$OMTK

Omnitek Engineering Corp

CIK:0001404804|SEC Filings

Condensed Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
Condensed Statements of Operations - USD ($)	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Details {2}
Revenues	$ 306,239	$ 605,407	$ 461,836	$ 965,153
COST OF GOODS SOLD	173,139	383,656	248,123	602,434
GROSS MARGIN	133,100	221,751	213,713	362,719
OPERATING EXPENSES
General and administrative	153,849	149,895	266,796	282,346
Research and development	18,881	16,996	35,667	35,305
Depreciation and amortization	964	964	1,928	1,928
Total Operating Expenses	173,694	167,855	304,391	319,579
PROFIT/(LOSS) FROM OPERATIONS	(40,594)	53,896	(90,678)	43,140
OTHER INCOME (EXPENSE)
Other income	78,401	88,237	78,670	88,461
Other Expense	(105,071)	(8,559)	(111,266)	(18,397)
Interest expense	(4,687)	(6,921)	(17,261)	(13,211)
Total Other Income/(Expense)	(31,357)	72,757	(49,857)	56,853
PROFIT/(LOSS) BEFORE INCOME TAXES	(71,951)	126,653	(140,535)	99,993
INCOME TAX EXPENSE	800	800	800	800
NET PROFIT/(LOSS)	$ (72,751)	$ 125,853	$ (141,335)	$ 99,193
BASIC AND DILUTED LOSS PER SHARE	$ 0	$ 0.01	$ (0.01)	$ (0)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC AND DILUTED	21,948,091	21,948,091	21,948,091	21,948,091

Statements of Cash Flows - USD ($)	6 Months Ended
Statements of Cash Flows - USD ($)	Jun. 30, 2026	Jun. 30, 2025
OPERATING ACTIVITIES
Net income (loss)	$ (141,335)	$ 99,193
Adjustments to reconcile net loss to net cash used in operating activities
Amortization and depreciation expense	1,928	1,928
Stock option expense	694	3,782
Amortization of ROU asset	72,095	69,146
Change in Inventory reserve	(50,136)	18,068
Changes in operating assets and liabilities
Accounts receivable	(20,689)	7,421
Accounts receivable-related parties	3,695	(10,001)
Other noncurrent assets	(11,721)	0
Deposits	108,488	158,404
Inventory	(136,924)	(76,313)
Accounts payable and accrued expenses	3,330	(70,900)
Customer deposits	255,708	(246,945)
Accrued management compensation	(577)	(577)
Operating lease liability	(86,878)	(82,698)
Accounts payable-related parties	(583)	682
Net cash provided by (used in) operating activities	(2,905)	(128,809)
INVESTING ACTIVITIES
Purchase of fixed assets	0	0
Net cash used in investing activities	0	0
FINANCING ACTIVITIES
Proceeds from (payments on) notes payable-related party	34,000	57,000
Net cash (used in) provided by financing activities	34,000	57,000
NET CHANGE IN CASH	31,095	(71,809)
CASH AT BEGINNING OF YEAR	14,097	104,445
CASH AT END OF PERIOD	45,192	32,636
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS
Interest	17,261	15,312
Income taxes	$ 800	$ 800

Condensed Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
CURRENT ASSETS
Cash	$ 45,192	$ 14,097
Accounts receivable, net	24,778	4,089
Accounts receivable - related parties	16,698	20,393
Inventories, net	483,193	296,132
Deposits	219,262	329,250
Total Current Assets	789,123	663,961
Property & Equipment, net	2,887	4,816
LONG-TERM ASSETS
Prepaid Expense	1,500	0
Operating lease - right-of-use asset	0	72,095
Long-term deposit - Activity	11,721	0
Long-term deposit - Specialty	13,514	13,514
Total Long-Term Assets	29,622	90,425
TOTAL ASSETS	818,745	754,386
CURRENT LIABILITIES
Accounts payable and accrued expenses	272,416	269,086
Accrued management compensation	636,311	636,888
Accounts payable - related parties	34,047	34,630
Notes payable - related parties	232,940	198,940
Convertible notes payable - related party	10,000	10,000
Customer deposits	644,009	388,301
Operating lease liabilities - current	0	86,878
Total Current Liabilities	1,829,723	1,624,723
LONG-TERM LIABILITIES
Loans payable - SBA, net of current portion	199,000	199,000
Operating lease liabilities - long-term	0	0
Total Long-term Liabilities	199,000	199,000
Total Liabilities	2,028,722	1,823,723
STOCKHOLDERS' DEFICIT
Common stock, 125,000,000 shares authorized; no par value; 21,948,091 and 21,948,091 shares, respectively issued and outstanding	8,607,086	8,607,086
Additional paid-in capital	12,078,116	12,077,422
Accumulated deficit	(21,895,180)	(21,753,845)
Total Stockholders' Deficit	(1,209,978)	(1,069,337)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 818,745	$ 754,386