16 December 2025
Disclaimer: This is a simplified summary of a public company filing. See full disclaimer here.
RemSleep Holdings Inc.
CIK: 1412126•2 Annual Reports•Latest: 2025-04-14
10-K / April 14, 2025
Revenue:$117,185
Income:-$1,077,997
10-K / April 16, 2024
Revenue:$203,718
Income:-$1,777,838
10-K / April 14, 2025
REMSleep Holdings, Inc. - Company Summary
Business Overview
REMSleep Holdings, Inc. is a Nevada-incorporated medical technology company focused on developing and commercializing innovative solutions for the treatment of obstructive sleep apnea (OSA). The company's primary product is the DeltaWave CPAP interface, an ergonomic nasal-pillows device designed to improve comfort and compliance in sleep apnea therapy.
Product Details
- DeltaWave CPAP Interface: A nasal-pillows type interface that addresses common issues such as work of breathing, claustrophobia, sinus dryness, and the need for less driving pressure.
- Patents:
- Utility patent (U.S. Patent No. 10987481) awarded April 27, 2021, for the DeltaWave device.
- Design patent (D1,017,025 S) awarded March 5, 2024.
- Development: The company plans to conduct clinical trials upon securing adequate financing.
Market and Industry
- The sleep treatment industry is significant, with a global market valued at nearly $8 billion in 2011, projected to reach approximately $19.72 billion by 2017.
- In the U.S., over 8 million CPAP interfaces are sold annually; an estimated 80 million people worldwide have undiagnosed sleep apnea.
- The industry faces high dropout rates, with over 50% of patients discontinuing CPAP therapy within six months due to discomfort and work of breathing.
- The market is increasingly moving towards ergonomic, user-friendly devices and home-based diagnostics.
Customers and Users
- Target Markets: Sleep product distributors, home care dealers, private sleep labs, physicians (especially sleep physicians), medical groups, hospitals, and medical associations.
- End Users: Patients requiring sleep apnea treatment, with most revenue expected from home care and hospital markets.
Operations
- Manufacturing is outsourced to mold makers with molds made in China; consideration is being given to relocating manufacturing to the U.S.
- Operations are entirely dependent on securing adequate financing.
Employees
- The company currently employs:
- Thomas J. Wood (Chief Executive Officer)
- John Lane (Chief Technology Officer)
- All other services are provided by independent contractors.
Financial Highlights
- Revenue: Recognized $117,185 in 2024, down from $203,718 in 2023.
- Cost of Goods Sold: $99,147 in 2024, significantly lower than $960,457 in 2023 (which included inventory impairment expense).
- Net Income/Loss:
- Loss of $1,077,997 in 2024.
- Loss of $1,777,838 in 2023.
- Revenue from Sales: Mainly from CPAP systems, with ongoing product development costs.
- Assets: Approximately $591,697 as of December 31, 2024.
- Liabilities: Total liabilities of $254,994 as of December 31, 2024, including accounts payable and convertible notes payable.
- Stockholders' Equity: $336,703 as of December 31, 2024.
- The company is a smaller reporting company, with approximately 156 stockholders of record as of April 14, 2025.
Additional Context
- The company’s ongoing operations are heavily dependent on securing further financing.
- It has received FDA 510(k) approval for its DeltaWave product as of July 2, 2024, with inventory readiness expected in Q2 2025.
- The company has patent protections for its DeltaWave product and plans to expand its sleep product portfolio.
