Company: OMTK
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001096906-25-001378
Chunk: 15

Company: Omnitek Engineering Corp
Filing Date: 2025-08-19
Form: 10-Q
Item: Item 2
Chunk 15
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, an increase of $292,907. Gross margin as a percentage of sales was 38% for the six months period ended June 30, 2025, and 39% for the six months period ended June 30, 2024.

Our operating expenses for the six months period ended June 30, 2025 were $319,579 compared to $320,498 the six months period ended June 30, 2024, a decrease of $919. General and administrative expense for the six months period ended June 30, 2025 were $282,346 compared with $282,997 for the six months period ended June 30, 2024. Major components of general and administrative expenses for the six months period ended June 30, 2025 were professional fees of $56,916, rent expense of $21,649 and salaries and wages of $114,133. This compares with professional fees of $53,897, rent expense of $20,860, and salaries and wages of $107,840 for the six months period ended June 30, 2024. Research and development outlays were $35,305 for the six months period ended June 30, 2025 compared to $36,100 for the six months period ended June 30, 2024.

Our net income for the six months period ended June 30, 2025 was $99,193, or $0.00 per share, compared to a net loss of $174,814, or $0.01 per share, for the six months period ended June 30, 2024.  

Results for the six months period ended June 30, 2025 reflect the impact of non-cash expenses, including the value of options granted in the amount of $3,782 and depreciation and amortization of $1,928. For the six-month period ended June 30, 2024, non-cash expenses included the value of options granted of $4,657 and depreciation and amortization of $1,401.

Liquidity and Capital Resources

Overview

Our primary sources of liquidity are cash provided by financing activities and available working capital. Additionally, from time to time we may raise funds from the equity capital markets to fund our research and development programs, expansion of our business and general operations.

At June 30, 2025, our current liabilities totaled $1,921,481and our current assets totaled $712,376, resulting in negative