Company: OMTK
Filing Date: 2025-04-16
Form Type: 10-K/A
Source: 0001096906-25-000528
Chunk: 55

Company: Omnitek Engineering Corp
Filing Date: 2025-04-16
Form: 10-K/A
Chunk 55
---
ivity, and effort in performing procedures and evaluating the reasonableness of the significant assumptions used in developing the reserve.

How we addressed the matter in our Audit.

Our audit procedures related to the following:

We evaluated the reasonableness of the significant assumptions used by management.

We tested the accuracy and relevance of the management's estimates of slow-moving inventory.

We tested the calculations and application of management's methodologies related to the valuation estimates of slow-moving inventory.

We evaluated the impact of the allowance/write back of inventory reserve recorded in the financial statements

/s/

We have served as the Company’s auditor since 2023.

, India

April 15, 2025

<div align='center'>Page F-2</div>

OMNITEK ENGINEERING CORP. Balance Sheets

|                                                                                                                                  |     | December 31, |     | December 31, |
|                                                                                                                                  |     |         2024 |     |         2023 |
| ASSETS                                                                                                                           |     |              |     |              |
| CURRENT ASSETS                                                                                                                   |     |              |     |              |
| Cash                                                                                                                             |     |     $104,445 |     |      $73,703 |
| Accounts receivable, net                                                                                                         |     |       11,075 |     |       12,233 |
| Accounts receivable - related parties                                                                                            |     |        3,088 |     |        1,304 |
| Inventories, net                                                                                                                 |     |      267,616 |     |      370,838 |
| Deposits                                                                                                                         |     |      495,540 |     |       24,443 |
| Total Current Assets                                                                                                             |     |      881,764 |     |      482,521 |
| PROPERTY & EQUIPMENT, net                                                                                                        |     |        8,673 |     |        5,667 |
| OTHER ASSETS                                                                                                                     |     |              |     |              |
| Operating lease – right-of-use asset                                                                                             |     |      212,504 |     |      345,459 |
| Long-term deposit                                                                                                                |     |       13,514 |     |       13,514 |
| Total Long-Term Assets                                                                                                           |     |      234,691 |     |      364,640 |
| TOTAL ASSETS                                                                                                                     |     |   $1,116,455 |     |     $847,161 |
| LIABILITIES AND STOCKHOLD