QS Energy Inc (QSEP)

[mr_sano]

Monday will be very interesting! Game over!

We have been informed by our independent auditors that unless we were able to pay them amounts past-due in full, and pay amounts to cover their audit services for the 2020, they would be unable to perform and complete the audit. As a result, we are unable to have an audit performed on our financial statements for the calendar year 2020 and unable to file our 2020 Annual Report on April 15, 2021. The Company intends to complete the audit and file its 2020 Annual Report when sufficient funds are available; however, as noted above, the Company can provide no assurances as to a date when, or if, the 2020 Annual Report will be filed with the SEC. Also, the Company can provide no assurances that sufficient funds will be available to have an audit completed and to file its 2020 Annual Report, or that the Company will be able generally to raise capital to remain in business, or that if capital is made available to the Company that any such capital would be on acceptable terms and conditions.