Company: ATVK
Filing Date: 2025-06-05
Form Type: 10-K/A
Source: 0001376474-25-000512
Chunk: 8

Company: Ameritek Ventures, Inc.
Filing Date: 2025-06-05
Form: 10-K/A
Chunk 8
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 2024 |   |    2023 |   | Change ($) |
|:-----------------------------------------------------|:--|---------------------------------:|:--|--------:|:--|-----------:|
| Cash flow (used in) provided by operating activities | $ |                          331,375 | $ | -23,009 | $ |    354,384 |
| Cash flow (used in) provided by investing activities | $ |                                – | $ |       – | $ |          – |
| Cash flow (used in) provided by financing activities | $ |                         -329,659 | $ |  27,876 | $ |    357,535 |

Operating activities Cash flow provided by operating activities had a total outflow of $354,384 for the year ended December 31, 2024, while for 2023 the cash inflow provided by operating activities was $(23,009). This is due to having a net income of $4,496,799, partially offset by the change in gain on sale of Ecker of $4,439,550, a decrease of accounts receivable of $245,547, accounts payable of $75,303, accrued interest of $42,399 partially offset by an increase in deferred revenue of $327,032, and a decrease of amortization and depreciation of $50,504 in 2024 compared to 2023, all as a result of the sale of Ecker Capital. Investing Activities There was no investing activities during the years ending December 31, 2024, and 2023. Financing Activities Cash outflow used by financing activities decreased by $357,535 for the year ended December 31, 2024. This difference represents the decrease by $539,768 of proceeds from short-term debt and the inflow of $182,233 was for the repayment of long-term debt. Cash and Cash Equivalents The Company had no cash as of December 31, 2024 as compared with $5,618 as of December 31, 2023, because of the assets sale to ZenaTech. Ameritek continues to rely on borrowings to finance its working capital needs. Off Balance Sheet Arrangements We do not have any significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our consolidated financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors. Recent Accounting Pron