Here are the 10-K annual reports from iWallet Corporation (IWAL) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow IWAL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full IWAL filings page.
iWallet Corporation reported no revenue for 2025 or 2024 and a sharply higher net loss of $1,102,720 in 2025, compared with a $108,091 loss in 2024. The jump was driven mainly by $918,174 in operating expenses, including $600,000 of stock-based compensation to the CEO and $267,013 of research and development.
At December 31, 2025, iWallet had a cash balance of $0, a working capital deficit of $848,762 and an accumulated deficit of $6,692,589. The independent auditor and management disclosed substantial doubt about the company’s ability to continue as a going concern. The business remains pre-revenue, focused on biometric security wallets and related “smart container” products, with prototypes completed and plans for pre-sales in Q3 2026 and initial deliveries in Q4.
Capital needs have been funded through convertible debentures, notes payable and equity issuances, including common and preferred shares. Some debentures are in default or past original maturity, with renegotiations ongoing. Common stock outstanding rose to 106,419,419 shares as of December 31, 2025, and the stock trades on the OTC Pink under the symbol “IWAL.”