IWAL on OTC
iWallet Corp
American communications equipment company based in Reno, listed on OTC (IWAL)1
In its 2026 annual report the company says: “We are a designer and developer of patented, innovative, physical personal security products that incorporate biometric security and wireless communication technologies to protect against personal identity and financial information theft.”3
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Last updated Oct 21, 2026.
Overview
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- TickerIWAL on OTC1
- IndustryCommunications Equipment, NEC1
- HeadquartersReno, Nevada1
- Incorporated inNV2
- Business address401 Ryland St., Ste. 200A, Reno, Nv 895022
- Filer categoryNon-accelerated filer, Smaller reporting company2
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The Company is currently focused on designing and developing biometric locking wallets and related physical, personal security products, and providing consulting services in connection with protective wallets and other personal security products.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.8
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenues | $0 | $0 |
| Cost of Sales | $0 | $0 |
| Gross Profit | $0 | $0 |
| General and Administrative Expenses | $651.2K | $65.7K |
| Research and Development Expense | $267.0K | $0 |
| Total Operating Expenses | $918.2K | $65.7K |
| Operating Loss | -$918.2K | -$65.7K |
| Gain (Loss) on Extinguishment of Debt | -$135.6K | $0 |
| Interest income (expense) | -$48.9K | -$42.4K |
| Total Other Income (Expense) | -$184.5K | -$42.4K |
| Net income (loss) | -$1.1M | -$108.1K |
| Basic and Diluted Earnings per Share | -$0.01 | $0.00 |
| Weighted Average Common Shares - Basic and Diluted | 87.5M shares | 75.6M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 2 fiscal years (annual) or 2 quarters (quarterly), latest first.8
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cash | $0 | $2.4K |
| Total Current Assets | $0 | $2.4K |
| Total Assets | $80.3K | $2.4K |
| Right-to-Use Asset | $74.7K | $0 |
| Security Deposits | $5.6K | $0 |
| Accounts payable, net, current | $168.4K | $12.3K |
| Lines of credit, current | $864 | $0 |
| Accrued interest payable, net, current | $331.2K | $282.9K |
| Lease liability, current | $27.7K | $0 |
| Due to related parties, current | $14.4K | $14.3K |
| Notes payable, current | $46.3K | $21.0K |
| Convertible Debentures, current | $260.0K | $260.0K |
| Total Current Liabilities | $848.8K | $590.5K |
| Total Liabilities | $895.8K | $590.5K |
| Preferred stock Series A value | $7.6K | $7.6K |
| Preferred stock Series B value | $1.0K | $1.0K |
| Common stock value | $106.4K | $77.8K |
| Additional Paid-in Capital | $5.8M | $4.9M |
| Accumulated Deficit | -$6.7M | -$5.6M |
| Total Stockholders' Deficit | -$815.5K | -$588.0K |
| Total Liabilities and Stockholders' Deficit | $80.3K | $2.4K |
| Lease liability, noncurrent | $47.0K | $0 |
| Preferred Series A par value | $0.00 | $0.00 |
| Preferred Series A authorized | 14.0M shares | 14.0M shares |
| Preferred Series A outstanding | 7.6M shares | 7.6M shares |
| Preferred Series B par value | $0 | $0 |
| Preferred Series B authorized | 1.0M shares | 1.0M shares |
| Preferred Series B outstanding | 1.0M shares | |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 |
| Common Stock, Shares Authorized | 150.0M shares | 150.0M shares |
| Common Stock, Shares, Outstanding | 106.4M shares | 77.8M shares |
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cash | $0 | $2.4K |
| Total Current Assets | $0 | $2.4K |
| Total Assets | $80.3K | $2.4K |
| Right-to-Use Asset | $74.7K | $0 |
| Security Deposits | $5.6K | $0 |
| Accounts payable, net, current | $168.4K | $12.3K |
| Lines of credit, current | $864 | $0 |
| Accrued interest payable, net, current | $331.2K | $282.9K |
| Lease liability, current | $27.7K | $0 |
| Due to related parties, current | $14.4K | $14.3K |
| Notes payable, current | $46.3K | $21.0K |
| Convertible Debentures, current | $260.0K | $260.0K |
| Total Current Liabilities | $848.8K | $590.5K |
| Total Liabilities | $895.8K | $590.5K |
| Preferred stock Series A value | $7.6K | $7.6K |
| Preferred stock Series B value | $1.0K | $1.0K |
| Common stock value | $106.4K | $77.8K |
| Additional Paid-in Capital | $5.8M | $4.9M |
| Accumulated Deficit | -$6.7M | -$5.6M |
| Total Stockholders' Deficit | -$815.5K | -$588.0K |
| Total Liabilities and Stockholders' Deficit | $80.3K | $2.4K |
| Lease liability, noncurrent | $47.0K | $0 |
| Preferred Series A par value | $0.00 | $0.00 |
| Preferred Series A authorized | 14.0M shares | 14.0M shares |
| Preferred Series A outstanding | 7.6M shares | 7.6M shares |
| Preferred Series B par value | $0 | $0 |
| Preferred Series B authorized | 1.0M shares | 1.0M shares |
| Preferred Series B outstanding | 1.0M shares | |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 |
| Common Stock, Shares Authorized | 150.0M shares | 150.0M shares |
| Common Stock, Shares, Outstanding | 106.4M shares | 77.8M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.8
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income (loss) | -$1.1M | -$108.1K |
| Share-based payement arrangement | $600.0K | $17.0K |
| Gain (Loss) on Debt Settlement | $135.6K | $0 |
| Changes in Security Deposits | -$5.6K | $0 |
| Changes in Accounts Payable | $270.1K | $11.7K |
| Changes in Accrued Liabilities | $864 | $0 |
| Changes in Due to Related Party | $124 | $1.9K |
| Changes in Accrued Interest Payable | $48.9K | $42.4K |
| Net Cash Used in Operating Activities | -$52.7K | -$35.1K |
| Net Cash Provided by Investing Activities | $0 | $0 |
| Proceeds from Notes Payable | $50.3K | $21.0K |
| Proceeds from Stock Subscription | $0 | $15.0K |
| Net Cash Provided by Financing Activities | $50.3K | $36.0K |
| Net Increase (Decrease) in Cash | -$2.4K | $877 |
| Interest Paid in Cash | $0 | $0 |
| Income Taxes paid in Cash | $0 | $0 |
No quarter-by-quarter statement was filed.
Corporate structure
iWallet Corp sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of iWallet Corp
- Killuminati Investments LLC Filed SCHEDULE 13G on iWallet Corp, latest Apr 8, 2026
- iWallet Corp Reno, Nevada
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What iWallet Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Operating-lease assets (leased space) | $74.7K8 Dec 31, 2025 | $08 Dec 31, 2024 |
Investments
Intangibles and goodwill
Properties, in its own words
The Company does not currently lease or own any real property.
Item 2 of the 10-K filed Mar 27, 2026.3
Former names
- Queensridge Mining Resources, Inc.Aug 6, 2010 to May 20, 20142
Timeline
- Jun 16, 20258-K Entered a material agreement; Unregistered sale of shares11
- Apr 8, 20258-K Regulation FD disclosure12
- Apr 4, 20258-K Regulation FD disclosure13
- Nov 5, 20248-K Unregistered sale of shares14
- Jul 3, 20248-K Change of auditor15
- May 24, 20248-K Bylaws or fiscal year changed16
- May 16, 20248-K Bylaws or fiscal year changed17
- Apr 11, 20248-K Other events18
Filings
48 filings to the SEC since October 2021: 6 annual reports, 16 quarterly reports, 8 major events, 1 large holders, 17 other. The latest 20:
- Aug 14, 202610-Q QUARTERLY REPORT EDGAR
- May 15, 202610-Q QUARTERLY REPORT EDGAR
- Apr 8, 2026SCHEDULE 13G EDGAR
- Mar 27, 202610-K ANNUAL REPORT EDGAR
- Nov 13, 202510-Q QUARTERLY REPORT EDGAR
- Aug 14, 202510-Q IWALLET CORP - FORM 10-Q SEC FILING EDGAR
- Jun 16, 20258-K IWALLET CORP - FORM 8-K SEC FILING EDGAR
- May 9, 202510-Q IWALLET CORP - FORM 10-Q SEC FILING EDGAR
- Apr 8, 20258-K IWALLET CORP - FORM 8-K SEC FILING EDGAR
- Apr 4, 20258-K IWALLET CORP - FORM 8-K SEC FILING EDGAR
- Mar 13, 202510-K IWALLET CORPORATION - FORM 10-K SEC FILING EDGAR
- Nov 5, 20248-K IWALLET CORP - FORM 8-K SEC FILING EDGAR
- Nov 5, 202410-Q IWALLET CORP - FORM 10-Q SEC FILING EDGAR
- Aug 14, 202410-Q IWALLET CORP - FORM 10-Q SEC FILING EDGAR
- Jul 29, 2024UPLOAD EDGAR
- Jul 26, 2024CORRESP EDGAR
- Jul 26, 202410-K/A IWALLET CORP - FORM 10-K SEC FILING EDGAR
- Jul 3, 20248-K IWALLET CORP - FORM 8-K SEC FILING EDGAR
- Jul 1, 2024UPLOAD EDGAR
- May 24, 20248-K IWALLET CORP - FORM 8-K SEC FILING EDGAR
The 48 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Killuminati Investments LLCSCHEDULE 13G, 1 filing Apr 8, 202619
SEC filer profile
How iWallet Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARiWallet Corp1
- CIK0001498372
- Employer ID (EIN)27-18300133
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
- Incorporated inNevada3
- Fiscal year endsDecember 311
- Industry code (SIC)3669 Communications Equipment, NEC1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address401 Ryland St., Ste. 200A, Reno, NV 895021
- Phone858-610-29581
- Shares outstanding106,419,419 as of Aug 14, 202610
- Public float$1.1M as of 3
- AuditorVictor Mokuolu, CPA PLLC, Houston, Texas PCAOB ID 6771; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceAug 6, 20101
- Filings139 in all: 10-Q (32), 8-K (18), NT 10-Q (16), UPLOAD (15), 10-K (10), CORRESP (8), 424B3 (5), NT 10-K (5)1
All 24 form types
EFFECT (4), S-1/A (4), D (3), 10-12G/A (2), 10-K/A (2), 8-K/A (2), D/A (2), POS AM (2), S-1 (2), 10-12G (1), 10-Q/A (1), 15-15D (1), DEF 14C (1), PRE 14C (1), S-8 (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (10-K) Mar 27, 2026
Quarterly report (10-Q) Aug 14, 2026
Latest 8-K (8-K) Jun 16, 2025
Risk factors and legal proceedings
Legal proceedings
From time to time, we may be involved in litigation relating to claims arising out of our operations in the normal course of business. As of December 31, 2025, there were no pending or threatened lawsuits that could reasonably be expected to have a material effect on the Company’s results of operations.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARiWallet Corp filings on SEC EDGAR
- 2SEC EDGARiWallet Corp filings on SEC EDGAR
- 3
- 4SEC EDGARiWallet Corp 10-K for fiscal 2020
- 5SEC EDGARiWallet Corp 10-K for fiscal 2021
- 6SEC EDGARiWallet Corp 10-K for fiscal 2022
- 7SEC EDGARiWallet Corp 10-K for fiscal 2023
- 8SEC EDGARiWallet Corp 10-K for fiscal 2024
- 9SEC EDGARiWallet Corp 10-Q for fiscal 2026
- 10SEC EDGARiWallet Corp 10-Q for fiscal 2026
- 11
- 12SEC EDGARRegulation FD disclosure
- 13SEC EDGARRegulation FD disclosure
- 14SEC EDGARUnregistered sale of shares
- 15SEC EDGARChange of auditor
- 16SEC EDGARBylaws or fiscal year changed
- 17SEC EDGARBylaws or fiscal year changed
- 18SEC EDGAROther events
- 19