Company: OMTK
Filing Date: 2025-04-16
Form Type: 10-K/A
Source: 0001096906-25-000528
Chunk: 70

Company: Omnitek Engineering Corp
Filing Date: 2025-04-16
Form: 10-K/A
Chunk 70
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720,556 |     | $ |             0.11 |

A summary of the status of the options outstanding at December 31, 2024 is presented below:

| Range of Exercise Prices |     | Number Outstanding |     | Weighted-Average Remaining Contractual Life |     | Number Exercisable |     | Weighted-Average Exercise Price |
| $0.01-1.00               |     |          2,340,000 |     | 2.76 years                                  |     |          2,106,667 |     |                           $0.07 |

A summary of the status of the options outstanding at December 31, 2023 is presented below:

| Range of Exercise Prices |     | Number Outstanding |     | Weighted-Average Remaining Contractual Life |     | Number Exercisable |     | Weighted-Average Exercise Price |
| $0.01-1.00               |     |          2,745,556 |     | 2.04 years                                  |     |          2,720,556 |     |                           $0.11 |

Page F-17 OMNITEK ENGINEERING CORP. Notes to Financial Statements December 31, 2024, and 2023

NOTE 13 – INCOME TAXES

The provision for income taxes for the year ended December 31, 2024 and 2023 consists of the following:

| Federal            |     | December 31, 
 2024         |     |     | December 31, 
 2023         |     |
|:-------------------|:----|:-------------|----:|:----|:-------------|----:|
| Current            |     | $            |   - |     | $            |   - |
| Deferred           |     |              |   - |     |              |   - |
| State              |     |              |     |     |              |     |
| Current            |     | $            | 800 |     | $            | 800 |
| Deferred           |     |              |   - |     |              |   - |
| Income tax expense |     | $            | 800 |     | $            | 800 |

Net deferred tax assets consist of the following components as of December 31, 2024, and 2023:

| Deferred tax assets:                   |     | December 31, 
 2024         |            |     | December 31,