QWTR Quest Water Global Inc (PK)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended June 30, 2024

 

or

 

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from ______________ to________________

 

Commission file number 000-56480

 

QUEST WATER GLOBAL, INC.

(Exact name of registrant as specified in its charter)

 

Delaware		27-1994359
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
Suite 209 – 828 Harbourside Drive North Vancouver, British Columbia, Canada		V7P 3R9
(Address of principal executive offices)		(Zip Code)

 

(888) 897-5536

(Registrant’s telephone number, including area code)

 

N/A

(Former name, former address and former fiscal year, if changed since last report)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
None		None		N/A

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer ☐	Accelerated filer ☐
Non-accelerated filer ☐	Smaller reporting company ☒
	Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

 

As of August 19, 2024, the registrant’s outstanding common stock consisted of 131,903,029 shares.

 

 

 

TABLE OF CONTENTS

 

PART I – FINANCIAL INFORMATION
Item 1.	Financial Statements	F-1
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	4
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	8
Item 4.	Controls and Procedures	8
PART II – OTHER INFORMATION
Item 1.	Legal Proceedings	9
Item 1A.	Risk Factors	9
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	9
Item 3.	Defaults Upon Senior Securities	9
Item 4.	Mine Safety Disclosures	9
Item 5.	Other Information	9
Item 6.	Exhibits	9

 

 

Item 1. Financial Statements

 

Quest Water Global, Inc.

Condensed Consolidated Financial Statements

Six Months Ended June 30, 2024 and 2023

(Expressed in US dollars)

(Unaudited)

 

	Index
Condensed Consolidated Interim Balance Sheets	F-2
Condensed Consolidated Interim Statements of Operations and Comprehensive Loss	F-3
Condensed Consolidated Interim Statements of Stockholders’ Deficit	F-4
Condensed Consolidated Interim Statements of Cash Flows	F-5
Notes to the Condensed Consolidated Interim Financial Statements	F-6

 

 

QUEST WATER GLOBAL, INC.

Condensed Consolidated Interim Balance Sheets

(Expressed in US Dollars)

(Unaudited)

 

		June 30,				December 31,
		2024				2023
						(Audited)
ASSETS
Current assets
Cash		$	-			$	3
Prepaid expenses			4,822				1,529
Total Current Assets			4,822				1,532
Equipment, net (Note 4)			417				667
Total assets		$	5,239			$	2,199
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities
Accounts payable and accrued liabilities		$	67,956			$	62,387
Due to related company (Note 3)			41,273				41,273
Due to related parties (Note 5)			2,016,284				1,733,443
Due to related parties			2,016,284				1,733,443
Total liabilities			2,125,513				1,837,103
Commitments and Contingencies		$	-			$	-
Stockholders’ deficit
Preferred stock, 5,000,000 shares authorized, $0.000001 par value 2 shares issued and outstanding			1				1
Common stock, 500,000,000 shares authorized, $0.000001 par value 131,903,029 issued and outstanding (December 31, 2023 – 131,903,029)			132				132
Additional paid-in capital			10,187,703				10,000,348
Deficit			(12,308,110	)			(11,835,385	)
Total stockholders’ deficit			(2,120,274	)			(1,834,904	)
Total liabilities and stockholders’ deficit		$	5,239			$	2,199

 

(The accompanying notes are an integral part of these condensed consolidated financial statements)

 

 

QUEST WATER GLOBAL, INC.

Condensed Consolidated Interim Statements of Operations and Comprehensive Loss

(Expressed in US Dollars)

(Unaudited)

 

		For the three months ended June 30, 2024				For the three months ended June 30, 2023				For the six months ended June 30, 2024				For the six months ended June 30, 2023
						(Restated)								(Restated)
Expenses
Automotive		$	806			$	2,148			$	1,692			$	4,607
Depreciation			125				125				250				250
Management fees			123,750				123,750				247,500				247,500
Office and miscellaneous			941				1,935				1,758				4,113
Professional fees			8,374				10,594				22,306				13,563
Rent			-				5,250				-				10,500
Telephone			628				816				1,518				1,738
Transfer agent and filing fees			5,791				6,412				10,346				11,170
Consulting fees			-				-				187,355				-
Total expenses			140,415				151,030				472,725				293,441
Loss before other income			(140,415	)			(151,030	)			(472,725	)			(293,441	)
Net loss and comprehensive loss		$	(140,415	)		$	(151,030	)		$	(472,725	)		$	(293,441	)
Net loss per share, basic and diluted		$	(0.001	)		$	(0.001	)		$	(0.004	)		$	(0.002	)
Weighted average number of shares outstanding, basic and diluted			131,903,029				131,903,029				131,903,029				131,903,029

 

(The accompanying notes are an integral part of these condensed consolidated financial statements)

 

 

QUEST WATER GLOBAL, INC.

Condensed Consolidated Interim Statements of Stockholder’s Deficit

(Expressed in US Dollars)

(Unaudited)

 

		Number				Amount $				Number				Amount $				capital $				Deficit $				Total $
		Preferred stock								Common stock								Additional paid-in
		Number				Amount $				Number				Amount $				capital $				Deficit $				Total $
For June 30, 2024
Balance, December 31, 2023			2				1				131,903,029				132				10,000,348				(11,835,385	)			(1,834,904	)
Stock based compensation			-				-				-				-				187,355				-				187,355
Net loss for the period			-				-				-				-				-				(332,310	)			(332,310	)
Balance, March 31, 2024			2				1				131,903,029				132				10,187,703				(12,167,695	)			(1,979,859	)
Net loss for the period			-				-				-				-				-				(140,415	)			(140,415	)
Balance, June 30, 2024			2				1				131,903,029				132				10,187,703				(12,308,110	)			(2,120,274	)

 

		Preferred stock								Common stock								Additional paid-in
(Restated)		Number				Amount $				Number				Amount $				capital $				Deficit $				Total $
For June 30, 2023
Balance, December 31, 2022			2				1				131,903,029				132				10,000,348				(11,239,372	)			(1,238,891	)
Net loss for the period			-				-				-				-				-				(142,411	)			(142,411	)
Balance, March 31, 2023			2				1				131,903,029				132				10,000,348				(11,381,783	)			(1,381,302	)
Balance			2				1				131,903,029				132				10,000,348				(11,381,783	)			(1,381,302	)
Net loss for the period			-				-				-				-				-				(151,030	)			(151,030	)
Balance, June 30, 2023			2				1				131,903,029				132				10,000,348				(11,532,813	)			(1,532,332	)
Balance			2				1				131,903,029				132				10,000,348				(11,532,813	)			(1,532,332	)

 

(The accompanying notes are an integral part of these condensed consolidated financial statements)

 

 

QUEST WATER GLOBAL, INC.

Consolidated Interim Statements of Cash Flows

(Expressed in US Dollars)

(Unaudited)

 

		For the six months ended June 30, 2024				For the six months ended June 30, 2023
Cash Flows from Operating Activities:
Net loss for the period		$	(472,725	)		$	(293,441	)
Depreciation			250				250
Stock based compensation			187,355				-
Changes in operating assets and liabilities:
Prepaids			(3,293	)			(3,553	)
Accounts payable and accrued liabilities			5,569				10,690
Due to related company			-				(7,538	)
Net cash provided by (used in) operating activities			(282,844	)			(293,592	)
Cash Flows from Investing Activities:
Equipment purchase			-				-
Net cash used in investing activities			-				-
Cash Flows from Financing Activities:
Advances from related parties			282,841				293,592
Net cash provided by financing activities			282,841				293,592
Change in cash			(3	)			-
Cash, beginning of period			3				-
Cash, end of period		$	-			$	-
Supplemental disclosures:
Interest paid		$	-			$	-
Income tax paid		$	-			$	-

 

(The accompanying notes are an integral part of these condensed consolidated financial statements)

 

 

QUEST WATER GLOBAL, INC.

Notes to the Condensed Consolidated Interim Financial Statements

For the Six Months Ended June 30, 2024

(Expressed in US Dollars)

 

1. Nature of Operations and Continuance of Business

 

Quest Water Global, Inc. (the “Company”) was incorporated on February 25, 2010, under the laws of the State of Delaware. The Company is an innovative water technology company that provides solutions to water scarce regions. The Company’s operations to date have been limited primarily to capital formation, organization, and development of its business plan.

 

These condensed consolidated interim financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. As at June 30, 2024, the Company has a working capital deficiency of $2,120,691 of which $2,016,284 is owed to the two principal shareholders (Note 5), and an accumulated deficit of $12,308,110. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue to develop its business and ultimately on the attainment of profitable operations. The Company has in the past, and is expected to in the future, arrange additional capital financing that may assist in addressing these issues; however, these factors continue to raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

 

2. Summary of Significant Accounting Policies

 

(a) Basis of Presentation and Principles of Consolidation

 

These condensed consolidated interim financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States (“US GAAP”) and are expressed in US dollars. These consolidated financial statements include the accounts of the Company; the Company’s wholly-owned subsidiary Quest Water Solutions, Inc., a company incorporated under the laws of the State of Nevada (“Quest Nevada”); AQUAtap Global, Inc., a company incorporated under the laws of the State of Wyoming; and Quest Nevada’s wholly-owned subsidiary, Quest Water Solutions Inc., a company incorporated under the laws of the Province of British Columbia, Canada. All inter-company balances and transactions have been eliminated on consolidation.

 

(b) Interim Financial Statements

 

The accompanying condensed consolidated interim financial statements of the Company should be read in conjunction with the consolidated financial statements and accompanying notes for the fiscal year ended December 31, 2023. In the opinion of management, the accompanying condensed consolidated interim financial statements reflect all adjustments of a recurring nature considered necessary to present fairly the Company’s financial position and the results of its operations and its cash flows for the periods shown.

 

The preparation of these condensed consolidated financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ materially from those estimates. The results of operations and cash flows for the periods shown are not necessarily indicative of the results to be expected for the full year.

 

F-6

 

 

(c) Foreign Currency Translation

 

The Company’s functional currency is US dollars. Transactions in foreign currencies are translated into the currency of measurement at the exchange rates in effect on the transaction date. Monetary balance sheet items expressed in foreign currencies are translated into US dollars at the exchange rates in effect at the balance sheet date. The resulting exchange gains and losses are recognized in income.

 

The Company’s integrated foreign subsidiaries are financially or operationally dependent on the Company. The Company uses the temporal method to translate the accounts of its integrated operations into US dollars. Monetary assets and liabilities are translated at the exchange rates in effect at the balance sheet date. Non-monetary assets and liabilities are translated at historical rates. Revenues and expenses are translated at average rates for the period, except for amortization, which is translated on the same basis as the related asset. The resulting exchange gains or losses are recognized in income.

 

(d) Stock-based Compensation

 

The Company records stock-based compensation in accordance with ASC 718, “Compensation – Stock Compensation”, using the fair value method. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.

 

The Company uses the Black-Scholes option pricing model to calculate the fair value of stock-based awards. This model is affected by the Company’s stock price as well as assumptions regarding a number of subjective variables. These subjective variables include, but are not limited to, the Company’s expected stock price volatility over the term of the awards, and actual and projected employee stock option exercise behaviors. The value of the portion of the award that is ultimately expected to vest is recognized as an expense in the consolidated statement of operations over the requisite service period.

 

(e) Recent Accounting Pronouncements

 

The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

 

3. Investment in and Due to Related Company

 

During the year ended December 31, 2019, the Company invested $7,600 in AQUAtap Oasis Partnership S.A.R.L. (“AQUAtap”), a limited liability company domiciled in the Democratic Republic of the Congo, and by doing so obtained 38% of the issued and outstanding shares in AQUAtap. The Company accounts for this investment using the equity method. During the year ended December 31, 2022, the investment balance was reduced to zero therefore the Company discontinued the equity method. The Company adjusted the loss of $42,732 and has restated the financial statements for June 30, 2023 to reflect what was previously recorded. The Company also reclassified some items for presentation purposes. The accounts impacted by the change are detailed below.

 

 Schedule of Restatement of Financial Statements

Restatement
For the Consolidated Balance Sheet for June 30, 2023		Originally Reported				Change				As Restated
ASSETS
Current assets
Cash		$	-				-			$	-
Prepaid expenses			4,647				-				4,647
Total current assets			4,647				-				4,647
Equipment, net (Note 4)			917				-				917
Total assets		$	5,564				-			$	5,564
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities
Accounts payable and accrued liabilities		$	48,388				-			$	48,388
Investment in partnership, related (Note 3)			42,732				(42,732	)			-
Due to related company (Note 3)			42,303				-				42,303
Due to related parties (Note 5)			1,447,205				-				1,447,205
Due to related parties			1,447,205				-				1,447,205
Total liabilities			1,580,628				(42,732	)			1,537,896
Stockholders’ deficit
Preferred stock, 5,000,000 shares authorized, $0.000001 par value 2 shares issued and outstanding		$	1				-			$	1
Common stock, 500,000,000 shares authorized, $0.000001 par value 131,903,029 issued and outstanding (December 31, 2022 – 131,903,029)			132				-				132
Additional paid-in capital			10,000,348				-				10,000,348
Deficit			(11,575,545	)			42,732				(11,532,813	)
Total stockholders’ deficit			(1,575,064	)			42,732				(1,532,332	)
Total liabilities and stockholders’ deficit		$	5,564				-			$	5,564

 

Consolidated Statements of Operations and Comprehensive Loss		Originally Reported				Change				As Restated
For June 30, 2023
Expenses
Automotive		$	4,607				-			$	4,607
Depreciation			250				-				250
Management fees			247,500				-				247,500
Office and miscellaneous			3,643				470				4,113
Professional fees			13,563				-				13,563
Rent			10,970				(470	)			10,500
Telephone			1,738				-				1,738
Transfer agent and filing fees			11,170				-				11,170
Total expenses			293,441				-				293,441
Loss before other income			(293,441	)			-				(293,441	)
Other income (expense)
Decrease in equity of investment in partnership			(8,752	)			8,752				-
Net loss and comprehensive loss		$	(302,193	)			8,752			$	(293,441	)
Net loss per share, basic and diluted		$	(0.002	)						$	(0.002	)
Weighted average number of shares outstanding, basic and diluted			131,903,029								131,903,029

 

F-7

 

 

		Originally
Consolidated Statements of Cash Flows for June 30, 2023		Reported				Change				As Restated
Operating Activities:
Net loss for the period		$	(302,193	)		$	8,752				(293,441	)
Decrease in equity of partnership investment			8,752				(8,752	)			-
Depreciation			250				-				250
Changes in operating assets and liabilities:
Prepaids			(3,553	)			-				(3,553	)
Accounts payable and accrued liabilities			10,690				-				10,690
Due to related company			(21,359	)			-				(21,359	)
Due to related parties			293,592				(293,592	)			-
Net cash used in operating activities			-				(293,592	)			(293,592	)
Cash flows from investing activities:
Equipment purchase			-				-				-
Net cash used in investing activities			-				-				-
Cash flows from financing activities:
Advances from related parties			-				293,592				293,592
Net cash provided by financing activities			-				293,592				293,592
Change in cash			-				-				(4,227	)
Cash, beginning of period			-				-				4,227
Cash, end of period		$	-			$	–			$	-
Supplemental disclosures:
Interest paid		$	–			$	–			$	-
Income tax paid		$	–			$	–			$	-

 

The due to related company amounts pertain to funds received on behalf of AQUAtap relating to rights agreements for water units. As at June 30, 2024, a balance of $41,273 (December 31, 2023 - $41,273) was owing to AQUAtap.

 

4. Equipment

 

Equipment is depreciated over its useful life of three years.

 Schedule of Equipment

				June 30,				December 31,
				2024				2023
Computer		Cost		$	1,500			$	1,500
		Depreciation			1,083				833
		Net		$	417			$	667

 

F-8

 

 

5. Related Party Transactions

 

(a)	As at June 30, 2024, a total of $948,030 (June 30, 2023 - $643,910) was owed to the President of the Company, which is non-interest bearing, unsecured, and due on demand.
(b)	As at June 30, 2024, a total of $1,068,254 (June 30, 2023 - $803,295) was owed to the Vice President of the Company, which is non-interest bearing, unsecured, and due on demand.
(c)	For the six months ended June 30, 2024, the Company incurred a total of $247,500 (June 30, 2023 - $247,500) in management fees to the President and the Vice President of the Company.
(d)	For the six months ended June 30, 2023, the Company incurred $10,500 in rent to the Vice President of the Company. The rent was payable for a residential office on a month-to-month basis. At December 31, 2023, the arrangement was terminated.

 

6. Common Stock

 

At June 30, 2024, the Company had 131,903,029 shares of common stock outstanding (December 31, 2023 - 131,903,029 shares).

 

The calculation of the basic and diluted loss per share for the six months ended June 30, 2024 was based on the loss attributable to common stockholders of $472,725 (December 31, 2023 - $596,013) and a weighted average number of shares of common stock outstanding of 131,903,029 (December 31, 2023 - 131,903,029 shares).

 

At June 30, 2024, 10,050,000 stock options were excluded from the diluted weighted average number of shares calculation as their effect would have been anti-dilutive (December 31, 2023 - 6,300,000 stock options).

 

7. Share Based Payments

 

Stock Options

 

The Company adopted a stock option plan in May 2012 (the “Plan”) under which it is authorized to grant options to directors, officers, employees and consultants enabling them to acquire up to a maximum of 10% of the issued and outstanding common stock of the Company. The options can be granted for a maximum term of 10 years and vest as determined by the board of directors.

 

F-9

 

 

Stock option transactions are summarized as follows:

 Schedule of Stock Option Transactions

		Number of				Weighted Average
		Options				Exercise Price
Balance, December 31, 2022			6,300,000			$	0.10
Balance, December 31, 2023			6,300,000			$	0.10
Granted			3,750,000				0.10
Balance, June 30, 2024			10,050,000			$	0.10
Exercisable at June 30, 2024			10,050,000			$	0.10
Weighted average fair value of options granted						$	0.10

 

The following weighted average assumption were used for the Black-Scholes valuation of the stock options granted:

Schedule of Weighted Average Assumption of Stock Option Granted 

		June 30, 2024				December 31, 2023
Risk-free interest rate			4.02	%			3.17	%
Expected life of options			5 Years				5 Years
Annualized volatility			294.32	%			306.66	%
Dividend rate			Nil				Nil

 

The stock options granted effective January 4, 2024 have a 5 year period during which they may be exercised. The share price at the time of the grant was $0.05 per share. The stock options have an exercise price of $0.10 per share and have a remaining life of 4.50 years. The awards are Level 3 with non-recuring valuation.

 

The stock options outstanding and exercisable at December 31, 2023 were granted effective July 20, 2022 and have a 5 year period during which they may be exercised. The share price at the time of the grant was $0.10 per share. The stock options have an exercise price of $0.10 per share and have a remaining life of 3.04 years. The awards are Level 3 with non-recuring valuation.

 

8. Operating Segment

 

The Company has only one operating segment, that being the construction and distribution of water equipment that provides drinking water to areas of the world where water and/or infrastructure is scarce. Currently the only customer is a related company in the Democratic Republic of Congo.

 

9. South African Partnership

 

On October 12, 2023, the Company entered into a partnership with Yonga Industries (Pty) Ltd. and Yorown Energy (Pty) Ltd. to form AQUAtap Oasis South Africa (Pty) Ltd. The Company holds a 49% interest in AQUAtap Oasis South Africa (Pty) Ltd., and the purpose of the partnership is to bring about positive social change by supplying and distributing affordable clean water to underserved communities throughout South Africa. The Company accounts for this investment using the equity method. As at June 30, 2024, there were no transactions.

 

10. Subsequent Event

 

The Company has evaluated all subsequent events as of the date that these financial statements were available to be issued and has determined that there are no events that require disclosure as of the date of issuance.

 

 

PRESENTATION OF INFORMATION

 

As used in this quarterly report, the terms “we”, “us”, “our” and the “Company” mean Quest Water Global, Inc. and its consolidated subsidiaries, unless otherwise indicated.

 

This quarterly report includes our condensed consolidated interim financial statements as at and for the period ended June 30, 2024. These financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“US GAAP”). All financial information in this quarterly report is presented in U.S. dollars, unless otherwise indicated, and should be read in conjunction with the financial statements and the notes thereto included in this quarterly report.

 

As disclosed in our current report on Form 8-K dated January 10, 2012, on January 6, 2012, we completed a share exchange with Quest Water Solutions, Inc. (“Quest NV”), a Nevada corporation that is now our wholly owned subsidiary and operating business (the “Share Exchange”). The Share Exchange was treated as a recapitalization effected through a share exchange, with Quest NV as the accounting acquirer and the Company as the accounting acquiree. Our consolidated financial statements are therefore, in substance, those of Quest NV.

 

FORWARD-LOOKING STATEMENTS

 

This quarterly report, any supplement to this quarterly report, and any documents incorporated by reference in this quarterly report, include “forward-looking statements”. To the extent that the information presented in this quarterly report discusses financial projections, information or expectations about our business plans, results of operations, products or markets, or otherwise makes statements about future events, such statements are forward-looking. Such forward-looking statements can be identified by the use of words such as “intends”, “anticipates”, “believes”, “estimates”, “projects”, “forecasts”, “expects”, “plans” and “proposes”. Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements.

 

The forward-looking statements made in this quarterly report relate only to events or information as of the date on which the statements are made. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. You should read this quarterly report and the documents that we reference in this quarterly report and have filed as exhibits with the understanding that our actual future results may be materially different from what we expect. You should not rely upon forward-looking statements as predictions of future events.

 

 

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

The following discussion and analysis of our results of operations and financial condition has been derived from and should be read in conjunction with our interim unaudited condensed consolidated financial statements and the related notes thereto that appear elsewhere in this quarterly report, as well as the “Presentation of Information” section that appears at the beginning of this quarterly report.

 

Overview

 

We are an innovative water technology company that provides sustainable and environmentally sound solutions to water-scarce regions. We use proven technologies to create economically viable products that address the critical shortage of clean drinking water in both domestic and foreign emerging markets.

 

Our goal is to address the vital issue of water quality and water supply by providing an alternative, sustainable source of pure water at the smallest possible environmental cost to global areas in need, while becoming a leading company in providing decentralized, turn-key solutions using alternative energy for the purification, desalination and distribution of clean drinking water.

 

We focus on the manufacture and sale of two products: our AQUAtap^TM Community Water Purification and Distribution system and our WEPS^TM (atmospheric Water Extraction and Purification System). Our AQUAtap^TM system is an autonomous, decentralized, self-contained, solar-powered water purification and distribution system, while our WEPS^TM is a unique, proprietary water extraction and purification system that produces clean drinking water from humidity in the atmosphere.

 

To date, we have focused our activities on the formation of safe water partnerships and the sale and installation of our products, with emphasis on our AQUAtap^TM Community Water Purification & Distribution systems throughout North America, Latin America, the Caribbean and Africa, with specific attention to the Democratic Republic of the Congo (the “DRC”), Angola and South Africa.

 

Corporate History and Background

 

We were incorporated under the laws of Delaware on February 25, 2010. Prior to the Share Exchange, we had minimal revenue and our operations were limited to capital formation, organization and development of our business plan. As a result of the Share Exchange, we ceased our prior operations and, through Quest NV, we now operate as an innovative water technology company that provides sustainable and environmentally sound solutions to water-scarce regions.

 

Quest NV was incorporated under the laws of Nevada on October 20, 2008 and commenced operations on February 20, 2009. Its operations to date have consisted of business formation, strategic development, marketing, technologies development, negotiations with technologies companies and capital raising activities. Quest NV has not generated any revenues since its inception.

 

Acquisition of Quest NV

 

On January 6, 2012, we completed the Share Exchange whereby we acquired all of the issued and outstanding capital stock of Quest NV in exchange for 2,568,493 shares of our common stock (on a pre-forward split basis), or approximately 62.74% of our issued and outstanding common stock as of the consummation of the Share Exchange. Subsequent to the Share Exchange, we completed a 20 for 1 forward split of our common stock (the “Forward Split”) that became effective on March 1, 2012. Pursuant to the Forward Split, the 2,568,493 shares described above increased to 51,369,860 shares.

 

As a result of the Share Exchange, Quest NV became our wholly owned subsidiary, John Balanko and Peter Miele became our directors, officers and principal stockholders, and we assumed the business and operations of Quest NV. The Share Exchange was treated as a recapitalization effected through a share exchange, with Quest NV as the accounting acquirer and the Company as the accounting acquiree.

 

 

AQUAtap Global

 

In July 2021, we incorporated a new operating subsidiary, AQUAtap Global, Inc., a Wyoming corporation (“AQUAtap”). Through this entity, we expect to coordinate, facilitate and manage our current, planned and future safe water partnerships throughout Africa, Latin America and the Caribbean that provide clean water initiatives for underserved communities. AQUAtap, together with its strategic global partners, plans to establish separate partnerships in each country in which it plans to operate and engage experienced local individuals and organizations for operational expertise. We anticipate that this will enable these partnerships to enter into public-private partnerships (commonly known as PPPs) with NGOs, strategic investors and various levels of government.

 

Quest Water Solutions Inc., a British Columbia, Canada corporation and wholly owned subsidiary of Quest NV (“Quest BC”), will remain as the technology provider to our safe water initiatives. Quest BC is responsible for designing, engineering and manufacturing our range of products, and it also sells these water technology products directly to end users through our corporate sales & marketing divisions and through global distributors and agents.

 

Results of Operations

 

For the Three Months Ended June 30, 2024

 

Revenue

 

We did not generate any revenue during the three months ended June 30, 2024 or 2023. We anticipate that we will incur substantial losses for the foreseeable future and our ability to generate any revenues in the next 12 months continues to be uncertain.

 

Expenses

 

During the three months ended June 30, 2024, we incurred $140,415 in total expenses, including $123,750 in management fees, $8,374 in professional fees, $5,791 in transfer agent and filing fees, $941 in office and miscellaneous expenses, $806 in automotive expenses, $628 in telephone expenses and $125 in depreciation. During the same period in the prior year, we incurred $151,030 in total expenses, including $123,750 in management fees, $10,594 in professional fees, $6,412 in transfer agent and filing fees, $5,250 in rent, $2,148 in automotive expenses, $1,935 in office and miscellaneous expenses, $816 in telephone expenses and $125 in depreciation. Our expenses were therefore relatively consistent between the two periods.

 

Net Loss

 

During the three months ended June 30, 2024, we incurred a net loss of $140,415, whereas we incurred a net loss of $151,030 during the same period in the prior year. Our net loss per share during each of the three months ended June 30, 2024 and 2023 was $0.001.

 

For the Six Months Ended June 30, 2024

 

Revenue

 

We did not generate any revenue during the six months ended June 30, 2024 or 2023. As described above, we anticipate that we will incur substantial losses for the foreseeable future and our ability to generate any revenues in the next 12 months continues to be uncertain.

 

Expenses

 

During the six months ended June 30, 2024, we incurred $472,725 in total expenses, including $247,500 in management fees, $187,355 in consulting fees, $22,306 in professional fees, $10,346 in transfer agent and filing fees, $1,758 in office and miscellaneous expenses, $1,692 in automotive expenses, $1,518 in telephone expenses and $250 in depreciation. During the same period in the prior year, we incurred $293,441 in total expenses, including $247,500 in management fees, $13,563 in professional fees, $11,170 in transfer agent and filing fees, $10,500 in rent, $4,607 in automotive expenses, $4,113 in office and miscellaneous expenses, $1,738 in telephone expenses and $250 in depreciation.

 

 

Except for the significant consulting fees we incurred during the current year, which was entirely attributable to the granting of an aggregate of 3,750,000 options which vested during the first quarter, and an increase in our professional fees that was associated with having our financial statements for the year ended December 31, 2022 re-audited, our expenses were relatively consistent between the two periods.

 

Net Loss

 

During the six months ended June 30, 2024, we incurred a net loss of $472,725 and a net loss per share of $0.004, whereas we incurred a net loss of $293,441 and a net loss per share of $0.002 during the same period in the prior year. The increase was substantially attributable to the increase in our stock-based compensation expense from period-to-period as described above.

 

Liquidity and Capital Resources

 

As of June 30, 2024 we had $Nil in cash, $5,239 in total assets, $2,125,513 in total liabilities and a working capital deficiency of $2,120,691. As of that date, we also had an accumulated deficit of $12,308,110.

 

To date, we have experienced negative cash flows from operations and we have been dependent on sales of our common stock and capital contributions to fund our operations. We expect this situation to continue for the foreseeable future, and we anticipate that we will experience negative cash flows during the year ended December 31, 2024.

 

During the six months ended June 30, 2024, we used $282,844 in net cash on operating activities, compared to $293,592 in net cash used on operating activities during the same period in the prior year. Our net cash spending on operating activities during the two fiscal years was therefore reasonably consistent.

 

We did not use any net cash on investing activities during the six months ended June 30, 2024 or 2023.

 

We received $282,841 in net cash from financing activities during the six months ended June 30, 2024, all of which was in the form of advances from related parties. During the same period in the prior year, we received $293,592 in net cash from financing activities, all of which was also in the form of advances from related parties.

 

During the six months ended June 30, 2024, our cash decreased by $3 as a result of our operating activities. As of June 30, 2024, we did not have sufficient cash resources to meet our operating expenses for the next month based on our then-current burn rate.

 

Plan of Operations

 

Our plan of operations over the next 12 months is to continue to address water quality and supply issues in the DRC through the installation of our AQUAtap^TM Community Water Purification & Distribution systems as well as the employment of our WEPS^TM technology, and we anticipate that we will require a minimum of $990,000 to pursue those plans.

 

We intend to meet the balance of our cash requirements for the next 12 months through advances from related parties as well as a combination of debt financing and equity financing through private placements as circumstances allow. We are presently in the process of contacting broker/dealers in Canada and elsewhere regarding possible financing arrangements. There is no assurance that we will be successful in completing any private placement or other financings. If we are unsuccessful in obtaining sufficient funds through our capital raising efforts, we may review other financing options.

 

 

During the next 12 months, we estimate that our planned expenditures will include the following:

 

Description		Amount ($)
Equipment purchases			250,000
Management fees			495,000
Consulting fees			120,000
Professional fees			50,000
Advertising and promotion expenses			15,000
Travel and automotive expenses			30,000
Other general and administrative expenses			30,000
Total			990,000

 

Going Concern

 

Our financial statements have been prepared on a going concern basis, which implies we will continue to realize our assets and discharge our liabilities in the normal course of business. As at June 30, 2024, we had a working capital deficiency of $2,120,691 and an accumulated deficit of $12,308,110. Our continuation as a going concern is dependent upon the continued financial support from our creditors, our ability to obtain necessary equity financing to continue operations, and ultimately on the attainment of profitable operations. These factors raise substantial doubt regarding our ability to continue as a going concern. Our financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should we be unable to continue as a going concern.

 

Off-Balance Sheet Arrangements

 

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

 

Critical Accounting Policies

 

We have identified certain accounting policies, described below, that are important to the portrayal of our current financial condition and results of operations.

 

Basis of Presentation and Consolidation

 

The Company’s condensed consolidated interim financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States, and are expressed in US dollars. The condensed consolidated financial statements include the accounts of the Company; the Company’s wholly-owned subsidiaries Quest Water Solutions, Inc., a company incorporated under the laws of the State of Nevada (“Quest Nevada”), and AQUAtap Global, Inc., a company incorporated under the laws of the State of Wyoming; and Quest Nevada’s wholly owned subsidiary, Quest Water Solutions Inc., a company incorporated under the laws of the province of British Columbia, Canada. All inter-company balances and transactions have been eliminated on consolidation.

 

 

Foreign Currency Translation

 

The Company’s functional currency is US dollars. Transactions in foreign currencies are translated into the currency of measurement at the exchange rates in effect on the transaction date. Monetary balance sheet items expressed in foreign currencies are translated into US dollars at the exchange rates in effect at the balance sheet date. The resulting exchange gains and losses are recognized in income.

 

The Company’s integrated foreign subsidiaries are financially or operationally dependent on the Company. The Company uses the temporal method to translate the accounts of its integrated operations into US dollars. Monetary assets and liabilities are translated at the exchange rates in effect at the balance sheet date. Non-monetary assets and liabilities are translated at historical rates. Revenues and expenses are translated at average rates for the period, except for amortization, which is translated on the same basis as the related asset. The resulting exchange gains or losses are recognized in income.

 

Item 3. Quantitative and Qualitative Disclosures About Market Risk

 

Not required.

 

Item 4. Controls and Procedures

 

Disclosure Controls and Procedures

 

We maintain disclosure controls and procedures, as defined in Rule 13a-15(e) and Rule 15d-15(e) under the Securities Exchange Act of 1934 (the “Exchange Act”), that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC, and that such information is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow for timely decisions regarding required disclosure.

 

As of the end of the period covered by this report, management, with the participation of our Chief Executive and Chief Financial Officer, carried out an evaluation of the effectiveness of our disclosure controls and procedures. Based upon this evaluation, management concluded that our disclosure controls and procedures were not effective due to certain deficiencies in our internal control over financial reporting.

 

Internal Control over Financial Reporting

 

There were no changes in our internal control over financial reporting (as defined in Rule 13a-15(e) and Rule 15d-15(e) under the Exchange Act) during the period ended June 30, 2024 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

 

PART II – OTHER INFORMATION

 

Item 1. Legal Proceedings

 

We are currently not involved in any litigation that we believe could have a materially adverse effect on our financial condition or results of operations. There is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of our executive officers or any of our subsidiaries, threatened against or affecting us, our common stock, any of our subsidiaries or our officers or directors of those of our subsidiaries’ in their capacities as such, in which an adverse decision could have a material adverse effect.

 

Item 1A. Risk Factors

 

Not applicable.

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

 

None.

 

Item 3. Defaults Upon Senior Securities

 

None.

 

Item 4. Mine Safety Disclosures

 

Not applicable.

 

Item 5. Other Information

 

None.

 

Item 6. Exhibits

 

The following documents are filed as a part of this quarterly report.

 

Exhibit Number		Description of Exhibit
31.1		Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2		Certification of the Chief Financial Officer pursuant to Rule 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1		Certification of the Chief Executive Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2		Certification of the Chief Financial Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS		Inline XBRL Instance Document
101.SCH		Inline XBRL Taxonomy Extension Schema
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase
101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase
101.LAB		Inline XBRL Taxonomy Extension Label Linkbase
101.PRE		Inline XBRL Taxonomy Presentation Linkbase
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

Date: August 19, 2024	QUEST WATER GLOBAL, INC.
	By:	/s/ John Balanko
		John Balanko
		Chairman, President, Chief Executive Officer, Director

 

 

Exhibit 31.1

 

Certification of the Chief Executive Officer pursuant to Rule 13a-14(A) or 15d-14(A) under

the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 

I, John Balanko, certify that:

 

1.	I have reviewed this quarterly report on Form 10-Q of Quest Water Global, Inc. (the “Registrant”);

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant, as of, and for, the periods presented in this report;

 

4.

The Registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

 

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c)

Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

(d)

Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect the Registrant’s internal control over financial reporting; and

 

5.	The Registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

 

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

 

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

 

Dated: August 19, 2024

 

By:	/s/ John Balanko
	John Balanko
	Chairman, President, Chief Executive Officer, Director

 

 

Exhibit 31.2

 

Certification of the Chief Financial Officer pursuant to Rule 13a-14(A) or 15d-14(A) under

the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 

I, Peter Miele, certify that:

 

1.	I have reviewed this quarterly report on Form 10-Q of Quest Water Global, Inc. (the “Registrant”);

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant, as of, and for, the periods presented in this report;

 

4.

The Registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

 

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c)

Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

(d)

Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect the Registrant’s internal control over financial reporting; and

 

5.	The Registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

 

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

 

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

 

Dated: August 19, 2024

 

By:	/s/ Peter Miele
	Peter Miele
	Vice President, Chief Financial Officer, Secretary, Director

 

 

 

Exhibit 32.1

 

Certification of the Chief Executive Officer pursuant to 18 U.S.C. 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

In connection with the quarterly report of Quest Water Global, Inc. (the “Registrant”) on Form 10-Q for the period ended June 30, 2024 as filed with the Securities and Exchange Commission (the “Report”), I, John Balanko, certify pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge

 

1.	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

2.	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

 

Dated: August 19, 2024

 

By:	/s/ John Balanko
	John Balanko
	Chairman, President, Chief Executive Officer, Director

 

 

 

Exhibit 32.2

 

Certification of the Chief Financial Officer pursuant to 18 U.S.C. 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

In connection with the quarterly report of Quest Water Global, Inc. (the “Registrant”) on Form 10-Q for the period ended June 30, 2024 as filed with the Securities and Exchange Commission (the “Report”), I, Peter Miele, certify pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge

 

1.	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

2.	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

 

Dated: August 19, 2024

 

By:	/s/ Peter Miele
	Peter Miele
	Vice President, Chief Financial Officer, Secretary, Director

 

 

v3.24.2.u1

Cover - shares	6 Months Ended
	Jun. 30, 2024	Aug. 19, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	000-56480
Entity Registrant Name	QUEST WATER GLOBAL, INC.
Entity Central Index Key	0001487091
Entity Tax Identification Number	27-1994359
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	Suite 209 – 828 Harbourside Drive
Entity Address, City or Town	North Vancouver
Entity Address, State or Province	BC
Entity Address, Country	CA
Entity Address, Postal Zip Code	V7P 3R9
City Area Code	(888)
Local Phone Number	897-5536
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		131,903,029

v3.24.2.u1

Condensed Consolidated Interim Balance Sheets - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Current assets
Cash		$ 3
Prepaid expenses	4,822	1,529
Total Current Assets	4,822	1,532
Equipment, net (Note 4)	417	667
Total assets	5,239	2,199
Current liabilities
Accounts payable and accrued liabilities	67,956	62,387
Total liabilities	2,125,513	1,837,103
Commitments and Contingencies
Stockholders’ deficit
Preferred stock, 5,000,000 shares authorized, $0.000001 par value 2 shares issued and outstanding	1	1
Common stock, 500,000,000 shares authorized, $0.000001 par value 131,903,029 issued and outstanding (December 31, 2023 – 131,903,029)	132	132
Additional paid-in capital	10,187,703	10,000,348
Deficit	(12,308,110)	(11,835,385)
Total stockholders’ deficit	(2,120,274)	(1,834,904)
Total liabilities and stockholders’ deficit	5,239	2,199
Related Company [Member]
Current liabilities
Due to related parties	41,273	41,273
Related Party [Member]
Current liabilities
Due to related parties	$ 2,016,284	$ 1,733,443

v3.24.2.u1

Condensed Consolidated Interim Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock, shares authorized	5,000,000	5,000,000	5,000,000
Preferred stock, par value	$ 0.000001	$ 0.000001	$ 0.000001
Preferred stock, shares issued	2	2	2
Preferred stock, shares outstanding	2	2	2
Common stock, shares authorized	500,000,000	500,000,000	500,000,000
Common stock, par value	$ 0.000001	$ 0.000001	$ 0.000001
Common stock, shares issued	131,903,029	131,903,029	131,903,029	131,903,029
Common stock, shares outstanding	131,903,029	131,903,029	131,903,029	131,903,029

v3.24.2.u1

Condensed Consolidated Interim Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Expenses
Automotive	$ 806	$ 2,148	$ 1,692	$ 4,607
Depreciation	125	125	250	250
Management fees	123,750	123,750	247,500	247,500
Office and miscellaneous	941	1,935	1,758	4,113
Professional fees	8,374	10,594	22,306	13,563
Rent		5,250		10,500
Telephone	628	816	1,518	1,738
Transfer agent and filing fees	5,791	6,412	10,346	11,170
Consulting fees			187,355
Total expenses	140,415	151,030	472,725	293,441
Loss before other income	(140,415)	(151,030)	(472,725)	(293,441)
Net loss and comprehensive loss	$ (140,415)	$ (151,030)	$ (472,725)	$ (293,441)
Net loss per share, basic	$ (0.001)	$ (0.001)	$ (0.004)	$ (0.002)
Net loss per share, diluted	$ (0.001)	$ (0.001)	$ (0.004)	$ (0.002)
Weighted average number of shares outstanding, basic	131,903,029	131,903,029	131,903,029	131,903,029
Weighted average number of shares outstanding, diluted	131,903,029	131,903,029	131,903,029	131,903,029

v3.24.2.u1

Condensed Consolidated Interim Statements of Stockholder's Deficit (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2022	$ 1	$ 132	$ 10,000,348	$ (11,239,372)	$ (1,238,891)
Balance, shares at Dec. 31, 2022	2	131,903,029
Net loss for the period				(142,411)	(142,411)
Balance at Mar. 31, 2023	$ 1	$ 132	10,000,348	(11,381,783)	(1,381,302)
Balance, shares at Mar. 31, 2023	2	131,903,029
Balance at Dec. 31, 2022	$ 1	$ 132	10,000,348	(11,239,372)	(1,238,891)
Balance, shares at Dec. 31, 2022	2	131,903,029
Net loss for the period					(293,441)
Balance at Jun. 30, 2023	$ 1	$ 132	10,000,348	(11,532,813)	(1,532,332)
Balance, shares at Jun. 30, 2023	2	131,903,029
Balance at Mar. 31, 2023	$ 1	$ 132	10,000,348	(11,381,783)	(1,381,302)
Balance, shares at Mar. 31, 2023	2	131,903,029
Net loss for the period				(151,030)	(151,030)
Balance at Jun. 30, 2023	$ 1	$ 132	10,000,348	(11,532,813)	(1,532,332)
Balance, shares at Jun. 30, 2023	2	131,903,029
Balance at Dec. 31, 2023	$ 1	$ 132	10,000,348	(11,835,385)	(1,834,904)
Balance, shares at Dec. 31, 2023	2	131,903,029
Stock based compensation			187,355		187,355
Net loss for the period				(332,310)	(332,310)
Balance at Mar. 31, 2024	$ 1	$ 132	10,187,703	(12,167,695)	(1,979,859)
Balance, shares at Mar. 31, 2024	2	131,903,029
Balance at Dec. 31, 2023	$ 1	$ 132	10,000,348	(11,835,385)	(1,834,904)
Balance, shares at Dec. 31, 2023	2	131,903,029
Net loss for the period					(472,725)
Balance at Jun. 30, 2024	$ 1	$ 132	10,187,703	(12,308,110)	(2,120,274)
Balance, shares at Jun. 30, 2024	2	131,903,029
Balance at Mar. 31, 2024	$ 1	$ 132	10,187,703	(12,167,695)	(1,979,859)
Balance, shares at Mar. 31, 2024	2	131,903,029
Net loss for the period				(140,415)	(140,415)
Balance at Jun. 30, 2024	$ 1	$ 132	$ 10,187,703	$ (12,308,110)	$ (2,120,274)
Balance, shares at Jun. 30, 2024	2	131,903,029

v3.24.2.u1

Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flows from Operating Activities:
Net loss for the period	$ (472,725)	$ (293,441)
Depreciation	250	250
Stock based compensation	187,355
Changes in operating assets and liabilities:
Prepaids	(3,293)	(3,553)
Accounts payable and accrued liabilities	5,569	10,690
Due to related company		(7,538)
Net cash provided by (used in) operating activities	(282,844)	(293,592)
Cash Flows from Investing Activities:
Equipment purchase
Net cash used in investing activities
Cash Flows from Financing Activities:
Advances from related parties	282,841	293,592
Net cash provided by financing activities	282,841	293,592
Change in cash	(3)
Cash, beginning of period	3
Cash, end of period
Supplemental disclosures:
Interest paid
Income tax paid

v3.24.2.u1

Nature of Operations and Continuance of Business	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Continuance of Business	1. Nature of Operations and Continuance of Business   Quest Water Global, Inc. (the “Company”) was incorporated on February 25, 2010, under the laws of the State of Delaware. The Company is an innovative water technology company that provides solutions to water scarce regions. The Company’s operations to date have been limited primarily to capital formation, organization, and development of its business plan.   These condensed consolidated interim financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. As at June 30, 2024, the Company has a working capital deficiency of $2,120,691 of which $2,016,284 is owed to the two principal shareholders (Note 5), and an accumulated deficit of $12,308,110. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue to develop its business and ultimately on the attainment of profitable operations. The Company has in the past, and is expected to in the future, arrange additional capital financing that may assist in addressing these issues; however, these factors continue to raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

v3.24.2.u1

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies   (a) Basis of Presentation and Principles of Consolidation   These condensed consolidated interim financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States (“US GAAP”) and are expressed in US dollars. These consolidated financial statements include the accounts of the Company; the Company’s wholly-owned subsidiary Quest Water Solutions, Inc., a company incorporated under the laws of the State of Nevada (“Quest Nevada”); AQUAtap Global, Inc., a company incorporated under the laws of the State of Wyoming; and Quest Nevada’s wholly-owned subsidiary, Quest Water Solutions Inc., a company incorporated under the laws of the Province of British Columbia, Canada. All inter-company balances and transactions have been eliminated on consolidation.   (b) Interim Financial Statements   The accompanying condensed consolidated interim financial statements of the Company should be read in conjunction with the consolidated financial statements and accompanying notes for the fiscal year ended December 31, 2023. In the opinion of management, the accompanying condensed consolidated interim financial statements reflect all adjustments of a recurring nature considered necessary to present fairly the Company’s financial position and the results of its operations and its cash flows for the periods shown.   The preparation of these condensed consolidated financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ materially from those estimates. The results of operations and cash flows for the periods shown are not necessarily indicative of the results to be expected for the full year.     (c) Foreign Currency Translation   The Company’s functional currency is US dollars. Transactions in foreign currencies are translated into the currency of measurement at the exchange rates in effect on the transaction date. Monetary balance sheet items expressed in foreign currencies are translated into US dollars at the exchange rates in effect at the balance sheet date. The resulting exchange gains and losses are recognized in income.   The Company’s integrated foreign subsidiaries are financially or operationally dependent on the Company. The Company uses the temporal method to translate the accounts of its integrated operations into US dollars. Monetary assets and liabilities are translated at the exchange rates in effect at the balance sheet date. Non-monetary assets and liabilities are translated at historical rates. Revenues and expenses are translated at average rates for the period, except for amortization, which is translated on the same basis as the related asset. The resulting exchange gains or losses are recognized in income.   (d) Stock-based Compensation   The Company records stock-based compensation in accordance with ASC 718, “Compensation – Stock Compensation”, using the fair value method. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.   The Company uses the Black-Scholes option pricing model to calculate the fair value of stock-based awards. This model is affected by the Company’s stock price as well as assumptions regarding a number of subjective variables. These subjective variables include, but are not limited to, the Company’s expected stock price volatility over the term of the awards, and actual and projected employee stock option exercise behaviors. The value of the portion of the award that is ultimately expected to vest is recognized as an expense in the consolidated statement of operations over the requisite service period.   (e) Recent Accounting Pronouncements   The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

v3.24.2.u1

Investment in and Due to Related Company	6 Months Ended
	Jun. 30, 2024
Investments, All Other Investments [Abstract]
Investment in and Due to Related Company	3. Investment in and Due to Related Company   During the year ended December 31, 2019, the Company invested $7,600 in AQUAtap Oasis Partnership S.A.R.L. (“AQUAtap”), a limited liability company domiciled in the Democratic Republic of the Congo, and by doing so obtained 38% of the issued and outstanding shares in AQUAtap. The Company accounts for this investment using the equity method. During the year ended December 31, 2022, the investment balance was reduced to zero therefore the Company discontinued the equity method. The Company adjusted the loss of $42,732 and has restated the financial statements for June 30, 2023 to reflect what was previously recorded. The Company also reclassified some items for presentation purposes. The accounts impacted by the change are detailed below.    Schedule of Restatement of Financial Statements Restatement                   For the Consolidated Balance Sheet for June 30, 2023   Originally Reported     Change     As Restated                       ASSETS                         Current assets                         Cash   $ -       -     $ -   Prepaid expenses     4,647       -       4,647   Total current assets     4,647       -       4,647   Equipment, net (Note 4)     917       -       917   Total assets   $ 5,564       -     $ 5,564                             LIABILITIES AND STOCKHOLDERS’ DEFICIT                         Current liabilities                         Accounts payable and accrued liabilities   $ 48,388       -     $ 48,388   Investment in partnership, related (Note 3)     42,732       (42,732 )     -   Due to related company (Note 3)     42,303       -       42,303   Due to related parties (Note 5)     1,447,205       -       1,447,205   Due to related parties     1,447,205       -       1,447,205   Total liabilities     1,580,628       (42,732 )     1,537,896                             Stockholders’ deficit                         Preferred stock, 5,000,000 shares authorized, $0.000001 par value 2 shares issued and outstanding   $ 1       -     $ 1   Common stock, 500,000,000 shares authorized, $0.000001 par value 131,903,029 issued and outstanding (December 31, 2022 – 131,903,029)     132       -       132   Additional paid-in capital     10,000,348       -       10,000,348   Deficit     (11,575,545 )     42,732       (11,532,813 ) Total stockholders’ deficit     (1,575,064 )     42,732       (1,532,332 ) Total liabilities and stockholders’ deficit   $ 5,564       -     $ 5,564     Consolidated Statements of Operations and Comprehensive Loss   Originally Reported     Change     As Restated                       For June 30, 2023                                                   Expenses                         Automotive   $ 4,607       -     $ 4,607   Depreciation     250       -       250   Management fees     247,500       -       247,500   Office and miscellaneous     3,643       470       4,113   Professional fees     13,563       -       13,563   Rent     10,970       (470 )     10,500   Telephone     1,738       -       1,738   Transfer agent and filing fees     11,170       -       11,170   Total expenses     293,441       -       293,441                             Loss before other income     (293,441 )     -       (293,441 ) Other income (expense)                         Decrease in equity of investment in partnership     (8,752 )     8,752       -                             Net loss and comprehensive loss   $ (302,193 )     8,752     $ (293,441 )                           Net loss per share, basic and diluted   $ (0.002 )           $ (0.002 )                           Weighted average number of shares outstanding, basic and diluted     131,903,029               131,903,029           Originally               Consolidated Statements of Cash Flows for June 30, 2023   Reported     Change     As Restated                       Operating Activities:                         Net loss for the period   $ (302,193 )   $ 8,752       (293,441 ) Decrease in equity of partnership investment     8,752       (8,752 )     -   Depreciation     250       -       250   Changes in operating assets and liabilities:                         Prepaids     (3,553 )     -       (3,553 ) Accounts payable and accrued liabilities     10,690       -       10,690   Due to related company     (21,359 )     -       (21,359 ) Due to related parties     293,592       (293,592 )     -                             Net cash used in operating activities     -       (293,592 )     (293,592 )                           Cash flows from investing activities:                         Equipment purchase     -       -       -                             Net cash used in investing activities     -       -       -                             Cash flows from financing activities:                         Advances from related parties     -       293,592       293,592                             Net cash provided by financing activities     -       293,592       293,592                                                       Change in cash     -       -       (4,227 ) Cash, beginning of period     -       -       4,227                             Cash, end of period   $ -     $ –     $ -                             Supplemental disclosures:                         Interest paid   $ –     $ –     $ -   Income tax paid   $ –     $ –     $ -     The due to related company amounts pertain to funds received on behalf of AQUAtap relating to rights agreements for water units. As at June 30, 2024, a balance of $41,273 (December 31, 2023 - $41,273) was owing to AQUAtap.

v3.24.2.u1

Equipment	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Equipment	4. Equipment   Equipment is depreciated over its useful life of three years.  Schedule of Equipment         June 30,     December 31,           2024     2023   Computer   Cost   $ 1,500     $ 1,500       Depreciation     1,083       833       Net   $ 417     $ 667

v3.24.2.u1

Related Party Transactions	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	5. Related Party Transactions   (a) As at June 30, 2024, a total of $948,030 (June 30, 2023 - $643,910) was owed to the President of the Company, which is non-interest bearing, unsecured, and due on demand.     (b) As at June 30, 2024, a total of $1,068,254 (June 30, 2023 - $803,295) was owed to the Vice President of the Company, which is non-interest bearing, unsecured, and due on demand.     (c) For the six months ended June 30, 2024, the Company incurred a total of $247,500 (June 30, 2023 - $247,500) in management fees to the President and the Vice President of the Company.     (d) For the six months ended June 30, 2023, the Company incurred $10,500 in rent to the Vice President of the Company. The rent was payable for a residential office on a month-to-month basis. At December 31, 2023, the arrangement was terminated.

v3.24.2.u1

Common Stock	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Common Stock	6. Common Stock   At June 30, 2024, the Company had 131,903,029 shares of common stock outstanding (December 31, 2023 - 131,903,029 shares).   The calculation of the basic and diluted loss per share for the six months ended June 30, 2024 was based on the loss attributable to common stockholders of $472,725 (December 31, 2023 - $596,013) and a weighted average number of shares of common stock outstanding of 131,903,029 (December 31, 2023 - 131,903,029 shares).   At June 30, 2024, 10,050,000 stock options were excluded from the diluted weighted average number of shares calculation as their effect would have been anti-dilutive (December 31, 2023 - 6,300,000 stock options).

v3.24.2.u1

Share Based Payments	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Share Based Payments	7. Share Based Payments   Stock Options   The Company adopted a stock option plan in May 2012 (the “Plan”) under which it is authorized to grant options to directors, officers, employees and consultants enabling them to acquire up to a maximum of 10% of the issued and outstanding common stock of the Company. The options can be granted for a maximum term of 10 years and vest as determined by the board of directors.     Stock option transactions are summarized as follows:  Schedule of Stock Option Transactions     Number of     Weighted Average       Options     Exercise Price                 Balance, December 31, 2022     6,300,000     $ 0.10                     Balance, December 31, 2023     6,300,000     $ 0.10   Granted     3,750,000       0.10                     Balance, June 30, 2024     10,050,000     $ 0.10                     Exercisable at June 30, 2024     10,050,000     $ 0.10                     Weighted average fair value of options granted           $ 0.10     The following weighted average assumption were used for the Black-Scholes valuation of the stock options granted: Schedule of Weighted Average Assumption of Stock Option Granted      June 30, 2024     December 31, 2023                 Risk-free interest rate     4.02 %     3.17 % Expected life of options     5 Years       5 Years   Annualized volatility     294.32 %     306.66 % Dividend rate     Nil       Nil     The stock options granted effective January 4, 2024 have a 5 year period during which they may be exercised. The share price at the time of the grant was $0.05 per share. The stock options have an exercise price of $0.10 per share and have a remaining life of 4.50 years. The awards are Level 3 with non-recuring valuation.   The stock options outstanding and exercisable at December 31, 2023 were granted effective July 20, 2022 and have a 5 year period during which they may be exercised. The share price at the time of the grant was $0.10 per share. The stock options have an exercise price of $0.10 per share and have a remaining life of 3.04 years. The awards are Level 3 with non-recuring valuation.

v3.24.2.u1

Operating Segment	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Operating Segment	8. Operating Segment   The Company has only one operating segment, that being the construction and distribution of water equipment that provides drinking water to areas of the world where water and/or infrastructure is scarce. Currently the only customer is a related company in the Democratic Republic of Congo.

v3.24.2.u1

South African Partnership	6 Months Ended
	Jun. 30, 2024
South African Partnership
South African Partnership	9. South African Partnership   On October 12, 2023, the Company entered into a partnership with Yonga Industries (Pty) Ltd. and Yorown Energy (Pty) Ltd. to form AQUAtap Oasis South Africa (Pty) Ltd. The Company holds a 49% interest in AQUAtap Oasis South Africa (Pty) Ltd., and the purpose of the partnership is to bring about positive social change by supplying and distributing affordable clean water to underserved communities throughout South Africa. The Company accounts for this investment using the equity method. As at June 30, 2024, there were no transactions.

v3.24.2.u1

Subsequent Event	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Event	10. Subsequent Event   The Company has evaluated all subsequent events as of the date that these financial statements were available to be issued and has determined that there are no events that require disclosure as of the date of issuance.

v3.24.2.u1

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	(a) Basis of Presentation and Principles of Consolidation   These condensed consolidated interim financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States (“US GAAP”) and are expressed in US dollars. These consolidated financial statements include the accounts of the Company; the Company’s wholly-owned subsidiary Quest Water Solutions, Inc., a company incorporated under the laws of the State of Nevada (“Quest Nevada”); AQUAtap Global, Inc., a company incorporated under the laws of the State of Wyoming; and Quest Nevada’s wholly-owned subsidiary, Quest Water Solutions Inc., a company incorporated under the laws of the Province of British Columbia, Canada. All inter-company balances and transactions have been eliminated on consolidation.
Interim Financial Statements	(b) Interim Financial Statements   The accompanying condensed consolidated interim financial statements of the Company should be read in conjunction with the consolidated financial statements and accompanying notes for the fiscal year ended December 31, 2023. In the opinion of management, the accompanying condensed consolidated interim financial statements reflect all adjustments of a recurring nature considered necessary to present fairly the Company’s financial position and the results of its operations and its cash flows for the periods shown.   The preparation of these condensed consolidated financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ materially from those estimates. The results of operations and cash flows for the periods shown are not necessarily indicative of the results to be expected for the full year.
Foreign Currency Translation	(c) Foreign Currency Translation   The Company’s functional currency is US dollars. Transactions in foreign currencies are translated into the currency of measurement at the exchange rates in effect on the transaction date. Monetary balance sheet items expressed in foreign currencies are translated into US dollars at the exchange rates in effect at the balance sheet date. The resulting exchange gains and losses are recognized in income.   The Company’s integrated foreign subsidiaries are financially or operationally dependent on the Company. The Company uses the temporal method to translate the accounts of its integrated operations into US dollars. Monetary assets and liabilities are translated at the exchange rates in effect at the balance sheet date. Non-monetary assets and liabilities are translated at historical rates. Revenues and expenses are translated at average rates for the period, except for amortization, which is translated on the same basis as the related asset. The resulting exchange gains or losses are recognized in income.
Stock-based Compensation	(d) Stock-based Compensation   The Company records stock-based compensation in accordance with ASC 718, “Compensation – Stock Compensation”, using the fair value method. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.   The Company uses the Black-Scholes option pricing model to calculate the fair value of stock-based awards. This model is affected by the Company’s stock price as well as assumptions regarding a number of subjective variables. These subjective variables include, but are not limited to, the Company’s expected stock price volatility over the term of the awards, and actual and projected employee stock option exercise behaviors. The value of the portion of the award that is ultimately expected to vest is recognized as an expense in the consolidated statement of operations over the requisite service period.
Recent Accounting Pronouncements	(e) Recent Accounting Pronouncements   The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

v3.24.2.u1

Investment in and Due to Related Company (Tables)	6 Months Ended
	Jun. 30, 2024
Investments, All Other Investments [Abstract]
Schedule of Restatement of Financial Statements	Schedule of Restatement of Financial Statements Restatement                   For the Consolidated Balance Sheet for June 30, 2023   Originally Reported     Change     As Restated                       ASSETS                         Current assets                         Cash   $ -       -     $ -   Prepaid expenses     4,647       -       4,647   Total current assets     4,647       -       4,647   Equipment, net (Note 4)     917       -       917   Total assets   $ 5,564       -     $ 5,564                             LIABILITIES AND STOCKHOLDERS’ DEFICIT                         Current liabilities                         Accounts payable and accrued liabilities   $ 48,388       -     $ 48,388   Investment in partnership, related (Note 3)     42,732       (42,732 )     -   Due to related company (Note 3)     42,303       -       42,303   Due to related parties (Note 5)     1,447,205       -       1,447,205   Due to related parties     1,447,205       -       1,447,205   Total liabilities     1,580,628       (42,732 )     1,537,896                             Stockholders’ deficit                         Preferred stock, 5,000,000 shares authorized, $0.000001 par value 2 shares issued and outstanding   $ 1       -     $ 1   Common stock, 500,000,000 shares authorized, $0.000001 par value 131,903,029 issued and outstanding (December 31, 2022 – 131,903,029)     132       -       132   Additional paid-in capital     10,000,348       -       10,000,348   Deficit     (11,575,545 )     42,732       (11,532,813 ) Total stockholders’ deficit     (1,575,064 )     42,732       (1,532,332 ) Total liabilities and stockholders’ deficit   $ 5,564       -     $ 5,564     Consolidated Statements of Operations and Comprehensive Loss   Originally Reported     Change     As Restated                       For June 30, 2023                                                   Expenses                         Automotive   $ 4,607       -     $ 4,607   Depreciation     250       -       250   Management fees     247,500       -       247,500   Office and miscellaneous     3,643       470       4,113   Professional fees     13,563       -       13,563   Rent     10,970       (470 )     10,500   Telephone     1,738       -       1,738   Transfer agent and filing fees     11,170       -       11,170   Total expenses     293,441       -       293,441                             Loss before other income     (293,441 )     -       (293,441 ) Other income (expense)                         Decrease in equity of investment in partnership     (8,752 )     8,752       -                             Net loss and comprehensive loss   $ (302,193 )     8,752     $ (293,441 )                           Net loss per share, basic and diluted   $ (0.002 )           $ (0.002 )                           Weighted average number of shares outstanding, basic and diluted     131,903,029               131,903,029           Originally               Consolidated Statements of Cash Flows for June 30, 2023   Reported     Change     As Restated                       Operating Activities:                         Net loss for the period   $ (302,193 )   $ 8,752       (293,441 ) Decrease in equity of partnership investment     8,752       (8,752 )     -   Depreciation     250       -       250   Changes in operating assets and liabilities:                         Prepaids     (3,553 )     -       (3,553 ) Accounts payable and accrued liabilities     10,690       -       10,690   Due to related company     (21,359 )     -       (21,359 ) Due to related parties     293,592       (293,592 )     -                             Net cash used in operating activities     -       (293,592 )     (293,592 )                           Cash flows from investing activities:                         Equipment purchase     -       -       -                             Net cash used in investing activities     -       -       -                             Cash flows from financing activities:                         Advances from related parties     -       293,592       293,592                             Net cash provided by financing activities     -       293,592       293,592                                                       Change in cash     -       -       (4,227 ) Cash, beginning of period     -       -       4,227                             Cash, end of period   $ -     $ –     $ -                             Supplemental disclosures:                         Interest paid   $ –     $ –     $ -   Income tax paid   $ –     $ –     $ -

v3.24.2.u1

Equipment (Tables)	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of Equipment	Equipment is depreciated over its useful life of three years.  Schedule of Equipment         June 30,     December 31,           2024     2023   Computer   Cost   $ 1,500     $ 1,500       Depreciation     1,083       833       Net   $ 417     $ 667

v3.24.2.u1

Share Based Payments (Tables)	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Stock Option Transactions	Stock option transactions are summarized as follows:  Schedule of Stock Option Transactions     Number of     Weighted Average       Options     Exercise Price                 Balance, December 31, 2022     6,300,000     $ 0.10                     Balance, December 31, 2023     6,300,000     $ 0.10   Granted     3,750,000       0.10                     Balance, June 30, 2024     10,050,000     $ 0.10                     Exercisable at June 30, 2024     10,050,000     $ 0.10                     Weighted average fair value of options granted           $ 0.10
Schedule of Weighted Average Assumption of Stock Option Granted	The following weighted average assumption were used for the Black-Scholes valuation of the stock options granted: Schedule of Weighted Average Assumption of Stock Option Granted      June 30, 2024     December 31, 2023                 Risk-free interest rate     4.02 %     3.17 % Expected life of options     5 Years       5 Years   Annualized volatility     294.32 %     306.66 % Dividend rate     Nil       Nil

v3.24.2.u1

Nature of Operations and Continuance of Business (Details Narrative) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Working capital deficiency	$ 2,120,691
Liability of principal stockholders	2,016,284
Accumulated deficit	$ 12,308,110	$ 11,835,385

v3.24.2.u1

Schedule of Restatement of Consolidated Balance Sheet (Details) - USD ($)	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Current assets
Cash			$ 3
Prepaid expenses	4,822		1,529
Total Current Assets	4,822		1,532
Equipment, net (Note 4)	417		667
Total assets	5,239		2,199
Current liabilities
Accounts payable and accrued liabilities	67,956		62,387
Total liabilities	2,125,513		1,837,103
Stockholders’ deficit
Preferred stock, 5,000,000 shares authorized, $0.000001 par value 2 shares issued and outstanding	1		1
Common stock, 500,000,000 shares authorized, $0.000001 par value 131,903,029 issued and outstanding (December 31, 2022 – 131,903,029)	132		132
Additional paid-in capital	10,187,703		10,000,348
Deficit	(12,308,110)		(11,835,385)
Total stockholders’ deficit	(2,120,274)	$ (1,979,859)	(1,834,904)	$ (1,532,332)	$ (1,381,302)	$ (1,238,891)
Total liabilities and stockholders’ deficit	5,239		2,199
Related Company [Member]
Current liabilities
Due to related parties	41,273		41,273
Related Party [Member]
Current liabilities
Due to related parties	$ 2,016,284		$ 1,733,443
Previously Reported [Member]
Current assets
Cash
Prepaid expenses				4,647
Total Current Assets				4,647
Equipment, net (Note 4)				917
Total assets				5,564
Current liabilities
Accounts payable and accrued liabilities				48,388
Investment in partnership, related (Note 3)				42,732
Total liabilities				1,580,628
Stockholders’ deficit
Preferred stock, 5,000,000 shares authorized, $0.000001 par value 2 shares issued and outstanding				1
Common stock, 500,000,000 shares authorized, $0.000001 par value 131,903,029 issued and outstanding (December 31, 2022 – 131,903,029)				132
Additional paid-in capital				10,000,348
Deficit				(11,575,545)
Total stockholders’ deficit				(1,575,064)
Total liabilities and stockholders’ deficit				5,564
Previously Reported [Member] | Related Company [Member]
Current liabilities
Due to related parties				42,303
Previously Reported [Member] | Related Party [Member]
Current liabilities
Due to related parties				1,447,205
Revision of Prior Period, Reclassification, Adjustment [Member]
Current assets
Cash
Prepaid expenses
Total Current Assets
Equipment, net (Note 4)
Total assets
Current liabilities
Accounts payable and accrued liabilities
Investment in partnership, related (Note 3)				(42,732)
Total liabilities				(42,732)
Stockholders’ deficit
Preferred stock, 5,000,000 shares authorized, $0.000001 par value 2 shares issued and outstanding
Common stock, 500,000,000 shares authorized, $0.000001 par value 131,903,029 issued and outstanding (December 31, 2022 – 131,903,029)
Additional paid-in capital
Deficit				42,732
Total stockholders’ deficit				42,732
Total liabilities and stockholders’ deficit
Revision of Prior Period, Reclassification, Adjustment [Member] | Related Company [Member]
Current liabilities
Due to related parties
Revision of Prior Period, Reclassification, Adjustment [Member] | Related Party [Member]
Current liabilities
Due to related parties
Restated [Member]
Current assets
Cash
Prepaid expenses				4,647
Total Current Assets				4,647
Equipment, net (Note 4)				917
Total assets				5,564
Current liabilities
Accounts payable and accrued liabilities				48,388
Investment in partnership, related (Note 3)
Total liabilities				1,537,896
Stockholders’ deficit
Preferred stock, 5,000,000 shares authorized, $0.000001 par value 2 shares issued and outstanding				1
Common stock, 500,000,000 shares authorized, $0.000001 par value 131,903,029 issued and outstanding (December 31, 2022 – 131,903,029)				132
Additional paid-in capital				10,000,348
Deficit				(11,532,813)
Total stockholders’ deficit				(1,532,332)
Total liabilities and stockholders’ deficit				5,564
Restated [Member] | Related Company [Member]
Current liabilities
Due to related parties				42,303
Restated [Member] | Related Party [Member]
Current liabilities
Due to related parties				$ 1,447,205

v3.24.2.u1

Schedule of Restatement of Consolidated Balance Sheet (Details) (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Investments, All Other Investments [Abstract]
Preferred stock, shares authorized	5,000,000	5,000,000	5,000,000
Preferred stock, par value	$ 0.000001	$ 0.000001	$ 0.000001
Preferred stock, shares issued	2	2	2
Preferred stock, shares outstanding	2	2	2
Common stock, shares authorized	500,000,000	500,000,000	500,000,000
Common stock, par value	$ 0.000001	$ 0.000001	$ 0.000001
Common stock, shares issued	131,903,029	131,903,029	131,903,029	131,903,029
Common stock, shares outstanding	131,903,029	131,903,029	131,903,029	131,903,029

v3.24.2.u1

Schedule of Restatement of Consolidated Statements of Operations and Comprehensive Loss (Details) - USD ($)	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Expenses
Automotive	$ 806		$ 2,148		$ 1,692	$ 4,607
Depreciation	125		125		250	250
Management fees	123,750		123,750		247,500	247,500
Office and miscellaneous	941		1,935		1,758	4,113
Professional fees	8,374		10,594		22,306	13,563
Rent			5,250			10,500
Telephone	628		816		1,518	1,738
Transfer agent and filing fees	5,791		6,412		10,346	11,170
Total expenses	140,415		151,030		472,725	293,441
Loss before other income	(140,415)		(151,030)		(472,725)	(293,441)
Other income (expense)
Net loss and comprehensive loss	$ (140,415)	$ (332,310)	$ (151,030)	$ (142,411)	$ (472,725)	$ (293,441)
Net loss per share, basic	$ (0.001)		$ (0.001)		$ (0.004)	$ (0.002)
Net loss per share, diluted	$ (0.001)		$ (0.001)		$ (0.004)	$ (0.002)
Weighted average number of shares outstanding, basic	131,903,029		131,903,029		131,903,029	131,903,029	131,903,029
Weighted average number of shares outstanding, diluted	131,903,029		131,903,029		131,903,029	131,903,029
Previously Reported [Member]
Expenses
Automotive						$ 4,607
Depreciation						250
Management fees						247,500
Office and miscellaneous						3,643
Professional fees						13,563
Rent						10,970
Telephone						1,738
Transfer agent and filing fees						11,170
Total expenses						293,441
Loss before other income						(293,441)
Other income (expense)
Decrease in equity of investment in partnership						(8,752)
Net loss and comprehensive loss						$ (302,193)
Net loss per share, basic						$ (0.002)
Net loss per share, diluted						$ (0.002)
Weighted average number of shares outstanding, basic						131,903,029
Weighted average number of shares outstanding, diluted						131,903,029
Revision of Prior Period, Reclassification, Adjustment [Member]
Expenses
Automotive
Depreciation
Management fees
Office and miscellaneous						470
Professional fees
Rent						(470)
Telephone
Transfer agent and filing fees
Total expenses
Loss before other income
Other income (expense)
Decrease in equity of investment in partnership						8,752
Net loss and comprehensive loss						8,752
Restated [Member]
Expenses
Automotive						4,607
Depreciation						250
Management fees						247,500
Office and miscellaneous						4,113
Professional fees						13,563
Rent						10,500
Telephone						1,738
Transfer agent and filing fees						11,170
Total expenses						293,441
Loss before other income						(293,441)
Other income (expense)
Decrease in equity of investment in partnership
Net loss and comprehensive loss						$ (293,441)
Net loss per share, basic						$ (0.002)
Net loss per share, diluted						$ (0.002)
Weighted average number of shares outstanding, basic						131,903,029
Weighted average number of shares outstanding, diluted						131,903,029

v3.24.2.u1

Schedule of Restatement of Consolidated Statements of Cash Flows (Details) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Operating Activities:
Net loss for the period	$ (140,415)	$ (332,310)	$ (151,030)	$ (142,411)	$ (472,725)	$ (293,441)
Depreciation					250	250
Changes in operating assets and liabilities:
Prepaids					(3,293)	(3,553)
Accounts payable and accrued liabilities					5,569	10,690
Due to related company						(7,538)
Net cash provided by (used in) operating activities					(282,844)	(293,592)
Cash flows from investing activities:
Equipment purchase
Net cash used in investing activities
Cash flows from financing activities:
Advances from related parties					282,841	293,592
Net cash provided by financing activities					282,841	293,592
Change in cash					(3)
Cash, beginning of period		$ 3			3
Cash, end of period
Supplemental disclosures:
Interest paid
Income tax paid
Previously Reported [Member]
Operating Activities:
Net loss for the period						(302,193)
Decrease in equity of partnership investment						8,752
Depreciation						250
Changes in operating assets and liabilities:
Prepaids						(3,553)
Accounts payable and accrued liabilities						10,690
Due to related company						(21,359)
Due to related parties						293,592
Net cash provided by (used in) operating activities
Cash flows from investing activities:
Equipment purchase
Net cash used in investing activities
Cash flows from financing activities:
Advances from related parties
Net cash provided by financing activities
Change in cash
Cash, beginning of period
Cash, end of period
Supplemental disclosures:
Interest paid
Income tax paid
Revision of Prior Period, Reclassification, Adjustment [Member]
Operating Activities:
Net loss for the period						8,752
Decrease in equity of partnership investment						(8,752)
Depreciation
Changes in operating assets and liabilities:
Prepaids
Accounts payable and accrued liabilities
Due to related company
Due to related parties						(293,592)
Net cash provided by (used in) operating activities						(293,592)
Cash flows from investing activities:
Equipment purchase
Net cash used in investing activities
Cash flows from financing activities:
Advances from related parties						293,592
Net cash provided by financing activities						293,592
Change in cash
Cash, beginning of period
Cash, end of period
Supplemental disclosures:
Interest paid
Income tax paid
Restated [Member]
Operating Activities:
Net loss for the period						(293,441)
Decrease in equity of partnership investment
Depreciation						250
Changes in operating assets and liabilities:
Prepaids						(3,553)
Accounts payable and accrued liabilities						10,690
Due to related company						(21,359)
Due to related parties
Net cash provided by (used in) operating activities						(293,592)
Cash flows from investing activities:
Equipment purchase
Net cash used in investing activities
Cash flows from financing activities:
Advances from related parties						293,592
Net cash provided by financing activities						293,592
Change in cash						(4,227)
Cash, beginning of period				$ 4,227		4,227
Cash, end of period
Supplemental disclosures:
Interest paid
Income tax paid

v3.24.2.u1

Investment in and Due to Related Company (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2019
Related Company [Member]
Balance owing amount		$ 41,273	$ 41,273
Previously Reported [Member]
Adjusted loss	$ 42,732
Previously Reported [Member] | Related Company [Member]
Balance owing amount	$ 42,303
AQUAtap [Member]
Investments				$ 7,600
Equity method investment, ownership percentage				38.00%

v3.24.2.u1

Schedule of Equipment (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Computer, cost	$ 1,500	$ 1,500
Computer, depreciation	1,083	833
Computer, net	$ 417	$ 667

v3.24.2.u1

Equipment (Details Narrative)	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Estimated useful life	3 years

v3.24.2.u1

Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Related Party Transaction [Line Items]
Management fee	$ 123,750	$ 123,750	$ 247,500	$ 247,500
President [Member]
Related Party Transaction [Line Items]
Due to related parties	948,030	643,910	948,030	643,910
Vice President [Member]
Related Party Transaction [Line Items]
Due to related parties	$ 1,068,254	$ 803,295	1,068,254	803,295
Payment of rent				10,500
President and Vice President [Member]
Related Party Transaction [Line Items]
Management fee			$ 247,500	$ 247,500

v3.24.2.u1

Common Stock (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Equity [Abstract]
Common stock, shares outstanding	131,903,029	131,903,029	131,903,029	131,903,029	131,903,029	131,903,029
Loss attributable to common shareholders			$ 472,725		$ 596,013
Weighted average number of shares outstanding	131,903,029	131,903,029	131,903,029	131,903,029	131,903,029
Antidilutive securities, shares			10,050,000		6,300,000

v3.24.2.u1

Schedule of Stock Option Transactions (Details) - $ / shares	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Number of Options, Beginning balance	10,050,000	6,300,000
Weighted Average Exercise Price, Beginning	$ 0.10	$ 0.10
Number of Options, Beginning balance	6,300,000
Weighted Average Exercise Price, Beginning	$ 0.10
Number of Options, Granted	3,750,000
Weighted Average Exercise Price, Granted	$ 0.10
Number of Options, Ending balance	10,050,000
Weighted Average Exercise Price, Exercisable	$ 0.10
Number of Options, Exercisable	10,050,000
Weighted Average Exercise Price, Granted	$ 0.10

v3.24.2.u1

Schedule of Weighted Average Assumption of Stock Option Granted (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Risk-free interest rate	4.02%	3.17%
Expected life of options	5 years	5 years
Annualized volatility	294.32%	306.66%
Dividend rate

v3.24.2.u1

Share Based Payments (Details Narrative) - $ / shares			1 Months Ended	6 Months Ended	12 Months Ended
	Jan. 04, 2024	Jul. 20, 2022	May 31, 2012	Jun. 30, 2024	Dec. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Remaining life	5 years	5 years		4 years 6 months	3 years 14 days
Share price	$ 0.05	$ 0.10
Exercise price	$ 0.10				$ 0.10
Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Issued and outstanding common stock percentage			10.00%
Option granted maximum term years			10 years

v3.24.2.u1

Operating Segment (Details Narrative)	6 Months Ended
	Jun. 30, 2024 Segment
Segment Reporting [Abstract]
Number of operating segments	1

v3.24.2.u1

South African Partnership (Details Narrative)	Oct. 12, 2023
AQUAtap Oasis South Africa (PTY) Ltd [Member]
Equity method investment, ownership percentage	49.00%

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