Company: SCTH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001017386-25-000073
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Company: Securetech Innovations, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
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March 31, 2025

(unaudited)

NOTE 1 – Summary of Significant Accounting Policies
 
Organization
 
SecureTech Innovations, Inc. (“Company” or “SecureTech”) was incorporated under the laws of the State of Wyoming on March 2, 2017, under the name SecureTech, Inc. The Company amended its Articles of Incorporation on December 20, 2017, to change its name to SecureTech Innovations, Inc. On November 19, 2021 and November 25, 2021, SecureTech incorporated wholly-owned subsidiaries Piranha Blockchain, Inc. under the laws of the State of Wyoming and Piranha Blockchain, Ltd. under the International Business Company (IBC) laws of Anguilla, British West Indies, respectively (collectively, “Piranha”). On January 27, 2025, the Company incorporated two new subsidiaries under the laws of the State of Wyoming, Terra Nova Technologies, Inc. and Top Kontrol, LLC.
 
SecureTech Innovations, Inc. is a pioneering innovator in blockchain, Web3, and cybersecurity technologies. Through its Piranha Blockchain subsidiary, it is developing cutting-edge technologies and platforms to securely store and transfer digital assets and enhance online privacy and user protection. Additionally, SecureTech is known for its groundbreaking safety device, Top Kontrol, an advanced anti-theft and anti-carjacking system designed to preserve life and protect property.
 
Unaudited Interim Financial Information
 
The unaudited condensed interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and the instructions to Form 10-Q and Rule 8-03 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by GAAP for complete financial statements. In the opinion of Management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included.
 
The balance sheet as of December 31, 2024, has been derived from audited financial statements.
 
Operating results for the three months ended March 31, 2025, are not necessarily indicative of results that may be expected for the year ending December 31, 2025. These condensed financial statements should be read in conjunction with the audited financial statements for the year ended December 31, 2024, filed with the Company’s Annual Report on Form 10-K with the Securities