Every 10-Q that IWALLET CORPORATION (IWAL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, 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 Corp reported no revenue for the three and six months ended June 30, 2026, continuing its pre‑revenue status. The company recorded a net loss of $27,194 for the quarter and $63,723 for the six months, compared with a six‑month loss of $195,554 a year earlier.
Total assets were $66,784, consisting primarily of a right‑of‑use asset, with $0 cash. Current liabilities were $913,897, including notes payable, related‑party payables and $260,000 of convertible debentures, resulting in a working capital deficit of $913,897 and total stockholders’ deficit of $879,227. The accumulated deficit reached $6,756,312.
Management states there is substantial doubt about the ability to continue as a going concern, citing recurring losses, negative cash flows and dependence on bridge loans and related‑party advances. Disclosure controls and procedures were assessed as not effective, and several debt instruments, including older debentures, remain outstanding, some past original maturity dates.
iWallet Corp$36,529, compared with a loss of $19,029 a year earlier, driven mainly by higher audit, legal and rent expenses and increased interest on bridge loans.
As of March 31, 2026, iWallet held only $16 in cash and total assets of $73,626 against total liabilities of $925,659, resulting in a stockholders’ deficit of $852,033. Management discloses substantial doubt about the company’s ability to continue as a going concern, citing cumulative losses of $6,729,118 and heavy reliance on related-party advances, bridge loans, and defaulted convertible debentures.
Current liabilities include $260,000 of secured convertible debentures, several 10% bridge notes, and accrued interest of over $340,000. Disclosure controls and procedures were deemed not effective, and the company had 106,419,419 common shares and 7,644,000 preferred shares outstanding with no new equity raised in the quarter.
iWallet Corp filed its Q3 2025 10‑Q, reporting $0 revenue and a net loss of $185,511 for the quarter. For the nine months, net loss was $381,065.
Operating expenses rose sharply to $181,874 in Q3, driven by R&D of $161,882 as the company develops its new product. Cash was $229 at September 30, 2025, with a working capital deficit of $693,849 and current liabilities of $694,078, including $260,000 in convertible debentures and $315,382 in accrued interest. Management states there is substantial doubt about the company’s ability to continue as a going concern.
To manage obligations, the company converted debt and payables into equity, issuing 5,000,000 shares in April 2025 for note conversion and 3,600,000 shares in July/August 2025 to settle accounts payable. A subsequent event on October 8, 2025 issued 20,000,000 shares to the CEO for services, valued at $600,000. Shares outstanding were 106,419,419 as of November 13, 2025.