iWallet Corp (IWAL) Financial Statements (2025 and earlier)

Company Profile

Business Address 401 RYLAND ST.
RENO, NV 89502
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 3669 - Communications Equipment, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2014
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments221350466 
Cash and cash equivalent221350466 
Receivables     8 
Inventory, net of allowances, customer advances and progress billings     139
Inventory     139 
Deferred costs     212 
Funds held for clients     20 
Intangible current assets     116
Other undisclosed current assets     (2) 
Total current assets:221350959 
Noncurrent Assets
Intangible assets, net (including goodwill) (163)(163)(163)(163) 
Intangible assets, net (excluding goodwill) (163)(163)(163)(163)  
Other undisclosed noncurrent assets 163163163163116 
Total noncurrent assets:     116 
TOTAL ASSETS:2213501,075 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities295241415342281 
Interest and dividends payable338  
Accounts payable12174235 
Accrued liabilities283241408 46 
Debt351225054 
Other liabilities     41 
Due to related parties 5342
Other undisclosed current liabilities260262505 0130
Total current liabilities:590515922851330172
Noncurrent Liabilities
Long-term debt and lease obligation     14 
Long-term debt, excluding current maturities     14 
Total noncurrent liabilities:     14 
Total liabilities:590515922851344172
Equity
Equity, attributable to parent, including:(588)(514)(909)(802)731(177)
Preferred stock88    
Common stock78735353346
Additional paid in capital4,9154,8874,2534,2533,34132
Accumulated deficit(5,590)(5,482)(5,214)(5,107)(2,647)(211)
Other undisclosed equity, attributable to parent1   3(5)
Total equity:(588)(514)(909)(802)731(177)
TOTAL LIABILITIES AND EQUITY:2213501,075(5)

Income Statement (P&L) ($ in thousands)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2014
6/30/2014
Revenues   1069155 
Cost of revenue    (27)(119) 
Cost of product and service sold    (27)(144) 
Financial services costs25 
Other undisclosed gross profit     (3) 
Gross profit:   104233 
Operating expenses(66)(451)(93)(491)(2,457)(22)
Other undisclosed operating income  22546246  
Operating loss:(66)(225)(36)(204)(2,424)(22)
Nonoperating income (expense)(42)(42)(70)(143)290 
Debt instrument, convertible, beneficial conversion feature     290 
Interest and debt expense   (70)(65) (2)
Other undisclosed income from continuing operations before equity method investments, income taxes      
Loss from continuing operations:(108)(268)(177)(412)(2,134)(24)
Loss before gain (loss) on sale of properties:(412)(2,134)(24)
Net loss:(108)(268)(177)(412)(2,134)(24)
Other undisclosed net income (loss) attributable to parent  7065(290)(0)
Net loss available to common stockholders, diluted:(108)(268)(107)(347)(2,424)(24)

Comprehensive Income ($ in thousands)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2014
6/30/2014
Net loss:(108)(268)(177)(412)(2,134)(24)
Comprehensive loss, net of tax, attributable to parent:(108)(268)(177)(412)(2,134)(24)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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