Company: ATVK
Filing Date: 2025-04-08
Form Type: 10-K
Source: 0001376474-25-000312
Chunk: 2

Company: Ameritek Ventures, Inc.
Filing Date: 2025-04-08
Form: 10-K
Item: Item 7
Chunk 2
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Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Results of Operations

For the years ended December 31, 2024, and 2023

Ameritek had operating revenue of $678,300 for the year ended December 31, 2024, as compared to $949,438 for the year ended December 31, 2023, a decrease of $271,128, or 29%. This decrease was due to the sale of Interactive Systems and interlinkONE to ZenaTech. 

Total operating expenses decreased by$363,928 or 44% since the Company sold the two revenue and expense generating companies on October 1, 2024. Additionally, Ameritek is now using the proprietary server from Epazz, Inc. and not loaning cloud space from third party vendors. Development and support expenses were lower by $222,040 or 43% in 2024. General and administrative expenses were $132,398 for 2024, a decrease by $91,384 or 41% as compared to expenses incurred during 2023. Depreciation and amortization expenses were also down by $50,504 or 61% from 2023.

5

Net operating income before other income was $219,332 for 2024 as compared to a net income of $126,542 for 2023, a positive net change of $92,790. This result is due to reducing expenses significantly in 2024.

Other income increased by $4,496,799 during 2024 due to gain on asset disposal resulting from the sale of Ecker Capital to ZenaTech. Interest expenses decreased by $23,369 in 2024 from $185,452 due to a reduction of interest paid in the fourth quarter of 2024. The Company recognized other revenue of $4,439,550 for gain on asset disposal. 

Ameritek had a net income of $4,496,799 during 2024 as compared to a net loss of $58,910 realized during 2024. This decrease is due to the factors explained above.

Liquidity and Capital Resources

Cash Flow

The Company currently funds its operations, including working capital and capital expenditures, and acquisitions through cash, cash equivalents and short-term investments and financing activities as necessary. We expect that cash, cash equivalents and short-term investments, and other sources of liquidity, such as issuing equity or debt securities, subject to market conditions,