UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-K

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

For the fiscal year ended December 31, ~~2023~~2024

☐ 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: 000-53450

REMSLEEP HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

Nevada		47-5386867
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

14175 ICOT Blvd, Suite 300, Clearwater, FL 33760

(Address of principal executive offices) (Zip Code)

~~813~~902-~~367~~590-~~3855~~2001

(Registrant’s telephone number)

Securities registered pursuant to Section 12(b) of the Exchange Act: None.

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

Common Stock, $0.001 par value

(Title of class)

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒

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 has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting fi rm that prepared or issued its audit report. ☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

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

~~State the~~Securities ~~aggregate~~registered ~~market~~pursuant ~~value~~to ofSection ~~the~~12(b) voting and non-voting common equity held by non-affiliates: $16,771,918 based on 1,458,427,613 non affiliate shares outstanding at $.0115 per share, which is the price at which the common shares were last sold on the last business day of the ~~registrant’s most recently completed second fiscal quarter.~~Act:

As Title of ~~April~~each ~~16,~~class ~~2024,~~Trading ~~there~~Symbol(s) ~~were~~Name ~~1,461,616,601~~of ~~shares~~each ofexchange ~~the~~on ~~issuer’s~~which ~~common~~registered ~~stock~~Common ~~outstanding.~~RMSL OTC PINK

State the aggregate market value of the voting and non-voting common equity held by non-affiliates: $22,497,600 based on 1,470,431,138 non affiliate shares outstanding at $.0153 per share, which is the price at which the common shares were last sold on the last business day of the registrant’s most recently completed second fiscal quarter.

As of April 14, 2025, there were 1,523,620,126 shares of the issuer’s common stock outstanding.

TABLE OF CONTENTS

		Page
	PART I

Item 1.	Description of Business	1
Item 1A.	Risk Factors	7
Item 1B.	Unresolved Staff Comments	7
Item 1C.	Cybersecurity	7
Item 2.	Properties	8
Item 3.	Legal Proceedings	8
Item 4.	Mine Safety Disclosures	8

	PART II

Item 5.	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	9
Item 6.	[Reserved]	9
Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	9
Item 7A.	Quantitative and Qualitative Disclosures About Market Risk	11
Item 8.	Financial Statements and Supplementary Data	F-1
Item 9.	Changes In and Disagreements with Accountants on Accounting and Financial Disclosure	12
Item 9A.	Controls and Procedures	12
Item 9B.	Other Information	13
Item 9C.	Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.	13

	PART III

Item 10.	Directors, Executive Officers, and Corporate Governance	14
Item 11.	Executive Compensation	15
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	16
Item 13.	Certain Relationships and Related Transactions, and Director Independence	16
Item 14.	Principal Accountant Fees and Services	17

	PART IV

Item 15.	Exhibits and Financial Statement Schedules	18
Item 16.	Form 10-K Summary	18
	Signatures	19

PART I

ITEM 1. DESCRIPTION OF BUSINESS

Forward Looking Statements

Except for statements of historical fact, the information presented herein constitutes forward-looking statements. These forward-looking statements generally can be identified by phrases such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “foresees,” “intends,” “plans,” or other words of similar import. Similarly, statements herein that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, our ability to: successfully commercialize our technology; generate revenues and achieve profitability in an intensely competitive industry; compete in products and prices with substantially larger and better capitalized competitors; secure, maintain and enforce a strong intellectual property portfolio; attract additional capital sufficient to finance our working capital requirements, as well as any investment of plant, property and equipment; develop a sales and marketing infrastructure; identify and maintain relationships with third party suppliers who can provide us a reliable source of raw materials; acquire, develop, or identify for our own use, a manufacturing capability; attract and retain talented individuals; continue operations during periods of uncertain general economic or market conditions, and; other events, factors and risks previously and from time to time disclosed in our filings with the Securities and Exchange Commission, including, specifically, the “Risk Factors” enumerated herein. Although we believe the expectations reflected in our forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. You should not place undue reliance on our forward-looking statements, which speak only as of the date of this report. Except as required by law, we do not undertake to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Overview

We were incorporated in the State of Nevada on June 6, 2007. On August 2, 2010, we changed our name from Bella Viaggio, Inc. to Kat Gold Holdings Corp. Effective January 1, 2015, we completed an exchange agreement to purchase 100% of the outstanding interests of REMSleep LLC in exchange for 50,000,000 common shares of REMSleep Holdings, Inc.’s stock, at which time REMSleep LLC became our wholly-owned subsidiary and adopted their business of developing and distributing our sleep apnea products. On January 5, 2015, we changed our name to REMSleep Holdings, Inc. to reflect our new business model.

Our officers have 35 years of sleep-industry experience, ~~including~~ including having been employed at sleep industry companies. Our officers invented our DeltaWave CPAP interface (the “DeltaWave”) as as an innovative new device to treat patients with sleep apnea. ~~The~~Our ~~patent-pending~~patented DeltaWave product is a nasal-pillows type interface that will result in better comfort and, therefore, better compliance since it was specifically designed with unique airflow characteristics to enable patients with sleep apnea to breathe normally. A survey that appeared in DME Business found that 89% of patients stated that mask-interface comfort was their primary concern. The primary issue that we have addressed with the DeltaWave is the “work of breathing” component. We believe that our DeltaWave is designed to effectively address the stubborn issues that continue to affect a patient’s ability to comply with treatment, as follows:

	●	Does not disrupt normal breathing mechanics;

	●	Is not claustrophobic;

	●	Causes zero work of breathing (WOB);

	●	Minimizes or eliminates drying of the sinuses;

	●	Uses less driving pressure; and

	●	Allows users to feel safe and secure while sleeping.

Pending adequate financing, we plan to conduct clinical trials to test product effectiveness.

On June 28, 2016, we applied for a patent for a new, innovative sleep apnea product that serves as an interface for the delivery of CPAP therapy and other respiratory needs. ~~Our goal is to develop sleep products that achieve optimum compliance and comfort for CPAP patients.~~

On April 27, 2021, Remsleep was awarded utility patent 10987481 for its new Deltawave CPAP Pillows Mask for delivery of CPAP therapy and other respiratory needs. On March 5, 2024, Remsleep was awarded design patent D1,017,025 S. Our goal is to continue to develop sleep products for the treatment of OSA and capture 10% of the market in the next 12 months.

Our website is located at: http://remsleep.com.

Industry Background

The market for sleep treatment and equipment was $7.96 billion in 2011 and continues to increase, with North America accounting for a majority of the market. More than 8 million CPAP interfaces are sold annually in the U.S., with another 2.5 million globally. There are also an estimated 80 million people with undiagnosed sleep apnea. Sleep apnea is a condition that affects millions of people in the United States alone. An increasingly sedentary lifestyle and bad working habits have led to obesity and otherwise poor cardiac and aerobic health. This has led to a fast-growing epidemic of obstructive sleep apnea (OSA), which greatly reduces the quality of sleep one gets and can ultimately result in hypertension, heart failure, stroke, and at the least, reduced performance in everyday life. Sleep apnea results in numerous afflictions that affect people’s day-to-day lives and can eventually contribute to serious health conditions. While people’s knowledge of this affliction has grown strongly in recent years, and the market is expanding fast nationwide, up to 80% of people with sleep apnea may be undiagnosed¹ – a market of millions of new potential users. Even those who are tested and prescribed a sleep apnea machine often give up after a short time due to discomfort or what is called the “work of breathing” with traditional machines. In fact, over 50% of patients give up on using CPAP therapy after 6 months. This is a major waste of resources and a very telling statistic.

A major challenge in the current market is not only to get more patients diagnosed but to also increase CPAP compliance. According to market analyst Frost & Sullivan, “The development of finer and ergonomic CPAP devices will help increase patient ability to adhere to sleep therapy. The market is also seeing a rise in newer technologies that replace elaborate practices, target patient comfort to improve compliance, and help drive acceptance of sleep monitoring devices.”

A growing knowledge of sleep apnea and its treatment has helped to increase awareness with the public. In addition to making the use of a CPAP or related device less intimidating, a move toward affordable and prescription-based technology can greatly expand the market “Evolving technologies will also influence patient preferences for products, treatment modalities, and diagnostic locations,” states Frost & Sullivan². “As such, the global sleep apnea treatment market is expected to shift to home-based diagnostics for early identification and treatment of patients as well as portable devices that can reduce sleep apnea with minimal inconvenience.”

Sleep apnea causes breathing interruptions of between 10 to 20 seconds that can occur hundreds of times during a night, disrupting the natural sleep rhythm and depriving people of the restorative sleep they need to be energetic, mentally sharp, and productive the next day. CPAP can be a very effective method used to treat sleep apnea, but as noted, noncompliance remains a stubborn issue for both physicians and patients. CPAP technology therefore is constantly being updated and improved, and the new CPAP devices are lighter, quieter, and more comfortable.

Health care spending continues to grow rapidly on an annual basis in the United States. Spending was $2.7 trillion in 2011 and, in 2013, it reached over $3.6 trillion. By 2022, spending was projected to reach $5 trillion, or around 20% of GDP, according to the Centers for Medicare and Medicaid Services^3. Growing alongside this market is the U.S. life science industry, which will grow an estimated 2.2% in 2014 to $93 billion. This includes R&D spending, with growth primarily from smaller biopharmaceutical innovators and medical device manufacturers.

Within this market, sleep apnea products have experienced rapid growth. In the past couple of decades there has been a rapid increase in technological developments in the field of sleep apnea diagnosis and treatment. The result has been strong growth for sleep apnea devices globally. Demand for new and innovative treatment methodologies is driving growth, helping to provide patients with a healthy lifestyle. “Obstructive sleep apnea is destroying the health of millions of Americans, and the problem has only gotten worse over the last two decades,” according to American Academy of Sleep Medicine President Dr. Timothy Morgenthaler⁴. “The effective treatment of sleep apnea is one of the keys to success as our nation attempts to reduce health care spending and improve chronic disease management.”

Sleep problems are considered a “global epidemic,” with sleep apnea as a major contributor to the disorder. An estimated 100 million people worldwide have sleep apnea, though more than 80% of these people are undiagnosed. The market for sleep apnea diagnostic and therapeutic devices on a global level was $7.96 billion in 2011 and will reach a projected $19.72 billion by 2017, according to a study from Markets & Markets¹ Nationwide in the U.S., there are more than 1,600 businesses in the Sleep Disorder Clinics market, according to research firm IBISWorld. These businesses have combined annual revenue of $7 billion and have maintained a combined annual growth rate (CAGR) of 9.8% from 2008 to 2013. “Sleep clinics have gained exposure during the period due to the rising number of sleep disorders,” states IBISWorld. “Moreover, health insurance policies are increasingly covering all or at least part of the costs of tests and, as more patients have been able to gain greater access to specialized sleep clinics, industry revenue grows.”

Sources:

1.	Markets & Markets. “Global Sleep Apnea Diagnostics& Therapeutic Devices Market.” http://www.marketsandmarkets.com/PressReleases/sleep-apnea-devices.asp

2.	Frost & Sullivan. “Sleep apnea market is in need of finer, ergonomic treatments.” June 4, 2014. http://www.frost.com/prod/servlet/press-release.pag?docid=290951848

3.	Forbes. “Annual U.S. Healthcare Spending Hits $3.8 Trillion.” Feb. 2, 2014. http://www.forbes.com/sites/danmunro/2014/02/02/annual-u-s-healthcare-spending-hits-3-8-trillion/

4.	American Academy of Sleep Medicine. “Rising prevalence of sleep apnea in U.S. threatens public health.” Sept. 2014. http://www.aasmnet.org/articles.aspx?id=5043

There are also more than 972,000 physicians and 365,000 doctors’ offices, as well as nearly 5,800 hospitals. In addition, the market for U.S. home healthcare is served by about 30,000 businesses with combined annual revenue of $59 billion. The market includes medical and skilled nursing services; medical equipment, supplies, and medication services; personal care; and therapeutic services (like physical and respiratory therapy).

Marketing

We plan to market the DeltaWave product in the U.S., as follows:

	●	Submit manufacture orders to our manufacturer according to market demand

	●	Negotiate and secure agreements with industry distributor partners

	●	Secure agreements with Internet retailers for online sales

	●	Market DeltaWave at respiratory trade shows, social media, press releases
	●	Market and generate online sales through our website supplemented by search engine optimization,

	●	Disseminate press releases to media outlets and publications that reach sleep medical practices and DME managers/distributors, including trade publications like Sleep Medicine, Sleep Review, Sleep, The Sleep Magazine

	●	Attend sleep and healthcare, respiratory industry trade shows

All of the foregoing is contingent upon adequate financing.

Target Market

Our target market includes:

● Sleep product distributors that will distribute our product ● Home care dealers ● Private sleep labs ● Product end users ~~● Physicians, particularly sleep physicians ● Medical groups ● Hospitals ● Medical associations, such as the American Academy of Sleep Medicine and the American Sleep Association~~

	●	Physicians, particularly sleep physicians

	●	Medical groups

	●	Hospitals

	●	Medical associations, such as the American Academy of Sleep Medicine and the American Sleep Association

We expect that most of our revenues will be in the home care dealers and hospital target market.

Manufacturing

Our product will be manufactured by mold makers. We presently have molds made in China; however, we are considering relocating the manufacturing of our molds to the United States.

Operations Contingent Upon Adequate Financing

Our entire business plan, including our ability to conduct manufacturing, marketing, generate sales and further develop products, are entirely dependent upon adequate financing. Should we fail to obtain adequate financing: (a) our financial condition will be negatively affected; (b) we will be unable to conduct the essential aspects of our business plan, including marketing as reflected above; (c) investments in our common stock will be negatively impacted; (d) we will be forced to liquidate our business and file for bankruptcy protection.

Competition

The sleep apnea devices market is highly consolidated, with primary competitors being:

	●	ResMed

	●	Philips Respironics

	●	Naus Medical

	●	Fisher & Paykel Healthcare

	●	DeVilbiss Healthcare

	●	CareFusion

	●	InnoMed

	●	TAP

ResMed is the market leader (45% of market share), followed by Philips (30%), and Fisher/Paykel (12%). Our competitors offer a full range of sleep products.

Our competitors have greater financial, operational and personnel resources than we do. We will attempt to overcome our competitors’ competitive advantages by emphasizing the advantages of our Delta Wave product.

Government Regulations

FDA

Our products are subject to extensive regulation particularly as to safety, efficacy and adherence to FDA Quality System Regulation, and related manufacturing standards. Medical device products are subject to rigorous FDA and other governmental agency regulations in the United States and similar regulations of foreign agencies abroad. The FDA regulates the design, development, research, preclinical and clinical testing, introduction, manufacture, advertising, labeling, packaging, marketing, distribution, import and export, and record keeping for such products, to ensure that medical products distributed in the United States are safe and effective for their intended use. In addition, the FDA is authorized to establish special controls to provide reasonable assurance of the safety and effectiveness of most devices. Non-compliance with applicable requirements can result in import detentions, fines, civil and administrative penalties, injunctions, suspensions or losses of regulatory approvals, recall or seizure of products, operating restrictions, refusal of the government to approve product export applications or allow us to enter supply contracts, and criminal prosecution.

Unless an exemption applies, the FDA requires that a manufacturer introducing a new medical device or a new indication for use of an existing medical device obtain either a Section 510(k) premarket notification clearance or a premarket approval, or PMA, before introducing it into the U.S. market. The type of marketing authorization is generally linked to the classification of the device. The FDA classifies medical devices into one of three classes (Class I, II or III) based on the degree of risk the FDA determines to be associated with a device and the level of regulatory control deemed necessary to ensure the device’s safety and effectiveness.

Our products currently marketed in the United States are marketed in reliance on 510(k) pre-marketing clearances as either Class I or Class II devices. The process of obtaining a Section 510(k) clearance generally requires the submission of performance data and often clinical data, which in some cases can be extensive, to demonstrate that the device is “substantially equivalent” to a device that was on the market before 1976 or to a device that has been found by the FDA to be “substantially equivalent” to such a pre-1976 device, a predecessor device is referred to as “predicate device.” As a result, FDA clearance requirements may extend the development process for a considerable length of time. In addition, in some cases, the FDA may require additional review by an advisory panel, which can further lengthen the process. The PMA process, which is reserved for new devices that are not substantially equivalent to any predicate device and for high-risk devices or those that are used to support or sustain human life, may take several years and requires the submission of extensive performance and clinical information.

Medical devices can be marketed only for the indications for which they are cleared or approved. After a device has received 510(k) clearance for a specific intended use, any change or modification that significantly affects its safety or effectiveness, such as a significant change in the design, materials, method of manufacture or intended use, may require a new 510(k) clearance or PMA approval and payment of an FDA user fee. The determination as to whether a modification could significantly affect the device’s safety or effectiveness is initially left to the manufacturer using available FDA guidance; however, the FDA may review this determination to evaluate the regulatory status of the modified product at any time and may require the manufacturer to cease marketing and recall the modified device until 510(k) clearance or PMA approval is obtained. The manufacturer may also be subject to significant regulatory fines or penalties. The FDA is currently reviewing its guidance describing when it believes a manufacturer is obligated to submit a new 510(k) for modifications or changes to a previously cleared device. The FDA is expected to issue revised guidance to assist device manufacturers in making this determination. It is unclear whether the FDA’s approach in this new guidance will result in substantive changes to existing policy and practice regarding the assessment of whether a new 510(k) is required for changes or modifications to existing devices.

Any devices we manufacture and distribute pursuant to clearance or approval by the FDA are subject to pervasive and continuing regulation by the FDA and certain state agencies. These include product listing and establishment registration requirements, which help facilitate FDA inspections and other regulatory actions. As a medical device manufacturer, our manufacturing facilities are subject to inspection on a routine basis by the FDA. We are required to adhere to applicable regulations setting forth detailed cGMP requirements, as set forth in the QSR, which require, manufacturers, including third-party manufacturers, to follow stringent design, testing, control, documentation and other quality assurance procedures during all phases of the design and manufacturing process. Noncompliance with these standards can result in, among other things, fines, injunctions, civil penalties, recalls or seizures of products, total or partial suspension of production, refusal of the government to grant 510(k) clearance or PMA approval of devices, withdrawal of marketing approvals and criminal prosecutions. We believe that our design, manufacturing and quality control procedures are in compliance with the FDA’s regulatory requirements.

We must also comply with post-market surveillance regulations, including medical device reporting, or MDR, requirements which require that we review and report to the FDA any incident in which our products may have caused or contributed to a death or serious injury. We must also report any incident in which our product has malfunctioned if that malfunction would likely cause or contribute to a death or serious injury if it were to recur.

Labeling and promotional activities are subject to scrutiny by the FDA and, in certain circumstances, by the Federal Trade Commission. Medical devices approved or cleared by the FDA may not be promoted for unapproved or un-cleared uses, otherwise known as “off-label” promotion. The FDA and other agencies actively enforce the laws and regulations prohibiting the promotion of off-label uses, and a company that is found to have improperly promoted off-label uses may be subject to significant liability, including substantial monetary penalties and criminal prosecution.

Other Healthcare Laws

Even though we do not submit claims or bill governmental programs and other third-party payers directly for reimbursement for our products sold in the United States, we are still subject to laws and regulations that may restrict our business practices, including, without limitation, anti-kickback, false claims, physician payment transparency and data privacy and security laws. The government has interpreted these laws broadly to apply to the marketing and sales activities of manufacturers and distributors like us.

The federal Anti-Kickback Statute prohibits, among other things, persons or entities from knowingly and willfully soliciting, receiving, offering or providing remuneration, directly or indirectly, in cash or in kind, in exchange for or to induce either the referral of an individual for, or the purchase, lease, order or recommendation of, any good, facility, item or service for which payment may be made, in whole or in part, under federal healthcare programs such as Medicare and Medicaid. In addition, a claim including items or services resulting from a violation of the federal Anti-Kickback Statute constitutes a false or fraudulent claim for purposes of the federal civil False Claims Act.

The federal civil False Claims Act prohibits, among other things, any person or entity from knowingly presenting, or causing to be presented, a false or fraudulent claim for payment or approval to the federal government or knowingly making, using or causing to be made or used a false record or statement material to a false or fraudulent claim to the federal government. A claim includes “any request or demand” for money or property presented to the U.S. government. The civil False Claims Act also applies to false submissions that cause the government to be paid less than the amount to which it is entitled, such as a rebate. Intent to deceive is not required to establish liability under the civil False Claims Act.

The Federal Health Insurance Portability and Accountability Act of 1996, or HIPAA, created federal criminal statutes that prohibit among other actions, knowingly and willfully executing, or attempting to execute, a scheme to defraud any healthcare benefit program, including private third-party payors, knowingly and willfully embezzling or stealing from a healthcare benefit program, willfully obstructing a criminal investigation of a healthcare offense, and knowingly and willfully falsifying, concealing or covering up a material fact or making any materially false, fictitious or fraudulent statement in connection with the delivery of or payment for healthcare benefits, items or services. Like the Anti-Kickback Statute, a person or entity does not need to have actual knowledge of these statutes or specific intent to violate them to have committed a violation.

Also, many states and countries outside the U.S. have similar fraud and abuse statutes or regulations that may be broader in scope and may apply regardless of payor, in addition to items and services reimbursed under Medicaid and other state programs.

Under HIPAA, the Department of Health and Human Services, or HHS, has issued regulations to protect the privacy and security of protected health information used or disclosed by covered entities including health care providers, such as us. HIPAA also regulates standardization of data content, codes and formats used in health care transactions and standardization of identifiers for health plans and providers. Penalties for violations of HIPAA regulations include civil and criminal penalties. In addition to federal privacy and security regulations, there are state laws governing confidentiality and security of health information that are applicable to our business. New laws governing privacy may be adopted in the future as well. Failure to comply with privacy requirements could result in civil or criminal penalties, which could have a materially adverse effect on our business.

Additionally, there has been a recent trend of increased federal and state regulation of payments and transfers of value provided to healthcare professionals or entities. The Physician Payment Sunshine Act was enacted in law as part of PPACA, which imposed new annual reporting requirements on device manufacturers for payments and other transfers of value provided by them, directly or indirectly, to physicians and teaching hospitals, as well as ownership and investment interests held by physicians and their family members. A manufacturer’s failure to submit timely, accurately and completely the required information for all payments, transfers of value or ownership or investment interests may result in civil monetary penalties. Certain states also mandate implementation of commercial compliance programs, impose restrictions on device manufacturer marketing practices and/or require the tracking and reporting of gifts, compensation and other remuneration to healthcare professionals and entities.

The shifting commercial compliance environment and the need to build and maintain robust systems to comply with different compliance or reporting requirements in multiple jurisdictions increase the possibility that a healthcare company may fail to comply fully with one or more of these requirements. If our operations are found to be in violation of any of the health regulatory laws described above or any other laws that apply to us, we may be subject to penalties, including potentially significant criminal and civil and administrative penalties, damages, fines, disgorgement, imprisonment, exclusion from participation in government healthcare programs, contractual damages, reputational harm, administrative burdens, diminished profits and future earnings, and the curtailment or restructuring of our operations, any of which could adversely affect our ability to operate our business and our results of operations.

Environmental Regulation

Our operations are not subject to environmental regulation.

Employees

We have the following employees Thomas J. Wood, Chief Executive Officer, and John Lane, Chief Technology Officer. All other services are provided by independent contractors ~~who are primarily paid with stock-based compensation~~. Personnel will be added on an as-needed basis and based on available funds.

ITEM 1A. RISK FACTORS

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and, as such, are not required to provide the information under this Item.

ITEM 1B. UNRESOLVED STAFF COMMENTS

Not applicable.

ITEM 1C. CYBERSECURITY

Cybersecurity Risk Management and Strategy

We have developed and maintain a cybersecurity risk management methodology intended to protect the confidentiality, integrity, and availability of our critical systems and information. Our cybersecurity risk management methodology is integrated into our overall enterprise risk management, and shares common methodologies, reporting channels and governance processes that apply across the Company to other legal, compliance, strategic, operational, and financial risk areas. As part of our overall risk management processes and procedures, we have instituted a cybersecurity awareness designed to identify, assess and manage material risks from cybersecurity threats~~, including by engaging a third-party cybersecurity service provider, which communicates directly with our management and compliance personnel~~. The cyber risk management methodology involves risk assessments, implementation of security measures and ongoing monitoring of systems and networks, including networks on which we rely. Through our cybersecurity awareness, the current threat landscape is actively monitored in an effort to identify material risks arising from new and evolving cybersecurity threats. We may engage external experts, including cybersecurity assessors, consultants and auditors to evaluate cybersecurity measures and risk management processes as needed. We also depend on and engage various third parties, including suppliers, vendors and service providers in connection with our operations. Our risk management, legal, and compliance personnel oversee and identify, including through a third-party cybersecurity service provider, material risks from cybersecurity threats associated with our use of such entities.

Our cybersecurity risk management methodology includes:

We have not identified risks from known cybersecurity threats, including as a result of any prior cybersecurity incidents, that have materially affected us, including our operations, business strategy, results of operations, or financial condition. We face risks from cybersecurity threats that, if realized, are reasonably likely to materially affect us, including our operations, business strategy, results of operations, or financial condition.

Cybersecurity Governance

Our Board of Directors oversees our risk management, including our information technology and cybersecurity policies, procedures, and risk assessments. Management reports to our Board of Directors on information security matters as necessary, regarding any significant cybersecurity incidents, as well as any incidents with lesser impact potential.

One of the key functions of our Board of Directors is informed oversight of our various processes for managing risk. An overall review of risk is inherent in our Board of Directors ongoing consideration of our long-term strategies, transactions and other matters presented to and discussed by the Board of Directors. This includes a discussion of the likelihood and potential magnitude of various risk.

ITEM 2. PROPERTIES

We do not own any real estate property.

ITEM 3. LEGAL PROCEEDINGS

There are no material claims, actions, suits, proceedings, or investigations that are currently pending or, to the Company’s knowledge, threatened by or against the Company or respecting its operations or assets, or by or against any of the Company’s officers, directors, or affiliates.

ITEM 4. MINE SAFETY DISCLOSURES

None.

PART II

Market Information

Our common stock, par value $0.001 per share, is currently listed to trade on the OTC Markets Group, ~~OTCQB~~OTCPINK tier under the symbol “RMSL”. The range of reported high and reported low sales prices per share for our common stock for each fiscal quarter during ~~2023~~2024 and ~~2022~~2023, as reported by NASDAQ and the OTC Markets Group, is set forth below.

Quarterly common stock Price Ranges

Fiscal Year 2024, Quarter Ended:	High		Low
March 31, 2024	$	0.0176	$	0.0027
June 30, 2024	$	0.02	$	0.007
September 30, 2024	$	0.0265	$	0.0085
December 31, 2024	$	0.01	$	0.0009

Fiscal Year 2023, Quarter Ended:	High		Low
March 31, 2023	$	0.02	$	0.012
June 30, 2023	$	0.015	$	0.011
September 30, 2023	$	0.021	$	0.009
December 31, 2023	$	0.019	$	0.012

Fiscal Year 2022, Quarter Ended:	High		Low
March 31, 2022	$	0.027	$	0.009
June 30, 2022	$	0.043	$	0.009
September 30, 2022	$	0.036	$	0.012
December 31, 2022	$	0.016	$	0.009

At March 14, 2025 there were approximately 156 holders of record of our common stock, although we believe that there are other persons who are beneficial owners of our common stock held in street name. The transfer agent and registrar for our common stock is Securities Stock Transfer, 2901 N Dallas Parkway, Suite 380, Plano, TX 75093.

At April 9, 2024 there were approximately 155 holders of record of our common stock, although we believe that there are other persons who are beneficial owners of our common stock held in street name. The transfer agent and registrar for our common stock is Securities Stock Transfer, 2901 N Dallas Parkway, Suite 380, Plano, TX 75093.

Recent Issuances of Unregistered Securities

~~None~~On July 16, 2024, 1800 Diagonal converted $50,000 of principal into 5,000,000 shares of common stock (Note 5).

During the year ended December 31, 2024, the Company sold 57,003,525 shares of common stock to Quick Capital LLC for total proceeds of $420,000.

ITEM 6. [RESERVED]

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Overview

We are a Nevada corporation formed on June 6, 2007. Our headquarters are in Clearwater, FL. We have been engaged in our current business model since January 1, 2015.

We are a medical technology company focused on the development and commercialization of innovative and minimally invasive solutions for patients with obstructive sleep apnea. Our officers have 35 years of sleep-industry experience, including having been employed at sleep industry companies. Our goal is to develop sleep products that achieve optimum compliance and comfort for CPAP patients.

In May 2017, we applied for a patent with the US Patent and Trademark Office for our proprietary DeltaWave CPAP interface (“DeltaWave”), a new, innovative sleep apnea product to act as an interface for the delivery of CPAP therapy and other respiratory needs. DeltaWave is a nasal-pillow type interface designed to offer better comfort and, therefore, better compliance since it was specifically designed with unique airflow characteristics to enable patients with sleep apnea to breathe normally.

Our officers have 35 years of sleep-industry experience, including having been employed at sleep industry companies. Our officers invented the DeltaWave as an innovative new device to treat patients with sleep apnea. The patent-pending DeltaWave device is a nasal-pillows type interface that will result in better comfort and, therefore, better compliance since it was specifically designed with unique airflow characteristics to enable patients with sleep apnea to breathe normally.

A survey that appeared in DME Business found that 89% of patients stated that mask-interface comfort was their primary concern. The primary issue that we have addressed with the DeltaWave is the “work of breathing” component. We believe that our DeltaWave is designed to effectively address the stubborn issues that continue to affect a patient’s ability to comply with treatment, as follows: does not disrupt normal breathing mechanics; is not claustrophobic; causes zero work of breathing (WOB); minimizes or eliminates drying of the sinuses; uses less driving pressure; and allows users to feel safe and secure while sleeping.

Pending adequate financing, we plan to conduct clinical trials to test product effectiveness.

Results of Operations

Year Ended December 31, ~~2023~~2024 Compared to the Year Ended December 31, ~~2022~~2023

Revenues

We began to sell our ResPlus CPAP system in the second quarter of 2022.

We recognized revenue and cost of goods of $117,185 and $99,147, respectively for the year ended December 31, 2024. We saw a decrease in sales in the current period due to both the number of sales but also due to fewer sales for multiple units.

We recognized revenue and cost of goods of $203,718 and $960,457, respectively for the year ended December 31, 2023. Our cost of goods sold includes impairment expense of $738,113 for the write down of inventory on hand.

We recognized revenue and cost of goods of $320,719 and $248,426, respectively for the year ended December 31, 2022.

Operating Expenses

Professional fees were $~~116~~114,~~362~~865 and $~~115~~116,~~135~~362 for the years ended December 31, ~~2023~~2024 and ~~2022~~2023, respectively, ana ~~increase~~decrease of $1,~~227~~497, or 1.13%. Professional fees consist mostly of accounting, audit and legal fees.

~~Development expenses~~Compensation ~~related~~expense ~~to our DeltaWave CPAP system~~ was $~~294~~143,~~819~~000 and $~~337~~172,~~033~~ 000 for the years ended December 31, ~~2023~~2024 and ~~2022~~2023, respectively, a decrease of $4229,~~214~~000, or 1216.59%. ~~Our~~On ~~development~~June ~~expenses~~1, ~~has~~2023, ~~decreased~~Mr. inBird resigned from all positions with the ~~current~~Company, ~~period~~this asresulted wein ~~get~~a ~~closer~~$40,000 decrease to ~~completing~~compensation ~~the~~expense. ~~development~~Our COO also increased his work hours for ~~and~~an ~~testing~~additional $11,000 of ~~our~~compensation ~~DeltaWave product~~expense.

~~Compensation expense~~Development expenses related to our DeltaWave CPAP system was $~~172~~187,~~000~~ 445 and $~~231~~294,~~000~~819 for the years ended December 31, ~~2023~~2024 and ~~2022~~2023, respectively, a decrease of $59107,~~000,~~374 or 2536.54%. ~~Effective June~~Our 1,development ~~2023,~~expenses ~~Mr.~~has decreased ~~Bird,~~in ~~our~~the ~~former~~current ~~Chairman,~~period ~~resigned~~as ~~from~~we ~~all~~got ~~positions~~closer ~~with~~to completing the ~~Company~~development, ~~resulting~~testing inand afinal ~~decrease~~FDA toapproval of our ~~compensation expense~~DeltaWave product.

Lease expense was $~~136~~96,~~320~~905 and $~~114~~136,~~702~~320 for the years ended December 31, ~~2023~~2024 and ~~2022~~2023, respectively, ana ~~increase~~decrease of $2139,~~618~~415, or 1828.89%. ~~Our~~In the prior year the Company rented an apartment ~~office~~used ~~lease~~by ~~began~~Company inpersonnel. ~~May~~The ~~2022~~apartment was a monthly, short-term rental.

General and administrative expense (“G&A”) were $~~295~~269,~~402~~371 and $~~492,~~295,402 for the years ended December 31, ~~2023~~2024 and ~~2022~~2023, respectively, a decrease of $~~196~~26,~~893~~031 or 408.8%. ~~In the current period we had decreases in travel expense of approximately $25,000, employee expense of approximately $83,000, web design of $19,300 and promotional expense of $64,000.~~

~~Total other expense for the year ended December 31, 2023, was $6,196. Other expense includes interest expense of $7,090 and a gain on disposal of an asset of $894.~~10

Total other expense for the year ended December 31, ~~2022~~2024, was $~~268~~284,~~702.~~449, ~~Other~~which includes interest expense of $143,146 (includes $135,315 amortization of debt discount), a loss inon ~~the~~disposal of ~~change~~fixed assets of ~~fair~~$159,593, ~~value~~an early payment penalty of $316,~~048,~~ 574 and a loss on ~~disposal~~the issuance of ~~fixed~~convertible ~~assets~~debt of $286,~~264~~473. ~~and~~These ~~interest~~expenses were ~~expense~~offset ofby a $~~237~~14,~~390~~270 ~~(includes~~gain ~~$206,157~~on ~~amortization~~conversion of debt ~~discount)~~and a change in the fair value of derivatives of $27,067.

Total other expense for the year ended December 31, 2023, was $6,196. Other expenses include interest expense of $7,090 and a gain on disposal of an asset of $894.

Net Loss

For the year ended December 31, ~~2023~~2024, we had a net loss of $1,~~777~~077,~~838~~ 997 as compared to a net loss of $1,~~486~~777,~~574~~838 for the year ended December 31, ~~2022~~2023.

Liquidity and Capital Resources

Cash flow from operations

Cash used in operating activities for the year ended December 31, ~~2023~~2024 was $~~791~~683,~~309~~057 as compared to $2791,~~234,058~~329 of cash used in operating activities for the year ended December 31, ~~2022~~2023. ~~During the prior year the Company used more cash for activities related to the development and sale of its products. Our largest cash expenditure in the prior year was for inventory.~~

Cash Flows from Investing

Cash used in investing activities for the purchase of equipment and tooling for the year ended December 31, ~~2023~~2024 was $~~147~~124,~~648~~700 as compared to $~~122~~147,~~262~~628 of cash used in investing activities for the year ended December 31, ~~2022~~2023.

Cash Flows from Financing

For the year ended December 31, ~~2023~~2024, we ~~repaid~~ received $~~183~~225,~~931~~000 offrom aconvertible ~~related~~notes ~~party~~payable ~~loan.~~and ~~For~~repaid ~~the year ended December 31~~$93,000. ~~2022,~~We wealso received $~~855~~420,000 from the sale of common stock. ~~and~~For ~~repaid~~the ayear ~~$45~~ended December 31,~~000~~ ~~loan.~~2023, Wewe ~~also~~repaid ~~received~~$183,931 aof ~~short-term cash advance from~~ a related party ~~of $4,740 for the payment of expenses~~loan.

Going Concern

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has an accumulated deficit of $1415,~~192~~270,~~759~~756 at December 31, ~~2023~~2024, had a net loss of $1,~~777~~077,~~838~~997 and net cash used in operating activities of $~~791~~683,~~309~~057 for the year ended December 31, ~~2023~~2024. The Company’s ability to raise additional capital through the future issuances of common stock and/or debt financing is unknown. The obtainment of additional financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. These conditions and the ability to successfully resolve these factors over the next twelve months raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements of the Company do not include any adjustments that may result from the outcome of these aforementioned uncertainties.

Critical Accounting Policies

~~Refer~~The Company considers its accounting for the fair value of financial instruments, revenue recognition, accounts receivable, allowance for doubtful accounts and inventory among its critical accounting policies. The Company maintains an allowance for doubtful accounts to reflect management’s estimate of the amount of receivables that will not be collected. This estimate is considered a critical accounting estimate due to the subjectivity involved in evaluating the collectability of accounts receivable. The fair value measurement of derivative instruments is also one of our critical accounting estimates due to the complexity and subjectivity involved. These estimates often require the use of valuation models that rely on unobservable inputs. Refer to Note 2 of our financial statements contained elsewhere in this Form 10-K for a more detail description of each, and a summary of all our critical accounting policies and recently ~~adopting~~ adopted and issued accounting standards.

Item 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

REMSLEEP HOLDINGS, INC.

Report of Independent Registered Public Accounting Firm (Firm ID # 05525)		F-2
Balance Sheets as of December 31, 2023 and 2022		F-4
Balance Sheets as of December 31, 2024 and 2023		F-3
Statements of Operations for the Years ended December 31, 2023 and 2022		F-5
Statements of Operations for the Years ended December 31, 2024 and 2023		F-4
Statement of Stockholders’ Equity (Deficit) for the Years ended December 31, 2023 and 2022		F-6
Statements of Stockholders’ Equity (Deficit) for the Years ended December 31, 2024 and 2023		F-5
Statements of Cash Flows for the Years ended December 31, 2023 and 2022		F-7
Statements of Cash Flows for the Years ended December 31, 2024 and 2023		F-6
Notes to Financial Statements		F-87

F-1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Shareholders of REMSleep Holdings, Inc.

Opinion on the Financial Statements

We have audited the accompanying balance sheets of REMSleep Holdings, Inc. (“the Company”) as of December 31, ~~2023~~2024 and ~~2022~~2023, and the related statements of operations, ~~changes in~~ stockholders’ equity (deficit), and cash flows for each of the years in the two-year period ended December 31, ~~2023~~2024, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, ~~2023~~2024 and ~~2022~~ 2023 and the results of its operations and its cash flows for each of the years in the two-year period ended December 31, ~~2023~~2024, in conformity with accounting principles generally accepted in the United States of America.

Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 3 to the financial statements, the Company has an accumulated deficit, net ~~losses~~loss, and ~~negative~~net cash ~~flows~~used ~~from~~in ~~operations~~operating activities. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans in regard to these matters are also described in Note 3. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Basis for Opinion

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Critical Audit Matters

~~The critical~~Critical audit matters ~~communicated below~~ are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. ~~The~~We ~~communication~~determined ofthat ~~critical~~there ~~audit~~were ~~matters does~~no ~~not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the~~ critical audit ~~matters~~ ~~below, providing separate opinions on the critical audit~~ matters ~~or on the accounts or disclosures to which they relate~~.

~~F-2~~Fruci & Associates II, PLLC – PCAOB ID #05525

~~Valuation of~~We ~~Inventory~~have –served ~~Refer~~as tothe ~~Note~~Company’s 2auditor tosince ~~the financial statement~~2018.

~~Description of~~Spokane, ~~the Critical Audit Matter~~Washington

~~The~~April Company states inventory at lower of cost or net realizable and consists of finished goods and periodically assesses and estimates is allowance for obsolete inventory based on current demand and market. The recognition and evaluation of inventory obsolescence involves complexity and judgment14, ~~therefore we considered this to be a critical audit matter.~~2025

~~How the Critical Audit Matter Was Addressed in the Audit~~F-2

~~Our principal~~REMSLEEP ~~audit procedures related to valuation of inventory included~~HOLDINGS, ~~among~~INC. ~~other~~BALANCE ~~procedures, the following:~~SHEETS

● Evaluated management’s estimate of net realizable value based on current sales and market prices.

	December 31, 2024			December 31, 2023
ASSETS
Current assets:
Cash	$	463,343		$	719,100
Accounts receivable, net of allowance of $7,000 and $5,590, respectively		2,741			9,025
Other assets		9,100			8,710
Prepaid – related party		7,500			—
Inventory		—			99,147
Deposit on inventory		9,050			—
Total current assets		491,734			835,982

Other asset		10,000			10,000
Right of use asset		16,154			177,796
Property and equipment, net		73,809			182,536

Total Assets	$	591,697		$	1,206,314

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)

Current Liabilities:
Accounts payable	$	30,000		$	37,000
Accrued compensation		46,000			60,500
Convertible note payable, net of $100,162 debt discount		16,438			—
Accrued interest		1,406			—
Derivative liability		152,014			—
Operating lease liability – current portion		9,136			134,438
Total current liabilities		254,994			231,938
Long Term Liabilities
Operating lease liability – net of current portion		—			43,676
Total Liabilities		254,994			275,614

Commitments and Contingencies		—			—

STOCKHOLDERS’ EQUITY (DEFICIT):

Series A preferred stock, $0.001 par value, 5,000,000 shares authorized, 5,000,000 and issued and outstanding		5,000			5,000
Series B preferred stock, $0.001 par value, 5,000,000 shares authorized, 500,000 shares issued		500			500
Series C preferred stock, $0.001 par value, 5,000,000 shares authorized, 2,000,000 issued and outstanding		2,000			2,000
Common stock, $0.001 par value, 3,000,000,000 shares authorized, 1,523,620,126 and 1,461,616,601 shares issued and outstanding, respectively		1,523,619			1,461,615
Discount to common stock		(94,708	)		(94,708	)
Additional paid in capital		14,171,048			13,749,052
Accumulated Deficit		(15,270,756	)		(14,192,759	)
Total Stockholders’ Equity (Deficit)		336,703			930,700

Total Liabilities and Stockholders’ Equity (Deficit)	$	591,697		$	1,206,314

●The ~~Evaluated~~accompanying ~~the~~notes ~~disclosures~~are ~~related~~an tointegral ~~the~~part of these financial ~~statement impacts of obsolescence~~statements.

~~Fruci & Associates II, PLLC – PCAOB ID #05525~~F-3

WeREMSLEEP ~~have~~HOLDINGS, ~~served~~INC. asSTATEMENTS ~~the~~OF ~~Company’s auditor since 2018.~~OPERATIONS

Spokane, Washington

	For the Years Ended December 31,
	2024			2023
Revenue	$	117,185		$	203,718
Cost of goods sold		99,147			960,457
Gross margin	$	18,038		$	(756,739	)

Operating Expenses:
Professional fees	$	114,865		$	116,362
Compensation expense – related party		143,000			172,000
Development expense		187,445			294,819
Lease expense		96,905			136,320
General and administrative		269,371			295,402

Total operating expenses		811,586			1,014,903

Loss from operations	$	(793,548	)	$	(1,771,642	)

Other income (expense):
Interest expense		(143,146	)		(7,090	)
Gain (loss) on disposal of fixed assets		(159,593	)		894
Gain on conversion		14,270			—
Early payment penalty		(16,574	)		—
Loss on issuance of convertible debt		(6,473	)		—
Change in fair value of derivative		27,067			—
Total other expense		(284,449	)		(6,196	)

Loss before income taxes		(1,077,997	)		(1,777,838	)

Provision for income taxes		—			—

Net Loss	$	(1,077,997	)	$	(1,777,838	)

Net loss per share, basic and diluted	$	(0.00	)	$	(0.00	)

Weighted average common shares outstanding, basic and diluted		1,476,557,436			1,461,616,601

~~April~~The accompanying notes are an integral part ~~16,~~of ~~2024~~these financial statements.

F-34

REMSLEEP HOLDINGS, INC. ~~BALANCE~~ ~~SHEETS~~STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT) FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

	December 31, 2023			December 31, 2022
	Series A Preferred Stock						Series B Preferred Stock				Series C Preferred Stock				Common Stock				Discount to Common			Additional Paid-in			Accumulated
ASSETS
	Shares			Amount			Shares		Amount		Shares		Amount		Shares		Amount		Stock			Capital			Deficit			Total
Current assets:
Balance, December 31, 2022		5,000,000		$	5,000			500,000	$	500		—	$	—		1,461,616,601	$	1,461,615	$	(94,708	)	$	13,751,052		$	(12,414,921	)	$	2,708,538
Cash	$	719,100		$	1,841,988
Shares issued intangibles – related party		—			—			—		—		2,000,000		2,000		—		—		—			(2,000	)		—			—
Accounts receivable, net of allowance of $5,590 and $0, respectively		9,025			11,698
Net Loss		—			—			—		—		—		—		—		—		—			—			(1,777,838	)		(1,777,838	)
Other assets		8,710			—
Balance, December 31, 2023		5,000,000			5,000			500,000		500		2,000,000		2,000		1,461,616,601		1,461,615		(94,708	)		13,749,052			(14,192,759	)		930,700
Inventory		99,147			1,056,007
Common stock sold for cash		—			—			—		—		—		—		57,003,525		57,004		—			362,996			—			420,000
Total current assets		835,982			2,909,693
Common stock issued for debt		—			—			—		—		—		—		5,000,000		5,000		—			59,000			—			64,000
Other asset		10,000			10,000
Net Loss		—			—			—		—		—		—				—		—			—			(1,077,997	)		(1,077,997	)
Right of use asset		177,796			303,227
Balance, December 31, 2024		5,000,000		$	5,000			500,000	$	500		2,000,000	$	2,000		1,523,620,126	$	1,523,619	$	(94,708	)	$	14,171,048		$	(15,270,756	)	$	336,703
Property and equipment, net		182,536			137,980
Total Assets	$	1,206,314		$	3,360,900
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current Liabilities:
Accounts payable	$	37,000		$	54,845
Accrued compensation		60,500			52,000
Accrued interest – related party		—			90,119
Loan payable – related party		—			179,191
Due to a related party		—			4,740
Operating lease liability – current portion		134,438			93,241
Total current liabilities		231,938			474,136
Long Term Liabilities
Operating lease liability – net of current portion		43,676			178,226
Total Liabilities		275,614			652,362
Commitments and Contingencies		—			—
STOCKHOLDERS’ EQUITY (DEFICIT):
Series A preferred stock, $0.001 par value, 5,000,000 shares authorized, 5,000,000 and issued and outstanding		5,000			5,000
Series B preferred stock, $0.001 par value, 5,000,000 shares authorized, 500,000 shares issued		500			500
Series C preferred stock, $0.001 par value, 5,000,000 shares authorized, 2,000,000 and 0 shares issued and outstanding, respectively		2,000			—
Common stock, $0.001 par value, 3,000,000,000 shares authorized, 1,461,616,601 shares issued and outstanding		1,461,615			1,461,615
Discount to common stock		(94,708	)		(94,708	)
Additional paid in capital		13,749,052			13,751,052
Accumulated Deficit		(14,192,759	)		(12,414,921	)
Total Stockholders’ Equity (Deficit)		930,700			2,708,538
Total Liabilities and Stockholders’ Equity (Deficit)	$	1,206,314		$	3,360,900

The accompanying notes are an integral part of these financial statements.

F-45

REMSLEEP HOLDINGS, INC. STATEMENTS OF ~~OPERATIONS~~CASH FLOWS

	For the Years Ended December 31,
	2023			2022
	2024			2023
Revenue	$	203,718		$	320,719
Cash Flows from Operating Activities:
Cost of goods sold		960,457			248,426
Net loss	$	(1,077,997	)	$	(1,777,838	)
Gross margin	$	(756,739	)	$	72,293
Adjustments to reconcile net loss to net cash used in operating activities:
Operating Expenses:
Depreciation expense		73,834			102,198
Professional fees	$	116,362		$	115,135
Inventory impairment		—			738,113
Compensation expense – related party		172,000			231,000
Change in fair value of derivative		(27,067	)		—
Development expense		294,819			337,033
Loss on issuance of convertible debt		6,473			—
Lease expense		136,320			114,702
Discount amortization		135,316			—
General and administrative		295,402			492,295
Operating lease expense		(7,336	)		32,078
Total operating expenses		1,014,903			1,290,165
Loss on disposal of fixed assets		159,593			874
Loss from operations	$	(1,771,642	)	$	(1,217,872	)
Bad debt expense		1,410
Other expense:
Gain on conversion		(14,270	)		—
Interest expense		(7,090	)		(237,390	)
Changes in Operating Assets and Liabilities:
Gain (loss) on disposal of fixed assets		894			(28,264	)
Accounts receivable		4,874			2,673
Change in fair value of derivative		—			(3,048	)
Prepaid compensation - – related party		(7,500	)		—
Total other expense		(6,196	)		(268,702	)
Prepaids and other assets		(390	)		(8,710	)
Loss before income taxes		(1,777,838	)		(1,486,574	)
Inventory		99,147			218,747
Provision for income taxes		—			—
Deposit on inventory		(9,050	)		—
Net Loss	$	(1,777,838	)	$	(1,486,574	)
Accounts payable		(7,000	)		(17,845	)
Deemed dividend		—			(536,732	)
Accrued compensation – related party		(14,500	)		8,500
Net Loss to Common Shareholders		(1,777,838	)		(2,023,306	)
Accrued interest		1,406			(90,119	)
Net loss per share, basic and diluted	$	(0.00	)	$	(0.00	)
Net cash used by operating activities		(683,057	)		(791,329	)
Weighted average common shares outstanding, basic and diluted		1,461,616,601			1,461,965,506
Cash Flows from Investing Activities:
Purchase of property and equipment		(124,700	)		(147,628	)
Net cash used by investing activities		(124,700	)		(147,628	)
Cash Flows from Financing Activities:
Proceeds from convertible note payable		225,000			—
Repayment of convertible note payable		(93,000	)		—
Proceeds from the sale of common stock		420,000			—
Repayment of loans – related party		—			(183,931	)
Net cash provided (used) by financing activities		552,000			(183,931	)
Net change in cash		(255,757	)		(1,122,888	)
Cash at beginning of the year		719,100			1,841,988
Cash at end of the year	$	463,343		$	719,100
Supplemental cash flow information:
Interest paid in cash	$	6,426		$	—
Taxes paid	$	—		$	—
Supplemental disclosure of non-cash activity:
Debt discount to be amortized	$	100,162		$	—
Series C preferred stock issued for intangibles – related party	$	—		$	2,000

The accompanying notes are an integral part of these financial statements.

F-56

REMSLEEP HOLDINGS, INC. ~~STATEMENT~~NOTES OFTO ~~STOCKHOLDERS’~~FINANCIAL ~~EQUITY (DEFICIT)~~STATEMENTS ~~FOR THE YEARS ENDED~~ DECEMBER 31, ~~2023 AND 2022~~2024

	Series A Preferred Stock				Series B Preferred Stock				Series C Preferred Stock				Common Stock				Discount to Common			Additional Paid-in			Accumulated
	Shares		Amount		Shares		Amount		Shares		Amount		Shares		Amount		Stock			Capital			Deficit			Total
Balance, December 31, 2021		5,000,000	$	5,000		500,000	$	500		—	$	—		1,234,008,735	$	1,234,006	$	(94,708	)	$	11,865,439		$	(10,391,615	)	$	2,618,622
Common stock issued for conversion of debt		—		—		—		—		—		—		43,479,662		43,481		—			678,009			—			721,490
Common stock issued for cash		—		—		—		—		—		—		114,000,000		114,000		—			741,000			—			855,000
Warrants converted to common stock		—		—		—		—		—		—		70,128,204		70,128		—			(70,128	)		—			—
Warrant down round protection		—		—		—		—		—		—		—		—		—			536,732			(536,732	)		—
Net Loss		—		—		—		—		—		—		—		—		—			—			(1,486,574	)		(1,486,574	)
Balance, December 31, 2022		5,000,000		5,000		500,000		500		—		—		1,461,616,601		1,461,615		(94,708	)		13,751,052			(12,414,921	)		2,708,538
Shares issued for intangibles – related party		—		—		—		—		2,000,000		2,000		—		—		—			(2,000	)		—			—
Net Loss		—		—		—		—		—		—		——		—		—			—			(1,777,838	)		(1,777,838	)
Balance, December 31, 2023		5,000,000	$	5,000		500,000	$	500		2,000,000	$	2,000		1,461,616,601	$	1,461,615	$	(94,708	)	$	13,749,052		$	(14,192,759	)	$	930,700

NOTE 1 – BACKGROUND

~~The accompanying~~Business ~~notes~~Activity ~~are an integral part of these financial statements.~~

F-REMSleep Holdings, Inc., (the “Company”) was incorporated in the State of Nevada on June 6, 2007. On January 5, 2015 the name of the Company was changed to REMSleep Holdings, Inc. and the business model was changed to reflect the new direction of the Company; to develop and distribute products to help people affected by sleep apnea. On May 30, 2015 REMSleep LLC was formally merged into REMSleep Holdings, Inc.

~~REMSLEEP HOLDINGS,~~NOTE ~~INC. STATEMENTS~~2 – SUMMARY OF ~~CASH~~SIGNIFICANT ~~FLOWS~~ACCOUNTING POLICIES

	For the Years Ended December 31,
	2023			2022
Cash Flows from Operating Activities:
Net loss	$	(1,777,838	)	$	(1,486,574	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense		102,198			61,079
Inventory impairment		738,113			—
Change in fair value of derivative		—			3,048
Discount amortization		—			206,157
Gain (loss) on disposal of fixed assets		874			28,264
Operating lease expense		32,078			15,732
Changes in Operating Assets and Liabilities:
Accounts receivable		2,673			(11,698	)
Prepaids and other assets		(8,710	)		(47,491	)
Inventory		218,747			(1,056,007	)
Accounts payable		(17,845	)		39,339
Accrued compensation – related party		8,500			5,000
Accrued interest		—			(13,521	)
Accrued interest – related party		(90,119	)		22,614
Net cash used by operating activities		(791,329	)		(2,234,058	)
Cash Flows from Investing Activities:
Purchase of property and equipment		(147,628	)		(122,262	)
Net cash used by investing activities		(147,628	)		(122,262	)
Cash Flows from Financing Activities:
Repayment of loans		—			(45,000	)
Repayment of loans – related party		(183,931	)		—
Cash advance – related party		—			4,740
Proceeds from sale of common stock		—			855,000
Net cash (used) provided by financing activities		(183,931	)		814,740
Net change in cash		(1,122,888	)		(1,541,580	)
Cash at beginning of the year		1,841,988			3,383,568
Cash at end of the year	$	719,100		$	1,841,988
Supplemental cash flow information:
Interest paid in cash	$	—		$	22,140
Taxes paid	$	—		$	—
Supplemental non-cash disclosure:
Common stock issued for conversion of note payable principal and accrued interest	$	—		$	427,730
Establish right of use asset	$	—		$	328,803
Series C preferred stock issued for intangibles – related party	$	2,000		$	—

Basis of Presentation

The Company’s financial statements have ~~accompanying~~been ~~notes~~prepared ~~are~~in anaccordance ~~integral~~with ~~part~~accounting principles generally accepted in the United States of ~~these~~America ~~financial~~(“U.S. ~~statements~~GAAP”).

~~F-7~~Use of Estimates

~~REMSLEEP~~The preparation of financial statements in conformity ~~HOLDINGS,~~with ~~INC.~~accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that ~~NOTES~~affect TOthe ~~FINANCIAL~~reported ~~STATEMENTS~~amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and ~~DECEMBER~~expenses ~~31,~~during ~~2023~~the reporting periods. Actual results could differ from those estimates.

~~NOTE 1~~Concentrations -of ~~BACKGROUND~~Credit Risk

~~Business~~We maintain our cash in bank deposit accounts, ~~Activity~~the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. At times, such deposits may be in excess of the Federal Deposit Insurance Corporation insurable amount (“FDIC”). As of December 31, 2024 and 2023, the Company had $213,343 and $469,100 above the FDIC’s $250,000 coverage limit, respectively.

~~REMSleep Holdings,~~Cash Inc., (the “Company”) was incorporated in the State of Nevada on June 6, 2007. On January 5, 2015 the name of the Company was changed to REMSleep Holdings, Inc. and the business model was changed to reflect the new direction of the Company; to develop and distribute products to help people affected by sleep apnea. On May 30, 2015 REMSleep LLC was formally merged into REMSleep Holdings, Inc.Equivalents

~~NOTE~~The Company considers all highly liquid investments 2with -a ~~SUMMARY~~maturity OFof ~~SIGNIFICANT~~three ~~ACCOUNTING~~months ~~POLICIES~~or less when purchased to be cash equivalents. There were no cash equivalents for the years ended December 31, 2024 and 2023.

~~Basis of~~Property ~~Presentation~~and Equipment

~~The Company’s~~Fixed ~~financial~~assets ~~statements~~are ~~have~~carried ~~been~~at ~~prepared~~the inlower ~~accordance~~of cost or net realizable value. All fixed assets with ~~accounting~~a ~~principles~~cost ~~generally~~of ~~accepted~~$2,000 inor greater are capitalized. Depreciation of property and equipment is calculated using the ~~United~~straight-line ~~States~~method over the estimated useful lives of the assets, which range from three to five years. Leasehold improvements are amortized over the lesser of ~~America~~the ~~(“U~~remaining term of the lease or the estimated useful life of the asset.S Major betterments that extend the useful lives of assets are also capitalized. ~~GAAP”)~~Normal maintenance and repairs are charged to expense as incurred. When assets are sold or otherwise disposed of, the cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in operations.

~~Use of~~Basic ~~Estimates~~and Diluted Earnings Per Share

~~The~~Net income (loss) per common share is computed ~~preparation~~pursuant to section 260-10-45 of ~~financial~~the ~~statements~~FASB inAccounting ~~conformity~~Standards ~~with~~Codification. Basic ~~accounting~~net ~~principles~~income ~~generally~~(loss) ~~accepted~~per incommon share is computed by dividing net income (loss) by the ~~United~~weighted ~~States~~average number of ~~America~~shares ~~requires~~of common stock outstanding during the period. Diluted net ~~management~~income to(loss) ~~make~~per ~~estimates~~common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially ~~assumptions~~outstanding ~~that~~shares ~~affect~~of common stock during the ~~reported~~period. ~~amounts~~The weighted average number of ~~assets~~common shares outstanding and ~~liabilities~~potentially outstanding atcommon shares assumes that the ~~date~~Company incorporated as of the ~~financial statements~~beginning ~~and~~of the ~~reported~~first period presented. Diluted amounts are not presented when the effect of ~~revenues~~the ~~and~~computations ~~expenses~~are ~~during~~anti-dilutive due to the ~~reporting~~losses ~~periods~~incurred. ~~Actual~~Accordingly, ~~results~~there ~~could~~is ~~differ~~no ~~from~~difference ~~those~~in the ~~estimates~~amounts presented for basic and diluted loss per share.

~~Concentrations of Credit Risk~~F-7

~~We maintain~~As ~~our~~of ~~cash~~December in31, ~~bank deposit accounts~~2024, the ~~balances~~Company ofhad ~~which~~approximately at5,000,000 ~~times may exceed federally insured limits. We continually monitor~~potentially ~~our~~dilutive ~~banking~~shares ~~relationships~~from ~~and~~Series ~~consequently~~A ~~have~~preferred ~~not~~stock, ~~experienced~~50,000,000 ~~any~~from ~~losses~~Series inB ~~our~~preferred ~~accounts. At times~~stock, ~~such deposits may be in excess of the Federal Deposit Insurance Corporation insurable amount (“FDIC”). As of December 31~~600,000,000 ~~2023~~from ~~and~~Series ~~2022,~~C ~~the~~preferred ~~Company~~stock ~~had~~and ~~$469~~30,~~100 and $1~~257,~~591,988~~949 ofpotentially ~~cash~~dilutive ~~above~~shares ~~the~~from ~~FDIC’s~~convertible ~~$250,000 coverage limit, respectively~~debt.

~~Cash~~As of December 31, 2023, the Company had potentially ~~Equivalents~~dilutive shares of common stock of 5,000,000 shares from Series A preferred stock, 50,000,000 from Series B preferred stock and 600,000,000 from Series C preferred stock.

~~The Company~~Stock-Based ~~considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents for the periods ended December 31, 2023 and 2022.~~Compensation

~~Property~~In June 2018, the FASB issued ASU 2018-07, Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. ASU 2018-07 allows companies to account for nonemployee awards in the same manner as employee awards. The guidance is effective for fiscal years beginning after December 15, 2018, and ~~Equipment~~interim periods within those annual periods.

~~Fixed assets~~Fair ~~are~~Value ~~carried at the lower~~ of ~~cost~~Financial or net realizable value. All fixed assets with a cost of $2,000 or greater are capitalized. Depreciation of property and equipment is calculated using the straight-line method over the estimated useful lives of the assets, which range from three to five years. Leasehold improvements are amortized over the lesser of the remaining term of the lease or the estimated useful life of the asset. Major betterments that extend the useful lives of assets are also capitalized. Normal maintenance and repairs are charged to expense as incurred. When assets are sold or otherwise disposed of, the cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in operations.Instruments

~~Basic~~The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and ~~Diluted~~paragraph ~~Earnings~~820-10-35-37 ~~Per~~of the ~~Share~~FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP) and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:

Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. Diluted amounts are not presented when the effect of the computations are anti-dilutive due to the losses incurred. Accordingly, there is no difference in the amounts presented for basic and diluted loss per share.

	Level 1:	Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.

	Level 2:	Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.

	Level 3:	Pricing inputs that are generally unobservable inputs and not corroborated by market data.

~~F-8~~The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximate the fair value of such instruments as the notes bear interest rates that are consistent with current market rates.

As of December 31, 2023, the Company had approximately 5,000,000 potentially dilutive shares from Series A preferred stock, 50,000,000 from Series B preferred stock and 600,000,000 from Series C preferred stock.

		Total Fair Value at December 31, 2024				Quoted prices in active markets (Level 1)				Significant other observable inputs (Level 2)				Significant unobservable inputs (Level 3)
Derivative liabilities		$	152,014			$	—			$	—			$	152,014

~~As of~~Revenue December 31, 2022, the Company had approximately 172,500,000 potentially dilutive shares of common stock warrants, 5,000,000 shares from Series A preferred stock and 50,000,000 from Series B preferred stock.Recognition

~~Stock-Based~~The Company recognizes revenue under ASC 606, ~~Compensation~~“Revenue from Contracts with Customers” (“ASC 606”). The Company determines revenue recognition through the following steps:

~~In June~~● ~~2018,~~Identification ~~the~~of ~~FASB~~a ~~issued~~contract ~~ASU~~with ~~2018-07,~~a ~~Compensation –~~customer; ~~Stock~~● ~~Compensation~~Identification ~~(Topic~~of ~~718):~~the ~~Improvements~~performance toobligations ~~Nonemployee~~in ~~Share-Based~~the ~~Payment~~contract; ~~Accounting.~~● ~~ASU 2018-07~~Determination ~~allows~~of ~~companies~~the totransaction ~~account~~price; ~~for~~● ~~nonemployee~~Allocation ~~awards~~of in the ~~same~~transaction ~~manner~~price asto ~~employee~~the ~~awards.~~performance ~~The~~obligations ~~guidance~~in isthe ~~effective~~contract; ~~for~~and ~~fiscal years~~● ~~beginning~~Recognition ~~after~~of ~~December~~revenue ~~15,~~when ~~2018,~~or ~~and~~as ~~interim~~the ~~periods~~performance ~~within~~obligations ~~those~~are ~~annual periods~~satisfied.

~~Fair Value~~When the product ships control of ~~Financial~~the ~~Instruments~~promised goods is transferred to the customers and the revenue is recognized.

The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP) and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:Warranties

	Level 1:	Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.
	Level 2:	Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.
	Level 3:	Pricing inputs that are generally unobservable inputs and not corroborated by market data.

The Company is currently selling its ResPlus Auto CPAP Machine (“ResPlus”). The ResPlus is imported by the Company and sold primarily to Durable Medical Equipment companies to patients with sleep apnea. The manufacturer warranties the unit for 2 years parts and labor. During the last twelve months the Company has received back eight units for warranty repair, out of approximately 1,000 units sold. As of December 31, 2024, there is no accrual for warranty expense due to the low cost of replacement to date. If returns are to increase, management will determine if it needs to account for the cost of returns and establish a warranty accrual.

The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximate the fair value of such instruments as the notes bear interest rates that are consistent with current market rates.F-8

~~Revenue Recognition~~Accounts Receivable

~~The~~Revenues that have been recognized but not yet received are recorded as accounts receivable. The Company ~~recognizes~~estimates ~~revenue~~credit ~~under~~losses ~~ASC~~based ~~606,~~on ~~“Revenue~~the ~~from~~Current ~~Contracts~~Expected ~~with~~Credit ~~Customers”~~Losses (“CECL) model as required by ASC ~~606”)~~326. The allowance for credit losses is based on a variety of factors, including historical loss experience, current conditions, and reasonable and supportable forecasts of future economic conditions. An allowance for estimated uncollectible amounts will be recognized to reduce the amount of receivables to its net realizable value when needed. Based on collection experience and periodic reviews of outstanding receivables, the Company determines ~~revenue~~ ~~recognition~~if ~~through~~it needs to adjust its allowance. As of December 31, 2024, all the ~~following~~accounts ~~steps:~~receivable balance is due from one customer. As of December 31, 2024 and 2023, management has determined that an allowance for doubtful account is required of $7,000 and $5,590, respectively, for amounts that may not be collectible.

● Identification of a contract with a customer; ● Identification of the performance obligations in the contract; ● Determination of the transaction price; ● Allocation of the transaction price to the performance obligations in the contract; and ● Recognition of revenue when or as the performance obligations are satisfied.Inventories

~~All orders~~Inventories are ~~received~~stated ~~online~~ at ~~which~~the ~~time~~lower ~~payment~~of iscost ~~made~~or net realizable value. Inventory on hand consists of finished goods purchased from third parties. When ~~payment~~there is ~~approved~~evidence that the ~~product~~inventory’s value is ~~shipped.~~less ~~When~~than original cost, the ~~product~~inventory ~~ships~~is ~~control~~reduced to market value. We determine market value on current resale amounts and whether technological obsolescence exists. As of ~~the~~December ~~promised~~31, ~~goods~~2023, isthe ~~transferred~~Company todetermined that the ~~customers~~value of its inventory had fallen below cost and required impairment down to market value. As a result we recognized impairment expense of $738,113 for the ~~revenue~~year isended December 31, 2023. No impairment expense was recognized for the year ended December 31, 2024.

~~F-9~~Recently Adopted Accounting Pronouncements

~~Warranties~~In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures, which requires disclosure of incremental segment information on an annual and interim basis, primarily disclosure of significant segment expense categories and amounts for each reportable segment. The new standard is effective for annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company adopted ASU 2023-07 in the annual financial statements for the year ended December 31, 2024, and for interim periods beginning in 2025. The adoption of ASU 2023-07 did not have a significant impact on the Company’s financial statements.

The Company ishas ~~currently~~implemented ~~selling~~all ~~its~~new ~~ResPlus~~accounting pronouncements ~~Auto~~that ~~CPAP~~are ~~Machine~~in ~~(“ResPlus”)~~effect. These ~~The~~pronouncements ~~ResPlus~~did isnot ~~imported~~have byany ~~the~~material ~~Company~~impact ~~and~~on ~~sold primarily to Durable Medical Equipment companies to patients with sleep apnea. The manufacturer warranties~~ the ~~unit~~financial ~~for~~statements 2unless ~~years~~otherwise disclosed, ~~parts~~ and ~~labor. During~~ the ~~last twelve months the~~ Company ~~has~~does ~~received~~not ~~back~~believe ~~eight~~that ~~units for warranty repair, out of approximately 1,000 units sold. As of December 31, 2023,~~ there isare noany ~~accrual~~other ~~for~~new ~~warranty~~accounting ~~expense~~pronouncements ~~due~~that tohave ~~the~~been ~~low~~issued ~~cost~~that ofmight ~~replacement to date. If returns are to increase, management will~~have ~~determine~~a ifmaterial itimpact ~~needs~~on toits ~~account~~financial ~~for~~position ~~the~~or ~~cost~~results of ~~returns and establish a warranty accrual~~operations.

~~Accounts Receivable~~NOTE 3 – GOING CONCERN

~~Revenues that~~The accompanying financial statements have been ~~recognized~~prepared ~~but not yet~~on ~~received~~a ~~are~~going concern ~~recorded~~basis, aswhich ~~accounts~~contemplates ~~receivable.~~the ~~Losses~~realization onof ~~receivables~~assets ~~will~~and bethe ~~recognized~~satisfaction of liabilities in the normal course of business. The ~~when~~Company ithas isan ~~more~~accumulated ~~likely~~deficit ~~than not that~~of a$15,270,756 ~~receivable~~at ~~will not be~~December ~~collected.~~31, An2024, ~~allowance~~had ~~for~~a ~~estimated~~net ~~uncollectible amounts~~loss ~~will~~of be$1,077,997 ~~recognized~~and tonet ~~reduce~~cash ~~the~~used ~~amount~~in operating activities of ~~receivables~~$683,057 tofor ~~its~~the ~~net~~period ~~realizable~~ended ~~value~~December ~~when~~31 ~~needed~~2024. ~~Based~~The onCompany’s ~~collection~~ability ~~experience~~to raise additional capital through the future issuances of common stock and/or ~~periodic~~debt ~~reviews~~financing is unknown. The obtainment of ~~outstanding~~additional ~~receivables~~financing, ~~for~~the successful development of the ~~year~~Company’s contemplated ~~ended~~plan ~~December~~of 31operations, ~~2023~~and its transition, ~~the~~ultimately, ~~Company~~to ~~recognized~~the ~~$20,886~~attainment of ~~bad~~profitable ~~debt~~operations ~~expense~~ are necessary for ~~uncollectable~~the ~~accounts~~Company to continue operations. AsThese ofconditions ~~December~~and ~~31,~~the ~~2023,~~ability ~~management~~to ~~has~~successfully ~~determined~~resolve ~~that~~these anfactors ~~allowance~~over the next twelve months raise substantial ~~for~~doubt ~~doubtful~~about ~~account~~the isCompany’s ~~required~~ability to continue as a going concern. The financial statements of ~~$5,590~~the ~~for~~Company ~~amounts~~do not include any adjustments that may ~~not~~result befrom ~~collectible~~the outcome of these aforementioned uncertainties.

~~Inventories~~The Company received its FDA 510k approval for its DeltaWave product on July 2, 2024. We expect to have product inventory ready for the market in the second quarter of 2025. The Company will continue to finance its operations through debt and/or equity financing as needed.

~~Inventories~~NOTE ~~are~~4 ~~stated~~– atPROPERTY ~~the~~& lower of cost or net realizable value. Inventory on hand consists of finished goods purchased from third parties. When there is evidence that the inventory’s value is less than original cost, the inventory is reduced to market value. We determine market value on current resale amounts and whether technological obsolescence exists. As of December 31, 2023, the Company determined that the value of its inventory had fallen below cost and required impairment down to market value. As a result we recognized impairment expense of $738,113 for the year ended December 31, 2023.EQUIPMENT

~~Recently~~Long lived assets, including property and equipment ~~Adopted~~and ~~Accounting~~certain ~~Pronouncements~~intangible assets to be held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of the assets may not be recoverable. Impairment losses are recognized if expected future cash flows of the related assets are less than their carrying values. Measurement of an impairment loss is based on the fair value of the asset. Long-lived assets and certain identifiable intangibles to be disposed of are reported at the lower of carrying amount or fair value less cost to sell.

~~The Company~~Property ~~has~~and ~~implemented~~Equipment ~~all~~and ~~new~~intangible ~~accounting~~assets ~~pronouncements that~~ are first inrecorded ~~effect~~at cost. ~~These~~ ~~pronouncements~~Depreciation ~~did~~and/or ~~not~~amortization ~~have~~is ~~any~~computed ~~material~~using ~~impact on~~ the ~~financial~~straight-line ~~statements~~method ~~unless~~over ~~otherwise disclosed, and~~ the ~~Company~~estimated ~~does~~useful ~~not~~lives ~~believe that there are any other new accounting pronouncements~~of ~~that~~the ~~have~~various ~~been~~classes ~~issued~~of ~~that~~assets ~~might~~as ~~have~~follows abetween ~~material~~three ~~impact~~and onfive ~~its financial position or results of operations~~years.

~~NOTE~~Maintenance and repair expenses, as incurred, 3are -charged ~~GOING~~to ~~CONCERN~~expense. Betterments and renewals are capitalized in plant and equipment accounts. Cost and accumulated depreciation applicable to items replaced or retired are eliminated from the related accounts with any gain or loss on the disposition included as income.

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has an accumulated deficit of $14,192,759 at December 31, 2023, had a net loss of $1,777,838 and net cash used in operating activities of $791,309 for the year ended December 31, 2023. The Company’s ability to raise additional capital through the future issuances of common stock and/or debt financing is unknown. The obtainment of additional financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. These conditions and the ability to successfully resolve these factors over the next twelve months raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements of the Company do not include any adjustments that may result from the outcome of these aforementioned uncertainties.F-9

~~The Company~~Assets ~~has~~stated ~~completed~~at ~~its initial product development and has begun selling its product in Q2 of 2022. In addition~~cost, ~~the~~less ~~Company~~accumulated ~~has~~depreciation ~~been in~~consisted ~~the process~~ of ~~obtaining its 510k for its DeltaWave product. FDA approval is expected by~~ the ~~second quarter of 2024. The Company will~~ ~~continue to finance its operations through debt and/or equity financing as needed.~~following:

F-10

	December 31, 2024			December 31, 2023
Furniture/fixtures	$	39,746		$	39,746
Office equipment		43,780			43,780
Automobile		37,410			37,410
Tooling/Molds		86,205			214,454
Less: accumulated depreciation		(133,332	)		(152,854	)
Fixed assets, net	$	73,809		$	182,536

~~NOTE~~During the year ended December 31, 2024, the Company 4wrote -off ~~PROPERTY~~certain &molds ~~EQUIPMENT~~that were no longer in use, resulting in a loss on disposal of fixed assets of $159,593.

~~Long lived~~Depreciation assets, including property and equipment and certain intangible assets to be held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of the assets may not be recoverable. Impairment losses are recognized if expected future cash flows of the related assets are less than their carrying values. Measurement of an impairment loss is based on the fair value of the asset. Long-lived assets and certain identifiable intangibles to be disposed of are reported at the lower of carrying amount or fair value less cost to sell.expense

~~Property and Equipment and intangible assets are first recorded at cost.~~ Depreciation ~~and/or~~expense ~~amortization~~for isthe ~~computed~~years ~~using~~ended ~~the straight-line~~December ~~method~~31, ~~over~~2024 ~~the~~and ~~estimated~~2023 ~~useful~~was ~~lives~~$73,834 ~~of the various classes of assets as follows between three~~ and ~~five~~$102,198, ~~years~~respectively.

~~Maintenance and~~NOTE ~~repair~~5 ~~expenses,~~– asCONVERTIBLE ~~incurred,~~NOTE are charged to expense. Betterments and renewals are capitalized in plant and equipment accounts. Cost and accumulated depreciation applicable to items replaced or retired are eliminated from the related accounts with any gain or loss on the disposition included as income.PAYABLE

~~Assets~~On January 10, 2024, the Company issued a 10% Convertible Promissory ~~stated~~Note (the “Note”) for $143,000 to 1800 Diagonal Lending LLC (“1800 Diagonal”). The Note includes an OID of $18,000 and matures on January 10, 2025. The OID includes $5,000 withheld for legal fees. The Note is convertible into shares of common stock, beginning 180 days after the issue date, at ~~cost~~a 25% discount to the average of the three lowest trades during the ten days prior to the date of conversion. The Company recorded an original debt discount of $118,887 ~~less~~($18,000 ~~accumulated~~OID, ~~depreciation~~$100,877 ~~consisted~~from derivative) to be amortized over the one-year term of the ~~following:~~loan. On July 16, 2024, 1800 Diagonal converted $50,000 of principal into 5,000,000 shares of common stock. On July 24, 2024, the remaining principal and interest of $93,000 and $6,246, respectively, was repaid, along with an additional $16,574 early payment penalty fee.

	December 31, 2023			December 31, 2022
Furniture/fixtures	$	39,746		$	39,746
Office equipment		43,780			43,780
Automobile		37,410			29,905
Tooling/Molds		214,454			86,005
Less: accumulated depreciation		(152,854	)		(61,456	)
Fixed assets, net	$	182,536		$	137,980

During the year ended December 31, 2024, $118,877 was amortized to interest expense. The debt discount balance as of December 31, 2024, is $0.

~~Depreciation~~On November 18, 2024, the Company issued a 10% ~~expense~~Convertible Promissory Note for $116,600 to 1800 Diagonal. The Note includes an OID of $16,600 and matures on August 30, 2025. The OID includes $6,000 withheld for legal fees. The Note is convertible into shares of common stock, beginning 180 days after the issue date, at a 25% discount to the average of the three lowest trades during the ten days prior to the date of conversion. The Company recorded an original debt discount of $116,600 ($16,600 OID, $100,000 from derivative) to be amortized over the one-year term of the loan. As of December 31, 2024, there is $116,600 and $1,406 of principal and interest, respectively, due on the loan.

~~Depreciation expense~~During ~~for~~ the ~~years~~year ended December 31, ~~2023~~2024, ~~and~~$16,438 was ~~2022~~amortized ~~was~~to ~~$102,198~~interest ~~and~~expense. ~~$61~~The debt discount balance as of December 31,~~079~~ 2024, ~~respectively~~is $100,162.

~~NOTE~~A summary of the activity of the derivative liability 5for -the ~~RELATED~~notes ~~PARTY~~above ~~TRANSACTIONS~~is as follows:

The Company has received support from its Chairman, Russell Bird through a series of loans prior to 2019 for a total loan of $179,191. The loan is unsecured and due on demand. During the three months ended March 31, 2023, the Company repaid $100,000 of the loan. On June 14, 2023, the company repaid $79,191 and $97,209 of principal and interest, respectively, paying the loan back in full. As of December 31, 2023 and 2022, the balance due is $0 and $179,191, respectively. Beginning on January 1, 2019, the balance due accrues interest at 12.5%. As of December 31, 2023 and 2022, total accrued interest is $0 and $90,119, respectively.

Balance at December 31, 2023		—
Increase to derivative due to new issuances		207,350
Decrease to derivative due to conversion/repayments		(28,269	)
Derivative gain due to mark to market adjustment		(27,067	)
Balance at December 31, 2024	$	152,014

The Company executed a new employment agreement with Mr. Wood on April 1, 2022. Per the terms of the agreement Mr. Wood is to be compensated $8,000 per month. As of December 31, 2023 and 2022, there is $14,500 and $2,000 of accrued compensation, respectively, due to Mr. Wood. During the years ended December 31, 2023 and 2022, cash payments of $83,500 and $84,000, respectively, were paid to Mr. Wood.F-10

~~The Company~~A ~~executed~~summary aof ~~new~~quantitative ~~employment~~information ~~agreement~~about ~~with~~significant unobservable ~~its~~inputs ~~Chairman,~~(Level ~~Russell~~3 ~~Bird,~~inputs) onused ~~April~~in 1,measuring ~~2022. Per~~ the ~~terms~~Company’s ofderivative ~~the~~liability ~~agreement,~~that ~~which is~~are ~~effective~~categorized ~~for~~within ~~one~~Level ~~year,~~3 ~~Mr.~~of the ~~Bird~~fair isvalue tohierarchy beas ~~compensated $8,000 per month. As~~ of December 31, ~~2023~~2024 ~~and 2022, there~~ is ~~$46,000~~as and $50,000 of accrued compensation, respectively, due to Mr. Bird. During the years ended December 31, 2023 and 2022, cash payments of $44,000 and $76,000, respectively, were paid to Mr. Bird. Effective June 1, 2023, Mr. Bird resigned from all positions with the Company.follows:

The Company has entered into an at-will consulting agreement with Jonathan Lane to serve as Chief Technology Officer. During the years ended December 31, 2023 and 2022, the Company made cash payments to Mr. Lane of $36,000 and $66,000, respectively.

Inputs	December 31 2024			Initial Valuation
Stock price	$	0.0083		$	0.0076 - 0.0162
Conversion price	$	0.0039		$	0.0045 - 0.0107
Volatility (annual)		111.69	%		76.34 – 105.7	%
Risk-free rate		4.24	%		4.44 - 4.82	%
Dividend rate		—			—
Years to maturity		0.66			1

~~F-11~~NOTE 6 – RELATED PARTY TRANSACTIONS

~~During~~The Company executed a new employment agreement with Mr. Wood on April 1, 2022. Per the ~~years~~terms ~~ended~~of the agreement Mr. Wood is to be compensated $8,000 per month. As of December 31, 2024 and 2023, there is $0 and ~~2022~~$14,500 of accrued compensation, respectively, due to Mr. Wood. During the ~~Company~~years ~~paid~~ended December 31, 2024 and 2023, cash payments of $1995,000 and $983,500, respectively, were paid to ~~the~~Mr. ~~brother~~Wood. As of ~~the~~December 31, ~~CEO~~2024, ~~for~~there ~~services~~is ~~related~~$7,500 toof ~~development~~prepaid ofcompensation ~~the~~expense ~~Company’s product~~for Mr. Wood.

~~During~~As ~~the~~of ~~years ended~~ December 31, ~~2023~~2024 and ~~2022~~December 31, 2023, ~~the~~there ~~Company~~is ~~paid~~ $046,000 and $146,000 of accrued compensation, respectively, due to Russell Bird, the ~~son~~former ofChairman. ~~the~~Effective ~~CEO~~June ~~for~~1, ~~website~~2023, Mr. ~~design~~Bird ~~services~~resigned from all positions with the Company.

OnThe ~~September 6, 2023, the~~ Company has entered into an ~~intellectual~~at-will ~~property~~consulting agreement ~~assignment~~with ~~agreement~~Jonathan ~~(the~~Lane ~~“IP~~to ~~Purchase~~serve ~~Agreement”)~~as ~~with~~Chief MrTechnology Officer. ~~Wood~~During the years ended December 31, ~~pursuant~~2024 toand ~~which~~2023, the Company ~~has~~made ~~agreed~~cash topayments ~~issue~~ to Mr. ~~Wood~~Lane ~~a total~~ of 2$47,000 and $36,000, ~~shares of Series C Preferred Stock~~respectively.

~~NOTE~~During 6the -years ~~OPERATING~~ended ~~LEASES~~December 31, 2024 and 2023, the Company paid $31,100 and $19,000, respectively, to the brother of the CEO for services related to development of the Company’s product. The payments are accounted for in development expense.

~~The~~On ~~Company~~September ~~entered~~6, ~~into a Lease Agreement (the “Lease”) with 14175 Icot Blvd~~2023, ~~LLC (~~the ~~“Lessor”),~~Company ~~effective~~entered ~~May 1, 2022, relating to approximately 9,677 square~~into ~~feet~~an ofintellectual property ~~located~~assignment atagreement ~~14175 Icot Blvd, Clearwater, FL 33760. The term of~~ (the ~~Lease~~“IP isPurchase ~~for thirty-six (36~~Agreement”) ~~months~~with ~~commencing May 1, 2022~~Mr. ~~The monthly base rent~~Wood, ~~including~~pursuant ~~tax~~to iswhich ~~$8,686.71 for~~ the ~~first~~Company ~~twelve~~has agreed ~~(12) months increasing thereafter~~ to ~~$9,034.17~~issue ~~for the next 12 months and~~ to ~~$12,287~~Mr.63 ~~for~~Wood ~~the~~a ~~last~~total 12of ~~months. The Company paid $69~~2,~~494~~000,000 shares of ~~advanced~~Series ~~rent.~~C ~~The~~Preferred ~~advance rent is to be allocated equally over the first two years of the lease~~Stock.

InNOTE ~~February~~7 ~~2016,~~– ~~the~~OPERATING FASB issued Accounting Standard Update (“ASU”) 2016-02, Leases (Topic 842), which superseded guidance in ASC 840, Leases. We account for short-term leases, those lasting fewer than 12 months, using the practical expedient as outlined in the guidance, which does not include recording such leases on the balance sheet.LEASES

~~Adoption~~The ofCompany ~~Accounting~~entered ~~Standard~~into ~~Update~~a Lease Agreement (the “~~ASU~~Lease”) ~~2016-02~~ with 14175 Icot Blvd, ~~Leases~~LLC (~~Topic~~the ~~842~~“Lessor”), ~~resulted~~effective inMay ~~recording~~1, an2022, ~~initial~~relating ~~right-~~to approximately 9,677 square feet of property located at 14175 Icot Blvd, Clearwater, FL 33760. The term of the Lease is for thirty-~~use~~six (~~“ROU”~~36) ~~assets~~months ~~and~~commencing ~~operating~~May 1, 2022. ~~lease~~The ~~liabilities~~monthly base rent, including tax is $8,686.71 for the first twelve (12) months increasing thereafter to $9,034.17 for the next of12 months and to $~~328~~12,~~803~~287.63 onfor ~~May~~the 1last 12 months. The Company paid $69,494 ~~2022~~of advanced rent. The advance rent is to be allocated equally over the first two years of the lease.

Asset	Balance Sheet Classification	December 31, 2023
Operating lease asset	Right of use asset	$	177,796
Total lease asset		$	177,796
Liability
Operating lease liability – current portion	Current operating lease liability	$	134,438
Operating lease liability – noncurrent portion	Long-term operating lease liability		43,676
Total lease liability		$	178,114

During the year ended December 31, 2024, it was agreed that the monthly lease expense would remain at the original $8,686.71.

~~Lease~~In ~~obligations~~February at2016, ~~December~~the FASB issued Accounting Standard 31Update (“ASU”) 2016-02, ~~2023~~Leases ~~consisted~~(Topic of842), which superseded guidance in ASC 840, Leases. We account for short-term leases, those lasting fewer than 12 months, using the ~~following:~~practical expedient as outlined in the guidance, which does not include recording such leases on the balance sheet.

For the year ended December 31:
2024	$	134,438
2025		49,151
Total payments	$	183,589
Amount representing interest	$	(5,475	)
Lease obligation, net		178,114
Less current portion		(134,438	)
Lease obligation – long term	$	43,676

Adoption of Accounting Standard Update (“ASU”) 2016-02, Leases (Topic 842), resulted in recording an initial right-of-use (“ROU”) assets and operating lease liabilities of $328,803 on May 1, 2022.

The operating lease expense for the above agreement for the year ended December 31, 2023, was $136,320 which consisted of amortization expense of $103,613, $18,928 of prepaid rent and interest expense of $13,779.

Asset	Balance Sheet Classification	December 31, 2024		December 31, 2023
Operating lease asset	Right of use asset	$	16,154	$	177,796
Total lease asset		$	16,154	$	177,796

Liability
Operating lease liability – current portion	Current operating lease liability	$	9,136	$	134,438
Operating lease liability – noncurrent portion	Long-term operating lease liability		—		43,676
Total lease liability		$	9,136	$	178,114

~~During the year ended December 31, 2023, the Company also incurred $8,675 of rent expense for an apartment used by Company personnel. The apartment is a monthly, short~~F-~~term rental.~~11

~~F-12~~The operating lease expense for the above agreement for the year ended December 31, 2024, was $96,905 which consisted of amortization expense of $88,653 and interest expense of $8,252.

~~NOTE~~The 7operating lease -expense ~~COMMON~~for ~~STOCK~~the above agreement for the year ended December 31, 2023, was $136,320 which consisted of amortization expense of $103,613, $18,928 of prepaid rent and interest expense of $13,779.

During Q1the ~~2022~~year ended December 31, ~~Granite~~2023, ~~Global~~the ~~Value~~Company ~~converted~~ also incurred $~~152~~8,~~880~~675 of ~~principal~~rent ~~and~~expense ~~interest~~for ~~into~~an ~~16,146,666~~apartment ~~shares~~used ofby ~~common~~Company ~~stock~~personnel. The apartment is a monthly, short-term rental.

~~During~~NOTE Q18 ~~2022,~~– ~~the~~COMMON ~~Company~~STOCK ~~issued 70,128,204 shares of common stock for the conversion of warrants.~~TRANSACTIONS

~~During~~On Q1July ~~2022~~16, ~~the~~2024, ~~Company~~1800 ~~sold~~Diagonal ~~114~~converted $50,000~~,000~~ ~~shares~~ of ~~common~~principal ~~stock for total cash proceeds of $855~~into 5,000.,000 ~~The~~ shares ~~were sold pursuant to its Tier 2~~ of ~~Regulation~~common Astock ~~Offering~~(Note ~~Statement~~5).

During Q1the ~~and~~year ~~Q2 2022,~~ended ~~Power Up Lending~~December ~~Group~~31, ~~LTD converted $274~~2024,~~850~~ ofthe ~~principal~~Company ~~and~~sold ~~interest into 27~~57,~~332~~003,~~996~~525 shares of common stock to Quick Capital LLC for total proceeds of $420,000.

NOTE 89 -– PREFERRED STOCK

The Company is currently authorized to issue 5,000,000 shares of Series A Preferred Stock, par value $0.001 per share with 1:25 voting rights. The Series A Preferred Stock ranks equal to the common stock on liquidation, pays no dividend and is convertible to common stock for one share of common for one share of Series A Preferred Stock.

The Company is currently authorized to issue 5,000,000 shares of Series B Preferred Stock, par value $0.001 per share. Each share of Series B Preferred Stock has a 1:100 voting right and is convertible into 100 shares of common stock. No dividends will be paid and in the event of liquidation all shares of Series B will automatically convert into common stock. There are 500,000 shares of Series B Preferred Stock issued and outstanding.

The Company is currently authorized to issue 5,000,000 shares of Series C Preferred Stock, par value $0.001 per share. On July 24, 2023, the Company filed an Amended and Restated Certificate of Designations of the Series C Preferred Shares. The Series C Preferred may vote on any action upon which holders of the Company’s common stock may vote, and they shall vote together as one class with voting rights equal to eighty one percent (81%) of all the issued and outstanding shares of common stock of the Company. Each share of Series C Preferred can be converted into 300 shares of the Company’s common stock.

~~NOTE~~On 9September -6, ~~INCOME~~2023, ~~TAX~~the Company entered into an intellectual property assignment agreement (the “IP Purchase Agreement”) with Mr. Wood, pursuant to which the Company has agreed to issue to Mr. Wood a total of 2,000,000 shares of Series C Preferred Stock.

Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company has evaluated Staff Accounting Bulletin No. 118 regarding the impact of the decreased tax rates of the Tax Cuts & Jobs Act. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The U.S. federal income tax rate of 21% is being used.F-12

~~The~~NOTE ~~provision~~10 ~~for~~– ~~Federal~~INCOME ~~income tax consists of the following December 31:~~TAX

	2023			2022
Federal income tax benefit attributable to:
Current Operations	$	373,000		$	312,000
Less: valuation allowance		(373,000	)		(312,000	)
Net provision for Federal income taxes	$	-		$	-

~~F-13~~The provision for Federal income tax consists of the following December 31:

The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows:

	2024			2023
Federal income tax benefit attributable to:
Current Operations	$	226,000		$	373,000
Less: valuation allowance		(226,000	)		(373,000	)
Net provision for Federal income taxes	$	-		$	-

	2023			2022
Deferred tax asset attributable to:
Net operating loss carryover	$	2,980,000		$	2,494,000
Less: valuation allowance		(2,980,000	)		(2,494,000	)
Net deferred tax asset	$	-		$	-

The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows:

At December 31, 2023, the Company had net operating loss carry forwards of approximately $2,980,000 that may be offset against future taxable income. NOLs from tax years up to 2017 can be carried forward twenty years. Under the CARES Act, the Company carry forward NOLs indefinitely for NOLs generated in a tax year beginning after 2017, that remain after they are carried back to tax years in the five-year carryback period. No tax benefit has been reported in the December 31, 2023 financial statements since the potential tax benefit is offset by a valuation allowance of the same amount.

	2024			2023
Deferred tax asset attributable to:
Net operating loss carryover	$	3,207,000		$	2,980,000
Less: valuation allowance		(3,207,000	)		(2,980,000	)
Net deferred tax asset	$	-		$	-

~~Due~~At toDecember ~~the~~31, ~~change~~2024, inthe ~~ownership~~Company ~~provisions~~had ofnet ~~the Tax~~operating ~~Reform~~loss ~~Act~~carry forwards of ~~1986~~approximately $3,207,000 ~~net~~that ~~operating~~may ~~loss~~be ~~carry~~offset ~~forwards~~against ~~for~~future ~~Federal~~taxable ~~Income~~income. ~~tax~~NOLs ~~reporting~~from ~~purposes~~tax ~~are~~years ~~subject~~up to ~~annual~~2017 ~~limitations. Should~~can abe ~~change~~carried inforward ~~ownership~~twenty years. ~~occur,~~Under ~~net~~the ~~operating~~CARES ~~loss~~Act, ~~carry~~the ~~forwards~~Company ~~may~~carry beforward ~~limited~~NOLs asindefinitely tofor ~~use~~NOLs generated in ~~future~~a tax ~~years.~~year ~~With~~beginning ~~few~~after ~~exceptions~~2017, ~~the Company~~that isremain noafter ~~longer~~they ~~subject~~are carried back to Utax years in the five-year carryback period.S. ~~federal~~No tax benefit has been reported in the December 31, ~~state~~2024 ~~and~~financial ~~local~~statements ~~income~~since the potential tax ~~examinations~~benefit is offset by ~~tax~~a ~~authorities~~valuation ~~for~~allowance ~~years~~of the ~~before~~same ~~2016~~amount.

~~NOTE~~Due 10to -the ~~WARRANTS~~change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards for Federal Income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry forwards may be limited as to use in future years. With few exceptions, the Company is no longer subject to U.S. federal, state and local income tax examinations by tax authorities for years before 2016.

	Number of Warrants			Weighted Average Exercise Price		Weighted Average Remaining Contract Term		Aggregate Intrinsic Value
Exercisable at December 31, 2021		226,500,000		$	0.0013		3.78	$	—
Granted (1)		6,000,000		$	—		—	$	—
Expired		—		$	—		—	$	—
Exercised		(60,000,000	)	$	—		—	$	—
Exercisable at December 31, 2022		172,500,000		$	0.0104		3.14	$	1,665,500
Granted		—		$	—		—	$	—
Expired		—		$	—		—	$	—
Cancelled		(172,500,000	)	$	—		—	$	—
Exercisable at December 31, 2023 (2)		—		$	—		—	$	—

NOTE 11 – SUBSEQUENT EVENTS

~~(1)~~In ~~The~~accordance ~~outstanding~~with ~~warrants~~SFAS ~~include~~165 an(ASC ~~anti~~855-~~dilutive~~10) ~~clause~~management has ~~requiring~~performed ~~adjustment~~an toevaluation ~~the~~of ~~exercise~~subsequent ~~price~~events ~~for~~through ~~any reason outlined in~~ the ~~agreement.~~date ~~The number of warrant shares is increased so~~ that the ~~aggregated~~financial ~~exercise~~statements ~~price~~were isavailable ~~equal~~ to ~~the~~be ~~original~~issued ~~exercise~~and ~~price.~~has ~~The~~determined that ~~fair~~it ~~value~~has ofthe ~~any~~following ~~additional~~material ~~warrants~~subsequent isevent ~~recognized~~to asdisclose ain ~~deemed~~these ~~dividend~~financial statements.

~~(2)~~On ~~The~~February 7, 2025, the Company ~~received~~issued a ~~Settlement~~10% Convertible ~~and~~Promissory ~~Mutual~~Note ~~Release~~(the ~~Agreement~~“Note”) for $66,000 ~~effective~~to ~~July~~1800 Diagonal Lending LLC. The Note includes an OID of $6,000 ~~2023~~and matures on November 15, ~~from~~2025. ~~Granite~~The ~~Global~~Note ~~Value~~is ~~Investments~~convertible ~~Ltd~~into shares of common stock, ~~that~~beginning ~~cancels~~180 ~~all~~days ~~remaining~~after ~~warrants~~the ~~with~~issue date, at a 25% discount to the ~~Company~~average of the three lowest trades during the ten days prior to the date of conversion.

~~NOTE 11~~ F- ~~COMMITMENTS AND CONTINGENCIES~~13

The Company has been in the process of obtaining its 510k for DeltaWave. This requires a myriad of tests to prove to the FDA that the device is safe and effective. The company has diligently carried out these tests through independent testing labs. There have been no issues aside from a negative result on a cytotoxicity test due to incorrect procedures performed by a third-party lab. This roadblock has required the company to perform a retest. The company has failed the retest due to what is believed to be a faulty analysis by the testing company. The company believes they can narrow down the exact part of the device that is failing the test and quickly resolve this matter. The company has engaged a new testing company appropriately suited for the Company’s specific testing requirements. Testing is expected to be completed in the second quarter of 2024. The 510K will be submitted immediately after testing is completed.

NOTE 12 - SUBSEQUENT EVENTS

In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the financial statements were available to be issued and has determined that it has the following material subsequent event to disclose in these financial statements.

On January 10, 2024, the Company issued a 10% Convertible Promissory Note (the “Note”) for $143,000 to 1800 Diagonal Lending LLC. The Note includes an OID of $13,000 and matures on January 10, 2025. The Note is convertible into shares of common stock, beginning 180 days after the issue date, at a 25% discount to the average of the three lowest trades during the ten days prior to the date of conversion.

F-14

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

ITEM 9A. CONTROLS AND PROCEDURES

Management’s Report Disclosure Controls and Procedures

During the fourth quarter of the year ended December 31, ~~2023~~2024, we carried out an evaluation, under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, of the effectiveness of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)). Based upon that evaluation, our principal executive officer and principal financial officer concluded that, as of the end of the period covered in this report, our disclosure controls and procedures were not effective to ensure that information required to be disclosed in reports filed under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the required time periods specified in the Commission’s rules and forms and is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.

Our principal executive officer and principal financial officer, do not expect that our disclosure controls and procedures or our internal controls will prevent all error or fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs. Due to the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected.

To address the material weaknesses, we performed additional analysis and other post-closing procedures in an effort to ensure our financial statements included in this annual report have been prepared in accordance with generally accepted accounting principles. In addition, we engaged accounting consultants to assist in the preparation of our financial statements. Accordingly, management believes that the financial statements included in this report fairly present in all material respects our financial condition, results of operations and cash flows for the periods presented.

Management’s Report on Internal Control over Financial Reporting

Internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) is a process designed by, or under the supervision of, our principal executive and principal financial officers, and effected by our board of directors, management and other personnel, 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. The management is responsible for establishing and maintaining adequate internal control over our financial reporting. Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of the effectiveness of our internal control over financial reporting using the Internal Control – Integrated Framework (2013) developed by the Committee of Sponsoring Organizations of the Treadway Commission. Based on this evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that our internal control over financial reporting were not effective as of December 31, ~~2023~~2024.

We are aware of the following material weaknesses in internal ~~control~~controls over financial reporting that could adversely affect the Company’s ability to record, process, summarize and report financial data:

● Due to our size and limited resources, we currently do not employ the appropriate accounting personnel to ensure (a) we maintain proper segregation of duties, (b) that all transactions are entered timely and accurately, ~~and~~ (c) we properly account for complex or unusual transactions, and (d) maintain accounting records and review and approval of those accounting records. ● Due to our size and scope of operations, we currently do not have an independent audit committee in place ● Due to our size and limited resources, we have not properly documented a complete assessment of the effectiveness of the design and operation of our internal control over financial reporting.

Inherent limitations on effectiveness of controls

Internal control over financial reporting has inherent limitations, which include but is not limited to the use of independent professionals for advice and guidance, interpretation of existing and/or changing rules and principles, segregation of management duties, scale of organization, and personnel factors. Internal control over financial reporting is a process, which involves human diligence and compliance and is subject to lapses in judgment and breakdowns resulting from human failures. Internal control over financial reporting also can be circumvented by collusion or improper management override. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements on a timely basis, however these inherent limitations are known features of the financial reporting process and it is possible to design into the process safeguards to reduce, though not eliminate, this risk. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. Projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Changes in Internal Control over Financial Reporting

There have been no changes in our internal controls over financial reporting that occurred during the fourth quarter of the year ended December 31, ~~2023~~2024, that have materially or are reasonably likely to materially affect, our internal controls over financial reporting.

ITEM 9B. OTHER INFORMATION

None

Item 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

None.

PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

Directors and Executive Officers

The names of our director and executive officers as of December 31, ~~2022~~2024, their ages, positions, and biographies are set forth below. Our executive officers are appointed by, and serve at the discretion of, our board of directors.

Name	Age	Position(s)
Tom Wood	7778	Chief Executive Officer and Director
Jonathan B. Lane	6364	Vice President and Chief Technology Officer

Thomas J. Wood has been our Chief Executive Officer and Director effective January 1, 2015. From May 23, 2013 to the present, he has been the Managing Member of REMSleep, LLC, an Iowa limited liability company. Thomas J. Wood has been awarded several U.S. patents in the area of sleep apnea. He is the inventor and developer of Nasal Aire, which won the 2004 Frost and Sullivan Award for Product Innovation. His US Patents also include the Nasal Aire II and Petite Nasal Aire. Tom has 25 years of experience as a respiratory therapist in the ICU at Baylor Medical Center and Parkland Memorial hospitals in Dallas, Texas. He also worked for two years with the Muscular Dystrophy Association, responsible for respiratory care for patients with Amyotrophic Lateral Sclerosis.

Jonathan B. Lane has been serving as the Chief Technology Officer of the Company since July 2018 and Vice President since January 2019. Mr. Lane has 35 years of design and engineering experience. He was the CEO/Founder of Badencorp from 1992 to 2018, and Director of Engineering/Co-founder of Searchmont Engine Company from 2006 to 2009. Jonathan worked twelve years for various fortune 500 companies including Boeing, General Dynamics and Bell Helicopter. From there, he went on to form his own company, Badencorp, which specialized in providing engineering and design services across all disciplines within Aerospace, Automotive, Biomedical, Consumer Products and Heavy Industries.

Indemnification of Directors and Officers

Our Articles of Incorporation and Bylaws both provide for the indemnification of our officers and directors, to the fullest extent, permitted by Nevada law.

Compliance with Section 16(a) of the Exchange Act

Section 16(a) of the Securities Exchange Act of 1934 requires our directors, executive officers and persons who own more than ten percent of our common stock, to file with the SEC initial reports of ownership and reports of changes in ownership of common stock. Officers, directors and ten-percent or greater beneficial owners are required by SEC regulations to furnish us with copies of all Section 16(a) reports they file. Based upon a review of those forms and representations regarding the need for filing for the year ended December 31, ~~2023~~2024, we believe all necessary forms have been filed.

Insider Trading

During the fiscal year ended December 31, 2024, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “nonRule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

Board Composition

Our Board of Directors currently consists of Thomas J. Wood. Directors of the Company serves until the next annual meeting of stockholders and until his successor is elected and duly qualified, or until his earlier death, resignation or removal. Our board is authorized to appoint persons to the offices of Chairman of the Board of Directors, President, Chief Executive Officer, one or more vice presidents, a Treasurer or Chief Financial Officer and a Secretary and such other offices as may be determined by the board.

Director Independence

We currently do not have any independent directors, as the term “independent” is defined in Section 803A of the NYSE Amex LLC Company Guide. Since the OTC Markets does not have rules regarding director independence, the Board makes its determination as to director independence based on the definition of “independence” as defined under the rules of the New York Stock Exchange (“NYSE”) and American Stock Exchange (“Amex”).

Board Committees

Our board does not currently have a standing Audit Committee, Compensation Committee or Nominating/Corporate Governance Committee due the board’s limited size and the Company’s limited operations. The entire Board of Directors performs all functions that would otherwise be performed by committees. Given the present size of our Board, it is not practical for us to have committees other than those described above, or to have more than two directors on such committees. If we are able to grow our business and increase our operations, we intend to expand the size of our board and our committees and allocate responsibilities accordingly.

Board Leadership Structure and Risk Oversight

The Board of Directors oversees our business and considers the risks associated with our business strategy and decisions. The board currently implements its risk oversight function as a whole. Each of the board committees, when established, will provide risk oversight in respect of its areas of concentration and report material risks to the board for further consideration.

Code of Ethics

We have not adopted a code of ethics due to our limited size. We intend to adopt a code of ethics when warranted.

ITEM 11. EXECUTIVE COMPENSATION

Summary Compensation

The following table provides information as to cash compensation of all executive officers of the Company, for each of the Company’s last two fiscal years.

SUMMARY COMPENSATION TABLE
									~~Stock~~	Stock		~~Option~~	Option		~~Non-Equity Incentive Plan~~	Non-Equity Incentive Plan		~~Nonqualified Deferred Compensation~~	Nonqualified Deferred Compensation		~~All Other~~	All Other
Name and			~~Salary~~	Salary		~~Bonus~~	Bonus		~~Awards~~	Awards		~~Awards~~	Awards		~~Compensation~~	Compensation		~~Earnings~~	Earnings		~~Compensation~~	Compensation		~~Total~~	Total
principal position	Year		~~($)~~	($)		~~($)~~	($)		~~($)~~	($)		~~($)~~	($)		~~($)~~	($)		~~($)~~	($)		~~($)~~	($)		~~($)~~	($)
Russell Bird (1)	~~2023~~		$	~~44,000~~		$	0		$	0		$	0		$	0		$	0		$	0		$	~~44,000~~
(former Chairman)	~~2022~~	2023	$	~~81,000~~$	44,000	$	0$	0	$	0$	0	$	0$	0	$	0$	0	$	0$	0	$	0$	0	$	~~81,000~~$	44,000
Tom Wood	~~2023~~	2024	$	~~83,500~~$	95,000	$	0$	0	$	0$	0	$	0$	0	$	0$	0	$	0$	0	$	0$	0	$	~~83,500~~$	95,000
(Chief Executive Officer)	~~2022~~	2023	$	~~84,000~~$	83,500	$	0$	0	$	0$	0	$	0$	0	$	0$	0	$	0$	0	$	0$	0	$	~~84,000~~$	83,500
Jonathan B. Lane	~~2023~~	2024	$	~~36,000~~$	47,000	$	0$	0	$	0$	0	$	0$	0	$	0$	0	$	0$	0	$	0$	0	$	~~36,000~~$	47,000
(Vice President and Chief Technology Officer)	~~2022~~	2023	$	~~66,000~~$	36,000	$	0$	0	$	0$	0	$	0$	0	$	0$	0	$	0$	0	$	0$	0	$	~~66,000~~$	36,000

(1)	Effective June 1, 2023, Mr. Bird resigned from all positions with the Company.

Outstanding Equity Awards at Fiscal Year End. There were no outstanding equity awards as of December 31, ~~2023~~2024.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

The following table sets forth, as of April 2, 2024, certain information with respect to the beneficial ownership of shares of our common stock by: (i) each person known to us to be the beneficial owner of more than five percent (5%) of our outstanding shares of common stock, (ii) each director or nominee for director of our Company, (iii) each of the executives, and (iv) our directors and executive officers as a group. Unless otherwise indicated, the address of each shareholder is c/o our company at our principal office address:

Name and Address of Beneficial Owner(1)(2)	Shares of Common Stock		Percent of Class
Russell Bird, former Chairman (3)		26,219,494		*1.72	%
Tom Wood, CEO (4)		25,969,494		1.78	%
Jonathan B. Lane, COO		1,000,000		*
All Officers and Directors as a Group (3 persons)		53,188,988		3.57	%

*	- less than 1%

(1)	Beneficial ownership is calculated based on 1,~~461~~523,~~616~~620,~~601~~126 shares of common stock issued and outstanding as of the date hereof, together with securities exercisable or convertible into such shares within sixty (60) days of the date hereof for each stockholder. The shares of common stock issuable pursuant to those convertible securities, options or warrants are deemed outstanding for computing the percentage ownership of the person holding such convertible securities, options or warrants but are not deemed outstanding for the purposes of computing the percentage ownership of any other person.
(2)	The address for each of the officers and directors is c/o Remsleep Holding, Inc., 14175 ICOT Blvd, Suite 300, Clearwater, FL 33760.
(3)	Russell Bird also owns 2,500,000 Preferred A Shares, which shares may be converted on a 1 to 1 basis. No Preferred A Shares have been converted. He also owns 250,000 Preferred B Shares, which shares may be converted on a 1 to 100 basis. No Preferred B Shares have been converted.
(4)	Tom Wood also owns 2,500,000 Preferred A Shares, which shares may be converted on a 1 to 1 basis. No Preferred A Shares have been converted. He also owns 250,000 Preferred B Shares, which shares may be converted on a 1 to 100 basis. No Preferred B Shares have been converted. He also owns 2,000,000 Preferred C Shares, which shares may be converted on a 1 to 300 basis. No Preferred C Shares have been converted.

The Company ~~has~~executed ~~received~~a ~~support~~new ~~from~~employment ~~its Chairman,~~agreement ~~Russell~~with ~~Bird~~Mr. ~~through~~Wood aon ~~series~~April of1, ~~loans~~2022. ~~prior~~Per tothe ~~2019~~terms ~~for~~of athe ~~total~~agreement ~~loan of $179,191~~Mr. ~~The~~Wood ~~loan~~ is ~~unsecured~~to ~~and~~be ~~due~~compensated ~~on demand. During the three months ended March 31, 2023, the Company repaid~~ $~~100~~8,000 ofper ~~the loan~~month. OnAs ~~June~~of 14December 31, 2024 and 2023, ~~the~~there ~~company~~is ~~repaid~~ $~~79,191~~0 and $9714,~~209~~500 of ~~principal~~ ~~and~~accrued ~~interest~~compensation, respectively, ~~paying~~due ~~the~~to ~~loan~~Mr. ~~back~~Wood. inDuring ~~full.~~the Asyears ofended December 31, ~~2023~~2024 and ~~2022~~ 2023, ~~the~~cash ~~balance~~payments ~~due~~of is $095,000 and $~~179~~83,~~191~~500, ~~respectively.~~ ~~Beginning on January 1~~respectively, ~~2019,~~were ~~the~~paid ~~balance~~to ~~due~~Mr. ~~accrues interest at 12~~Wood.~~5%.~~ As of December 31, ~~2023 and 2022~~2024, ~~total~~there ~~accrued interest~~ is $07,500 ~~and~~of ~~$90,119,~~prepaid ~~respectively~~compensation expense for Mr. Wood.

The Company executed a new employment agreement with its Chairman, Russell Bird, on April 1, 2022. Per the terms of the agreement, which is effective for one year, Mr. Bird is to be compensated $8,000 per month. As of December 31, 2023 and 2022, there is $46,000 and $50,000 of accrued compensation, respectively, due to Mr. Bird. During the years ended December 31, 2023 and 2022, cash payments of $44,000 and $76,000, respectively, were paid to Mr. Bird. Effective June 1, 2023, Mr. Bird resigned from all positions with the Company.

~~The~~As ~~Company~~of ~~has~~December ~~entered~~31, ~~into~~2024 anand ~~at-will~~December ~~consulting~~31, 2023, ~~agreement~~there ~~with~~is ~~Jonathan~~$46,000 ~~Lane~~and to$46,000 ~~serve~~of asaccrued ~~Chief~~compensation, ~~Technology~~respectively, ~~Officer.~~due ~~During~~to ~~the~~Russell ~~years~~Bird, ~~ended~~the ~~December~~former ~~31,~~Chairman. ~~2023~~Effective ~~and~~June ~~2022~~1, ~~the Company made~~2023, ~~cash payments to~~ Mr. ~~Lane~~Bird ofresigned ~~$36,000~~from ~~and~~all ~~$66,000,~~positions ~~respectively~~with the Company.

~~During~~The ~~the~~Company ~~years~~has ~~ended~~entered ~~December~~into 31an ~~2023~~at-will ~~and 2022,~~consulting ~~the~~agreement ~~Company~~with ~~paid~~Jonathan ~~$19,000~~Lane ~~and~~to ~~$9,500,~~serve ~~respectively,~~as toChief ~~the~~Technology ~~brother~~Officer. ofDuring the ~~CEO~~years ~~for~~ended ~~services~~December ~~related~~31, to2024 ~~development~~and of2023, the Company’s made ~~product~~cash payments to Mr. Lane of $47,000 and $36,000, respectively.

During the years ended December 31, ~~2023~~2024 and ~~2022~~2023, the Company paid $031,100 and $119,000, respectively, to the ~~son~~brother of the CEO for ~~website~~services ~~design~~related ~~services~~to development of the Company’s product.

On September 6, 2023, the Company entered into an intellectual property assignment agreement (the “IP Purchase Agreement”) with Mr. Wood, pursuant to which the Company has agreed to issue to Mr. Wood a total of 2,000,000 shares of Series C Preferred Stock.

ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

Audit Fees

The aggregate fees billed for professional services rendered by our auditor Fruci & Associates II, PLLC for the audit and review of our financial statements for the fiscal years ended December 31, ~~2023~~2024 and ~~2022~~2023 amounted to $5352,~~279~~595 and $3253,~~200~~279, respectively.

Audit-Related Fees

21Our ~~our~~ principal accountant rendered assurance and related services reasonably related to the performance of the audit or review of our financial statements in the amount of $0 and $0, respectively.

Tax Fees

The aggregate fees billed for professional services rendered by our principal accountant for the tax compliance for the years ended December 31, ~~2023~~2024 and ~~2022~~2023 was $6,~~221~~000 and $36,~~345~~221, respectively.

All Other Fees

During the fiscal years ended December 31, ~~2023~~ 2024 and ~~2022~~2023, there were no fees billed for products and services provided by the principal accountant other than those set forth above.

PART IV

ITEM 15. EXHIBITS

Exhibit Number		Description
4.1		Description of Registered Securities (*)
31.1		Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (*)
32.1		Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 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 Document.
101.CAL*		Inline XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF*		Inline XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB*		Inline XBRL Taxonomy Extension Label Linkbase Document.
101.PRE*		Inline XBRL Taxonomy Extension Presentation Linkbase Document.
104*		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

(*)

Filed herwith

ITEM 16. FORM 10-K SUMMARY

None.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused the report to be signed on its behalf by the undersigned, thereunto duly authorized.

REMSleep Holdings, Inc
By:	/s/ Tom Wood
	Tom Wood
	Chief Executive Officer, Director
Date:	April 1614, ~~2024~~2025

Filing Compare · RemSleep Holdings Inc.