$SCTH

Securetech Innovations, Inc.

CIK:0001703157|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Revenues:
Sales of goods	$ 6,793,538	$ 14,235
Service revenue	927,219
Total revenues	7,720,757	14,235
Cost of revenues	5,818,498	3,421
Gross profit	1,902,259	10,814
Operating expenses:
General and administrative	1,366,109	414,400
Selling and marketing expenses	20,569
Research and development	280,261
Total operating expenses	1,666,939	414,400
Income (loss) from operations	235,320	(403,586)
Other income (expenses):
Change in fair value of notes payable	(4,304)
Interest income	76
Interest expense	(77,489)	(5,854)
Government grants	429
Others, net	(68,324)
Total other income (expenses)	(149,612)	(5,854)
Income (loss) before income taxes	85,708	(409,440)
Provision for income taxes	(117,590)
Net profit (loss) before allocation to non-controlling interests	203,298	(409,440)
Less: Net profit attributable to redeemable non-controlling interests	23,889
Less: Net profit attributable to non-controlling interests	66,632
Net profit (loss) attributable to SecureTech shareholders	$ 112,777	$ (409,440)
Earnings (loss) per share: Basic	$ 0.00	$ (0.01)
Earnings (loss) per share: Diluted	$ 0.00	$ (0.01)
Weighted average common shares outstanding: Basic	40,010,980	78,148,402
Weighted average common shares outstanding: Diluted	222,960,980	78,148,402

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Cash flows from operating activities:
Net profit (loss)	$ 203,298	$ (409,440)
Adjustments to reconcile net profit (loss) to net cash used in operating activities:
Depreciation of property and equipment	42,765	983
Amortization of intangible assets	183,427
Loss on disposal of equipment	80,835
Imputed and amortized interest	9,172	2,212
Loss on issuance of notes payable	46,139
Change in fair value of notes payable	4,304
Stock-based compensation expense	261,807	51,057
Amortization of operating lease right-of-use assets	45,481
Deferred income taxes	(117,590)
Increase in accounts receivable	(1,406,366)
(Increase) decrease in inventories	(690,206)	13,656
Decrease in amounts due from related parties	45,802
increase in prepayments and other current assets	(466,164)	(26)
Increase in operating lease right-of-use assets, net	27,803
Increase in accounts receivable, net of current portion	(746,813)
Increase in accounts payable	620,596	8,326
Increase in accounts payable, related parties	12,135	60,978
Decrease in contract liabilities	(192,787)
Decrease in other payables, related party	(49,043)
Decrease in operating lease liabilities	(66,138)
Increase in accrued expenses and other current liabilities	1,228,972	211,656
Net cash used in operating activities	(922,571)	(60,598)
Cash flows from investing activities:
Acquisition of equipment	(228,907)
Cash acquired from the acquisition of subsidiaries	364,311
Net cash provided by investing activities	135,404
Cash flows from financing activities:
Issuance of common shares for cash	5,000	15,000
Proceeds from notes payable	606,400	39,611
Proceeds from short-term borrowings	1,126,588
Payments on short-term borrowings	(792,209)
Net cash provided by financing activities	945,779	54,611
Net increase (decrease) in cash	158,612	(5,987)
Cash – beginning of period		5,987
Effects of exchange rate changes on cash	75,213
Cash – end of period	233,825
Cash paid for income taxes
Cash paid for interest	$ 72,203	$ 4,026

CONSOLIDATED BALANCE SHEETS	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)
Current assets:
Cash and equivalents	$ 233,825
Accounts receivable, net	1,933,221
Amounts due from related parties	24,098
Inventories	1,946,203
Prepayments and other current assets	3,383,422	1,114
Total current assets	7,520,769	1,114
Non-current assets:
Equipment, net	312,229	2,503
Operating lease right-of-use, net	291,444
Intangible assets, patents	3,485,120
Goodwill	6,278,366
Accounts receivable, net of non-current portion	1,185,097
Deferred tax asset	117,177
Total non-current assets	11,669,433	2,503
Total assets:	19,190,202	3,617
Current liabilities:
Accounts payable	1,483,093	14,205
Accounts payable, related parties	63,113	50,978
Accrued payroll, related parties	59,498	322,448
Amounts due to related parties	4,581
Contract liabilities	164,336
Notes payable	551,822
Notes payable, related parties	192,464	39,611
Operating lease liabilities, current portion	99,298
Short-term borrowings	2,499,607
Accrued expenses and other current liabilities	1,254,422	16,417
Total current liabilities	6,372,234	443,659
Non-current liabilities:
Operating lease liabilities, net of current portion	194,720
Deferred tax liabilities	548,190
Total non-current liabilities	742,910
Total liabilities:	7,115,144	443,659
Mezzanine equity: Redeemable non-controlling interest	738,303
Stockholders’ equity (deficit):
Preferred stock, $0.001 par value, 50,000,000 shares authorized; 18,295 and 13,400 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively	18	13
Common stock, $0.001 par value, 500,000,000 shares authorized; 31,377,368 and 78,086,881 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively	31,377	78,087
Contingent consideration	1,652,910
Additional paid in capital	10,442,707	1,196,426
Accumulated deficit	(1,601,791)	(1,714,568)
Accumulated other comprehensive loss	76,892
SecureTech shareholders	10,602,113	(440,042)
Non-controlling interests	734,642
Total stockholders’ equity (deficit)	11,336,755	(440,042)
Total liabilities and stockholders’ equity	$ 19,190,202	$ 3,617