 2024-07-16 — Filing Date (Date the 10-K was submitted to the SEC)

Key Players & Entities

• GREENWAY TECHNOLOGIES INC (company) — Filer
• UMED HOLDINGS, INC. (company) — Former company name
• 20231231 (date) — Fiscal year end
• 20240716 (date) — Filing date
• 1521 NORTH COOPER STREET (address) — Business and mailing address
• ARLINGTON, TX (location) — City and State

FAQ

Key Financial Figures

• $0.0001 — ) of the Act: Common Stock, par value $0.0001 per share (Title of Class) Indicate
• $37,859,604 — 2023, we have an accumulated deficit of $37,859,604. For the year ended December 31, 2023,
• $1,580,735 — ber 31, 2023, we incurred a net loss of $1,580,735 and used $302,663 in net cash for opera
• $302,663 — urred a net loss of $1,580,735 and used $302,663 in net cash for operating activities. T

Filing Documents

• form10-k.htm (10-K) — 1226KB
• ex31-1.htm (EX-31.1) — 12KB
• ex31-2.htm (EX-31.2) — 12KB
• ex32-1.htm (EX-32.1) — 6KB
• ex32-2.htm (EX-32.2) — 7KB
• ex32-3.htm (EX-32.3) — 1KB
• form10-k_001.jpg (GRAPHIC) — 7KB
• form10-k_003.jpg (GRAPHIC) — 9KB
• form10-k_002.jpg (GRAPHIC) — 3KB
• ex32-3_001.jpg (GRAPHIC) — 238KB
• 0001493152-24-027946.txt ( ) — 4966KB
• gwti-20231231.xsd (EX-101.SCH) — 39KB
• gwti-20231231_cal.xml (EX-101.CAL) — 38KB
• gwti-20231231_def.xml (EX-101.DEF) — 126KB
• gwti-20231231_lab.xml (EX-101.LAB) — 280KB
• gwti-20231231_pre.xml (EX-101.PRE) — 213KB
• form10-k_htm.xml (XML) — 575KB

Business

Business 1 Item 1A.

Risk Factors

Risk Factors 5 Item 1B. Unresolved Staff Comments 12 Item 2.

Properties

Properties 13 Item 3.

Legal Proceedings

Legal Proceedings 13 Item 4. Mine Safety Disclosures 13 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 14 Item 6.

Selected Financial Data

Selected Financial Data 15 Item 7.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 15 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 27 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 27 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 27 Item 9A.

Controls and Procedures

Controls and Procedures 27 Item 9B. Other Information 28 PART III Item 10. Directors, Executive Officers and Corporate Governance 29 Item 11.

Executive Compensation

Executive Compensation 33 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 34 Item 13. Certain Relationships and Related Transactions and Director Independence 35 Item 14. Principal Accounting Fees and Services 36 PART IV Item 15. Exhibits and Financial Statement Schedules. 37 CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS This Annual Report on Form 10-K (this " Form 10-K ") contains "forward-looking statements," all of which are "will," "forecasts," "projects," "intends," "estimates," and other words of similar meaning. One can identify them by the fact that they do not relate strictly to historical or current facts. These statements are likely to address our growth strategy and financial results. One must carefully consider any such statement and should understand that many factors could cause actual results to differ from our forward-looking statements. These factors may include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed, and actual future results may vary materially. Information regarding market and industry statistics contained in this Form 10-K is included based on information available to us that we believe is accurate. It is generally based on industry and other publications that are not produced for purposes of Securities and Exchange Commission (the " SEC ") filings or economic analysis. We have not reviewed or included data from all sources and cannot assure investors of the accuracy or completeness of the data included in this Form 10-K. Forecasts and other forward-looking information obtained from these sources are subject to the same qualifications and the additional uncertainties accompanying any estimates of future market size, revenue and market

View Full Filing

View this 10-K filing on SEC EDGAR