Deep Green Waste & Recycling Files 2024 10-K Amendment

TL;DR

DGWR filed its 2024 10-K amendment with updated financials on notes, preferred stock, and retained earnings.

AI Summary

Deep Green Waste & Recycling, Inc. filed an amendment (10-K/A) to its annual report for the fiscal year ending December 31, 2024. The filing, submitted on August 19, 2025, provides updated information regarding the company's financial position and operations. Key financial elements include details on secured and convertible notes payable, Series B convertible preferred stock, and common stock, as well as additional paid-in capital and retained earnings as of December 31, 2023 and 2024.

Why It Matters

This amended filing provides updated financial disclosures for Deep Green Waste & Recycling, Inc., offering investors and stakeholders a clearer picture of the company's financial health and capital structure as of year-end 2024.

Risk Assessment

Risk Level: low — This filing is an amendment to a routine annual report, primarily containing updated financial data and disclosures, rather than indicating new or significant operational risks.

Key Numbers

• 2024-12-31 — Fiscal Year End (Reporting period for updated financial data)
• 2023-12-31 — Prior Year End (Comparative financial data point)
• 20250819 — Filing Date (Date the amendment was submitted to the SEC)

Key Players & Entities

• Deep Green Waste & Recycling, Inc. (company) — Filer of the 10-K/A
• Evader, Inc. (company) — Former company name
• 2024-12-31 (date) — Fiscal year end
• 20250819 (date) — Filing date
• 471267959 (dollar_amount) — EIN

FAQ

Key Financial Figures

• $0.0001 — Section 12(g) of the Act: Common Stock, $0.0001 par value Indicate by check mark if t
• $902,700 — purchased 100% of the common stock for $902,700. $586,890 was paid in cash at closing a
• $586,890 — 100% of the common stock for $902,700. $586,890 was paid in cash at closing and a promi
• $315,810 — sory note was executed in the amount of $315,810. Effective October 1, 2017, Deep Green
• $597,300 — purchased 100% of the common stock for $597,300. $418,110 was paid in cash at closing a
• $418,110 — 100% of the common stock for $597,300. $418,110 was paid in cash at closing and a promi
• $179,190 — sory note was executed in the amount of $179,190. On August 7, 2018, the Company entere
• $160,000 — f the Assets, the Buyer paid the seller $160,000 and issued the Seller 2,000,000 shares
• $50,000 — ricted common stock. The Buyer remitted $50,000 at Closing and issued the Seller a Prom
• $110,000 — sory Note (the "Note") in the amount of $110,000, which was paid April 9, 2021. The Note
• $1,300,000 — Agreement that was held in escrow, (ii) $1,300,000 at Closing, and (iii) 1,000,000 shares
• $1,000,000 — ement and that was held in escrow, (ii) $1,000,000 at Closing, and (iii) 2,000,000 shares
• $186,537.92 — the "Promissory Note") in the amount of $186,537.92. The Promissory Note accrues interest a
• $140,000 — 30 days. The Company made a payment of $140,000 on March 7, 2022 against the Promissory
• $185,000 — ("Buyer") for a total purchase price of $185,000. The sale included DGRI's business asse

Filing Documents

• form10-ka.htm (10-K/A) — 1396KB
• ex31-1.htm (EX-31.1) — 9KB
• ex31-2.htm (EX-31.2) — 9KB
• ex32-1.htm (EX-32.1) — 5KB
• 0001641172-25-024682.txt ( ) — 7527KB
• dgwr-20241231.xsd (EX-101.SCH) — 64KB
• dgwr-20241231_cal.xml (EX-101.CAL) — 75KB
• dgwr-20241231_def.xml (EX-101.DEF) — 242KB
• dgwr-20241231_lab.xml (EX-101.LAB) — 526KB
• dgwr-20241231_pre.xml (EX-101.PRE) — 411KB
• form10-ka_htm.xml (XML) — 1036KB

Business

Business 3 Item 1A.

Risk Factors

Risk Factors 9 Item 1B. Unresolved Staff Comments 21 Item 1C. Cybersecurity 21 Item 2.

Properties

Properties 22 Item 3.

Legal Proceedings

Legal Proceedings 22 Item 4. Mine Safety Disclosures 22 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 22 Item 6. RESERVED 24 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 24 Item 7A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 30 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 31 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosures 32 Item 9A.

Controls and Procedures

Controls and Procedures 32 Item 9B. Other Information 33 Item 9C. Disclosure Involving Foreign Jurisdictions that Prevent Inspections 33 PART III Item 10. Directors, Executive Officers and Corporate Governance 33 Item 11.

Executive Compensation

Executive Compensation 36 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 40 Item 13. Certain Relationships and Related Transactions, and Director Independence 41 Item 14. Principal Accounting Fees and Services 42 PART IV Item 15. Exhibits and Financial Statement Schedules 43 Item 16. Form 10-K Summary 46

Signatures

Signatures 47 2 PART I ITEM 1. BUSINESS. Overview Deep Green Waste & Recycling, Inc. ("Deep Green", the "Company", "we", "us", or "our") is a publicly quoted company seeking to create value for its shareholders by seeking to acquire other operating entities for growth in return for shares of our common stock. The Company was organized as a Nevada Corporation on August 24, 1995 under the name of Evader, Inc. On May 25, 2012, the Company filed its Foreign Profit Corporation Articles of Domestication to change the domicile of the Company from Nevada to Wyoming. On November 4, 2015, the Company filed an Amendment to its Articles of Incorporation to change the name of the Company to Critical Clothing, Inc. and on August 28, 2017 an Amendment was filed to change the Company name to Deep Green Waste & Recycling, Inc. On August 24, 2017, the Company entered into an Agreement of Conveyance, Transfer and Assignment of Assets and Assumption of Obligations (the "Agreement") with St. James Capital Management, LLC. Under the terms of the Agreement, the Company transferred and assigned all of the assets of the Company related to its extreme sports apparel design and manufacturing business in exchange for the assumption of certain liabilities and cancellation of 2,000 shares (as adjusted for the September 27, 2017 reverse stock split of 1 share for 1000 shares and the June 20, 2023 reverse stock split of 1 share for 1,500 shares) of common stock of the Company. On August 24, 2017, the Company acquired all the membership units of Deep Green Waste and Recycling, LLC ("DGWR LLC"), a Georgia limited liability company engaged in the waste recycling business since 2011, in exchange for 56,667 shares (as adjusted for the September 27, 2017 reverse stock split of 1 share for 1000 shares and the June 20, 2023 reverse stock split of 1 share for 1,500 shares) of the Company's common stock. The transaction was accounted for as a "reverse merger" where DGWR LLC was considered the

View Full Filing

View this 10-K/A filing on SEC EDGAR