iwallet Corp (OTC: IWAL) is a consumer hardware company that designs and develops biometric locking wallets and related physical personal security products. Revenue is generated through retail and wholesale product sales, though the company reported $0 in revenue for both fiscal years ended December 31, 2025 and December 31, 2024. The initial iWallet product generated over $700,000 in sales in its first eighteen months following launch, through retail channels including Neiman Marcus in North America, Harrods in England, Highline Peak Group in Canada, and NeedItWantItGadgets in New Zealand. As of the 10-K filed March 27, 2026, the company had 106,419,419 shares of common stock outstanding and trades on the OTC Link alternative quotation system. Steven Cabouli serves as Chief Executive Officer, Chief Financial Officer, and President. The company has no current revenue and carries an accumulated deficit, funded in part through secured convertible debentures and issuance of common stock for services and debt extinguishment.

Revenue model

Product sales through wholesale retail agreements and direct online channels. The company reported $0 revenue for fiscal years ended December 31, 2025 and December 31, 2024. Historical revenue came from retail partnerships with department and specialty stores. The company is pursuing co-branding and white-label agreements as prospective revenue streams.

Products and services

Biometric locking wallets and related physical personal security products sold under the iWallet brand. The company has pursued co-branding agreements with partners including Dunhill, and is targeting additional agreements with TravelPro, Montblanc, Ducati, Gucci, Bugatti, and others, per the 10-K filed March 27, 2026.

Customers and end markets

Retail end markets including luxury department stores, specialty gift and gadget retailers, travel retail (duty-free shops, in-flight catalogs, cruise ship boutiques), luggage retailers, and automotive dealership gift shops. Prior retail partners included Neiman Marcus, Harrods, and Heys Luggage. The company is targeting high-traffic travel hubs and direct online consumers.

Value-chain role

Product designer and brand owner of biometric hardware wallets, selling through third-party retail and wholesale distribution channels. The company does not manufacture directly and relies on retail partners and prospective white-label agreements for distribution.

Geographic exposure

North America (primary), United Kingdom (Harrods), Canada (Highline Peak Group), and New Zealand (NeedItWantItGadgets), per the 10-K filed March 27, 2026. The company is targeting international travel retail channels.

Source: SEC 10-K, filed 2026-03-27

Industry: Communications Equipment, NEC