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QSEP on OTC

QS Energy, Inc.

QS Energy, Inc. is an American oil and gas field machinery and equipment company.1 It is headquartered in Tomball, Texas.1 Its shares trade on OTC under the symbol QSEP.1

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Last updated Oct 21, 2026.

Overview

Compare with Koil Energy Solutions, Inc., STAK Inc. or Leishen Energy Holding Co., Ltd., or pick any stock.

  • TickerQSEP on OTC1
  • IndustryOil & Gas Field Machinery & Equipment1
  • HeadquartersTomball, Texas1
  • Incorporated inNV2
  • Business address23902 Fm 2978, Tomball, Tx 773752
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-$4.0MFree cash flow3

Financial statements

Revenue456783$0 in 2025
02019: $0$020192020: $0$020202021: $0$020212022: $0$020222023: $0$020232024: $0$020242025: $0$02025
Operating income56783-$14.9M in 2025+719% since 2020
-$15.0M-$10.0M-$5.0M02020: -$1.8M-$1.8M20202021: -$1.2M-$1.2M2021−35%2022: -$1.3M-$1.3M2022+5%2023: -$891.0K-$891.0K2023−29%2024: -$1.6M-$1.6M2024+77%2025: -$14.9M-$14.9M2025+847%
Net income456783-$15.3M in 2025+172% since 2019
-$20.0M-$15.0M-$10.0M-$5.0M02019: -$5.6M-$5.6M20192020: -$2.4M-$2.4M2020−57%2021: -$1.4M-$1.4M2021−41%2022: -$1.5M-$1.5M2022+9%2023: -$1.2M-$1.2M2023−21%2024: -$1.9M-$1.9M2024+58%2025: -$15.3M-$15.3M2025+691%

Every line of the income statement as filed: the last 2 fiscal years, latest first.3

Period ending2025-12-312024-12-31
Revenues$0$0
Operating expenses$13.3M$1.4M
Research and development expenses$1.6M$191.0K
Loss from operations-$14.9M-$1.6M
Interest and financing expense-$389.0K-$358.0K
Other$7.0K$0
Net Loss-$15.3M-$1.9M
Net loss per common share, basic-$0.03$0.00
Net loss per common share, diluted-$0.03$0.00
Weighted average common shares outstanding, basic499.7M shares405.0M shares
Weighted average common shares outstanding, diluted499.7M shares405.0M shares

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Corporate structure

QS Energy, Inc. 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 QS Energy, Inc.

  • Cecil Kyte Filed SCHEDULE 13D/A on QS Energy, Inc., latest Feb 27, 2025
  • QS Energy, Inc. Tomball, Texas

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What QS Energy, Inc. 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

ItemLatestA year beforeChange
Property and equipment, before depreciation$104.0K3 Dec 31, 2025$104.0K3 Dec 31, 20240%
Accumulated depreciation$104.0K3 Dec 31, 2025$101.0K3 Dec 31, 2024+3.0%
Property and equipment, net$03 Dec 31, 2025$3.0K3 Dec 31, 2024−100.0%

Properties, in its own words

The Company’s executive offices are located in Tomball, Texas (“Tomball Facility”) and leased on a month to month basis at $1,000 per month. Total rent expense under this lease for the years ended December 31, 2025 and 2024 was $12,000 and $12,000, respectively. The Company also rents a storage facility in Laurel, Mississippi on a month-to-month basis for $250 per month. The Company reimburses Cecil Bond Kyte, Company CEO and CFO, in rent expenses for a home office and partial storage space in Carson City, Nevada at a rate of $1,000 per month under a month-to-month rental agreement (“Carson Rental Agreement”). Total rent expense under the Carson Rental Agreement during the years ended December 31, 2025, and 2024 were $3,000 and $12,000, respectively which are included as part of Operating Expenses in the attached consolidated statement of operations.

We believe our facilities are adequate to meet our current and near-term needs.

Item 2 of the 10-K filed Mar 31, 2026.11

Leadership

Who has led QS Energy, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Eugene E. Eichler2006
  2. Charles Blum2007–2008
  3. Cecil Kyte2012–2014
  4. Greggory M. Bigger2014–2017
  5. Jason B. Lane2017–2020
  6. Don Dickson2020

Chair

  1. Edward L. Masry2006

President

  1. Bruce McKinnon2006
  2. Charles Blum2011
  3. Greggory M. Bigger2013

Chief financial officer

  1. Charles K. Dargan2007
  2. Eugene E. Eichler2011–2012
  3. Greggory M. Bigger2012–2013
  4. Michael Scott McMullen2017–2020
  5. Cecil Kyte2021–2025
2010201520202025
Board members and other officers (20)

Former names

  • SAVE THE WORLD AIR INCNov 28, 2000 to Aug 7, 20152

Timeline

  1. Jun 25, 20258-K Entered a material agreement43
  2. Jun 20, 20258-K Unregistered sale of shares44
  3. Feb 21, 20258-K Entered a material agreement45
  4. Feb 19, 20258-K Bylaws or fiscal year changed46
  5. Feb 19, 20258-K Shareholder vote47
  6. Nov 15, 20248-K Unregistered sale of shares48
  7. Jun 7, 20248-K Executive or director change49
  8. May 10, 20248-K Unregistered sale of shares50
  9. Oct 5, 20238-K Unregistered sale of shares51
  10. Sep 27, 20228-K Unregistered sale of shares52
  11. Dec 10, 20218-K Unregistered sale of shares53
  12. Jun 17, 2020New chief executive Don Dickson becomes CEO12
  13. Apr 7, 2017New chief executive Jason B. Lane becomes CEO13
  14. May 14, 2014New chief executive Greggory M. Bigger becomes CEO14
  15. Feb 6, 2012New chief executive Cecil Kyte becomes CEO15
  16. Jul 31, 2007New chief executive Charles Blum becomes CEO16
  17. Feb 6, 2006New chief executive Eugene E. Eichler becomes CEO17

Filings

45 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 11 major events, 10 insider forms, 1 large holders, 3 other. The latest 20:

  1. Aug 28, 20264 EDGAR
  2. Aug 28, 20264 EDGAR
  3. Aug 14, 202610-Q FORM 10-Q FOR JUN 2026 EDGAR
  4. May 15, 202610-Q FORM 10-Q FOR MAR 2026 EDGAR
  5. Mar 31, 202610-K FORM 10-K FOR DEC 2025 EDGAR
  6. Nov 14, 202510-Q FORM 10-Q FOR SEPT. 2025 EDGAR
  7. Aug 14, 202510-Q FORM 10-Q FOR JUN 2025 EDGAR
  8. Jun 25, 20258-K CURRENT REPORT EDGAR
  9. Jun 20, 20258-K CURRENT REPORT EDGAR
  10. May 27, 20254 EDGAR
  11. May 14, 202510-Q FORM 10-Q FOR MAR 2025 EDGAR
  12. Mar 28, 202510-K FORM 10-K FOR DEC 2024 EDGAR
  13. Feb 27, 2025SCHEDULE 13D/A EDGAR
  14. Feb 25, 20254 EDGAR
  15. Feb 25, 20254/A EDGAR
  16. Feb 25, 20254 EDGAR
  17. Feb 25, 20254/A EDGAR
  18. Feb 21, 20258-K CURRENT REPORT EDGAR
  19. Feb 19, 20258-K CURRENT REPORT EDGAR
  20. Feb 19, 20258-K CURRENT REPORT EDGAR

The 45 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.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Feb 13, 2024Bunting EricDirectorBuy220,000Form 4

From Forms 4 filed with the SEC.

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.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$151.2K 2020–2020
Money received by yearMoney received by year, 2020–2020: $151.2K in all. PPP loans $151.2K.$0$50K$100K$150K$200K2020 · PPP loans: $151.2K2020
Figures by year
YearPPP loansTotal
2020$151.2K$151.2K

PPP loans

Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA55. Matched to this company by name and state.

  1. Jun 17, 2020$151.2K PPP loan (first draw) from Cadence Bank55To QS ENERGY, INC, Tomball TX; $65.0K forgiven Jun 8, 2022

SEC filer profile

How QS Energy, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARQS Energy, Inc.1
  • CIK0001103795
  • Employer ID (EIN)52-208832611
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company11
  • Incorporated inNevada11
  • Fiscal year endsDecember 311
  • Industry code (SIC)3533 Oil & Gas Field Machinery & Equipment1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address23902 Fm 2978, Tomball, TX 773751
  • Phone775-300-76471
  • Shares outstanding565,305,854 as of Aug 7, 202610
  • Public float$100.5M as of Jun 30, 202511
  • AuditorWeinberg & Company, P.A., Los Angeles, California PCAOB ID 572; no auditor attestation of internal control over financial reporting11
  • On EDGAR sinceJan 27, 20001
  • Filings551 in all: 4 (138), 8-K (129), 10-Q (56), 5 (39), 10QSB (21), 3 (21), 10-K (18), NT 10-Q (14)1
    All 40 form types

    DEF 14A (12), 4/A (11), UPLOAD (8), 10KSB (7), CORRESP (7), 10QSB/A (6), NT 10-K (6), 3/A (5), REGDEX (5), S-8 (5), PRE 14A (4), SB-2/A (4), 10-Q/A (3), 10SB12G/A (3), ARS (3), SC 13D (3), 10-K/A (2), 5/A (2), 8-K/A (2), D (2), DEFA14A (2), EFFECT (2), SB-2 (2), 10SB12G (1), 424B5 (1), DEF 14C (1), NTN 10Q (1), PRER14A (1), SC 13D/A (1), SC 13G (1), SC 13G/A (1), SCHEDULE 13D/A (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) Dec 27, 2024
    Latest 8-K (8-K) Jun 25, 2025

Risk factors and legal proceedings

The risks QS Energy, Inc. names in Item 1A of its 10-K filed Mar 31, 2026: 23 risks under these headings, as written.11

  • We have a history of losses, and we cannot assure you that we will ever become or remain profitable. As a result, you may lose your entire investment.
  • There is substantial doubt about our ability to continue as a going concern, which may hinder our ability to obtain future financing.
  • Since we have not yet begun to generate positive cash flow from operations, our ability to continue operations is dependent on our ability to either begin to generate positive cash flow from operations or our ability to raise capital from outside sources.
  • We will need substantial additional capital to meet our operating needs, and we cannot be sure that additional financing will be available.
  • If we are not able to devote adequate resources to product development and commercialization, we may not be able to develop our products.
  • The commercial viability of QS Energy’s technologies remains largely unproven and we may not be able to attract customers.
  • If our products and services do not gain market acceptance, it is unlikely that we will become profitable and it is unlikely that we will be able to stay in business.
  • We outsource and rely on third parties for the manufacture of our products.
  • If any party to which we have outsourced certain functions fails to perform its obligations under agreements with us, the development and commercialization of our products could be delayed or curtailed.
  • Any revenues that we may earn in the future are unpredictable, and our operating results are likely to fluctuate from quarter to quarter.
  • Nondisclosure agreements with employees and others may not adequately prevent disclosure of trade secrets and other proprietary information.
  • The manufacture, use or sale of our current and proposed products may infringe on the patent rights of others, and we may be forced to litigate if an intellectual property dispute arises.
The other 11 risks
  • We may face costly intellectual property/ license agreements disputes.
  • Changes in governmental regulations and policies may affect export of our technologies.
  • We may not be able to attract or retain qualified senior personnel.
  • If we lose our key personnel or are unable to attract and retain additional personnel, we may be unable to achieve profitability.
  • Currently, there is only very limited trading in our stock, so you may be unable to sell your shares at or near the quoted bid prices if you need to sell your shares.
  • The market price of our stock is volatile.
  • Substantial sales of common stock could cause our stock price to fall.
  • Potential issuance of additional shares of our common stock could dilute existing stockholders.
  • We may not be successful in identifying, making, financing, and integrating acquisitions.
  • Our common stock is subject to penny stock regulation, which may make it more difficult for us to raise capital.
  • Cyber Security and Information Technology Risks.

Legal proceedings

We are not subject to any litigation or legal proceedings.

The opening of Item 3, Legal Proceedings.11

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