Company: SCTH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001017386-25-000073
Chunk: 18

Company: Securetech Innovations, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 18
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, 2024.

Loss From Operations

As a result of the foregoing, our loss from operations was ($90,935) during the three months ended March 31, 2025, compared with ($80,691) for the same period of 2024. This $10,244, or 12.7%, increase in our loss from operations was primarily attributable to a lack of any sales during the fiscal period ended March 31, 2025.

23

Other Income (Expense)

Our other income (expense) is comprised of bank interest received on cash deposits, cashback rewards generated from a bank credit card, and finance charges incurred on carried outstanding balances on our bank credit card. During the three months that ended March 31, 2025, we incurred ($3,430) in other expenses, compared to ($790) in other income for the same period of 2024.

Net Loss

The result was that our net loss was ($94,365) during the three months ended March 31, 2025, compared with ($81,481) for the same period of 2024. This $12,884, or 15.8%, increase in our loss from operations was primarily attributable to a lack of any sales during the fiscal period ended March 31, 2025.

Total Stockholders’ Deficit

Our stockholders’ deficit was ($210,755) as of March 31, 2025.

Liquidity and Capital Resources

Our principal demands for liquidity are related to our efforts to generate sales, manufacturing inventory, and expenditures related to sales, regulatory compliance, and general corporate purposes. We intend to meet our liquidity demands, including capital expenditures related to the manufacture of inventory and the expansion of our business, primarily through cash flow provided by operations and sales of our securities.

As of March 31, 2025, we had a cashback revolving credit line of $1,000 and an outstanding balance of $8,797 on this credit line. Under the terms of this line of credit, SecureTech is to receive 1.5% back on all purchases made through this credit line. Management strives to put as many ordinary operating expenses as possible through this credit line to reduce operating expenses passively.

We primarily rely on equity sales of our common stock to fund our operations until we generate sufficient revenue to cover operating expenses, which may never happen. Issuing additional shares will dilute our existing stockholders. There is no assurance we can make further sales of our